How much is car insurance per month?

Compare Cheap Car Insurance Quotes

 Secured with SHA-256 Encryption

Tonya Sisler has a Bachelor’s Degree from the University of South Carolina in Journalism and has worked for 15+ years in management. She has also completed a proofreading certification and is currently a professional writer.

Full Bio →

Written by

Brad Larson has been in the insurance industry for more than a dozen years. He started out as a claims adjuster for a national carrier. He has since switched to the agency side of the business. Brad is licensed in all P&C lines.

Full Bio →

Reviewed by Brad Larsen
Licensed Auto Insurance Agent

UPDATED: Mar 13, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right cheap car insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Car insurance comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.

Car insurance is part of owning a car and the first question many people ask is how much is car insurance per month. The answer for how much is car insurance per month depends on a number off factors around your unique profile. Most consumers average between $1,000 to $2,000 annually for auto insurance however you need to remember that car insurance companies base premiums on risk and the higher the risk of an application the higher the rates.

What factors determine how much car insurance is?

There are hundreds of variables in the premium formula and the exact formula changes depending on which car insurance company you choose. Auto insurance companies employ thousands of employees who continually analyze data and look for correlations between behavior and risk. Any time a variable shows indication of adding risk to a driver filing a claim its reviewed. While there are literally hundreds of factors which collectively determine your final premiums, only a few play a significant role. The most important variables which help determine how much car insurance is per month are:

Your Driving Record

Your driving record is extremely important. Good drivers with a clean driving record clear of accidents and tickets pay much less for coverage than drivers who have been involved in a car accident or convicted of moving violations. Most car insurance companies look at the last 3 years history but there are a few who go back 5 years.

Type of Vehicle Insured

Car insurance for a corvette will always be higher than car insurance rates for a Toyota Prius. Vehicles are rated according to replacement value, safety ratings and other factors but generally the more expensive a car the higher the car insurance rates. Sports cars and exotic cars tend to have higher rates also.

Your Credit Score

How you pay your bills can affect your car insurance rates. Most car insurance companies pull a credit check as studies show drivers with poor credit have a higher risk of filing a claim. Some states have banned the use of credit scores for calculating auto insurance rates however there are still ways insurers can compensate for the higher risk. Before applying for auto insurance pull a copy of your credit report and try to fix any errors.

Your Experience

Car insurance for young drivers is substantially more. Once you surpass age 21 or 25 (depending on the insurer) and have at least 5 years of driving experience rats should go down.

Where you live

Car insurance rates vary depending on where you live. Drivers in Michigan can pay 100% more in premiums than drivers in Wyoming for example. The differences in premiums are due to many reasons including insurance laws, accident statistics and more.

Ultimately how much car insurance is per month will depending on your unique profile. The best way to secure the most affordable premiums is to perform a car insurance comparison search. Just like purchasing a new vehicle you need to spend the time, compare providers and choose coverage that offers the best plan for your family.

Compare Car Insurance Rates Today!

Compare Cheap Car Insurance Quotes

Compare quotes from the top car insurance companies and save

 Secured with SHA-256 Encryption