Car insurance costs continue to rise. According to a report from Bankrate, average premiums for full coverage auto insurance hit $2,543 in 2024, a 26% increase from 2023. ; Unsurprisingly, drivers across the U.S. are looking for ways to save. Nearly half (49%) of auto insurance customers are actively shopping for a new plan, according to J.D. Power. ; Full coverage car insurance combines three kinds of coverage and is usually required if you lease or finance your car.
Car insurance costs in Texas are slightly higher than the national average, with drivers paying $960 per year for a liability policy or $3,156 for full coverage.
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.
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.
Learn from Bankrate about the current average cost of car insurance and ensure that you're not overpaying for this necessary financial protection.
Bankrate gathered average car insurance rates by state to help you shop smarter.
Insured a teenage driver ; Credit score decreased ; Received a speeding ticket ; Caused an accident ; Lapse in coverage ; Convicted of a DUI
Forbes Advisor analyzed car insurance rates to find the average cost of car insurance by age, coverage level, driver history, gender and state.
What is the average annual cost of U.S. car insurance? Check out the average rates of auto insurance. Learn about factors affecting them.
Car insurance pricing takes numerous factors into account. We'll show you the average cost of car insurance in the United States so you know what to expect.