The average cost of car insurance in the U.S. is $2,458 per year, according to Moneygeek's extensive research. On the other hand, minimum liability car insurance has an average annual cost of $628 per year:
Average Cost of Car Insurance
Updated: November 19, 2024
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Key Takeaways
On average, full coverage car insurance costs $1,358 annually, or $113 monthly, while minimum coverage costs about $628 per year, or $52 per month.
Travelers offers the cheapest car insurance nationwide, with an average annual premium of $1,116 for full coverage and $556 for minimum coverage
Location is a key factor influencing your car insurance rate. The states with the lowest average car insurance costs include New Hampshire, Vermont, Ohio, Idaho and Hawaii.
How Much Is Car Insurance?
| State Minimum Liability | $52 | $628 |
| Full Coverage | $113 | $1,358 |
Individual premiums car vary widely from person to person, as car insurance rates, which are calculated differently by each insurer, are influenced by factors like age, driving record, credit-based insurance score, state and vehicle type.
Average Cost of Car Insurance by Coverage
The coverage level you choose has a major impact on how much you pay for car insurance. Increasing liability limits, adding full coverage or lowering your out-of-pocket deductible amounts all usually lead to higher insurance costs. Below are the average costs for several liability limits and deductible amounts for both full and liability-only coverage:
| State Minimum | Liability Only | $0 | $628 |
| 100/300/100 | Liability Only | $0 | $795 |
| 300/500/300 | Liability Only | $0 | $934 |
| State Minimum | Full Coverage | $1,500 | $1,179 |
| State Minimum | Full Coverage | $1,000 | $1,212 |
| 100/300/100 | Full Coverage | $1,500 | $1,324 |
| State Minimum | Full Coverage | $500 | $1,336 |
| 100/300/100 | Full Coverage | $1,000 | $1,358 |
| 300/500/300 | Full Coverage | $1,500 | $1,434 |
| 300/500/300 | Full Coverage | $1,000 | $1,467 |
| 100/300/100 | Full Coverage | $500 | $1,481 |
| 300/500/300 | Full Coverage | $500 | $1,591 |
LIABILITY-ONLY VS. FULL COVERAGE
Liability-only car insurance provides financial protection for damage or injuries to others when you’re at fault, offering a basic, budget-friendly option. In contrast, full coverage combines liability with comprehensive and collision insurance, covering non-collision incidents and damage to your vehicle.
Average Cost of Car Insurance by Company
Car insurance rates vary significantly across the country, influenced by both the insurer and region. While large insurers provide coverage options nationwide, many regional and midsized companies offer competitive rates within specific states, making them popular choices locally. Below, we break down average costs for both national and mid-sized providers:
Average Cost of Car Insurance by Company: Major Insurers
Individual car insurance rates vary based on personal factors. Since insurers weigh these factors differently, the same individual's premiums vary by provider. Average annual rates range from $1,116 to $1,564 for full coverage and from $556 to $754 for minimum coverage, depending on the national provider. USAA is only available to military members and their families.
| USAA | $826 | -35% | $336 | -44% |
| Travelers | $1,116 | -12% | $556 | -8% |
| GEICO | $1,216 | -4% | $549 | -9% |
| Nationwide | $1,240 | -2% | $652 | 8% |
| State Farm | $1,293 | 2% | $572 | -5% |
| Progressive | $1,333 | 5% | $567 | -6% |
| Allstate | $1,526 | 21% | $839 | 39% |
| Farmers | $1,564 | 24% | $754 | 25% |
Average Car Insurance Costs by Company: Midsized Insurers
While many midsized car insurance companies aren’t available nationwide, they hold a significant share in the states where they operate. For this reason, location has a significant impact on these insurers' average annual rates, which are highlighted in the table below for both coverage levels:
| North Carolina Farm Bureau | $531 | -60% | $265 | -54% |
| PEMCO | $605 | -54% | $184 | -68% |
| MAPFRE | $667 | -50% | $325 | -44% |
| Idaho Farm Bureau | $718 | -46% | $290 | -50% |
| Virginia Farm Bureau | $743 | -44% | $310 | -47% |
| Vermont Mutual | $745 | -44% | $281 | -52% |
| Concord Group | $759 | -43% | $353 | -39% |
| Texas Farm Bureau | $760 | -43% | $339 | -42% |
| Farmers Mutual of Nebraska | $790 | -40% | $247 | -57% |
| Safety Group | $800 | -40% | $305 | -48% |
| Nodak Mutual | $810 | -39% | $309 | -47% |
| American National P&C | $839 | -37% | $347 | -40% |
| West Bend Mutual | $847 | -36% | $332 | -43% |
| Island Insurance Group | $871 | -34% | $333 | -43% |
| Root Insurance Company | $943 | -29% | $649 | 12% |
| Cincinnati Insurance | $955 | -28% | $357 | -39% |
| Plymouth Rock Assurance | $971 | -27% | $436 | -25% |
| Tennessee Farm Bureau | $972 | -26% | $337 | -42% |
| Southern Farm Bureau | $983 | -26% | $404 | -30% |
| American Family | $989 | -25% | $513 | -12% |
| Auto-Owners Insurance Co | $1,012 | -23% | $446 | -23% |
| IMT Insurance Company | $1,039 | -21% | $455 | -22% |
| Acuity | $1,053 | -20% | $412 | -29% |
| Indiana Farm Bureau | $1,064 | -20% | $418 | -28% |
| Countryway Insurance | $1,110 | -16% | $448 | -23% |
| NJM | $1,115 | -16% | $678 | 17% |
| Erie | $1,173 | -11% | $538 | -8% |
| Country Financial | $1,207 | -9% | $583 | 0% |
| Westfield | $1,216 | -8% | $330 | -43% |
| Kentucky Farm Bureau | $1,231 | -7% | $428 | -26% |
| Shelter | $1,233 | -7% | $549 | -6% |
| Arbella | $1,239 | -6% | $582 | 0% |
| Grange Insurance | $1,247 | -6% | $612 | 5% |
| Umialik Insurance | $1,319 | -0% | $501 | -14% |
| Iowa Farm Bureau | $1,378 | 4% | $500 | -14% |
| Alfa | $1,379 | 4% | $482 | -17% |
| AAA | $1,385 | 5% | $588 | 1% |
| Encompass | $1,386 | 5% | $577 | -1% |
| Oklahoma Farm Bureau | $1,431 | 8% | $573 | -1% |
| Hartford | $1,481 | 12% | $756 | 30% |
| Amica Mutual | $1,498 | 13% | $795 | 37% |
| State National | $1,505 | 14% | $644 | 11% |
| Grinnell Mutual | $1,513 | 14% | $479 | -18% |
| Farmers Union Insurance | $1,554 | 18% | $608 | 4% |
| Kemper | $1,574 | 19% | $730 | 25% |
| National General | $1,595 | 21% | $753 | 30% |
| Western National | $1,618 | 22% | $401 | -31% |
| Chubb | $1,637 | 24% | $681 | 17% |
| Home State Ins Group | $1,680 | 27% | $684 | 18% |
| Mercury | $1,690 | 28% | $743 | 28% |
| Farm Bureau Ins of MI | $1,841 | 39% | $871 | 50% |
| New Jersey Skylands Insurance | $1,882 | 42% | $1,058 | 82% |
| Pioneer State Mutual Ins Co | $1,905 | 44% | $953 | 64% |
| Direct General Insurance | $2,014 | 52% | $931 | 60% |
| CSAA | $2,015 | 52% | $896 | 54% |
| Nevada General Insurance | $2,337 | 77% | $1,307 | 125% |
| Hanover | $2,823 | 113% | $1,317 | 126% |
| The General | $2,932 | 122% | $1,431 | 146% |
| Dairyland | $3,406 | 158% | $1,661 | 186% |
Average Car Insurance Cost by Location
Location significantly impacts car insurance rates. Based on state and local regulations, crime rates, driving conditions and average costs for car repairs and medical expenses, premium levels vary widely across U.S. cities and states. Additionally, since population density influences several risk factors, average premiums tend to be higher in highly populated states and urban areas than in less populous states and rural areas.
Average Car Insurance Cost by State
Below are the average annual car insurance rates for both coverage levels in all 50 states and the District of Columbia, compared to the national average:
| New Hampshire | $773 | -43% | $389 | -38% |
| Vermont | $799 | -41% | $317 | -49% |
| Ohio | $830 | -39% | $363 | -42% |
| Idaho | $861 | -37% | $416 | -34% |
| Hawaii | $863 | -36% | $375 | -40% |
| Indiana | $887 | -35% | $408 | -35% |
| Wyoming | $898 | -34% | $266 | -58% |
| Maine | $901 | -34% | $435 | -31% |
| North Dakota | $972 | -28% | $417 | -34% |
| Alabama | $1,032 | -24% | $487 | -22% |
| Iowa | $1,056 | -22% | $337 | -46% |
| Wisconsin | $1,078 | -21% | $427 | -32% |
| Alaska | $1,114 | -18% | $517 | -18% |
| Tennessee | $1,129 | -17% | $455 | -28% |
| Virginia | $1,134 | -16% | $556 | -11% |
| Mississippi | $1,152 | -15% | $479 | -24% |
| Illinois | $1,153 | -15% | $480 | -24% |
| Montana | $1,171 | -14% | $446 | -29% |
| Oklahoma | $1,176 | -13% | $508 | -19% |
| North Carolina | $1,177 | -13% | $567 | -10% |
| Massachusetts | $1,185 | -13% | $490 | -22% |
| Nebraska | $1,189 | -12% | $494 | -21% |
| South Dakota | $1,189 | -12% | $385 | -39% |
| New Mexico | $1,189 | -12% | $522 | -17% |
| Utah | $1,227 | -10% | $671 | 7% |
| Minnesota | $1,285 | -5% | $579 | -8% |
| Kentucky | $1,291 | -5% | $577 | -8% |
| Arkansas | $1,319 | -3% | $517 | -18% |
| West Virginia | $1,337 | -2% | $633 | 1% |
| Pennsylvania | $1,339 | -1% | $460 | -27% |
| Washington | $1,347 | -1% | $688 | 9% |
| Kansas | $1,359 | 0% | $553 | -12% |
| Rhode Island | $1,401 | 3% | $734 | 17% |
| Oregon | $1,404 | 3% | $806 | 28% |
| Colorado | $1,430 | 5% | $624 | -1% |
| Georgia | $1,451 | 7% | $725 | 16% |
| Arizona | $1,510 | 11% | $738 | 18% |
| Maryland | $1,570 | 16% | $910 | 45% |
| California | $1,574 | 16% | $659 | 5% |
| Missouri | $1,603 | 18% | $715 | 14% |
| Texas | $1,665 | 23% | $782 | 25% |
| District of Columbia | $1,679 | 24% | $845 | 35% |
| South Carolina | $1,797 | 32% | $909 | 45% |
| Connecticut | $1,896 | 40% | $995 | 58% |
| New Jersey | $1,927 | 42% | $1,108 | 76% |
| Nevada | $1,967 | 45% | $1,049 | 67% |
| Michigan | $1,985 | 46% | $902 | 44% |
| Delaware | $2,137 | 57% | $1,309 | 109% |
| Louisiana | $2,202 | 62% | $780 | 24% |
| Florida | $2,206 | 62% | $1,013 | 61% |
| New York | $2,510 | 85% | $1,392 | 122% |
MOST AND LEAST EXPENSIVE STATES FOR CAR INSURANCE
- States with the Top 5 Cheapest Average Full Coverage Rates: New Hampshire - $748, Vermont - $799, Ohio - $829, Idaho - $861, Hawaii - $863
- States with the Top 5 Most Expensive Average Full Coverage Rates: New York - $2,509, Florida - $2,206, Louisiana - $2,202, Delaware - $2,137, Michigan - $1,985
Average Car Insurance Cost by City
Car insurance costs vary notably across cities; premiums in Los Angeles and Miami are expensive due to heavy traffic and higher theft rates. Meanwhile, smaller cities like Boise or Omaha often see lower rates due to lower congestion and incident rates. Below are the average full coverage and minimum liability car insurance rates in 322 U.S. cities:
| Green Bay | Wisconsin | $474 | -58% |
| High Point | North Carolina | $492 | -56% |
| Cary | North Carolina | $496 | -56% |
| Durham | North Carolina | $496 | -56% |
| Lincoln | Nebraska | $508 | -55% |
| Winston-Salem | North Carolina | $510 | -55% |
| Wilmington | North Carolina | $542 | -52% |
| Madison | Wisconsin | $543 | -52% |
| Akron | Ohio | $550 | -51% |
| Greensboro | North Carolina | $550 | -51% |
| Raleigh | North Carolina | $557 | -51% |
| Cambridge | Massachusetts | $561 | -50% |
| Columbus | Ohio | $563 | -50% |
| Lowell | Massachusetts | $583 | -48% |
| Boise City | Idaho | $603 | -47% |
| Meridian | Idaho | $604 | -47% |
| Rochester | New York | $608 | -46% |
| Dayton | Ohio | $608 | -46% |
| Manchester | New Hampshire | $614 | -46% |
| Fayetteville | North Carolina | $639 | -44% |
| Fargo | North Dakota | $639 | -43% |
| Syracuse | New York | $642 | -43% |
| Charlotte | North Carolina | $645 | -43% |
| Omaha | Nebraska | $649 | -43% |
| Cleveland | Ohio | $659 | -42% |
| Cincinnati | Ohio | $667 | -41% |
| Toledo | Ohio | $667 | -41% |
| Wichita Falls | Texas | $677 | -40% |
| Rockford | Illinois | $685 | -39% |
| Spokane | Washington | $690 | -39% |
| Worcester | Massachusetts | $692 | -39% |
| Round Rock | Texas | $694 | -39% |
| San Angelo | Texas | $695 | -39% |
| Midland | Texas | $695 | -39% |
| Eugene | Oregon | $696 | -38% |
| El Paso | Texas | $706 | -38% |
| Sioux Falls | South Dakota | $707 | -37% |
| Rochester | Minnesota | $709 | -37% |
| Cedar Rapids | Iowa | $712 | -37% |
| Milwaukee | Wisconsin | $717 | -37% |
| Naperville | Illinois | $727 | -36% |
| Springfield | Massachusetts | $731 | -35% |
| Arlington | Texas | $731 | -35% |
| Waco | Texas | $733 | -35% |
| College Station | Texas | $753 | -33% |
| Peoria | Illinois | $762 | -33% |
| Columbia | South Carolina | $765 | -32% |
| Corpus Christi | Texas | $769 | -32% |
| Abilene | Texas | $771 | -32% |
| Charleston | South Carolina | $777 | -31% |
| Lewisville | Texas | $777 | -31% |
| Lubbock | Texas | $780 | -31% |
| South Bend | Indiana | $781 | -31% |
| Reno | Nevada | $785 | -31% |
| Davenport | Iowa | $791 | -30% |
| North Charleston | South Carolina | $793 | -30% |
| Des Moines | Iowa | $793 | -30% |
| Allentown | Pennsylvania | $797 | -30% |
| Pittsburgh | Pennsylvania | $797 | -29% |
| Aurora | Illinois | $800 | -29% |
| Hampton | Virginia | $808 | -29% |
| Sugar Land | Texas | $809 | -28% |
| Newport News | Virginia | $810 | -28% |
| Buffalo | New York | $811 | -28% |
| Evansville | Indiana | $812 | -28% |
| Fort Wayne | Indiana | $815 | -28% |
| Urban Honolulu | Hawaii | $818 | -28% |
| Arlington | Virginia | $819 | -28% |
| Vancouver | Washington | $822 | -27% |
| Springfield | Illinois | $822 | -27% |
| Killeen | Texas | $830 | -27% |
| Elgin | Illinois | $832 | -26% |
| Virginia Beach | Virginia | $834 | -26% |
| Allen | Texas | $835 | -26% |
| Everett | Washington | $836 | -26% |
| Pearland | Texas | $838 | -26% |
| Alexandria | Virginia | $843 | -26% |
| Chesapeake | Virginia | $844 | -25% |
| Odessa | Texas | $844 | -25% |
| Salem | Oregon | $846 | -25% |
| Chattanooga | Tennessee | $847 | -25% |
| Fort Collins | Colorado | $848 | -25% |
| Austin | Texas | $856 | -24% |
| Plano | Texas | $856 | -24% |
| Fort Worth | Texas | $857 | -24% |
| Sparks | Nevada | $858 | -24% |
| Boulder | Colorado | $859 | -24% |
| Kent | Washington | $866 | -23% |
| Clarksville | Tennessee | $867 | -23% |
| Columbia | Missouri | $867 | -23% |
| Las Cruces | New Mexico | $869 | -23% |
| The Woodlands | Texas | $870 | -23% |
| Huntsville | Alabama | $870 | -23% |
| Richardson | Texas | $874 | -23% |
| Indianapolis | Indiana | $874 | -23% |
| San Antonio | Texas | $875 | -23% |
| Norfolk | Virginia | $876 | -23% |
| Greeley | Colorado | $879 | -22% |
| Billings | Montana | $882 | -22% |
| Montgomery | Alabama | $884 | -22% |
| Bellevue | Washington | $884 | -22% |
| Provo | Utah | $885 | -22% |
| Hillsboro | Oregon | $886 | -22% |
| Joliet | Illinois | $890 | -21% |
| Beaumont | Texas | $896 | -21% |
| Amarillo | Texas | $896 | -21% |
| Garland | Texas | $899 | -21% |
| Seattle | Washington | $899 | -20% |
| Knoxville | Tennessee | $904 | -20% |
| West Jordan | Utah | $906 | -20% |
| Richmond | Virginia | $907 | -20% |
| Renton | Washington | $913 | -19% |
| League City | Texas | $914 | -19% |
| Murfreesboro | Tennessee | $916 | -19% |
| Gresham | Oregon | $919 | -19% |
| McKinney | Texas | $921 | -19% |
| Olathe | Kansas | $921 | -19% |
| Santa Maria | California | $922 | -18% |
| Nashville-Davidson | Tennessee | $930 | -18% |
| Highlands Ranch | Colorado | $937 | -17% |
| Salt Lake City | Utah | $941 | -17% |
| Tyler | Texas | $942 | -17% |
| Topeka | Kansas | $945 | -16% |
| Irving | Texas | $945 | -16% |
| Boston | Massachusetts | $945 | -16% |
| West Valley City | Utah | $949 | -16% |
| Jackson | Mississippi | $952 | -16% |
| Overland Park | Kansas | $960 | -15% |
| Arvada | Colorado | $963 | -15% |
| Tacoma | Washington | $963 | -15% |
| Lexington-Fayette | Kentucky | $965 | -15% |
| Stamford | Connecticut | $965 | -15% |
| Salinas | California | $970 | -14% |
| Mobile | Alabama | $970 | -14% |
| Houston | Texas | $975 | -14% |
| Pasadena | Texas | $978 | -14% |
| Westminster | Colorado | $979 | -13% |
| Frisco | Texas | $985 | -13% |
| Kansas City | Kansas | $998 | -12% |
| Lakewood | Colorado | $999 | -12% |
| Wichita | Kansas | $1,001 | -11% |
| Denton | Texas | $1,001 | -11% |
| Springfield | Missouri | $1,006 | -11% |
| Thornton | Colorado | $1,013 | -10% |
| Centennial | Colorado | $1,016 | -10% |
| Mesquite | Texas | $1,018 | -10% |
| Birmingham | Alabama | $1,018 | -10% |
| Dallas | Texas | $1,018 | -10% |
| Laredo | Texas | $1,019 | -10% |
| Portland | Oregon | $1,019 | -10% |
| Grand Rapids | Michigan | $1,039 | -8% |
| Athens-Clarke | Georgia | $1,041 | -8% |
| Independence | Missouri | $1,042 | -8% |
| Broken Arrow | Oklahoma | $1,047 | -7% |
| Colorado Springs | Colorado | $1,050 | -7% |
| Grand Prairie | Texas | $1,053 | -7% |
| Augusta-Richmond | Georgia | $1,054 | -7% |
| Chicago | Illinois | $1,061 | -6% |
| Chula Vista | California | $1,067 | -6% |
| Pueblo | Colorado | $1,078 | -5% |
| Carrollton | Texas | $1,079 | -5% |
| Yonkers | New York | $1,089 | -4% |
| Kansas City | Missouri | $1,092 | -3% |
| Norman | Oklahoma | $1,095 | -3% |
| Oklahoma City | Oklahoma | $1,095 | -3% |
| Brownsville | Texas | $1,104 | -2% |
| Lansing | Michigan | $1,111 | -2% |
| Ann Arbor | Michigan | $1,113 | -2% |
| Fremont | California | $1,116 | -1% |
| Sunnyvale | California | $1,121 | -1% |
| San Diego | California | $1,124 | -1% |
| Savannah | Georgia | $1,131 | 0% |
| Aurora | Colorado | $1,133 | 0% |
| Memphis | Tennessee | $1,133 | 0% |
| Denver | Colorado | $1,138 | 1% |
| Minneapolis | Minnesota | $1,140 | 1% |
| Tulsa | Oklahoma | $1,140 | 1% |
| Oceanside | California | $1,141 | 1% |
| Santa Clara | California | $1,142 | 1% |
| Corona | California | $1,144 | 1% |
| Little Rock | Arkansas | $1,145 | 1% |
| Fairfield | California | $1,145 | 1% |
| Columbia | Maryland | $1,155 | 2% |
| Carlsbad | California | $1,162 | 3% |
| El Cajon | California | $1,162 | 3% |
| Louisville/Jefferson | Kentucky | $1,165 | 3% |
| Albuquerque | New Mexico | $1,166 | 3% |
| Washington | District of Columbia | $1,168 | 3% |
| Bakersfield | California | $1,176 | 4% |
| Columbus | Georgia | $1,177 | 4% |
| Sandy Springs | Georgia | $1,179 | 4% |
| Visalia | California | $1,179 | 4% |
| Macon-Bibb | Georgia | $1,183 | 5% |
| San Mateo | California | $1,186 | 5% |
| Fresno | California | $1,189 | 5% |
| St. Paul | Minnesota | $1,189 | 5% |
| Orange | California | $1,190 | 5% |
| Escondido | California | $1,190 | 5% |
| Vista | California | $1,190 | 5% |
| Clovis | California | $1,194 | 6% |
| Murrieta | California | $1,202 | 6% |
| Temecula | California | $1,202 | 6% |
| Oxnard | California | $1,203 | 6% |
| Ventura | California | $1,203 | 6% |
| Sacramento | California | $1,203 | 6% |
| Concord | California | $1,210 | 7% |
| Santa Rosa | California | $1,213 | 7% |
| Tucson | Arizona | $1,216 | 8% |
| San Jose | California | $1,217 | 8% |
| Torrance | California | $1,218 | 8% |
| Surprise | Arizona | $1,231 | 9% |
| Anchorage | Alaska | $1,236 | 9% |
| St. Louis | Missouri | $1,238 | 9% |
| Elk Grove | California | $1,239 | 10% |
| Berkeley | California | $1,240 | 10% |
| Antioch | California | $1,240 | 10% |
| Jurupa Valley | California | $1,253 | 11% |
| Providence | Rhode Island | $1,255 | 11% |
| Costa Mesa | California | $1,260 | 11% |
| Tempe | Arizona | $1,267 | 12% |
| Gilbert | Arizona | $1,270 | 12% |
| Riverside | California | $1,271 | 12% |
| Richmond | California | $1,276 | 13% |
| Vallejo | California | $1,277 | 13% |
| Chandler | Arizona | $1,281 | 13% |
| Ontario | California | $1,284 | 14% |
| Mesa | Arizona | $1,286 | 14% |
| Anaheim | California | $1,288 | 14% |
| Simi Valley | California | $1,288 | 14% |
| Thousand Oaks | California | $1,288 | 14% |
| San Francisco | California | $1,293 | 14% |
| Scottsdale | Arizona | $1,297 | 15% |
| McAllen | Texas | $1,300 | 15% |
| New Haven | Connecticut | $1,308 | 16% |
| Rancho Cucamonga | California | $1,312 | 16% |
| Hartford | Connecticut | $1,313 | 16% |
| Norwalk | California | $1,317 | 16% |
| Waterbury | Connecticut | $1,318 | 17% |
| Henderson | Nevada | $1,325 | 17% |
| Peoria | Arizona | $1,328 | 17% |
| Pomona | California | $1,332 | 18% |
| Stockton | California | $1,340 | 18% |
| Victorville | California | $1,341 | 19% |
| Roseville | California | $1,342 | 19% |
| Hayward | California | $1,347 | 19% |
| Cape Coral | Florida | $1,348 | 19% |
| East Los Angeles | California | $1,350 | 19% |
| Daly City | California | $1,353 | 20% |
| Fontana | California | $1,353 | 20% |
| Moreno Valley | California | $1,353 | 20% |
| Oakland | California | $1,354 | 20% |
| Santa Ana | California | $1,360 | 20% |
| Modesto | California | $1,380 | 22% |
| Huntington Beach | California | $1,382 | 22% |
| San Bernardino | California | $1,383 | 22% |
| Bridgeport | Connecticut | $1,386 | 23% |
| Lehigh Acres | Florida | $1,389 | 23% |
| Jersey City | New Jersey | $1,389 | 23% |
| Long Beach | California | $1,390 | 23% |
| Shreveport | Louisiana | $1,392 | 23% |
| Phoenix | Arizona | $1,402 | 24% |
| Rialto | California | $1,406 | 24% |
| Enterprise | Nevada | $1,411 | 25% |
| Arden-Arcade | California | $1,418 | 25% |
| Irvine | California | $1,420 | 26% |
| Downey | California | $1,427 | 26% |
| Las Vegas | Nevada | $1,442 | 28% |
| West Covina | California | $1,451 | 28% |
| Atlanta | Georgia | $1,456 | 29% |
| Fullerton | California | $1,456 | 29% |
| Elizabeth | New Jersey | $1,457 | 29% |
| Garden Grove | California | $1,461 | 29% |
| Glendale | Arizona | $1,467 | 30% |
| Paradise | Nevada | $1,471 | 30% |
| Newark | New Jersey | $1,472 | 30% |
| Inglewood | California | $1,477 | 31% |
| Warren | Michigan | $1,483 | 31% |
| Gainesville | Florida | $1,483 | 31% |
| Paterson | New Jersey | $1,485 | 31% |
| Sterling Heights | Michigan | $1,486 | 31% |
| Santa Clarita | California | $1,493 | 32% |
| Palm Bay | Florida | $1,520 | 34% |
| El Monte | California | $1,529 | 35% |
| Lancaster | California | $1,531 | 35% |
| Tallahassee | Florida | $1,541 | 36% |
| Philadelphia | Pennsylvania | $1,543 | 36% |
| Palmdale | California | $1,560 | 38% |
| Spring Valley | Nevada | $1,562 | 38% |
| North Las Vegas | Nevada | $1,582 | 40% |
| Pasadena | California | $1,598 | 41% |
| New York | New York | $1,635 | 45% |
| Metairie | Louisiana | $1,693 | 50% |
| Lakeland | Florida | $1,693 | 50% |
| Lafayette | Louisiana | $1,699 | 50% |
| Sunrise Manor | Nevada | $1,729 | 53% |
| Spring Hill | Florida | $1,765 | 56% |
| Baltimore | Maryland | $1,777 | 57% |
| Port St. Lucie | Florida | $1,787 | 58% |
| Orlando | Florida | $1,818 | 61% |
| Jacksonville | Florida | $1,839 | 63% |
| Detroit | Michigan | $1,882 | 66% |
| Los Angeles | California | $1,894 | 68% |
| Burbank | California | $1,898 | 68% |
| Clearwater | Florida | $1,900 | 68% |
| Brandon | Florida | $1,956 | 73% |
| St. Petersburg | Florida | $1,958 | 73% |
| Davie | Florida | $2,072 | 83% |
| Baton Rouge | Louisiana | $2,108 | 86% |
| Coral Springs | Florida | $2,134 | 89% |
| Pembroke Pines | Florida | $2,136 | 89% |
| Glendale | California | $2,154 | 90% |
| Fort Lauderdale | Florida | $2,200 | 95% |
| West Palm Beach | Florida | $2,202 | 95% |
| New Orleans | Louisiana | $2,203 | 95% |
| Miramar | Florida | $2,213 | 96% |
| Pompano Beach | Florida | $2,254 | 99% |
| Hollywood | Florida | $2,302 | 104% |
| Tampa | Florida | $2,315 | 105% |
| Miami Gardens | Florida | $2,448 | 116% |
| Miami | Florida | $2,558 | 126% |
| Hialeah | Florida | $2,628 | 132% |
Average Car Insurance Cost by Age
Age and driving experience have a significant impact on car insurance rates. While young drivers aged 16-25 often face higher premiums due to increased accident rates, average premiums decrease with age but rise slightly after 70. Below are the average full coverage rates for drivers aged 16-90 compared to the national average:
| 16 | $5,486 | $-4,128 | 304% |
| 17 | $4,578 | $-3,220 | 237% |
| 18 | $3,956 | $-2,598 | 191% |
| 19 | $2,761 | $-1,403 | 103% |
| 20 | $2,481 | $-1,124 | 83% |
| 21 | $1,958 | $-601 | 44% |
| 22 | $1,810 | $-452 | 33% |
| 23 | $1,674 | $-316 | 23% |
| 24 | $1,582 | $-225 | 17% |
| 25 | $1,426 | $-69 | 5% |
| 26 | $1,367 | $-9 | 1% |
| 27 | $1,343 | $14 | -1% |
| 28 | $1,326 | $32 | -2% |
| 29 | $1,311 | $47 | -3% |
| 30 | $1,268 | $89 | -7% |
| 35 | $1,240 | $117 | -9% |
| 40 | $1,220 | $138 | -10% |
| 45 | $1,204 | $154 | -11% |
| 50 | $1,165 | $193 | -14% |
| 55 | $1,131 | $227 | -17% |
| 60 | $1,125 | $232 | -17% |
| 65 | $1,175 | $182 | -13% |
| 70 | $1,252 | $106 | -8% |
| 75 | $1,380 | $-22 | 2% |
| 80 | $1,525 | $-168 | 12% |
| 85 | $1,637 | $-280 | 21% |
| 90 | $1,718 | $-360 | 27% |
CAR INSURANCE COST BY AGE: KEY FACTS
- Young Driver Crash Statistics: Drivers aged 16 to 19 are involved in 8.9% crashes and 6% of fatal crashes.
- Age As A Rating Factor: Hawaii and Massachusetts do not allow insurers to use age as a rating factor. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
- Senior License Renewal: In some states like California, vision and driving tests are required for license renewal for seniors.
Average Car Insurance Cost by Gender
Due to statistical trends in driver behavior that insurers consider, gender impacts car insurance rates to varying degrees across age groups. While young males often pay more than young females for car insurance, female drivers have slightly higher premiums than males on average. The table below highlights average full coverage car insurance rates by gender:
| Female | $103 | $1,232 |
| Male | $101 | $1,207 |
Average Cost of Car Insurance for Drivers With Violations
One's driving record affects insurance rates, as violations like speeding tickets, at-fault accidents, or a DUI usuaaly lead to rate increases, resulting in premiums 24% to 77% higher than average. Below are the average costs for minimum liability and full coverage car insurance for drivers with a speeding ticket, at-fault accident or DUI:
| Accident | $1,989 | 46% | $922 | 47% |
| DUI | $2,388 | 76% | $1,110 | 77% |
| Speeding | $1,695 | 25% | $777 | 24% |
HOW LONG DO PREMIUM INCREASES LAST AFTER A TRAFFIC VIOLATION?
Rate increases after a driving violation often apply as long as the infraction is on record—typically three to seven years, depending on the violation and state. For example, while a DUI affects rates for up to 10 years in California, the period is around only 5 years in Texas.
Average Cost of Car Insurance by Credit Score
Improving your credit score can lower your car insurance premiums and offer other financial benefits. For example, drivers with poor credit pay an annual average of $2,108 which is $959 more per year than the $1,149 average for drivers with good credit:
| Good | $1,148 |
| Excellent | $944 |
| Poor | $2,108 |
| Below Fair | $1,692 |
| Fair | $1,397 |
**While Hawaii, Massachusetts, Michigan and California prohibit insurers from considering credit history in rates, most states allow it as a factor.
Average Car Insurance Costs by Vehicle
Car insurance costs vary significantly by, depening on the vehicle(s) you insure. Generally, premiums are lower for slightly older vehicles with modest market values, lower repair costs, higher safety ratings, and low theft rates. Additionally, premiums tend to be lower per vehicle if you insure more than one vehicle on a multi-car policy. In the sections below, we'll look at the average cost of car insurance for vehicles with different ages, types, makes, models, and policy types.
Average Car Insurance Costs by Vehicle Type
The type of car you drive plays a big role in determining your insurance rates. As the table below demonstrates, because luxury cars, sports cars, and electric vehicles tend to have higher MSRPs and more advanced technology, they are more costly to insure than standard vehicles because they repairing and replacing them is more expensive than average:
| Minivan | $1,291 | -5% | $542 | -14% |
| Compact SUV | $1,378 | 2% | $560 | -11% |
| SUV | $1,387 | 2% | $580 | -8% |
| Pickup Truck | $1,429 | 5% | $583 | -7% |
| Compact | $1,436 | 6% | $570 | -9% |
| Sedan | $1,479 | 9% | $570 | -9% |
| Electric | $1,514 | 11% | $562 | -10% |
| Luxury Compact SUV | $1,561 | 15% | $564 | -10% |
| Sports Car | $1,713 | 26% | $555 | -12% |
| Luxury Compact | $1,745 | 29% | $546 | -13% |
| Luxury SUV | $1,792 | 32% | $575 | -8% |
| Luxury Sedan | $1,967 | 45% | $575 | -8% |
| Luxury Electric | $2,722 | 101% | $700 | 11% |
| Luxury Sports Car | $3,006 | 121% | $674 | 7% |
Average Car Insurance Costs by New vs. Used Vehicles
Largely because cars depreciate in value over time, a vehicle's age impacts insurance costs, with older cars generally being cheaper to insure than newer vehicles. As the table below demonstrates, it costs $1,739 per year to insure a newer car, which is $382 less than $1,357 per year average for used vehicles:
| Used Car | $1,357 | -0% | $637 | 1% |
| New Car | $1,739 | 28% | $620 | -1% |
Average Car Insurance Costs by Make and Model
Because vehicles differ in value, repair costs, safety ratings, performance levels, and theft rates, car insurance costs vary by make and model. The table below contains a full list of car makes and models, along with their average insurance rates:
| Subaru Outback | $1,203 | -11% | $498 | -21% |
| Honda CR-V | $1,249 | -8% | $545 | -13% |
| Honda Fit | $1,251 | -8% | $542 | -14% |
| Honda Odyssey | $1,252 | -8% | $524 | -17% |
| MINI Cooper | $1,254 | -8% | $471 | -25% |
| Subaru Forester | $1,261 | -7% | $511 | -19% |
| Jeep Wrangler | $1,267 | -7% | $587 | -6% |
| Ford F-150 | $1,280 | -6% | $573 | -9% |
| Ford Escape | $1,287 | -5% | $561 | -11% |
| Jeep Patriot | $1,288 | -5% | $625 | -1% |
| Toyota Tacoma | $1,293 | -5% | $559 | -11% |
| Dodge Grand Caravan | $1,295 | -5% | $566 | -10% |
| Mazda CX-5 | $1,322 | -3% | $534 | -15% |
| VW Tiguan | $1,323 | -3% | $558 | -11% |
| Toyota Highlander | $1,324 | -2% | $560 | -11% |
| Toyota Sienna | $1,326 | -2% | $534 | -15% |
| Chevy Equinox | $1,334 | -2% | $555 | -12% |
| Toyota RAV4 | $1,334 | -2% | $565 | -10% |
| Kia Soul | $1,338 | -1% | $562 | -11% |
| Chevy Silverado | $1,340 | -1% | $589 | -6% |
| Honda Pilot | $1,343 | -1% | $545 | -13% |
| Honda HR-V | $1,354 | -0% | $561 | -11% |
| Ford Explorer | $1,355 | -0% | $575 | -8% |
| Dodge Journey | $1,358 | 0% | $585 | -7% |
| VW Beetle | $1,376 | 1% | $549 | -13% |
| Nissan Rogue | $1,380 | 2% | $582 | -7% |
| Ford Focus | $1,384 | 2% | $609 | -3% |
| Nissan 350Z | $1,386 | 2% | $540 | -14% |
| Subaru Legacy | $1,387 | 2% | $531 | -15% |
| Subaru Impreza | $1,388 | 2% | $541 | -14% |
| Ford Taurus | $1,389 | 2% | $580 | -8% |
| Nissan Frontier | $1,401 | 3% | $585 | -7% |
| Toyota Prius | $1,401 | 3% | $549 | -13% |
| Honda Ridgeline | $1,402 | 3% | $557 | -11% |
| Chevy Tahoe | $1,406 | 4% | $585 | -7% |
| Acura MDX | $1,408 | 4% | $562 | -11% |
| Honda Accord | $1,417 | 4% | $572 | -9% |
| MINI Electric | $1,417 | 4% | $496 | -21% |
| Jeep Grand Cherokee | $1,418 | 4% | $618 | -2% |
| Nissan Juke | $1,423 | 5% | $612 | -2% |
| Nissan Versa | $1,423 | 5% | $595 | -5% |
| Mazda3 | $1,424 | 5% | $589 | -6% |
| Honda Insight | $1,431 | 5% | $558 | -11% |
| VW Passat | $1,431 | 5% | $569 | -9% |
| Jeep Cherokee | $1,433 | 6% | $615 | -2% |
| Toyota Camry | $1,434 | 6% | $573 | -9% |
| Nissan Pathfinder | $1,435 | 6% | $594 | -5% |
| Toyota Tundra | $1,438 | 6% | $584 | -7% |
| Nissan LEAF | $1,444 | 6% | $548 | -13% |
| Honda Passport | $1,452 | 7% | $544 | -13% |
| Toyota Corolla | $1,453 | 7% | $598 | -5% |
| Chevrolet Cruze | $1,455 | 7% | $633 | 1% |
| VW Golf | $1,455 | 7% | $550 | -12% |
| Hyundai Elantra | $1,457 | 7% | $605 | -4% |
| Ford Expedition | $1,464 | 8% | $571 | -9% |
| Kia Soul EV | $1,471 | 8% | $566 | -10% |
| VW Jetta | $1,481 | 9% | $596 | -5% |
| Honda Civic | $1,482 | 9% | $600 | -4% |
| Chevy Malibu | $1,490 | 10% | $604 | -4% |
| Nissan Sentra | $1,491 | 10% | $622 | -1% |
| Hyundai Kona | $1,492 | 10% | $543 | -14% |
| Kia Niro | $1,518 | 12% | $549 | -13% |
| Ram 2500 | $1,524 | 12% | $626 | -0% |
| BMW X3 | $1,535 | 13% | $569 | -9% |
| Chevrolet Camaro | $1,538 | 13% | $570 | -9% |
| Audi A3 | $1,542 | 14% | $541 | -14% |
| Jeep Gladiator | $1,544 | 14% | $562 | -10% |
| Subaru WRX | $1,549 | 14% | $542 | -14% |
| Nissan Altima | $1,551 | 14% | $608 | -3% |
| Audi Q5 | $1,566 | 15% | $550 | -12% |
| Chevy Bolt | $1,584 | 17% | $577 | -8% |
| Mercedes GLA 250 | $1,586 | 17% | $559 | -11% |
| Chevrolet Camaro SS | $1,587 | 17% | $524 | -17% |
| Ford Mustang | $1,587 | 17% | $522 | -17% |
| Nissan 370Z | $1,597 | 18% | $519 | -17% |
| Ford Mustang Mach E | $1,603 | 18% | $523 | -17% |
| Volvo XC40 | $1,627 | 20% | $539 | -14% |
| Ram Rebel | $1,636 | 20% | $610 | -3% |
| Ford Mustang Ecoboost | $1,669 | 23% | $550 | -12% |
| Nissan Maxima | $1,676 | 23% | $577 | -8% |
| Dodge Charger | $1,677 | 23% | $644 | 3% |
| VW ID.4 | $1,682 | 24% | $539 | -14% |
| Audi Q7 | $1,690 | 24% | $571 | -9% |
| Subaru BRZ | $1,701 | 25% | $556 | -11% |
| Dodge Challenger R/T | $1,707 | 26% | $602 | -4% |
| BMW 3 Series | $1,708 | 26% | $580 | -8% |
| BMW 1 Series | $1,725 | 27% | $534 | -15% |
| BMW I3 | $1,729 | 27% | $549 | -13% |
| Audi A4 | $1,729 | 27% | $573 | -9% |
| Hyundai Ioniq | $1,729 | 27% | $598 | -5% |
| Mercedes C-Class | $1,749 | 29% | $529 | -16% |
| Mercedes CLA 250 | $1,782 | 31% | $556 | -11% |
| Chevrolet Corvette | $1,783 | 31% | $449 | -28% |
| BMW X5 | $1,845 | 36% | $582 | -7% |
| Toyota 86 | $1,853 | 37% | $599 | -5% |
| BMW 5 Series | $1,874 | 38% | $574 | -9% |
| Dodge Challenger | $1,887 | 39% | $642 | 2% |
| Kia Stinger | $1,937 | 43% | $572 | -9% |
| BMW 4 Series | $1,970 | 45% | $529 | -16% |
| Audi E Tron | $1,982 | 46% | $575 | -8% |
| Chevrolet Camaro ZL1 | $2,020 | 49% | $536 | -15% |
| Mercedes AMG C 63 | $2,104 | 55% | $550 | -12% |
| Tesla Model 3 | $2,117 | 56% | $554 | -12% |
| Tesla Model Y | $2,207 | 63% | $570 | -9% |
| Dodge Challenger SRT Hellcat | $2,270 | 67% | $567 | -10% |
| BMW X7 | $2,426 | 79% | $648 | 3% |
| BMW 7 Series | $2,482 | 83% | $715 | 14% |
| Nissan GT-R | $2,499 | 84% | $527 | -16% |
| Tesla Model S | $2,919 | 115% | $714 | 14% |
| Tesla Model X | $3,041 | 124% | $814 | 30% |
| Audi R8 | $3,112 | 129% | $711 | 13% |
| Porsche Taycan | $3,200 | 136% | $751 | 20% |
| BMW i8 | $3,212 | 137% | $706 | 12% |
Average Cost of Multi-Car Auto Insurance
A multi-car policy lets you insure multiple vehicles under one plan, leading to lower car insurance costs per vehicle. As shown in the table below, households with multiple cars can save an average of 52%, or $736 per year, with a multi-car policy.
MONEYGEEK EXPERT TIP
Accident forgiveness coverage will help you avoid a premium surcharge after your first at-fault accident. While accident forgiveness isn't available in every state and from every insurer, these programs can help you save in the event of an accident. Accident forgiveness typically only applies to one accident per policy, even if there are multiple drivers on the policy. – Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
| GEICO | $1,407 | $2,143 | $736 |
| Nationwide | $1,417 | $2,157 | $740 |
| State Farm | $1,426 | $2,075 | $649 |
| Farmers | $1,460 | $2,821 | $1,361 |
| Progressive | $1,555 | $2,530 | $976 |
| Travelers | $1,656 | $2,321 | $665 |
| Allstate | $1,685 | $2,543 | $857 |
Factors That Affect Car Insurance Costs
Car insurance rating factors are criteria used by insurers to determine your premium. They include driving history, age, vehicle type, location and credit score. Insurers use these factors to assess the risk level associated with insuring you. Here’s a breakdown of some other aspects you should be aware of and how they can influence your car insurance costs.
Factor | How it Affects Car Insurance Rates |
|---|---|
Vehicle Type | Your car’s make, model and year significantly impact your insurance costs. Generally, luxury and sports cars carry higher premiums due to expensive parts and higher accident risks, while sedans and SUVs often have lower rates. The cheapest cars to insure often have high safety ratings, low repair costs and modest market values. |
Gender | With the expection of states that prohibit insurers from using it as a factor (California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania), gender can also impact car insurance rates. Because they're more likely to be involved in accidents, men under 25 tend to pay more for coverage, That said, across ages, females pay slightly more for car insurance than males. |
Insurance History | Drivers with a gap in coverage are often viewed by insurers as higher risk, which can lead to increased premiums. For example, if you go six months without insurance — even if you weren't driving — insurers may consider you less reliable or more prone to risk, resulting in higher rates when you reapply. |
Your Zip Code | Where you live plays a major role in determining your car insurance rates. For instance, drivers in densely populated cities like New York or Miami often pay higher premiums due to increased traffic and higher vehicle crime rates. Conversely, drivers in rural areas with lower crime rates tend to pay less for car insurance. |
Annual Mileage | The more you drive, the greater the likelihood of accidents or other damage, which is why insurers consider your annual mileage when setting rates. For instance, a driver commuting 15,000 miles per year may face higher premiums than someone who only drives 5,000 miles annually. |
Claims History | Car insurance companies often view drivers with previous claims as more likely to file again, which can lead to higher premiums. |
Marital Status | Marital status affects car insurance rates, with single drivers often paying more than married ones. However, Hawaii, Massachusetts and Michigan prohibit insurers from using marital status as a rating factor. |
Car Insurance Cost Estimator
Because car insurance costs depend on a variety of factors, which are weighed differently depending on the insurer, the best way to get the most accurate calculation of your likely car insurance costs is to get a personalized estimate directly from car insurance companies. You can use our car insurance calculator below to see how these factors impact your car insurance costs:
The Top Car Insurance Companies
Insurance Carrier
Avg. Estimated
Annual Premium
Why Does Car Insurance Cost So Much?
Car insurance rates have shifted in recent years, driven by several key factors such as increased inflation, changes in state regulation, and higher medical costs. We discuss each of these factors (and more) below:
Rising Inflation
General inflation affects all sectors, including insurance. As overall costs for goods and services rise, insurers increase premiums to keep up with operating costs.
Higher Repair Costs
Modern vehicles come with advanced technology and parts that are more expensive to repair or replace, driving up insurance costs.
Changes in State Regulations
While the national average has trended upward, the impact on individual rates can differ based on state-specific regulations and an insurer’s underwriting practices. Staying informed about these trends and comparing rates regularly can help you manage costs, even as market factors influence premiums across the board.
Supply Chain Delays
Supply chain issues have made vehicle parts more scarce and expensive, leading to higher repair costs and, consequently, higher insurance rates.
Increasing Medical Expenses
As the cost of medical care continues to rise, insurers face higher expenses for injury claims, which often results in higher premiums for drivers.
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How to Save on Car Insurance
Shopping around, bundling your policies and stacking discounts can save you hundreds of dollars in car insurance costs.
- 1
Shop around for quotes
Regularly compare quotes from different providers to find the best rate, as prices vary and shopping around can lead to savings.
- 2
Bundle insurance policies
Bundling auto and home insurance often leads to discounts, as insurers reward multiple policies with reduced rates. Most major providers offer home and auto bundles. Whether you live with other drivers or own multiple vehicles yourself, combining them on one policy can help you secure a discount.
- 3
Increase your deductibles
Choosing higher deductibles lowers your premium, meaning you'll pay more out of pocket in an accident but enjoy reduced monthly costs.
- 4
Maintain a clean driving record & improve your credit
Safe driving over time can significantly reduce your rates, as avoiding accidents and violations signals lower risk to insurers. Many insurers also consider credit history; a strong credit record may qualify you for better rates, reflecting financial responsibility.
- 5
Take advantage of discounts
Many insurers offer discounts for good driving, academic performance and anti-theft devices. Always inquire about available discounts. Before purchasing a vehicle, check its insurance costs to find the cheapest full coverage car insurance options. For new or high-value cars, adding collision and comprehensive coverage may be worth considering to protect your investment.
- 6
Reduce coverage on older vehicles
As a car’s value declines with age, full coverage may no longer be necessary. Reducing coverage on an older car can help lower premiums. If you have an older vehicle, opting for the cheapest liability-only car insurance can be more cost effective, as these rates aren’t tied to the car’s value and often reduce out-of-pocket expenses.
- 7
Use telematics programs
Some insurers offer programs that monitor driving habits, rewarding safe drivers with lower rates — a benefit for those with a driving record.
- 8
Attend a defensive driving course
Completing approved driving courses can reduce rates, particularly for those with a record, and in some states, it may shorten the duration of an offense on your record. However, if you have SR-22 or FR-44 insurance, a course won’t lower rates during the SR-22 term. Options like state-sponsored driving courses may reduce the impact, and not all insurers raise rates after a first offense.
- 9
Drive a car with safety features
Vehicles with safety features like airbags and anti-lock brakes often qualify for lower rates due to reduced injury risk.
Car Insurance Cost: Bottom Line
The cost of car insurance depends on several factors, including location, vehicle type, driving history and individual demographics. While national trends show rising premiums due to inflation, repair costs and other market factors, comparing quotes and exploring discounts can help you secure a competitive rate. Ultimately, understanding the factors affecting your premium allows you to make informed decisions and find coverage that fits your budget.
Car Insurance Cost: FAQ
MoneyGeek addressed some of the most commonly asked questions on this topic to provide more insight into the average cost of car insurance in the U.S.
How much is car insurance per month?
The average monthly cost of car insurance for the average U.S. driver is around $50 for state minimum liability-only coverage and approximately $108 for full coverage. These averages can vary based on factors like location, driving history and the type of vehicle insured.
Who pays most for car insurance?
Young drivers, particularly those aged 16 to 19, typically pay the most for car insurance. Their rates are higher due to their inexperience and higher accident rates. Additionally, drivers with a record of traffic violations or DUIs and those with poor credit also face higher premiums.
Is car insurance higher for expensive cars?
Yes, insurance is usually higher for expensive cars. Higher costs are due to the increased expense of repairs and replacements, alongside the potential for more costly claims. Premium vehicles often have more expensive parts and specialized maintenance requirements.
Average Cost of Car Insurance: Methodology
Study Overview
Car insurance rates differ greatly based on various factors — the insurer you choose, your age, gender, vehicle, location, credit-based insurance score, driving record and more. MoneyGeek gathered aggregate data organized by the main factors that insurers use to calculate car insurance rates and analyzed the collection to calculate and discover average rates.
Data Acquisition, Depth and Analysis
MoneyGeek's data comes from Quadrant Information Services as well as State departments of insurance and includes 83,056 quotes from 46 companies across 473 zip codes.
Driver Profiles
The following sample driver profile was used to determine averages (unless otherwise noted):
- 40-year-old male
- Clean driving record
- Comprehensive and collision coverage of 100/300/100 with a $1,000 deductible
- 2012 Toyota Camry LE
- 12K miles driven annually
When noted, this driver profile was modified by age, gender, geographic location, vehicle, credit score and driving record to determine averages for different driver profiles and needs.
Coverage Levels and Deductibles Explained
Average rates on this page are determined with 100/300/100 comprehensive and collision coverage with a $1,000 deductible (unless otherwise noted).
A 100/300/100 policy means:
- $100,000 in bodily injury liability insurance per person
- $300,000 in bodily injury liability insurance per accident
- $100,000 in property damage liability insurance per accident
- A $1,000 deductible means that you would need to pay $1,000 before your insurance provider covers the rest. Generally, a higher deductible means a lower policy premium.
When different coverage levels are noted, MoneyGeek modified the coverage of the sample driver to provide average rates for a 50/100/50 liability-only policy and a 50/1000/50 comprehensive and collision policy and calculated average rates dependent upon if a policy was paid in full annually, every six months or monthly.
Learn more about MoneyGeek's methodology
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
sources
- California Department of Insurance. "Driving For Seniors." Accessed November 19, 2024.
- Insurance Information Institute. "Senior Driving Safety and Insurance tips." Accessed November 19, 2024.
- National Safety Council. "Age of Driver." Accessed November 19, 2024.