How Much Is Car Insurance?

In 2024, the average cost of full coverage car insurance increased 26%, from $2,014 annually to a whopping $2,545 annually. This makes the monthly cost around $212. With such a rise in prices, finding insurance that fits your price range has become more challenging and essential. Before purchasing an auto insurance policy, it is crucial to understand the factors influencing your premiums. For example, the state you are in and your age are two factors that may influence your premiums. Knowing these factors can also help you access relevant discounts and incentives.

What Can Affect My Car Insurance Prices?

Credit

Driving Record

Age

Marital Status

Gender

Car Make And Model

Coverages

Deductible

Mileage

Vehicle

Insurance History

Driving History

Location

Postal Code

Vehicle Type

Claims History

Miles Driven

Compare Insurance Quotes

Discounts

Insurance Company

Address

Age Of Car

Collision And Comprehensive Coverage

Demographic Factors

What Are the 2024 State-by-State Average Car Insurance Costs?

Below are the average yearly auto insurance quotes for various cities in Texas. However, you should know that auto insurance rates are subject to change due to the individual circumstances of each policyholder. The average auto insurance estimates from different cities in Texas are listed below, based on factors such as location and crime rate.

STATE

AVERAGE COST OF STATE MINIMUM COVERAGE

AVERAGE COST OF STATE FULL COVERAGE

Alabama

$1,340

$2,092

Arizona

$1,422

$2,388

Arkansas

$1,294

$2,211

California

$1,394

$2,439

Colorado

$1,406

$2,446

Connecticut

$1,887

$2,566

Delaware

$1,881

$2,372

Florida

$1,840

$2,676

Georgia

$1,860

$2,878

Idaho

$1,232

$1,704

Illinois

$1,310

$1,993

Indiana

$1,224

$1,688

Iowa

$1,175

$1,635

Kansas

$1,236

$1,909

Kentucky

$1,556

$2,505

Louisiana

$1,810

$3,340

Maine

$1,084

$1,887

Maryland

$2,068

$2,802

Massachusetts

$1,166

$2,065

Michigan

$1,999

$2,272

Minnesota

$1,499

$2,056

Mississippi

$1,217

$2,158

Missouri

$1,373

$1,987

Montana

$1,108

$1,677

Nebraska

$1,298

$2,288

Nevada

$1,876

$2,870

New Hampshire

$1,636

$1,665

New Jersey

$2,112

$3,007

New Mexico

$1,710

$1,951

New York

$2,892

$3,153

North Carolina

$2,889

$3,153

North Dakota

$1,209

$1,743

Ohio

$1,442

$1,819

Oklahoma

$1,363

$2,304

Oregon

$1,481

$2,112

Pennsylvania

$1,488

$2,067

Rhode Island

$1,836

$2,783

South Carolina

$1,820

$2,780

South Dakota

$1,269

$2,347

Tennessee

$1,222

$1,970

Texas

$1,379

$2,296

Utah

$1,539

$1,819

Vermont

$928

$1,743

Virginia

$1,432

$2,276

Washington

$1,416

$2,424

West Virginia

$1,309

$3,006

Wisconsin

$1,231

$1,668

Wyoming

$1,095

$1,721

Which US States Offer the Cheapest Car Insurance in 2024?

Idaho

Idaho’s low insurance rates are due to its low population density, lower regional crime rate, and fewer accidents, resulting in fewer insurance claims.

Ohio

Ohio car insurance is cheap because of its competitive market and the low incidence of extreme weather conditions, which minimizes the number of claims.

Maine

Maine has some of the cheapest car insurance rates due to its low population density and fewer cars on the road, which leads to fewer accidents and claims.

Vermont

Vermont has cheap vehicle insurance rates due to its rural setting, reduced traffic congestion, and fewer high-risk drivers, which leads to fewer road accidents.

Virginia

Virginia has a competitive insurance market, and there is also a meager percentage of uninsured drivers, lowering the cost of auto insurance for the residents.

Which US States Have the Most Expensive Car Insurance in 2024?

Michigan

Michigan's car insurance rates are costly due to its no-fault insurance system and mandate for unlimited personal injury protection (PIP) coverage.

Connecticut

Connecticut has higher insurance rates due to its high population, higher cost of living, and frequent extreme weather conditions, which result in more claims.

Florida

Florida has expensive insurance due to the high number of uninsured drivers, frequent storms, and the no-fault insurance system, which requires PIP Coverage.

New York

Car insurance is expensive in New York due to crowded urban areas, an elevated risk of car thefts, and expensive no-fault insurance laws.

Louisiana

Louisiana's insurance prices are high due to the prevalence of natural disasters, high accident rates, and an increasing number of uninsured drivers.

What Are the 2024 Car Insurance Rates by Company?

Company

Annual Full Coverage Premium

Monthly Full Coverage Premium

Annual Minimum Coverage Premium

Monthly Minimum Coverage Premium

StateFarm

$2,248

$187

$523

$44

Progressive

$2,044

$170

$592

$49

Geico

$1,735

$145

$464

$39

Allstate

$2,195

$183

$700

$58

USAA

$1,683

$140

$435

$36

Liberty Mutual

$2,215

$185

$800

$67

Farmers Insurance

$2,331

$194

$750

$63

Travelers

$1,761

$147

$522

$43

American Family Insurance

$2,709

$226

$650

$54

Nationwide Insurance

$1,726

$144

$680

$57

What Are the 2024 Car Insurance Rates by Age Group?

Age

State Minimum Liability Costs (Men)

Full Coverage Costs (Men)

State Minimum Liability Costs (Women)

Full Coverage Costs (Women)

20 years

$1,129

$3,097

$996

$2,599

30 years

$552

$1,451

$573

$1,458

40 years

$538

$1,355

$547

$1,369

50 years

$517

$1,297

$513

$1,278

60 years

$508

$1,258

$494

$1,221

70 years

$567

$1,369

$542

$1,316

What Are the 2024 Car Insurance Rates by Driving Record?

Auto Insurance Company

Accident

DUI

Speeding

Clean Record

Overall Average

StateFarm

$2,701

$2,837

$2,567

$2,541

$2,595

Progressive

$3,026

$2,547

$2,606

$2,032

$2,032

Geico

$2,287

$3,665

$1,943

$1,750

$2,044

Allstate

$4,125

$3,875

$3,073

$2,609

$2,690

USAA

$1,976

$2,649

$1,685

$1,508

$1,706

Liberty Mutual

$2,980

$3,114

$2,352

$1,920

$1,920

Farmers Insurance

$3,465

$3,553

$3,245

$2,968

$3,119

Travelers

$2,699

$4,584

$2,493

$1,920

$1,919

American Family Insurance

$2,980

$4,584

$2,493

$1,920

$1,920

Nationwide Insurance

$3,153

$4,650

$2,629

$2,431

$2,770

What Are the 2024 Car Insurance Rates Based on Credit Score?

Credit History

Annual Full Coverage Premium

Poor

$4,801

Average

$2,769

Good

$2,542

Excellent

$2,200

What Are the 2024 Car Insurance Rates by Vehicle Model?

Car Model

Average Yearly Full Coverage Premium

Average Yearly Minimum Coverage Premium

Toyota Prius

$2,117

$602

Honda Civic

$1,963

$619

Hyundai Kona

$1,492

$472

Subaru Forester

$1,548

$516

Ford F-150

$1,753

$611

BMW M2

$3,326

$1,108

Honda Accord

$1,584

$528

Mazda3

$1,512

$504

Subaru Outback

$1,603

$554

Ford Maverick

$1,680

$560

Hyundai Tucson

$1,584

$528

Nissan Rogue

$1,880

$629

Tesla Model Y

$2,376

$792

Toyota Camry

$1,596

$532

Toyota RAV4

$1,656

$552

Buick Envista

$1,644

$548

Audi S4

$2,856

$952

Jeep Grand Cherokee

$1,800

$600

Toyota Highlander

$1,716

$572

What Are the Effective Ways to Reduce Your Car Insurance Expenses?

As insurance prices skyrocket, affordable car insurance coverage becomes more crucial. Here are some ways to reduce your car insurance expenses:

1

You can opt for a higher deductible if you want to pay a lower insurance premium. However, you should only do so if you can afford it.

2

Your driving history can influence your auto insurance rates for good and evil; always maintain a clean driving record to enjoy lower premiums.

3

Bundling your policies is a great way to save money. Most insurers offer discounts if you bundle multiple policies from the same provider.

4

Whenever buying an auto insurance policy, ask your insurance agent or insurer to seek discounts matching your profile.

5

You should take your time selecting an insurance policy; always ask for quotes from multiple providers before deciding.

What Discounts Can I Get For Car Insurance?

Military Discounts

Military Discounts

Renewal Discounts

Renewal Discounts

Continuous Insurance Discounts

Continuous Insurance Discounts

Multi-Policy Discounts

Multi-Policy Discounts

Marriage Discount

Marriage Discount

Loyalty Discounts

Loyalty Discounts

Multi-Car Discounts

Multi-Car Discounts

Bundling Discounts

Bundling Discounts

Accident-Free Discount

Accident-Free Discount

Costco Discounts

Costco Discounts

Defensive Driving Course Discounts

Defensive Driving Course Discounts

Teen Drivers Discounts

Teen Drivers Discounts

Lien Holder Discount

Lien Holder Discount

Senior Drivers Discount

Senior Drivers Discount

Good Driver Discounts

Good Driver Discounts

Paid-In-Full Discounts

Paid-In-Full Discounts

Occupational Discounts

Occupational Discounts

Paperless Billing Discounts

Paperless Billing Discounts

First Responders Discount

First Responders Discount

Affiliation Discounts

Affiliation Discounts

Mature, Retired, Or Senior Discount

Mature, Retired, Or Senior Discount

User-Based Discounts

User-Based Discounts

Telematics-Based Discounts

Telematics-Based Discounts

Low Mileage Discounts

Low Mileage Discounts

Vehicle Safety Ratings And Features Discounts

Vehicle Safety Discounts

Bundling Policies

Bundling Policies

Automatic Payments Discounts

Automatic Payments Discounts

Get A Free Auto Insurance Quote

Are you searching for an auto insurance policy that delivers quality without weighing heavy on the pocket? CINCO is here to guide you. Whether you are looking for state-required minimum liability coverage or a comprehensive insurance plan, our agents can help you find both. You don’t have to fret about how much auto insurance costs monthly with CINCO, as we help you access the most affordable rates! Enjoy your first free quote with us today!

WHY CUSTOMERS LOVE CINCO AUTO INSURANCE?

Luis Ortuno

Highly recommend! Completed my full coverage paperwork over the phone with Edward. Affordable prices and no waiting, unlike other agencies.

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Wendy Castillo

Thank you, Edward! I got exactly what I needed within my budget. Quick, easy, and hassle-free service. Happy customer!

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Jimmey McCullough

Helpful and friendly staff with excellent customer service. Will definitely recommend to family and friends for great insurance support.

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Audrey Hare

Best customer service! Edward was fantastic, answered all my concerns, and made the process easy. Valentina and Edward were great!

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Edward provided great service, found an affordable quote, and made the process quick and simple. Highly recommend this insurance agency!

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Daniel Alvarado

Nataly made the sign-up process easy and provided excellent service. I highly recommend this place for insurance needs.

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Maria Martinez

Evelyn gave me a fantastic insurance quote quickly. Great customer service and fast results. I definitely recommend!

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Jocelyn Adams

Edward was patient and made sure I received great service throughout the process. Really appreciate his help!

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Very friendly and fast service. Highly recommended for anyone looking for quality and efficient insurance support.

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Myrna Garcia

Edward helped me find a great price for my auto insurance. He was patient and offered fantastic coverage options.

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Cynthia D. Khaled

Edward provided excellent customer service and answered all my questions. Highly recommend this company for your insurance needs.

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Luis Morales

Big thanks to Edward for providing outstanding customer service and affordable options. Definitely go see him!

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Eduardo Ruiz

Nataly helped us find great insurance rates with excellent service. Highly recommend for low prices and great care.

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Reyna Arroyo

Samantha provided a great quote and helpful service. Will definitely recommend her to family and friends for insurance needs.

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Monica Herrera

Best customer service in town with low prices. Extremely kind and generous staff. Highly recommend this place!

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Claire Small

Amanda found me a fantastic insurance quote and was professional, kind, and diligent. I didn’t hesitate to take it!

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Abril Hernandez

Edward did an amazing job finding me the best price. Great service and excellent customer care.

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Christina Saldana

Eduardo quickly connected me with Amanda, who made the process easy and stress-free. Highly recommend them both!

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Cooking with Gala

Edward provided friendly and helpful customer service. The process was quick and the prices were great. Highly recommend!

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Ednandez

Keyla made my insurance switch smooth and easy. Very nice and helpful! I recommend her to everyone.

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Ryan Anderson

Elsa was amazing and helped me find great insurance prices. Highly recommend her for anyone seeking affordable coverage.

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John

Edward was a huge help! Transparent, welcoming, and highly recommended for insurance services. Great company overall.

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John

Edward was a huge help! Transparent, welcoming, and highly recommended for insurance services. Great company overall.

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