Compare Auto Insurance Quotes (from $30/mo) | ValuePenguin

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 .
Heatmap of U.S. auto insurance rates by state

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 .
Barchart of average annual insurance rates for five major insurers before and after an accident

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.

Age 18 Age 19 Age 20 Age 21 Age 22 Age 23 Age 24 Age 25
Graph showing cheapest rates for 18 year old drivers by insurer
Age 18

Age 19
Graph showing cheapest rates for 19 year old drivers by insurer
Age 20
Graph showing cheapest rates for 20 year old drivers by insurer
Age 21
Graph showing cheapest rates for 21 year old drivers by insurer
Age 22
Graph showing cheapest rates for 22 year old drivers by insurer
Age 23
Graph showing cheapest rates for 23 year old drivers by insurer
Age 24
Graph showing cheapest rates for 24 year old drivers by insurer
Age 25
Graph showing cheapest rates for 25 year old drivers by insurer
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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