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How much is car insurance?
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Key insights from Bankrate's car insurance rates analysis:
- Full coverage car insurance costs an average of $1,771 per year, while minimum coverage is $545 per year.
- USAA, Geico and Erie offer some of the cheapest full coverage car insurance, but are not all available to all drivers.
- Auto-Owners, Geico and USAA offer the cheapest minimum coverage car insurance among companies we analyzed, on average.
- Having a severe infraction like a DUI on your motor vehicle record could increase your car insurance premium by 93% on average.
- Teen male drivers may pay $807 more for car insurance on average compared to teen female drivers.
How much does car insurance cost by state?
On average, car insurance costs around $1,771 per year for full coverage and $545 per year for minimum coverage. However, when determining “how much does car insurance cost” in a specific area, the answer can vary depending on a variety of factors. The state where you live, individual rating factors, accident and claim reporting frequency, and even cost of labor and parts can cause one city or state to be more expensive than others.
Average car insurance cost by state in 2022
| Alabama | $1,760 | $443 |
| Alaska | $1,770 | $417 |
| Arizona | $1,743 | $579 |
| Arkansas | $1,806 | $437 |
| California | $2,190 | $619 |
| Colorado | $2,019 | $495 |
| Connecticut | $1,533 | $646 |
| Delaware | $1,963 | $747 |
| Florida | $2,762 | $997 |
| Georgia | $2,009 | $642 |
| Hawaii | $1,206 | $338 |
| Idaho | $1,065 | $271 |
| Illinois | $1,533 | $475 |
| Indiana | $1,242 | $329 |
| Iowa | $1,254 | $227 |
| Kansas | $1,802 | $419 |
| Kentucky | $1,954 | $658 |
| Louisiana | $2,864 | $807 |
| Maine | $876 | $227 |
| Maryland | $1,931 | $836 |
| Massachusetts | $1,296 | $446 |
| Michigan | $2,345 | $946 |
| Minnesota | $1,692 | $600 |
| Mississippi | $1,701 | $450 |
| Missouri | $1,893 | $515 |
| Montana | $1,795 | $310 |
| Nebraska | $1,538 | $367 |
| Nevada | $2,426 | $846 |
| New Hampshire | $1,182 | $324 |
| New Jersey | $1,891 | $855 |
| New Mexico | $1,489 | $347 |
| New York | $2,996 | $1,339 |
| North Carolina | $1,392 | $431 |
| North Dakota | $1,225 | $268 |
| Ohio | $1,200 | $336 |
| Oklahoma | $1,902 | $408 |
| Oregon | $1,371 | $625 |
| Pennsylvania | $2,002 | $441 |
| Rhode Island | $1,847 | $569 |
| South Carolina | $1,464 | $518 |
| South Dakota | $1,542 | $274 |
| Tennessee | $1,383 | $372 |
| Texas | $1,868 | $551 |
| Utah | $1,449 | $544 |
| Vermont | $1,000 | $242 |
| Virginia | $1,347 | $483 |
| Washington | $1,313 | $482 |
| Washington D.C. | $1,948 | $613 |
| West Virginia | $1,527 | $427 |
| Wisconsin | $1,246 | $363 |
| Wyoming | $1,510 | $262 |
Top 5 cheapest states for car insurance
Drivers in Maine, Vermont, Idaho, New Hampshire and Ohio pay the cheapest annual full coverage car insurance rates in the nation, on average. Factors like cheaper cost of living, lower probability of accidents and claims, and less traffic congestion could be contributing to these states' lower average premiums.
- Maine: $876 per year — 51 percent below national average
- Vermont: $1,000 per year — 44 percent below national average
- Idaho: $1,065 per year — 40 percent below national average
- New Hampshire: $1,182 per year — 33 percent below national average
- Ohio: $1,200 per year — 32 percent below national average
Top 5 most expensive states for car insurance
Based on our research, drivers in New York, Louisiana, Florida, Nevada and Michigan have the highest average annual cost of full coverage car insurance. This could be due in part to frequent claims for common losses in these states, making drivers riskier to insure overall.
- New York: $2,996 per year — 69 percent above national average
- Louisiana: $2,864 per year — 62 percent above national average
- Florida: $2,762 per year — 56 percent above national average
- Nevada: $2,426 per year — 37 percent above national average
- Michigan: $2,345 per year — 32 percent above national average
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How much does car insurance cost by company?
On average, car insurance from some of the top insurance carriers in the nation can range from $1,200 to $2,500 per year for full coverage, the cheapest being from USAA and Geico. But because each auto insurance company has its own proprietary underwriting system, the cost of car insurance for each individual will vary from carrier to carrier. For drivers looking for the best car insurance company, keep in mind that the coverage you choose plays a role too. The average cost of full coverage car insurance is about 225 percent more than minimum coverage.
The table below showcases the average annual and monthly full coverage premiums for some of the largest car insurance companies in the nation by market share.
Allstate | Annual full coverage premium $2,438 | Monthly full coverage premium $203 |
American Family | Annual full coverage premium $1,627 | Monthly full coverage premium $136 |
Amica | Annual full coverage premium $1,495 | Monthly full coverage premium $125 |
Auto-Owners | Annual full coverage premium $1,305 | Monthly full coverage premium $109 |
Erie | Annual full coverage premium $1,321 | Monthly full coverage premium $110 |
Farmers | Annual full coverage premium $1,524 | Monthly full coverage premium $127 |
Geico | Annual full coverage premium $1,297 | Monthly full coverage premium $108 |
Mercury | Annual full coverage premium $1,483 | Monthly full coverage premium $124 |
Nationwide | Annual full coverage premium $1,383 | Monthly full coverage premium $115 |
Progressive | Annual full coverage premium $1,561 | Monthly full coverage premium $130 |
State Farm | Annual full coverage premium $1,397 | Monthly full coverage premium $109 |
The Hartford | Annual full coverage premium $2,002 | Monthly full coverage premium $167 |
Travelers | Annual full coverage premium $1,447 | Monthly full coverage premium $121 |
USAA | Annual full coverage premium $1,209 | Monthly full coverage premium $101 |
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Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Allstate | Annual min coverage premium $558 | Monthly min coverage premium $47 |
American Family | Annual min coverage premium $592 | Monthly min coverage premium $49 |
Amica | Annual min coverage premium $444 | Monthly min coverage premium $37 |
Auto-Owners | Annual min coverage premium $325 | Monthly min coverage premium $27 |
Erie | Annual min coverage premium $476 | Monthly min coverage premium $40 |
Farmers | Annual min coverage premium $550 | Monthly min coverage premium $46 |
Geico | Annual min coverage premium $365 | Monthly min coverage premium $30 |
Mercury | Annual min coverage premium $528 | Monthly min coverage premium $44 |
Nationwide | Annual min coverage premium $549 | Monthly min coverage premium $46 |
Progressive | Annual min coverage premium $542 | Monthly min coverage premium $45 |
State Farm | Annual min coverage premium $456 | Monthly min coverage premium $38 |
The Hartford | Annual min coverage premium $583 | Monthly min coverage premium $49 |
Travelers | Annual min coverage premium $477 | Monthly min coverage premium $40 |
USAA | Annual min coverage premium $354 | Monthly min coverage premium $30 |
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How much does car insurance cost by age?
Car insurance companies use many different rating factors to determine your premium, and in most states, your age may significantly impact how much you pay for coverage. Statistically speaking, younger drivers and the elderly are most likely to be involved in an accident, so these groups usually pay the most for car insurance.
The table below demonstrates the average cost of car insurance for various age groups. It’s important to note that your age will not affect your premium if you live in Hawaii or Massachusetts, as state regulations prohibit auto insurers from using age as a rating factor.
Car insurance costs for young drivers
Statistically speaking, young drivers are more likely to be involved in a car accident, and the accidents these drivers are involved in are also more deadly. The fatal crash rate is almost three times higher for 16- to 19 year-old drivers compared to those 20 and older. Since car insurance companies are more likely to pay out when insuring a young driver, they charge higher premiums to offset the risk.
In the tables below, you’ll see the higher-than-average premiums that young drivers tend to pay due to their inexperience behind the wheel. You may notice that, based on this data, 18-year-olds pay more for car insurance than 16-year-olds. This is because we’ve rated 18-year-olds as if they were on their own policy rather than as listed drivers on their parents’ policy (as is the case with 16- and 17 year-old drivers).
Additionally, it may be worth mentioning that many car insurance companies offer telematics programs, which can be a great way to save on your premium while instilling safe driving habits in your younger driver.
| 16 year old | $3,836 | $1,282 |
| 17 year old | $3,580 | $1,189 |
| 18 year old | $5,320 | $1,714 |
| 19 year old | $4,130 | $1,291 |
| 20 year old | $3,782 | $1,160 |
| 21 year old | $3,005 | $913 |
| 22 year old | $2,779 | $836 |
| 23 year old | $2,625 | $785 |
| 24 year old | $2,494 | $745 |
*16- and 17-year-old rates reflect the total cost of the teen driver added to their parent’s policy with student discounts applied.
**18- through 25-year-old rates reflect renters (not homeowners) calculated on their own policy.
How does gender impact the cost of car insurance?
Gender also impacts your premium in most states. Men typically cost more to insure than women. This is because men generally engage in riskier driving behaviors than women and have a higher rate of accident severity, according to the Insurance Information Institute (Triple-I). However, not all states allow gender to be a factor in rates. If you live in California, Hawaii, Massachusetts, Michigan, North Carolina or Pennsylvania, your gender does not affect how much you pay for car insurance because of state regulations prohibiting this rating factor.
The table below shows the difference in premiums that men and women may expect to pay across different ages. Notice how the price difference between genders narrows as people get older but starts to increase again once drivers hit their senior years.
| 20 year old | $4,060 | $3,504 | $556 | 14.7% |
| 25 year old | $2,196 | $2,059 | $137 | 6.4% |
| 30 year old | $1,888 | $1,854 | $34 | 1.8% |
| 40 year old | $1,778 | $1,764 | $14 | 0.8% |
| 50 year old | $1,661 | $1,652 | $9 | 0.5% |
| 60 year old | $1,612 | $1,597 | $15 | 0.9% |
| 70 year old | $1,755 | $1,729 | $26 | 1.5% |
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Why rates vary
Based on data from the U.S. Department of Transportation’s Fatality Analysis Reporting System, the Insurance Institute for Highway Safety (IIHS) found that in 2020, male drivers accounted for 72 percent of passenger vehicle driver deaths, while female drivers accounted for 28 percent.
Other key IIHS report findings include:
- Male drivers have more frequent fatal accidents. Male drivers between the ages of 30-59 were involved in the most fatal vehicle crashes in 2017 compared to all age and gender demographics.
- Male drivers have more alcohol-involved accidents. 32 percent of driver fatalities in 2019 were connected with male drivers with a blood alcohol level at or above .08. Female drivers accounted for an estimated 21 percent.
- Male drivers have more speeding-related accidents. Male drivers accounted for 30 percent of driver fatalities caused by speeding in 2020, compared to female drivers at 20 percent.
How does driving record impact the cost of car insurance?
Drivers with an at-fault accident on their driving record pay around 42 percent more for car insurance on average compared to drivers with a clean driving record. This average increase is even higher for drivers with a DUI conviction, at 93 percent, showing how the severity of an incident and being considered a high-risk driver could impact your premium.
- Speeding ticket: Earning a speeding ticket conviction may be one of the most common driving infractions and, on average, it increases full coverage premiums by 21 percent. Every car insurance carrier will have its own algorithm for determining rates after a speeding ticket. For example, even after a speeding ticket conviction, Erie and USAA’s average car insurance rates are around $1,400 annually, both below the national average cost of car insurance.
- At-fault accident: An at-fault accident on your record could raise your monthly full coverage car insurance payment from $148 to $210, and increase your annual premium by 42 percent. If this is your first accident and you’ve previously added optional coverage like accident forgiveness to your policy, you may be able to avoid the surcharge.
- DUI conviction: Being convicted of a DUI could raise your monthly full coverage premium to nearly $300, and stay on your driving record for 10 years or more. The amount surcharged will also vary in each state. For example, the average cost of car insurance after a DUI for a full coverage policy is $3,539 per year in Kentucky, but around $5,530 per year in Louisiana.
Average car insurance cost with driving incidents
| Clean driving record | $148 | $1,771 | $0 |
| Speeding ticket | $178 | $2,138 | + $367 |
| At-fault accident | $210 | $2,521 | + $750 |
| DUI conviction | $285 | $3,421 | + $1,650 |
How much does car insurance cost by credit score?
Average car insurance cost by credit score
| Poor credit score | $250 | $3,002 |
| Average credit score | $159 | $1,907 |
| Good credit score | $148 | $1,771 |
| Excellent credit score | $130 | $1,556 |
Drivers with poor credit pay nearly 70 percent more for full coverage car insurance compared to those with good credit. In states where using a credit-based insurance score as a rating factor is allowed, insurers review your insurance credit tier, which is not necessarily identical to your credit score from services like Experian, TransUnion or Equifax.
Regulations in California, Hawaii, Massachusetts and Michigan prohibit auto insurers from using credit as a factor when setting rates.
How much does car insurance cost by vehicle type?
The type of vehicle you drive has a significant impact on your car insurance premium. The price and availability of parts, cost of labor, statistical likelihood of accidents and the vehicle’s safety and crash prevention features could all influence how much you pay for coverage. The vehicle makes and models in the table below are well-suited for a variety of lifestyles and budgets.
Some vehicle makes and models are considered more expensive to insure by insurance companies. These shared features can include:
- High-end vehicles, like luxury or sports cars: The high price tag of these vehicles are often coupled with expensive parts, leading to more costly repairs in the event of a claim, as well as higher speed maximums compared to standard vehicles, increasing the risk of at-fault accidents.
- Vehicle size: Larger vehicles may weigh more and carry more passengers, which could cause more damage in accidents compared to smaller vehicles.
- Common, more affordable vehicles: Though economy cars may be easier on a budget, they may also be more susceptible to vandalism and theft due to having less security measures, raising the likelihood of comprehensive claims.
Average car insurance cost by vehicle type
| BMW 330i | $189 | $2,270 |
| Ford F-150 | $127 | $1,523 |
| Honda Odyssey | $129 | $1,542 |
| Toyota Prius | $160 | $1,924 |
What factors affect my car insurance price?
In addition to your state requirements, vehicle type, age (except in Hawaii and Massachusetts), driving record and gender (in most states), several other common rating factors will impact your auto insurance premium. By looking at these rating factors, car insurance companies can get a sense of your risk profile and what it might cost to insure you.
- Coverage selections: Your car insurance coverage options have a significant effect on your rate. If you select higher liability limits, choose lower deductible levels or add optional coverage types like comprehensive and collision coverage, your rates will likely be higher.
- Insurance history: If you’ve had continuous car insurance for the length of time you’ve been a licensed driver, you may pay lower rates. Lapses in your coverage (unless you did not own a car during that time) can be an indication of high-risk behavior and may increase your premium.
- Annual mileage: The more you drive, the more likely you are to get into an accident. Policyholders who drive fewer miles a year often qualify for lower rates (typically less than 7,500 miles per year, but it could vary by carrier).
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Industry news: Car insurance rates have risen in 2022
Across the country, average car insurance rates are in flux. Due to recent inflation, supply chain issues and an increase in claims, car insurance companies are continuing to file for auto insurance rate changes throughout the country. Rates have increased 12.9 percent from October 2021 to October 2022, according to the Consumer Price Index. For this reason, when you receive your latest policy renewal letter, you might notice a change compared to the previous period, although because of how individualized car insurance rates are, it’s possible that not all drivers will experience a rate increase.
How to find the best car insurance prices
Buying car insurance doesn’t have to mean breaking the bank; there are ways to save. Discounts are one of the best ways to lower your premium. Most major car insurance carriers offer discounts. Here are some of the most common insurance discounts in the U.S.
Drivers who have no auto claims on their record for the past 3-5 years typically qualify for savings. This could include either a claims-free or safe driving discount.
You can often reduce your auto insurance premium when you bundle your car insurance policy with a home insurance policy or another type of policy offered by your insurer.
Adding a young driver could drastically increase your overall auto insurance premium. Many auto insurers offer discounts for young drivers who earn good grades in high school or college.
If you can afford to pay your car insurance premium in full, versus monthly or quarterly, you might qualify for a discount on your car insurance cost.
Some drivers want to be rewarded based on their safe driving habits. Today, many car insurance companies offer telematics programs where you can allow them to track your driving habits with an app or device for possible savings.
Not every auto insurer offers homeowners insurance (or the same discounts). Speaking with your insurance agent or company representative may be the best way to learn about savings opportunities.
Additionally, getting quotes from several car insurance companies can help you compare rates. Each company sets its own rates, so the same level of coverage can cost vastly different amounts with different providers. Comparing quotes might help you find the lowest price for the coverage you need.
Learn more: The benefits of bundling your home and auto insurance
Frequently asked questions about car insurance cost
Methodology
47
years of industry expertise
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Credit-based insurance scores: These 2022 rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit insurers from using credit-based insurance scores as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
Incidents: Rates were calculated by evaluating our 2022 base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.
Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base). For new vs used vehicles, we also included the following years in our calculations: 2016, 2017, 2018, 2019 (base) and 2020.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.
Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.
Teens: Rates were determined by adding a 16- or 17-year-old teen to a 40-year-old married parents’ policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.