How Much Is Car Insurance? - CLT Livre

How Much Is Car Insurance?

How Much Is Car Insurance

How much is car insurance in USA per month?

How Much Does Car Insurance Cost? – The average cost of full-coverage insurance is $2,008 per year or $167 per month, while minimum-liability coverage averages $627 per year or $52 per month, However, what you pay for auto insurance coverage varies based on your personal rating factors.

How much is car insurance UK per year?

FAQ – The average cost of car insurance was £511 per year between April and June 2023, representing a 22% rise from Q2 2022. Your premiums may differ however as prices vary dramatically by factors like car make and model, At the end of June 2023, the average cost of car insurance was £511 per year, but prices vary dramatically from person to person depending on your age,

The cheapest car insurance can be found for barely £100 a year, but the cheapest policies might offer too little coverage for your needs. Cheap, decent quality comprehensive car insurance generally starts from around £400 per year in the UK, but prices vary dramatically by factors like age and car, The average cost of car insurance per month is around £48 a month in the UK.

This assumes you pay an 22.9% APR on a policy costing £511 per year, which is the average annual cost of car insurance, Car insurance premiums are on the rise again now in 2023—up 22% from Q2 2022 to Q2 2023. If your renewal seems too high, you can compare quotes with our car insurance partner QuoteZone in as little as 2 minutes and get prices from some of the largest UK car insurance companies.

There are many factors affecting the cost of car insurance, including details about you (e.g., your age, driving experience, driving record, occupation and where you live), your car (e.g., value, age, size of engine) and how you use your car (e.g., annual mileage, reason for driving and where your car is stored at night).

The cost of car insurance for young drivers can easily exceed £1,000 a year—significantly higher than for more experienced drivers. New drivers should expect to pay 2X to 3X as much for cover as more experienced drivers. Young drivers in their 20s start off paying from £850 for comprehensive cover for the UK’s most popular car, a used Ford Fiesta.

By 25 years old, this premium will have dropped to around £720, and by the end of their 20s to around £640 for our sample driver. In addition to age, premiums in your local area have a major impact. New drivers over the age of 30 in the UK may need to pay from around £650 a year, depending on other factors like the car they drive.

The cost to cancel car insurance in the UK ranges from £0 to over £100. Generally speaking, telematics policies incur larger cancellation charges due to the cost to the insurer of supplying the black box. Also some “discount” brands charge more to cancel a policy.

Finally, be aware that some companies even charge an admin fee for canceling during the 14-day cooling off period. Ideally, your plan will charge no cancellation fee, at least during the cooling off period, but if that’s not possible then try to pick one that charges less than £50. There are dozens of factors affecting the cost of your car insurance, some of which can be used to save money on your car insurance price.

For example, if you already own a car then make sure you comparison shop, don’t automatically renew without checking the market, pay annually instead of monthly, buy around 3 weeks before the start date, build up your no claims discount and don’t pay for extras like a courtesy car if you don’t need them.

How much is car insurance UK for a new driver?

How much does car insurance cost for new drivers?

Number of years with a driving licence Average annual premiums*
£1,414
1 £1,159
2 £1,056
3 £923

How much does car insurance cost in California?

Cost of Car Insurance in California by Age – Younger drivers have a much higher likelihood of being involved in car accidents, which is why they typically pay higher insurance costs than drivers in other age groups. We found that 16-year-old drivers pay an average of $6,077 per year for full coverage car insurance compared with 30-year-old drivers whose car insurance costs are an average of $2,229 per year,

Age Estimated Monthly Rate Estimated Annual Rate
16 $506 $6,077
17 $475 $5,694
18 $420 $5,041
19 $338 $4,061
21 $274 $3,282
25 $214 $2,568
30 $186 $2,229
40 $178 $2,139
45 $177 $2,129
50 $175 $2,105
55 $173 $2,077
65 $172 $2,058
75 $194 $2,333

How much is car insurance in NY?

Average Car Insurance Cost New York – New York drivers pay an average of $2,088 per year or $274 per month for full coverage car insurance. That’s 3 % higher than the national average of $2,008 per year. These estimates are based on the profile of a 35-year-old driver with a clean driving record and a good credit score.

How much is car insurance in Texas?

How Much Is Car Insurance in Texas? MORE LIKE THIS According to NerdWallet’s analysis, the average cost of full coverage car insurance in Texas is $2,398 per year, or about $200 a month, for a 35-year-old driver with good credit and a clean driving record.

  • Meanwhile, the average cost of minimum coverage is $774 per year, or about $65 a month.
  • But these are just averages.
  • How much you pay for car insurance in Texas ultimately depends on your unique characteristics and driving history, since factors such as age, the insurance company writing the policy and whether you’ve had a recent violation or accident all affect how much you pay for insurance.

» MORE: Read on for NerdWallet’s analysis of how much car insurance costs in Texas based on the following: Average costs can be a good indicator for how much you can expect to pay for car insurance. But don’t let that stop you from shopping for a better price if you’re already paying below average. NerdWallet recommends you quotes from multiple insurers at least once a year to get the best price possible.

  1. And don’t forget to ask about,
  2. How we found the average cost of car insurance in Texas NerdWallet’s editorial team analyzed rates from 20 car insurance companies in Texas to find average rates for several age brackets, driving histories, credit histories and by company.
  3. All driver profiles are analyzed with a 2020 Toyota Camry L.

When looking at average costs by company, driving history and credit, we chose a 35-year-old driver. For minimum coverage, we looked at rates that reflect requirements. That is, $30,000 in bodily injury liability coverage per person, $60,000 in bodily injury liability coverage per accident and $25,000 in property damage liability coverage per accident.

$100,000 bodily injury liability per person. $300,000 bodily injury liability per accident. $50,000 property damage liability per accident. $100,000 uninsured motorist coverage per person. $300,000 uninsured motorist coverage per accident. Collision coverage with a $1,000 deductible. Comprehensive coverage with a $1,000 deductible.

Why you can trust NerdWallet Our writers and editors follow 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 Texas where coverage is offered and data is available.

A combination of coverage types that protects your car in most situations. In Texas, it’s typically defined as having liability, comprehensive and collision insurance.

How much car insurance costs in Texas depends largely on not just how much coverage you buy, but the company you buy it from. Two common kinds of car insurance people buy are full coverage and minimum coverage. Here’s what NerdWallet’s analysis uncovered when we compared companies:

Redpoint County Mutual has the cheapest Texas car insurance for full coverage, at $974 per year, on average. has the cheapest Texas car insurance for minimum coverage, at $396 per year, on average.

But rates can be much more than that. You might pay $3,700 more per year for full coverage car insurance depending on the company you go with. The table below includes average costs for full and minimum coverage in Texas for all 18 companies analyzed.

Average full coverage rate per year Average minimum coverage rate per year
*USAA is only available to military, veterans and their families.

MORE: Age plays a big role in determining how much a driver pays for car insurance in Texas. Typically, the younger you are, the more you’ll pay for car insurance. According to our analysis, the cost of car insurance in Texas drops by more than half from age 20 to age 30.

Average full coverage rate per year Average minimum coverage rate per year

MORE: Your driving history is another important factor in the cost of car insurance in the Lone Star State. According to our analysis, a driver in Texas with a spotless driving record pays about $320 less, on average, for full coverage car insurance than someone with a recent speeding ticket.

Average full coverage rate per year Average minimum coverage rate per year

MORE: Like most states, Texas insurers use a to price rates. These scores use your personal credit information to determine how likely you are to file a claim. Drivers with good credit can expect to pay much less for car insurance in Texas than a driver with poor credit, on average.

Average full coverage rate per year Average minimum coverage rate per year

MORE: While your insurance company, age, driving history and credit score all play a big role in how much car insurance costs in Texas, there are more factors to be aware of. Amount of coverage. While we analyzed Texas rates for minimum and full coverage, your own insurance needs may vary.

  • And the more coverage you need, the more you’ll likely pay.
  • But the peace of mind may be well worth this added cost.
  • Read to learn more. ZIP code.
  • If you live in a big city like Dallas or Austin, expect to pay more for car insurance.
  • That’s because the likelihood of getting into an accident or having your car stolen is higher than if you live in a less populated area.

Your car. The more expensive your car is, the more it’ll cost to insure, since the price for repairs will be higher. You might also pay more if your car has a low safety rating or it’s a prized target among thieves, like certain models of, Your insurance history.

If you’ve had a lapse in coverage (say you took a break from driving or skipped payments), your car insurance company may consider you riskier to insure and charge you higher rates. » MORE: Frequently asked questions How much is full coverage car insurance in Texas? Texas drivers can expect to pay $2,398 per year for full coverage insurance, on average, according to NerdWallet’s rate analysis of a 35-year-old with a clean driving record and good credit.

How much is car insurance in Texas after a speeding ticket? For Texas drivers with a recent speeding ticket, car insurance costs $2,721 per year for full coverage and $872 per year for minimum coverage, on average. How much is car insurance in Texas after a DUI? For Texas drivers with a recent DUI on record, car insurance costs $3,642 per year for full coverage and $1,277 per year for minimum coverage, on average.

  • How much is car insurance in Texas after an accident? For Texas drivers with a recent at-fault accident on record, car insurance costs $4,066 per year for full coverage and $1,406 per year for minimum coverage, on average.
  • How much is car insurance in Texas if I have poor credit? Texas drivers with poor credit can expect to pay around $4,157 per year for full coverage and $1,281 per year for minimum coverage, on average.

How much is full coverage car insurance in Texas? Texas drivers can expect to pay $2,398 per year for full coverage insurance, on average, according to NerdWallet’s rate analysis of a 35-year-old with a clean driving record and good credit. How much is car insurance in Texas after a speeding ticket? For Texas drivers with a recent speeding ticket, car insurance costs $2,721 per year for full coverage and $872 per year for minimum coverage, on average.

How much is car insurance in Texas after a DUI? For Texas drivers with a recent DUI on record, car insurance costs $3,642 per year for full coverage and $1,277 per year for minimum coverage, on average. How much is car insurance in Texas after an accident? For Texas drivers with a recent at-fault accident on record, car insurance costs $4,066 per year for full coverage and $1,406 per year for minimum coverage, on average.

How much is car insurance in Texas if I have poor credit? Texas drivers with poor credit can expect to pay around $4,157 per year for full coverage and $1,281 per year for minimum coverage, on average. You’re following Ryan Brady Visit your page to see all the writers you’re following. new Follow for more nerdy know-how Keep up with your favorite financial topics on NerdWallet. Ryan Brady is a lead writer covering car insurance and life insurance at NerdWallet. For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations.

$100,000 bodily injury liability per person. $300,000 bodily injury liability per accident. $50,000 property damage liability per accident. $100,000 uninsured motorist coverage per person. $300,000 uninsured motorist coverage per accident. Collision coverage with a $1,000 deductible. Comprehensive coverage with a $1,000 deductible.

Minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion. We used a 2020 Toyota Camry L for all drivers and assumed 12,000 annual miles driven. We analyzed rates for drivers 20 to 70 years old in ten-year increments. We used the same assumptions for all other driver profiles, with the following exceptions:

For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in Texas. For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim. For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

These are rates generated through Quadrant Information Services. Your own rates will be different. : How Much Is Car Insurance in Texas?

At what age is car insurance most expensive?

Average Car Insurance Rates By Age – Car insurance rates tend to follow an inverted bell curve. Teen and senior drivers typically pay the highest car insurance prices, while drivers in their 30s and 40s often pay the lowest rates. We built the table below using data supplied to us from Quadrant Information Services.

Age Average Monthly Cost Average Annual Cost
16 $576 $6,912
17 $468 $5,612
18 $413 $4,958
19 $309 $3,708
21 $232 $2,786
25 $168 $2,019
30 $153 $1,831
35 $149 $1,785
40 $146 $1,755
45 $144 $1,730
50 $138 $1,658
55 $134 $1,609
65 $137 $1,648
75 $159 $1,912

Typically, middle-aged drivers between the ages of 30 and 65 find the best car insurance rates on average. As drivers age, they can start to experience problems with vision and cognitive abilities, which are important for driving safety.

How much is average car insurance in London?

Complete regional insurance pricing data –

Region Average premium Annual change (£) Annual change (%) Quaterly change (£) Quarterly change (%)
London – Inner £ 1,257 £375 43% £190 18%
Manchester / Merseyside £ 965 £264 38% £151 19%
London – Outer £ 1,003 £299 42% £158 19%
Midlands – West £ 940 £281 43% £153 19%
Leeds / Sheffield £ 880 £241 38% £135 18%
Northern Ireland £ 821 £227 38% £117 17%
Midlands – East £ 760 £217 40% £120 19%
North West £ 736 £202 38% £112 18%
South Central £ 745 £219 42% £118 19%
Midlands – North £ 708 £195 38% £101 17%
North East £ 672 £182 37% £93 16%
North £ 652 £177 37% £90 16%
Scotland – Central £ 691 £214 45% £118 21%
South East £ 650 £186 40% £98 18%
East £ 650 £187 40% £101 18%
Wales – South £ 613 £162 36% £85 16%
South £ 605 £168 39% £89 17%
West £ 581 £164 39% £85 17%
Scotland – East & NE £ 570 £171 43% £89 18%
Scotland – Highlands & Islands £ 560 £166 42% £87 18%
Wales – Central & North £ 523 £137 35% £68 15%
South West £ 509 £136 37% £75 17%
Scotland – Borders £ 512 £146 40% £84 19%

Drivers under 20 paying more than £2,000 for their car insurance Younger drivers are seeing significant increases to their car insurance prices, with 18- and 19-year-olds seeing some of the highest prices on record. That’s as prices have increased by £951 (65%) and £777 (59%), respectively, in the past 12 months.

That makes the average prices £2,404 and £2,097, respectively. For 17-year-olds, the cost of car insurance is now £2,088, on average – an annual increase of £823 (65%). At the other end of the scale, drivers around retirement age are benefitting from the cheapest insurance costs. For 69-year-olds, the average price is £413.

But that does follow a £101 (32%) annual increase. How does my age change my insurance costs? Find out how age and other factors can determine how much you pay for insurance. Men pay more than women for car insurance The average costs of car insurance for men and women have both increased in the last 12 months. Prices have risen by £198 (40%) for women and by £236 (40%) for men. Male drivers now pay £827, while female drivers pay £690, on average.

Is it cheaper to have 2 cars on insurance UK?

Why choose multi-car insurance? – Firstly, it’s simple to manage. Every car keeps their own renewal date, so if you have a car with its own insurance cover in place already, it might be worth it to see out the policy and then add the vehicle to a multi-car package when its current cover has expired.

  • You can do this with all the other vehicles in the household until they’re all on the same policy.
  • Each car will have its own separate No Claims Discount **,
  • A separate No Claims Discount for each car is important, as it means individual drivers can continue to build on their NCD providing no claims are made and as you don’t share your no claims discount between your cars, you are able to take your discount with you if you choose to switch insurers.

Those who have No Claims Discount may be eligible for a discount on their yearly premiums, even with a multicar policy, and with RAC Car Insurance this can be a premium discount anywhere up to 65%. You can also usually save money with multi-car insurance, with some insurers providing a discount if you include more than one car on your policy.

What is the cheapest car insurance for a 21 year old?

Why Is Car Insurance So High for a 21-Year-Old? – Compared to older drivers, 21-year-olds have less driving experience and are more likely to be involved in accidents. Car insurance companies compensate for these risk factors by charging this age group higher rates.

Age Group Crashes per 100 Million Miles Driven
16–17 1,432
18–19 730
20–24 572
25–29 526
30–39 328
40–49 314
50–59 315
60–69 241
70–79 301
80+ 432

High-risk drivers pay higher rates on average, and young drivers typically fall into this category. You can see below how average costs by age correlate with the crash data above. The cheapest car insurance for 21-year-olds is USAA, which offers average rates of $134 per month, However, USAA is only available to military members, veterans and their immediate families. Geico is the cheapest company available to any 21-year-old driver, with average rates of $154 per month,

Car Insurance Company Average Annual Cost Estimate Average Monthly Cost Estimate
USAA $1,609 $134
Geico $1,844 $154
Auto-Owners Insurance $2,074 $173
Erie Insurance $2,103 $175
Nationwide $2,147 $179
State Farm $2,322 $194
American Family Insurance $2,469 $206
Travelers $2,513 $209
Market Average $2,786 $232
Progressive $2,872 $239
Farmers $3,295 $275
Allstate $3,302 $275

Car insurance estimates are based on full-coverage policies with $50,000 bodily injury per person, $100,000 bodily injury per accident, $50,000 property damage per accident and a $500 deductible for collision coverage and comprehensive coverage.

What is the cheapest car insurance for a 20 year old?

# 1 State Farm – State Farm is our top choice for the best car insurance for 20-year-olds. The company stands out for its generous good student discount, which is up to 25%. Drivers may be eligible for this discount until they turn 25, even after they graduate from college.

State Farm’s Steer Clear ® program is another reason for 20-year-olds to consider the company. It’s an educational app that includes quizzes and driver training modules, and it awards discounts once the program is completed. Steer Clear is available to drivers under the age of 25. Learn more in our, Geico is one of the cheapest car insurance companies for 20-year-olds because of its low average rates and variety of coverage options.

Geico also offers useful discounts like a 15% good student discount and a driver’s educational course discount. Good drivers can also save with Geico’s program, called DriveEasy. This program awards discounts based on your driving habits. It tracks things like hard braking, time of day and distracted driving.

Getting usage-based insurance can be a good way for young drivers to save money, especially if they drive fewer than 12,000 miles per year. Learn more in our, Through our analysis, we’ve seen USAA offer rates about 30% to 40% cheaper than the national average for young drivers. It’s a good idea to get an auto insurance quote from USAA if you qualify.

Twenty-year-olds who are in the military or are veterans can qualify, as well as those who have parents in the military. Beyond low prices, USAA also has a good customer service reputation. The company scored in the J.D. Power 2022 U.S. Auto Claims Satisfaction Study℠, which shows most of its customers have positive claims experiences.

USAA also scored high in every region in the, which took a wider look at customer service. In both studies, USAA outscored every other insurer. Learn more in our, In our rate analysis, we found that Erie Insurance is another cheap provider for young drivers. Its rates are up to 40% cheaper than the national average, which earns it a spot on our list of the best car insurance for 20-year-olds.

Erie Insurance also performs well in J.D. Power studies. It came in second place in the J.D. Power Auto Claims Satisfaction Study, for example. However, you’ll have to live in Washington, D.C., or one of the below to take advantage of Erie’s low rates and good customer service:

Illinois Indiana Kentucky Maryland New York
North Carolina Ohio Pennsylvania Tennessee Virginia
Washington, D.C. West Virginia Wisconsin

Liberty Mutual offers affordable car insurance for young motorists through a few discounts and programs. It has both a good student discount and a student-away-at-school discount. Good students attending college away from home may be able to stack those together.

Liberty Mutual also offers a usage-based insurance program called RightTrack ®, which can help good drivers save up to 30% on car insurance rates. An app or plug-in device tracks mileage, nighttime driving, braking and acceleration. RightTrack also won’t raise your base rate if you aren’t a good driver.

Learn more in our, Twenty-year-olds aren’t teen drivers anymore, but they also aren’t out of the woods when it comes to high car insurance rates. Young adults are statistically more likely to get into accidents than older adults. Drivers see higher car insurance rates well into their 20s because of this, even if they have clean driving records.

  1. You might be the safest 20-year-old driver out there, but the average cost of car insurance for your age group is higher because of the drivers who do get into accidents.
  2. According to the AAA Foundation for Traffic Safety, drivers between the ages of 20 and 24 got into about than drivers between the ages of 30 and 39 in 2014 and 2015.

Below, you can see how the number of crashes changes by age group.

Age Group Crashes per 100 Million Miles Driven
16 – 17 1,432
18 – 19 730
20 – 24 572
25 – 29 526
30 – 39 328
40 – 49 314
50 – 59 315
60 – 69 241
70 – 79 301
80+ 432

Your are based on how likely you are to file a claim, according to your provider. A variety of other factors also affect rates, but age is influential in most states. Below, you can see how average rates by age group relate to crash rates. *Car insurance estimates are based on full-coverage policies with $50,000 bodily injury per person, $100,000 bodily injury per accident, $50,000 property damage per accident and a $500 deductible for collision coverage and comprehensive coverage. Even if you’re 20 years old, there are a number of ways to save money on coverage.

Who normally has the cheapest car insurance?

State Farm, Geico and USAA have the cheapest car insurance for most drivers.

Is car insurance high in LA?

– Full-coverage car insurance in Los Angeles is about 54% more expensive than the national average while minimum-coverage insurance is 31% more expensive than the national average. *Cost data comes from Quadrant Information Services and is accurate at time of publication. : Cheap Car Insurance in Los Angeles: Affordable Rates (2023)

What’s the cheapest car insurance in New York?

Cheapest car insurance in New York for minimum coverage – Like most states, New York requires drivers to carry a certain minimum amount of liability insurance to drive legally. The state also requires uninsured motorist coverage and — because it is a no-fault state — personal injury protection,

Carrier Monthly min coverage premium Annual min coverage premium Savings vs state avg. for min coverage
Preferred Mutual Monthly min coverage premium $74 Annual min coverage premium $889 Savings vs state avg. for min coverage – $482
Geico Monthly min coverage premium $75 Annual min coverage premium $902 Savings vs state avg. for min coverage – $469
Utica National Monthly min coverage premium $78 Annual min coverage premium $935 Savings vs state avg. for min coverage – $436
Progressive Monthly min coverage premium $96 Annual min coverage premium $1,146 Savings vs state avg. for min coverage – $225
Erie Monthly min coverage premium $101 Annual min coverage premium $1,215 Savings vs state avg. for min coverage – $156

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Why is Los Angeles car insurance so expensive?

Location and driving patterns. Population-dense cities have higher premiums than rural areas because city living usually means more accidents, more property crime, and more frequent claims. In California, the most expensive locations for insurance are Los Angeles, Long Beach, and Anaheim.

Why is NYC car insurance so expensive?

The average driver in the U.S. pays $1,424 per year for a full coverage policy with 100/300/100 limits. However, the cost of car insurance in New York is much higher — there, the average driver spends $3,433 annually for coverage. The state is rivaled only by Michigan for the most expensive insurance premiums in the country. The average cost of car insurance in New York is $3,443, more than double the national average of $1,424. New York car insurance rates have increased 14.2% in the last six years and rank only second to Michigan. Compared to other states, New York has more insurance requirements, such as wrongful death coverage, personal injury protection and uninsured motorist coverage. All these contribute to why car insurance in New York is so expensive.

How much is car insurance in CT?

Average Cost of Car Insurance in Connecticut for 2023 Car insurance rates in Connecticut vary based on many factors, such as your driving record, what type of coverage you are looking for, your age, your vehicle and the carrier you choose. can also affect the cost of coverage as drivers are required to carry a in the state.

Average minimum coverage premium in Connecticut Average annual full coverage premium in Connecticut
$620 $1,533

Connecticut is a relatively small state, but average rates may still, Bankrate collected car insurance quotes for five of the state’s largest cities to show you how rates may fluctuate. These premium differences may be the result of a variety of factors, including local crime rates, the cost of repairs in the area and regional weather patterns.

Connecticut city Average annual full coverage premium Percentage change from Connecticut average annual full coverage premium
Danbury $1,565 +1%
New Britain $1,740 +12%
Norwalk $1,557 +2%
Stamford $1,640 +6%
West Hartford $1,577 +2%

ul> Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

$100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes.

Some states prohibit the use of age and gender as insurance rating factors, but not Connecticut. Older drivers generally because they have more experience behind the wheel and lower accident rates. Female drivers also typically pay less for auto insurance than male drivers, as they tend to engage in less risky driving behaviors.

Age Average monthly full coverage premium in Connecticut Average annual full coverage premium in Connecticut
Age 16* $293 $3,514
Age 18 $559 $6,704
Age 20 $383 $4,597
Age 25 $176 $2,110
Age 30 $139 $1,669
Age 40 $131 $1,570
Age 50 $119 $1,426
Age 60 $116 $1,389
Age 70 $135 $1,620

16-year-old calculated on parents’ policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

Age Average monthly full coverage premium in Connecticut Average annual full coverage premium in Connecticut
Age 16* $259 $3,111
Age 18 $449 $5,384
Age 20 $309 $3,712
Age 25 $159 $1,913
Age 30 $134 $1,609
Age 40 $128 $1,536
Age 50 $118 $1,416
Age 60 $115 $1,379
Age 70 $134 $1,611

16-year-old calculated on parents’ policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

Age and gender rates were calculated by evaluating our base profile for males and females with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Young drivers pay some of the highest average rates for auto insurance, but they might save some money if they choose to remain insured on their parents’ policy. Staying on a parents’ policy saves 18-year-old drivers an average of 54 percent. Note that some companies may require young drivers to live in the same house as their parents to remain on their policy.

Age Average annual premium for drivers on their parents’ policy in Connecticut Average annual premium for drivers on their own policy in Connecticut
Age 16 $3,313 N/A*
Age 17 $3,008 N/A*
Age 18 $2,760 $6,044
Age 19 $2,446 $4,533
Age 20 $2,338 $4,154

16- and 17-year-old drivers must be on their parents’ policy. Drivers with tickets and accidents on their record tend to see a premium surcharge, at least for a few years. The amount your insurance will go up following a ticket or accident typically depends on the carrier and the severity of the incident.

Driving incident Average annual full coverage premium in Connecticut Percentage increase from Connecticut average annual full coverage premium
Clean driving record $1,533 N/A
$1,926 26%
$2,310 51%
$2,923 91%

ul> Driving incident rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

The of the vehicle you drive is another contributing factor that could affect your cost of car insurance in Connecticut. A vehicle’s age, repair costs and risk of theft may all be factored in when determining your rates.

To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Average Connecticut car insurance rates are below the national average, but many drivers may still be looking for, Consider the following ways to potentially save on Connecticut auto insurance:

Shop around: Different carriers weigh rating factors differently when calculating rates. One carrier may be cheapest for drivers with low credit, while another may be more affordable for those with luxury vehicles. Comparing individualized quotes may indicate which company offers the lowest rates for your circumstances. Look for relevant discounts: Taking advantage of is one of the easiest ways you might save on your car insurance. Most insurance companies allow you to stack discounts, which could help maximize savings. Discounts vary by company, but common ones include, good student and claims-free. Maintain a clean driving record: As discussed above, your driving record plays a role in your insurance rates. Avoiding accidents and tickets may help bring down your rates, even if you don’t have a perfect record. Choose a carrier with accident forgiveness: Some car insurance companies offer an endorsement, which could save you from a premium surcharge, Raise your deductible: Your vehicle’s is how much you are responsible for paying before your insurance company pays for the remaining balance of the claim. If you have full coverage, you will have a collision deductible and a comprehensive deductible. Adjusting these could bring down your premium, but you may want to consult with a licensed insurance agent to ensure you will be able to pay your higher deductible out of pocket in the event of a claim.

The may not be the same for all drivers. Some drivers may prioritize low rates, while others may want a company that specializes in, If you’re looking for a place to start, you may want to consider getting quotes from Geico, Amica, USAA, State Farm and Nationwide, which we found to offer some of the best car insurance in Connecticut. Based on our analysis, drivers in Connecticut pay an average of $52 per month for minimum coverage car insurance and $128 per month for full coverage. Keep in mind that your actual premium may vary from the average. You may want to consider speaking with a licensed insurance agent to help find coverage that fits your budget. Bankrate’s analysis of the top insurance companies in the state found that the may be available from Geico, Amica, USAA, State Farm and Nationwide. There could be other providers that offer cheap insurance near you, so it may be a good idea to shop around and compare providers before purchasing a policy.

Mandy Sleight has been a licensed insurance agent since 2005. She has three years of experience writing for insurance websites such as Bankrate, MoneyGeek and The Simple Dollar. Mandy writes about auto, homeowners, renters, life insurance, disability and supplemental insurance products. : Average Cost of Car Insurance in Connecticut for 2023

Is New York insurance expensive?

Drivers in New York who purchase full coverage pay an average rate that is 56 percent higher than the national average. Eighteen-year-old drivers on their own insurance policy pay the highest average insurance rates of all the driver profiles we analyzed.

What is the cheapest insurance for a 16-year-old?

Cheapest Car Insurance Companies for 16-Year-Olds – According to our estimates, Erie Insurance is the cheapest regional insurance company for 16-year-olds. It offers average rates of $284 per month or $3,410 per year for 16-year-olds with individual insurance policies.

Car Insurance Company Annual Cost Estimate for 16-Year-old Monthly Cost Estimate for 16-Year-old
Erie Insurance $3,410 $284
$3,533 $294
State Farm $4,146 $345
Geico $4,466 $372
Nationwide $4,567 $381
USAA $4,784 $399
American Family Insurance $4,888 $407
Industry Average $6,912 $576
$7,206 $600
$8,350 $696
$11,174 $931
$12,429 $1,036

Car insurance estimates are based on full-coverage policies with $50,000 bodily injury per person, $100,000 bodily injury per accident, $50,000 property damage per accident and a $500 deductible for collision coverage and comprehensive coverage.

Is car insurance cheaper in AZ?

Frequently Asked Questions – MoneyGeek answered some frequently asked questions to help you better understand why car insurance in Arizona can be expensive. Car insurance rates in Arizona are actually lower than the national average. However, if your, this could be due to personal factors like your age, driving record, credit score and location.

  1. The is $1,284 per year.
  2. GEICO offers the cheapest car insurance in Arizona, with an average annual rate of $366 for minimum coverage and $770 for full coverage.
  3. GEICO also offers the best car insurance in Arizona, with its policies costing an average of $770 yearly.
  4. About Mark Fitzpatrick Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer.

He has been quoted on insurance topics in several publications, including, and, Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.

What is full coverage insurance?

There’s no formal definition for ‘full coverage’ since it’s not a real auto insurance term. But it typically refers to a policy that has liability coverage plus comprehensive and collision.

Is car insurance monthly or yearly in USA?

Most insurance companies let you choose between paying your car insurance premium monthly, every six months, or annually. You could receive an auto insurance discount if you choose to pay the full amount for a six-month or annual policy upfront.

How much is car insurance in Florida per month?

– The average monthly cost of car insurance in Florida is $112 for minimum-liability coverage and $246 for full coverage. Florida car insurance rates are well above the national averages of $53 per month for minimum coverage and $144 per month for a full-coverage policy.