? How Much Does Car Insurance Cost
The cost of car insurance depends on several factors. You will be surprised to see that two people having the same coverage have different total costs of their premiums, even if they came from the same insurance company. On average, the monthly cost of the car insurance in 2010 was $907.38, taken from the National Association of Insurance Commissioners. This is just the average - the cost varies from one state to another. Not all types of coverage are included in the average cost, so it may not be the actual amount you are going to pay when you apply for a car insurance.
Age Factor For Car Insurance Cost
Another factor that greatly affects the total monthly insurance cost an individual will get is age. Numerous data suggest that young drivers are highly prone to car accidents than most age groups. This is the reason why insurance companies charge higher rates to young drivers. The average annual cost of car insurance given to young drivers at age 16 is around $8,000, followed by $6,500 at age 18. It goes lower as the age gets higher.