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The average cost of car insurance in the U.S. is $1,771 for full coverage. June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 01, 2022 Pay less for auto insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Start saving Compare quotes from reliable carriers + MORE how it works Caret Down Provide some info to get offers We only ask for info that can impact your rate so we can share accurate and personalized offers. Select your policy Compare and move forward with as many offers as you want from a list of trusted carriers. Settle your rate and policy details Once you've decided on a carrier, wrap up the process online or on the phone with a trusted agent. Book What to know first Menu List On this page Bankrate logo The Bankrate promise At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC Editorial Integrity
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Collapse Caret Up To find the average cost of car insurance, Bankrate's insurance editorial team evaluated dozens of carriers based on a variety of factors. These included , insurance carrier, vehicle manufacturer, driving record, driver's age and gender (where permitted), among other factors. Because car insurance rates vary so widely from driver to driver, this data can help you estimate how much your car insurance policy might cost based on where you live and your personal profile. It can also help identify which car insurance carriers best align with your budget and coverage needs. Collapse On This Page
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How much is car insurance
The average cost of car insurance is $1,771 per year for , or about $148 per month, according to Bankrate's 2022 analysis of average quoted premiums from . Minimum coverage costs an average of $545 per year. But because auto insurance premiums are based on more than a dozen individual rating factors, the actual cost will differ for every driver. Clock Wait 47 years of industry expertise Search 122 carriers reviewed Dollar Coin 2M quotes analyzed Location 34.5K zip codes examined 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. 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. 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. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . 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 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 , individual , 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
State Average annual premium for full coverage insurance Average annual premium for minimum coverage insurance $1,760 $443 $1,770 $417 $1,743 $579 $1,806 $437 $2,190 $619 $2,019 $495 $1,533 $646 $1,963 $747 $2,762 $997 $2,009 $642 $1,206 $338 $1,065 $271 $1,533 $475 $1,242 $329 $1,254 $227 $1,802 $419 $1,954 $658 $2,864 $807 $876 $227 $1,931 $836 $1,296 $446 $2,345 $946 $1,692 $600 $1,701 $450 $1,893 $515 $1,795 $310 $1,538 $367 $2,426 $846 $1,182 $324 $1,891 $855 $1,489 $347 $2,996 $1,339 $1,392 $431 $1,225 $268 $1,200 $336 $1,902 $408 $1,371 $625 $2,002 $441 $1,847 $569 $1,464 $518 $1,542 $274 $1,383 $372 $1,868 $551 $1,449 $544 $1,000 $242 $1,347 $483 $1,313 $482 $1,948 $613 $1,527 $427 $1,246 $363 $1,510 $262 The cheapest states for car insurance The most expensive states for car insurance
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% below national average Vermont: $1,000 per year - 44% below national average Idaho: $1,065 per year - 40% below national average New Hampshire: $1,182 per year - 33% below national average Ohio: $1,200 per year - 32% 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% above national average Louisiana: $2,864 per year - 62% above national average Florida: $2,762 per year - 56% above national average Nevada: $2,426 per year - 37% above national average Michigan: $2,345 per year - 32% above national average
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. Auto Car Guides Looking to save money on auto insurance
Compare rates & save Compare rates & save ADVERTISEMENT Get my free quote Powered by Coverage.com (NPN: 19966249) 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 . 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 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 has its own proprietary underwriting system, the cost of car insurance will vary from carrier to carrier. For drivers looking for the , keep in mind that the coverage you choose plays a role too. The average cost of full coverage car insurance is about 225% 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. Full coverage Minimum coverage Insurance company Annual full coverage premium Monthly full coverage premium Annual full coverage premium $2,438 Monthly full coverage premium $203 Annual full coverage premium $1,627 Monthly full coverage premium $136 Annual full coverage premium $1,495 Monthly full coverage premium $125 Annual full coverage premium $1,305 Monthly full coverage premium $109 Annual full coverage premium $1,321 Monthly full coverage premium $110 Annual full coverage premium $1,524 Monthly full coverage premium $127 Annual full coverage premium $1,297 Monthly full coverage premium $108 Annual full coverage premium $1,483 Monthly full coverage premium $124 Annual full coverage premium $1,383 Monthly full coverage premium $115 Annual full coverage premium $1,561 Monthly full coverage premium $130 Annual full coverage premium $1,397 Monthly full coverage premium $116 Annual full coverage premium $2,002 Monthly full coverage premium $167 Annual full coverage premium $1,447 Monthly full coverage premium $121 Annual full coverage premium $1,209 Monthly full coverage premium $101 Powered by Coverage.com (NPN: 19966249) 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 . 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. Insurance company Annual min coverage premium Monthly min coverage premium Annual min coverage premium $558 Monthly min coverage premium $47 Annual min coverage premium $592 Monthly min coverage premium $49 Annual min coverage premium $444 Monthly min coverage premium $37 Annual min coverage premium $325 Monthly min coverage premium $27 Annual min coverage premium $476 Monthly min coverage premium $40 Annual min coverage premium $550 Monthly min coverage premium $46 Annual min coverage premium $365 Monthly min coverage premium $30 Annual min coverage premium $528 Monthly min coverage premium $44 Annual min coverage premium $549 Monthly min coverage premium $46 Annual min coverage premium $542 Monthly min coverage premium $45 Annual min coverage premium $456 Monthly min coverage premium $38 Annual min coverage premium $583 Monthly min coverage premium $49 Annual min coverage premium $477 Monthly min coverage premium $40 Annual min coverage premium $354 Monthly min coverage premium $30 Powered by Coverage.com (NPN: 19966249) 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 . 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.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. The above quoted average annual premiums for full and minimum coverage are based on a 40-year-old driver with a clean driving record and good credit with full coverage limits and state minimum requirements. These are sample rates and should only be used for comparative purposes. Auto Car Guides Looking to save money on auto insurance
Compare rates & save Compare rates & save ADVERTISEMENT Get my free quote Powered by Coverage.com (NPN: 19966249) 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 . 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 and gender
Insurers typically consider , with young drivers paying the highest premiums on average based on 2022 rates. Auto insurers use actuarial data to determine that teens and - as well as the elderly - are more likely to get in an accident, so the car insurance costs that these drivers pay are typically higher to compensate for the greater risk. 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. Additionally, gender impacts your premium in most states. Men typically cost . This is because men generally engage in 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. Age Male Female Difference Percent difference between rates $4,004 $3,669 $335 8.7% $3,740 $3,420 $320 8.9% $5,694 $4,946 $748 14.1% $4,440 $3,819 $621 15.0% $4,060 $3,504 $556 14.7% $3,188 $2,822 $366 12.2% $2,931 $2,627 $304 10.9% $2,759 $2,491 $268 10.2% $2,614 $2,374 $240 9.6% $2,196 $2,059 $137 6.4% $1,888 $1,854 $34 1.8% $1,778 $1,764 $14 0.8% 50-year-old $1,661 $1,652 $9 0.5% $1,612 $1,597 $15 0.9% 70-year-old $1,755 $1,729 $26 1.5% *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.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates were calculated by evaluating our 2022 base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Rates for 18 year olds are based on a driver of this age that is a renter (not a homeowner) and on their own policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. Why rates vary Men are statistically riskier drivers than women - as supported by crash rate fatalities data from 1975 to 2020 - resulting in higher insurance premiums on average. Based on data from the U.S. Department of Transportation's Fatality Analysis Reporting System, the found that in 2020, male drivers accounted for 72% of passenger vehicle driver deaths, while female drivers accounted for 28%. Other key IIHS report findings include: 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. 32% 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%. Male drivers accounted for 30% of driver fatalities caused by speeding in 2020, compared to female drivers at 20%. How does driving record impact the cost of car insurance
Drivers with an at-fault accident on their record pay around 42% more for car insurance on average compared to drivers with a clean record. This average increase is even higher for drivers with a , at 93%, showing how the severity of an incident and being considered a could impact your premium. : Earning a speeding ticket conviction may be one of the most common driving infractions and, on average, it increases full coverage premiums by 21%.Every car insurance carrier will have its own algorithm for determining rates after a speeding ticket. For example, even , Erie and USAA's average car insurance rates are around $1,400 annually, both below the national average cost of car insurance. : 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%. 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. : 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, thefor 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 Driving record Monthly cost Annual cost Increase above national average Clean driving record $148 $1,771 $0 $178 $2,138 + $367 $210 $2,521 + $750 $285 $3,421 + $1,650
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. The above quoted average annual premiums for full and minimum coverage are calculated by evaluating our 2022 base profile with the following incidents applied: clean driving record (base), at-fault accident, single speeding ticket and single DUI conviction. How much does car insurance cost by credit score
Average car insurance cost by credit score Average monthly cost Average annual cost Poor credit score $250 $3,002 Average credit score $159 $1,907 Good credit score $148 $1,771 Excellent credit score $130 $1,556 pay nearly 70% more for full coverage car insurance compared to those with good credit. In states where using a 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.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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. How much does car insurance cost by vehicle type
The 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 in the table below are well-suited for a variety of lifestyles and budgets. Some 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 Make and model Average monthly cost Average annual cost BMW 330i $189 $2,270 Ford F-150 $127 $1,523 Honda Odyssey $129 $1,542 Toyota Prius $160 $1,924
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C.To determine the cost by vehicle type, we evaluated our 2022 base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey and Toyota Prius. 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 insurance 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). Industry news: Car insurance rates are rising 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 throughout the country. Rates have increased 4.9% in 2022 compared to 2021, and could affect more than 62.5 million policyholders across the country. 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 . Discounts are one of the best ways to lower your premium. Most major car insurance carriers offer discounts. Here are some of the in the U.S. Claims-free: 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. Bundling insurance policies: You can often reduce your auto insurance premium when you with a or another type of policy offered by your insurer. Good student discounts: 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. Paying in full: 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. Telematics: Some drivers want to be rewarded based on their safe driving habits. Today, many car insurance companies offer where you can allow them to track your driving habits with an app or device for possible savings. Because every auto insurer offers a different suite of 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. Frequently asked questions
Every state has . This usually refers to bodily injury and property damage liability, but some may also require personal injury protection (PIP) or uninsured motorist coverage. While buying minimum coverage may result in a cheaper premium, it also means drivers may have minimal financial protection in an accident. For this reason, insurance professionals generally recommend considering full coverage car insurance. While there isn't an industry standard for full coverage, it usually means higher liability limits with to insure your vehicle, which may be required by your lender if your vehicle is leased or financed. You may also be able to add medical payments coverage for you and any passengers in your vehicle, as well as towing and rental reimbursement on each vehicle. These additional coverage types may come with an added cost, but it does offer more financial protection in various claims scenarios.
The average monthly cost of car insurance is $147 per month for full coverage and $45 per month for minimum coverage; however, car insurance companies base rates on a perceived level of risk, so personal factors like age, driving history, and location will impact your premium.
Your car insurance company doesn't factor in whether or not your car is paid off when calculating rates. Instead, if you are still paying off your car, your lender may require collision and comprehensive coverage to insure the vehicle, which is an added cost. Once you've paid off your car, you can choose to remove this coverage, which would result in a . However, before removing these two coverage, you may want to consider a few factors, like the age of your vehicle and how much you could afford to pay out-of-pocket for repairs if your car was damaged. If you're unsure, consulting an insurance agent could be helpful. Full coverage may be a good idea even if you own your car outright to offer more robust financial protection.
Drivers with less years of experience face some of the highest car insurance rates. Teenage drivers have that are higher than more experienced drivers. To compensate for this risk, car insurance companies typically charge more for . In fact, teens are one of the most expensive age groups to insure. Average annual full coverage car insurance premium for 16-year-old drivers Average annual full coverage premium Percentage above national average 2022 National average $1,771 0% * $3,852 118%
On average, car insurance tends to be highest for new and young drivers, and then steadily drops for each consecutive age group. However, although this is a visible trend as a whole, it doesn't mean that your car insurance will decrease every year. Instead, because car insurance rates are based on a myriad of factors, it's more likely that you'll see fluctuations in your car insurance premium from year to year. Your location, vehicle make and model, annual mileage and more all play a role in your car insurance premium. Additionally, if you've been involved in an at-fault accident or received a moving violation conviction, this will cause an increase to your car insurance premium. There may also be factors outside of your control that affect your premiums, such as the rate of losses in your area. When insurance companies face more claims with rising repair costs, they may decide to file for with a state's Department of Insurance, which can cause higher premiums for some policyholders. Methodology
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. Age: Rates were calculated by evaluating our 2022 base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Rates for 18-year-old are based on a driver of this age that is a renter (not a homeowner) and on their own policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. 16-year-old driver: Rates were calculated for 16 year olds by evaluating our 2022 base profile, based on a driver of this age added to their parents' policy. Model: To determine the cost by vehicle type, we evaluated our 2022 base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey and Toyota Prius. 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. Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, and Pennsylvania. : 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. Compare rates and save on auto insurance today! Get quotes Close X Written by June Sham Insurance Writer June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.