According to financial comparison site Bankrate, the average cost of car insurance is $1,674 per year for full coverage. If you choose to go with minimum coverage then the average cost is $565 per year. As you most likely assumed, a speeding ticket, accident or DUI will cause those figures to jump. Even if you have a spotless driving record, you may have seen your premiums increase. The cost of insurance has been on the rise in recent years, jumping by 5% between 2017 and 2018.
Insurance costs vary by where you live, what you drive, how many miles you drive and so much more. Despite all the variability, there are a few things you can do to keep your car insurance costs down. Follow these tips and tricks and you’ll be well on your way to getting the lowest rate on auto insurance.