How to Estimate Your Car Insurance: Car Insurance Calculator

How to Estimate Your Car Insurance

You can use our car insurance calculator to estimate your car insurance cost and how much coverage you need.

Use our car insurance calculator to estimate the cost of your personalized insurance policy. Get your estimate with a couple of clicks, all without entering your personal information.

Our tool calculates estimates based on thousands of quotes across all 50 states.

Car Insurance Coverage Calculator

Our car insurance estimator takes the guesswork out of choosing insurance coverage.

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We'll show you the average cost of our recommendation, or the cost of a policy you customize yourself.

First, let’s see what the minimum coverage requirements are in your state.

Get your customized car insurance estimate with a couple of clicks without entering your personal info. Our tool calculates your estimates based on thousands of quotes across all 50 states.

Car Insurance Coverage Calculator

Our tool takes the guesswork out of finding insurance coverages.

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We'll show you the average cost of our recommendation, or the cost of a policy you customize yourself.

First, let’s see what the minimum coverage requirements are in your state.

Car insurance estimates by company

Local companies like Erie and Auto-Owners often have the cheapest car insurance rates, but they are not available in every state. National insurers such as State Farm and Geico are available in all states and tend to offer cheaper-than-average rates.

Estimates are a good starting point, but your actual insurance rates will vary based on factors such as age, driving record, location and the amount of coverage you choose.

insurance rates

Cheapest

Average

Most expensive

Company
Cost per month
Cost per year
USAA logo
USAA$36$432
Farm Bureau logo
Farm Bureau$39$472
Auto-Owners logo
Auto-Owners$40$484
Erie logo
Erie$42$503
State Farm logo
State Farm$44$532

Cheapest

Company
Cost per month
Cost per year
USAA logo
USAA$36$432
Farm Bureau logo
Farm Bureau$39$472
Auto-Owners logo
Auto-Owners$40$484
Erie logo
Erie$42$503
State Farm logo
State Farm$44$532

Average

Company
Cost per month
Cost per year
American Family logo
American Family$53$634
Geico logo
Geico$56$667
Progressive logo
Progressive$74$884
Shelter logo
Shelter$74$885

Most expensive

Company
Cost per month
Cost per year
Allstate logo
Allstate$76$916
Nationwide logo
Nationwide$76$916
Farmers logo
Farmers$80$959
Travelers logo
Travelers$86$1,035

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How to estimate car insurance costs

To estimate the cost of car insurance, you first need to decide what kinds of coverage you need. Aside from your state's minimum requirements, the amount of coverage you should choose depends on your budget, your car’s value and a trade-off between how much you pay in car insurance premiums and the level of protection you want.

Additionally, your car insurance needs might change if you experience a life event such as moving to a new state or paying off a financed vehicle. You should regularly review your auto insurance coverage to determine if you need to increase your coverage limits or if you're paying for unnecessary coverage.

The most expensive insurance protections are bodily injury liability, collision coverage and comprehensive coverage. Before deciding which insurance coverage to add, you should know the approximate cost estimates for each coverage type.

Bodily injury liability

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Bodily injury liability coverage accounts for much of the cost of a policy because it reimburses other drivers for medical costs, lost wages and legal fees resulting from an accident.

It is also required in most states, so you often cannot have a policy without it.

Limit per person
Limit per accident
Average annual premium
$50,000$100,000$458
$100,000$300,000$541
$250,000$500,000$704

Comprehensive and collision

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Comprehensive and collision coverage are included in a full coverage insurance policy.

They are costly because they protect you from the cost of damage to your own car for incidents on and off the road.

Limit per accident
Average annual premium
$1,000 deductible$929
$500 deductible$1,188

Property damage liability

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Property damage liability covers you for financial liability if you are at fault in an accident and cause damage to another person's property.

Each state has its own required coverage limit for property damage liability, ranging from $5,000 to $25,000.

Limit per accident
Average annual premium
$25,000$297
$50,000$314
$100,000$319

Uninsured/underinsured motorist bodily injury coverage

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Uninsured/underinsured motorist bodily injury coverage covers your medical bills if you are in an accident caused by an uninsured or underinsured motorist. It can also cover lost wages and pay for services you can no longer perform yourself, such as cleaning your house or babysitting. There are 20 states that require uninsured/underinsured motorist coverage.

Limit per person
Limit per accident
Average annual premium
$50,000$100,000$116
$100,000$300,000$168
$250,000$500,000$249

Since a full coverage policy costs approximately $1,000 per year, you should evaluate your individual needs and calculate whether the cost of adding extra coverage is worth it based on how much your car is worth.


What factors are used to calculate your car insurance cost?

Insurance companies calculate your car insurance rate based on a number of factors. For instance, age and accident history are used to determine your "riskiness" as a driver. If you are a young person or a driver with an accident history, your auto insurance estimates will be costlier than those of someone older or someone who has a clean driving record.

Factor
How does it impact your insurance rate?
Your ageYounger drivers tend to pay more, especially teens.
Driving historyYou'll likely pay more if you have a recent at-fault accident or driving infraction, like a DUI.
The year, make and model of your carCars that are older, slower and cheaper and have more safety features tend to be cheaper to insure.
Marital status and number of dependentsMarried people often see a slight discount, but you'll pay much more if your teenage son or daughter is on your policy.
Your annual mileagePeople who drive less tend to see lower rates.
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How can you save money on auto insurance?

Inexpensive car insurance rates can be difficult to find if you have a risky driver profile or live in a state with higher coverage requirements. Drivers should consider completing the following steps to receive the most affordable insurance premium possible:

  1. Compare quotes from various companies. The difference between the cheapest and most expensive insurance company can range in the thousands of dollars annually. You should get quote estimates from large insurers like State Farm and Geico in addition to smaller ones like Erie and Farm Bureau.
  2. Look for discounts. Most insurers, especially large companies like Geico or State Farm, have a lengthy list of discounts available. These discounts add up, and you may already qualify for a number of them.
  3. If you live with other drivers, consider a multicar policy. It is cheaper to add another person to your insurance plan than to have two separate policies. You can share a multicar policy with anyone you live with.
  4. Bundle with other insurance you have. Most major insurance companies offer the option of bundling your home or renters insurance with your auto insurance. Opting for a bundle deal can result in a discount on your total premiums.

If your life situation or driving record has changed since you initially received your auto insurance estimate, you should send your updated information to your insurer to see if you qualify for a cheaper quote. Your credit score, marital status and the number of drivers in your household all could affect your insurance rates. Improving your credit score or staying accident-free might help you get a cheaper rate.


Calculate how much auto insurance you need

Minimum coverage requirements vary by state, but most states require:

  • $20,000-$25,000 of bodily injury liability insurance per person
  • $40,000-$50,000 of bodily injury liability insurance per accident
  • $10,000-$20,000 of property damage liability insurance

How much car insurance you need depends first on your state's minimum required coverage.

Some states also require drivers to carry uninsured motorist coverage or personal injury protection (PIP), although this is not the norm. For your baseline estimate, we recommend beginning with your state's minimum required insurance. Then consider adding higher coverage amounts — and possibly additional coverage types — to ensure you have adequate protection.

How much car insurance should you get?

The ideal amount of auto insurance coverage will vary depending on your needs and driving background. For example, you can typically double your liability coverage limits for a few extra dollars a month, if you have room in your budget. And you probably won't need collision and comprehensive coverage if you drive an older car that's not worth much.

Coverage types:

Liability insurance

  • What is it? Liability insurance financially reimburses other drivers who have been involved in an accident where you are at fault.
  • Do you need it? Liability coverage is required in the District of Columbia and every state except New Hampshire.
  • How much should you have? More coverage will result in a higher cost per year; however, state minimums often aren't high enough to cover the average claim.

Comprehensive and collision

  • What is it? Comprehensive coverage pays for damage to your car from a cause besides a crash. Collision coverage pays for damage to your car after a collision with another car or a stationary object, regardless of who's responsible.
  • Do you need it? Drivers with leased or financed vehicles will most likely be required to purchase this coverage. The average driver should consider these coverages if they would have trouble paying to replace their vehicle if it were destroyed.
  • How much should you have? Each of these will pay up to the value of your car, minus your deductible.

Personal injury protection

  • What is it? PIP covers the medical costs and lost wages of drivers and passengers after getting into an accident, regardless of who's at fault.
  • Do you need it? PIP is required in 12 states. We also recommend PIP if your existing health insurance has high copays or deductibles, or if you want reimbursement for lost wages.
  • How much should you have? Your state may require a minimum amount of PIP. Whether you are fulfilling a requirement or you need coverage based on your situation, consider an amount that would adequately cover your needs after a major accident.

Uninsured or underinsured motorist

  • What is it? Uninsured/underinsured motorist coverage pays for financial losses when you’ve been involved in an accident where the person at fault has no insurance or insufficient insurance. It can cover both bodily injury and property damage.
  • Do you need it? Over 20 states require drivers to have some form of uninsured/underinsured motorist coverage. Even if your state doesn’t require it, you should still consider purchasing it — it’s affordable, and 1 in 8 drivers do not have insurance.
  • How much should you have? We recommend limits for these coverages similar to the limits on your bodily injury and property damage coverage.

The average claim for property damage liability was approximately $4,711 in 2020, while the average claim for bodily injury liability was about $20,235, according to a study from the Insurance Services Office. The average collision claim was $3,588, and the average comprehensive claim was $1,995.

Meeting the minimum liability requirements may be enough to cover the costs of a small or average accident. However, it won’t be enough to offset the costs of a major accident, potentially costing you thousands of dollars out of pocket. We highly recommend getting additional coverage to offset this risk, if you can afford it.


Frequently asked questions

How much will my car insurance cost?

The average cost of minimum coverage car insurance in the United States is $785 per year, or $65 per month. However, your rates will vary based on where you live, what kind of car you have and your driving history.

How do I calculate the cost of car insurance?

The best way to calculate the cost of auto insurance is to use our online car insurance calculator (above), which will help you estimate how much you'll pay for car insurance based on your location, car and how much coverage you need.

How much car insurance do I need?

At the very minimum, you need enough car insurance to meet the minimum legal requirements in your state. However, we usually recommend buying additional coverage if you drive a lot, have a newer car or are paying off a car loan or lease.

How much should I spend on auto insurance?

How much you should spend on insurance depends on what coverages you need, where you live and your driving history. The average price of car insurance nationwide is $785 per year for a minimum coverage policy.

What kind of car insurance should I get?

Almost every state requires liability insurance, which pays for bodily injuries to other people and property damage. Many states require personal injury protection as well, which pays for your own injuries in a crash. We also recommend comprehensive and collision coverage if your car is worth more than $5,000 or if you would have trouble replacing it if it was destroyed.

Methodology

We collected hundreds of quotes from across every state, looking at multiple coverage limits to account for drivers with different net worths.

Our car insurance calculator matches a driver's net worth to an estimate of how much liability they need to protect their assets. The higher the net worth, the higher the coverage limits needed.

Rate data was compiled using Quadrant Information Services. Your quotes may be different, as these rates are averages and are best used for comparative purposes only.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.