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Q

What is the average monthly payment for car insurance?


A

The average monthly payment for car insurance will vary greatly depending on many items, such as where you live and your state's mandated liability insurance. The national average for car insurance premiums in 2009 was $1,736, so that would break down to around $145 a month.

According to the CPI, in 2009 these are the most expensive states:

New Jersey
District of Columbia
New York
Louisiana
Maryland
Delaware
Rhode Island
Michigan
Alaska

These were the least expensive state car insurance trends:

Illinois
South Dakota
Iowa
Arkansas
Vermont
Hawaii
North Dakota
Nebraska
Ohio

Many factors go into the cost of your insurance. Other then where you live items such as the type of vehicle you are insuring, mileage driven each year, the limits of your insurance and the optional coverages you chose to put on the vehicle will help determine your premium rates. Beyond this, personal factors such as age, driving history, etc will also affect the cost of your auto insurance policy.

A new vehicle will cost more for insurance than a used vehicle, but the simple rule is that the more a vehicle costs the more it is to insure. So, you could have an expensive used car that would be more expensive than a less expensive new car.

In the past, optional security features would help the price of insurance, but most vehicles now come with air-bags and anti-lock brakes so it isn't as big of a factor.

If you review your states' insurance page on our site, you can see the averages. You can also put in your ZIP code and find the average in your city. 

Many state insurance regulator websites list sample rates for different areas within a state. To see if this is available for your state, check with your state insurance regulatory body's site. 


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10 Responses to "What is the average monthly payment for car insurance?"
  1. Anonymous

    give me a price!!

      Reply»  
  2. Anonymous

    what is the best car insurence company?

      Reply»  
  3. Anonymous

    wut tha flip....

      Reply»  
  4. Anonymous

    its too much 153.00

      Reply»  
  5. Anonymous

    hi

      Reply»  
  6. Anonymous

    what is the insurance rate in Ottawa,ON?

      Reply»  
  7. Anonymous

    im sexy

      Reply»  
  8. Anonymous

    Exactly what I needed it!

      Reply»  
  9. Anonymous

    does not say anything about the difference b/w new cars vs. old

      Reply»  
  10. Anonymous

    it didnt tell me what im looking for....insurance rates in missouri!!!

      Reply»