A car insurance with liability coverage may be required in most states before you can even put your hands on the wheel. The average monthly cost of car insurance depends on several factors which all accounts to the level of risk a certain driver is exposed to. This includes the type of car, geographical location, and the driver’s age, gender, credit, and driving history. And it wouldn’t take a very long explanation why either one of these can make your monthly premium soar sky-high or be as low as your magazine subscription. Car insurance for teens can be more expensive than for adults due to higher risk factors. 
Factors that Affect Cost
The cost of car insurance may largely depend on the information provided by the driver about himself. It is a fact that the younger the driver is, the more chances of him getting into an accident. Older drivers tend to be more cautious when driving. This is not only an assumptive generalization but is also a fact supported by the high number of teenager-related car accidents per year. Gender is also a factor. Note that these factors are not made-up postulations but are factual possibilities derived by insurance companies from historical data based on claims classified into different categories, stretching of up to twenty years. Your credit worthiness also matters, and your driving history and your likelihood to get into an accident is something that insurance companies would probably first ask about. Just like when you are applying for a credit card, a loan or a mortgage. They will be checking if you are a good investment or a bad one, or if your risk level is just too high. It’s a possibility that they may refuse to provide you the insurance you are asking for. But in most cases, you’ll just have to pay a higher premium than everyone else. Your risk level is classified into three categories, namely: preferred, standard or non standard (a business euphemism to mean that you are high-risk).
The type of car that you are driving will also be evaluated for crash worthiness, safety features, cost to repair, age and even its popularity to thieves. Some models are recorded to have experienced more collision than others. So when you are still looking for a good car, try to search for the model with the least likelihood of getting into an accident. Yes, it would always depend on the driver if he consistently drives inebriated or prefers to just get a taxi when he has had too much to drink. But the car model’s safety feature can also be accounted for. The age of the car may indicate a higher possibility of engine malfunction, and one thing leads to another. Some cars have greater propensity of attracting thieves than others, and if your car is one on the list, you might as well prepare yourself for a higher premium.
The usual usage of the car is also one thing that tells the same story, if your car is used for pleasure, e.g. to visit grandma on the countryside or to go to the Grand Canyon every spring, expect a lower premium. Cars used for business, on the other hand, may require a higher premium. This is because the higher the mileage your car takes a year, the higher the risk of it getting into an accident. As you may have noticed by now, it’s all about the risk.
Types of Coverage
Liability coverage comes as a default feature to any car insurance. It’s the part of it that allows you to make amends and, so to speak, bury the hatchet with someone’s garden gnome. Comprehensive and collision coverage can come as an add on which may result to you paying a higher premium, and like any other insurance, you can always go ala carte with it.
The estimated cost of car insurance can go up to $150 a month with a clean driving history for a multi-car family; the cost for an individual car insurance which the same risk level may cost as low as $50. The state with the lowest average car insurance cost is Illinois while New York is the most costly. On that note, we can all leave it as self-explanatory.
Find the average cost of car insurance in your area by entering your zip code in the box above. Your monthly premiums will be different than your neighbors but now that you understand some of the factors that come into determining the average car insurance cost, you’ll be able to be a more informed consumer.
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