Full coverage car insurance rose more than 40% in some states. Here's how to lower your rates.
Bankrate gathered average car insurance rates by state to help you shop smarter.
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
Insured a teenage driver ; Credit score decreased ; Received a speeding ticket ; Caused an accident ; Lapse in coverage ; Convicted of a DUI
We evaluate car insurance rates by state to reveal the most expensive and cheapest states for auto insurance. Find out the car insurance costs in your state.
insurance rates now? 1. Florida’s average annual premium: $2,560 Lower your auto insurance costs: Find the best car insurance of 2023 The Sunshine State "is so expensive as Florida has...
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 ...
Vehicle insurance prices continue to soar despite overall easing inflation trends. See which states have the highest rates and where yours ranks.
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.
Auto insurance premiums are climbing even faster, far... While state regulators have some power to limit those price... escalating rates of uninsured drivers and homeowners, which makes us...