January 28, 2021
Compare car insurance rates

Compare car insurance rates

Compare car insurance rates

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver.

Auto insurance prices tend to inch up over time, but they can also go down. By shopping around, you might find that your current insurer offers the cheapest rate for you, or you might find that it’s time to switch.

Several factors go into an auto insurance rate: ZIP code, marital status, annual mileage, driving history and vehicle make, year and model. In most states, your gender and credit history could also be used to determine rates.

That’s why every year, NerdWallet analyzes car insurance rates for men and women with various driving and credit histories, in every single state and for every major auto insurance company, so you can compare auto insurance rates with ease and get the cheapest price for you.

Compare sample auto insurance rates by:

AgeDrivers with a DUI.Drivers with poor credit.Drivers with a recent speeding ticket.Drivers with an at-fault accident.

Compare car insurance rates

Each insurance company evaluates personal factors in its own way, and they keep their methods as hidden as possible. So we can’t tell you which company puts high value in your occupation, or emphasizes a clean driving history more than others. But to help you get going, we can show you average annual rates for minimum and full coverage car insurance policies by state and by company, from the top 10 private passenger auto insurers in the country based on 2019 market share data from the National Association of Insurance Commissioners. “Full coverage” policies have higher liability limits and include uninsured motorist protection, comprehensive and collision coverage.

Compare minimum and full coverage rates for 25-year-olds

Drivers around the age of 25 typically get higher car insurance rates because as a group they get into more accidents on average than older drivers.

Rates vary from company to company. For example, full coverage from American Family for a 25-year-old costs $1,386 a year, on average, while the average price from Liberty Mutual is $2,311.

Below you can compare annual rates for 25-year-olds by company and by state. Rates are averaged across the country separately for full and minimum coverage.

Compare car insurance rates

*USAA is only available to military, veterans and their families.

Average car insurance rates for a 25-year-old driver vary significantly from state to state. Some states, like Maine and Vermont, have average rates under $1,200 a year for full coverage. In other states, such as New Jersey and California, insurance costs more than $2,000 a year, on average, for the same driver profile.

See how your state stacks up below.

car insurance rates

Compare minimum and full coverage rates for 40-year-olds

Drivers around the age of 40 are in a car insurance sweet spot. Because this age group tends to get in fewer accidents than other age groups, they typically can get the cheapest rates. But prices will still vary from company to company. Aside from USAA, which is only available to military, veterans and their families, Geico provides the lowest price for full coverage cost for 40-year-olds at $1,198, on average, while Farmers Insurance comes in at the highest at $1,865, on average.

Compare national average annual car insurance rates for 40-year-olds by company and by state below. Keep in mind that not all of these companies are available in every state.

car insurance rates car insurance rates

*USAA is only available to military, veterans and their families.

While average car insurance rates fluctuate by state, 40-year-olds in several states, including Idaho, Indiana and Virginia, can pay less than $1,000 a year, on average, for full coverage policies. Similar drivers in other states could pay less than $2,000 a year for full coverage, on average. Only four states charge more than $2,000 a year to 40-year-old drivers with full coverage car insurance: Kentucky, Michigan, Florida and Louisiana.

See how your state stacks up below.

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Compare car insurance rates for drivers with a DUI

After a DUI, your auto insurance rate will go up — in some cases, 75% or more. But one thing you can control that can affect rates the most is your insurance company. A DUI can affect car insurance rates for 3 to 10 years, so it’s best to shop around for the best price after getting one.

Below you can compare company averages for 40-year-olds before and after a DUI. Keep in mind that not all of these companies are available in every state.

car insurance rates car insurance rates

*USAA is only available to military, veterans and their families.

While your rate will increase after a DUI, how much it does depends in part on which state you live in. In Missouri, the average rate for drivers with a recent DUI is 43% higher, on average, than for similar drivers with no incidents — $571 more a year. However, a DUI in North Carolina more than tripled average rates in our analysis, adding more than $3,000 to the annual cost of full coverage car insurance for 40-year-old drivers.

See below for how your state measures up.

car insurance

Compare car insurance rates for drivers with poor credit

Your credit history is one of the largest factors affecting your car insurance quote in all states except California, Hawaii and Massachusetts. While rates can double in some cases, it’s important to note that every company considers credit very differently, and even among insurers this factor fluctuates by state. Drivers with poor credit insured by Liberty Mutual could pay an average of 40% more — $719 more a year — compared to similar drivers with good credit. Meanwhile, State Farm’s average price for full coverage more than doubles for drivers with poor credit compared to those with good credit.

Below you can compare average full coverage rates for 40-year-old drivers with poor credit by company.

*USAA is only available to military, veterans and their families.

Certain states prohibit the use of credit in setting rates, and how insurers treat credit differs from state to state. For example, state legislators in one state may allow more wiggle room for credit-based pricing than others, leading to variations by state.

Our analysis found that:

In North Carolina, a driver with poor credit could pay about 33% more than a good credit driver.Having poor credit in Utah doubles the average insurance rate compared to drivers with good credit.Average rates for poor credit drivers in Michigan were about 2.4 times the average rates for good credit drivers.

Below you can compare average full coverage rates for 40-year-old drivers with poor credit by state.

Compare car insurance rates for drivers with a ticket

After you get a speeding ticket, your auto insurance rates will go up — typically about 25%. But the amount your rate goes up depends on the state you live in and your insurance company. American Family’s average rates for drivers with a speeding ticket were 5% more than for drivers with a clean record in our analysis. By contrast, Liberty Mutual’s rates for drivers with a speeding ticket are 34% more than for those with a clean record, on average. Since a ticket can stay on your driving record anywhere from 1 to 3 years, it’s always best to shop around to find the cheapest rates.

Below you can compare average full coverage rates for 40-year-old drivers with a recent ticket by company.

*USAA is only available to military, veterans and their families.

You can also compare car insurance rates by state. In some states like Pennsylvania and Texas, average rates for drivers with a speeding ticket are 12% higher, on average, than for drivers with no violations. In other states a speeding ticket resulted in 40% higher rates — or more, such as in Hawaii, where a ticket costs an additional 74% in car insurance premiums, on average.

Below you can compare average full coverage rates for 40-year-old drivers with a recent ticket by state.

Compare minimum and full coverage rates for drivers with an accident

Among the largest companies, your history of accidents will affect your auto insurance quote in very different ways. Check out how each insurer’s average rates for drivers with an accident stack up before you start comparison shopping for auto insurance. If you have an on-record accident, make sure to compare car insurance quotes one, three and five years after the date of the incident to continue to get the best and cheapest rate possible.

The cheapest car insurance company for a driver with a clean history might not be the cheapest company after an at-fault accident occurs. For example, while USAA typically has the best price for drivers with a clean driving history, our data shows that American Family has the cheapest average rates for drivers with a recent at-fault accident — with rates after an accident only 13% higher, on average, than for our base profile.

Below you can compare average full coverage rates for 40-year-old drivers with a recent at-fault accident by company

State legislators set limits on how much a company can increase your rates after a crash. Our hypothetical accident resulted in $10,000 worth of damage. That caused average annual rates to spike by $1,000 or more in some states, while others jumped by far less. For example, rates in Idaho for full coverage policies and drivers with a recent at-fault accident were $349 per year more, on average, than for drivers with for no accidents. Meanwhile, rates in Louisiana averaged over $1,600 more after causing an accident than for incident-free drivers.

One thing’s for sure: Your rates will likely increase after an at-fault accident, so be sure to compare car insurance rates if you have one on record. Below you can compare average full coverage rates for 40-year-old drivers with a recent at-fault accident by state.

Source: nerdwallet.com

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