Annual Minimum Coverage Cost.

Average auto insurance rates by state and age. New drivers not only pay more for car insurance than other drivers but a lot more. Young females are thought to be safer drivers than their male counterparts according to the statistics gathered by insurance companies but. According to Bankrates 2021 study on average annual premiums the average cost of full-coverage car insurance for 60-year old drivers is 1544 annually.

This has to do with how insurance companies assign risk to drivers of varying ages. Whats the Average Cost of Car Insurance in the US. Most drivers pay in the range of 1300 to 1800 annually.

1502 annually and 751 per six months that was the average price in the United States as of December 2019up from 1469 annually and 735 per six months during March of the same year. New and teenage drivers. 2769 females 3195 males.

Louisiana is now the king of expensive car insurance moving into first place this year as Michigan the most expensive state for seven years in a row slips into second although there is a bit of a technicality. In our study of car insurance rates from the five largest insurers across all 50 states and. At the age of 25 the drivers average rate is less than half of the lowest rate.

Auto insurance rates by. Average price per car. If you look at the chart below a 20-year-old male driver will pay 1129 per year for standard minimum liability coverage.

As you can see the average car insurance rate in relation to age goes down very quickly for our example driver. Car insurance rates by age. Average Car Insurance Rates by Age and Gender The average insurance premium for a 19 year old male in 2016 was 2154.