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Learn how to use a car insurance calculator to estimate how much you can spend for coverage and find affordable rates and the best policy for your needs.
Estimate Car Insurance Cost Calculator
Author: Daniel Robinson Written by: Daniel Robinson Author Daniel is a staff writer for Guides and has written for several automotive news sites and marketing companies in the US, UK and Australia, specializing in the topics of car finance and car care. Daniel is an authority on auto insurance, loans, warranty options, automotive services and more on the Guide team.
The Hirisq Insurance Company Determines Auto
Edited by: Rashawn Michner, Edited by: Rashawn Michner Editor in Chief Rashawn Michner is a Guide staff editor with more than 10 years of experience covering personal finance and insurance topics.
A car insurance calculator can help you plan for a change in car coverage and see how much different vehicles or types of coverage might cost. There are many suppliers to choose from and they can offer very different prices.
We in the guide team will look at how car insurance calculators work and how you can use them to find the best rates for your situation. You’ll also find our top supplier recommendations, as well as average rates from the cheapest suppliers based on different driver profiles.
Cheapest Car Insurance Top 10 US Car Insurance Companies Best Car Insurance Companies Average Cost of Car Insurance
Cheap Car Insurance: Get A Car Insurance Quote
The Guide team is committed to providing reliable information to help you make the best decision about your vehicle insurance. Because consumers trust us to provide objective and accurate information, we’ve created a comprehensive rating system to compile our rankings of the best car insurance companies. We collect data from dozens of auto insurance companies to rank companies on a wide range of ranking factors. After 800 hours of research, the end result was an overall rating for each provider, with insurers with the highest scores at the top of the list.
A car insurance calculator helps you estimate how much you will pay for car insurance based on your situation. Different calculators may take different factors into account, but the most important factors are your location, age, driving history and vehicle.
Using a car insurance calculator will not get you accurate quotes from every provider. However, you can use it to decide which type of car to buy if you’re torn between different models. You can also compare estimates for different types of car insurance coverage, such as full coverage versus minimum coverage.
Depending on the calculator you use, you may not need to enter all of this information. Some calculators only need your location to provide an average rate, while others take into account your vehicle and driving history.
Car Insurance Calculator| Compare Car Insurance
While a car insurance calculator can give you an estimate of your premium, a quote will show you a specific company’s potential rate. A quote takes into account many other factors and can show you what car insurance discounts you qualify for.
You can get quotes online from car insurers and comparison sites or by contacting an agent or broker. To get a more accurate quote, you will need to provide more detailed information.
What an average good driver pays per year in your state: Estimates are based on calculator information. This is an estimate, not an official quote.
The calculators used on this site are provided for educational purposes only. Data will not be collected or stored. The results are estimates based on the information you provide and may not reflect the actual value of your quote.
Commercial Auto Insurance Cost
Car insurance prices depend on the company, your experience and the type of vehicle and coverage you want. You will need to get individual quotes to know the exact amount to pay for car insurance.
Below, we’ve highlighted some of the most popular car insurance companies and their average annual rates for different types of drivers. Overall, Nationwide, USAA, Geico, and State Farm are some of the most affordable companies for full coverage insurance.
People with clean driving records pay the lowest car insurance rates. The national average for good drivers for a full coverage policy is $2,008 per year, or $167 per month. Nationwide generally offers the cheapest premiums for good drivers, with an average rate of $1,433 per year or $119 per month. These averages are based on a 35-year-old married man with a good driving record and good credit.
Car insurers typically charge higher rates to drivers with lower credit scores in states where such practices are legal. (California, Hawaii, Massachusetts and Michigan prohibit insurers from using credit scores to calculate rates.) The average national rate for drivers with bad credit is $3,829 per year, or $319 per month. Nationwide offers the cheapest coverage for drivers with bad credit, with an average rate of $2,072 per year or $173 per month.
Calculate How Much Car You Can Afford Per Month
Young drivers, especially teenagers, often pay much higher rates for car insurance. The average national rate for a 16-year-old with their own policy is $7,581 per year. Our rate averages show that, on average, 18-year-olds pay $4,958 per year and 21-year-olds pay $2,786 per year for full coverage. USAA generally offers the cheapest car insurance for young drivers, although State Farm, Geico and Nationwide are also affordable options.
Having an accident on your driving record can increase your rate. The average national rate for a 35-year-old male driver with a recent car accident is $2,919 per year, or $243 per month. State Farm offers the cheapest rates, averaging $1,953 per year or $163 per month.
Getting a DUI can result in much higher insurance premiums. The national average rate for a 35-year-old male driver with a DUI is about $3,431 per year, or $286 per month. People with a DUI on record can often find the lowest rates through State Farm, with an average rate of $2,194 per year, or $183 per month for these drivers.
Since car insurance exists to pay for damages that you may be involved in or suffer in an accident, companies determine the risk of filing a claim based on several factors. These include:
Car Insurance Rates By Age And Gender
Think of a car insurance estimate as a snapshot in time. Prices may change at any time due to changes in your driving profile, company prices and state regulations. Here are some ways to find lower prices.
Finding the right discounts can save you a lot of money. For example, State Farm has a good student discount of up to 25%, which is a bigger student discount than any other major supplier offers.
Similarly, you can look for a new car discount if you just bought a vehicle or a package discount if you want to add home insurance. Many car insurance companies also offer discounts for good driving, such as avoiding accidents or traffic violations.
If you can cover a higher deductible, you may be able to lower your insurance rate. Many people choose a $500 deductible, but in some cases the deductible can be as high as $2,500.
Car Insurance Quotes — Save On Auto Insurance
By paying off your debts, maintaining a low credit utilization ratio, and making payments on time, you can improve your credit. This will help you find cheaper car insurance coverage (except in California, Hawaii, Massachusetts and Michigan, where credit scores cannot be used to determine car insurance rates).
Depending on your coverage needs, you may be able to save money by lowering your limits. For example, you may choose a limit of $50,000 instead of $100,000 for bodily injury liability. Your provider will make sure your policy meets your state’s minimum insurance requirements, but you should make sure you feel comfortable with your coverage in the event of an accident.
The cost of car insurance can vary greatly between providers. Use a car insurance calculator or compare quotes from providers to get a clear idea of costs. Be sure to compare similar coverage types and amounts between each provider.
It is always wise to drive safely. Avoiding mishaps and accidents helps you get the best rates available.
How Much Is Car Insurance?
A car insurance calculator provides a general estimate, while a company quote provides a more accurate price. Most companies allow you to purchase insurance and begin coverage based on that rate. However, there are situations where this rate may change after the first premium is paid.
States allow car insurance companies to conduct background checks and revise rates or cancel your policy within a certain time frame. This is called the subscription period and lasts from 30 to 90 days depending on the state.
Let’s say your 17-year-old son lives at home but drives his own car. You didn’t include it in your car insurance quote. The underwriter may raise your rate if they find out. In some cases, your car insurance policy may be cancelled