State, Minimum Coverage Required, Average Annual Minimum-Liability Premium, Average Annual Full-Coverage Premium ; Alabama, 25/50/25, $572, $2,048 ; Alaska, 50/100/25, $506, $2,116 ; Arizona, 25/50/15, $956, $3,127 ; Arkansas, 25/50/25, $589, $2,398 ; California, 15/30/5, $736, $3,040
Car insurance rates aren’t set in stone: Here are 6 tips for reducing your costs
Key insights from Bankrate's 2024 car insurance cost analysis: Full coverage car insurance costs an average of $2,458 per year, while minimum coverage is $678 per year. On a monthly basis, full coverage averages $205, with minimum coverage averaging $56 per month. USAA, Auto-Owners and Geico offer some of the cheapest full coverage car insurance but are not all available to all drivers. Men tend to pay more than women for car insurance, on average, since data show they are more likely to engage ...
Car insurance costs are rising but there are strategies you can use to try and lower your costs.
Key Takeaways ; The average annual cost of a car insurance policy is $2,068, according to our study. ; Traffic offenses like speeding tickets and DUIs can significantly increase average costs. ; Teens are among the costliest drivers to insure, while seniors enjoy relatively low rates.
Car insurance is a big expense these days: Drivers paid an average of $212 a month for full coverage in February 2024, according to data compiled by Bankrate, a 26% increase from 2023. Savvy shoppers know you can save money by comparing rates, bundling home and auto insurance and maintaining a good credit score. But you can also trim your premiums by eliminating unnecessary fees and options. You might be paying a surcharge and not even realize it.
Discover what influences car insurance rates, how to get the best rates, and answers to common questions. Learn about car insurance rates now.
These lesser-known insurers often have higher levels of customer satisfaction and may offer lower rates as well. One of the easiest ways to shop around for cheap car insurance is through an...
Car insurance rates are at a 50-year high. The climate crisis and high accident rates are to blame, but there are tricks for lowering your bill.
According to Bankrate, the states with the highest average annual premium are: Lower your... 80%, down 1% Why are car insurance rates so high? Car insurance rates depend on your location...