How Much Does a Car Insurance Policy Cost?
How Much Does a Car Insurance Policy Cost? Car insurance costs an average of $1,765 per year, according to a 2024 report by AAA. That said, the cost of your insurance premium is determined by several factors, so it may be higher or lower than average. Here's what you should know about how much car insurance costs and what can impact your policy premiums. How Much Does Car Insurance Cost? The cost of a policy that sets you back $1,765 per year breaks down to about $147 per month, though car insurers tend to offer discounts if you pay your policy premium in full instead of in monthly increments. The average is based on a full coverage policy for someone under the age of 65 with more than six years of driving experience, no accidents and who lives in the city or suburbs. Depending on where you live, how long you've been driving, how much you drive, your age and gender and several other factors, the premium you're charged may be very different. ...