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Average Car Insurance Cost 2022

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Average Car Insurance Cost:

In most states, car insurance is a required expense, but how much does car insurance cost? The average cost of full coverage auto insurance in the United States is $1680 per year or $141 per month. The cost of minimum coverage is $570 per year on average.

However, because auto insurance prices vary depending on various factors such as your region, the sort of car you drive, and your driving record, you may spend more or less than the average.

Car insurance quotes were assessed by the insurance editorial team based on state, company, car manufacturer, age, driving record, and gender (where allowed). The car insurance quotes presented here may assist you in determining the cost of your auto insurance coverage. This information could assist you in locating an insurance company that is within your budget.

How much does the average car insurance cost?

Have you ever pondered the question, "What is the average cost of car insurance this year?" If so, you are not alone. Many factors have a say in an average car insurance cost. The state in which you live, for example, can impact how much you pay.

Average auto insurance will depend on various factors. Getting cheap car insurance is a dream for many car owners. But always remember, the car insurance rate that your friend or a family member has will not match with yours. One of the best ways to get affordable car insurance is by getting numerous car insurance quotes from various best car insurance companies.

One of the best ways to get affordable car insurance is by looking for the cheapest cars to insure.

States where average car insurance cost is higher

Louisiana has the highest average full coverage auto insurance cost, at $2730 per year or $228 per month. Louisiana drivers also pay the largest percentage of their median family income, 5.27 percent, on auto insurance. Florida, New York, Michigan, and Nevada are among the other high-cost states.

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States where average car insurance cost is lower

Maine has the cheapest full-coverage auto insurance, at $965 per year or roughly $80 per month, or 1.45 percent of their typical household income. Ohio, Idaho, Hawaii, and Washington are other low-cost states.

Average car insurance cost based on location

The cost of car insurance varies depending on where you live. Local factors such as traffic, the chance of accidents, and the crime rate influence car insurance prices. Even within a state, your ZIP code might have an impact on your insurance price (except in California and Michigan).

Average car insurance cost based on car insurance companies

Because each auto insurance company has its rating system, car insurance rates differ from one provider to another. Get quotes from several companies to compare rates and features to discover the best auto insurance company for your needs.

Below are the average car insurance costs based on companies:

  • Allstate - $1926 (annually); $162 (per month)
  • American Family - $1917 (annually); $162 (per month)
  • Amica - $1383 (annually); $117 (per month)
  • Auto-Owners - $135 (annually); $117 (per month)
  • Erie - $1239 (annually); $108 (per month)

Factors influencing the average car insurance cost

Your car insurance premium is heavily influenced by the auto you drive. The premium you pay may be influenced by the cost and availability of parts, the cost of labor, the statistical likelihood of accidents, and the car's safety and crash-prevention systems.

One of the most important elements in determining how much you will pay for auto insurance is your age, with young drivers paying the highest premiums. Teenage drivers have nearly four times the collision rate of more experienced drivers.

Because insurance companies are aware that teens and young drivers, and the elderly are more likely to be involved in an accident, these drivers' auto insurance premiums are normally higher to compensate for the increased risk.

It's worth noting that if you live in Hawaii, your age has no bearing on your insurance price. The use of age as a consideration in car insurance rating is prohibited in Hawaii.

The severity of your offense and the number of incidents on your record will determine how much your auto insurance rate rises. Following a traffic violation, you may be classified as a high-risk driver, and your insurance price may rise as a result. For example, following a DUI conviction, the average full coverage premium jumps by nearly $1410 per year, but only by $396 per year for a speeding ticket. Always keep in mind that car insurance after DUI will always be high.

Some find that car insurance for women is cheaper than that for men. In general, men are more expensive to insure than women. Men are more likely than women to participate in risky driving behaviors, resulting in more serious accidents. Gender is not, however, a determinant in all states' rates.

One's gender does not affect the average car insurance cost in California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, or Pennsylvania.

Extra factors that affect your average car insurance cost

In addition to state regulations, auto type, age (except in Hawaii), driving record, and gender (in most states), the following factors may affect your car insurance premium.

Selections for coverage: Your choice of auto insurance coverage has a considerable impact on your premium. If you choose larger liability limits, lower deductible levels, or use endorsements, your rates will almost certainly go higher.

Credit score: According to data, drivers with bad credit file more claims and pay more for them than drivers with good credit. This means that the better your credit score is, the lower your premium will be. Each auto insurance carrier determines your insurance credit tier based on various factors.

Credit is not considered when determining auto insurance rates in California, Hawaii, Massachusetts, Michigan, and Washington.

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How to save money on your average car insurance cost

One of the most effective methods to save money on auto insurance is to take advantage of discounts. Most auto insurance companies provide discounts that might help you save money on your premium.

Some of the most popular insurance discounts are as follows:

Claims-free: Drivers who have had no claims in the last few years are frequently eligible for discounts.

Bundling insurance policies: You can typically save money on your car insurance cost when you bundle your auto insurance policy with a home insurance policy.

Good students discount: Many insurance companies provide discounts to young drivers who maintain outstanding marks in school.

Paying in full: If you can afford it, you may be able to save money by paying your auto insurance premium in full.

Because each organization has its own set of discounts, speaking with a representative about your situation may help you uncover several ways to save.

Points to Ponder:

Did you know that post the pandemic, a car owner is eligible for a car insurance refund? Recently car insurance companies have been chastised for giving clients refunds based on a drop-in driving (and claims) during the pandemic. They're now facing even more criticism for how they handled car insurance pricing.

Get in touch with your car insurance agent and see if you are eligible for a car insurance refund.

If you have multiple vehicles, a car insurance discount is applicable.

The best car insurance for students is those which offer discounts based on the marks of the student.

Always keep in mind that car insurance for an 18-year-old is always expensive.

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with

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