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How much is car insurance in Monroe?
|Area||Average Monthly Car Insurance Premium|
Based on the chart above, you can see that coverage in Monroe typically costs about $5 a month less than it does in the rest of Georgia.
Compared to the national average cost of auto coverage, Monroe has higher rates. The average monthly payment in Monroe is about $20 more expensive than the rate for the rest of the U.S.
Although these are the average car insurance rates in Monroe, you could end up paying something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. The bill you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
We've done the heavy lifting for you and broken down the average rate for Monroe so that you can get a more accurate idea of what your policy will cost you. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!
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Monroe Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It's pretty safe to assume that the older you are, the longer you've been driving, right? That experience pays off when it comes to auto insurance. In this case, 18-24-year-olds pay $75 more than drivers 65 and older.
You can expect to see your monthly premium drop every 10 years or so. Having said that, once you approach retirement your rates may begin to go back up in Monroe.
Monroe Car Insurance Rates by Gender
Car insurance rates for men are usually slightly more expensive than they are for women. This is true in Monroe, where male drivers pay about $14 more a month. As you can see in the table above, male drivers in the area typically pay $109 on average, while female drivers typically pay $95 each month.
Monroe Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can vary wildly depending on your driving record. Those with clean records will see the most affordable rates, whereas even a single accident or infraction can cost you. Drivers in Monroe with a single accident on their record will usually see rates around $124 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $124.
Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.
Monroe Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$95|
|15 Years or Older||$94|
According to the first table above, trucks and vans are by and large the cheapest vehicles to insure in Monroe, with drivers paying around $89 per month for auto insurance coverage.
Cars and SUVs, on the other hand, cost about the same to insure, around $102 per month.
Depending on how old your vehicle is, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old, however, you may see your bill start to shrink a bit. The most expensive vehicles to insure in Monroe are vehicles six-to-seven years old.
Monroe Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$109|
More often than not, married policyholders will pay slightly less for auto insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something many companies offer special discounts for.
On a national scale, single drivers typically pay more than married couples do for auto insurance. Monroe is no exception, with the difference totaling to around $33 a month.
Monroe Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$120|
Another factor taken into consideration is your living situation. If you rent your home or apartment in Monroe, expect to pay around $8 a month more than if you are a homeowner. But if you live with your parents, your rates will be significantly higher.
Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.
Car Insurance Companies in Monroe, GA
Recent trends in car insurance for Monroe drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending before shopping for coverage.
The rates for car insurance in Monroe increased from 2017-2018, before leveling out in 2019. Rates began increasing again in 2020, and finished down in 2022, at $90 per month
How does Monroe compare to neighboring areas?
Why are car insurance rates in Monroe different from other areas?
When considering how much to charge for an insurance policy, car insurance companies will evaluate several factors. While we already mentioned the ones that affect your personal policy, others are influenced by where you call home. These include things like:
- General road safety (how many accidents each locality has)
- Amount of off-street parking
- Total drivers
- Crime rates
You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.
How can I find the cheapest car insurance in Monroe?
In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.
But hold on! Compare.com can handle all of this for you. Just type in your ZIP Code below, answer a few questions related to the factors we outlined above, and you'll be quickly comparing the cheapest quotes from a bulk of the car insurance companies offering policies in Monroe.
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Monroe Auto Insurance FAQs
What factors affect car insurance quotes in Monroe?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Monroe different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like crime rates, parking situations, and local laws when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Monroe?
There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.
Do I need to change my insurance if I move to Monroe?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Monroe or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?
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