According to rate information for 2022, full coverage car insurance costs an average of $1,771 year. The actual cost will vary for each driver, though, as car insurance premiums are determined by more than a dozen different rating factors.
The first step is frequently to conduct research to find the best car insurance provider to suit your needs, but you probably have concerns about car insurance companies, plans, and costs. What is the standard cost of car insurance when comparing sayings? Understanding the factors that can affect your car insurance premiums is useful.
What is the normal price of car insurance in the US?
However, your monthly premium might be as high as $211 in some states or as low as $80 in others. Car insurance rates per vehicle vary depending on region, provider, and coverage preference, but they generally range from $926 to $2,534 annually. Here are a few elements that affect how much car insurance costs:
State and location
The cost of your car insurance premium may be significantly influenced by your geographic location. The cost of your car insurance depends on the state and area where you purchase the insurance. Get a cost for the vehicle you’re interested in purchasing with your home address to find out how much car insurance may cost in a specific area.
The majority of insurance providers use location information, such as your city, state, and ZIP code.
The current population of your area is often provided by your postal code, which insurers can use to calculate the possibility of theft and accident rates.
However, the use of ZIP codes to estimate the cost of car insurance is prohibited in other states, including Michigan and California.
Some states additionally demand Injury Claims Protection (PIP) coverage, and some locations factor local environment and weather into calculations of car insurance rates.
Age
Your premiums as a responsible driver with car insurance will probably change over time based on your age. Teen drivers are 4 times more likely to cause accidents than drivers who are 20 or older, according to IIHS. Inexperience and risky driving behaviors are typically to blame for this. Similar to this, drivers above the age of 70 are less likely to cause an accident than drivers in their mid-40s.
Young drivers pay the highest average premiums for car insurance, according to 2021 prices, with insurers often taking age into account when determining rates.
According to actuarial data used by car insurance, elderly and young adult drivers are both more likely to be involved in collisions. As a result, these drivers’ car insurance premiums are normally higher to reflect the higher risk. It should be noted that if you reside in Hawaii or Massachusetts, your age won’t have an impact on your rate because state statutes forbid vehicle insurers from considering age as a rating factor.
According to this information, old and young drivers may pay more for car insurance than middle-aged drivers.
Car make and model
It’s a common misconception that new cars insurance cost more to insure than used cars, but this isn’t always the case. Because they have more modern components and greater replacement values than earlier makes and models, new cars might be more expensive to insure. However, modern cars with monitoring and safety measures might be less expensive to insure.
Costs for car insurance can also be impacted by vehicle size. In the past, SUVs have historically cost more to insure than coupes or sedans, though this can also vary by model and be dependent on the type of SUV. It’s crucial to do your research and compare prices based on your unique vehicle because premiums might differ significantly depending on the make and model of your car, safety features, location, and personal insurance plans.
How much does car insurance cost by vehicle type?
Your car insurance rate is significantly influenced by the kind of car you drive. The cost of labour, statistical probability of accidents, cost of components and labour availability, and the safety and crash prevention features of the vehicle can all affect how much you spend for coverage. The vehicle brands and models listed in the table below are appropriate for a range of budgets and lifestyles.
1. High-end vehicles, like luxury or sports cars: These automobiles’ high price tags frequently include costly parts and specific skills to repair in the event of a claim.
Sports cars can go faster than ordinary automobiles, which insurance companies may find to be more expensive to insure due to the higher chance of accidents or harm.
2. Vehicle size: The cost of insurance for larger vehicles, like an SUV or pickup truck, might be more than for sedans. Due to their larger size and weight, they may cause more property and other driver damage in an accident. The majority of drivers who possess larger vehicles might also be able to fit more passengers, which increases the danger of accidents.
3. Common, more affordable vehicles: Despite the fact that they may be more cost-effective, economy automobiles are statistically more likely to be involved in accidents due to their popularity and sheer number on the road. Additionally, they might be simpler for burglars to enter into and steal from, increasing the price of comprehensive claims that an insurance provider would have to cover.
Driving history
People who are more prone to be involved in collisions may have to pay a higher premium for their car insurance or possibly obtain a high-risk car insurance.
High-risk drivers, especially those with a history of traffic violations, are covered by high-risk vehicle insurance. This type of car insurance normally carries higher prices, but if the motorist changes their driving habits by enrolling in a programmer or even attending a safe driving course, costs may be lowered. The driver’s monthly car insurance premiums will probably rise if their habits don’t change.
Annual mileage
Remember that insurance premiums are mostly determined by the risk connected with your vehicle when determining how much car insurance should cost.
Drivers with a high mileage are thought to have a higher accident risk than those with a lesser mileage. To assess your car insurance cost and whether you are eligible for low-mileage discounts, many insurance carriers take into account your annual mileage as well as other variables like commute miles.
Most insurance providers want your annual mileage in order to determine how much your monthly car insurance will cost.
You might spend less than a driver who makes several road trips throughout the course of a year if you solely use your car for the daily commute to work.
Credit score and history
Your credit score affects more than just your ability to get a car loan; it also has an impact on the cost of your car insurance.
While some jurisdictions forbid insurance firms from considering your credit score when providing a car insurance quote, others permit it to be taken into account when calculating your price.
That having a higher credit score, a clean driving record, and no prior accident claims will help you get reduced insurance premiums.
Driving record
How well you drive can help us determine how much you should be paying for car insurance. Car insurance companies frequently consider a person’s background and driving history. This record might show a driver’s behaviors and how dangerous they are behind the wheel. Your insurance provider can calculate your monthly payment for vehicle insurance using these factors.
You’ll probably pay extra for your car insurance if you have a lengthy insurance history but are a reckless driver. Increased risks of vehicle damage and claim filing are linked to violations on driving records. On the other hand, people with spotless driving histories will probably be eligible for less expensive car insurance rates as well as other discounts or savings that acknowledge safe driving.
Marital status
The cost of insuring your car may vary depending on your marital status. Married people are thought to be more financially secure and safer drivers than single people, according to study. A married driver can save as much as $96 annually on their car insurance.
Married folks are also more likely to purchase a home and combine insurance. Saving money on your car insurance premium is simple when you combine it with home insurance.
How much is car insurance each month?
Depending on a number of variables, such as geographic region, car make and model, driving history, and more, the monthly cost of car insurance often ranges between $110 and $130. However, other variables like age, marital status, and gender also affect how much car insurance costs. Some insurance providers also provide extra insurances that can raise the cost you’ll have to pay.
What Is the Cheapest Car Insurance Company?
USAA offers among of the lowest prices in our analysis on car insurance for drivers with a military connection, including active duty service members, veterans, precommissioned officers, spouses, and children of one of these categories. USAA also offers the most affordable car insurance rates for drivers with a spotty driving history, such as a speeding ticket or accident. Additionally, customers give USAA’s customer service great marks.
However, only eligible members of the military community and their extended families are eligible for USAA coverage.
1.Cheap Car Insurance for Teen Drivers Geico : Regardless of gender, our data show that Geico offers the most affordable car insurance rates for teen drivers.
The military community might want to think about USAA instead because it is a little less expensive.
Geico customers may be able to save up to 35% off the average national rate for young drivers, which is between $4,860 and $5,503.
The average annual premium offered by Geico for female drivers aged 17 is $3,166, which is $1,694 less than the national average.
Its average rate—which is $1,948 higher than the national average—for male drivers in the same age range is $3,555.
2.Cheap Car Insurance for Senior Drivers Geico : Of all the age categories in our analysis, 60-year-olds had the lowest rates, and their annual premiums are typically lower than the national average. Geico, which has the overall lowest prices in our survey, should be taken into consideration by seniors seeking for the cheapest car insurance.
Depending on their gender, drivers in this group spend between $1,245 and $1,282 annually for car insurance. The annual premiums for Geico range from $1,049 to $1,085 and are around 18% less expensive. It’s important to note that USAA’s prices for drivers 60 and older are considerably less expensive than the national average and Geico’s rates. Therefore, those that qualify might want to start by thinking about USAA car insurance.
3.Cheap Car Insurance After a Speeding Ticket State Farm : Drivers may see increased premiums following a speeding ticket. According to our statistics, insurers raise rates by an average of 23% for drivers who receive a single speeding ticket. State Farm had the smallest rate rise of all the providers in our survey, increasing their rates by only an average of 11%. The typical State Farm rate for motorists with a speeding ticket is $1,409. Compared to the $1,767 national average, that represents a $358 savings.
The majority of insurers will raise your price for at least three years, if not longer, even though getting one speeding ticket does not guarantee higher rates for the rest of your life. You can discover the lowest prices by shopping about and comparing car insurance quotes after receiving a speeding citation.
4.Cheap Car Insurance After an Accident State Farm : For drivers with an accident on their record, the national average rate is $2,041. That is a rate that is 29% higher than what drivers with clean records typically pay. State Farm has the lowest rate in our survey after USAA, and overall, State Farm is ranked No. 2 on our list of the best car insurance companies for 2022. Its annual fee of $1,516 is 26% lower than the average, saving $525 each year.
5.Cheap Car Insurance After a DUI State Farm : In line with prices for drivers with a spotless record, our investigation revealed that the mean yearly fee of $2,320 implies an increase of around 61 percent. After a DUI, State Farm does raise rates, but only by 35%. Drivers who choose State Farm often save about $610 year on their car insurance, paying $1,711 on average.
The Cheapest Car Insurance in Your State
1.Cheapest Car Insurance for You in Alabama: Alabama’s typical car insurance premiums range from $772 to $1,783. However, the typical annual premium for vehicle insurance in Alabama is $1,298. The USAA insurance rate is the least expensive at $772, or around 40% less than the state average. But USAA only makes its goods available to active-duty military personnel, veterans, and their families. The second-cheapest insurance premium in Alabama is offered by Geico if you don’t qualify for USAA.
2.Cheapest Car Insurance for You in Alaska: In Alaska, the average cost of car insurance is $1,108. Even though Alaska isn’t one of the most costly states for vehicle insurance, costs have skyrocketed as a result of the high proportion of drivers who are either under-insured or uninsured.
3.Cheapest Car Insurance for You in Arizona: Finding the best rates for car insurance requires effort and research. According to our yearly analysis, the average cost of car insurance in Arizona is $1,336. For drivers in Arizona, Geico offers the least expensive rates, while Allstate offers the most expensive ones.
It’s crucial to keep in mind that these rates may differ from what you really pay for car insurance because they are based on study data.
4.Cheapest Car Insurance for You in Arkansas: Our analysis using Quadrant data shows that the typical Arkansas car insurance premium is $1,242.
USAA offers insurance at the lowest cost, $752, which is 49% less than the state average in Arkansas. Military service members and their families are eligible for these prices through USAA. Consider Farmers Insurance, Arkansas’s second-cheapest insurer, if you don’t qualify for USAA’s low insurance premiums.
5.Cheapest Car Insurance for You in California: According to our research, Progressive offers California drivers the lowest average annual vehicle insurance rates at $1,296 – or 27% less than the state average. Based on the results of our investigation, Nationwide has the most expensive major auto insurance in California, charging nearly 30% more than the state’s average.
6.Cheapest Car Insurance for You in Colorado: According to our most recent data, the average annual cost of car insurance for drivers in the Centennial State is $1,600.
Although not the most in the country, that is still 21% higher than the $1,321 average.
7.Cheapest Car Insurance for You in Connecticut:Our research shows that the average annual cost of car insurance for drivers in Connecticut is $1,355.
The average rate for citizens of the Constitution State is just 3% higher than the national average of $1,320, even though it is not the lowest in the country.
8.Cheapest Car Insurance for You in Delaware: Our research shows that the average annual cost of car insurance in Delaware is $1,490.
Because the car insurance business bases rates on a variety of unique characteristics such age, where you reside, the sort of vehicle you drive, and your driving history, keep in mind that rates will differ for each individual while looking for a car insurance coverage.
9.Cheapest Car Insurance for You in Washington, D.C.: According to our survey, Washington, D.C. drivers pay an average of 27% more for car insurance than drivers nationwide. The best insurance providers in Washington, D.C., do not all charge the same prices or offer the same scope of coverage. The driver’s age, gender, safety record, and credit score are all factors that affect auto insurance premiums for DC residents.
10.Cheapest Car Insurance for You in Florida: For drivers in this age range, the average national vehicle insurance prices are $5,140 for men and $4,515 for women.
In Florida, the cost for a 17-year-old female driver is 52% higher than the national average, while it is 53% higher for 17-year-old male drivers. On average, Geico offers the lowest rates, while Allstate has the highest.
11.Cheapest Car Insurance for You in Georgia: Geico is likely to offer the most affordable premiums for drivers in the Peach State. Their typical car insurance premium is around 16% less than the state’s. That is not the case for drivers under the age of 18, young adults, or those with a DUI or accident on their record.
Drivers who fit those descriptions might wish to think about State Farm. Although Geico and State Farm frequently offer the most affordable prices, motorists with a military connection can discover that USAA offers the most affordable rates. With average prices that are 67 percent higher than Geico’s car insurance rates for Georgia and 41 percent higher than the state average, Allstate car insurance is often the most expensive in our survey.
12.Cheapest Car Insurance for You in Hawaii: Our research revealed that the average cost of car insurance in Hawaii is around 13% less than the $1,321 national average premium. It’s vital to keep in mind that not all of Hawaii’s best insurance providers charge the same rates or offer the same level of coverage.
For inhabitants of Hawaii, a lot of variables, such as location and safety history, affect vehicle insurance premiums.
13.Cheapest Car Insurance for You in Idaho: When it comes to car insurance, Idaho is one of the least expensive states. Idaho vehicle insurance policies typically cost $1,009, which is significantly less than the national average. Several insurers offer typical rates that are less than the state average, but USAA has the lowest insurance in Idaho at $507, or roughly 50% less than the average. Only those who are eligible for USAA membership and have a military affiliation are eligible for this pricing.
State Farm is our second-cheapest insurer in Idaho if you don’t qualify thanks to its average rate. Farm Bureau Group has an average premium of $1,408 and is the most costly vehicle insurer in Idaho.
14.Cheapest Car Insurance for You in Illinois: Illinois has lower vehicle insurance costs than 36 other states in the US. Drivers in the Prairie State spend, on average, $1,137 annually on auto insurance, which is 14% less than the national average.
15.Cheapest Car Insurance for You in Indiana: Allstate has the most expensive car insurance in Indiana, averaging $1,503 a year. Only military members, veterans, and their families are eligible for USAA, which offers the state’s cheapest annual vehicle insurance cost at $580. Geico offers insurance for $723 a year, which is the second-cheapest option. The average annual premiums for USAA and Geico are 61 percent and 52 percent less than those for Allstate, respectively.
16.Cheapest Car Insurance for You in Iowa: The USAA insurance rate is the least expensive at $775, 32% less than the state average. However, USAA’s cheap rates are only available to active-duty military personnel and their families. If you’re not eligible, have a look at Nationwide, the second-cheapest insurance we compared.
Allstate has the most costly car insurance rates in Iowa, at $1,359. This is 32% more expensive than USAA and 23% more expensive than the national average.
17.Cheapest Car Insurance for You in Kansas: Kansas has a somewhat lower average annual cost of $1,281 for vehicle insurance than the rest of the US.
With an average cost of $818 per year, USAA offers the most affordable vehicle insurance rates for Kansans. However, due to its focus on people with military ties, its availability is somewhat constrained. The second-best choice is Geico, which is more widely offered and costs $883 a year for a Kansas resident on average.
18.Cheapest Car Insurance for You in Kentucky: Geico may offer the cheapest car insurance option at $1,070. Our study shows that Allstate offers the most expensive vehicle insurance rates in Kentucky, at $2,522.
19.Cheapest Car Insurance for You in Louisiana: The average cost of car insurance in Louisiana was $2,086. Louisiana Farm Bureau offered car insurance at the lowest cost, with an average premium of $1,314. With an average cost of $2,802, Allstate was the most expensive provider of car insurance in Louisiana. This figure is 113 percent higher than Louisiana Farm Bureau’s and roughly 34% higher than the state’s average.
20.Cheapest Car Insurance for You in Maine: The average cost of car insurance in Maine is $865 per year, which is significantly less than the $1,321 national average.
Based on research study data, these rates. Based on unique characteristics, your car insurance price will vary.
21.Cheapest Car Insurance for You in Maryland: Our analysis of car insurance rates shows that Maryland drivers spend an average of $1,460 year on auto insurance.
Although Maryland’s average rates are not the highest in the country, they are still approximately 11% higher than the $1,321 national average rate.
22.Cheapest Car Insurance for You in Massachusetts: Massachusetts has a slightly lower average annual cost of $1,294 for vehicle insurance than the rest of the US ($1,321). By selecting a car insurance provider with competitive rates, Bay State drivers may be able to achieve cheaper yearly charges.
23.Cheapest Car Insurance for You in Michigan: We discovered sizable premium variations amongst car insurance providers in Michigan.
In our survey, Progressive had the lowest rates, with an average yearly premium of about $1,069 per year. That is considerably less than the statewide average by about 50%. The average annual premium for Hanover Insurance is $5,231, which is astronomically $389 percent more expensive than Progressive’s rates and 146 percent more expensive than the state average.
24.Cheapest Car Insurance for You in Nebraska: The cost of car insurance in Nebraska ranges from $922 to $1,536 annually, with an average annual premium of $1,247.
The prices described here are estimates only based on information from our yearly study on auto insurance.
Your driving history, age, gender, and zip code may also be important variables in determining your rate.
25.Cheapest Car Insurance for You in Nevada: Nevadans pay some of the highest average rates in the US when compared to citizens of other states.
The average annual cost of car insurance in the Silver State is $1,674, which is roughly 27% more expensive than the $1,321 national average.
26.Cheapest Car Insurance for You in New Jersey: Based on the data at hand, Geico normally offers the most affordable rates for New Jersey drivers.
Geico vehicle insurance policies typically cost $1,071, $530 less than the state average. Some drivers will, however, be able to find lower rates elsewhere.
For drivers with bad credit or an accident on their record, the New Jersey Manufacturers (NJM) Insurance Group offers the most affordable rates.
DUI drivers are more likely to choose Progressive to have the most affordable rates.
27.Cheapest Car Insurance for You in New Mexico: Car insurance costs $1,207 year on average for drivers in New Mexico.
That is roughly 9% cheaper than the $1,321 average national car insurance rate in the United States.
28.Cheapest Car Insurance for You in New York: New York vehicle insurance costs might not be one of the many things you’ll appreciate about the state of New York.
The average annual cost of car insurance in New York is $1,924, according to data from our Cheapest Car Insurance study.
The national average is $1,321 per year, therefore this is 46 percent greater than that. New York City drivers should anticipate significantly higher rates.
29.Cheapest Car Insurance for You in North Carolina: Our yearly rate survey reveals that the average cost of car insurance in North Carolina is $1,018.
When comparing individual providers, Geico has the state’s cheapest vehicle insurance premiums, at an average of $673.
The average vehicle insurance rate for Allstate is $1,710, which is 154 percent more expensive than Geico’s and 68 percent more expensive than the state’s average rate.
30.Cheapest Car Insurance for You in Ohio: Our yearly rates survey shows that the average cost of car insurance in Ohio is only $886, which is significantly less than the national average of $1,321. For individuals who don’t meet the requirements for USAA membership, which is only open to people with a military affiliation, Geico is the next-cheapest vehicle insurance provider in the Buckeye state after USAA. Remember that a variety of variables, such as age, gender, driving history, and credit score, affect how much Ohioans pay for auto insurance.
31.Cheapest Car Insurance for You in Oklahoma: In Oklahoma, USAA offers the cheapest vehicle insurance policy for $963.
Examine rates at Geico, Oklahoma’s second-cheapest insurer on average, if you are not eligible for USAA membership, which requires military affiliation.
Among the companies in our survey, Oklahoma Farm Bureau had the highest vehicle insurance premium at $2,074.
32.Cheapest Car Insurance for You in Pennsylvania: The state-wide average for car insurance in Pennsylvania is $1,073, despite regional variations.
On average, Travelers offers prices that are $674, while Allstate offers rates that are $1,772.
In comparison to the state’s average rate, that represents a 65 percent increase.
The fact that these rates are based on study data means that your particular auto insurance premiums may differ.
33.Cheapest Car Insurance for You in Rhode Island: Our data show that Allstate’s $2,326 average rate is 81 percent higher than USAA’s average rate and 36 percent higher than the state average. In a wide range of categories, the insurer is perhaps the most expensive option for auto insurance.
34.Cheapest Car Insurance for You in South Carolina: Although South Carolina doesn’t have the highest car insurance premiums in the US, drivers there may nevertheless find that their yearly premiums are higher than those in other states. According to our research, South Carolina drivers pay an average of $1,540 for auto insurance annually, which is 14% higher than the $1,321 national average.
35.Cheapest Car Insurance for You in Texas: USAA offers the most affordable vehicle insurance prices nationwide.
But not in Texas: at $994, State Farm’s average rate is $388 less than the state’s $1,382 average annual cost of auto insurance, $51 less than USAA’s.
36.Cheapest Car Insurance for You in Utah: Although the cost of car insurance in Utah is on average $1,169, several insurers offer cheaper rates.
The least expensive rate is offered by Bear River Mutual, which is $650, while Farmers Insurance offers the highest premium, which is $1,535.
The rate from Farmers Insurance is just 31.3 percent higher than the state average, but it is 136 percent higher than the rate from Bear River Mutual for auto insurance.
37.Cheapest Car Insurance for You in Vermont: The typical cost of car insurance in Vermont is $1,063, which is roughly $300 less than the national average.
38.Cheapest Car Insurance for You in Virginia: State Farm typically provides the most affordable insurance choice for Virginian drivers.
They pay $834 year on average for vehicle insurance, which is 16% less than the state average.
39.Cheapest Car Insurance for You in Washington: The cost of car insurance is among the lowest in the country for drivers in Washington.
The Evergreen State has an average annual auto insurance cost of $1,101, which is 17% cheaper than the $1,321 national average.
40.Cheapest Car Insurance for You in Wisconsin: Compared to the rest of the country, Wisconsin residents pay 24 percent less for their auto insurance coverage.
The typical annual vehicle insurance rate in Wisconsin is $998, which is lower than the $1,321 national average.
41.Cheapest Car Insurance for You in Wyoming: The average annual cost of car insurance in Wyoming is $1,368; this is almost $50 more than the $1,321 national average. On the low end, State Farm charges $1,188 to residents of this state for auto insurance; however, USAA offers coverage at lower average rates and is more exclusive to service members, veterans, and their families. In Wyoming, those who are eligible for USAA pay just $877 on average for coverage.
How much should car insurance cost? Find quotes today
To safeguard your loved ones and your valuables, you must have car insurance. You can discover a coverage that works for you at Liberty Mutual, and we can help you understand how much car insurance costs so you only pay for what you require.
