Car Insurance Cost in 2024
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?
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
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
Renewal Discounts
Continuous Insurance Discounts
Multi-Policy Discounts
Marriage Discount
Loyalty Discounts
Multi-Car Discounts
Bundling Discounts
Accident-Free Discount
Costco Discounts
Defensive Driving Course Discounts
Teen Drivers Discounts
Lien Holder Discount
Senior Drivers Discount
Good Driver Discounts
Paid-In-Full Discounts
Occupational Discounts
Paperless Billing Discounts
First Responders Discount
Affiliation Discounts
Mature, Retired, Or Senior Discount
User-Based Discounts
Telematics-Based Discounts
Low Mileage Discounts
Vehicle Safety Ratings And Features Discounts
Bundling Policies
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!
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