Car Insurance Monthly Cost For New Drivers
State minimum what you need to drive a car legally in your state.
Car insurance monthly cost for new drivers. Liability car insurance 50000 limit to cover bodily injury you cause to others in an accident up to 100000 per accident with 50000 to pay for damage you cause to another car or property. Car insurance for new drivers. 1000 collision and 500 comprehensive. Each state has specific requirements for the type and amount of car insurance coverage that drivers must carry.
The less urban an area in which you live the less you will pay. Thats more than 5000 over the national average for drivers age 30. Using the ratesca car insurance calculator for a married male aged 38 in toronto who just recently got his drivers license this year and who drives a 2009 model toyota corolla we were able to get quotes averaging 5092 a year in premiums assuming the driver is claims free. We researched average auto insurance costs based on various driver profiles and rates fielded from up to six major car insurance companies in every state.
How much is car insurance. The slower and more solid your car is think volvo not ferrari the less money you will probably pay. For example some states require drivers to purchase 100000 worth of liability coverage per accident while others require just 20000 or 30000 of liability coverage. If youre a new driver with a perfect credit history your rate can be as much as 35 less than a new driver with a less than perfect credit history.
For 2017 the average monthly car insurance prices at progressive ranged from 116 in south dakota to 188 in california. Our quick guide will give you the lowdown on why this is and how to keep your premium down where possible. Credit scores and car insurance rates for example an 800 credit score new driver will likely pay less than a 500 credit score seasoned driver with a speeding ticket but not if the 800 credit score driver is a 19 year old male. A good average yearly insurance quote would be around1500 for a male driver and around 1200 for a female driver and thats just when you are added to your parents policy.
The average cost of a car insurance policy is 937 per year or 78 per month when averaged across states for our sample driver with a policy that meets the minimum requirements of each state. How much your car insurance costs depends on a variety of factors including vehicle age driving record insurance company you buy from and location. Car insurance for a 16 year old driver is close to 7000 on average for a year of full coverage on their own policy. Theres no escaping insurance and unfortunately new drivers will have trouble escaping high premiums.