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Here's data on average monthly car insurance costs from 2023, based on Motley Fool Money research: ... but only about $2.16 more per month, on average. 4. Driver's state of residence.
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 ...
Maryland drivers pay the most for full-coverage car insurance, with an average monthly cost of about $283. ... Washington, D.C. Average annual cost ... between state-minimum requirements and ...
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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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