The average annual cost of car insurance in the United States was $941. according to a study by ValuePenguin. However, this figure varied wildly from state to statewith the most expensive state having car insurance costs over four times that of the cheapest state..817 rows 0183 32 0183 32 Average car insurance rates by age. This bears out when you look at .The average monthly car payment on a new vehicle in 2017 is a hefty $479, and as of 2016, the average car loan was a whopping $30,032 with an average length of 68 months that's over five and a half years! Interest rates on auto loans are also rising and will .We assumed a loan amount of $16,000, which is the average price of a used car, minus a 20 percent down payment. Average Used Auto Loan Rate for Excellent Credit Credit Score.The average monthly payment for a used car is $378. Granted, that's still a lot of money, but it's far better than the $523 it might cost you to have a new vehicle..National Average Car Insurance Rates Based on reported rates from several state governing insurance departments, and information from organizations such as the National Association of Insurance Commissioners, the national car insurance average rate is just above $900 per year of coverage..
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