Why Is Car Insurance So Expensive For New Drivers

How much will car insurance cost me?

The average driver will pay less than $50 a month for minimum coverage, about $55 for standard liability coverage and nearly $150 a month for full coverage. Many factors affect how much you pay for car insurance, but chief among them is how much coverage you buy.

Why is my car insurance so high?

If you've ever driven without car insurance, that's a gap in coverage. When you shop for a new policy you'll likely get dinged by higher rates. You've had moving violations. Speeding tickets, reckless driving, DUIs and other violations typically lead to high insurance rates.

How expensive is car insurance?

According to data from the National Association of Insurance Commissioners (NAIC), the average cost of car insurance rose by five percent between 2017 and 2018, from roughly $1,006 per year to approximately $1,056. This is in line with a trend of rising auto insurance premiums the NAIC has tracked over the past decade:

What is a cheap car insurance?

The cheapest car insurance will often be the minimum coverage required in your state, which in most states is liability insurance. Liability insurance covers property damage and medical bills for others due to accidents you cause. Some states require additional or alternative coverage, such as personal injury protection.

Why Is Car Insurance So Expensive For New Drivers

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