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March 2016

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What is The Average Monthly Cost for Car Insurance?

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Faq - What is The Average Monthly Cost for Car Insurance?

What is The Average Monthly Cost for Car Insurance?

Today we are going to talk about what the average cost of auto insurance, this is a really tricky question because it’s affected by a few factors.

  • Factor number one, where you live,  the city versus the rural areas. That’s going to make a big difference because obviously if you’re in the city you have more cars around you. The chances of becoming involved in an accident are greater and so the insurance will be higher. 
  • Fact number two,  how far you drive to work.  Someone who drives more hours has a high accident risk compared to  somebody who’s driving lesser miles per day.  
  • Fact number three, Value the vehicle. This makes a big difference when you have a 1972 Datsun pick up truck or you have a 2011 Mercedes. You’re going to pay a lot more for the Mercedes because of the value of the vehicle.
  • Fact number four, your driving history. If you have no accidents and you have a squeaky clean record  for three years, your cost of insurance will not be as high as that of someone who has a bad driving history.

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