Car shoppers are paying more than ever for new models, and the cost of insuring them has also been going up in recent years.
The average annual cost of full-coverage car insurance in the United States for a 2025 or 2026 model-year car is $2,879, according to a new study released by Compare.com.
The finding comes as the average price of a new car rose to $49,855 in July, according to Cox Automotive’s Kelley Blue Book. The average price was up 0.2% from June’s $49,757 and 1.9% from July 2025, according to the group.
“Record-high new-vehicle prices are already increasing the cost of car ownership, and insurance costs add to that bottom line,”…
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