Aside from the sticker price, one of the most significant costs of buying a new vehicle is the car insurance it requires. Not only does the state of Wisconsin require liability coverage to operate on public roads, but your lender will almost certainly require full coverage on the vehicle to protect their investment. Keeping track of a few variables will give you an understanding of the cost.

What Is the Average Cost of Car Insurance?

The national average price for auto insurance is about $900 per year. However, the average price for full coverage in Wisconsin is considerably less, at under $700 per year. However, this is only useful to you if you are an average driver buying an average car. Below are some of the variables you can use to adjust this number up or down.

What Factors Influence the Price of Car Insurance?

Personal Characteristics

Your age, sex, and marital status contribute to the price. Consider adjusting the cost upwards if you are single, under age 25 or male. Adjust down if you are single, over age 25, or female.

The Make, Model, and Age of the Car

The newer and more expensive it is, the more you will pay, and the older and less expensive it is, the less it costs to insure. Also, if your car is equipped with safety and anti-theft devices, you can reduce your estimate.

Your Location

City drivers typically pay more for coverage than rural dwellers do. You will also pay more if you live near a dangerous curve or intersection.

Your Driving History

If you have a long history of traffic violations, add a few hundred dollars to your estimate. If your record is clean, you can lower it a bit. If you have a serious moving violation like a DUI or reckless driving conviction, you’re considered a high-risk driver that costs more to insure.

The best way to estimate how much you'll pay is to contact Edwards Insurance Agency in Sparta, WI, for a quote. They've been serving Monroe County since 1918 with 100 years of experience and deep roots in the community. Their specialties include auto, home, liability, and boat insurance, offering invaluable guidance in designing a policy that's right for you. Visit their website to view directions and office hours or call (608) 269-4512 to speak with a friendly, experienced agent.