Definition: The "average" in this term refers to the average amount spent on vehicle insurance per person. Vehicle insurance, in general, is a type of financial protection that provides coverage for damages or injuries to your car, van or other vehicles while you're driving. The cost of insurance can vary depending on factors such as location, driving habits, and the type of vehicle. The "average" value refers to the average amount spent by customers on vehicle insurance per year. For example, if the average cost is $100 a month, it means that people who spend an average of $100 a month on their vehicles tend to have more accidents or damages than people who spend less money on their vehicles. In summary, "vehicle insurance average cost" refers to the average amount spent by customers on vehicle insurance per year.
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