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Your auto insurance should be around $720 per year for minimum coverage or around $1,992 per year for full coverage. Keep in mind that these are average costs, and your individual rate will depend on factors like your age, insurance company, and driving history.
Average Car Insurance Premium by Age
- 16 years old: $3,341
- 25 years old: $862
- 45 years old: $716
- 65 years old: $734
You might be paying more than you should for car insurance, and it could be because of the company you have chosen for coverage. It is always important to compare prices from multiple insurance companies to ensure that you aren’t overpaying.
Average Car Insurance Premium by Company
| Company | Annual Cost for Minimum Coverage | Annual Cost for Full Coverage |
| $506 | $1,675 | |
| $576 | $2,125 | |
| $633 | $2,002 | |
| $649 | $2,021 | |
| $691 | $2,391 | |
| $879 | $2,758 | |
| $919 | $2,617 | |
| $954 | $2,324 | |
| $1,005 | $2,987 | |
| $1,073 | $2,912 |
Average annual premiums reflect quotes for a 45-year-old driver with a clean driving record.
You can expect to pay more for car insurance if you are a teenager or have had a moving violation. These factors both increase the risk of insuring you, and your insurer will charge a higher premium to cover that risk.
Finally, it’s worth noting that the amount of coverage you should have depends on your state’s minimum requirements as well as your personal finances. In general, you need at least the minimum coverage required by your state, and you should get as much extra coverage as you can afford.
To learn more, check out WalletHub’s guide to the average cost of car insurance.
People also ask
How much is car insurance monthly?
Car insurance costs $60 per month, on average, for a minimum coverage policy, although individual rates might vary. Full coverage car insurance is more expensive because it also pays to repair or replace your car after it is damaged by a crash or something other than an accident, like vandalism.
Average Price of Car Insurance per Month
| Driver’s Age | Average Monthly Premium |
| ... | $278 |
How much is car insurance for a beginner?
Car insurance for a beginner is about $1,850 per year on average for minimum coverage, with exact rates varying by age, location, and insurer. Most car insurance companies will classify you as a beginner until you have at least three years of driving experience.
Cheapest Car Insurance Companies for Beginners
| Company | Average Annual Cost | User Rating on WalletHub |
| ... | $1,313 | 2.1 |
How much is car insurance for a 30-year-old?
Car insurance for a 30-year-old costs between $692 per year and $671 per year, on average. Thirty-year-old drivers typically have lower car insurance rates than younger drivers because their years of driving experience make them less risky for insurers to cover.
The exact cost of car insurance for a 30-year-old depends on a few factors, including their driving record, gender, location, vehicle, and car insurance company. Some of the cheapest insurance companies for 30-year-old drivers are...
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