When you buy a car, you should protect that investment by getting car insurance. Car insurance provides you with financial protection in case of an accident or vehicle damaged by theft, vandalism, or a natural disaster. People get auto insurance by paying annual payments to the company; the company then covers all or the majority of the costs related to an accident or other vehicle damage.
Auto insurance is an insurance policy that combines liability, medical, and property risk protection into one package. The insurance company agrees to pay your losses as specified in your policy in return for paying your premium. But the question is that how much does car insurance cost? The car insurance cost varies from country to country or state to state. So, Let’s see how much does it cost to insure a car in America?
Cost To Insure a Car in America?
The national average cost to insure a car in America is $1,771 per year for full coverage, which comes out to just over $148 per month. It may be a little bit vary by state when you actually pay for auto insurance because various factors affect the cost. In the United States, each auto insurance company considers various factors to determine car insurance rates which include age, location, vehicle type, driving history, credit score, and coverage limit.
Cost To Cost To Insure a Car in America by States:
Here is the list of the States With the highest average cost to insure a car and states with the lowest average cost to insure a car in America.
10 States with the Highest Average cost to Insure a Car in America:
| States of America | Average annual cost for full coverage insurance |
| Michigan | Cost: $3,785 per year |
| Connecticut | Cost: $2,999 per year |
| Florida | Cost: $2,947 per year |
| New York | Cost: $2,783 per year |
| Louisiana | Cost: $2,783 per year |
| Massachusetts | Cost: $2,647 per year |
| Delaware | Cost: $2,169 per year |
| Nevada | Cost: $2,149 per year |
| California | Cost: $2,089 per year |
| New Jersey | Cost: $2,037 per year |
10 States with the Lowest Average cost to Insure a Car in America:
| States of America | Average annual cost for full coverage insurance |
| Maine | Cost: $964 per year |
| Ohio | Cost: $1,027 per year |
| Vermont | Cost: $1,056 per year |
| Idaho | Cost: $1,069 per year |
| Virginia | Cost: $1,142 per year |
| Iowa | Cost: $1,181 per year |
| Wisconsin | Cost: $1,219 per year |
| Tennessee | Cost: $1,281 per year |
| Indiana | Cost: $1,332 per year |
| Oregon | Cost: $1,334 per year |
Average Cost to insure a Car in America by Insurance Companies:
| Insurance Companies | Average Monthly Cost | Average Annual Cost |
| USAA | $88 | $1,054 |
| Erie Insurance | $103 | $1,238 |
| Nationwide | $107 | $1,281 |
| GEICO | $109 | $1,308 |
| Auto-Owners Insurance | $111 | $1,337 |
| State Farm | $123 | $1,481 |
| Progressive | $134 | $1,610 |
| American Family | $136 | $1,627 |
| Farmers | $127 | $1,524 |
| Geico | $1,297 | $108 |
