Having car insurance is very beneficial for a car owner. The insurance of your car is usually included in your monthly payment (if you bought it straight from the company, first hand). For instance, you got involved in a car accident and your car got damaged, if your car is still in the period stated in the insurance policy contract, the insurance company will shoulder the repair. The price shouldered by the car insurance company is usually limited to $500,000. One of the questions car owners commonly ask is how much does a car insurance cost per month.
There are no specific prices regarding this. When you apply for car insurance, the average of the cost handed by car insurance holders every year is calculated by adding altogether the costs every insurance holder divided altogether. Several factors affect the cost an individual pays for their car insurance.
First thing that affects a car insurance cost per month is the location of the holder. The city level inflicts a great value to the insurance you pay for every month. For example, if the town you're currently living at has damaged and unattended roads, and are usually accident prone areas, you have a larger amount to cash out every month. If the area you're residing at will expose your car into less damages and accidents, the cost of it is lower.
One thing about the location of the car insurance holder is that the economic state of the city affects the cost you will have to pay every month. As of now, New York charges the highest cost while Illinois is the lowest. New York charges their car insurance holders $204 every month on average. Illinois, on the other hand, charges their car insurance holders only $92, which is more than half of New York.
Another factor that can tell the car insurance cost per month is the driving history of the car insurance holder. If your driving records show negative remarks regarding your driving abilities and experiences, the car insurance company will assume that you need more funds for the maintenance of your vehicle. Thus, they'll be charging you more. On the other hand, if you have clean records with regards to your driving, the insurance company will more or less charge you with the average cost.
Age of the driver or the car insurance holder is another factor that can determine the car insurance cost per month. Older drivers, usually the retired and the senior citizens, are charged less compared to those of younger age. The explanation behind this is that younger drivers are more reckless and are more prone to accidents. Because of that, the insurance company will have to spend more on the repair.
Check also the type of car you're driving. This is also a factor that affects the car insurance cost per month. Sports and luxury cars are charged way more than average. Sports cars are more prone to an accident that's why the insurance companies heighten the charges.
Author Resource:
When you are looking for car insurance cost per month , make sure to read thin line between the quotes.You might find it informative to visit carinsurancemenu.com .
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")