The average cost of car insurance for a daily driver is about $172 per month. Whether you pay more or less depends on several variables. We found that Maine and Idaho have the lowest average car insurance rates for drivers, as well as for older drivers, drivers with good credit, and drivers who drive fewer miles.
Use our detailed analysis of insurance rates below to find the average cost of car insurance in your state and find out what other drivers typically pay
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Key findings from Bankrate’s 2024 auto insurance cost analysis:
Comprehensive insurance costs an average of $2,348 per year, while minimum coverage costs $639 per year. It costs an average of $196 per month for full coverage and $53 per month for minimum coverage. USAA, Auto-Owners and Geico offer some of the cheapest comprehensive insurance, but not all drivers can afford it. On average, men pay more for auto insurance than women because data shows men are more likely to engage in risky driving behavior. Some vehicles have higher average premiums than others due to the manufacturer’s suggested retail price, safety features, repair costs, parts availability and other variable characteristics.
How much does car insurance cost?
When we researched the cheapest car insurance companies, we found that each company’s average annual car insurance cost was $2,068. However, car insurance costs are highly individual and your premium may vary from the premium shown in our analysis.
Insurance companies consider many factors when setting rates, including your location, age, vehicle type, credit history, and driving history. Our research found that USAA had the cheapest average annual car insurance premium at $1,335. USAA only sells insurance to military personnel and their families, so most drivers will have to look elsewhere to find the cheapest average rates.
The second-cheapest example plan we found is in Erie for $1,532 per year, and the third-cheapest plan for car owners is also well below the national average of $1,619. The most expensive example plan we found is from Allstate, with an average annual cost of $3,374.
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Average Annual Rates for Car Insurance
| COMPANY | NATIONAL AVERAGE RATE* |
| USAA | $1,335 |
| Erie | $1,532 |
| Auto-Owners | $1,619 |
| Nationwide | $1,621 |
| Geico | $1,778 |
| Progressive | $1,848 |
| American Family | $2,170 |
| Farmers | $3,253 |
| Allstate | $3,374 |
| Average | $2,068 |
*Annual rate
What factors affect car insurance premiums?
Auto insurance companies typically consider the following factors when setting premiums: Age Gender Driving behavior Location Vehicle type Vehicle usage (e.g. commuting, average annual mileage) Credit history.
What factors affect car insurance rates?
Car insurance companies typically consider the following factors when determining the cost of your policy:
- Age
- Gender
- Driving record
- Location
- Type of vehicle
- Vehicle use (e.g., commuting to school or work, average annual mileage)
- Credit history
Auto insurance premiums also vary depending on the type of coverage, deductible, and amount of coverage you choose. While minimum coverage is often the least expensive option, you may need to purchase additional coverage if needed or if you choose to do so. For example, if you finance or lease a car, the lender or lessee may require you to have comprehensive insurance, which includes automobile liability insurance, collision insurance, and comprehensive insurance. Fully comprehensive insurance is more expensive than pure liability insurance.
Generally, the higher the deductible and the lower the level of coverage, the lower the premium. However, there are disadvantages. If you choose a high deductible, you will have to pay more out of pocket in the event of a claim. Similarly, with a low level of coverage, damage-related expenses (such as repairs after an accident) may exceed the amount covered by the insurance company. Please note that some states do not allow gender to be taken into account when determining car insurance premiums, and some states restrict the use of credit-related information when determining a driver’s premium.
The Average Cost of Car Insurance in Your State
The cost of car insurance depends on many factors, including where you live. Our state car insurance guide lists the average car insurance cost for every state in the country and the District of Columbia. Please note that these sample premiums are meant to give you an idea of what to expect, but may not reflect the actual cost of paying for car insurance. The best way to find out how much car insurance you’ll have to pay is to compare quotes from several insurance companies. By shopping around, you can find an affordable policy that meets your needs.
| State | Average Annual Car Insurance Rate |
| Alabama | $1,354 |
| Alaska | $1,294 |
| Arizona | $1,626 |
| Arkansas | $1,814 |
| California | $1,782 |
| Colorado | $1,663 |
| Connecticut | $1,567 |
| Delaware | $2,231 |
| Florida | $2,553 |
| Georgia | $1,432 |
| Hawaii | $1,241 |
| Idaho | $992 |
| Illinois | $1,266 |
| Indiana | $1,190 |
| Iowa | $1,215 |
| Kansas | $1,486 |
| Kentucky | $2,104 |
| Louisiana | $2,734 |
| Maine | $949 |
| Maryland | $1,468 |
| Massachusetts | $1,399 |
| Michigan | $1,920 |
| Minnesota | $1,460 |
| Mississippi | $1,505 |
| Missouri | $2,055 |
| State | Average Annual Car Insurance Rate |
| Montana | $1,525 |
| Nebraska | $1,569 |
| Nevada | $1,913 |
| New Hampshire | $1,530 |
| New Jersey | $1,706 |
| New Mexico | $1,530 |
| New York | $1,808 |
| North Carolina | $1,165 |
| North Dakota | $1,300 |
| Ohio | $1,083 |
| Oklahoma | $1,638 |
| Oregon | $1,281 |
| Pennsylvania | $1,395 |
| Rhode Island | $1,831 |
| South Carolina | $1,813 |
| South Dakota | $1,813 |
| Tennessee | $1,264 |
| Texas | $1,716 |
| Utah | $1,407 |
| Vermont | $1,053 |
| Virginia | $1,280 |
| Washington | $1,285 |
| Washington, D.C. | $1,727 |
| West Virginia | $1,532 |
| Wisconsin | $1,145 |
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Nisha Gupta is working as a Editor & Writer with SarkariAlerts.info Having an experience of 6 years, she loves to write on anything and everything related to Sarkari Yojana, Government Jobs & Latest News. Currently, she is covering wide topics related to Education & Jobs.