Average Car Insurance Premiums

\r\nAuto insurance premiums are based on what coverage you purchase. You can choose liability only or full coverage. Full coverage comes with many options that can add to the premium."} 4f:{"type":"p","text":"According to U.S. News, the average annual cost of car insurance in the United States is $2,524 per year. But this number only tells you part of the story. Each state has a different rate."} 50:{"type":"p","text":"For example, the average annual premium in Wyoming is $1,357 while the average premium in Louisiana is $3,860. California falls near the national average with a $2,479 average premium."} 51:{"type":"p","text":"Keep in mind these are averages. There are multiple factors that can influence the true cost.\r\n

Age Affects Car Insurance Premium

\r\nAge affects the premium cost. According to Lending Tree, an 18-year-old purchasing full coverage will pay, on average, $497 per month, while a 30-year-old will pay $177 per month. The difference is because insurers see young drivers as high risk due to their lack of experience behind the wheel.\r\n

Driving Record Impacts Premium

\r\nA speeding ticket can also inflate the premium. The cost of insurance can increase by 24 percent if the driver has a ticket."} 52:{"type":"p","text":"Drivers with an at-fault accident on their records pay 50 percent more than the average driver with a clean driving record."} 53:{"type":"p","text":"A DUI (driving under the influence) conviction will inflate a premium. If you have a DUI conviction, plan on paying 86 percent more for insurnce than a driver with a clean driving record. A DUI stays on your insurance record for three to five years. You’ll probably be paying the higher rate the entire time.\r\n

Bad Credit Score Impacts Premium

\r\nYour credit score can also impact your car insurance premium. Drivers with poor credit pay, on average, 95 percent more than those with good credit for the same insurance policy. So, the incentive is there to maintain a strong credit

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