What is the average monthly rate of car insurance?

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Joel Ohman
Founder, CFP®https://res.cloudinary.com/quotellc/image/upload/insurance-site-images/ciccom-live/41b5e36b-joel-ohman.jpg

UPDATED: Jun 22, 2017

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Here's what you need to know...
  • The average car insurance rates will depend on a variety of factors that includes both personal and public factors
  • Finding the average car insurance rates can be done easily through an online web search
  • Remember that there are ways to lower your insurance rate including searching for discounts and driving well

The average cost of car insurance per month depends on a number of factors. The average rate of premiums for a man in Wisconsin might not be the same as the average rate for a woman in Texas.

If you compare the averages for the past few years, you will see that the price is gradually going up.

There are many reasons for this increase in auto insurance premiums. Inflation, a general increase in the youth population, and of course, brand new cars all contribute to the cost of insurance.

If you want to get better than average car insurance rates, do a little comparison shopping among multiple car insurance companies.

Just enter your ZIP code above for a FREE online car insurance comparison now!

Where can I look for the average car insurance rates?


One of the best tools you have at your fingertips in regards to finding statistics for average insurance rates is the Internet. You can find out just about anything these days just by using your computer.

You can do a general search for average car insurance rates by using the search engines such as Google and Bing.

You find a number of articles and websites that you can visit that will give you average costs for the past and current years.

You can also visit the Insurance Information Institute, which is a website dedicated to informing the public about the insurance industry.

If you visit the III’s Insurance Fact Book, you will have the option to purchase the guide, which includes a number of figures and facts, including the average premiums for car insurance.

If you are debating between two or three car insurance companies, you may want to just call each of them and ask what their average premium is on a yearly basis.

You can also talk with your family members and friends and ask what they pay for their insurance premiums in order to get an average that way.

Factors That Play a Part in Auto Insurance Premiums

Factors written on a chalkboard

There are actually several factors that insurance companies consider when evaluating your rates.

The average is the price insurance companies base their suggested price on.

They consider the average person in your situation and the risks associated with his/her driving. You will have to pay a premium partially calculated on the state average and regional average.

You will pay a premium partially calculated on your age group average.

Other factors that will be compared to the state average include gender and marital status. Based on the statewide performance of your neighbors, you may have to pay a slightly higher cost on your car insurance.

Although you are fighting the law of averages to some extent, there are some factors that are controllable.

Fewer traffic violations or traffic accidents will mean a better premium rate. You will also save money my choosing older, larger and safer cars instead of new sports cars.

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Circumstances You Can Control

Pursuing a higher education can save on your premiums as, statistically, educated drivers take fewer risks on the road.

Similarly, people with good credit score statistically drive safer than people who have poor credit scores.

The insurance companies figure that you, as an educated or financially cautious individual, will drive safely like all the others.

Your occupation and the driving distance to your job are two important, controllable factors.

The insurance company considers the total number of miles driven each year.

If you are hoping to decrease your insurance premiums, you could start taking the bus or carpooling to work or stop frequently driving your work vehicle.

Battling the Average


Though you contend with the average premium rate for your state and city, there are measures you can take to pay a below average rate.

You can look into multiple car or multiple-policy discounts, or you can drop comprehensive or collision damage and simply pay for liability insurance.

Remember, the averages compiled for each state are based on full coverage contracts that includeliability, comprehensive and collision.

If you take definite steps to decrease your personal and the insurance company’s risk, you can enjoy a much greater discount than the average person.

In the meantime, you can search for comparable insurance quotes online and get a rough estimate of what you might be paying for car insurance based on your basic demographics.

Why not get started comparing car insurance rates today using our FREE car insurance comparison tool now? Simply enter your ZIP code below now!

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