Key Takeaways
- Car insurance costs can range anywhere from $16 to $697 per month depending on coverage, driver profile, location, vehicle and provider chosen.
- The three most influential factors that affect your car insurance rates are your location, provider chosen and age.
- You can save money on car insurance by comparing multiple providers, only choosing the coverage you need, and improving your credit score.
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How Much Is Car Insurance on Average in the U.S.?
In the United States, the average annual cost of car insurance is $869 for minimum coverage and $2,681 for full coverage. However, this cost is based on a 35-year-old driver with good credit and no driving violations. Costs can differ based on a variety of factors and can range anywhere from $154 per year to $10,905 per year.
Below, we’ve listed major factors we investigated, other than coverage, that influence your pricing and you can click each to learn more about each.
- Location
- Provider
- Age
- Driving Record
- Credit Score
- Vehicle
Our overall national average cost is based on a 35-year-old driver with good credit and no driving violations. This acts as our base profile for evaluating how factors such as age, driving history, location and vehicle affect your rates. Minimum-coverage averages are based on each state’s minimum requirements (including Washington, D.C.) Averages for full coverage are based on liability limit splits of $50K bodily injury coverage per person, $100K bodily injury coverage per accident and $50K for property damage with a $500 deductible for collision and comprehensive coverage.
As we present costs further in this article, we control all variables and modify the factor presented to isolate how much influence it has on your rates. Keep in mind that the pricing we show is meant to act as a general guideline of rates you can expect and does not represent all combinations of factors.
Average Car Insurance Cost by Location
While not in our control, location is the second most influential factor that affects car insurance rates. Depending on where you live, costs can be as low as $279 per year and up to $10,905 annually on average. Below, you can view how rates can differ by state, city and zip code.
Each state has unique weather, traffic, crime and other patterns that affect pricing of car insurance. Below you can compare average rates for each state including Washington, D.C. and their affordability ranks — how cheap or expensive they are compared to other states — nationwide:
| State | Average Annual-Minimum Coverage Rate | Average Annual Full-Coverage Rate | Overall National Affordability Rank |
|---|---|---|---|
| Alabama | $572 | $2,048 | 12 |
| Alaska | $506 | $2,116 | 13 |
| Arizona | $956 | $3,127 | 39 |
| Arkansas | $589 | $2,398 | 22 |
| California | $736 | $3,040 | 35 |
| Colorado | $750 | $3,010 | 34 |
| Connecticut | $1,293 | $3,206 | 43 |
| Delaware | $1,288 | $3,364 | 44 |
| Florida | $1,605 | $3,795 | 47 |
| Georgia | $1,256 | $2,907 | 41 |
| Hawaii | $455 | $1,581 | 3 |
| Idaho | $463 | $1,588 | 4 |
| Illinois | $823 | $3,054 | 36 |
| Indiana | $557 | $1,949 | 9 |
| Iowa | $456 | $1,994 | 8 |
| Kansas | $683 | $2,421 | 25 |
| Kentucky | $1,072 | $2,545 | 33 |
| Louisiana | $1,497 | $4,357 | 49 |
| Maine | $456 | $1,460 | 2 |
| Maryland | $1,261 | $2,943 | 42 |
| Massachusetts | $759 | $2,620 | 28 |
| Michigan | $1,640 | $4,626 | 50 |
| Minnesota | $752 | $2,463 | 26 |
| Mississippi | $563 | $2,140 | 14 |
| Missouri | $752 | $2,613 | 27 |
| Montana | $517 | $2,368 | 18 |
| Nebraska | $545 | $2,252 | 17 |
| Nevada | $1,665 | $3,870 | 48 |
| New Hampshire | $594 | $1,766 | 7 |
| New Jersey | $1,609 | $3,454 | 46 |
| New Mexico | $608 | $2,335 | 20 |
| New York | $2,490 | $8,232 | 51 |
| North Carolina | $815 | $2,271 | 24 |
| North Dakota | $490 | $2,029 | 10 |
| Ohio | $511 | $1,660 | 6 |
| Oklahoma | $710 | $3,256 | |
| Oregon | $1,161 | $2,408 | 32 |
| Pennsylvania | $893 | $3,909 | 45 |
| Rhode Island | $1,084 | $2,921 | 38 |
| South Carolina | $959 | $2,519 | 30 |
| South Dakota | $443 | $2,590 | 23 |
| Tennessee | $707 | $2,237 | 21 |
| Texas | $960 | $3,156 | 40 |
| Utah | $968 | $2,451 | 29 |
| Vermont | $366 | $1,539 | 1 |
| Virginia | $726 | $2,070 | 16 |
| Washington | $661 | $2,110 | 15 |
| Washington, D.C. | $870 | $2,636 | 31 |
| West Virginia | $617 | $2,308 | 19 |
| Wisconsin | $561 | $2,003 | 11 |
| Wyoming | $303 | $1,794 | 5 |
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*Costs are for a 35 year-old driver with good credit and no driving violations who is insuring a 2023 Toyota Camry
Within each state, cities vary in terms of their population densities, traffic, weather and crime patterns. Those in large cities tend to pay more for car insurance while those in smaller, less population-dense areas have more affordable rates on average. However, this is not true in all cases.
Below, we’ve summarized the average car insurance costs for the largest cities in each state and will detail whether it is the most expensive, and if not, the city that has the highest rates.
| Largest City in Each State | Average Annual Minimum Coverage Rate | Average Annual Full Coverage Rate | Is it the most expensive in the State? |
|---|---|---|---|
| Albuquerque, N.M. | $715 | $2,590 | No, Las Vegas, N.M. |
| Anchorage, Alaska | $679 | $2,304 | Yes |
| Atlanta | $1,590 | $3,475 | No, Lithonia, Ga. |
| Baltimore | $1,802 | $3,999 | Yes |
| Billings, Mont. | $592 | $2,470 | Yes |
| Birmingham, Ala. | $618 | $2,259 | No, Auburn, Ala. |
| Boise City, Idaho | $482 | $1,497 | No, Nampa, Idaho |
| Boston | $834 | $3,239 | No, Worcester, Mass. |
| Bridgeport, Conn. | $1,617 | $3,979 | No, New Haven, Conn. |
| Burlington, Vt. | $409 | $1,514 | No, Jeffersonville, Vt. |
| Charleston, S.C. | $1,071 | $2,688 | No, North Charleston, S.C. |
| Charleston, W. Va. | $657 | $2,358 | No, Barboursville, W. Va. |
| Charlotte, N.C. | $976 | $2,622 | Yes |
| Cheyenne, Wyo. | $338 | $1,707 | No, Jackson, Wyo. |
| Chicago, Ill. | $874 | $3,307 | Yes |
| Columbus, Ohio | $571 | $1,873 | Yes |
| Denver | $860 | $3,378 | Yes |
| Des Moines, Iowa | $507 | $2,033 | No, Council Bluffs, Iowa |
| Detroit | $2,392 | $5,831 | Yes |
| Fargo, N.D. | $536 | $1,765 | No, Fort Yates, N.D. |
| Honolulu | $472 | $1,574 | No, Captain Cook, Hawaii |
| Houston | $1,170 | $3,316 | No, Dallas |
| Indianapolis | $574 | $2,056 | Yes |
| Jackson, Miss. | $607 | $2,291 | No, Picayune, Miss. |
| Jacksonville, Fla. | $1,357 | $3,377 | No, Country Club, Fla. |
| Kansas City, Mo. | $791 | $2,690 | No, St. Louis |
| Las Vegas | $1,890 | $4,289 | No, Sunrise Manor, Nev. |
| Little Rock, Ark. | $698 | $2,633 | No, Magnolia, Ark. |
| Los Angeles | $892 | $3,578 | No, Panorama City, Calif. |
| Louisville, Ky. | $1,432 | $2,943 | Yes |
| Manchester, N.H. | $705 | $1,979 | Yes |
| Milwaukee | $760 | $2,699 | Yes |
| Minneapolis | $889 | $2,852 | No, St. Paul, Minn. |
| Nashville, Tenn. | $673 | $2,127 | No, Memphis, Tenn. |
| New Orleans | $1,815 | $5,151 | No, Terrytown, La. |
| New York | $2,571 | $8,931 | Yes |
| Newark, N.J. | $1,889 | $4,282 | No, Perth Amboy, N.J. |
| Oklahoma City | $798 | $3,450 | No, Midwest City, Okla. |
| Omaha, Neb. | $632 | $2,422 | No, Scottsbluff, Neb. |
| Philadelphia | $1,004 | $4,508 | Yes |
| Phoenix | $1,084 | $3,520 | Yes |
| Portland, Maine | $495 | $1,485 | No, Skowhegan, Maine |
| Portland, Ore. | $1,381 | $2,807 | Yes |
| Providence, R.I. | $1,386 | $3,729 | Yes |
| Salt Lake City | $1,070 | $2,608 | No, West Jordan, Utah |
| Seattle | $756 | $2,344 | No, Tacoma, Wash. |
| Sioux Falls, S.D. | $528 | $2,339 | No, Pine Ridge, S.D. |
| Virginia Beach, Va. | $736 | $2,048 | No, Norfolk, Va. |
| Wichita, Kan. | $758 | $2,611 | No, Dodge City, Kan. |
| Wilmington, Del. | $1,623 | $4,148 | Yes |
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*Costs are for a 35 year-old driver with good credit and no driving violations who is insuring a 2023 Toyota Camry
Even between zip codes, there are large variations in the costs you can expect to pay which can be upwards of thousands of dollars on average. To put this into perspective, we’ve highlighted the most and least expensive zip codes for full coverage for some of the largest cities in the United States.
| City | Most Expensive Zip Code and Average Annual Full-Coverage Rate | Cheapest Zip Code and Average Annual Full-Coverage Rate |
|---|---|---|
| New York | 11212: $10,905 | 10002: $5,558 |
| Houston | 77072: $3,375 | 77084: $3,136 |
| New Orleans | 70117: $5,421 | 70124: $4,585 |
| Philadelphia | 19121: $4,931 | 19128: $3,719 |
| Detroit | 48205: $5,743 | 48234: $5,731 |
| Baltimore | 21216: $4,425 | 21230: $3,430 |
| Providence, R.I. | 02907: $3,991 | 02906: $3,382 |
| Phoenix | 85009: $3,918 | 85044: $2,952 |
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*Costs are for a 35-year-old driver with good credit and no driving violations who is insuring a 2023 Toyota Camry
Average Car Insurance Cost by Provider
The provider you choose has the second biggest impact on your car insurance rates. National providers often take the spotlight, but in some cases, regional and local providers offer more affordable coverage. So to illustrate this, we’ve broken down average costs for national, regional and local (in one to three states) providers.
As a group, nationwide providers tend to have the most expensive car insurance on average among the providers we’ve studied. We’ve classified national providers as those that are available in 30 or more states. Below, you can compare pricing for some of the companies we analyzed in this category.
| National Provider | Average Annual Minimum-Coverage Rate | Average Annual Full-Coverage Rate |
|---|---|---|
| Allstate | $1,194 | $3,340 |
| AIG | $1,268 | $4,739 |
| Amica | $1,065 | $3,385 |
| Auto Club Enterprises | $955 | $3,455 |
| Chubb | $1,223 | $5,091 |
| Farmers | $1,296 | $3,495 |
| Geico | $620 | $1,995 |
| Kemper | $848 | $2,702 |
| National General Insurance | $946 | $2,979 |
| Nationwide | $877 | $2,063 |
| Progressive | $859 | $2,326 |
| SafeAuto Insurance | $1,085 | $4,334 |
| Safeway Insurance | $1,234 | $3,556 |
| Selective Insurance | $1,082 | $2,304 |
| State Farm | $861 | $2,544 |
| The Hartford | $922 | $2,682 |
| Travelers | $691 | $1,692 |
| USAA | $471 | $1,741 |
| Utica Insurance | $1,282 | $3,271 |
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*Rates presented are based on a 35-year-old driver with good credit and no driving violations for providers licensed to provide auto insurance in 30 or more states.
Regionally based providers are available in four to 29 states and are in the middle of the road for average car insurance costs when compared to local and national providers. Below, you can compare each company’s rates for both minimum and full coverage.
| Regional Provider | Average Annual Minimum-Coverage Rate | Average Annual Full-Coverage Rate |
|---|---|---|
| Acuity Insurance | $656 | $2,917 |
| American Family Insurance | $1,254 | $2,700 |
| Arbella Insurance | $850 | $2,966 |
| Auto-Owners Insurance | $507 | $1,898 |
| Central Insurance | $430 | $1,878 |
| Country Financial | $580 | $1,960 |
| Donegal Insurance Group | $1,685 | $5,210 |
| Erie Insurance | $655 | $1,894 |
| Grange Insurance | $943 | $2,321 |
| Grinnell Mutual | $604 | $3,286 |
| Hallmark Fin Serv Grp | $939 | $6,878 |
| IMT Insurance | $394 | $1,960 |
| Mercury Insurance | $1,044 | $3,002 |
| MMG Insurance | $348 | $1,322 |
| NJM Insurance | $1,029 | $2,154 |
| North Star Mutual Insurance | $402 | $2,816 |
| Pekin Insurance | $854 | $3,048 |
| Penn National Insurance | $1,223 | $2,705 |
| Plymouth Rock Assurance | $507 | $1,708 |
| Shelter Insurance | $656 | $2,167 |
| Southern Farm Bureau | $617 | $2,276 |
| Vermont Mutual Insurance | $500 | $1,819 |
| West Bend | $512 | $2,010 |
| Western National Insurance | $519 | $2,506 |
| Westfield | $576 | $3,193 |
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*Rates presented are based on a 35-year-old driver with good credit and no driving violations for providers licensed to provide auto insurance between four to 29 states.
Local car insurance companies, which are available in just one to three states, sport the most affordable rates as a group when compared to other company types. Below, you can compare the prices for a sample of the companies we’ve reviewed.
| Local Provider | Average Annual Minimum-Coverage Rate | Average Annual Full-Coverage Rate |
|---|---|---|
| Alfa Insurance | $619 | $3,950 |
| American Farmers & Ranchers | $479 | $2,272 |
| California Casualty | $701 | $2,744 |
| Cumberland Insurance | $1,174 | $2,958 |
| Farmers Mutual of Nebraska | $257 | $1,511 |
| Frankenmuth Insurance | $839 | $2,882 |
| Indiana Farm Bureau Insurance | $590 | $2,376 |
| Indiana Farmers Insurance | $505 | $2,075 |
| Iowa Farm Bureau | $572 | $2,683 |
| Island Insurance Companies | $425 | $1,770 |
| Kentucky Farm Bureau | $409 | $2,221 |
| Louisiana Farm Bureau | $1,438 | $4,892 |
| Michigan Farm Bureau | $1,586 | $5,082 |
| Missouri Farm Bureau | $424 | $2,316 |
| Mutual of Enumclaw Insurance | $793 | $2,766 |
| North Carolina Farm Bureau | $929 | $3,091 |
| Oklahoma Farm Bureau | $903 | $3,534 |
| Patrons Co-operative Insurance | $417 | $1,835 |
| Pemco Insurance | $496 | $2,364 |
| Pioneer State Mutual | $1,261 | $5,180 |
| Quincy Mutual Group | $791 | $2,532 |
| Redpoint Insurance Group | $708 | $1,720 |
| Rural Mutual Ins Co | $276 | $1,517 |
| Safety Insurance | $486 | $1,806 |
| Tennessee Farmers Insurance | $389 | $1,511 |
| Texas Farm Bureau Insurance | $483 | $1,427 |
| Union Mutual | $190 | $787 |
| United Insurance | $1,499 | $2,949 |
| Virginia Farm Bureau | $464 | $1,309 |
| Wawanesa General Insurance | $699 | $2,384 |
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*Rates presented are based on a 35-year-old driver with good credit and no driving violations for providers licensed to provide auto insurance in three states or less.
Average Car Insurance Cost by Age
Your age is the second most influential factor in determining car insurance costs and can increase prices by up to 125%. Costs are highest for those who are 16 years old and gradually decrease until drivers hit 55 years old, when car insurance rates are lowest. From there, auto insurance costs will increase slightly when entering senior years.
Below, you can compare the average prices for minimum and full coverage for the ages we studied.
| Age | Average Annual Minimum-Coverage Rate | Average Annual Full-Coverage Rate |
|---|---|---|
| 16 | $3,378 | $6,226 |
| 17 | $2,917 | $5,989 |
| 18 | $2,575 | $5,669 |
| 19 | $1,955 | $5,192 |
| 21 | $1,441 | $4,186 |
| 25 | $1,009 | $3,070 |
| 35 | $869 | $2,681 |
| 45 | $865 | $2,565 |
| 55 | $804 | $2,375 |
| 65 | $844 | $2,425 |
| 75 | $1,004 | $2,788 |
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Average Car Insurance Cost by Credit Score
In most states, your credit score is the third most influential factor affecting your rates, and having poor credit makes car insurance prices 100% higher on average. Below, you can view the difference between our base profile with good credit against a driver with poor credit.
| Credit Score Category | Average Annual Minimum-Coverage Cost | Average Annual Full-Coverage Cost |
|---|---|---|
| Good | $869 | $2,681 |
| Poor | $3,213 | $5,358 |
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Average Car Insurance Cost by Driving Record
The next most influential factor in determining car insurance costs is your driving record. Violations like car accidents, DUIs or speeding tickets can increase your rates by up to 44% on average. Below, you can see how common driving violations can affect your car insurance costs.
| Driving Record Category | Average Annual Minimum-Coverage Cost | Average Annual Full-Coverage Cost |
|---|---|---|
| Clean | $869 | $2,681 |
| Single Accident | $1,294 | $3,591 |
| Single DUI | $1,548 | $3,874 |
| Single Speeding Ticket | $1,099 | $3,235 |
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Average Car Insurance Cost by Car
The brand, model and age of your car also influence the cost of car insurance coverage due to differing repair and replacement costs. To illustrate this, we’ll break down the costs we gathered for different vehicle types and specific models for popular brands.
Car Insurance Cost by Vehicle Type
According to our research, SUVs tend to have the cheapest car insurance rates while EVs tend to be the priciest to insure. SUVs are popular in the United States, which makes parts more readily available, and often, these types of vehicles have good reliability, leading to lower repair costs overall However, electric vehicles have expensive rates due to their high price tags and parts.
See the full-coverage cost breakdown for each type of vehicle below.
| Vehicle Type | Average Monthly Full-Coverage Rate | Average Annual Full-Coverage Rate |
|---|---|---|
| Sedans | $220 | $2,635 |
| Trucks | $203 | $2,439 |
| SUVs | $195 | $2,339 |
| Hybrids | $196 | $2,357 |
| Electric Vehicles (EVs) | $293 | $3,520 |
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Car Insurance Cost by Model
Different models within brands have varying reliability ratings, part repair/replacement costs and popularity, which influences the availability and costs of parts. Below, you can compare pricing for the models of ten major automakers we reviewed.
| Vehicle Model | Monthly Full-Coverage Rate | Annual Full-Coverage Rate |
|---|---|---|
| Chevrolet Equinox | $188 | $2,253 |
| Chevrolet Malibu | $217 | $2,602 |
| Chevrolet Silverado | $205 | $2,458 |
| Chevrolet Silverado EV | $228 | $2,740 |
| Ford Bronco | $183 | $2,192 |
| Ford Escape Hybrid | $189 | $2,266 |
| Ford F150 | $203 | $2,438 |
| GMC Acadia | $212 | $2,546 |
| GMC Sierra | $202 | $2,418 |
| GMC Hummer EV | $352 | $4,221 |
| Honda CRV Hybrid | $185 | $2,223 |
| Honda Civic | $209 | $2,507 |
| Honda Ridgeline | $205 | $2,455 |
| Hyundai Elantra | $223 | $2,681 |
| Hyundai Ioniq | $226 | $2,709 |
| Hyundai Santa Fe | $207 | $2,486 |
| Kia EV6 | $256 | $3,067 |
| Kia Forte | $233 | $2,799 |
| Kia Sportage | $192 | $2,298 |
| Nissan Altima | $248 | $2,981 |
| Nissan Frontier | $200 | $2,396 |
| Nissan Leaf | $210 | $2,519 |
| Nissan Rogue | $210 | $2,517 |
| Subaru Crosstrek | $185 | $2,214 |
| Subaru Impreza | $186 | $2,233 |
| Tesla Model 3 | $305 | $3,664 |
| Tesla Model S | $399 | $4,786 |
| Tesla Model X | $376 | $4,516 |
| Tesla Model Y | $286 | $3,426 |
| Toyota Prius | $215 | $2,582 |
| Toyota RAV4 | $194 | $2,325 |
| Toyota Tacoma | $205 | $2,460 |
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Other Car Insurance Costs Factors To Know
In the sections below, we detail the other common factors that affect your car insurance rates that we haven’t discussed.
If you drive fewer miles per year than most drivers, you’re less of a risk to insure and may receive lower premiums.
Homeowners often get discounted insurance rates for bundling policies, meaning rates are sometimes lower for these drivers.
In many states, married drivers pay less than single drivers on average.
While often not affecting rates by more than 1%, male drivers pay slightly more for car insurance. However, the use of gender as a cost-affecting factor is outlawed in California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania.
Some professionals like teachers and government employees may get occupation or affiliation discounts.
Insurance costs fluctuate with the market. If other costs have inflated, your insurance rates may have, too.
Leased and financed cars often require both comprehensive and collision coverage, making them more expensive to insure.
The more people and cars you have on your policy, the cheaper the per-person costs typically are.
If you’ve had any lapses in coverage or claims, your rates will be higher. The longer you have continuous coverage and the fewer claims you have, the less risk you’ll represent to insurance companies.
Car Insurance Cost Trends You Need To Know
The cost of car insurance, like most goods since 2021, has dramatically increased due to many factors. Prime among these is inflation caused by the Covid-19 lockdowns, leading to increased costs of all goods and services. While each industry was hit differently by these changes, we observed the following trends that affect the insurance industry and the prices of auto insurance:
- Since July of 2023, the Consumer Price Index (CPI) for auto insurance increased by 18.6%.
- The CPI for maintenance and repairs of motor vehicles increased by 4.6%
- Nationally, vehicle theft increased by 1% from 2022 to 2023
- Overall, national prices for consumer goods fell by 2.9% in July of 2024, being the first time since March of 2021 inflation has been below 3%.
- New car prices have remained high at an average of $48,401, but have been relatively stagnant since 2023.
- According to Cargurus, the average prices of used cars dropped 6.6% year over year from August 2023 to August 2024.
We also consulted Stephen Yao, assistant professor of insurance and risk management at the University of Central Arkansas to get more insight on this issue of rising prices. He told us the following:
“Once inflation is reflected in the general price levels, prices tend to stay at a higher level,” he said. “Even [a] lower inflation rate still means price levels continue to increase.”
How To Get Affordable Car Insurance Rates
If you’re shopping for car insurance online and are receiving quotes that are outside your budget, here are several strategies to save money:
Shop around: It’s worth comparing rates from several insurers before you commit to a contract. Since insurance companies weigh risk factors differently, you may qualify for a lower car insurance premium from another provider.
Bundle plans: Bundling your home and auto insurance policies typically results in significant premium discounts. You can also save money by insuring multiple vehicles under the same car insurance policy.
Take a defensive driving class: Every state offers state-approved driver safety programs. Depending on the state, these classes are around six or eight hours long. Most insurers offer discounts up to 5% for the completion of these programs.
Use a monitoring app: Several providers offer usage-based discounts or usage-based insurance programs. After signing up, you’ll monitor your driving habits through an app that tracks things like braking distance, average speed and driving times and rewards you for good behavior on the road.
Reduce coverage: As your vehicle ages, you may no longer need comprehensive and collision insurance policies. The rule of thumb is that you should drop coverage when your annual premium exceeds 10% of your vehicle’s total value.
Utilize discounts: Car insurance companies offer discount opportunities to help customers save on their premiums that different types of drivers are eligible for.
Compare quotes before renewal: Out of 2,000 drivers we surveyed, only 11% of respondents said they shopped for auto coverage every six months, while just over half reported doing so less than once a year. While sticking with your current insurer feels natural, factors that impact your rates may have changed. You could save on premiums by comparing rates from other providers before you renew.
Read more: How To Save Money on Car Insurance
Average Car Insurance Price: The Bottom Line
After conducting in-depth industry research, our team found that the average full-coverage policy costs $2,681 per year or $223 per month on average. This is higher than minimum-liability coverage because it incorporates liability, comprehensive and collision insurance. Minimum-liability coverage costs $869 per year or $72 per month on average.
You should expect your rate to differ from national averages for a variety of reasons. To find the best car insurance price, we recommend shopping around and comparing car insurance rates from reputable insurance providers.
Average Cost of Car Insurance: FAQ
Below are frequently asked questions about the average car insurance rates:
The average cost of car insurance for full coverage is $2,681 per year or $223 a month. Minimum liability coverage costs an average of $869 per year or $72 per month. However, your costs will vary depending on factors such as age, location, credit score and driving record.
If you have a full-coverage car insurance policy, $100 per month is a very affordable cost. In fact, our research shows that the national average for full coverage is $223 per month. For a minimum-liability policy, the national average is around $72 per month.
State Farm is both the largest auto insurer in the country and the winner of our Best Customer Experience award. According to the National Association of Insurance Commissioners (NAIC), State Farm holds 18.3% of the market share. The company wrote about $58 billion in direct premiums in 2023.
According to our research, full-coverage car insurance for an 18-year-old driver costs $5,669 per year or $472 per month on average if they purchase their own policy. Thankfully, many providers offer discounts for adding a teen driver to your family policy.
It’s generally cheaper to pay your car insurance premium annually. This is because insurers often package processing costs into each installment if you pay monthly or quarterly. Most providers also offer a discount if you pay in full up front.
Louisiana has the highest average car insurance costs in the country. According to our research, the average cost of a full-coverage policy in the state is $4,357 per year or $363 per month.
How We Calculate Average Car Insurance Rates
Our comprehensive rating system utilizes the latest 2024 insurance rates from Quadrant Information Services in combination with data we’ve collected on dozens of insurance companies. To help consumers get the most accurate picture of insurance rates nationally, we’ve averaged rates from providers across all 50 states. Unless otherwise specified, our base driver profiles for car insurance quotes include male and female drivers, age 35, driving a 2023 Toyota Camry with a clean driving record and good credit.
We’ve also looked at quotes for drivers of multiple ages and those with a history of accidents, speeding tickets or DUIs, as well as drivers with poor credit. Our minimum-coverage quotes reflect coverage that meets mandatory insurance minimums in each state, while our full-coverage quotes reflect the following coverage amounts:
✓ $50,000 per person in bodily injury coverage
✓ $100,000 per accident in bodily injury coverage
✓ $50,000 per person in property damage coverage
✓ $500 comprehensive coverage deductible
✓ $500 collision coverage deductible
Unless otherwise noted, providers in this piece are presented unranked with accompanying rate averages. However, when rating providers nationally, we take several factors into account:
- Coverage (30% of total score): Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
- Cost and Discounts (25% of total score): Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities are both taken into consideration.
- Industry Standing (20% of total score): Our research team considers market share, ratings from industry experts and years in business when giving this score.
- Customer Experience (15% of total score): This score is based on volume of complaints reported by the National Association of Insurance Commissioners (NAIC) and customer satisfaction ratings reported by J.D. Power. We also consider the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.
- Availability (10% of total score): Auto insurance companies with greater state availability and few eligibility requirements score highest in this category.
Our credentials:
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*Data accurate at time of publication.
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