Full coverage car insurance rose more than 40% in some states. Here's how to lower your rates.
Forbes Advisor analyzed car insurance rates to find the average cost of car insurance by age, coverage level, driver history, gender and state.
Key takeaways ; 18-year-old drivers on their own policy pay the highest car insurance premiums out of the age groups Bankrate analyzed. ; The most significant difference in premiums by gender occurs at age 18. On average, 18-year-old males cost 5 percent less to insure than their female counterparts. ; As drivers age, the difference in premium between genders narrows. At age 50, for instance, males only pay 5 percent more more on average per year for full coverage than 50-year-old females.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate auto insurance products to write unbiased product reviews. Car insurance provides financial protection after a car accident. Driving uninsured can lead to tens of thousands of dollars in damages and injuries. A crucial component of your policy is your car insurance rates. Understanding how rates work can help you get the most competitive ...
Learn from Bankrate about the current average cost of car insurance and ensure that you're not overpaying for this necessary financial protection.
Car insurance rates change based on the driver’s age and gender. Use our premiums calculator to estimate your rates.
On average, you can expect car insurance in the United States to cost $223 per month for full coverage and $72 per month for minimum coverage.
Did you know your age and gender can affect how much you pay for car insurance? Younger drivers typically pay the highest insurance rates.
When it comes to buying car insurance, age and gender can impact rates. See average auto insurance rates broken down across gender and multiple ages.
Annual average car insurance costs by state can vary from as little as $303 to as much as $4,357 depending on your chosen coverage and where you live.