AUTO INSURANCE ARTICLE
What Is The Average Cost Of Car Insurance?
By: RoryFAccording to Consumer Price Index, the average cost of car insurance in the United States is $1,780.00 annually. The average for October was $1,655.00. That is 11.25% higher than the 2008 national average. To compare the average state by state you can visit www.carinsurance.com.
What factors should you consider when asking the question;"What is the average cost of car insurance?"
There are many factors that affect the cost of car insurance. Of course, young drivers, because of their lack of experience and other risk factors will always pay a higher premium for car insurance. Young male drivers, under the age of 25, will pay the highest premiums simply because they represent the most risk to insurance companies. Because of higher payouts for injuries and loss of property, the insurance companies must take that into consideration when quoting prices for this age group and gender.
Female drivers under the age of 25 will pay a rate that is somewhat lower that a male of the same age due to the fact that most young females do not take the same amount of risks that a male driver would.
Other factors to consider to answer the question; "What is the average cost of car insurance?"
A person that is under 25 and married will also receive a lower rate quote, because they will be considered a lower risk than an unmarried person. The state you live in will affect the premium you will pay also. Your driving record, your credit score, the demographics of your neighborhood, the mileage that you drive, the type of vehicle that you drive, will all be taken into consideration when getting a quote.
To find out more answers to the question; "What is the average cost of car insurance" or to get a quote, you can go to your states Department of Insurance or Carinsurance.com.
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