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auto insurance prices cost 2022

 

How much does car insurance cost by state?

On average, car insurance costs around $1,771 per year for full coverage and $545 per year for minimum coverage. However, when determining “how much does car insurance cost” in a specific area, the answer can vary depending on a variety of factors. The state where you live, individual rating factors, accident and claim reporting frequency, and even cost of labor and parts can cause one city or state to be more expensive than others.

Average car insurance cost by state in 2022

StateAverage annual premium for full coverage insuranceAverage annual premium for minimum coverage insurance
Alabama$1,760$443
Alaska$1,770$417
Arizona$1,743$579
Arkansas$1,806$437
California$2,190$619
Colorado$2,019$495
Connecticut$1,533$646
Delaware$1,963$747
Florida$2,762$997
Georgia$2,009$642
Hawaii$1,206$338
Idaho$1,065$271
Illinois$1,533$475
Indiana$1,242$329
Iowa$1,254$227
Kansas$1,802$419
Kentucky$1,954$658
Louisiana$2,864$807
Maine$876$227
Maryland$1,931$836
Massachusetts$1,296$446
Michigan$2,345$946
Minnesota$1,692$600
Mississippi$1,701$450
Missouri$1,893$515
Montana$1,795$310
Nebraska$1,538$367
Nevada$2,426$846
New Hampshire$1,182$324
New Jersey$1,891$855
New Mexico$1,489$347
New York$2,996$1,339
North Carolina$1,392$431
North Dakota$1,225$268
Ohio$1,200$336
Oklahoma$1,902$408
Oregon$1,371$625
Pennsylvania$2,002$441
Rhode Island$1,847$569
South Carolina$1,464$518
South Dakota$1,542$274
Tennessee$1,383$372
Texas$1,868$551
Utah$1,449$544
Vermont$1,000$242
Virginia$1,347$483
Washington$1,313$482
Washington, D.C.$1,948$613
West Virginia$1,527$427
Wisconsin$1,246$363
Wyoming$1,510$262

Top 5 cheapest states for car insurance

Drivers in Maine, Vermont, Idaho, New Hampshire and Ohio pay the cheapest annual full coverage car insurance rates in the nation, on average. Factors like cheaper cost of living, lower probability of accidents and claims, and less traffic congestion could be contributing to these states' lower average premiums.

  • Maine: $876 per year — 51% below national average
  • Vermont: $1,000 per year — 44% below national average
  • Idaho: $1,065  per year — 40% below national average
  • New Hampshire: $1,182 per year — 33% below national average
  • Ohio: $1,200  per year — 32% below national average

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How much does car insurance cost by company?

On average, car insurance from some of the top insurance carriers in the nation can range from $1,200 to $2,500 per year for full coverage, the cheapest being from USAA and Geico. But because each auto insurance company has its own proprietary underwriting system, the cost of car insurance will vary from carrier to carrier. For drivers looking for the best car insurance company, keep in mind that the coverage you choose plays a role too. The average cost of full coverage car insurance is about 225% more than minimum coverage.

The table below showcases the average annual and monthly full coverage premiums for some of the largest car insurance companies in the nation by market share. 

$2,438
$203
$1,627
$136
$1,495
$125
$1,305
$109
$1,321
$110
$1,524
$127
$1,297
$108
$1,483
$124
Powered by Coverage.com (NPN: 19966249)

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How much does car insurance cost by age and gender?

Insurers typically consider age as a significant factor in setting auto insurance rates, with young drivers paying the highest premiums on average based on 2022 rates. Auto insurers use actuarial data to determine that teens and young adult drivers — as well as the elderly — are more likely to get in an accident, so the car insurance costs that these drivers pay are typically higher to compensate for the greater risk. Note that your age will not affect your premium if you live in Hawaii or Massachusetts, as state regulations prohibit auto insurers from using age as a rating factor.

Additionally, gender impacts your premium in most states. Men typically cost more to insure than women. This is because men generally engage in riskier driving behaviors than women and have a higher rate of accident severity, according to the Insurance Information Institute (Triple-I). However, not all states allow gender to be a factor in rates. If you live in California, Hawaii, Massachusetts, Michigan, North Carolina or Pennsylvania, your gender does not affect how much you pay for car insurance because of state regulations prohibiting this rating factor.

AgeMaleFemaleDifferencePercent difference between rates
16-year-old*$4,004$3,669$3358.7%
17-year-old*$3,740$3,420$3208.9%
18-year-old**$5,694$4,946$74814.1%
19-year-old**$4,440$3,819$62115.0%
20-year-old**$4,060$3,504$55614.7%
21-year-old**$3,188$2,822$36612.2%
22-year-old**$2,931$2,627$30410.9%
23-year-old**$2,759$2,491$26810.2%
24-year-old**$2,614$2,374$2409.6%
25-year-old**$2,196$2,059$1376.4%
30-year-old$1,888$1,854$341.8%
40-year-old$1,778$1,764$140.8%
50-year-old$1,661$1,652$90.5%
60-year-old$1,612$1,597$150.9%
70-year-old$1,755$1,729$261.5%

*16- and 17-year-old rates reflect the total cost of the teen driver added to their parent’s policy with student discounts applied.

**18- through 25-year-old rates reflect renters (not homeowners) calculated on their own policy.

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