The cost of car insurance continues to rise: In July 2025, the average full coverage policy hit $2,677 a year (or $223 a month), according to Bankrate. That's an increase of about 12% from last ...

The average cost of a full-coverage car insurance policy hit $2,543 in February 2024, or $212 per month. A minimum coverage policy averaged $740 per year, or about $62 per month. By October 2024 ...

Bankrate’s 2025 True Cost of Auto Insurance report found that on average, Americans spend 3.39 percent of their household income on full coverage car insurance, with some states like Louisiana ...

Car insurance is a fortune in Miami, which has a population of over 450,000. This location is known to be dangerous for drivers, and part of the problem is heavy congestion.

The average cost of car insurance is $193 per month for full coverage and $102 per month for liability-only coverage, but many major insurers offer cheaper average rates.

Your car insurance group has a big effect on the cost of your insurance. Insurance group 1 cars tend to have the lowest premiums, while group 50 cars typically have the highest.

Michigan had the highest average annual car insurance premium in 2023: $5,766. That comes out to $480 a month. Hawaii had the lowest average annual car insurance premium in 2023: $1,619.

Car ownership costs -- including auto insurance -- have increased dramatically in recent years. According to Motley Fool Money research, the average cost of car ownership was $12,078 in 2023.

The average cost of car ownership is around $12,000. The Bureau of Labor Statistics found that Americans spent $12,078 on car ownership costs in 2023, while AAA estimates that in 2024, Americans ...