Average Cost of Car Insurance in 2024

Auto insurance rates in the U.S. are rising. Here’s what you might pay by company, state, car type and more.
Kayda Norman
By Kayda Norman 
Updated
Edited by Ben Moore

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How much is car insurance? The answer to that question changes constantly as car insurance costs continue to go up. But knowing the average cost of car insurance is just a small piece of intel in your mission to find the right policy. Factors like your personal characteristics, driving history and car model have a major impact on what you’ll pay, which will likely be different than the national average.

Additionally, car insurance rates can vary widely for drivers in different states. For example, Wyoming’s average full coverage annual rate of $972 seems pretty reasonable when compared to Florida’s $3,067, according to NerdWallet’s analysis.

Below are the average costs of car insurance across different companies, states and driver profiles to make your search easier and more accurate.

🤓Nerdy Tip

The average cost of car insurance is on the rise. Did your rates go up, too? Shopping around and comparing quotes is the best way to get a lower premium.

Keep reading to find the average car insurance costs for:

A combination of coverage types that protects your car in various situations. It typically includes your state's minimum coverage requirements, plus comprehensive and collision insurance.

The minimum amount of car insurance required to drive legally. Each state has its own requirements for residents.

Pays for your car repairs or replacement costs from things beyond your control, like flooding, falling objects or theft.

Pays for your car repairs or replacement costs after a car accident.

Required in nearly every state, liability auto insurance pays others if you injure them or damage their car or property in an accident you cause.

The price you pay for car insurance, typically paid monthly, every six months or yearly.

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How much is car insurance?

The average cost of full coverage car insurance is $1,717 per year, or about $143 per month, while minimum coverage costs an average of $487 per year, or around $41 per month, according to NerdWallet’s June 2024 rate analysis. Your own car insurance price will vary based on several factors, such as your age, driving history, location, coverage you select, and car make and model.

Key insights from NerdWallet’s June 2024 car insurance cost analysis:

  • The national average annual car insurance cost is $1,717 for full coverage and $487 for minimum coverage.

  • Young drivers, drivers with a recent DUI and drivers with poor credit pay some of the highest car insurance rates on average.

  • Wyoming, Vermont and New Hampshire have some of the cheapest full coverage car insurance rates in the country, while Florida, Louisiana and Texas are the most expensive.

  • While average car insurance rates can be a good indicator of what you may pay for coverage, your own price will likely be different.

Why you can trust NerdWallet.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing. Read our methodology.

Average cost of car insurance for different driver profiles

Here’s a snapshot of national median car insurance rates based on credit history, driving history, and breadth of insurance coverage:

Driving and credit historyFull coverageMinimum coverage
Clean driving record, good credit$1,717$487
One speeding ticket, good credit$2,176$615
One at-fault crash, good credit$2,525$725
One DUI, good credit$3,186$918
Clean driving record, poor credit$2,740$756

As you can see, average car insurance costs for full coverage insurance are generally much higher than minimum coverage. That’s because, while minimum coverage policies only offer liability insurance and other state-mandated coverage, full coverage also includes collision and comprehensive insurance, which cover damage to your own vehicle.

But averages can only say so much about your own car insurance costs. Several personal factors, within and outside your control, ultimately impact how much you pay.

NerdWallet can’t anticipate which factors apply to you, so we used a specific driver profile throughout this article (unless stated otherwise):

  • 35 years old.

  • Good driver. Defined as a person with a clean driving record, meaning no accidents, DUIs or other traffic violations.

  • Good credit. Drivers with a good credit rating. Insurers use a credit-based insurance score, which is similar to your regular credit score, to calculate rates in most states.

How much is car insurance in my state?

Where you live can have an enormous impact on car insurance costs because each state has different regulations. Use our interactive state map to find average annual rates for your state below.

StateFull coverageMinimum coverage
Alabama$1,716$402
Alaska$1,734$322
Arizona$2,028$613
Arkansas$1,764$446
California$1,638$459
Colorado$2,293$538
Connecticut$1,742$748
Delaware$1,995$864
Florida$3,067$811
Georgia$2,014$656
Hawaii$1,610$491
Idaho$1,162$320
Illinois$1,538$461
Indiana$1,421$404
Iowa$1,381$260
Kansas$1,806$470
Kentucky$2,394$666
Louisiana$3,037$887
Maine$1,234$387
Maryland$1,873$828
Massachusetts$1,296$399
Michigan$2,301$605
Minnesota$1,667$469
Mississippi$1,804$476
Missouri$1,967$506
Montana$1,738$422
Nebraska$1,432$329
Nevada$2,184$791
New Hampshire$1,119$368
New Jersey$1,986$801
New Mexico$1,835$440
New York$1,963$765
North Carolina$1,887$637
North Dakota$1,528$367
Ohio$1,209$335
Oklahoma$2,030$500
Oregon$1,346$602
Pennsylvania$1,696$367
Rhode Island$2,413$899
South Carolina$1,850$605
South Dakota$1,671$280
Tennessee$1,751$440
Texas$2,567$841
Utah$1,496$580
Vermont$1,082$310
Virginia$1,619$649
Washington$1,492$515
Washington, D.C.$1,737$859
West Virginia$1,667$498
Wisconsin$1,516$367
Wyoming$972$185

Here are the cheapest states for full coverage auto insurance:

  1. Wyoming: $972 per year, or about $81 per month, on average.

  2. Vermont: $1,082 per year, or about $90 per month, on average.

  3. New Hampshire: $1,119 per year, or about $93 per month, on average.

  4. Idaho: $1,162 per year, or about $97 per month, on average.

  5. Ohio: $1,209 per year, or about $101 per month, on average.

These are the most expensive states for full coverage auto insurance:

  1. Florida: $3,067 per year, or about $256 per month, on average.

  2. Louisiana: $3,037 per year, or about $253 per month, on average.

  3. Texas: $2,567 per year, or about $214 per month, on average.

  4. Rhode Island: $2,413 per year, or about $201 per month, on average.

  5. Kentucky: $2,394 per year, or about $200 per month, on average.

How much is car insurance by company?

Every car insurance company sets rates based on dozens of factors, including your driving history, location, vehicle and demographics. They’re making an educated guess about how likely you are to file a claim and setting your price accordingly.

Each insurer treats each factor differently. If you have poor credit, one insurer might charge you 10% more for the policy, while another would charge 40% more. A discount for being claim-free in recent years might earn you a 20% discount with one company and 5% at another.

All this results in different prices from one person to the next. This is why the company that gives your friend a super-low premium might not be the cheapest for you.

Here are annual average rates for many of the nation’s largest auto insurers, for full and minimum coverage.

Average annual car insurance costs from large companies

CompanyFull coverageMinimum coverage
Allstate$2,258$617
American Family$1,279$477
Farmers$2,578$875
Geico$1,306$355
Nationwide$1,829$722
Progressive$1,725$491
State Farm$2,006$459
Travelers$1,405$435
USAA*$1,259$312

*USAA is only available to military, veterans and their families.

Small insurers may have cheaper rates than nationwide carriers. However, many regional insurers are available in only a few states. We analyzed rates from large insurers to provide the most relevant information for all readers.

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How much is auto insurance based on your driving record?

A recent ding on your driving record can make your auto insurance rates go up, as insurers see you as a risky driver compared to one with a clean record. Traffic violations and car accidents can stay on your record for three to five years.

Here are the average car insurance costs for drivers with an at-fault accident, a DUI or a speeding ticket on their records.

How much is auto insurance after an at-fault accident?

After an accident, average car insurance costs for an at-fault driver are:

  • $2,525 per year for full coverage.

  • $725 per year for minimum coverage.

On average, car insurance costs for full coverage are about 47% higher for a driver who has caused a wreck than for one who hasn’t, according to NerdWallet’s analysis.

Average annual cost of car insurance before and after an at-fault accident

Type of policyClean recordAfter one at-fault accident
Full coverage$1,717$2,525
Minimum coverage$487$725

How much your rates will rise also depends on the severity of damage and whether you have accident forgiveness on your policy or any “good driver” discounts you stand to lose. The hypothetical accident in our analysis was relatively minor, resulting in $10,000 worth of property damage and no injuries. Accidents resulting in medical costs can be expensive and result in steeper rate increases.

It’s important to shop for the cheapest insurer after an accident because each company considers factors like a crash differently when setting prices.

🤓Nerdy Tip

Causing an accident can raise your auto insurance costs for three to five years afterward, depending on the carrier. This is why it’s wise to shop for car insurance quotes just after the third and fifth anniversary of your wreck to see if you can get a better deal.

Average car insurance costs after a speeding ticket

Speeding not only contributes to more traffic deaths on roadways, but it may also mean higher insurance premiums for those who get ticketed. On average, a driver with a recent speeding ticket pays 27% more for full coverage than a driver with a clean record, according to NerdWallet's analysis.

And it may take some time before you can put the past behind you — speeding tickets can stay on your record for three to five years, depending on the state you live in.

How much a speeding ticket raises average annual car insurance costs

Type of policyClean recordRecent speeding ticket
Full coverage$1,717$2,176
Minimum coverage$487$615

Average car insurance costs after a DUI

Getting caught drinking and driving will mean significantly higher rates for car insurance. On average, auto insurance costs for full coverage go up about 86% for a driver with a recent DUI, NerdWallet’s analysis found. This translates to an average increase of about $1,469 a year for full coverage car insurance after a DUI nationally.

How much a DUI raises average annual car insurance costs

Type of policyClean recordRecent DUI
Full coverage$1,717$3,186
Minimum coverage$487$918

Shopping around for the cheapest car insurance or switching to your state’s minimum required auto insurance coverage can help keep costs down after a DUI.

🤓Nerdy Tip

Although minimum insurance is the cheapest option, it’s not always the best choice. If you’re looking for coverage for your vehicle after an at-fault accident, you’ll want collision insurance. And if you have a loan on your car or it’s leased, you may be required to keep collision and comprehensive coverage.

Car insurance rates by driving history

NerdWallet has written several car insurance rate guides based on your driving history. For more information, check out our articles below:

How much is auto insurance for good and poor credit?

Having poor credit has a large impact on auto insurance rates in most states. On average, car insurance costs for full coverage are about 60% higher for drivers with poor credit than for people with good credit.

Average car insurance costs for a driver with poor credit are:

  • $2,740 per year for full coverage.

  • $756 per year for minimum coverage.

Average annual car insurance costs for drivers with good vs. poor credit

Type of policyGood creditPoor credit
Full coverage$1,717$2,740
Minimum coverage$487$756

Insurers use a credit-based insurance score, similar to a regular credit score, to help set rates in most states. The insurance score uses all the same factors as a regular credit score — things like on-time payments and delinquencies — but weighs them differently.

California, Hawaii and Massachusetts don't allow insurers to use credit when determining car insurance rates.

Insurance companies point to data linking poor credit to more frequent insurance claims to justify higher prices. The score’s impact on your premium depends on where you live and which car insurance company you choose.

🤓Nerdy Tip

Some companies are more forgiving of poor credit than others, so it’s worthwhile to shop for quotes while you’re trying to build your credit.

How much is auto insurance based on age?

Drivers of different ages have different average annual car insurance rates. Here’s how they compare:

AgeFull coverageMinimum coverage
20$3,573$1,023
30$1,768$502
35$1,717$487
40$1,676$477
50$1,570$452
60$1,507$445
70$1,606$493

How much is auto insurance for young drivers?

Insurers see less experienced drivers as a bigger risk and typically charge them heftier prices. Insurers may categorize young drivers as anyone 16 to 25 years old and sometimes anyone under 30 years old. For our analysis, we analyzed rates for 20-year-old drivers. As you age past your 20s, rates tend to go down until you reach your 70s.

Average annual car insurance costs for a 20-year-old driver

For a 20-year-old driver with good credit and a clean driving record, average car insurance costs are:

  • $3,573 for full coverage.

  • $1,023 for minimum required coverage.

But young drivers with poor credit or a less-than-perfect driving history are likely to shell out more for car insurance.

Driver profileFull coverageMinimum coverage
Clean driving record, good credit$3,573$1,023
One speeding ticket, good credit$4,319$1,245
One at-fault crash, good credit$4,731$1,405
One DUI, good credit$5,938$1,732
Clean driving record, poor credit$5,666$1,577

Nearly 40% of Americans between ages 20 and 24 have no credit history or too little to generate a score, according to the Consumer Financial Protection Bureau

Consumer Financial Protection Bureau. Data Point: Credit Invisibles. Accessed May 24, 2024.
. Like your regular credit score, a limited credit history can negatively affect your credit-based insurance score and result in higher car insurance rates.

Average annual car insurance costs for young drivers by company

Knowing average costs gives you an idea of what to expect, but it’s only a starting point for a young driver looking for affordable car insurance. Rates can vary by hundreds of dollars a year, depending on where you live and which insurer you choose. Here are average rates for the largest auto insurance companies for 20-year-old drivers.

CompanyFull coverageMinimum coverage
Allstate$5,460$1,122
American Family$2,601$984
Farmers$6,030$2,066
Geico$2,454$682
Nationwide$4,059$1,689
Progressive$3,389$961
State Farm$4,493$1,196
Travelers$3,295$853
USAA*$2,583$635

*USAA is only available to military, veterans and their families.

Check with several companies to find the best possible rate and be sure to ask about car insurance discounts for young drivers.

How much is auto insurance based on gender?

On average, car insurance costs differ little by gender compared with differences seen by company, state, credit score and driving history. That doesn’t mean that a cost difference based on your gender would be insignificant, however. Gender-based pricing of car insurance is banned by law in seven states: California, Hawaii, Massachusetts, Michigan, Montana, North Carolina and Pennsylvania.

In general, young adults have a much wider price discrepancy based on gender than older drivers. Men pay more than women across all age groups we analyzed for full coverage insurance.

For example, in states where gender-based pricing is allowed, we averaged full coverage insurance rates for men and women separately and found that:

  • At age 20, men pay about $580 more than than women per year.

  • At age 30, men pay around $23 more than than women per year.

  • At age 35, men pay about $12 more than than women per year.

In this article, NerdWallet uses the term “gender.” We recognize that this is different from sex. Gender is how you identify within society, while sex refers to certain biological attributes.

Some insurers don’t recognize this distinction and use the terms interchangeably. This means that when you apply for car insurance, they may ask for your gender when they really mean sex.

They may also ask for identification that doesn’t reflect your gender accurately. For instance, a company may want the gender you list on your insurance application to match the sex listed on your driver’s license.

How much is auto insurance based on vehicle type?

In our analyses, we used a 3-year-old Toyota Camry (the most popular sedan in America by sales in recent years) to show how rates vary by personal history and demographics. But the make and model of your vehicle will certainly affect rates.

Insurers charge more to cover certain cars, including:

  • Sports cars, which have higher top speeds. People tend to drive them faster, increasing the likelihood of a wreck or traffic violation. If you get a speeding ticket, insurers think you’ll be more likely to cause an accident, which increases rates further.

  • Luxury cars, which tend to have expensive parts and details that are costlier to replace if damaged in a crash.

  • EVs, which also have more expensive engine parts to replace. The batteries for electric vehicles alone can cost thousands each.

  • Cars that are stolen often, which tend to be the nation’s more popular makes and models. These vehicles generally have higher rates for comprehensive insurance, the part of an auto policy that pays out when your car is stolen or damaged by something not traffic-related, such as floods, fire and vandalism. It is typically optional unless you have a loan or lease.

To see how costs differ depending on your vehicle, we looked at average car insurance costs for the most popular vehicles based on sales in a separate analysis from 2022. As shown below, the Camry is far from the cheapest model. That honor goes to the Subaru Outback, with an average car insurance cost of $1,512 per year.

Rank

Median annual insurance premium

MSRP

Insurance as % of MSRP

1. Subaru Outback

$1,512

$28,395

5.3%

2. Subaru Crosstrek

$1,516

$23,645

6.4%

3. Honda CR-V

$1,517

$28,410

5.3%

4. Mazda CX-5

$1,547

$26,700

5.8%

5. Hyundai Tucson

$1,597

$26,900

5.9%

6. Ford Escape

$1,609

$28,000

5.7%

7. Jeep Wrangler

$1,617

$31,195

5.2%

8. Toyota Tacoma

$1,647

$28,250

5.8%

9. Ford F-150

$1,651

$33,695

4.9%

10. Toyota RAV4

$1,652

$28,275

5.8%

11. Chevrolet Equinox

$1,695

$26,600

6.4%

12. Toyota Highlander

$1,716

$39,020

4.4%

13. GMC Sierra 1500

$1,751

$37,200

4.7%

14. Nissan Rogue

$1,751

$27,760

6.3%

15. Chevrolet Silverado 1500

$1,762

$36,300

4.9%

16. Ford Explorer

$1,780

$38,570

4.6%

17. Toyota Corolla

$1,800

$21,700

8.3%

18. Toyota Camry

$1,822

$26,320

6.9%

19. Honda Civic

$1,832

$23,750

7.7%

20. Honda Accord

$1,844

$27,295

6.8%

21. Jeep Grand Cherokee

$1,883

$40,030

4.7%

22. Ram 1500

$1,897

$37,410

5.1%

23. Nissan Altima

$1,641

$25,490

7.9%

24. Tesla Model 3

$2,296

$40,240

5.7%

25. Tesla Model Y

$2,530

$52,630

4.8%

What else affects my car insurance cost?

There are additional factors that can affect car insurance costs you may need to consider, such as:

  • More specific location data such as your ZIP code or city.

  • Your occupation, in many states.

  • Your previous insurance company. If it was a nonstandard insurer specializing in high-risk drivers, you might see higher insurance rates with some companies.

  • Continuous insurance coverage. Companies charge more for drivers with lapses in coverage.

  • Annual mileage driven per car.

  • Your marital status. Some insurers believe married people drive more responsibly, which means single people — even widows, widowers and divorced folks — tend to have higher insurance rates.

  • Whether you own your home (and whether you bundle home insurance with auto).

  • How much education you’ve completed.

  • Additional coverage options you choose, such as new-car replacement coverage and gap coverage.

  • Discounts you’re eligible for, which vary widely by company.

  • Whom you live with. Some companies won’t allow you to exclude people such as roommates or nondriving adults from your policy.

Factors that affect your car insurance

How to get cheap car insurance

No matter how many averages you look at, your premium will likely be different.

But you can still find cheap car insurance by shopping around for rates every year and every time something major happens in your life, including marriage, a new job, moving or buying a new car. Additionally, if you’ve had a recent at-fault accident, DUI or other traffic violation, be sure to shop in the month after the third and fifth anniversaries of the incident.

If you’re ready to shop, you can check out the cheapest companies in your state for several driver profiles.

Frequently asked questions

Your car insurance rate will vary depending on factors such as where you live, the vehicle you drive and your driving history. Compare car insurance rates to find the cheapest car insurance for you.

On average, full coverage insurance costs more than three times as much as minimum coverage, NerdWallet's analysis found. However, unlike minimum coverage, full coverage insurance pays out if your car is stolen or you need repairs after an accident. Minimum coverage pays for damage to another vehicle only in an at-fault accident. It will not cover your repairs.

It’s hard to say who pays the most for car insurance because there are so many factors that affect your auto insurance rates. In general, young drivers, drivers with a recent DUI and drivers with poor credit pay some of the highest car insurance rates.

Methodology

NerdWallet found median rates based on public filings obtained by pricing analytics company Quadrant Information Services. We examined rates for men and women for all ZIP codes in any of the 50 states and Washington, D.C. Although it’s one of the largest insurers in the country, Liberty Mutual is not included in our rates analysis due to a lack of publicly available information.

In our analysis, “good drivers” had no moving violations on record; a “good driving” discount was included for this profile. Our “good” and “poor” credit rates are based on credit score approximations and do not account for proprietary scoring criteria used by insurance providers.

These are median rates, and your rate will vary based on your personal details, state and insurance provider.

Sample drivers had the following coverage limits: $100,000 bodily injury liability coverage per person. $300,000 bodily injury liability coverage per crash. $50,000 property damage liability coverage per crash. $100,000 uninsured motorist bodily injury coverage per person. $300,000 uninsured motorist bodily injury coverage per crash. Collision coverage with $1,000 deductible. Comprehensive coverage with $1,000 deductible.

In states where required, minimum additional coverages were added. We used the same assumptions for all other driver profiles, with the following exceptions: For drivers with minimum coverage, we adjusted the numbers above to reflect only the minimum coverage required by law in the state. We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit. In states where credit isn’t taken into account, we used only rates for “good credit.” For drivers with one at-fault crash, we added a single at-fault crash costing $10,000 in property damage. For drivers with a DUI, we added a single drunken driving violation. For drivers with a ticket, we added a single speeding violation for driving 16 mph over the speed limit.

We used a 2021 Toyota Camry LE in all cases and assumed 12,000 annual miles driven. We analyzed rates for drivers of the following ages: 20, 30, 35, 40, 50, 60 and 70.

These are rates generated through Quadrant Information Services. Your rates will be different.

25 Most Popular Vehicles Methodology

NerdWallet found median insurance estimates based on data collected about the largest insurers in all 50 states and Washington, D.C. Rates were for 35-year-old male and female drivers with good credit, no tickets or violations, and with the following coverage limits: $100,000 bodily injury liability coverage per person. $300,000 bodily injury liability coverage per crash. $100,000 property damage liability coverage per crash. $100,000 uninsured motorist bodily injury coverage per person. $300,000 uninsured motorist bodily injury coverage per crash. Collision coverage with $1,000 deductible. Comprehensive coverage with $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion. These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Vehicles listed were among the top-selling models in the U.S. in 2022, according to data collected by Kelley Blue Book. Starting MSRP and insurance rates are for 2023 models.

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