The average cost is a statistical measure that represents the average value of a set of data. It is calculated by adding up all the data elements in the set, then dividing the total sum by the total number of elements.
The average cost of car insurance can vary considerably depending on many factors such as where you live, age, gender, driving history, type of vehicle, level of insurance coverage chosen, etc.
In the US the average annual cost of car insurance is $2148 and the average monthly cost of car insurance is $179, but these rates can vary depending on your driving history and the level of coverage you choose. Here’s what you can expect to pay, taking into account the factors mentioned above
Average monthly auto insurance costs by state in 2023
The average cost of car insurance in the United States varies considerably from state to state and depends on many factors, including age, gender, driving history, type of vehicle and insurance coverage chosen.
Here are the average monthly auto insurance costs by state in 2023, according to data from the National Association of Insurance Commissioners (NAIC):
New Hampshire: $73
New Jersey: $126
New Mexico: $95
New York: $120
North Carolina: $81
North Dakota: $64
Rhode Island: $138
South Carolina: $92
South Dakota: $65
West Virginia: $84
NB : It is important to note that these figures are only averages and that the actual cost of insurance can vary widely depending on many individual factors.
average annual car insurance costs by state in the US
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The average cost of car insurance in the US varies from state to state and depends on many factors such as age, gender, type of vehicle, level of coverage and driving history. However, the following is a rough list of average annual car insurance costs by state in the US, based on data for the year 2023:
New Hampshire: $940
New Jersey: $1,717
New Mexico: $1,261
New York: $1,596
North Carolina: $1,229
North Dakota: $1,214
Rhode Island: $1,917
South Carolina: $1,375
South Dakota: $1,057
West Virginia: $1,279
NB: It is important to note that these figures are averages and that actual costs may vary depending on many personal factors. It is recommended that you contact insurers for accurate quotes.