Average Car Insurance Cost In The US (May 2024 Prices) (2024)

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The national average cost of full-coverage car insurance is $2,008 per year while minimum-liability coverage averages $627 per year. Unless otherwise stated, our rate estimates are based on the profile of a 35-year-old with good credit and a clean driving record, since it represents a large number of drivers; we excluded factors that raise rates. What you might pay for auto insurance coverage depends on multiple factors, including:

• Age
• The state you live in
• Credit history
• Your vehicle
• Driving record
• Coverage level
• Gender on your driver’s license

State-level driving statistics influence the prices you receive from insurers, and the more densely populated your area is, the higher prices typically are. State laws for minimum liability car insurance also require different coverage levels, which can affect pricing.

Below you can find the average costs for your state and affordable providers through our comprehensive guides:

Read more: Car Insurance Cost by State

Most Expensive Car Insurance by State

Here are the top five most expensive states for full-coverage car insurance:

States With the Cheapest Car Insurance

And here are the five least expensive states for full-coverage car insurance:

The best way to see how much car insurance would cost for your vehicle is by comparing free quotes from providers in your state.

Find the average costs of car insurance in your state for full coverage using our free car insurance calculator below.

Younger drivers tend to pay the most for car insurance due to a lack of driving experience. Seniors older than 75 also pay slightly higher rates overall than those between 25 and 55 years old.

Here’s a look at average full-coverage auto insurance costs for various age groups:

Auto insurers have to weigh the risk factors in every driver’s record. If you have one or more speeding tickets, at-fault accidents or other violations in your driving history, you’ll pay higher premiums than those with clean records. Having bad credit also heightens the risk for insurance providers and can be used to determine rates in most states.

Here’s a look at how average full-coverage rates change for 35-year-olds after different driving violations:

Read more: Best High-Risk Car Insurance

Car Insurance Rates by Car

The vehicle brand, model and type you choose has a large impact on how car insurance is priced for you. Each vehicle has different reliability ratings, replacement and repair costs, safety features and driving statistics that affect your rates.

See average car insurance rates by car brand for 2023 models based on our rate data.

Read more: Cheapest Cars To Insure

Read more: Most Expensive Cars To Insure

Reliability ratings and replacement costs vary between models as well. However, the age of your particular model may mean you have less safety features than other vehicles, increasing the risk of an accident and raising insurance costs.

Below are car insurance costs by model:

The type of vehicle you drive plays a role in setting your car insurance rates. Below, we’ll explain how different vehicle types affect rates:

• Standard sedans: Standard sedans are often the cheapest to insure due to low passenger capacity and low replacement costs.
• Trucks: While they can be more expensive to repair and replace, their low passenger capacity makes them more affordable than SUVs and higher end cars.
• SUVs: Because of their larger size and capacity for more passengers, these vehicles often cause more damage and injuries during accidents.
• Hybrid and electric vehicles: Parts and labor for these vehicles can be pricey, which means you’ll pay higher premiums for full-coverage policies for hybrids and EVs.
• Sports cars: Vehicles built for speed and performance are at higher risk of causing accidents. Sports cars also tend to have higher costs for replacement parts.
• Luxury cars: As with sports cars, replacement parts for luxury vehicles are more expensive than for standard daily drivers. The high purchase price also leads to greater insurance premiums.

Car Insurance Cost by Zip Code

Below are other factors that affect your car insurance rates in detail:

Are You Paying Too Much for Car Insurance?

If you’ve had a policy for over six months, you may be paying too much for car insurance. The best way to check whether you are overpaying for car insurance is to compare your rate against the average for your coverage level in your state and your driver profile. Comparing multiple company quotes with the same coverage you have will allow you to gauge whether you’re getting a good deal.

Read more: How To Shop for Car Insurance

Read more: How To Switch Car Insurance

How To Get Lower Car Insurance Costs

If you’re shopping for car insurance online and are receiving quotes that are outside your budget, here are several strategies to save money:

1. Shop around: It’s worth comparing rates from several insurers, especially if something that might impact your rates has recently changed. For example, after you get married, purchase a house or your credit score improves, you should see if you can get a lower car insurance premium.
2. Bundle plans: Bundling your home and auto insurance policies typically results in premium discounts. You can also save money for insuring multiple vehicles under the same car insurance policy.
3. Pay upfront: Most insurers offer a pay-in-full discount. If you’re able to pay your entire premium at once, it’s often a more cost-effective option.
4. Take a 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 for the completion of these programs.
5. 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.
6. 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.
7. Utilize discounts: Car insurance companies offer discount opportunities to help customers save on their premiums. We’ll cover a larger breakdown of discount offerings from car insurance providers in the section below.

Read More: How To Save Money on Car Insurance

Car Insurance Discounts

These are some of the common discounts you’ll find from most providers.

Read more: Car Insurance Discounts Guide

Why Did My Car Insurance Rates Go Up?

Aside from changes in personal factors, there have been continuing high levels of inflation, increasing prices for car insurance and the general market. According to the Bureau of Labor Statistics, since 2022, the consumer price index for auto insurance has drastically increased by 40.5%. Factors such as the COVID-19 pandemic and the rising prices of cars, parts and repair services have caused most of this rise in insurance rates.

Read more: Is Car Insurance Getting Worse in 2024?

Read more: What To Do About Rising Insurance Rates