Compare car insurance rates
The Comparison rates is crucial if you want to save money on a car insurance. Here’s why: Insurance companies look at similar factors, but each insurer has its own “secret sauce” when setting rates. That’s why two companies can charge different prices for the exact driver.
Compare car insurance rates
Each insurance company evaluates personal factors and keeps its methods as hidden as possible – so we can not tell you which company emphasizes location or clean driving record the most. But to help you move forward, we can show you the average annual rates for full and minimum full coverage auto insurance. To help narrow it down, we’ve shared average rates for drivers with different driving and credit histories in each state and each major auto insurance company. Although it is one of the largest insurance companies in the country, Liberty Mutual was not included in our pricing analysis due to a lack of publicly available information.
Compare car insurance rates by age.
When calculating your car insurance rate, carriers’ driving record isn’t the only factor carriers consider. In addition, your age can have a significant impact on what you pay. For example, you probably know that teen drivers have some of the highest average car insurance rates, but they aren’t the only ones. Drivers aged 75 and over have higher car insurance rates than most beyond their teens and 20s.
To get more information, we compiled average annual rates from nine of the ten largest private passenger car insurers in the country based on market share data from the National Association of Insurance Commissioners.
20-year-old drivers typically have higher car insurance rates because, as a group, they have more accidents on average than older drivers.
Prices vary from company to company. For example, a full coverage from Geico for a 20-year-old costs an average of $2,304 per year, while the average price from the Allstate is $3,706.
You can compare the annual rates for 20-year-olds by company and country. Prices are averaged across the country separately for complete coverage and minimums.
Compare minimum and total coverage rates for 35-year-olds
Drivers under the age of 35 see far lower prices than those under the age of 20. Since this age group has fewer accidents than younger drivers, they can usually have lower rates. Aside from the USAA, which is only available to the military, veterans, and their families, Geico offers the lowest price for full coverage for 35-year-olds at an average of $1,233.
Allstate comes in high at $1,994 on average
Compare average annual national auto insurance rates for 35-year-olds by company and state below. Remember that not all of these companies are available in every state.
While average auto insurance rates fluctuate by state, 35-year-olds in many forms, including Idaho, Maine, Ohio, and Vermont, can pay as little as $1,100 per year, on average, for whole coverage policies. On average, similar drivers in other states can pay as little as $2,500 per year for full coverage. Only two states have rates above $2,500 per year for 35-year-old drivers with full car insurance coverage: Florida and Louisiana.
The compare car insurance rates for drivers with poor credit
Your credit history is one of the most significant factors affecting the car insurance quote in all the states except California, Hawaii, Massachusetts, and Michigan. The carriers use your credit history to determine how likely you are to make a claim.
While rates can double in some cases, it is essential to note that each company considers credit quite differently, and even among insurance companies, this factor fluctuates by state. For example, in our analysis, drivers with poor credit insured by Nationwide could pay an average of 33% more — an extra $439 per year compared to similar drivers with good credit. Meanwhile, the average State Farm rate for full coverage for drivers with poor credit more than doubles for drivers with good credit.
Some states prohibit the use of credit in setting rates, and the way insurers treat credit varies from state to state. For example, regulators in one state may allow more wiggle room for credit-based pricing than others, resulting in differences by state.
Analysis found that:
- In the North Carolina, a driver with poor credit can pay about 36% more than a driver with good credit.
- Poor credit in Missouri, Delaware, New Jersey, Arizona, Arkansas, and Idaho raises the average insurance rate by about 70% compared to drivers with good credit.
- The average rates for poor credit drivers in Wisconsin were 158% more than those for good credit drivers.