WalletHub, Financial Company
@WalletHub
Car insurance for a new car costs an average of $60 to $166 per month, or $720 to $1,992 per year, depending on factors like the vehicle’s make and model, your driving record and age, what state you live in, and how much coverage you buy. Some brand-new cars are cheaper to insure than others due to safety features and low rates of being stolen.
Average Annual Cost of Car Insurance by State
| State | Minimum Coverage Cost | Full Coverage Cost |
| $844 | $2,518 | |
| $780 | $2,312 | |
| $814 | $3,208 | |
| $1,828 | $4,451 | |
| $501 | $1,848 | |
| $662 | $1,738 | |
| $414 | $1,122 | |
| $1,095 | $2,476 | |
| $477 | $1366 | |
| $1,908 | $3,833 |
Tips for Getting Cheaper Insurance on a New Car
Look for Discounts
Most car insurers offer discounts for things like being a safe driver or being continually insured. These discounts can save drivers up to 35% on their premiums.
Shop Around
The best way to make sure you’re getting the best car insurance rates is to compare quotes from at least three different companies. Remember to check quotes every 6-12 months, too, so you know you’re still getting a good deal.
Switch Insurers
If your insurer is charging you more than you’d like for insurance on your new car, think about switching to a new insurer.
Cheapest Insurance Companies for New Cars
To learn more, check out WalletHub’s guide on what factors affect your car insurance rates, and make sure you’re getting the best deal by comparing quotes now.
People also ask
How much is full coverage insurance on a new car?
Full coverage insurance on a new car is about $2,000 per year, on average. While the newness of a car is not the primary factor in determining how much insurance costs, having a new car could increase premiums by an average of 5%-33% according to third-party sources.
The cost of full coverage insurance is more dependent on factors like state insurance requirements and the age of the primary driver. In fact, premiums can vary...
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