Compare car insurance rates by state
policy is regulated on a state level, and comparing car insurance rates by state can show how drastically state regulations affect the price of car indemnity where you live. We compiled the modal cost of car policy for all 50 states and Washington, D.C., and found the cheapest insurance company for each .
|
State |
Cheapest major insurer |
Average annual rate |
Average monthly rate |
|---|---|---|---|
| Alabama | State Farm | $554 | $46 |
| Alaska | State Farm | $359 | $30 |
| Arizona | State Farm | $653 | $54 |
| Arkansas | Farm Bureau | $361 | $30 |
| California | Geico | $390 | $33 |
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Compare car insurance rates by accident history
On average, indemnity rates increase by 47 % after an at-fault accident. however, not all insurers increase premiums by the like measure .
Drivers insured with Geico see the largest increase in rates after an accident, while State Farm tends to penalize drivers less .
Costs are for a full coverage policy. Sample accident is the fault of the driver, causing $2,000 in property damage.
Rate increase after an accident by state
Where you live besides affects your car policy rate after an accident. Drivers in Pennsylvania are fortunate : Their rates only go up by 17 % after an accident, on average. policy rates in California double over after an accident — the highest increase in the nation .
|
State |
Clean record |
After accident |
Difference |
|---|---|---|---|
| Alabama | $1,739 | $2,644 | 52% |
| Alaska | $1,433 | $1,984 | 38% |
| Arizona | $2,219 | $3,274 | 48% |
| Arkansas | $1,709 | $2,670 | 56% |
| California | $2,019 | $4,139 | 105% |
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Compare car insurance rates by age
Age is a major factor when compare car policy rates. Younger drivers pay relatively more for car insurance than older drivers because indemnity companies consider them to be the riskiest drivers .
Taking three particular ages as an case — 18, 25 and 30 — you can see how indemnity rates change over the course of the average new adult ‘s drive life .
- An 18-year-old driver pays an average of $6,777 per year for full coverage car insurance.
- The same driver at 25 years old pays $2,184 per year for car insurance, a decline of 68%.
- But as drivers reach adulthood, rates tend to level out. The same driver pays $1,922 per year at 30 years old, only 12% less than a 25-year-old but easily the lowest car insurance rate of this group.
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Read more: The 7 Best Car Insurance Companies (2022)
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car indemnity rates broadly decline as you age but then spike again in your late years, as aged drivers pose a higher risk than middle-aged drivers .
Compare car insurance rates by credit score
Drivers with excellent credit pay about one-half as much for car indemnity compared to those with poor people credit .
credit scores can be a key factor in determining your car insurance quotation. policy companies use a proprietary calculation — called a credit-based indemnity score — to rate their customers. Policyholders with good credit scores tend to pay lower car policy premiums, while those with inadequate credit scores tend to pay higher premiums, all else equal .
Annual insurance rates from select insurers for poor and excellent credit ratings
|
Insurer |
Poor credit |
Very good credit |
Difference |
|---|---|---|---|
| Nationwide | $2,698 | $1,772 | -34% |
| Farmers | $3,650 | $2,182 | -40% |
| Allstate | $3,431 | $2,016 | -41% |
| Geico | $2,619 | $1,531 | -42% |
| American Family | $2,707 | $1,481 | -45% |
| Farm Bureau | $2,555 | $1,397 | -45% |
| USAA | $1,958 | $1,011 | -48% |
| Progressive | $3,214 | $1,618 | -50% |
| Travelers | $3,208 | $1,511 | -53% |
| Erie | $2,846 | $1,051 | -63% |
| Auto-Owners | $3,072 | $1,029 | -67% |
| State Farm | $2,859 | $874 | -69% |
State Farm provides the biggest rebate for excellent citation profiles, decreasing its rates by 69 %. On the other hired hand, Nationwide provides the smallest rebate, only decreasing rates by 34 % for drivers with an excellent credit history alternatively of a hapless one .
Some states have outlawed the use of credit rating scores in determining insurance rates. If you live in one of these states, your rates will be the lapp careless of your credit score .