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Car Insurance Cost
How much does car insurance cost? The price of car insurance depends on many factors, including your age and experience as a driver, your credit record and whether you are married and own a home. However, you can still get an idea of the average car insurance rates you can expect to pay.
To get a free auto insurance quote, simply find an agent in the Trusted Choice В® network. Your agent can help you get accurate, no-obligation quotes and find any discounts for which you may qualify.
Research average cost, then contact an independent agent for an accurate quote.
Disclaimer: the figures above should not be viewed as reliable auto insurance estimates. Rather, this information should provide a rough starting point for getting information.
Factors that Impact Typical Auto Insurance Rates
Monthly auto insurance premiums can range from less than $50 to hundreds of dollars. The average car insurance payment you might expect to pay will be based on your age, where you live, your driving history, the kind of car you drive, the number of cars and drivers in your household, and more.
Regional Differences in Car Insurance Estimates
Different regions can have very different average auto rates. Insurance companies have higher premiums in states and regions that have more risks, for example. The regional factors that impact typical auto insurance rates include:
- Location, location, location Where you live, drive and work all influence auto insurance rates. If you live or work in an area with high rates of accidents or crime, the odds are greater that you will be in a wreck or be the victim of vandalism or theft. Auto insurance companies may also take into consideration the cost of medical treatment in the areas where you spend most of your time. For a variety of reasons, car insurance rates can vary widely by state and even by ZIP code.
Minimum Auto Liability Insurance by State
If you have just started investigating car insurance rates, you may be wondering if the minimum liability required in your state is enough. The answer is typically no вЂ“ the state minimum liability will often not be sufficient to cover losses and potential liability claims.
Your next question may be, вЂњwhat happens if your insurance is not enough to cover a loss?вЂќ And the answer to that question is that it must typically come out of your pocket.
The minimum coverage car insurance requirements are provided below, by state. The first number indicates bodily injury liability per person, the second is the bodily injury liability limit per accident, and the third number is the total coverage amount for property damage, in thousands.
LetвЂ™s look at Indiana as an example. If you are responsible for an accident in Indiana that destroys a car and sends three people to the hospital, your available insurance will cover the first two people who file a claim, up to a total of $25,000 in medical payments and liability costs, and up to $10,000 in property damage costs. Those totals will very likely fall short of the medical payments, legal defense fees and property damage costs associated with the accident.
Look up the minimum liability requirements for your state.
How Much Does Car Insurance Cost? Get Price Estimates, Trusted Choice, how much is auto insurance.