What is the average cost of car insurance by age and state per month? This question is about Average Car Insurance Rates By Age and State

The average cost of car insurance by age and state ranges from $23 per month for 45-year-olds in Wyoming to $609 per month for 16-year-olds in New York. Monthly car insurance costs vary so widely based on a driver’s age and state because age reflects driving experience and states require different levels of coverage. State-to-state car insurance costs also vary based on population density, crime rates, and how many uninsured drivers there are. Average Monthly Cost of Car Insurance by Age and State 10 Most Populous States Age 16 Age 25 Age 45 Age 65 California $237 $87 $70 $71 Texas $324 $80 $65 $67 Florida $283 $78 $68 $66 New York $609 $182 $152 $159 Pennsylvania $174 $49 $42 $41 Illinois $302 $70 $55 $56 Ohio $176 $43 $35 $36 Georgia $410 $114 $91 $96 North Carolina $134 $43 $40 $39 Michigan $542 $172 $159 $160 To get information for other states, just click here. In general, young drivers pay more for car insurance than older, more experienced drivers because young drivers are more likely to take risks—making them more expensive to insure. To learn more, check out WalletHub’s guide to the factors that affect car insurance rates.

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What is the average cost of car insurance by age and state per month?

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This question is about Average Car Insurance Rates By Age and State

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Leif Olson, Car Insurance Writer

@leif_olson_1 • 09/29/22 This answer was first published on 02/08/22 and it was last updated on 09/29/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The average cost of car insurance by age and state ranges from $23 per month for 45-year-olds in Wyoming to $609 per month for 16-year-olds in New York. Monthly car insurance costs vary so widely based on a driver’s age and state because age reflects driving experience and states require different levels of coverage. State-to-state car insurance costs also vary based on population density, crime rates, and how many uninsured drivers there are.

Average Monthly Cost of Car Insurance by Age and State

10 Most Populous States	Age 16	Age 25	Age 45	Age 65
California	$237	$87	$70	$71
Texas	$324	$80	$65	$67
Florida	$283	$78	$68	$66
New York	$609	$182	$152	$159
Pennsylvania	$174	$49	$42	$41
Illinois	$302	$70	$55	$56
Ohio	$176	$43	$35	$36
Georgia	$410	$114	$91	$96
North Carolina	$134	$43	$40	$39
Michigan	$542	$172	$159	$160

To get information for other states, just click here.

In general, young drivers pay more for car insurance than older, more experienced drivers because young drivers are more likely to take risks—making them more expensive to insure. To learn more, check out WalletHub’s guide to the factors that affect car insurance rates.

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How much is car insurance monthly?

Car insurance costs $60 per month, on average, for a minimum coverage policy, although individual rates might vary. Full coverage car insurance is more expensive because it also pays to repair or replace your car after it is damaged by a crash or something other than an accident, like vandalism.

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Average Price of Car Insurance per Month

Driver’s Age	Average Monthly Premium
16 years old	$278
25 years old	$72
45 years old	$60
65 years old	$61

Note: Premiums reflect minimum coverage.

The cost of car insurance varies by person, since insurers take individual risk factors into account when calculating premiums. For instance, insurance companies consider factors like the policyholder’s age and driving record, as well as their ZIP code and the covered vehicle’s make and model. As a result, the average monthly cost of car insurance will depend on the driver, the car, the location, and the amount of coverage purchased.

For more information, check out WalletHub’s guide to the average cost of car insurance.

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Which age group pays the most for car insurance?

The age group that pays the most for car insurance is 16-19 years old. For example, 16-year-olds pay an average of $3,343 per year for minimum car insurance coverage, which is more than four times higher than what the average driver overall pays per year.

Age Groups That Spend the Most on Car Insurance ... read full answer

Ages	Average Annual Premium
16-19	$2,580
20-25	$1,152
35	$739
45	$716
55	$684
65	$734

Teenagers pay the most for car insurance because they are the riskiest age group to insure. Statistically, teenagers are more likely to get into car accidents than older drivers with more experience, so insurance companies charge more to cover them.

The good news is that teenagers can lower their premiums by taking advantage of good student discounts and defensive driving courses, and by practicing safe driving techniques.

To learn more, check out WalletHub’s guide to average car insurance rates by age.

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Is $100 a month for car insurance expensive?

No, $100 a month for car insurance is not expensive. The average cost of car insurance ranges from about $60 per month for state-minimum coverage to $166 per month for full coverage, and individual car insurance rates vary depending on several other factors including your driving record, age and location.

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Average Cost of Car Insurance by Company

Company	Monthly Cost for Minimum Coverage	Monthly Cost for Full Coverage
Geico	$42	$139
AAA	$48	$177
USAA	$52	$166
Progressive	$54	$168
Travelers	$57	$199
Liberty Mutual	$73	$229
State Farm	$76	$218

Average monthly premiums reflect nationwide quotes for a 45-year-old driver with a clean driving record.

As you can see, $100 per month is inexpensive for full coverage from a major car insurance company, but it’s not the cheapest for state-minimum coverage.

To learn more, check out WalletHub’s guide to the cheapest car insurance companies.

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