* Location: Insurance rates are significantly different state by state, and even city by city, due to things like accident rates, crime rates, and the cost of repairs.
* Age and driving history of drivers: Younger drivers and those with accidents or traffic violations pay much more.
* Type of cars: The make, model, and year of the vehicles affect insurance costs; expensive cars or those prone to theft are more expensive to insure.
* Coverage levels: The amount of liability, collision, and comprehensive coverage chosen drastically impacts the premium. Higher coverage means higher premiums.
* Credit score: In many states, credit history is a factor in determining insurance rates.
* Deductibles: Higher deductibles (the amount you pay out-of-pocket before insurance kicks in) generally lead to lower premiums.
While you can find average *national* figures from various sources, they'll be quite broad and may not accurately reflect your specific situation. To get an accurate estimate, you need to get quotes from several insurance companies in your area, providing them with all the relevant details about your family's cars and driving history. Online comparison tools can be helpful for this.
Expect to pay anywhere from a few hundred dollars to well over $2000 per year, per car, depending on the factors listed above. For two cars, that could easily range from $1000 to over $4000 annually.
