Full Coverage Car Insurance Average Cost – Because rates vary from person to person, comparing rates is often the best way to find savings on auto insurance. Our analysis, based on hundreds of thousands of references collected from across the country, supports this. We always recommend that you get quotes from multiple car insurance companies to get you the best price.
Compare average car insurance rates by company, location, age and gender, vehicle make and model, accident history, DUI record, credit score and marital status.
Full Coverage Car Insurance Average Cost
A minimum insurance policy is the cheapest policy you can buy because it only meets the minimum auto insurance requirements for that state.
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Comprehensive car insurance coverage includes comprehensive and collision coverage in addition to liability. Full coverage is 159% more, but it covers almost anything that could happen to your car.
Your location is an important factor in car insurance rates. Your rates may vary based on your state, city, and zip code.
Car insurance quotes also vary based on the driver’s age and years of experience. Young, inexperienced drivers tend to have more car accidents, which is why young drivers have higher car insurance rates.
Average annual insurance costs can drop significantly between the ages of 18 and 25, because insurers tend to rate older drivers as less risky and more likely to file a claim.
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For drivers age 30 and older, car insurance rates differ slightly between men and women. But for young drivers, men can be charged 7% or more than women.
Why is this the case? Insurance companies analyze data trends that show that compared to young women, young men are more likely to:
Because of the increased likelihood that the car insurance company will have to pay a claim when insuring these drivers, they often charge young men more for insurance.
Some states prevent insurance companies from using gender when setting auto insurance rates. This means that male and female drivers in the region will pay the same amount for car insurance in those areas, all other factors affecting the price being equal.
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Car insurance costs can vary depending on the make and model of the car. The Nissan Rogue was the cheapest car model to insure compared to the latest models of the nation’s best-selling cars.
Cars and trucks with higher prices or MSRPs may have higher insurance costs than cheaper cars, but this is not universal. The Ford F-150 has the cheapest annual insurance premiums, even though its MSRP is higher than other types of vehicles. High safety features and low chance of total loss may be part of the factors that make luxury cars more expensive to insure.
Car insurance rates are based on risk, and a driver with a history of accidents usually pays more for car insurance.
Geico experienced the biggest increase in insurance rates, with premiums increasing by nearly 65% for drivers with at-fault accidents on their record. In contrast, Park County penalized drivers shortly after an accident. Their rates increased by only 24% compared to the sample driver.
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Drivers with a history of accidents or moving violations should take special care when shopping for auto insurance policies. A combination of accident history, traffic, your location, and other factors may be priced differently from one company to another, and switching to a comparable policy with a rival insurer can save you hundreds of dollars a year.
Insurers typically charge drivers with a DUI history higher rates because of the increased risk of accidents associated with this behavior.
Drivers with a DUI record pay 88% more on average for auto insurance than drivers with a clean record. That’s an extra $1,723 in annual car insurance.
In our analysis, North Carolina saw the largest relative increase in insurance rates, with premiums rising nearly 300% for DUI drivers on their record. In contrast, Nebraska penalizes drivers less frequently after a DUI. Their rates increased by only 45% compared to the sample driver.
Infographic: Average Auto Insurance Premiums For All 50 States — My Money Blog
Drivers with a history of driving under the influence or under the influence should consider getting free auto insurance from multiple companies. Your record may be priced differently among insurers, so getting multiple quotes can help you find savings.
Average car insurance rates are 20% lower for drivers with bad credit than drivers with average credit.
Drivers with good credit are considered low risk by insurance companies and can get significant savings on car insurance costs as a result.
State Farm offers the best overall rates and highest discounts to drivers with excellent credit. Farmers had the highest rates, while the Farm Bureau had the lowest discount percentage for those with excellent credit.
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Having bad credit causes your value to increase by an average of 59%, compared to average credit. Nationwide had the smallest increase (27%), while the Farm Bureau had the lowest rates ($2,555 per year) for those with credit.
Insurers typically charge single drivers more for car insurance than married drivers. Married drivers are often considered more financially stable and risk-averse, and are therefore charged lower rates than single drivers.
Driving experience: Age affects the cost of car insurance, but so does the number of years you’ve had insurance and been driving. A 30-year-old man who has had insurance and a license since he was 16 should get a lower rate than a 30-year-old who just started driving.
Location in the state: Auto insurance is regulated differently in each state, leading to the average price of an insurance policy ranging from less than $1,200 (Maine) to more than $7,000 (Michigan). But even within the region, insurers have considered certain areas, or territories, in terms of coverage, as high risk.
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If you live in an area that is considered high risk for car accidents, weather, or crime, you may be charged a higher rate than a comparable driver who lives elsewhere.
Insurance History: If you have maintained regular car insurance, your insurer will be more confident that you are protected, and will usually charge you a lower rate.
Mileage – Cars that are driven less often are more likely to be involved in an accident or other damaging event. Vehicles with lower annual mileage may qualify for slightly lower rates.
Discounts – Car insurance companies offer various discounts to those who take steps to be safe drivers or demonstrate responsible behavior. For example, adults can take defensive lessons, while young people can qualify for a student discount.
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You can start with personal car insurance calculators, but the only way to find the best and cheapest car insurance is to evaluate and compare your options, either through your own research or by talking to an agent or broker. The cost of your policy will depend on factors such as your vehicle, age, gender, and location.
To find the best auto insurance, you should shop around online or talk to an insurance agent or broker.
When shopping for auto insurance online, be sure to compare the same amount of coverage and features to make an apples-to-apples comparison between companies.
Alternatively, you can talk to an insurance agent or broker who can help you find the best combination of price and fit. Agents and brokers work on a commission paid by the insurers themselves. Independent agents work for multiple insurance companies and can compare among them, while captive agents work for only one insurance company.
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The national average cost of insurance is $65 a month for minimum coverage, or $785 a year. Your rate will vary based on where you live, the type of insurance you have, and your driving record.
The cheapest insurers are State Farm, Bureau of Agriculture, and USAA. USAA tends to have the best rates, but it’s only available to people who have served in the military and their families. State Farms and Farm Bureaus are very accessible and affordable.
Depending on your vehicle and your driving record, comprehensive insurance coverage is typically twice as expensive as liability-only coverage. This includes accident insurance, which pays for damage to your car in the event of an accident, and comprehensive insurance, which covers other types of damage such as hail.
We collect quotes from all 50 states and the District of Columbia from 37 insurance companies. Although 37 insurance companies were included in the analysis, the value of the insurance company was only included in the company lists if the company is one of the largest national insurance companies.
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The base driver was a 30-year-old man driving a 2015 Honda Civic EX, and citations were issued in all available zip codes in each state. The driver is presented with an average credit rating, according to our data source, Quadrant Information Services.
When our driver had a full insurance policy, we provided a higher coverage limit than each state’s minimum requirement.
Our minimum coverage policy rates represent the average cost of a policy that meets each state’s minimum auto insurance requirement.
The analysis used coverage level data from Quadrant Information Services. These rates are publicly available from insurers and should be used for comparison purposes only; Your quotes can
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