Imagine having to spend money on unforeseen expenses on your car? Maybe your car got vandalized, or you were involved in a collision? Tragic, yeah. This is avoidable if you have good car insurance coverage in place. Insurance protects you from sudden expenses of this nature.
As such, you should get your car protected with several insurance coverage plans available for you. It is also a provision of the law for car owners to have insurance plans across many states in the USA. So, auto insurance is not a waste of money or some frivolity to invest in. It is a necessity.
This begs the question- How much should you spend on auto insurance coverage? The average price of car insurance per month is $65- $200, depending on the auto insurance premium you are signing for. However, you should know that, while there may be a minimum amount of car insurance quote in which car owners are entitled to pay based on an individual’s state of residence, there is no maximum.
Thus, it all depends on your budget. You should select an insurance plan that gives you and your car optimum protection. Best Car Insurance WSA is one sure place to look for an affordable, but a diverse range of insurance coverage plans on all types of cars.
The monthly cost of car insurance
The driver and the condition of their cars have individual roles to play in the average cost of car insurance. Several factors also contribute to the cost and rates of auto insurance. Some of these factors are:
- Age
- Gender
- Driving history
- Level of coverage
- Credit rating
- Type of car you drive
- Location
Age
Insurance companies have different rates for different age brackets. Depending on your insurance plan, married couples and older citizens are usually charged less than young adults and teens.
If you have a teenager on your insurance plan, there is a tendency your insurance rate might double because they are more prone to car accidents. They also have a high probability of being involved in driving mishaps and other road misconduct.
Gender
Gender has its role to play in your insurance rate. Our analysis has shown that men are charged higher for insurance than women. The main reason is that men are more likely to be involved in reckless driving than women. Men have more tendency to over speed, drive under the influence of alcohol, and commit several traffic violations than women. Men also drive costlier cars, which are even more expensive to insure.
Driving history
Your driving history might affect the insurance rate. A driver with no speeding tickets, DUI, and absolutely no incidence of traffic violations gets to enjoy a lower insurance rate than a driver with a questionable driving history.
Level of coverage
The type of insurance coverage plan you buy for a car determines your insurance rate. If you are satisfied with the minimum insurance coverage as required by the state, you will spend less.
You might decide to buy a higher insurance coverage plan to be better protected.
Credit rating
Insurers make use of your credit rating to calculate your insurance rate. A client with good credit would enjoy a low insurance rate.
A client with a poor credit rating would be considered higher because he or she is regarded as a high-risk client.
Type of car
A Bugatti Veyron is going to be charged a higher insurance rate than a saloon car. The more pricey your vehicle is, the more you have to pay for insurance.
Location
One major factor that goes into how much you pay for insurance is where you live. The insurance rates vary from state to state due to legal requirements, traffic congestion, economic conditions, weather, and competition. States like Vermont, Maine, North Dakota, Alaska Washington, and Indiana have the lowest insurance rates.
The monthly cost of car insurance across different states in the USA
The detailed analysis of the average insurance rates across all states in the United States of America are listed in the table below;
| State | Cost Range | Car Insurance Annual Premium Cost | Average Car Insurance Cost per Month |
| Alaska | $285–$2,667 | $934.58 | $77.88 |
| Alabama | $312–$3,699 | $1,061.37 | $88.45 |
| Arkansas | $251–$4,096 | $1,259.55 | $104.96 |
| Arizona | $446–$7,819 | $1,683.31 | $140.28 |
| California | $310–$7,101 | $1,764.72 | $147.06 |
| Colorado | $205–$4,418 | $1,490.18 | $124.18 |
| Connecticut | $615–$6,069 | $1,758.12 | $146.51 |
| Delaware | $221–$6,819 | $1,464.92 | $122.08 |
| Florida | $627–$6,543 | $2,297.81 | $191.48 |
| Georgia | $381–$7,584 | $1,573.82 | $131.15 |
| Hawaii | $320–$2,070 | $851.80 | $70.98 |
| Iowa | $162–$2,134 | $790.84 | $65.90 |
| Idaho | $196–$2,149 | $761.43 | $63.45 |
| Illinois | $269–$6,268 | $1,318.54 | $109.88 |
| Indiana | $179–$5,710 | $1,019.20 | $84.93 |
| Kansas | $210–$6,094 | $1,317.93 | $109.83 |
| Kentucky | $262–$4,892 | $1,324.80 | $110.40 |
| Louisiana | $650–$7,039 | $2,084.76 | $173.73 |
| Massachusetts | $215–$2,926 | $1,263.98 | $105.33 |
| Maryland | $508–$7,338 | $2,283.76 | $190.31 |
| Maine | $143–$2,680 | $799.61 | $66.63 |
| Michigan | $326–$6,922 | $2,116.98 | $176.42 |
| Minnesota | $409–$4,436 | $1,605.27 | $133.77 |
| Missouri | $191–$4,496 | $1,275.46 | $106.29 |
| Mississippi | $249–$3,428 | $1,236.67 | $103.06 |
| Montana | $144–$6,329 | $1,079.49 | $89.96 |
| North Carolina | $295–$1,882 | $949.51 | $79.13 |
| North Dakota | $163–$4,150 | $904.31 | $75.36 |
| Nebraska | $199–$2,556 | $904.51 | $75.38 |
| New Hampshire | $328–$4,033 | $1,144.71 | $95.39 |
| New Jersey | $381–$5,515 | $1,816.61 | $151.38 |
| New Mexico | $224–$2,546 | $1,023.25 | $85.27 |
| Nevada | $205–$6,229 | $1,626.39 | $135.53 |
| New York | $204–$7,329 | $1,911.71 | $159.31 |
| Ohio | $209–$4,780 | $929.16 | $77.43 |
| Oklahoma | $280–$5,293 | $1,364.11 | $113.68 |
| Oregon | $324–$4,326 | $1,177.60 | $98.13 |
| Pennsylvania | $210–$7,021 | $1,590.88 | $132.57 |
| Rhode Island | $611–$4,618 | $1,919.50 | $159.96 |
| South Carolina | $312–$5,373 | $1,346.92 | $112.24 |
| South Dakota | $214–$2,896 | $1,245.76 | $103.81 |
| Tennessee | $266–$3,438 | $1,136.87 | $94.74 |
| Texas | $316–$4,190 | $1,464.02 | $122.00 |
| Utah | $238–$3,358 | $1,136.70 | $94.73 |
| Virginia | $283–$4,323 | $1,154.30 | $96.19 |
| Vermont | $379–$2,679 | $1,114.33 | $92.86 |
| Washington | $293–$3,023 | $1,133.42 | $94.45 |
| Wisconsin | $162–$3,609 | $1,021.02 | $85.08 |
| West Virginia | $280–$3,387 | $1,093.04 | $91.09 |
| Wyoming | $198–$3,035 | $1,113.90 | $92.83 |
Different insurance companies also offer different auto insurance coverages and rates. USAA offers the cheapest premium while Traveler has the most expensive insurance plans.
Details of the average insurance rates of the top insurance companies in the United States of America are shown on the table below;
| Insurance company | Insurance rate per annum | The average insurance rate per month |
| USAA | $885 | $73.75 |
| GEICO | $1168 | $97.33 |
| STATE FARM | $1234 | $102.83 |
| Travelers | $1267 | $105.58 |
| Progressive | $1373 | $114.41 |
| American Family | $1391 | $115.91 |
| Farmers | $1682 | $140.17 |
| Nationwide | $1864 | $155.33 |
| Allstate | $1880 | $156.67 |
Conclusion
The monthly price of insurance is a cumulative result of several factors such as age, gender, type of cars, driving record, and location.
To get the perfect deal on your car insurance plans, you have to carefully compare the different insurance rates and policies and determine which of the insurance companies would fit you.
Different insurance firms like Best Car Insurance WSA, GEICO, and State Farm give discounts to select customers, and you might be a lucky winner.