The average car insurance cost is $1,548 per year. That is $774 per six month policy or $129 per month. LOWA is the cheapest and LOUSIANA is the most expensive state for average car insurance.Car insurance quotes vary widely based on individual factors of rating. Here’s how your insurance may differ depending on some factors like the type of your car, your age and even where you live.
- Car insurance is mandatory by law in the USA and in the presence of various cheap car insurance companies, one should always go for a car insurance policy to cover the accidental damage to his car.
- Don’t worry at all if you are a new driver and have a fear that there may be any damage to your car. You can go for the car insurance policy for new drivers, to be on safe side if any loss happens to your car because of less experience on roads.
National Average Cost Of Car Insurance
These rates are for full coverage policies, including liability, comprehensive, collision, uninsured motorist protection / uninsured and any additional coverage required by the state.
- $ 1,427 for good driver with good credit.
- $ 1,781 after a speeding ticket.
- $ 2,146 after an accident at fault.
- $ 2,506 for a good driver with bad credit.
- $ 2,531 after a DUI.
- $ 2106 for 50-year-old married couple with two cars.
- $ 3,906 for a married couple plus one teen driver, with two cars.
For the required minimum coverage average car insurance rates are:
- $ 755 after a speeding ticket.
- $ 910 after an at-fault accident.
- $ 1,078 for a good driver with bad credit.
- $ 1,079 after a DUI.
How Much Average Car Insurance Cost In My State?
Your living place can have a huge impact on auto insurance rates because each state has different standards for auto insurance. Average prices in the highest states are three to four times higher than those of the cheapest.
The amount of insurance you have also matters: car insurance full coverage is more than twice the price of minimum coverage, on average, according to our analysis. This is what our analysis of the state-by-state insurance rates 2020 shows cars for drivers with good credit and no recent accidents:
Maine is the cheapest state for full coverage car insurance with an annual average of $ 916 rate, followed by Idaho and Virginia.
Louisiana is the most expensive state for auto insurance coverage total $ 2,971 per year on average, followed by Florida and Michigan.
Lowa is the cheapest state required minimum coverage, at an average annual insurance auto $ 309, followed by South Dakota and Vermont.
For minimum coverage required, Michigan is the most expensive at $ 1,285 state per year, on average, followed by Florida and Louisiana.
|State||Full coverage||Minimum coverage||Annual difference|
|District of Columbia||$1,527||$755||$772|
The Average Car Insurance Cost By Company
Each insurance company treats each factor differently. If you have bad credit, an insurer could charge 10% more for politics, while another might charge 40% more. A discount for being free advertising in recent years could get a discount of 20% with a company and 5% in another.
All this results in very different rates from one person to the next. This is why the company that gives your super low rates friend might not be the cheapest for you. Here are the annual rates of many of the largest insurers in the country, for a total and minimum coverage.
|Company||Full coverage||Minimum required coverage|
|Automobile Club Group||$1,468||$606|
|Auto Club of SoCal||$1,610||$633|
1-The average car insurance cost after a speeding ticket
A clean driving record helps auto insurance rates keep low, but one speeding ticket can not hurt their rates as much as you think. On average, you can expect that auto insurance rates are about 25% higher after a speeding ticket for going 16 miles above the limit, the analysis found.
For a driver with a ticket recent excess speed, average insurance rates car are:
- $ 1,781 per year for full coverage.
- $ 755 per year for minimum coverage
2-The average car insurance cost after an accident at fault
Causing an accident raises auto insurance rates around twice a speeding ticket. After an accident, the average auto insurance rates for a driver who was at fault are:
- $ 2,146 per year for full coverage.
- $ 910 per year for minimum coverage.
On average, auto insurance rates are 50% higher for a driver who has caused an accident that no one has.
3-The average cost of auto insurance for good and bad credit
Having bad credit has a surprisingly large impact on auto insurance rates in most states. On average, auto insurance rates for drivers with bad credit are more than 75% higher than for people with good credit.
The average car insurance rates for a driver with bad credit are:
- $ 2,506 per year for full coverage.
- $ 1,078 per year for minimum coverage
4-Average rates of car insurance after a DUI
Get caught drinking and driving will mean significantly higher prices for car insurance. On average, auto insurance rates up around 77% for a driver of a DUI recent analysis found.
For a driver 40 years of age, auto insurance rates average after a DUI are:
- $ 2,531 per year for full coverage.
- $ 1,079 per year for minimum coverage
5-The average car insurance cost for young drivers
Insurers are less experienced drivers as a larger and typically charge them heavier price risk. On average, auto insurance rates are more than $ 200 to the highest year for a driver of 25 years old, 40 years old, our analysis found.
A driver for 25 years with good credit and a clean driving record, insurance rates average cars are:
- $ 1,663 for full coverage.
- $ 682 for the minimum required coverage.
But young drivers number or credit history less than perfect driving is likely to pay more for car insurance.
6-Average car insurance cost according to age
7-The average car insurance rates for couples and families
Two cars are more expensive to insure than one, especially when a teen driver adds to the mix. For a 50-year-old married couple with two vehicles, average annual auto insurance rates are:
- $ 2,106 for a husband and wife.
- $ 3,906 for a couple and a driver of 18 years old.
If the teen driver is male, our hypothetical family will have to pay more. In the eyes of insurance companies, young male drivers are at particularly high risk because they are more likely to cause accidents than other drivers.
8-The average cost of auto insurance, by gender
On average, auto insurance costs differ slightly by gender compared to the differences we see by the company, the state, the credit score and driving record. That does not mean that a difference in cost because of their gender would be negligible, just not a factor pricing well illustrated by national statistics.
Pricing based on gender it is prohibited by law in seven states: California, Hawaii, Massachusetts, Montana, North Carolina, Pennsylvania and parts of Michigan.
In states where the practice is allowed, an average of the rates for men and women separately and found that on average:
- At age 25, men pay about $ 51 more women per year.
- At age 40, women pay around $ 37 M per year than men.
9-How much is the average cost of car insurance per month?
Even with the understanding of the above variables it is impossible to define auto insurance quotes for any individual driver without assessing their full profile and that’s why comparing auto insurance is so significant.
Each car insurance company has a different formula for risk assessment, and the only way to find the best auto insurance rates is to speak with several suppliers.
However, there are average car insurance rates quoted by some sources that can help you get a rough idea of what to expect to pay for car insurance.
10-The average cost of auto insurance by vehicle
In other analyzes, we used a 3-year-old Toyota Camry (the most popular sedan in the US for sales in recent years) to show how rates vary according to personal history and demographics. However, the make and model of your vehicle will certainly affect rates.
Insurers charge more to cover certain cars, including:
Sports cars, which have higher maximum speeds. People tend to drive faster, increasing the likelihood of an accident or violation. If you get a ticket for speeding, insurers believe will be more likely to cause an accident, increasing rates further.
Luxury cars because they tend to have the pieces and details that are more expensive to replace if it is damaged in an accident expensive.
Electric vehicles, which have the most expensive parts replacement engine, especially the batteries, which can cost thousands each.
Cars that have been stolen often, they tend to have higher rates of insurance, you pay when your car is stolen or damaged by something unrelated to traffic, such as floods, fires and vandalism. Comprehensive insurance is usually optional unless you have a loan or lease.
|Rank||Average annual insurance premium|
|1. Subaru Outback||$1,429|
|2. Jeep Wrangler||$1,455|
|3. Honda CR-V||$1,474|
|4. Jeep Compass||$1,497|
|5. Ford Escape||$1,503|
|6. Subaru Forester||$1,537|
|7. Chevrolet Equinox||$1,551|
|8. GMC Sierra 1500||$1,563|
|9. Toyota Tacoma||$1,571|
|10. Jeep Cherokee||$1,579|
|11. Toyota Highlander||$1,603|
|12. Toyota RAV4||$1,606|
|13. Nissan Rogue||$1,611|
|14. Ford Explorer||$1,628|
|15. Ram 1500||$1,645|
|16. Ford F-150||$1,654|
|17. Honda Accord||$1,660|
|18. Chevrolet Silverado 1500||$1,665|
|19. Hyundai Elantra||$1,732|
|20. Honda Civic||$1,743|
|21. Ford Fusion||$1,746|
|22. Toyota Camry||$1,758|
|23. Nissan Sentra||$1,797|
|24. Toyota Corolla||$1,797|
|25. Nissan Altima||$1,853|
Summary:Each car insurance company sets rates based on dozens of factors, including your driving history, location, vehicle and demographics. They are making an educated guess about how likely you are to file a lawsuit in the future and setting its price accordingly.
Porcelain:For cheap car insurance, you have to choose the least amount of coverage that is legally required. This “skeleton” coverage usually involves liability insurance to lower legal limits. I found this $ 24 / month Insurance Panda. If you cause an accident, which pays for damage to property of others and medical bills and that’s all. For more coverage, you have to increase the limits and purchase optional coverages, which bring the highest price much safer.I found this guide very informative to me.
Justin Cheung;Now I know more about how to calculate the cost of my car insurance. Thanks for the info.
john:very informative guide.
Frequently asked questions:
Car insurance quotes vary widely based on individual factors of rating. This equates to a rate of average car insurance about $ 119 per month for 40 years, drivers with good credit and a clean driving record. However, average costs vary widely for other types of drivers.People also ask for
1-What is average cost of car insurance?
If you have a car, you’re going to need car insurance but find the average price of insurance is difficult because everyone agrees. According to the Association of British Insurers (ABI), the average cost of car insurance in the UK for full hedging costs £ 485 per year.
According Statista.com, the average cost of auto insurance for people in their 20’s were
highest in the age groups, with an average of £ 1,035.
The average age for the lowest car insurance UK was for those in their fifties with the average cost of £ 600. This does not mean that the older we get less for your insurance, however, obtained the price goes up again once you hit your 60’s.
2-Why do I need car insurance?
Insurance is a contract,represented by a policy,in which an individual or entity receive financial protection.Here is the reason of why do i need car insurance.The law says you need at the least third party insurance to drive your car on roads in the UK. Your car also needs to be secured if you are parked on the street or on your property.
3-How much the average person spend on car insurance?
Through 2020 as a result of COVID-19 lockdown. Your premiums may differ, however, as prices vary dramatically by factors such as car make and model.
In late June 2020, the average cost of car insurance was £ 460 per year, but prices vary considerably from one person to another depending on their age.
4-How much is cheap car insurance?
The cheapest car insurance can be found for almost £ 100 a year, but the cheaper policies could offer very little coverage of their needs. Cheap, comprehensive car insurance decent quality usually starts from around £ 400 per year in the UK, but prices vary dramatically by factors such as age and the car.
The average cost of car insurance per month is around £ 43.25 a month in the UK. This means you pay an APR of 22.9% on a political calculation costs £ 460 per year, which is the average annual cost of car insurance.
5-How much car insurance have gone up?
After dropping for some time, the auto insurance premiums rose at the end of 2019, rising a little more than 1% from end 2018 to end 2019; But no premiums auto insurance have fallen about 5% in 2020 so far. If your renewal seems too high, you can compare quotes with our insurance partner QuoteZone car in less than 2 minutes and get the prices of some of the largest auto insurance companies in the UK.
6-What factors effect on car insurance?
There are many factors that affect the cost of car insurance, including details about yourself (such as your age, driving experience, driving record, occupation and place of residence), your car (eg, value, age the size of the engine) and how to use your car (for example, annual mileage, driving reason and where your car is stored at night).
From all of the above scenario of average car insurance cost we concluded that the amount payable depends on many things, including the above reasons, but prices are rising substantially in all areas.But there are many ways to lower your insurance cost and make it cheap. To follow all rules and step-by-step guides then you will get the affordable car insurance. Several companies provide car insurance at different rates.
- $ 100,000 of liability coverage for bodily injury per person.
- $ 300,000 liability coverage for bodily injury per accident.
- $ 50,000 property damage liability coverage per accident.
- $ 100,000 uninsured motorist bodily injury coverage per person.
- $ 300,000 insured motorist coverage injury accident.
- Collision coverage deductible of $ 1,000.
- Comprehensive coverage with $ 1,000 deductible.