Average Cost of Car Insurance in the U.S. for 2022
The average cost of full-coverage car insurance is $1,652 per year based on rates for 30-45-year-old drivers. That means drivers pay an average of $137 per month for a car insurance policy with comprehensive and collision coverage.
How much you’ll pay for car insurance will depend on your age, driving history, the amount of coverage you buy, and more. Let’s break down how each of these factors can affect your final cost of car insurance.
How much is car insurance?
The average cost of car insurance in the U.S. is around $1,652 per year (or about $137 per month), based on rates for 30-45-year-old drivers, according to a 2022 analysis of car insurance rates by Policygenius.
But car insurance rates are different for every driver. Your costs will be personal, since premiums are based on things like your:
ZIP code
Driving record
Age
Marital status
Credit score
Vehicle
Insurance history
Your coverage limits
We’ve compiled costs by different factors so you can understand how much auto insurance really costs (and compare car insurance rates based on your needs).
What Is the Average Cost of Car Insurance?
In the United States, the average cost of car insurance is $1,553. However, that may not reflect what you actually pay for car insurance. Every auto insurance company evaluates a number of factors to determine car insurance rates. These include your age, location, type of vehicle, driving history, and credit score. And each insurance company weighs those factors differently. According to our data, USAA has the lowest average rates, but its insurance products are only available to active and former members of the military and their families. For most consumers, GEICO has the second lowest average car insurance rates, while Allstate has the highest average car insurance rates.
How much is car insurance?
As previously stated, the average cost of car insurance is $1,630 per year, according to our 2022 rates analysis. But that's just for a good driver with good credit — rates vary widely depending on your history, as well as the level of coverage you select.
National average car insurance rates for policies with full coverage are:
$1,630 for a good driver with good credit.
$2,792 for a good driver with poor credit.
$2,462 for a driver with an at-fault accident and good credit
$3,139 for a driver with a recent DUI and good credit.
For minimum required coverage, national average car insurance rates are:
$561 for a good driver with good credit.
$973 for a good driver with poor credit.
$862 for a driver with an at-fault accident and good credit.
$1,134 for a driver with a recent DUI and good credit.
As you can see, average rates for full coverage insurance are generally more than twice as high as minimum coverage, according to our analysis.
But averages don’t say much about your own car insurance rates. A number of personal factors, both within and outside of your control, inch rates up or down until your price is totally personalized.
And since NerdWallet can’t anticipate which factors apply to you, we used a specific driver profile throughout this article, unless stated otherwise:
35 years old.
Good driver: Defined as a person with a clean driving record, meaning no accidents, DUIs or other traffic violations.
Good credit: Drivers with a “good credit” rating. Insurers use a credit-based insurance score, which is similar to your regular credit score to calculate rates in most states. Although they aren’t the same, your credit score can be a good indicator of your credit-based insurance score.
Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing. Read our methodology.
Average Cost of Car Insurance in Your State?
Car insurance rates fluctuate due to several factors, including where you live. Florida has the most expensive rates with average annual rates of $2,393, while New Hampshire has the least expensive rates with average annual rates of $940. The table below includes the average car insurance cost for each state in the nation and the District of Columbia. Keep in mind that these rates provide a general idea of what you can expect but may not reflect what you actually pay for your own car insurance policy.
