On average, there are over 6 million car accidents that take place on the roads nationwide each year. This results in insurance companies paying out billions of dollars in claims related to these accidents. To help offset these types of losses, insurance companies will charge higher car insurance rates to drivers who are determined to be riskier to insure. While the average cost of car insurance nationwide is $1,771 per year for full coverage, the drivers who are more likely to make a claim will typically pay more for a policy.
