average car insurance
Car Insurance and Your Credit Score
Recommendations The national cost of an auto premium in 2003 was determined by the National Association of Commissioners (NAIC) to be $939. While we were unable to find a breakdown of the nationwide statistics on the average price of motor vehicle insurance by age groups,On average, a 16 year old can expect to pay 2.52 times the base rate for their insurance. So if your parents pay $500 for a year of insurance, then a 16 year old can expect to pay $1260 for a year of insurance.
This question was asked on 12/3/2006 Cee Cee requested this solution.The average cost of automobile insurance declined by 1.7 percent in 2006, . A car year is equal to 365 days of insured coverage for a single vehicle. The NAIC does not rank state average expenditures and does not endorse any conclusion drawn from these data.
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