Car Insurance Estimator

Your perfect car insurance coverage isn't one-size-fits-all. It should align with your unique:

• Asset protection - Choose liability limits that match your net worth; higher assets require higher limits (100/300/100 or 250/500/250) to protect against lawsuits
• Financial responsibility - State minimums only cover basic legal requirements but leave you vulnerable to significant out-of-pocket costs; middle-tier coverage (50/100/50) offers better protection for most drivers
• Risk exposure - Consider your daily driving conditions, accident history, and whether you regularly transport passengers; higher risk situations warrant higher coverage limits
• Budget constraints - Balance premium costs against potential financial impact; higher coverage costs more monthly but provides substantially better protection against catastrophic expenses

Our car insurance coverage calculator below helps you estimate how much coverage you need.  For most drivers we recommend a full coverage policy with 100/300/100.  This means liability coverage limits where you have $100,000 in bodily injury coverage per person, $300,000 in bodily injury coverage per accident, and $100,000 in property damage coverage per accident.

Car insurance is a necessary expense, but that doesn't mean you can't find ways to save. Here are some proven strategies to lower your premiums:

1. Compare quotes: Don't settle for the first quote you receive. Get quotes from multiple insurance providers to compare rates and coverage options. Our car insurance estimator can help you get started.
2. Increase your deductible: A higher deductible lowers your premium but increases your out-of-pocket costs after an accident. Choose an amount you can afford.
3. Bundle your policies: Many insurers offer discounts if you bundle multiple policies with the same company, such as home and auto insurance.
4. Maintain a good driving record: Avoid accidents and traffic violations to keep your driving record clean. Safe drivers often get lower premiums.
5. Improve your credit score: In many states, insurers use your credit score to set premiums. Improving your credit score can help lower your rates.
6. Report accurate mileage: Lower annual mileage can qualify you for better rates. If you're working remotely or driving less, update your estimate with your insurer.
7. Take advantage of discounts: Ask about discounts for safety features, anti-theft devices, defensive driving courses, good student status, military service, or professional affiliations.
8. Consider usage-based insurance: Programs that track your driving habits through an app or device can reward safe drivers with lower premiums.
9. Review coverage on older vehicles: For cars with low market value, consider dropping comprehensive and collision coverage if the annual premium exceeds 10% of the vehicle's value.
10. Pay in full: Many insurers offer discounts when you pay your entire premium upfront rather than in monthly installments.

Different providers offer varying discounts, customer service and pricing that affect your overall cost. For instance, some insurers offer safe driver discounts for those with clean driving records, while others may be more suited for higher-risk drivers with violations or poor credit.

Click below to explore estimates from multiple providers and find a policy that meets your needs without sacrificing coverage.

Your choice of provider is the most important factor affecting car insurance rates. The cheapest provider can vary greatly, with average annual full coverage rates ranging from $531 to over $3,407. This means your insurer can impact your rates by up to 463%.

*Rates are for a 40-year-old driver with good credit and no driving violations insuring a 2012 Toyota Camry.

Age and gender are the second most influential factors in car insurance rates. Insurers assess the risk associated with different demographic groups. For example, younger drivers typically pay higher premiums due to limited experience and more driving violations. Rates often go down as drivers get older and gain experience. Gender can also affect rates, with some insurers charging higher premiums for male drivers, especially younger ones.

Click below to see car insurance costs by age and gender and find personalized estimates based on your profile.

On average, full coverage rates are highest for 16-year-olds at $5,486 per year and lowest for 55-year-olds at $1,131. Rates are highest for drivers 25 and under, lowest in middle age and slightly higher in senior years.

Location is the third most influential factor in calculating car insurance costs, and insurers use information such as minimum coverage requirements, traffic patterns and crime to estimate your risk.

Search and click below to learn more about car insurance costs in your state, how auto insurance is calculated where you live and how to start getting estimates.

The average annual cost of full coverage ranges from $799 to $2,509, depending on location. This means location can affect your rates by up to 214%, based on your state and area.

*Rates are for a 40-year-old driver with good credit and no driving violations insuring a 2012 Toyota Camry.

Your car is the fourth most influential factor in determining your insurance premiums. Insurers assess risk by considering safety features, repair costs and theft rates.

Explore how your vehicle’s specifications affect your premium, get a head start on finding competitive rates, and consider a cheaper car to insure if you're shopping around.

Full coverage rates for different vehicles and types can vary by up to 206%, with all else constant. Average annual rates typically range from $1,093 to $3,350.

*Rates are for a 40-year-old driver with good credit and no driving violations.

Coverage level is the fifth most important factor in calculating car insurance costs. The coverage levels you choose directly impact the financial risk insurers take on. Your main coverage options include:

• Collision coverage: Most influential
• Minimum coverage: Second most influential
• Comprehensive coverage: Least influential

Together, these make up full coverage. In addition to these core policies, consider various add-on coverages and non-traditional options. Below, learn more about different coverage types and estimates to guide your decision.

Depending on the coverage level, average yearly rates range from $628 for minimum coverage to $1,591 for maximum coverage. Your chosen coverage levels can affect rates by up to 153%.

*Rates are for a 40-year-old driver with good credit and no driving violations insuring a 2012 Toyota Camry. Maximum coverage refers to a 300/500/300 limit of liability coverage and a $500 deductible for comprehensive and collision insurance.

Understand key car insurance coverage types to choose the right protection. The table below breaks down each option to help you make informed decisions for your policy.

Driving record and credit history are the sixth most crucial factors affecting rates. High-risk drivers — those with past accidents, traffic violations, DUIs, bad credit or coverage lapses — often face higher premiums due to the increased risk they pose to insurers. While rates can be high, some providers specialize in coverage for high-risk drivers and offer more competitive pricing.

Click below to explore estimated rates for high-risk drivers and find options to make coverage more affordable.

Nationally, if you have a high-risk violation or record, full coverage car insurance rates range from $1,525 to $2,457 yearly, affecting rates by up to 61%.

*Car insurance lapse rates are for a 40-year-old driver with good credit and no driving violations insuring a 2012 Toyota Camry. DUI rates are for a 40-year-old driver with good credit insuring a 2012 Toyota Camry.

Other factors, like your industry, can lower rates with certain providers due to their discount offerings, but these tend to be less influential. Your citizenship and marital status can also affect your insurance costs.

Click below to see how different occupations and driver situations impact insurance costs and get estimates tailored to your profile.

MoneyGeek’s Car Insurance Estimator helps you calculate premiums based on location, vehicle type, driving record and coverage preferences. Before using the tool, determine your coverage level and conduct cost research. 

When getting quotes, compare prices from multiple providers, use various methods to gather them and ask about discounts. Follow these steps to make informed choices and save money on car insurance.

Here are some frequently asked questions about using a car insurance calculator and estimating your premium.

MoneyGeek gathered auto insurance quotes from Quadrant Information Services to develop the best car insurance calculator for estimating costs. It helps you make informed decisions by offering a real-time estimate of your potential premiums once you enter your information.

Study Overview

MoneyGeek analyzed state and national auto insurance rates to help consumers find affordable, quality coverage. We also calculated average premiums for an average driver based on a sample profile for each state, insurance company and coverage type.

Data Sources and Depth

We collected key information about auto insurance from state insurance departments and Quadrant Information Services. MoneyGeek analyzed around 83,056 quotes from 46 insurance providers across 473 ZIP codes.

Driver Profile

MoneyGeek calculated auto insurance rates using an average driver profile with the following characteristics:

• 40-year-old male
• Toyota Camry LE
• Clean driving record
• 12K miles driven annually

We adjusted this profile based on factors affecting premiums, such as age, driving history, state and ZIP code and average mileage.

Coverage Levels and Deductibles Explained

Insurance rates depend on the coverage level.

Full coverage, which includes minimum, comprehensive and collision coverages, is more expensive but offers the greatest financial security by covering damage to your vehicle. You'll need to pay a deductible for comprehensive and collision coverages, typically $500 or $1,000, before the insurance company covers repairs or replacement. A higher deductible means lower premiums.

Minimum coverage offers the least protection at the lowest price. It typically covers bodily injury and property damage but doesn't have a deductible.

To calculate the national average auto insurance rate, MoneyGeek used a full coverage policy with comprehensive and collision coverages, each with a $1,000 deductible and 100/300/100 liability limits.

100/300/100 stands for:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage liability per accident

MoneyGeek calculated the average annual premiums for a 50/100/50 minimum coverage policy and a full coverage policy with 50/100/50 liability limits and a $1,000 deductible for comprehensive and collision coverages.

50/100/50 stands for:

• $50,000 in bodily injury liability per person
• $100,000 in bodily injury liability per accident
• $50,000 in property damage liability per accident

Find out more about MoneyGeek's methodology.