Average Cost Of Car Insurance 2024
Average Cost Of Car Insurance 2024. In fact, according to a report from bankrate, the average annual premium of full coverage auto insurance rose to $2,543 in 2024 — up 26% from the previous year. That means that the average driver pays $1,638 a year for full coverage and $617 a year.
Full coverage car insurance costs an average of $2,314 per year, while minimum coverage is $644 per year. Average cost of car insurance in your state.
Average Cost Of Car Insurance By Company.
Key insights from bankrate's 2024 car insurance cost analysis:
What Is The Average Cost Of Car Insurance?
Average car insurance cost per month:
On Average, A Car Insurance Policy Costs.
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Discover How Rates Vary By Driver Age, Profile And Geographic Location.
The average annual cost of car insurance for good drivers was $2,118 for full coverage and $591 for minimum coverage, according to data from quadrant.
Learn More About The Average Cost Of Car.
Rates for young drivers are also more sensitive to changes in credit scores.