How Much is Auto Insurance a Month– Auto insurance depends on many factors such as Generally, younger drivers have to pay higher premiums because they are consider to be at a higher risk, while older drivers may enjoy lower rates.
If you’re interesting in knowing how much car insurance costs every month, it’s important to understand that the best way to find affordable coverage is to compare rates from different insurance providers within your state.
Age is one of the most significant determinants affecting the average monthly cost of car insurance. Generally, younger drivers have to pay higher premiums because they are considering to be at a higher risk, while older drivers may enjoy lower rates. Gender is also a factor, with men typically paying more for car insurance per month than women. Additionally, marital status plays a significant role, with unmarried drivers often facing higher rates compare to married couples, as they may be perceived as having more responsibilities and being more cautious on the road.
Average Costs of Auto Insurance
Car insurance costs can vary depending on several factors, such as the type of policy you choose and your driver profile. most drivers pay $40 and $140 per month for auto insurance. it is usually around $45 per month for liability-only policies, but $119 per month for full-coverage policies.
It’s important to note that young drivers under the age of 25, as well as those with a history of accidents or traffic violations, typically pay higher premiums. On average, drivers with an accident pay around $172 per month, while young drivers pay an average of $592 per month. Senior drivers, on the other hand, usually pay less with an average monthly cost of $116.
Auto Insurance Cost by Age and Gender
| AGE | COSTS |
| 18-Year-Old Male | $501 |
| 18-Year-Old Female | $416 |
| 25-Year-Old Male | $150 |
| 25-Year-Old Female | $138 |
| 30-Year-Old Male | $139 |
| 30-Year-Old Female | $128 |
| 45-Year-Old Male | $119 |
| 45-Year-Old Female | $119 |
| 55-Year-Old Male | $113 |
| 55-Year-Old Female | $113 |