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Here's data on average monthly car insurance costs from 2023, based on Motley Fool Money research: Average cost for drivers with good credit: $162. Average cost for drivers with poor credit: $345.
Average monthly cost of owning a car. ... The average cost of full coverage car insurance in 2024 is $2,545 per year, although your premium may vary based on where you live, ...
5 states with the highest car insurance rates as of Sept. 1, 2024. In August, Maryland had the highest overall average insurance costs, at $258 per month — a $10 increase from the July average.
Raise your deductible from $500 to $1,000 on your comprehensive coverage to lower your monthly premiums even further. ... Average cost of car insurance, Bankrate. Accessed January 28, 2025.
The average American paid $251 per month for car insurance in 2023. But if you live in one of the most expensive states for car insurance, you could pay anywhere from $104 to $522 per month ...
According to Bankrate’s 2025 True Cost of Auto Insurance report, the average cost of a full coverage car insurance policy went up $625 — or $26 per month — from January 2023 to January 2025 ...
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