* Location: Insurance rates differ significantly by state and even by zip code within a state. Areas with high accident rates or crime will have higher premiums.
* Driving Record: A clean driving record will result in much lower rates than one with accidents, tickets, or suspensions.
* Type of Car: Insuring a sports car or a high-performance vehicle is considerably more expensive than insuring a smaller, less powerful car.
* Coverage: The level of coverage chosen (liability only, comprehensive, collision, etc.) significantly impacts the cost. Higher coverage levels mean higher premiums.
* Gender: Statistically, male drivers, particularly young male drivers, tend to pay more than female drivers.
* Credit Score: In many states, credit score is a factor in determining insurance rates.
* Discounts: Good student discounts, safe driver discounts, and bundling insurance policies can lower the cost.
While it's impossible to give an average, expect that 18-year-olds typically pay significantly more than older, more experienced drivers. You could easily see premiums ranging from a few hundred dollars a month to over a thousand dollars a month, depending on the factors listed above. To get an accurate estimate, it's best to get quotes from multiple insurance companies in your area.
