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The cost of car insurance fluctuates wildly from one state to another. The highest-cost state for car insurance in 2023 was Michigan, with an average annual car insurance premium of $5,766.
In fact, according to Insurify, the cost of the average auto insurance policy increased by 24% in 2023, and is expected to rise by another 22% by the end of this year. In certain states, the 2024 ...
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 ...
In January 2023, the national average cost of a full coverage car insurance policy was $2,014 per year. Minimum coverage averaged $622 per year. Minimum coverage averaged $622 per year.
The first two numbers mean that your insurance helps pay up to $25,000 in bodily injury per person and $50,000 in total bodily injury per accident to cover medical costs for others involved in an ...
It's more important than ever with the average American spending $1,775 annually on car insurance, according to Motley Fool Money's research on the cost of car ownership.
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