November 11, 2021

Car Insurance Cost Calculator 

Car Insurance Calculator

What is the Average Cost of Car Insurance?

When shopping for car insurance, it pays to use a car insurance price calculator to get a rough idea of how much it will cost.

Our average cost of car insurance calculator is a great place to start, but it also helps to understand the factors affecting car insurance rates.

As helpful as a car insurance calculator without personal information can be, it should only be a starting point.

The estimate provided by our car insurance coverage calculator should put you in the right ballpark.

Still, you can refine it through adjustments for factors like age, location, driving history, credit score, and insurance provider.

So, if you’re wondering how can I find out how much my car insurance will be, using our car insurance calculator and adjusting for various factors is the best way to go.

What is the Average Cost of Car Insurance?

According to a report by NerdWallet, the national average for car insurance in 2021 is $1,592 per year, which translates to approximately $133 per month.

However, that reflects coverage for a good driver with good credit, and your actual rate could vary significantly.

How much will my car insurance be calculator will provide an estimate based on an average driver. As evidenced below, average annual rates can vary widely based on factors like driving record and credit history.

For example, after one at-fault wreck, the average premium jumps to $2,439 per year. Even if you have a good driving record, a bad credit score increases the average annual premium to $2,812.

After a DUI, the average driver pays $3,114 per year for car insurance. When using a car insurance cost calculator, then, it helps to adjust whatever estimate you get according to factors that apply to you.

Below, you’ll find information regarding insurance rates by car and age, insurance rates by car model, and average rates by an insurance provider. Use this information to get a better idea of how much is full coverage car insurance a month for you personally.

Top Factors Affecting Car Insurance Rates

After obtaining an estimate through an average cost of car insurance calculator, go down the following list to determine whether your rate will be higher, lower, or roughly the same. It’s one of the best ways to predict how much is car insurance per year accurately.

1. Insurance Provider or carrier

Every insurance company has a unique formula that it uses to determine car insurance rates. Typically, insurance providers assess dozens of factors; they also weigh various factors differently.

Therefore, rates can vary widely from one company to the next.

For example, one company might charge 15% more for bad credit while another might charge 40% more.

Discounts vary too, so you might qualify for a 20% discount with one, and only a 10% discount with another.

The car insurance cost calculator doesn’t reflect this, of course, which is why it’s essential to get quotes from several carriers.

The average cost for full coverage auto insurance through Allstate is $2,381 per year. At the other end of the scale, the average annual cost of full coverage through Geico is $1,268.

2. Location Of Vehicle or Garaging Address

Insurance coverage is required by law in all but two states, and state-mandated coverage requirements vary. When calculating how much is car insurance per year, it helps to understand where your state falls on the spectrum.

Average car insurance rates in the most expensive states are more than double those in the cheapest states.

At $2,762 per year, Louisiana is the most expensive state for full coverage auto insurance. It is followed closely by Michigan and Kentucky.

You’re apt to pay far less in other states. In Maine, the cheapest state for full coverage, the average premium is $963 per year. Ohio and Idaho also have among the cheapest car insurance rates in the country.

3. Credit History of Primary Policy Owner

As you can probably surmise, our how much will my car insurance be calculator doesn’t consider credit history.

Your credit score can have a massive impact on how much you’ll pay, though, so it’s important to account for it.

If you live in Michigan, Massachusetts, Hawaii, or California, you’re in luck – using credit scores to determine auto insurance rates is banned by law in those states. In most other states, though, your score will likely have a major impact.

Consider this: On average, car insurance rates are 75% higher for drivers with bad credit versus those with good credit.

The average good driver with bad credit pays $2,812 per year for full coverage.

Average rates for drivers with bad credit are more than double for those with good credit in New York, New Jersey, Arizona, Connecticut, Montana, Utah, and South Carolina.

4. Driving Record of Each Driver on Policy

When using our car insurance calculator without personal information, it’s crucial to be realistic about your driving record and how it may impact your rates.

A single at-fault accident can increase your insurance rate by around 50% on average.
The impact of an at-fault accident on insurance rates varies from state to state. Regardless of where you live, you can expect your rate to increase by 30% to 60% after filing an accident claim.

In California, rates increase by about 70% after an accident, meaning that you’ll fork over an extra $1,050 per year on average.

5. What Kind of Vehicle Type

Insurance rates are also influenced by the type of car that’s being insured.

Insurance rates by car model vary significantly, so it’s wise to keep this in mind when buying a new vehicle.

You will pay more for car insurance if you drive one of the following types of vehicles:

  • luxury cars
  • sports cars
  • electric vehicles
  • cars that are commonly stolen

After using our car insurance coverage calculator, do some research to determine where your car falls on the spectrum.

The average cost to insure a Subaru Outback is $1,392 per year while the average cost to insure a Tesla Model 3 is $2,215, so the difference in what you pay can be significant.

Vehicle age often plays a factor too, so it is smart to investigate auto insurance rates by car and age too.

6. Age Of The Drivers in Home

If you’re under 25 and wondering how much is full coverage car insurance a month, we have some bad news: As a young driver, you’re going to pay a lot more for coverage.

On average, a 20-year-old driver pays $1,700 more per year for full coverage than a 40-year-old driver.

Fortunately, by the time a driver hits 25, their rate is only about $300 higher per year.

Most car insurance companies define a “young driver” as one who is between 16 and 25 years of age.

However, some carriers define it as anyone below the age of 30.

The average cost to insure a 20-year-old driver through Geico is around $2,650 per year while Allstate charges an average of $4,405 per year.

Therefore, it helps to investigate which companies offer better rates for young drivers.

7. Has Anyone Had A DUI or DWI

Having a DUI on your record will cost you dearly on many levels, and you’ll be hit especially hard with a skyrocketing insurance rate.

On average, auto insurance premiums increase by 87% after a DUI. Across the U.S., you’ll pay an extra $500 per year. In California and Michigan, drivers with DUIs pay an extra $3,000 or more per year for coverage.

Other Factors Influencing Auto Insurance Rates

In addition to the biggies above, many other things can impact how much you’ll pay for car insurance.

You may be wondering, is it better to pay car insurance monthly or every 6 months, and that’s a valid consideration because some carriers offer discounts for paying “upfront.”

Other factors that may impact your insurance rate include the following: occupation; whether you’ve had any lapses in coverage; whether you’ve had high-risk insurance in the past; annual mileage; education level; marital status; discounts and even whom you live with, including roommates and non-driving adult household members.

Tips for Getting Affordable Car Insurance

When searching for affordable auto insurance, start by using our convenient car insurance calculator.

Next, adjust the resulting estimate according to the factors highlighted above. From there, request quotes from at least five insurance providers.

With your estimate in hand, you’ll be able to rule out companies that are quoting rates far above it.

From there, dig deeper into each prospective provider. Ask each one is it better to pay for car insurance monthly or every 6 months and find out which discounts apply to you.

If you’re a young driver, ask how much your rate will drop after you reach 25 or 30.


If you’re wondering how can I find out how much my car insurance will be, you’re probably buying a new car or relocating. However, it pays to shop around for better rates every year or so.

You should also get quotes any time your life situation changes, including getting married, moving, or getting a new job or car.

Return to our how much does car insurance cost calculator regularly for updated information.

Get quotes now to kick-start your search for affordable car insurance.

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John Espenschied is a long-time veteran of the insurance industry. He's worked with thousands of clients over the years, helping to protect their personal and business needs. John's goal is to provide the best advice possible to assist customers in saving money while protecting their property and securing their financial future.
He truly enjoys helping others and takes great satisfaction in providing top-notch customer service. When he's not working, John has fun spending time with his family, golfing, bike riding, and blogging on insurance topics.