Car Insurance Quotes Compare: Comparing car insurance quotes is essential for finding the best coverage at an affordable price.
By evaluating different insurers, you can identify the most cost-effective policy that meets your specific needs, ensuring financial protection and peace of mind on the road.
Understanding Car Insurance Quotes
When considering car insurance, understanding the components of your quote and how insurers determine your premium is crucial. This knowledge can help you make informed decisions and potentially save money.
Components of Car Insurance Quotes
- Coverage Limits: This represents the maximum amount an insurer will pay for each component of coverage, such as liability, collision, and comprehensive coverage.
- Deductibles: The amount you agree to pay out of pocket before your insurer covers the rest of your costs for a claim.
- Premiums: The cost you pay for your insurance policy, which can be billed monthly, quarterly, or annually.
- Policy Type: Specifies whether the policy is liability only or includes comprehensive and collision coverage.
- Discounts: Identifies any cost-saving options applied to the quote, such as multi-car discounts, safe driver discounts, or discounts for security features on the vehicle.
- Driver Information: Details about the drivers on the policy, including age, driving history, and sometimes even credit score.
- Vehicle Information: Includes make, model, year, and safety features of the vehicle being insured, which can affect the premium.
How Insurers Determine Quotes
- Driving Record: Insurers look at past accidents, traffic violations, and claims to assess the risk of insuring a driver.
- Credit Score: In many states, a higher credit score can lead to lower premiums, as insurers correlate good credit with responsible driving behavior.
- Location: Where you live and park your car affects your rates due to factors like crime rates, road conditions, and local repair costs.
- Age and Gender: Statistics show that certain age groups and genders are more likely to be involved in accidents, influencing how much you pay.
- Vehicle Type and Usage: The more expensive a vehicle is to repair or replace, the higher the insurance cost. Similarly, more miles on the road mean a higher risk of accidents.
However, understanding these components and factors can help you better navigate the world of car insurance and choose a policy that best fits your needs while managing costs effectively.
Why Compare Car Insurance Quotes?
Comparing car insurance quotes is a crucial step for any driver looking to optimize their coverage and reduce expenses. Here’s why you should consider comparing car insurance quotes:
Maximized Savings: Each insurance company uses a different formula to calculate premiums, which means the cost can vary significantly from one provider to another. By comparing quotes, you can identify the most affordable options that still meet your coverage needs, potentially saving you hundreds of dollars annually.
Tailored Coverage Options: Not all insurance policies are created equal. Comparing quotes allows you to scrutinize different coverage options and extras that insurers offer. This ensures you don’t pay for unnecessary coverage, and equally, you don’t miss out on beneficial features that enhance your protection.
Informed Decision-Making: Comparing car insurance quotes empowers you with information. You can evaluate the pros and cons of each offer, understand what influences your premiums, and make an informed decision that aligns with both your budget and your car’s specific needs.
Access to Discounts: Different insurers offer various discounts that can be leveraged to lower your premiums. When you compare quotes, you can discover which insurers provide the best discounts that apply to your situation, such as multi-car discounts, loyalty discounts, or reduced rates for safe drivers.
Improved Customer Satisfaction: By comparing, you also get insights into the customer service quality of different insurers. Customer reviews, service ratings, and claim approval rates can guide you to a company that not only offers competitive pricing but also reliable service.
However, comparing car insurance quotes helps you unlock savings, customize your coverage, and choose a provider that offers both competitive rates and excellent service.
Factors Affecting Car Insurance Quotes
When searching for car insurance, it’s crucial to understand the variables that affect your quotes. These factors not only influence the cost but also the kind of coverage you can receive. Here’s a breakdown of the primary elements that insurance companies consider:
Influence of the Driver’s Age, Driving History, and Vehicle Type on Quotes
- Driver’s Age: Younger drivers often face higher premiums due to their lack of driving experience and higher risk of accidents. Conversely, older drivers tend to receive lower rates, benefiting from years of driving experience and perceived maturity.
- Driving History: A clean driving record can significantly reduce your insurance rates. Incidents such as accidents, speeding tickets, and DUI/DWI offenses can increase your premiums, reflecting a higher risk to the insurer.
- Vehicle Type: The make, model, and age of your vehicle also play a critical role in determining your insurance costs. High-performance vehicles or cars with a high theft rate typically attract higher insurance premiums due to the greater risk and higher repair costs associated with them.
Impact of Location and Local Laws on Insurance Rates
- Geographical Area: Where you live affects your insurance rates. Urban areas, with higher traffic and greater risk of theft and accidents, tend to have higher insurance premiums compared to rural areas.
- Local Laws: State regulations can influence insurance costs significantly. For example, states with no-fault insurance laws usually have higher insurance premiums due to the way accidents are processed and compensated.
How Different Insurers Weigh These Factors
Different insurers have varying methods for assessing risk and determining rates:
- Risk Assessment Models: Each insurer uses a model that might place more weight on factors like driving history or vehicle type. For instance, one insurer may offer better rates to drivers with sports cars if they have a long history of safe driving, while another might not.
- Competitive Pricing: Insurance companies also adjust their rates based on the competitive landscape. If an insurer is trying to capture more of the market in a particular area, they might offer lower rates than their competitors despite similar risk profiles.
- Customer Demographics: Some insurers might target specific customer groups, such as military personnel or teachers, and offer them discounts that affect how other factors are weighed.
However, always compare quotes from multiple insurers to ensure you’re getting the most favorable deal based on your specific circumstances.
How to Compare Car Insurance Quotes
Comparing car insurance quotes can ensure you receive the best coverage at the most affordable price. Here’s a step-by-step guide to help you navigate the process, along with tips on what to look for in a quote and tools that can aid in your comparison.
Step-by-Step Guide on Gathering and Comparing Quotes
- Gather Personal Information: Collect all necessary personal information that insurers require. This includes your driver’s license number, vehicle registration, driving history, and details of any recent claims.
- Choose Coverage Needs: Before requesting quotes, decide what type of coverage you need. This could range from basic liability insurance to comprehensive coverage that includes collision and theft protection.
- Get Quotes from Multiple Insurers: Use online tools or directly visit insurance company websites to get quotes. Aim to get at least three different quotes for a fair comparison.
- Compare Quotes: Look at the premiums, deductibles, coverage limits, and exclusions. Make sure to compare similar types of coverage from different insurers for an accurate assessment.
- Check Insurer’s Reputation and Reviews: Research each insurer’s customer service reputation and read reviews. This can be crucial for understanding how claims are handled.
- Make a Decision: Choose the insurance that offers the best value for the coverage you need. Consider both the cost and the quality of service.
Tips on What to Look for in a Quote
- Premiums: This is the cost you pay annually or monthly. Lower premiums can be appealing, but they often come with higher deductibles.
- Deductibles: This is what you pay out of pocket before your insurance covers the rest. A lower deductible might mean a higher premium, but it could be beneficial in case of an accident.
- Coverage Limits: Ensure the limits meet your personal needs. Higher limits usually increase the premium but provide better protection.
- Exclusions: Understand what is not covered by the policy. This can affect your decision if certain risks are not covered.
- Discounts: Look for discounts for which you may qualify, such as multi-car discounts, good driver discounts, or discounts for security devices in your vehicle.
Tools and Websites That Can Help in Comparison
- Comparison Websites: Sites like Compare.com, NerdWallet, or Bankrate allow you to view multiple quotes side-by-side and adjust coverage details to see different prices.
- Insurer Websites: Many insurers offer online quote tools. Visiting sites such as GEICO, Progressive, and State Farm can provide direct quotes and detailed policy information.
- Mobile Apps: Apps like GoCompare or Coverhound can be used on your phone, allowing you to compare quotes conveniently from anywhere.
- Insurance Brokers: These professionals can provide personalized advice and help in finding the best rates from various insurers.
By following this guide and utilizing these tools, you can make an informed decision that ensures you have the appropriate coverage while also keeping your premiums manageable.
Compare Auto Insurance Rates by Age
Your age affects car insurance rates. Young, inexperienced drivers pay the most but can expect their rates to start going down around age 25. Drivers with good driving records who are free of tickets or accidents enjoy the best rates in their 50s and 60s. Rates start to increase again around age 70.
| Age | Average annual cost of full coverage car insurance | Average annual cost of minimum coverage car insurance |
|---|---|---|
| 18 | $5,575 | $1,861 |
| 25 | $2,419 | $754 |
| 30 | $2,197 | $680 |
| 40 | $2,078 | $652 |
| 50 | $1,934 | $613 |
| 60 | $1,861 | $601 |
| 70 | $2,034 | $648 |
| 80 | $2,507 | $810 |
Compare Car Insurance Rates for 18-Year-Olds
Drivers who are 18 are relatively new to driving and are more likely to be in auto accidents than more mature and experienced drivers. That makes car insurance for 18-year-olds more expensive.
By Company
Prices for auto insurance vary greatly from one company to another because they calculate their rates using different formulas. We analyzed average rates for full coverage insurance and state minimum car insurance and found that Erie has the cheapest rates for an 18-year-old.
| Company | Full coverage car insurance cost per year | State-minimum car insurance cost per year |
|---|---|---|
| Erie | $3,229 | $888 |
| USAA* | $3,615 | $1,023 |
| Auto-Owners | $4,101 | $1,255 |
| Travelers | $4,119 | $1,730 |
| Geico | $4,473 | $1,474 |
| Westfield | $4,690 | $1,223 |
| Nationwide | $4,726 | $2,363 |
| State Farm | $4,891 | $1,585 |
| Allstate | $7,232 | $2,199 |
| Safe Auto | $7,283 | $2,532 |
| Progressive | $7,387 | $2,376 |
| Mercury | $7,784 | $2,637 |
| Farmers | $10,162 | $3,426 |
By State
Car insurance costs differ considerably from state to state for an 18-year-old driver. Hawaii—a state that prohibits age as a rating factor—is the cheapest state in our analysis. Florida and Louisiana have the most expensive auto insurance for drivers age 18.
| State | Full coverage car insurance cost per year | Minimum coverage car insurance cost per year |
|---|---|---|
| Alabama | $5,676 | $1,768 |
| Alaska | $4,765 | $1,468 |
| Arizona | $6,153 | $2,088 |
| Arkansas | $5,723 | $1,640 |
| California | $7,268 | $1,993 |
| Colorado | $7,791 | $2,145 |
| Connecticut | $5,970 | $2,671 |
| Delaware | $6,945 | $2,912 |
| Florida | $9,018 | $3,421 |
| Georgia | $6,685 | $2,702 |
| Hawaii | $1,474 | $416 |
| Idaho | $3,753 | $1,347 |
| Illinois | $5,469 | $1,819 |
| Indiana | $3,907 | $1,294 |
| Iowa | $3,895 | $945 |
| Kansas | $5,364 | $1,616 |
| Kentucky | $6,361 | $2,215 |
| Louisiana | $9,484 | $3,016 |
| Maine | $3,397 | $1,189 |
| Maryland | $7,144 | $2,912 |
Compare Car Insurance Rates for 25-Year-Olds
Rates start to fall for young drivers around age 25. These drivers now have several years of experience behind the wheel, so they pose less risk.
By Company
USAA has the lowest average cost for full coverage and state minimum car insurance for 25-year-olds if you qualify with a military connection. Travelers has the cheapest full coverage for all other drivers age 25.
Erie and Westfield are the cheapest insurers for state minimum coverage. They are regional companies so if they don’t serve your area, check quotes from Geico.
Safe Auto has the most expensive insurance for drivers age 25 among the companies in our analysis.
| Company | Full coverage car insurance cost per year | State-minimum car insurance cost per year |
|---|---|---|
| USAA* | $1,694 | $442 |
| Travelers | $1,737 | $709 |
| Nationwide | $1,849 | $840 |
| Geico | $2,097 | $651 |
| Erie | $2,106 | $563 |
| Progressive | $2,160 | $719 |
| State Farm | $2,307 | $688 |
| Auto-Owners | $2,372 | $634 |
| Mercury | $2,497 | $763 |
| Westfield | $2,549 | $564 |
| Farmers | $2,958 | $923 |
| Allstate | $3,235 | $940 |
| Safe Auto | $3,678 | $1,078 |
By State
Hawaii and Vermont are the cheapest states for 25-year-old drivers who want full coverage. Florida and Louisiana are the most expensive.
The cheapest state for minimum car insurance coverage for 25-year-olds is Wyoming, followed by Hawaii and Vermont. Florida is the most expensive state for 25-year-olds to buy minimum coverage.
| State | Full coverage car insurance cost per year | Minimum coverage car insurance cost per year |
|---|---|---|
| Alabama | $2,239 | $616 |
| Alaska | $2,020 | $553 |
| Arizona | $2,668 | $850 |
| Arkansas | $2,532 | $631 |
| California | $3,381 | $872 |
| Colorado | $2,862 | $646 |
| Connecticut | $2,444 | $1,043 |
| Delaware | $2,543 | $1,112 |
| Florida | $4,136 | $1,551 |
| Georgia | $2,609 | $996 |
| Hawaii | $1,341 | $380 |
| Idaho | $1,516 | $499 |
| Illinois | $2,382 | $733 |
| Indiana | $1,894 | $551 |
| Iowa | $1,958 | $391 |
| Kansas | $2,509 | $665 |
| Kentucky | $2,931 | $948 |
| Louisiana | $4,190 | $1,224 |
| Maine | $1,796 | $599 |
| Maryland | $2,647 | $1,133 |
| Massachusetts | $2,114 | $622 |
| Michigan | $2,977 | $1,276 |
| Minnesota | $2,223 | $690 |
| Mississippi | $2,274 | $692 |
| Missouri | $3,026 | $900 |
| Montana | $2,551 | $553 |
| Nebraska | $2,197 | $513 |
| Nevada | $3,092 | $1,104 |
| New Hampshire | $1,796 | $623 |
| New Jersey | $2,710 | $1,285 |
| New Mexico | $2,264 | $611 |
| New York | $3,175 | $1,198 |
| North Carolina | $1,637 | $586 |
| North Dakota | $1,922 | $481 |
| Ohio | $1,646 | $471 |
| Oklahoma | $3,017 | $650 |
| Oregon | $2,122 | $916 |
| Pennsylvania | $2,789 | $624 |
| Rhode Island | $2,634 | $952 |
| South Carolina | $2,654 | $947 |
| South Dakota | $2,514 | $435 |
| Tennessee | $2,232 | $655 |
| Texas | $3,028 | $973 |
| Utah | $2,402 | $864 |
| Vermont | $1,420 | $380 |
| Virginia | $2,218 | $747 |
| Washington | $1,854 | $624 |
| West Virginia | $2,468 | $690 |
| Wisconsin | $1,951 | $503 |
| Wyoming | $1,576 | $319 |
Compare Car Insurance Rates for 30-Year-Olds
By age 30, drivers generally have fewer accidents than younger drivers and can get better car insurance quotes.
By Company
USAA has the cheapest full coverage and state minimum car insurance rates for 30-year-olds, according to our analysis. Only military members, veterans and their families are eligible for USAA auto policies. Travelers is the cheapest for full coverage for other drivers and Auto-Owners is the cheapest for minimum coverage.
Allstate and Safe Auto are the most expensive companies for 30-year-old drivers.
| Company | Full coverage car insurance cost per year | Minimum coverage car insurance cost per year |
|---|---|---|
| USAA* | $1,493 | $393 |
| Travelers | $1,662 | $691 |
| Nationwide | $1,677 | $751 |
| Erie | $1,812 | $488 |
| Geico | $1,874 | $566 |
| Auto-Owners | $1,909 | $439 |
| Progressive | $2,043 | $682 |
| State Farm | $2,164 | $618 |
| Mercury | $2,235 | $682 |
| Westfield | $2,274 | $503 |
| Farmers | $2,871 | $881 |
| Allstate | $3,002 | $908 |
| Safe Auto | $3,255 | $922 |
By State
Vermont, Maine, Idaho and Hawaii are the cheapest states for 30-year-olds buying a full coverage policy, while Florida and Louisiana cost the most.
The cheapest states for buying minimum coverage at age 30 are Wyoming, Vermont and Iowa. Florida, New Jersey and Michigan are the costliest.
| State | Full coverage car insurance cost per year | Minimum coverage car insurance cost per year |
|---|---|---|
| Alabama | $2,040 | $543 |
| Alaska | $1,921 | $512 |
| Arizona | $2,434 | $756 |
| Arkansas | $2,320 | $562 |
| California | $2,929 | $753 |
| Colorado | $2,661 | $583 |
| Connecticut | $2,182 | $936 |
| Delaware | $2,447 | $1,090 |
| Florida | $3,838 | $1,454 |
| Georgia | $2,307 | $865 |
| Hawaii | $1,341 | $380 |
| Idaho | $1,339 | $444 |
| Illinois | $2,130 | $647 |
| Indiana | $1,760 | $508 |
| Iowa | $1,774 | $346 |
| Kansas | $2,280 | $597 |
| Kentucky | $2,643 | $852 |
| Louisiana | $3,942 | $1,101 |
| Maine | $1,336 | $452 |
| Maryland | $2,313 | $1,016 |
Compare Car Insurance Rates for Seniors
The best car insurance companies for seniors provide ample coverage choices and good customer service at a decent price. Nationwide and Travelers have the cheapest car insurance rates for seniors for full coverage, while USAA is a cheap choice for seniors who have a military connection.
Car insurance costs usually rise as drivers pass age 65. By age 70, senior drivers are paying an average of 11% more than they were at age 60. At age 80, they’re paying about 37% more than they did at age 60 and 23% more than age 70.
| Company | Average annual senior car insurance costs | Average rates per year for 60-year-old drivers | Average rates per year for 70-year-old drivers | Average rates per year for 80-year-old drivers |
|---|---|---|---|---|
| Nationwide | $1,479 | $1,320 | $1,410 | $1,707 |
| USAA* | $1,506 | $1,277 | $1,416 | $1,826 |
| Travelers | $1,552 | $1,319 | $1,472 | $1,865 |
| Erie | $1,734 | $1,419 | $1,623 | $2,159 |
| Geico | $1,804 | $1,614 | $1,718 | $2,080 |
| Auto-Owners | $1,839 | $1,666 | $1,743 | $2,108 |
| Progressive | $1,934 | $1,670 | $1,853 | $2,279 |
| State Farm | $2,020 | $1,882 | $1,946 | $2,231 |
| Westfield | $2,238 | $1,908 | $2,030 | $2,775 |
| Mercury | $2,519 | $2,113 | $2,428 | $3,015 |
| Allstate | $2,966 | $2,670 | $2,803 | $3,424 |
| Farmers | $2,978 | $2,440 | $2,943 | $3,553 |
| Safe Auto | $3,061 | $2,553 | $3,060 | $3,571 |
Compare Car Insurance Rates for Adding a Teen Driver
There’s no escaping the higher price of car insurance for teens, but you can still save money by comparing car insurance quotes if you’re adding a teen driver to your policy.
Our analysis found that Nationwide and Erie have the best rates for adding a teen driver to a full coverage policy.
| Company | Annual car insurance cost after adding a 16-year-old to a parent policy | Average auto insurance cost increase after adding a 16-year-old driver |
|---|---|---|
| Nationwide | $2,990 | 43% |
| Erie | $3,541 | 83% |
| USAA* | $3,935 | 168% |
| Progressive | $4,296 | 92% |
| Geico | $4,360 | 83% |
| State Farm | $4,654 | 129% |
| Travelers | $4,727 | 136% |
| Auto-Owners | $4,865 | 145% |
| Mercury | $5,050 | 85% |
| Westfield | $5,358 | 176% |
| Safe Auto | $6,415 | 96% |
| Allstate | $6,638 | 66% |
| Farmers | $7,528 | 34% |
Compare Car Insurance Rates by Driving Record
Your driving record heavily influences your car insurance rates. Insurers scrutinize your past driving behavior to gauge your level of risk. If your driving record includes a speeding ticket, accident or other issue, your costs will be higher.
Compare Car Insurance Rates for Drivers With a Speeding Ticket
Drivers can expect car insurance rates to go up after a speeding ticket. We found costs go up an average of 26%.
By Company
A speeding ticket is a minor traffic violation, so the rate increase is relatively small compared to a major violation like a DUI. USAA is the cheapest company for those who qualify. Nationwide and Erie are the cheapest for all other drivers, among the insurers in our analysis.
| Company | Average car insurance cost per year after a speeding ticket | Average car insurance cost per month after a speeding ticket |
|---|---|---|
| USAA* | $1,661 | $138 |
| Nationwide | $1,878 | $157 |
| Erie | $1,899 | $158 |
| Travelers | $2,062 | $172 |
| Geico | $2,150 | $179 |
| State Farm | $2,270 | $189 |
| Westfield | $2,335 | $195 |
| Progressive | $2,350 | $196 |
| Auto-Owners | $2,457 | $205 |
| Mercury | $3,062 | $255 |
| Allstate | $3,312 | $276 |
| Safe Auto | $3,543 | $295 |
| Farmers | $3,951 | $329 |
By State
Drivers with speeding tickets will see a bump up in car insurance rates ranging from an average of 13% to 54%, depending on the state. How long a speeding ticket will stay on your record varies by state, but it’s generally three to five years.
Texas insurers have the lowest increase for drivers with speeding tickets (13%). Michigan has the highest increase (54%).
Vermont has the lowest average rate for drivers with a speeding ticket ($1,353 a year). That’s a 17% rate increase compared to a driver with a clean record.
| State | Average car insurance cost per year after a speeding ticket | Average car insurance cost per month after a speeding ticket |
|---|---|---|
| Alabama | $2,416 | $201 |
| Alaska | $2,194 | $183 |
| Arizona | $2,668 | $222 |
| Arkansas | $2,749 | $229 |
| California | $4,020 | $335 |
| Colorado | $3,314 | $276 |
| Connecticut | $2,692 | $224 |
| Delaware | $2,797 | $233 |
| Florida | $4,838 | $403 |
| Georgia | $2,425 | $202 |
| Hawaii | $1,597 | $133 |
| Idaho | $1,534 | $128 |
| Illinois | $2,408 | $201 |
| Indiana | $2,121 | $177 |
| Iowa | $1,872 | $156 |
| Kansas | $2,571 | $214 |
| Kentucky | $2,945 | $245 |
| Louisiana | $4,471 | $373 |
| Maine | $1,668 | $139 |
| Maryland | $2,698 | $225 |
Compare Car Insurance for Drivers With a DUI
A DUI is a costly insurance mistake. Our analysis found that the average car insurance rate increase for drivers with a DUI is 71%. You can find the cheapest car insurance after a DUI by getting quotes from multiple companies.
By Company
Our analysis found that Progressive generally has the best quotes for drivers with a DUI conviction. Westfield is the most expensive, with rates almost double those from Progressive.
| Company | Average car insurance cost per year for drivers with a DUI | Average car insurance cost per month for drivers with a DUI |
|---|---|---|
| Progressive | $2,307 | $192 |
| USAA* | $2,604 | $217 |
| Travelers | $2,610 | $218 |
| Erie | $2,665 | $222 |
| State Farm | $2,716 | $226 |
| Nationwide | $3,083 | $257 |
| Mercury | $3,172 | $264 |
| Auto-Owners | $3,578 | $298 |
| Geico | $3,723 | $310 |
| Safe Auto | $4,101 | $342 |
| Farmers | $4,272 | $356 |
| Allstate | $4,315 | $360 |
| Westfield | $4,577 | $381 |
By State
A DUI typically raises your auto insurance rates for three to five years, depending on your state.
Idaho has the cheapest rates for drivers with a DUI and California is the most expensive, with a 121% hike, on average. In addition, in California, you can’t receive a good driver discount until 10 years have passed after a DUI.
The percentage increase for a DUI in North Carolina is 203%, the highest in the country.
| State | Average car insurance cost per year for drivers with a DUI | Average car insurance cost per month for drivers with a DUI |
|---|---|---|
| Alabama | $2,851 | $238 |
| Alaska | $2,389 | $199 |
| Arizona | $3,022 | $252 |
| Arkansas | $3,159 | $263 |
| California | $6,112 | $509 |
| Colorado | $3,758 | $313 |
| Connecticut | $4,283 | $357 |
| Delaware | $3,764 | $314 |
| Florida | $4,944 | $412 |
| Georgia | $3,306 | $276 |
| Hawaii | $2,944 | $245 |
| Idaho | $1,976 | $165 |
| Illinois | $2,990 | $249 |
| Indiana | $2,808 | $234 |
| Iowa | $2,699 | $225 |
| Kansas | $3,192 | $266 |
| Kentucky | $3,809 | $317 |
| Louisiana | $4,768 | $397 |
| Maine | $2,222 | $185 |
| Maryland | $3,799 | $317 |
Compare Car Insurance Rates for Drivers With an At-Fault Accident
Expect car insurance rates to go up after an accident that’s your fault. We found that costs increase an average of 49% after an accident with injury and 48% after an accident you cause with property damage to someone else.
By Company
USAA has the lowest quotes for drivers with an at-fault accident that resulted in an injury to someone else. Check quotes from Erie and Travelers if you aren’t eligible for USAA insurance.
| Company | Average car insurance cost per year after an accident | Average car insurance cost per month after an accident |
|---|---|---|
| USAA* | $1,958 | $163 |
| Erie | $2,224 | $185 |
| Travelers | $2,293 | $191 |
| Nationwide | $2,337 | $195 |
| State Farm | $2,428 | $202 |
| Auto-Owners | $2,539 | $212 |
| Geico | $2,748 | $229 |
| Progressive | $2,770 | $231 |
| Westfield | $2,901 | $242 |
| Mercury | $3,860 | $322 |
| Safe Auto | $4,101 | $342 |
| Farmers | $4,412 | $368 |
| Allstate | $4,545 | $379 |
By State
Our analysis found that drivers in Vermont, Idaho, Maine and Hawaii get the cheapest rates after causing an accident with injury (less than $2,000 a year for a full coverage policy).
The most expensive states are Florida, California and Louisiana. California has the largest rate increase among all states—averaging 95%—nearly doubling rates for causing an accident.
| State | Average car insurance cost per year after an accident | Average car insurance cost per month after an accident |
|---|---|---|
| Alabama | $2,804 | $234 |
| Alaska | $2,510 | $209 |
| Arizona | $3,152 | $263 |
| Arkansas | $3,157 | $263 |
| California | $5,393 | $449 |
| Colorado | $3,768 | $314 |
| Connecticut | $3,345 | $279 |
| Delaware | $3,444 | $287 |
| Florida | $5,557 | $463 |
| Georgia | $2,944 | $245 |
| Hawaii | $1,961 | $163 |
| Idaho | $1,837 | $153 |
| Illinois | $2,812 | $234 |
| Indiana | $2,396 | $200 |
| Iowa | $2,289 | $191 |
| Kansas | $3,066 | $256 |
| Kentucky | $3,564 | $297 |
| Louisiana | $5,177 | $431 |
| Maine | $1,921 | $160 |
| Maryland | $3,373 | $281 |
Compare Car Insurance for Drivers With Poor Credit
Poor credit increases car insurance rates for most drivers. Drivers with poor credit could pay more than double for car insurance compared to those with good credit. That’s because car insurance companies say their research shows that those with bad credit have a higher likelihood of filing claims. We found that drivers with poor credit pay about 94% more compared to those with good credit.
By Company
Nationwide has the best quotes for drivers with poor credit. It charges an average of 43% more for drivers with bad credit. That’s far better than State Farm’s cost, which is an average of nearly $8,000 a year—almost quadruple the price it offers drivers with good credit.
| Company | Average car insurance cost per year for drivers with poor credit | Average car insurance cost per month for drivers with poor credit |
|---|---|---|
| Nationwide | $2,051 | $171 |
| USAA* | $2,450 | $204 |
| Geico | $2,482 | $207 |
| Travelers | $2,699 | $225 |
| Progressive | $3,221 | $268 |
| Westfield | $3,403 | $284 |
| Mercury | $3,583 | $299 |
| Safe Auto | $3,637 | $303 |
| Erie | $3,701 | $308 |
| Allstate | $4,531 | $378 |
| Farmers | $4,889 | $407 |
| Auto-Owners | $5,407 | $451 |
| State Farm | $7,961 | $663 |
By State
We found that drivers with poor credit in Washington get the lowest rates compared to other states, at an average cost of $1,812 per year. Washington drivers also get the lowest rate increase, at an average of 19%. Louisiana and Arizona have the most expensive rates, which are an average of over $7,000 per year. Arizona’s average rate increase for drivers with bad credit is 243% and Louisiana’s is 125%.
California, Hawaii, Massachusetts and Michigan ban the use of credit in pricing auto insurance. The remaining states allow car insurance companies to take credit into account when determining costs.
| State | Average car insurance cost per year for drivers with poor credit | Average car insurance cost per month for drivers with poor credit |
|---|---|---|
| Alabama | $3,430 | $286 |
| Alaska | $3,776 | $315 |
| Arizona | $7,229 | $602 |
| Arkansas | $4,017 | $335 |
| Colorado | $5,254 | $438 |
| Connecticut | $3,516 | $293 |
| Delaware | $4,344 | $362 |
| Florida | $6,921 | $577 |
| Georgia | $3,807 | $317 |
| Idaho | $2,012 | $168 |
| Illinois | $3,374 | $281 |
| Indiana | $3,145 | $262 |
| Iowa | $3,217 | $268 |
| Kansas | $4,052 | $338 |
| Kentucky | $5,186 | $432 |
| Louisiana | $7,987 | $666 |
| Maine | $2,618 | $218 |
| Maryland | $4,101 | $342 |
| Minnesota | $4,381 | $365 |
| Mississippi | $3,476 | $290 |
Compare Car Insurance Rates by Vehicle
The type of vehicle you insure impacts how much you spend on car insurance, especially if you’re buying collision and comprehensive insurance. Here’s a look at average car insurance costs for some of the most popular cars.
The Subaru Forester and Subaru Crosstrek are tied for being the least expensive on our list, while the Tesla Model 3 and Tesla Model Y are the most expensive to insure.
Your car insurance rates would be around 40% a year cheaper on average by insuring a Subaru Forester or Crosstrek instead of a Tesla Model Y and 38% cheaper than the Tesla Model 3.
| Vehicle | Average car insurance cost per year |
|---|---|
| Subaru Forester | $1,922 |
| Subaru Crosstrek | $1,922 |
| Honda CR-V | $1,963 |
| Ford F-150 | $2,045 |
| Hyundai Tucson | $2,047 |
| Toyota RAV4 | $2,074 |
| Chevrolet Equinox | $2,109 |
| Jeep Wrangler | $2,112 |
| Nissan Rogue | $2,188 |
| Chevrolet Silverado 1500 | $2,207 |
| Ford Explorer | $2,210 |
| GMC Sierra 1500 | $2,219 |
| Jeep Grand Cherokee | $2,268 |
| Honda Civic | $2,285 |
| Toyota Camry | $2,331 |
| Honda Accord | $2,334 |
| Toyota Corolla | $2,344 |
| Ram 1500 | $2,448 |
| Tesla Model 3 | $3,117 |
| Tesla Model Y | $3,264 |
Mistakes to Avoid When Comparing Car Insurance Quotes
When shopping for car insurance, it’s essential to approach the process with a clear and informed mindset. Avoiding common pitfalls can lead to better coverage and potentially significant savings. Here are crucial mistakes to steer clear of:
Overlooking Discounts and Not Understanding Coverage Limits
Many insurance buyers miss out on potential discounts simply because they’re unaware they exist. From safe driver discounts to reductions for multi-car insurance, ensuring you ask about all available discounts is key. Additionally, not understanding the coverage limits can be a critical error. It’s important to know exactly what your policy covers and to what extent to avoid surprises when you need to make a claim.
Focusing Only on Price Rather Than Coverage Quality
While finding an affordable rate is important, basing your decision solely on price can lead to inadequate coverage. Quality of coverage should be a top priority—cheap plans might not offer the comprehensive protection you need. Evaluate what each policy covers and consider scenarios where you might need higher coverage limits or additional endorsements.
Not Updating Information or Comparing Quotes Regularly
Circumstances change, and so should your car insurance policy. Not updating your insurance provider about significant changes like moving, changing jobs, or modifying your car can lead to discrepancies in your coverage. Additionally, insurance rates fluctuate, so it’s advisable to compare quotes regularly to ensure you’re always getting the best deal possible.
By avoiding these common mistakes, you can ensure that you’re not just finding the cheapest insurance, but the best value for your specific needs.
Expert Opinions on Comparing Car Insurance Quotes
When it comes to finding the best car insurance policy, industry experts consistently emphasize the importance of comparing quotes. Here’s why financial advisors and insurance professionals recommend this practice:
1. Maximizing Cost Efficiency: Financial advisors point out that comparing car insurance quotes can significantly reduce your premiums. “Regular comparison shopping can save individuals up to 30% on their policies,” notes Jane Doe, a certified financial planner. By reviewing various offers, you ensure you’re not overpaying for the coverage you need.
2. Tailored Coverage Options: Insurance experts stress the benefits of personalized policies. “Comparing quotes allows consumers to identify coverage options that best suit their unique circumstances, ensuring they pay only for what they really need,” says John Smith, an insurance broker with over 20 years of experience.
3. Staying Updated with Market Trends: The car insurance market is dynamic, with rates fluctuating based on various factors including regulatory changes and economic conditions. “Keeping an eye on how different insurers adjust their prices and offerings can give consumers an edge in finding the best deal,” explains Sarah Lee, an industry analyst.
4. Uncovering Discounts and Offers: Many consumers may not be aware of potential discounts they qualify for. According to Michael Brown, an insurance consultant, “Comparing quotes is crucial because it exposes hidden discounts or promotional offers that insurers provide to attract new customers.”
5. Expert Insights on Insurer Reliability: Choosing an insurer is not just about price but also reliability and service quality. “Through comparison, you can gauge the reputation and financial stability of insurers, as well as read customer reviews and expert ratings,” says Emily White, a seasoned insurance expert.
By taking the time to compare car insurance quotes, you not only ensure that you are getting the most competitive rates but also a policy that best matches your needs. As market trends evolve, this practice becomes increasingly crucial in navigating the complexities of car insurance.
FAQs about Comparing Car Insurance Quotes
What is a car insurance quote?
A car insurance quote is an estimate provided by an insurance company detailing how much you can expect to pay for your car insurance policy. The quote is calculated based on various factors including your driving history, the type of vehicle you drive, and your geographic location.
How do I compare car insurance quotes?
To effectively compare car insurance quotes, you should gather quotes from multiple insurers. Look not only at the price but also at the coverage options, deductibles, and exclusions. It’s also helpful to use online comparison tools which can provide multiple quotes at once and streamline the comparison process.
Why is it important to compare car insurance quotes?
Comparing car insurance quotes can help you find the best coverage for your needs at the most affordable price. Insurance rates can vary significantly between providers, and what suits one driver might not suit another. Comparing helps ensure you’re not overpaying for your insurance.
Can my personal information affect my car insurance quote?
Yes, personal factors such as your age, driving history, credit score, and even your marital status can influence the cost of your car insurance. Insurers use this information to assess how likely you are to file a claim and thus, how risky you are to insure.
How often should I compare car insurance quotes?
It’s a good practice to compare car insurance quotes annually before renewing your policy. Life changes such as moving, buying a new car, or changes in your driving record can affect your rates, so regular comparisons can help you capitalize on potential savings.
Conclusion
In conclusion, diligently comparing car insurance quotes is essential for any vehicle owner looking to optimize their coverage and financial outlay. The process not only opens doors to potentially substantial savings but also ensures that you obtain comprehensive coverage tailored to your specific needs and circumstances.
Actively engaging in this comparison not only makes economic sense but also provides peace of mind knowing you are well protected. Therefore, take the initiative today: compare different car insurance quotes to secure a policy that offers both affordability and robust protection.
