how much is car insurance a month– Full coverage includes liability, comprehensive, collision, and additional insurance as required by state laws for car insurance.
Car insurance serves as a safeguard against financial losses arising from accidents or mishaps on the road. It offers coverage for damages to your vehicle and provides financial protection if you are held responsible for injuries or damages to others. Additionally, auto insurance can cover medical expenses for you and your passengers in the event of an accident, or if you’re involved in a collision with an uninsured or underinsured driver. However, it’s essential to understand that the extent of coverage is subject to specific limits outlined in your policy, which are mutually agreed upon between you and your insurance provider.
What is the Cost of Car Insurance?
These are the following points you need to focus on before taking car insurance:
- National Average Cost:
- Full coverage car insurance: $1,982 per year or approximately $165 per month.
- Full coverage includes liability, comprehensive, collision, and additional insurance as required by state laws.
- Factors Affecting Cost:
- Rates vary widely based on driving history and level of coverage.
- The following factors were considered for average annual costs:
- Credit history.
- Driving history.
- The breadth of insurance coverage.
- Average Costs Based on Profiles:
- A good driver with good credit:
- Full coverage: $1,982/year.
- Minimum coverage: $549/year.
- Driver with one speeding ticket and good credit:
- Full coverage: $2,486/year.
- Minimum coverage: $693/year.
- Driver with an at-fault accident and good credit:
- Full coverage: $2,936/year.
- Minimum coverage: $817/year.
- A good driver with poor credit:
- Full coverage: $3,222/year.
- Minimum coverage: $866/year.
- Driver with a recent DUI and good credit:
- Full coverage: $3,693/year.
- Minimum coverage: $1,045/year.
- A good driver with good credit:
- Comparison: Full coverage insurance costs are significantly higher than minimum coverage across all profiles.
- Personal Factor: Several personal factors impact individual insurance costs.
- Age: 35 years old.
- Driving record: Clean.
- Credit rating: Good.
- Insurers’ Evaluation:
- Insurers utilize credit-based insurance scores similar to regular credit scores in most states.
- These scores factor into rate calculations along with other personal information.
Car Insurance from the cheapest to most expensive cost
These are the full coverage car insurance of some states from the cheapest to most expensive one
| States Name | Price Per Month | Price Per Year |
| Wyoming | $89 per month | $1,069 per year |
| Vermont | $104 per month | $1,251 per year |
| Massachusetts | $112 per month | $1,348 per year |
| Idaho | $113 per month | $1,361 per year |
| Ohio | $115 per month | $1,380 per year |
| Florida | $316 per month | $3,797 per year |
| Louisiana | $301 per month | $3,608 per year |
| Rhode Island: | $278 per month | $3,341 per year |
| Texas | $247 per month | $2,966 per year |
| Kentucky | $247 per month | $2,965 per year |