What are the Insurance Rates by Car?

before we analyze the Insurance Rates by Car we will have basic market understanding on How Car Make and Model Impact Auto Insurance Costs

Why do we need car insurance?

Running responsible car insurance is legally required in almost every state because it will help you pay for the damages and damage caused to others in the event of an accident. It can also help pay legal costs if you are taken to court for an accident. Alternative physical damage coverage, extensive and is damage and pay for damage to your own car regardless of fault. For an average driver, the full coverage car insurance costs about $ 1,300, but it can save you a lot of money,

  • You are financially protected – without car insurance, you have to pay out of pocket for your accident and injuries.
  • Your home, savings, and assets are not at risk if you are in an accident.
  • You will be reimbursed to repair your car after an accident.

How do we compare car insurance quotes?

To get the lowest price on your car insurance, you need to compare auto insurance prices to see which company is the most affordable. The cost of a policy can vary by hundreds of dollars, sometimes even thousands. Insurance companies use a variety of methods to determine how much you should pay, so there is a different cost for your coverage.CarInsurance.com Consumer Analyst Penny Gusner offers the following expert advice to compare car insurance price:

  • Access your coverage want and decide how much insurance to buy.
  • Compare the same coverage level
  • Compare at least three different auto insurance company
  • Do research on customer satisfaction and claims handling, not just pick on price.
  • Do not cancel your existing coverage until you have a new policy.

Car Insurance Rate by Age

With age comes wisdom and car insurance costs decrease. This is obvious when you look at average car insurance rates by age .

Car insurance is generally very high for people under the age of 25. Young and young drivers are inexperienced behind the wheel, and statistics show that as a whole class they are at higher risk for auto insurance providers as they are more vulnerable to accidents than other age groups, higher risk equal higher rates.

As you can see in the “age-average car insurance rates” chart below, in general, the rates for drivers in their 40s, 50s and 60s are cheaper and then increase slightly at age 70. Here are the average car insurance rates by age for followings kits.

  • Minimum states – what it takes to drive a car legally in your state
  • Liability Car Insurance – Limit of $ 50,000 to Cover Physical Injury in Others, Up to $ 100,000 for an Accident, and $ 50,000 to Pay for Damage to another car or property
  • Complete Coverage – Limit liability of $ 100,000 for coverage of physical injury to others in an accident, up to $ 300,000 for an accident, $ 100,000 for damage to another car or property, and $ 500 less with extensive and is an insurance yes , you can.

Car insurance rate by age chart

Age Stateminimum 50/100/50 100/300/100
16 $2593 $2957 $6930
17 $2179 $2500 $5836
18 $1870 $2142 $5115
19 $1260 $1444 $3503
20 $1102 $1261 $3214
21 $875 $1001 $2516
22 $794 $906 $2288
23 $732 $834 $2116
24 $684 $779 $1982
25 $608 $691 $1745
35 $552 $627 $1564
45 $525 $596 $1469
55 $494 $560 $1363
65 $515 $585 $1402
75 $630 $718 $1651
85 $778 $887 $1987

Car insurance by age for the early 20

When you hit your 20s , your rates start to drop, but you will still pay more than most drivers until you reach age 26. Bellow you will find average car insurance  cost by age for several common coverage set for the time when your teen years are in the rear view mirror but much cheaper rates are still a bit further down the road.

How much car insurance for a 20 years old male and female?

Age 20 Average rate Average rate
Liability Only – State Minimum BI/PD Female $1,031 Male $1,173
Liability Only – 50/100/50 BI/PD Female $1,178 Male $1,343
Full Coverage – 100/300/100 BI/PD – 500 Comp/Collision Female $2,862 Male $3,385

Car insurance for a 21 years old male and female?

Age 21 Average rate Average rate
Liability Only – State Minimum BI/PD Female $832 Male $919
Liability Only – 50/100/50 BI/PD Female $950 Male $1,051
Full Coverage – 100/300/100 BI/PD – 500 Comp/Collision Female $2,335 Male $2,696

Car insurance for a 22 years old male and female?

Age 22 Average rate Average rate
Liability Only – State Minimum BI/PD Female $762 Male $826
Liability Only – 50/100/50 BI/PD Female $869 Male $943
Full Coverage – 100/300/100 BI/PD – 500 Comp/Collision Female $2,148 Male $2,427

Car insurance for a 23 years old male and female?

Age 23 Average rate Average rate
Liability Only – State Minimum BI/PD Female $704 Male $760
Liability Only – 50/100/50 BI/PD Female $802 Male $867
Full Coverage – 100/300/100 BI/PD – 500 Comp/Collision Female $2,000 Male $2,233

Car insurance for a 24 years old male and female?

Age 24 Average rate Average rate
Liability Only – State Minimum BI/PD Female $663 Male $706
Liability Only – 50/100/50 BI/PD Female $754 Male $804
Full Coverage – 100/300/100 BI/PD – 500 Comp/Collision Female $1,886 Male $2,079

Car insurance for a 25 years old male and female?

Age 25 Average rate Average rate
Liability Only – State Minimum BI/PD Female $604 Male $611
Liability Only – 50/100/50 BI/PD Female $687 Male $696
Full Coverage – 100/300/100 BI/PD – 500 Comp/Collision Female $1,706 Male $1,784