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.
Compare car insurance rates in December 2023
Bankrate’s insurance editorial team leveraged our real-world insurance experience to create a step-by-step guide to help you compare car insurance rates.
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 , this post may contain references to products from our partners. Here's an explanation of Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our .
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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.
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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.
Bankrate’s guide to comparing car insurance rates
Average full coverage car insurance premiums were 14 percent more in 2023 from 2022, jumping from $1,771 to $2,014 per year. With insurance rates so high, it may be more critical than ever to shop around for the best rate. An estimated 12.6 percent of all drivers are now driving without insurance. An accident with an uninsured driver could send your out-of-pocket costs soaring, making it especially important to find not just a cheap deal, but one that offers you adequate financial protection.
Key takeaways
- Most experts recommend requesting quotes for policies with the same coverage limits from different carriers for an apples-to-apples comparison.
- Providers look at your driving record, claims history, vehicle type and other personal factors to determine your auto insurance rates.
- Drivers between the ages of 25 and 60 tend to pay less for their car insurance, while teen and senior drivers tend to pay more.
- Taking discounts into consideration can help you find the best auto insurance rates.
Why you can trust Bankrate
Read our full methodologyBankrate knows car insurance rates can be confusing, so we keep licensed insurance agents on staff to give our readers the information they need to make educated decisions about their policies. Using our specialized knowledge and real-world insurance industry experience, we’ve evaluated insurance companies, both large and small, to help you compare car insurance rates and find the coverage you need at a price you can afford.
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122
carriers reviewed
20.7K
ZIP codes examined
1.2M
quotes analyzed
What are car insurance rates and how do they work?
Although “rate” and “premium” are often used interchangeably to refer to the cost of a car insurance policy for a customer, they are not quite the same. A car insurance rate is a unit of cost that an insurance company calculates based on individual rating factors, such as driving record and location, to determine a driver’s risk and the cost of insuring them.
After determining a driver’s rate, car insurance companies also consider a driver’s selected coverage options and limits to calculate the estimated premium. The premium is what a customer would pay for coverage during the policy term, which is usually six or 12 months.
Insurance is a highly individualized product, and car insurance companies look at more than a dozen personal rating factors to determine your premium. Depending on the state you live in, these factors could include your ZIP code, the type of vehicle you drive, your driving history, your credit score, your age and your gender. Your coverage needs can also impact how much you pay. As such, car insurance is like a fingerprint — each person’s quote will be different from the next’s.
Compare auto insurance rates
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.
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.
Compare car insurance rates by age
In all states except Massachusetts and Hawaii, insurers use your age to determine your auto insurance premium. When analyzing car insurance premiums by age, young drivers under the age of 25 typically see more expensive rates compared to adults. This is because younger drivers have less experience behind the wheel and are more likely to engage in risky driving behavior. According to our analysis, a 21-year-old driver pays an average of 70 percent more for a full coverage car insurance policy compared to a 40-year-old.
Bankrate compiled age-related data from several carriers based on 2023 rates pulled from Quadrant Information Services to give you an idea of how much you might pay at different points in your life.
Compare car insurance rates for teen drivers
Teen drivers are inexperienced, which leads to a greater likelihood of accidents and risky driving. In fact, the Centers for Disease Control and Prevention (CDC) reports that teens have a higher crash rate than any other age group. Because of this, teens typically cost more to insure than older drivers. Bankrate found that, depending on your teen’s age, Nationwide, Geico and Farmers tend to have lower average rates for young drivers.
When you request car insurance quotes, insurance companies will ask the age of every licensed driver that will be listed on the policy. This is important information that helps insurers assess your household’s risk. If you have a teen who has a learner’s permit and is about to get their driver’s license, including them in your quote as a licensed driver may help you understand what your policy will actually cost once they get their license. This may help you avoid surprises about the policy’s cost down the road.
Teens under the age of 18 cannot get their own insurance policy, and coverage is typically cheaper for young adults added to their parents' policy as opposed to purchasing their own.
| Carrier | Avg. annual full coverage premium age 16* | Avg. annual full coverage premium age 18** |
|---|---|---|
|
$4,461
|
$7,089
|
|
|
$3,682
|
$5,423
|
|
|
$3,196
|
$3,540
|
|
|
$3,085
|
$6,567
|
|
|
$2,977
|
$4,048
|
|
|
$2,262
|
$4,783
|
|
|
$3,473
|
$7,088
|
|
|
$3,139
|
$4,066
|
|
|
$3,813
|
$5,932
|
|
|
$3,402
|
$3,764
|
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.
Compare car insurance rates for drivers in their 20s
Drivers in their 20s generally see their car insurance rates come down, especially after they turn 25, as long as they maintain a clean driving record.
Keep in mind that drivers in their early 20s will likely still see high average rates for full coverage car insurance if they own their own vehicle and are on their own car insurance policy, as auto insurers consider them higher risk compared to older adults. In fact, Bankrate found that on average, 21-year-old drivers pay 24 percent more for a full coverage policy if they remain on their parents' insurance policy instead of purchasing their own.
| Carrier | Avg. annual full coverage premium age 20* | Avg. annual full coverage premium age 25 |
|---|---|---|
|
$5,885
|
$3,188
|
|
|
$3,241
|
$1,718
|
|
|
$2,800
|
$1,767
|
|
|
$3,278
|
$1,834
|
|
|
$2,800
|
$1,584
|
|
|
$3,483
|
$1,665
|
|
|
$3,644
|
$2,070
|
|
|
$2,917
|
$1,742
|
|
|
$4,167
|
$1,765
|
|
|
$2,711
|
$1,765
|
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.
Compare car insurance rates for drivers in their 30s
Drivers in their 30s enjoy fairly low average annual full coverage car insurance premiums by age as long as they maintain a clean driving record.
| Carrier | Avg. annual full coverage premium age 30 | Avg. annual full coverage premium age 35 |
|---|---|---|
|
$2,641
|
$2,633
|
|
|
$1,515
|
$1,505
|
|
|
$1,383
|
$1,367
|
|
|
$1,641
|
$1,595
|
|
|
$1,389
|
$1,372
|
|
|
$1,472
|
$1,455
|
|
|
$1,779
|
$1,736
|
|
|
$1,522
|
$1,488
|
|
|
$1,647
|
$1,618
|
|
|
$1,506
|
$1,436
|
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.
Compare car insurance rates for drivers in their 40s
Drivers in their 40s with a clean driving record see even lower average full coverage car insurance rates than their counterparts in their 30s. This is likely due to the fact that they have even more experience behind the wheel.
| Carrier | Avg. annual full coverage premium age 40 |
|---|---|
|
$2,630
|
|
|
$1,467
|
|
|
$1,361
|
|
|
$1,598
|
|
|
$1,353
|
|
|
$1,422
|
|
|
$1,642
|
|
|
$1,480
|
|
|
$1,551
|
|
|
$1,361
|
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.
Compare car insurance rates for drivers in their 50s
Drivers in their 50s with a clean driving record and, in most states, good credit, typically enjoy the lowest average full coverage car insurance rates of any age group. This group statistically presents the lowest risk for insurers and are usually rewarded with cheaper rates.
| Carrier | Avg. annual full coverage premium age 50 |
|---|---|
|
$2,408
|
|
|
$1,398
|
|
|
$1,277
|
|
|
$1,479
|
|
|
$1,277
|
|
|
$1,317
|
|
|
$1,513
|
|
|
$1,439
|
|
|
$1,447
|
|
|
$1,268
|
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.
Compare car insurance rates for senior drivers
Senior drivers, typically defined as age 60 and older, may see their car insurance rates begin to creep back up, although some insurers don’t begin to adjust rates until you reach age 70. That is because senior drivers statistically are at greater risk of being in an accident. Aging-related health factors, like decreased eyesight and slowed reaction time, can impair a driver and increase the risk of accidents.
Based on our analysis, older adults may want to consider getting quotes from USAA, Nationwide, Geico and Auto-Owners for low-cost coverage as these carriers offer some of the best average insurance rates for senior drivers.
| Carrier | Avg. annual full coverage premium age 60 | Avg. annual full coverage premium age 70 |
|---|---|---|
|
$2,376
|
$2,449
|
|
|
$1,434
|
$1,801
|
|
|
$1,225
|
$1,340
|
|
|
$1,375
|
$1,559
|
|
|
$1,264
|
$1,434
|
|
|
$1,219
|
$1,370
|
|
|
$1,460
|
$1,643
|
|
|
$1,363
|
$1,418
|
|
|
$1,407
|
$1,570
|
|
|
$1,253
|
$1,398
|
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.
Compare car insurance rates by company
When shopping for car insurance, experts recommend comparing quotes. Each car insurance provider uses its own underwriting algorithm to determine your rate, so getting quotes from multiple providers will allow you to find a rate that works for both your budget and coverage needs.
Bankrate conducted a large-scale study of insurance premiums across the nation and found that generally, Americans are spending a more significant percentage of their incomes on car insurance than in previous years due to higher rates — making now an especially important time to lock in a cheap one. The chart below might help you spot which companies to research further on your insurance shopping journey:
Rates are based on a 40-year-old driver with a 2021 Toyota Camry, 12,000 miles annually, clean driving record and good credit.
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.
| Annual full coverage premium | Monthly full coverage premium | |
|---|---|---|
|
$1,353
|
$113
|
|
|
$1,467
|
$122
|
|
|
$1,361
|
$113
|
|
|
$1,480
|
$123
|
|
|
$2,472
|
$206
|
|
|
$1,229
|
$102
|
|
|
$1,551
|
$129
|
|
|
$1,842
|
$153
|
|
|
Cincinnati Insurance
|
N/A
|
N/A
|
|
$933
|
$78
|
|
|
$1,422
|
$119
|
|
|
$1,551
|
$129
|
|
|
$861
|
$72
|
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.
Rates are based on a 40-year-old driver with a 2021 Toyota Camry, 12,000 miles annually, clean driving record and good credit.
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.
| Annual min coverage premium | Monthly min coverage premium | |
|---|---|---|
|
$373
|
$31
|
|
|
$429
|
$36
|
|
|
$371
|
$31
|
|
|
$464
|
$39
|
|
|
$684
|
$57
|
|
|
$357
|
$30
|
|
|
$495
|
$41
|
|
|
$533
|
$44
|
|
|
Cincinnati Insurance
|
N/A
|
N/A
|
|
$295
|
$25
|
|
|
$567
|
$47
|
|
|
$445
|
$37
|
|
|
$328
|
$27
|
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.
Ready for your rates?
While the rates shown are a helpful starting point, they’re no substitute for personalized quotes. Answer a few questions to start your quotes in 3 minutes or less.
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.
Compare car insurance rates by driving history
Keeping a clean motor vehicle record (MVR) is typically one of the best ways to avoid premium increases on your car insurance policy. Because car insurance rates are based on risk, high-risk drivers generally pay more for coverage and may have trouble obtaining coverage from standard auto insurers. Insurers will review the driving history of all drivers on the policy by obtaining MVR and Comprehensive Loss Underwriting Exchange (CLUE) reports (which provide your auto claims history) so providing this information up front will help ensure you receive an accurate quote.
Car insurance rates after a speeding ticket
Speeding tickets are relatively common, but most carriers still see them as an indication of high-risk driver behavior. As such, a speeding ticket on your motor vehicle record causes your average annual payment to be 21 percent more per year. On top of the increased insurance costs, you may need to pay fines and even license and/or vehicle registration reinstatement fees, depending on the severity of your infraction.
Fortunately, most carriers only consider speeding ticket convictions for three to five years when determining rates. Depending on your state, carrier and ticket severity, you will likely see your rates come back down after a few years of infraction-free driving.
| Carrier | Avg. annual premium pre-ticket | Avg. annual premium post-ticket |
|---|---|---|
|
$2,630
|
$3,123
|
|
|
$1,467
|
$1,788
|
|
|
$1,361
|
$1,572
|
|
|
$1,598
|
$1,986
|
|
|
$1,353
|
$1,658
|
|
|
$1,422
|
$1,684
|
|
|
$1,642
|
$2,140
|
|
|
$1,480
|
$1,704
|
|
|
$1,551
|
$2,019
|
|
|
$1,361
|
$1,652
|
| Carrier | Avg. annual premium pre-ticket | Avg. annual premium post-ticket |
|---|---|---|
|
$545
|
$655
|
|
|
$429
|
$522
|
|
|
$325
|
$384
|
|
|
$534
|
$653
|
|
|
$373
|
$455
|
|
|
$567
|
$668
|
|
|
$553
|
$696
|
|
|
$464
|
$541
|
|
|
$495
|
$609
|
|
|
$371
|
$450
|
Compare car insurance rates after an at-fault accident
Accidents on your MVR will typically increase your premiums, especially if you were found at fault. Insurers typically see a driver with one or more at-fault accidents as more likely to cause an accident in the future and charge them a higher rate as a result.
The table below shows average rates before and after an at-fault accident from several major car insurance companies. On average, an at-fault accident can cause your rate to be 42 percent more annually. Accident forgiveness coverage may prevent a rate increase after your first at-fault accident. However, it is important to note that even if you have this coverage with your current insurer (meaning they won’t raise your rate because of an at-fault accident), that accident will likely affect your quoted rates with other insurers, as it is included on your MVR. Accident forgiveness does not typically transfer between carriers and usually must be earned or purchased with new providers.
| Carrier | Avg. annual premium pre-accident | Avg. annual premium post-accident |
|---|---|---|
|
$2,630
|
$3,397
|
|
|
$1,467
|
$1,742
|
|
|
$1,361
|
$1,759
|
|
|
$1,598
|
$2,244
|
|
|
$1,353
|
$1,988
|
|
|
$1,422
|
$1,852
|
|
|
$1,642
|
$2,638
|
|
|
$1,480
|
$1,876
|
|
|
$1,551
|
$2,149
|
|
|
$1,361
|
$1,971
|
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.
| Carrier | Avg. annual premium pre-accident | Avg. annual premium post-accident |
|---|---|---|
|
$545
|
$724
|
|
|
$429
|
$524
|
|
|
$325
|
$447
|
|
|
$534
|
$762
|
|
|
$373
|
$551
|
|
|
$567
|
$754
|
|
|
$553
|
$879
|
|
|
$464
|
$608
|
|
|
$495
|
$647
|
|
|
$371
|
$549
|
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.
Car insurance rates after a DUI
DUIs are among the most serious offenses that a driver can commit and come with an increase in your average annual premium of up to 94 percent more per year, as well as the potential of a suspended license and registration, numerous fines and other penalties based on your state’s regulations. They can also stay on your driving record for life in some states. Finding car insurance with a DUI on your MVR may be much more difficult than it is with a clean driving record, as not all insurance companies will agree to insure such risky drivers. If you have a DUI conviction on your record, it may be worth looking into a carrier that specializes in writing policies for high-risk drivers.
| Carrier | Avg. annual premium pre-DUI | Avg. annual premium post-DUI |
|---|---|---|
|
$2,630
|
$3,817
|
|
|
$1,467
|
$3,934
|
|
|
$1,361
|
$2,768
|
|
|
$1,598
|
$2,727
|
|
|
$1,353
|
$3,351
|
|
|
$1,422
|
$2,634
|
|
|
$1,642
|
$2,156
|
|
|
$1,480
|
$2,431
|
|
|
$1,551
|
$3,038
|
|
|
$1,361
|
$2,620
|
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.
| Carrier | Avg. annual premium pre-DUI | Avg. annual premium post-DUI |
|---|---|---|
|
$545
|
$958
|
|
|
$429
|
$1,100
|
|
|
$325
|
$804
|
|
|
$534
|
$927
|
|
|
$373
|
$964
|
|
|
$567
|
$1,032
|
|
|
$553
|
$709
|
|
|
$464
|
$847
|
|
|
$495
|
$921
|
|
|
$371
|
$713
|
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.
Compare car insurance rates by credit score
In most states, your credit tier will affect your car insurance premium. Generally, drivers with lower credit-based insurance scores tend to file more claims and are thus viewed as a higher risk by carriers. California, Hawaii, Massachusetts and Michigan ban or restrict the use of credit as an auto insurance rating factor.
| Carrier | Avg. annual premium with poor credit | Avg. annual premium with average credit | Avg. annual premium with good credit |
|---|---|---|---|
|
$3,496
|
$2,731
|
$2,630
|
|
|
$2,216
|
$1,544
|
$1,467
|
|
|
$3,320
|
$1,569
|
$1,361
|
|
|
$2,768
|
$1,699
|
$1,598
|
|
|
$1,865
|
$1,437
|
$1,353
|
|
|
$1,985
|
$1,579
|
$1,422
|
|
|
$2,968
|
$1,836
|
$1,642
|
|
|
$3,813
|
$1,712
|
$1,480
|
|
|
$2,423
|
$1,672
|
$1,551
|
|
|
$2,625
|
$1,476
|
$1,361
|
| Carrier | Avg. annual premium with poor credit | Avg. annual premium with average credit | Avg. annual premium with good credit |
|---|---|---|---|
|
$718
|
$566
|
$545
|
|
|
$624
|
$450
|
$429
|
|
|
$796
|
$381
|
$325
|
|
|
$939
|
$569
|
$534
|
|
|
$512
|
$395
|
$373
|
|
|
$781
|
$631
|
$567
|
|
|
$1,023
|
$613
|
$553
|
|
|
$1,193
|
$538
|
$464
|
|
|
$784
|
$540
|
$495
|
|
|
$660
|
$398
|
$371
|
How to compare car insurance
Before you start the process of looking for car insurance, take some time to consider what’s most important to you. Maybe you’ve outfitted your car with aftermarket parts and other customizations, and need specific coverage for this. Or maybe you have a child who’s about to become a new driver and need competitive rates for adding a teen to your policy
Whether you’re looking for endless coverage options or just the basics, understanding what you want will help guide you toward the best car insurance rates. Once you’re ready to get started, here’s how you can streamline the process:
1. Collect your personal information
Whether you get an auto insurance quote online or over the phone, you'll likely share the same personal information. This is the information you'll likely need to have on hand:
- Driver information: You'll need the names, birthdays and driver's license numbers of all the drivers you would like to add to your quote. Included drivers should be all drivers in your household plus any driver who regularly drives your vehicle.
- Vehicle information: At the very least, you will need to provide the makes and models of the vehicles you need to be covered. If you can, you may want to include your vehicle identification numbers (VIN), as this information may provide you with a more accurate quote. If you’ve outfitted your vehicle with aftermarket parts, you will need to include this information as well.
- Driving history: During the quote, the car insurance company may ask if any drivers have been in any accidents or received tickets within a specific timeframe. If you don't advise the company of past driving activity upfront, your quoted premium may go up once the company reviews your driving records after you decide to purchase the policy.
- Usage information: How often you drive can also play a role in your car insurance costs. When you are requesting quotes, an insurer will likely ask you how often you use your vehicle, your estimated annual mileage, whether or not you commute, etc.
2. Choose the right coverage levels
After you provide your personal and vehicle information, the company will ask you what coverage types you would like to include in your quote. When selecting your level of coverage, your individual needs and financial goals will dictate what coverage package is best for you. For instance, if you are leasing your vehicle, your financial lender will likely require you to carry liability limits higher than your state’s required minimum limits. Or, you may be a high-risk driver with an SR-22 requirement. Regardless of your selections, you may want to ask for similar coverage options on each quote to ensure you are conducting an apples-to-apples comparison.
3. Compare auto insurance quotes
Once you’ve shared your information with the insurance company, you will receive a coverage proposal or quote in return. Along with a premium estimate, you should see the coverage options you selected, applied discounts, and a list of covered drivers and vehicles. Keep in mind that if the insurance company did not run the DMV reports for all drivers, the quote can change once you purchase the policy. Sometimes, more information is required before a policy can be issued, such as proof of address or prior insurance. The insurance company will inform you if additional information is needed, along with how to provide it and an approval timeframe