Car Insurance Cost Calculator
Car Insurance Coverage
Our tool calculates your customized insurance rates.
We'll show you the average cost of our recommendation, or the cost of a policy you customize yourself.
Minimum Coverage Requirements by State
First, let’s see what the minimum coverage requirements are in your state. Use our car insurance calculator to estimate the cost of your personalized insurance policy.
Personalized Car Insurance Estimates
Our tool uses millions of quotes to find the cost of the best policy for you.
Factors Affecting Your Estimate
- Location: Your location helps calculate how much you'll pay and how much coverage you need.
- Coverage Needs: Compare your estimate to the national average of $767 to $1,968 per year.
Car Insurance Estimates by Company
Cheapest National Car Insurance Companies
State Farm and Geico are the cheapest national car insurance companies.
Cheapest Overall Car Insurance Companies
Erie, Auto-Owners, and Mercury have the cheapest car insurance overall, but they're only available in some states.
Average Car Insurance Rates for Full Coverage
Average Monthly Car Insurance Rates
Find cheap auto insurance quotes near you. Currently insured? It's free, simple, and secure.
Monthly Rates by Company
| Company | Monthly Rate |
|---|---|
| Erie | $106 |
| State Farm | $124 |
| Mercury | $133 |
| Country Financial | $133 |
| NJM | $140 |
| Auto-Owners | $141 |
| USAA* | $100 |
*USAA car insurance is only available to members of the military, veterans, and their families.
Car Insurance Estimates by State
Where you live greatly impacts how much you pay for car insurance. For example, in Michigan, the most expensive state, full coverage car insurance costs $509 more per month than in the cheapest state, Maine.
Compare Rates in Your State
| Company | Minimum Coverage | Full Coverage | Editor's Rating |
|---|---|---|---|
| State Farm | $50 | $125 | ★★★★★ |
| Geico | $61 | $162 | ★★★★☆ |
| Progressive | $66 | $170 | ★★★★☆ |
| Nationwide | $82 | $189 | ★★★★☆ |
| Allstate | $96 | $217 | ★★★☆☆ |
USAA is only available to current and former military members and their families.
How to Calculate Your Car Insurance Costs
Estimate Your Car Insurance Costs
To estimate the cost of car insurance, you must decide what kinds of coverage you need.
Basic Car Insurance Coverages
The most basic car insurance coverages are bodily injury liability, property damage liability, collision coverage, and comprehensive coverage.
Compare Cost Estimates
Before deciding which insurance coverages to add, compare cost estimates for each coverage type. Review your auto insurance estimates yearly to find the cheapest rates and decide if you need different coverage.
Bodily Injury Liability
Bodily injury liability coverage pays for other drivers' medical costs and lost wages if you cause an accident.
Monthly Cost:
- $25,000 per person / $50,000 per accident: $52
- $50,000 per person / $100,000 per accident: $63
- $100,000 per person / $300,000 per accident: $74
- $250,000 per person / $500,000 per accident: $89
Property Damage Liability
Property damage liability pays for damage to other people's property if you cause an accident.
Monthly Cost:
- $25,000 per accident: $27
- $50,000 per accident: $28
- $100,000 per accident: $29
Uninsured and Underinsured Motorist Bodily Injury Coverage
Uninsured and underinsured motorist bodily injury coverage pays your medical bills if you're in an accident caused by an uninsured or underinsured driver.
Monthly Cost:
- $25,000 per person / $50,000 per accident: $8
- $50,000 per person / $100,000 per accident: $11
- $100,000 per person / $300,000 per accident: $16
- $250,000 per person / $500,000 per accident: $16
Comprehensive and Collision Coverage
Full coverage insurance includes comprehensive and collision coverage. These coverages pay for repairs to your car after an accident on or off the road, no matter who's at fault. Comprehensive and collision coverage have no limit other than the value of your car.
Monthly Rate:
- Collision $500 deductible: $56
- Collision $1,000 deductible: $46
- Comprehensive $500 deductible: $19
- Comprehensive $1,000 deductible: $14
Factors Affecting Car Insurance Costs
Insurance companies calculate your car insurance rate based on several factors.
Major Factors Include:
- Age and Driving Record: Younger drivers and those with tickets or accidents typically pay more.
- Car Value and Safety: Older, slower, or safer cars are cheaper to insure.
- Mileage: Driving fewer than 12,000 miles per year can save you money.
- Marital Status: Married people often pay slightly less.
- Coverage Limits: Higher coverage limits and extra add-ons will raise your rates.
- Deductibles: Insurance costs more if you choose a lower deductible.
State-Specific Costs
Insurance costs can vary by state due to traffic, uninsured drivers, or severe weather events. City residents typically pay more because of higher accident and crime rates.
Credit Score
Drivers with poor credit pay more for car insurance in most states. Improving your credit score can lead to cheaper rates.
How to Get Cheaper Auto Insurance Estimates
Tips for Lowering Your Insurance Costs:
- Compare Quotes: Get quotes from multiple companies. Rates can differ by an average of $245 per month for full coverage.
- Look for Discounts: Many companies offer discounts for bundling or automatic payments, potentially saving you 40% or more.
- Consider a Multicar Policy: Adding another person to your insurance plan is cheaper than having two separate policies.
- Bundle Insurance: Bundling home or renters insurance with auto insurance can get you a discount on your total insurance cost.
- Shop Annually: If your life situation or driving record has changed, you may find a cheaper rate by shopping around each year.
Calculate How Much Auto Insurance You Need
State Minimum Coverage
Most states require:
- $20,000-$25,000 of bodily injury liability insurance per person
- $40,000-$50,000 of bodily injury liability insurance per accident
- $10,000-$25,000 of property damage liability insurance
Some states also require uninsured motorist coverage or personal injury protection (PIP).
Additional Coverage Options
Start with your state's minimum required insurance, then add higher coverage amounts and extra coverage options based on what you can afford.
Recommended Coverage Amounts
- Liability Insurance: Every state except New Hampshire requires liability insurance. Get as much as you can afford.
- Comprehensive and Collision: Necessary if you have a loan or lease. Choose a deductible you can easily afford.
- Personal Injury Protection (PIP): Good if your health insurance has high copays or deductibles.
- Uninsured or Underinsured Motorist: Affordable and necessary since 1 in 8 drivers do not have car insurance.
By carefully considering your needs and comparing rates, you can find the best car insurance policy to protect you and your vehicle.
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