Nationwide, drivers spent an average of 3.41% of their income on car insurance premiums. In some states, though, it was a lot more: Insurance at up 4.91% in Nevada, 5.01% in Michigan and 5.69% in Florida, Louisiana motorists with full coverage spent 6.53% of their paycheck on insurance,...
How does driving record impact the cost of car insurance? Drivers with a single at-fault accident on their driving record pay 44 percent more for car insurance on average compared to drivers with a clean driving record. This average increase is even higher for drivers with a DUI conviction, ...
On average, drivers aged 50-59 pay the least for car insurance The average rate increase for an at-fault accident is about $56 per month Which car insurance companies have the lowest monthly rates? As part of our car insurance rate analysis, we compared premiums from some of America's bes...
Back in 1985, as I was cutting my teeth in the car business, there was a lot of hand-wringing over the rising age of vehicles, and folks thought that the trend would have to reverse soon because Americans would get tired driving these old clunk...