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Car insurance is a necessary expense for all drivers, but the cost can vary greatly depending on factors such as age, location, and the coverage level. In 2023, the average cost of car insurance per month is $134 for coverage limit of 100/300/100 with a $500 deductible for comprehensive and collision coverage.

In this guide, we will learn about different factors that affect car insurance rates. Also, know the average monthly car insurance rates iin different states and for different driver profiles.

Average car insurance cost per month

The coverage level you choose for your car insurance plays a significant role in determining the premiums you’ll pay. In general, the more extensive the coverage, the higher the cost of insurance.

State minimum liability-only coverage being the cheapest option at $40 per month. The most expensive option is the 100/300/100 liability with a $500 deductible for comprehensive and collision coverage, costs $134 per month on average.

The below table provides an overview of the average monthly car insurance costs based on varying coverage levels.

Coverage Level Monthly Premium
State minimum liability only $ 40
50/100/50 Liability Only $ 50
100/300/100 liability with $500 comp/coll deductible $ 134

Average car insurance costs per month by state: The great divide

The average monthly car insurance premiums vary significantly across states. Florida has the highest average monthly premium at $210, while Ohio has the lowest at $83. Insurance premiums can vary significantly from state to state due to factors like population density, traffic congestion, crime rates, and state regulations.

State Monthly Premium
Alaska $ 113
Alabama $ 120
Arkansas $ 118
Arizona $ 124
California $ 176
Colorado $ 150
Connecticut $ 145
Washington D.C. $ 155
Delaware $ 176
Florida $ 210
Georgia $ 130
Hawaii $ 109
Iowa $ 110
Idaho $ 88
Illinois $ 115
Indiana $ 99
Kansas $ 127
Kentucky $ 155
Louisiana $ 207
Massachusetts $ 127
Maryland $ 125
Maine $ 93
Michigan $ 180
Minnesota $ 124
Missouri $ 165
Mississippi $ 125
Montana $ 146
North Carolina $ 110
North Dakota $ 108
Nebraska $ 165
New Hampshire $ 105
New Jersey $ 159
New Mexico $ 126
Nevada $ 164
New York $ 168
Ohio $ 83
Oklahoma $ 141
Oregon $ 101
Pennsylvania $ 105
Rhode Island $ 143
South Carolina $ 158
South Dakota $ 132
Tennessee $ 109
Texas $ 149
Utah $ 118
Virginia $ 102
Vermont $ 92
Washington $ 100
Wisconsin $ 110
West Virginia $ 127
Wyoming $ 138

Average car insurance costs per month by gender: The gender and age equation

Gender can play a role in determining car insurance rates, although its impact varies depending on the insurer and location. Studies have shown that, on average, male drivers are more likely to be involved in accidents, especially in their younger years. As a result, young male drivers may face higher insurance premiums compared to their female counterparts.

Male teenage drivers have the highest premium at $458 per month, while female counterparts pay $404 per month for the same coverage. Know hoe much male and female drivers of different age groups pay for car insurance monthly.

Age group Female Male
16-19 (Teens) $404 $458
20-24 (Young Adults) $203 $225
25-60 (Adults) $134 $135
65-75 (Seniors) $132 $137

Average cost of car insurance per month by age: Navigating the road for drivers of all age

Age is a significant factor in determining car insurance rates because it indicates a driver’s experience and risk level. Generally, drivers under 25 are considered high-risk due to their lack of driving experience. Statistically, young drivers are more likely to be involved in accidents, receive traffic violations, and engage in risky driving behaviors. As a result, car insurance rates for young drivers, particularly teenagers, tend to be much higher than for older, more experienced drivers.

The highest monthly premium is for 16-year-olds, at $591 per month, while the lowest is for drivers aged 60, at $122 per month. However, premiums begin to rise again for drivers aged 65 and above.

Age Monthly Premium
16 $ 591
17 $ 487
18 $ 429
19 $ 324
20 $ 291
21 $ 235
22 $ 215
23 $ 197
24 $ 185
25 $ 163
30 $ 143
35 $ 138
40 $ 134
45 $ 132
50 $ 127
55 $ 123
60 $ 122
65 $ 127
70 $ 135
75 $ 149

Average monthly car insurance cost for drivers with a DUI: Managing the aftermath

After a DUI conviction, your car insurance rates will likely increase substantially. This is because insurers view drivers with a DUI as high-risk, as they are more likely to be involved in accidents or engage in risky driving behaviors. The exact increase in your premium will depend on your insurer and other factors, but it’s not uncommon for rates to double or even triple following a DUI conviction.

Island insurance company offers the highest car insurance for drivers with a DUI on their record, at about $1,211 a month, on average. Whereas New Jersey Manufacturers has the cheapest car insurance premiums for drivers with a DUI conviction, at $142 per month.

Company Car insurance rate before accident Car insurance rate after DUI/DWI first offense
New Jersey Manufacturers $ 118 $ 142
Palisades $ 112 $ 192
USAA $ 106 $ 209
American Family $ 145 $ 210
Erie $ 111 $ 215
Progressive $ 161 $ 229
State Farm $ 139 $ 242
Mercury $ 174 $ 256
Shelter $ 166 $ 273
Travelers $ 157 $ 273
Auto-Owners $ 138 $ 274
Nationwide $ 127 $ 284
Geico $ 113 $ 298
Farmers $ 228 $ 311
National General $ 240 $ 331
Iowa Farm Bureau $ 235 $ 365
Oklahoma Farm Bureau $ 239 $ 376
Kemper $ 217 $ 383
North Carolina Farm Bureau $ 105 $ 396
Allstate $ 209 $ 420
Auto Club Entreprises $ 193 $ 457
Kentucky Farm Bureau $ 194 $ 457
Chubb $ 212 $ 469
Automobile Club of MI $ 203 $ 550
CSAA $ 251 $ 709
Hartford $ 205 $ 785
Island $ 143 $ 1,211

Average cost of car insurance per month after an accident: Impact of accidents

Accidents also have a direct effect on car insurance premiums. Hartford insurance company has the highest increase in monthly premium after an at-fault property damage accident over $2K, going from $205 to $441.

The below table shows how much insurance companies increase you auto insurance rates after an at-fault accident.

Company group Insurance cost before accident Insurance rates after 1 at-fault property damage accident over $2K Insurance rates after 1 at-fault property damage accident under $2K Insurance rates after at-fault bodily injury accident
Allstate $ 209 $ 336 $ 328 $ 349
American Family $ 145 $ 177 $ 176 $ 178
Auto Club Entreprises $ 193 $ 291 $ 291 $ 296
Auto-Owners $ 138 $ 190 $ 189 $ 222
Automobile Club of MI $ 203 $ 290 $ 290 $ 290
Chubb $ 212 $ 294 $ 294 $ 294
CSAA $ 251 $ 346 $ 346 $ 478
Erie $ 111 $ 151 $ 145 $ 153
Farmers $ 228 $ 345 $ 345 $ 354
Geico $ 113 $ 202 $ 201 $ 217
Hartford $ 205 $ 441 $ 441 $ 441
Iowa Farm Bureau $ 235 $ 296 $ 296 $ 296
Island $ 143 $ 190 $ 190 $ 190
Kemper $ 217 $ 356 $ 352 $ 361
Kentucky Farm Bureau $ 194 $ 260 $ 260 $ 260
Mercury $ 174 $ 324 $ 322 $ 316
National General $ 240 $ 325 $ 318 $ 327
Nationwide $ 127 $ 195 $ 191 $ 204
New Jersey Manufacturers $ 118 $ 118 $ 118 $ 118
North Carolina Farm Bureau $ 105 $ 152 $ 140 $ 165
Oklahoma Farm Bureau $ 239 $ 261 $ 261 $ 261
Palisades $ 112 $ 120 $ 120 $ 120
Progressive $ 161 $ 266 $ 264 $ 267
Shelter $ 166 $ 282 $ 282 $ 282
State Farm $ 139 $ 174 $ 173 $ 182
Travelers $ 157 $ 226 $ 226 $ 238
USAA $ 106 $ 156 $ 155 $ 161

How much is car insurance for a new driver per month

For new drivers, the national average monthly premium is $393. Island insurance company offers the lowest premium for a new driver, at $139 per month, while the highest is at The Hanover, at $1,344 per month.

Company group Monthly premium
National Average $393
Island Insurance $139
North Carolina Farm Bureau $173
American National Finance $210
Southern Farm Bureau $267
USAA $276
Geico $278
Erie Insurance $278
New Jersey Manufacturers $285
American Family $292
Western National Mutual $303
Auto-Owners $306
State Farm $311
Nationwide $321
Travelers $331
Iowa Farm Bureau $334
Mapfre Insurance $336
Vermont Mutual $351
Country Financial $370
Safety Insurance $378
National General Insurance $389
Shelter Insurance $423
The Hartford $433
Arbella Insurance $449
Frankenmuth Insurance $449
Palisades $451
Allstate $491
Progressive $497
CSAA Insurance (AAA) $526
Farmers $528
Kentucky Farm Bureau $536
Amica Mutual $548
Kemper Insurance $563
Automobile Club MI (AAA) $565
Chubb Ltd $569
Safeway Insurance $574
Westfield Insurance $582
Oklahoma Farm Bureau $599
Auto Club Enterprises (AAA) $625
Mercury Insurance $682
Sentry Insurance $1,020
The Hanover $1,344

Find your ideal car insurance company for monthly rates

The monthly premium rates vary across insurance companies. American National Finance offers the lowest monthly premium at $71, while Sentry Insurance has the highest at $400 per month. Depending on the coverage level and individual needs, it is essential to shop around and compare rates to find the best option.

Company group Monthly oremium
American National Finance $ 71
Palisades $ 89
Mapfre Insurance $ 91
Vermont Mutual $ 98
Nationwide $ 99
USAA $ 99
North Carolina Farm Bureau $ 102
Safety Insurance $ 102
Erie Insurance $ 104
Geico $ 106
New Jersey Manufacturers $ 107
Amica Mutual $ 112
Frankenmuth Insurance $ 112
American Family $ 113
Auto-Owners $ 117
State Farm $ 120
Southern Farm Bureau $ 123
Travelers $ 124
Western National Mutual $ 126
Island Insurance $ 139
Arbella Insurance $ 141
Progressive $ 141
Westfield Insurance $ 150
Shelter Insurance $ 153
Auto Club Enterprises (AAA) $ 163
Farmers $ 165
Country Financial $ 168
Allstate $ 174
Mercury Insurance $ 181
Kentucky Farm Bureau $ 184
The Hartford $ 195
Iowa Farm Bureau $ 197
National General Insurance $ 200
Kemper Insurance $ 202
Automobile Club MI (AAA) $ 204
CSAA Insurance (AAA) $ 204
Chubb Ltd $ 207
Oklahoma Farm Bureau $ 220
Safeway Insurance $ 234
The Hanover $ 363
Sentry Insurance $ 400

Final thoughts

As your life changes, so do your insurance needs. Review your car insurance policy annually and adjust your coverage limits or deductibles if necessary. For example, if you’ve paid off your car loan, you may no longer be required to carry comprehensive and collision coverage. Additionally, check for any new discounts you may now be eligible for, such as a good student discount or a multi-policy discount if you’ve recently purchased a home or added another vehicle to your household.

Frequently asked questions

How do I calculate my monthly car insurance?

To calculate your monthly car insurance, get quotes from multiple insurance companies and divide the annual premium by 12.

Is car insurance paid monthly or yearly?

Car insurance can be paid monthly or yearly, depending on the payment options available to you through your insurer.

Methodology

CompuQuote commissioned Quadrant Information Institute to gather the data for average car insurance rates per month. The data is based on the profile of a 40-year-old male driving a 2021 Honda Accord, carrying full coverage car insurance, and having a good insurance score and driving record. To analyze the data we compared 50,00,736 insurance quotes of 27 company groups across different ZIP codes.