On top of your age, many companies consider your gender in setting your car insurance price. Our analysis found that starting at age 20, men pay higher average insurance rates. By age 30, women and men pay almost equal rates, but the price gap never truly closes. Across all age groups,...
Dive into the data below to see how age, gender, location and type of vehicle can affect your auto insurance rate. Key Takeaways: Car insurance costs an average of $147 per month or $1,759 per year At $114 a month, USAA is the cheapest insurance provider on average On average, ...
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,...
, and that conviction may stay on your driving record for 10 years or more. The amount surcharged will also vary in each state. For example, theaverage cost of car insurance after a DUIfor a full coverage policy is $2,184 per year in Idaho, but around $7,471 per year in Michigan....
Property values and crime rates are other aspects that factor into average home insurance rates in your area. Deductible rate The higher your deductible amount, the lower your average premiums are likely to be. Just keep in mind that a higher deductible means you'll have to pay more out ...
This rate increase trend is similar to the previous year, according toS&P Global, which showed that homeowners insurance costs increased by 11.3% in 2023. How To Save Money on Homeowners Insurance While you have little control over some factors, such as your home’s location or age, there ar...
Well, if you live in Michigan and you have to drive 300 miles every day in the winter, don’t buy an EV. There are plenty of other options out there. But most Americans live somewhere else, mostly somewhere not too far from the coasts, alo...
A local car dealership in Southeast Michigan has racked up a slew of violations, leading to the car shop's license being suspended, the Michigan Secretary of State said. The state agency said the Carvana outlet in Novi failed to maintain proper vehicle record...
To find the average homeowners insurance cost by city, we analyzed premiums from over a dozen carriers in 67 of the largest metropolitan areas in the U.S. To ensure we were providing homeowners with meaningful insights, we calculated each city's average annual and monthly rate, and broke down...
August of 2016 marked our 15th wedding anniversary and we took a trip to Michigan in the fall to celebrate. At the same time we found ourselves beginning to grieve a loss. As we walked the beach, we began collecting these beautiful stones, which quickly became a conversation piece. As we...