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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
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.
Indeed, one driver on an older MyFico post reported their premium dropped from $450 to $260 per month after their credit score increased 100 points over three years, while keeping the same ...
The national average car insurance rate is $2,638 per year for full coverage. This is up 31 percent from January 2023, when the average rate was $2,013. This is up 31 percent from January 2023 ...
However, if the 2023 data is any indicator, rates are on the rise. In January 2023, the national average cost of a full coverage car insurance policy was $2,014 per year. Minimum coverage averaged ...
You hope you'll never need to use it, but car insurance is required in almost every state. New Hampshire is the only exception to this rule, but drivers who opt out of coverage are required to ...
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