Enter the value of your car and your age into the calculator to determine the estimated car insurance cost per month.

Car Insurance Cost Per Month Formula

The following equation is used to calculate the Car Insurance Cost Per Month.

CI = 133 * (CV/25,000 + 35/A)
  • Where CI is the car insurance cost per month ($)
  • CV is the car value ($)
  • A is your Age (years)

This formula and the calculator above assume a perfect driving record and that you live in an average population density area.

What is the average Car Insurance Cost Per Month?


The average cost of car insurance per month is $133.00, or $1,596.00 per year. This is based on a national average and assumes you are a 40-year-old male with good credit and no moving violations or accidents in the past five years.

The type of vehicle you drive, your driving record, and other factors contribute to the cost of your car insurance policy.

There’s no need to stick with the same company year after year; shopping around for quotes could lead to lower premiums from another insurer, especially if your current one has raised your rates lately.

The best way to compare car insurance rates for a new policy is to use an online quote comparison tool. They allow you to get multiple quotes at once from insurers that serve drivers in your area.