Car insurance premiums have risen across the country, and Massachusetts is no exception. Drivers in the state pay an average of $1,832 for full coverage and $483 for minimum coverage per year. While that’s still below the national average of $2,458 and $678, respectively, per year, you...
According to Bankrate’s analysis of annual premiums from Quadrant Information Services, the average cost of car insurance in the U.S. is $2,638 per year. Minimum coverage, on the other hand, has an average annual cost of $767. However, car insurance rates can be quite different even for...
We found that car insurance for 16-year-olds costs an average of $342 per month ($4,105 per year) if you add a 16-year-old to an existing full-coverage policy, or $565 per month ($6,779 per year) for standalone coverage. Car insurance costs 16-year-olds much more than most ol...
If you don’t have a car payment, you might include less for transportation in your monthly expense budget. On the other hand, an older car might need a higher budget to cover the costs of maintenance. Also, most car insurance plans let you save money if you pay for a full six months...
Data from the Insurance Institute of Highway Safety shows that the larger the car, the lower the driver death rate. Type of vehicleSizeRate of driver deaths per million registered passenger vehicles 1-3 years old in 2022 CarsMini114
More expensive vehicles typically have higher car payments, but there are other factors that impact your monthly payment, like the loan term and the down payment. Average Monthly Car Payment As of July 2022, the average monthly car payment is at a record high of $733. That's pretty exp...
Theaverage cost of homeowners insurance in the U.S. is $1,754 per year, or $146 a month, according to a 2023 Policygenius analysis of home insurance premiums in every U.S. state and ZIP code. Keep in mind that this is just an estimate. Your actual homeowners insurance rates will depe...
Elizabeth Rivelli is a freelance writer with more than three years of experience covering personal finance and insurance. She has extensive knowledge of various insurance lines, including car insurance and property insurance. Her byline has appeared in dozens of online finance publications, like The ...
Car Depreciation: $326 Does Uber Pay for Gas? Historically, Uber has not paid for drivers’ gas costs. However, in March 2022, Uber announced it would temporarily levy a surcharge on passengers to help pay for drivers’ gas costs!
This is up from 3.4 years in Q2 2023 and 3.2 years in Q2 2022. Luxury cars are notorious for losing value much more quickly than their mundane marque counterparts. The Mercedes EQS, for example, is the perfect recipe for this depreciation example—not only is it a luxury car, but it's...