How much should I spend a month on car insurance?

The national average cost of car insurance is $1,630 per year, according to NerdWallet's 2022 rate analysis. That works out to an average car insurance rate of about $136 per month.

How much does car insurance cost and how can you lower your rates

How much insurance do you pay for a car?

The national average cost of car insurance is $1,630 per year, according to NerdWallet's 2022 rate analysis. That works out to an average car insurance rate of about $136 per month.

How much do you spend on insurance per month?

In 2020, the average national cost for health insurance is $456 for an individual and $1,152 for a family per month. However, costs vary among the wide selection of health plans.

Is it cheaper to pay car insurance monthly or every 6 months?

“Paying your car insurance premium in full every six months will save you money. Depending on the insurance carrier, this could reduce your premium substantially compared to monthly payments.

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