Car insurance costs vary by hundreds, or even thousands of dollars, depending on your unique circumstances.
When it comes to paying for your monthly insurance policy, it can be a bitter pill to swallow. Many of us know the feeling: you’ve taken care of your other household bills and other household’s monthly payments. In such a situation, it makes sense to wonder about the cost of your insurance coverage:
- Is it above or below average?
- Are your neighbors paying more or less?
- Are there better deals to be found elsewhere?
For your ease, let’s considered the average cost of car insurance in Atlanta, United state:
Taking the time to car insurance quotes is one of the smartest financial decisions you can make. Nowadays, AI technology provides you with dozens of car, home, and life insurance quotes, customized to your driver history and complete with personal discounts.
Average Total Auto Insurance Cost per month
In the United States, the average cost per month of auto insurance is around $234. It’s about the same price as a Halloween Day direct flight from New York to Madrid, which Iberia Air is currently offering for $242.
Monthly averages are all well and good, but what is the average cost of auto insurance for the duration of the policy?
Most drivers want to know how much they’ll end up shelling out for the total duration of their car insurance plan.
Well, the average total premium for a U.S. driver is around $1,463. If a driver chose to renew their $1,463 six-month policy for the same price, their average annual premium would come out to $2,926, just shy of three thousand dollars.
Average Auto Insurance Cost for Teens:
The average cost for teenage car insurance is about $430-$450 per month for an individual policy or $225-$300 per month as an add-on to a parent’s policy. Even among teenagers, age is a big factor in the cost of car insurance. The younger the driver, the more expensive insurance such as:
Annual Full Coverage Car Insurance according to age:
1) Age: 18 Years
Annual Full Coverage Car Insurance cost: $7,179
2) Age: 19 Years
Annual Full Coverage Car Insurance cost: $6,021
3) Age: In between 20 to 23 Years
Annual Full Coverage Car Insurance cost: $5,333 to $3,840
4) Age: In between 25 to 30+
Annual Full Coverage Car Insurance cost: $3,207 to $2,399
If you are living in the US and looking for the cheapest state to buy car insurance to keep your vehicle safe from future wear and tear, then you must switch to Loya car insurance in Atlanta. Here you can buy auto insurance by just paying a monthly premium of $114 or $1,372 per year, on average.
What else can affect average car insurance rates?
There are the following factors that affect your car insurance premium:
- Driving Experience
- Location within a state
- Insurance and claim history
- The mileage of the car