Use our car insurance group checker to find out what insurance group your car is in and what that means for the price of your premiums.
The type of car you drive affects the cost of your car insurance. Find the cheapest car insurance groups and the cheapest cars to insure in 2023 here.
Key Takeaways ; The average annual cost of a car insurance policy among insurers we analyzed is $2,068, compared to $1,459 a year ago. ; USAA has the lowest sample premiums in our study, but its policies are only available to current and former members of the military and their families. ; Erie, which is available in 12 states and Washington, D.C., has the lowest rates we found for teen drivers.
The cheapest car insurance rates start at $39 per month and the most affordable companies with nationwide availability are USAA, Travelers, and Geico
Company, Avg. 6 Mo. Premium, Avg. Monthly Premium ; USAA, $165, $27 ; Hastings Mutual Insurance Co, $181, $30 ; Auto-Owners, $185, $31
The sweet spot for buying car insurance is two to four weeks before your renewal date. Leave it later and you'll see insurers start to charge more
Company, Avg. Annual Premium ; Travelers, $1,281 ; GEICO, $1,330 ; Nationwide, $1,344
Limit, Coverage description ; 50/, $50,000 in bodily injury liability coverage per person ; 100/, $100,000 in bodily injury coverage per incident ; 50, $50,000 in property damage liability per incident
Key takeaways ; Your vehicle type, motor vehicle record and previous claims history are a few factors that determine car insurance rates. ; The type of vehicle you drive, how frequently you drive and the coverage you choose also makes a difference. ; Asking about discounts, bundling policies and only filing claims when necessary are ways to potentially save on car insurance.
The average cost of full coverage car insurance for a 20-year-old is $329 per month. The cheapest car insurance company for 20-year-olds is Farm Bureau, at $198 per month.