- How Much Does Car Insurance Cost?
- How Much is Car Insurance Per Month?
- Average Car Insurance Costs from Different Companies
- Do Average Monthly Car Insurance Rates Vary by State?
- Car Insurance Average Cost by Age and Gender
- How Much is the Average Car Insurance Cost for Top-Selling Vehicles?
- How Much Is Auto Insurance Rates For Drivers With Bad Credit?
- How Much is Car Insurance for Drivers with Accidents, Tickets and DUI?
- Average Car Insurance Rates for Adding a Teen
- Comparison Shop to Save
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For a driver with good credit and a clean record, the average cost of car insurance is $1,758 annually, or $146 per month, for a full coverage policy. That’s according to CarInsurance.com’s rate analysis of coverage from up to six insurers for nearly every ZIP code in the nation. While what you pay will depend on your unique driver profile, it’s helpful to know the average cost of car insurance so you’re aware of how much you can expect to pay. Here we provide an overview for various driver profiles and show how rates break down by coverage level, state and company.
How Much Does Car Insurance Cost?
Listed below is the average cost of car insurance for three coverage levels, as follows:
- State minimum liability requirements, this varies by state, and many states have super low limits, but a typical amount is $25,000 for medical bills for injuries in an accident you cause, up to $50,000 per accident, with $25,000 for property damage you cause (25/50/25)
- Liability limits of $50,000 for injuries you cause in an accident, up to $100,000 per accident, with $50,000 to pay for property damage (50/100/50)
- Full coverage with comprehensive and collision, which cover damage to your car, carrying a $500 deductible, $100,000 for injuries you cause in an accident, up to $300,000 per accident, with $100,000 for property damage (100/300/100)
| Coverage Type | State Minimum | 50/100/50 | 100/300/100 |
|---|---|---|---|
| Average Cost | $574 | $644 | $1,758 |
| Monthly Cost | $48 | $54 | $147 |
*Average Rates
How Much is Car Insurance Per Month?
The average driver will pay less than $50 a month for minimum coverage, about $55 for standard liability coverage and nearly $150 a month for full coverage. Many factors affect how much you pay for car insurance, but chief among them is how much coverage you buy. As you can see in the chart above, a bare-bones policy that doesn’t’ cover damage to your car and is just enough to drive legally costs much less than a policy with higher liability limits and optional comprehensive and collision insurance.It costs just about $6 a month to boost coverage from state minimum liability limits to higher limits for more protection. To jump from state minimum coverage to full coverage costs about $100 more a month.
Average Car Insurance Costs from Different Companies
Here are average annual rates from the nation’s largest car insurance companies for state minimum, mid-level and full coverage policies. There are many variables that car insurance companies consider when deciding car insurance costs. Your location, age, driving record and other factors all come into play. Each insurance company assesses these factors using its own unique calculations for estimating the likelihood you’ll file a claim in the future, or in other words, how much risk you pose to their bottom line. That’s why rates differ so much for the same policy among various insurance companies, and why one of the best ways to save is to compare auto insurance rates.
| Company Name | State Minimum | Liability Only | Full Coverage |
|---|---|---|---|
| Progressive | $315 | $333 | $895 |
| Geico | $318 | $365 | $1,200 |
| North Carolina Farm Bureau | $332 | $374 | $1,141 |
| USAA | $358 | $473 | $1,111 |
| Mississippi Farm Bureau | $376 | $420 | $1,701 |
| Owners Insurance | $404 | $457 | $1,435 |
| Farmers | $405 | $436 | $1,343 |
| Erie | $414 | $490 | $1,372 |
| Texas Farm Bureau | $414 | $458 | $1,465 |
| Kentucky Farm Bureau | $422 | $469 | $2,193 |
| Safety Insurance | $435 | $558 | $1,217 |
| State Farm | $484 | $561 | $1,505 |
| AAA Texas | $493 | $537 | $1,784 |
| Arbella | $493 | $648 | $1,622 |
| United Financial | $499 | $667 | $1,795 |
| Liberty Mutual | $534 | $628 | $2,082 |
| Mid Century | $553 | $604 | $1,820 |
| Allstate | $555 | $648 | $2,164 |
| Nationwide | $573 | $598 | $1,619 |
| Travelers | $599 | $685 | $1,322 |
| New Jersey Manufacturers Insurance | $660 | $785 | $1,660 |
| Illinois Farmers | $681 | $740 | $1,695 |
| Amco | $687 | $784 | $1,798 |
| Louisiana Farm Bureau | $698 | $901 | $2,329 |
| Amica | $703 | $935 | $2,585 |
| Colonial County Mutual | $735 | $708 | $1,663 |
| New York Central Mutual and Fire | $757 | $843 | $2,123 |
| Victoria | $803 | $1,480 | $3,610 |
| Safeco | $840 | $899 | $1,944 |
| Allied | $1,111 | $1,265 | $2,347 |
| Safeway | $1,237 | $1,310 | $3,074 |
| Foremost | $1,417 | $1,749 | $3,569 |
*Rates shown above are average rates per year
- State Minimum - Liability Only BI/PD
- Liability Only - 50/100/50 BI/PD
- Full Coverage - 100/300/100 BI/PD $500 Comp/Collision
Do Average Monthly Car Insurance Rates Vary by State?
Where you live is one of the major factors used by car insurance companies to set car insurance costs. Typically, insurers will use your location as the springboard for deciding what you pay. They take into account the amount and cost of claims in your area, as well as the frequency of theft and vandalism. From there, they adjust your rate up or down depending on other factors such as your age, driving record, credit history, the type of car you drive and other demographics. Additionally, state laws differ in what is mandated as required coverage to drive. And, generally, drivers in densely populated cities and urban areas pay more than those who live in rural areas. This means that state car insurance rates vary significantly.
| State | State Minimum Annually | Monthly Rate | Liability Only Annually | Monthly Rate | Full Coverage Annually | Monthly Rate |
|---|---|---|---|---|---|---|
| Alaska | $412 | $34 | $420 | $35 | $1,560 | $130 |
| Alabama | $498 | $42 | $545 | $45 | $1,713 | $143 |
| Arkansas | $449 | $37 | $479 | $40 | $1,763 | $147 |
| Arizona | $578 | $48 | $707 | $59 | $1,783 | $149 |
| California | $606 | $51 | $752 | $63 | $2,125 | $177 |
| Colorado | $553 | $46 | $604 | $50 | $1,948 | $162 |
| Connecticut | $891 | $74 | $972 | $81 | $2,036 | $170 |
| DC | $839 | $70 | $949 | $79 | $2,188 | $182 |
| Delaware | $843 | $70 | $943 | $79 | $1,921 | $160 |
| Florida | $828 | $69 | $1,100 | $92 | $2,162 | $180 |
| Georgia | $684 | $57 | $754 | $63 | $1,865 | $155 |
| Hawaii | $485 | $40 | $558 | $47 | $1,589 | $132 |
| Iowa | $326 | $27 | $354 | $30 | $1,352 | $113 |
| Idaho | $377 | $31 | $415 | $35 | $1,285 | $107 |
| Illinois | $493 | $41 | $545 | $45 | $1,538 | $128 |
| Indiana | $430 | $36 | $466 | $39 | $1,266 | $106 |
| Kansas | $464 | $39 | $496 | $41 | $1,689 | $141 |
| Kentucky | $669 | $56 | $756 | $63 | $2,368 | $197 |
| Louisiana | $771 | $64 | $955 | $80 | $2,601 | $217 |
| Massachusetts | $520 | $43 | $651 | $54 | $1,466 | $122 |
| Maryland | $853 | $71 | $901 | $75 | $1,816 | $151 |
| Maine | $355 | $30 | $359 | $30 | $1,080 | $90 |
| Michigan | $1,855 | $155 | $1,919 | $160 | $3,151 | $263 |
| Minnesota | $614 | $51 | $663 | $55 | $1,619 | $135 |
| Missouri | $546 | $46 | $601 | $50 | $1,798 | $150 |
| Mississippi | $413 | $34 | $477 | $40 | $1,684 | $140 |
| Montana | $447 | $37 | $487 | $41 | $1,963 | $164 |
| North Carolina | $438 | $37 | $481 | $40 | $1,425 | $119 |
| North Dakota | $423 | $35 | $453 | $38 | $1,577 | $131 |
| Nebraska | $393 | $33 | $426 | $36 | $1,500 | $125 |
| New Hampshire | $424 | $35 | $447 | $37 | $1,086 | $91 |
| New Jersey | $846 | $71 | $1,025 | $85 | $1,993 | $166 |
| New Mexico | $479 | $40 | $536 | $45 | $1,604 | $134 |
| Nevada | $717 | $60 | $945 | $79 | $2,402 | $200 |
| New York | $867 | $72 | $960 | $80 | $2,062 | $172 |
| Ohio | $406 | $34 | $427 | $36 | $1,191 | $99 |
| Oklahoma | $418 | $35 | $455 | $38 | $1,815 | $151 |
| Oregon | $674 | $56 | $724 | $60 | $1,496 | $125 |
| Pennsylvania | $502 | $42 | $584 | $49 | $1,700 | $142 |
| Rhode Island | $738 | $62 | $921 | $77 | $2,040 | $170 |
| South Carolina | $617 | $51 | $673 | $56 | $1,653 | $138 |
| South Dakota | $323 | $27 | $362 | $30 | $1,643 | $137 |
| Tennessee | $462 | $39 | $514 | $43 | $1,493 | $124 |
| Texas | $538 | $45 | $565 | $47 | $1,823 | $152 |
| Utah | $565 | $47 | $596 | $50 | $1,492 | $124 |
| Virginia | $380 | $32 | $424 | $35 | $1,196 | $100 |
| Vermont | $398 | $33 | $434 | $36 | $1,410 | $118 |
| Washington | $537 | $45 | $587 | $49 | $1,620 | $135 |
| Wisconsin | $401 | $33 | $450 | $38 | $1,335 | $111 |
| West Virginia | $541 | $45 | $608 | $51 | $1,654 | $138 |
| Wyoming | $328 | $27 | $354 | $30 | $1,782 | $149 |
*Rates shown above are average rates as per our analysis
- State Minimum - Liability Only BI/PD
- Liability Only - 50/100/50 BI/PD
- Full Coverage 100/300/100 - BI/ PD- $500 Comp/Collision
Car Insurance Average Cost by Age and Gender
What you pay for coverage also depends on your age, and in most states, your gender. Car insurance companies generally assume younger, inexperienced drivers will file more accident claims, so charge more to cover their costs. When it comes to gender, teen females typically pay much less for car insurance than teen males.
Female drivers from age 16 to 24 pay, on average, around $500 less (15%) a year for car insurance compared to their male counterparts, according to CarInsurance.com’s rate analysis. Our rate data show from age 25 to 65 rates for males and females are within 5%of each other, with rates for males a tad cheaper from age 45 to 75. After age 75, females start again to pay less, but only around 7%, or $100, annually.
Below are rates by again each state, by gender and age, for a full coverage policy. Note that in the following states do not allow insurers to use gender when setting rates:
- Massachusetts
- California
- Hawaii
- Pennsylvania
- North Carolina
- Montana
| Age | State Minimum | Liability Only | Full Coverage |
|---|---|---|---|
| 16 | $2,661 | $3,036 | $7,279 |
| 17 | $2,208 | $2,520 | $6,119 |
| 18 | $1,910 | $2,172 | $5,399 |
| 19 | $1,346 | $1,525 | $3,873 |
| 20 | $1,175 | $1,329 | $3,454 |
| 21 | $916 | $1,035 | $2,737 |
| 22 | $836 | $942 | $2,503 |
| 23 | $772 | $868 | $2,321 |
| 24 | $724 | $813 | $2,179 |
| 25 | $657 | $737 | $1,957 |
| 30 | $599 | $670 | $1,763 |
| 35 | $594 | $664 | $1,739 |
| 40 | $593 | $663 | $1,720 |
| 45 | $569 | $636 | $1,638 |
| 50 | $552 | $617 | $1,569 |
| 55 | $536 | $598 | $1,519 |
| 60 | $535 | $598 | $1,507 |
| 65 | $555 | $622 | $1,547 |
| 70 | $594 | $665 | $1,626 |
| 75 | $674 | $758 | $1,808 |
- State Minimum : Liability Only BI/PD
- Liability Only : 50/100/50 BI/PD
- Full Coverage : 100/300/100, BI/PD, $500 Comp/Collision
How Much is the Average Car Insurance Cost for Top-Selling Vehicles?
Car insurance costs also vary by make and model, as insurance companies consider, along with other factors we’ve mentioned already, how safe the vehicle is, what its rate of accident claims are and how much it costs to repair. Here are average car insurance rates for the nation’s top-selling 2020 vehicles:
| Make | Model | Average Rate |
|---|---|---|
| Ford | F-150 XL | $1,440 |
| Chevrolet | Silverado 1500 LT | $1,572 |
| Dodge | Ram 1500 Express | $1,524 |
| Toyota | RAV4 Adventure | $1,501 |
| Toyota | Camry L | $1,640 |
| Chevrolet | Equinox LS | $1,479 |
| Honda | CR-V LX | $1,333 |
| Toyota | Corolla L | $1,712 |
| Honda | Civic LX | $1,606 |
| Nissan | Rogue Sport SV | $1,494 |
| Ford | Explorer XLT | $1,492 |
| Toyota | Tacoma SR | $1,449 |
| GMC | Sierra 1500 | $1,527 |
| Jeep | Grand Cherokee Laredo | $1,503 |
| Ford | Escape S | $1,397 |
| Toyota | Highlander LE | $1,494 |
| Nissan | Altima 2.5 S | $1,823 |
| Honda | Accord LX | $1,586 |
| Jeep | Wrangler JL Sport S | $1,334 |
| Subaru | Forester 2.5I | $1,373 |
| Ford | Fusion SE | $1,652 |
| Ford | Transit Connect XL | $1,436 |
| Chevrolet | Malibu L | $1,621 |
| Mazda | CX-5 Sport | $1,374 |
| Jeep | Cherokee Latitude | $1,436 |
How Much Is Auto Insurance Rates For Drivers With Bad Credit?
The average car insurance cost for drivers with bad credit is $1,050 a year, according to CarInsurance.com’s expert rate analysis. That’s 71% higher than what a driver with good credit pays.
Nearly all states allow car insurance companies to take into account your credit history when setting auto insurance rates. (California, Hawaii and Massachusetts do not allow this practice.) Using credit history to determine the cost of car insurance is a controversial topic. Insurers say that their research shows that drivers with bad credit file more claims, and therefore are a higher risk. Critics say that it’s discriminatory and that car insurance costs should be based solely on driver performance.
While the debate continues, some states have started drafting legislation that would ban the use of credit in underwriting policies. For now, though, it is still a common practice among carriers.
How Much is Car Insurance for Drivers with Accidents, Tickets and DUI?
Drivers with recent accidents and traffic violations generally pay more than drivers with clean records. If you have several infractions or accidents, you will certainly have higher rates, especially if you’ve been convicted of a more serious violation, like a DUI. Below are average yearly insurance costs and percentage increases for such common scenarios, based on a full coverage policy:
- DUI: $2,652, or 79% more
- One at-fault bodily injury accident: $1,889, or 32% more
- One property damage accident over $2,000: $1,880, or 31% more
- Speeding: $1,709, or 20% more
Bear in mind, though, that even if you don’t have a clean driving record, you can still save by comparison shopping. Some insurers will raise your rates by a lot, others by a little, depending on how they assess risk and set rates.
Average Car Insurance Rates for Adding a Teen
Listing a female teen, age 16, on your full coverage policy results in an average annual insurance cost of $3,212, a 125% hike. The cost for adding coverage for a male, age 16 is $3,722, or a 160% increase, on average.
If you are adding your teen driver to your coverage, the cost for insurance is definitely going to increase for you. Inexperienced drivers pay higher rates and teens fall into that category. In general, adding a teen to your coverage will be the cheapest route to take. Though your rates will go up, it’s cheaper than your child having his or her own policy.
Comparison Shop to Save
Regardless of what insurance cost you’ve read about here that matches your situation, you can save money by comparison shopping.
You can also use our car insurance estimator tool to see a customized rate for your particular driver profile. And, the average car insurance rates by ZIP code shows costs for three different coverage levels for various ages and locations, for three coverage levels.
