The average cost of auto insurance in the U.S. is around $1,134 per year, and car insurance premiums are largely determined by your driving history, the type of car you drive, and where you live. That means that you may wind up paying either much more or much less than the average cost of car insurance in your state.
What is the average cost of automobile insurance?
The pricing is one of the most important aspects for people seeking auto insurance. Not only do insurance costs vary from state to state, but they also vary from business to company. According to Insurify.com, the average yearly cost of auto insurance in the United States was $1,633 in 2021 and is anticipated to increase to $1,706 in 2022.
How much auto insurance should I purchase?
- Around the age of 65, auto insurance premiums for older citizens tend to increase, but they explode after age 80.
- Drivers over the age of 50 often pay less for auto insurance than younger and older drivers.
- The average cost of full coverage vehicle insurance for a motorist aged 85 is $2,165.