Here's a look at the average health insurance premiums in the ACA market for four of the largest health insurance companies. Statistically speaking, younger drivers and older people are more likely to be involved in an accident, so these groups tend to pay more for car insurance. Drivers in Maine, Vermont, Idaho, New Hampshire and Massachusetts pay, on average, the cheapest full-coverage car insurance rates in the country. If you live in California, Hawaii, Massachusetts, Michigan, North Carolina, or Pennsylvania, your gender doesn't affect the amount you pay for car insurance due to state regulations that prohibit this qualifying factor.
The cost of health insurance in the Affordable Care Act (ACA) market varies depending on the insurance company, where you live, the plan you choose, the number of people covered, your age, if you smoke, and your family size and household income. On average, car insurance tends to be higher for new and young drivers, and then declines steadily in each consecutive age group. Spring has arrived and temperatures are rising, but unfortunately, so are the average car insurance premiums. The table below shows the annual and monthly average of the total coverage premiums of some of the country's largest auto insurance companies, by market share.
While paying for your car is an exciting milestone, the law itself doesn't affect your car insurance premiums. Car insurance companies use many different qualifying factors to determine your premium, and in most states, your age can significantly affect the amount you pay for coverage.