Compare car insurance rates by state
indemnity is regulated on a state flush, and comparing car policy rates by state can show how drastically state regulations affect the monetary value of car policy where you live. We compiled the average cost of car indemnity 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, insurance rates increase by 47 % after an at-fault accident. however, not all insurers increase premiums by the same sum .
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 after an accident — the highest increase in the state .
|
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 indemnity rates. Younger drivers pay relatively more for car policy than older drivers because indemnity companies consider them to be the riskiest drivers .
Taking three specific ages as an exercise — 18, 25 and 30 — you can see how policy rates change over the path of the average young adult ‘s force biography .
- 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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car policy rates generally decline as you age but then spike again in your by and by years, as senior drivers pose a higher risk than middle-aged drivers .
Compare car insurance rates by credit score
Drivers with excellent credit wage about half as much for car indemnity compared to those with poor credit .
credit scores can be a key factor in determining your car indemnity quotation mark. indemnity 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 indemnity premiums, while those with poor 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 discount for excellent credit profiles, decreasing its rates by 69 %. On the early hand, Nationwide provides the smallest dismiss, alone decreasing rates by 34 % for drivers with an excellent credit history alternatively of a inadequate one .
Some states have outlawed the use of credit scores in determining policy rates. If you live in one of these states, your rates will be the same careless of your credit score .
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