How to Estimate Your Car Insurance Costs with Our Coverage Calculator

How to Estimate Your Car Insurance

Each state sets requirements for the amount of car insurance you need. But beyond that, the amount of coverage you should actually choose also depends on your budget, your car’s value and a trade-off between how much to pay in car insurance premiums and the level of protection you prefer to have.

You can receive a ballpark estimate of how much your car insurance would be through our calculator below, without entering your personal information. If you want an in-depth explanation of how auto insurance quotes are calculated, continue reading.

Your car insurance needs might change if you experience a life event. Perhaps you've moved to a new state or you've finished paying off a financed vehicle. You should regularly review your auto insurance coverage to determine if you need to increase your policy or if you're paying for unnecessary coverage.

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.

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Use our tool to get a rough estimate of the cost of car insurance in your state based on averages of thousands of quotes.

Car Insurance Coverage Calculator

Our tool takes the guesswork out of finding insurance coverages.

Image

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.

Your car insurance needs might change if you experience a life event, such as a move, or if you finish paying off a financed vehicle. You should regularly review your auto insurance coverage to determine if you need to increase your policy or if you're paying for unnecessary coverage.

How to estimate car insurance costs

Each state requires drivers to carry a certain level of coverage before legally operating a car on the road. While car insurance requirements vary state by state, the most commonly required coverages are bodily injury liability, property damage liability, uninsured/underinsured bodily injury liability and personal injury protection (PIP).

The most expensive insurance protections are bodily injury liability, comprehensive coverage and collision coverage. Bodily injury liability coverage is expensive because it reimburses other drivers for medical costs, lost wages and legal fees that result from an accident. Comprehensive and collision coverage, which are included in a full coverage insurance policy, are costly because they protect you from the cost of damage to your own car for incidents on and off the road.

Before deciding which insurance protections to add, you should know the approximate costs. Here are the average annual costs of common coverages broken down by their limits or deductibles:

CoverageLimit/deductible per personLimit/deductible per accidentAverage annual premium
Bodily injury liability$50,000$100,000$458
$100,000$300,000$541
$250,000$500,000$704
Property damage liability$25,000$297
$50,000$314
$100,000$319
Comprehensive/collision coverage$1,000 deductible$929
$500 deductible$1,188
Uninsured/underinsured motorist bodily injury coverage$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 use our calculator to see if adding it is worthwhile.

How much auto insurance do you need?

How much car insurance you need depends on your state's minimum required coverage. You can check your state’s auto insurance requirement using the calculator above.

Minimum coverage requirements vary by state, but most jurisdictions 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

Some states also require drivers to carry uninsured motorist coverage or personal injury protection insurance, although this is not the norm. For your baseline estimate, we recommend beginning with your state's minimum required insurance. Then evaluate your needs and 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. You can use the calculator to get a rough estimate of how much your expected payment might be for car insurance. It does not require personal information to use.

Below is a quick summary explaining the purpose of each coverage type and our recommendations:

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 D.C. and every state except New Hampshire.
  • How much should you have? Having more protection against a bad accident will result in a higher premium cost per year. Use our calculator to see how much more you’ll be paying.

Comprehensive and collision insurance

  • What is it? Comprehensive coverage, also known as coverage against “acts of God,” financially protects your car from damages caused by events out of your control. Collision coverage, on the other hand, financially protects you from damages caused by driving into another car or a stationary object.
  • Do you need it? Drivers with leased or financed vehicles will most likely be required to purchase this coverage. The average driver should consider obtaining these coverages if their vehicle is new or worth more than $3,000.
  • How much should you have? These coverages do not have limits.
  • Learn more

Personal injury protection

  • What is it? PIP covers the medical costs of getting into an accident, regardless of who is at fault. It also reimburses drivers and their passengers for lost wages resulting from an accident.
  • Do you need it? PIP is required in 12 states.
  • How much should you have? We recommend PIP if your existing health insurance does not cover auto-related injuries or if you want reimbursement for lost wages.
  • Learn more

Uninsured or underinsured motorist insurance

  • 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 one in eight drivers does 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.
  • Learn more

According to the Insurance Information Institute, the average claim for property damage liability was approximately $3,638 in 2017, while the average claim for bodily injury liability was about $15,270. The average collision claim was $3,425, and the average comprehensive claim was $1,817.

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

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 quotes will be more costly than those of someone who is older or has a clean driving record.

FactorHow does it impact your insurance rate?
Your ageDrivers under 30, as well as new drivers, are statistically more likely to have accidents than older drivers. If you are a teenager, or someone being added to your policy is a teenager, don't be surprised if your rates increase.
Driving historyA history of accidents or traffic violations will cause your rates to increase since you pose a heightened claim risk to the insurer. Conversely, if you have an excellent driving history, you might enjoy a discount on your rates compared with other drivers of your age and in your location.
Marital status and number of dependentsMarried couples tend to have fewer accidents, which can mean slightly lower rates unless one of the drivers has a poor driving history. On the other hand, having dependents means more people to insure.
The year, make and model of your carGenerally, the more expensive your vehicle is, the more it'll cost to insure because parts for an expensive car are more costly to replace or fix than those of a cheap car. Insurance also tends to cost more on newer vehicles compared to older ones.
The amount of mileage you plan to put on the carThe more you drive your car, the higher your premiums will be since increased driving time translates to increased opportunities for an accident.
The types and limits of the coverage you chooseAdditional types of coverage and higher limits will increase your premiums in exchange for broader protection.
The size of your deductiblesHigher deductibles will lower your monthly premiums, but you'll have to pay more out of pocket before your policy kicks in.
Your city and stateThe city and state you live in will have a large influence on your insurance rates. Rural areas tend to have a much lower risk of minor accidents, vandalism and theft than urban areas, so city drivers should expect higher rates. Additionally, some states — such as California and West Virginia — tend to have higher car insurance rates on average.
Your credit historyIf you have a poor credit history, insurance companies might consider you less likely to keep up with your monthly premiums, and less responsible overall, so they may increase your premiums.

How can you save money on auto insurance?

Finding inexpensive car insurance rates can be difficult 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:

  • Compare quotes from various companies. The difference between the cheapest and most expensive insurance company can range in the thousands of dollars, annually. This makes it imperative for drivers to shop around and compare rates. You should receive quotes from large insurers like State Farm and GEICO in addition to smaller companies like Erie and Farm Bureau.
  • 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.
  • If you live with other drivers, consider a multi-car policy. It is cheaper to add another person to your insurance plan than to have two separate policies. You can share a multi-car policy with anyone you live with.
  • 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 will result in a discount on your total premiums.

If your driver profile has changed since you initially received your 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 number of dependents are all factors that affect your insurance rates. Improving your credit score or staying accident-free might help you get a more inexpensive quote.

Mark is a Senior Research Analyst for ValuePenguin focusing on the insurance industry, primarily auto insurance. He previously worked in financial risk management at State Street Corporation.

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.