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Over 40% of Americans are overpaying for their auto insurance, costing $37 billion annually
Source: Forbes Advisor Article – Will My Car Insurance Premiums Go Up In 2024?
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Andrew Sinclair
Senior Wealth Advisor at Washington Insurance Group
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James McDonald
Bananaman
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Sally StClair
Sells fish
Average cost of Auto Insurance
BEST FOR MULTI-CAR
4.6
WeCompare Score
Average Rate:
$83/mo
$996/yr
BEST FOR SUVS
4.6
WeCompare Score
Average Rate:
$201/mo
$2412/yr
Best for ???
4.6
WeCompare Score
Average Rate:
$177/mo
$2124/yr
Best for ???
4.6
WeCompare Score
Average Rate:
$157/mo
$1884/yr
Best for ???
4.6
WeCompare Score
Average Rate:
$307/mo
$3684/yr
These rates are based on a 44 year old male renting a home in Arizona driving a 2016 Toyota Camry with no prior convictions
Why do I need Auto Insurance?
Drive a car, truck, motorcycle? Then you need to be insured – auto insurance is non-negotiable. Besides the fact it’s a legal requirement in all but two US states (we’re looking at you, New Hampshire and Virginia), if you drive a car, you need to have auto insurance. Why? Well, it gives you some financial protection if your car is damaged or stolen — and it does the same if you damage another car.