Car InsuranceFinance

Car Insurance Comparison: Compare Car Insurance Quotes (2023 Rates)

Car Insurance Comparison: Compare Car Insurance Quotes (2023 Rates)

Navigating the labyrinthine world of car insurance can be daunting, but worry not, dear reader. Today, we’re going to guide you through the maze, comparing top car insurance companies and explaining how to get quotes from each.

When you’re shopping around for car insurance quotes, you may get lots of opinions on what company to use and what coverage to get.

Comparing quotes from several different insurers is one of the best ways to save money. And it’s not a process that takes hours. With a minimal time investment, you can find the best car insurance rates and a policy that’s right for you.

Compare Car Insurance Rates

Comparing auto insurance quotes is all about gathering options so you can find the best car insurance companies.

Compare car insurance rates:

  • By company
  • By state
  • By Vehicle
  • By age and gender
  • By credit score
  • For drivers with a DUI
  • For drivers with an at-fault accident
  • For drivers with a speeding ticket
  • For seniors
  • For adding a teen driver

Understanding Car Insurance

Before we dive in, let’s make sure we’re all on the same page about what car insurance is and why it’s essential.

Why Car Insurance is Important

Ever wondered why we need car insurance? It’s all about protection. Car insurance provides financial cover for unforeseen – accidents, theft, fire, and even your liability to third parties. In essence, it’s about peace of mind.

Types of Car Insurance

There are different types of car insurance, each offering a different level of cover. Third-party only, third-party, fire and theft, and comprehensive are the most common. Make sure you understand the nuances of each before making your choice.

Importance of Comparing Car Insurance Quotes

So, why should you compare car insurance quotes? Let’s dive into the benefits and the possible pitfalls of not comparing.

Benefits of Comparison

Comparing car insurance quotes allows you to find the best deal for your specific needs. It helps you avoid overpaying and ensures you get the best coverage for your buck. Sounds good, doesn’t it?

Pitfalls of Not Comparing

On the flip side, if you don’t compare, you could end up paying more for less coverage. Worse still, you might miss out on important benefits that another insurer could provide.

Compare Car Insurance Rates by Company

Not all car insurance price their policies the same. That’s why it’s so important to compare car insurance quotes from multiple companies. Here’s a look at large insurance companies and the average national rates for drivers with a clean driving record (meaning no traffic violations or at-fault accidents).

Company NameAverage national car insurance quotes for good drivers
USAA$1,412
Auto-Owners$1,628
Geico$1,716
Westfield$1,759
Travelers$1,852
State Farm$1,959
Nationwide$2,041
Erie$2,144
Progressive$2,157
American Family$2,176
Farmers$2,381
Safe Auto$2,647
Allstate$3,000
Mercury$3,233

Compare Car Insurance Rates by State

Compare Car Insurance Rates by State

StateAverage annual cost of car insurance for good drivers
Alabama$1,809
Alaska$2,323
Arizona$1,696
Arkansas$2,061
California$2,462
Colorado$2,489
Connecticut$1,730
Delaware$2,462
District of Columbia$1,574
Florida$4,326
Georgia$2,181
Hawaii$1,633
Idaho$1,021
Illinois$2,345
Indiana$1,454
Iowa$1,238
Kansas$1,693
Kentucky$1,979
Louisiana$3,629
Maine$1,216
Maryland$3,349
Massachusetts$2,333
Michigan$2,995
Minnesota$2,360
Mississippi$1,704
Missouri$2,323
Montana$1,770
Nebraska$1,538
Nevada$3,342
New Hampshire$1,411
New Jersey$2,240
New Mexico$2,104
New York$4,769
North Carolina$1,307
North Dakota$1,319
Ohio$1,112
Oklahoma$2,291
Oregon$1,459
Pennsylvania$3,600
Rhode Island$2,715
South Carolina$2,387
South Dakota$1,821
Tennessee$1,720
Texas$2,938
Utah$1,955
Vermont$1,037
Virginia$1,486
Washington$1,829
West Virginia$1,688
Wisconsin$1,905
Wyoming$1,341

Compare Car Insurance Rates by Vehicle

The vehicle has a major impact on how much you spend on car insurance, especially if you’re buying collision and comprehensive insurance. Here are average car insurance costs for popular vehicles.

See also  Top Debt Consolidation Programs in Alaska, AK

Least expensive cars to insure

VehicleAverage car insurance quote
Honda CR-V LX$1,574
Jeep Wrangler JL Sport$1,585
Subaru Crosstrek$1,606
Subaru Forester 2.5I$1,613
Hyundai Tucson SE$1,637
Jeep Compass Latitude$1,645
Chevrolet Equinox L$1,661
Ford Escape S$1,663
Volkswagen Tiguan SE$1,663
Ford F-150 XL$1,672
Chevrolet Trax LS$1,680
Toyota Tacoma SR$1,688
Toyota RAV4 LE$1,704
Kia Sportage EX$1,705
Dodge Grand Caravan SE$1,713
Ford Edge SE$1,722
Mazda CX-5 Grand Touring$1,729
Chevrolet Traverse LS$1,733
Chevrolet Colorado$1,733
Ford Ranger Lariat$1,748
Toyota Highlander LE$1,757
Nissan Rogue S$1,758
Honda Pilot SE$1,762
GMC Canyon All Terrain$1,777
Subaru Outback 2.4I Limited XT$1,789

Medium-expensive cars to insure

VehicleAverage car insurance quote
Jeep Cherokee Limited$1,809
Chevrolet Blazer 2LT$1,811
Chevrolet Silverado 1500 WT$1,813
Toyota Tundra SR$1,818
Volkswagen Jetta SE$1,833
Honda Civic EX$1,838
Toyota 4Runner Limited$1,848
GMC Sierra 1500$1,851
Ford Fusion SE$1,865
Chevrolet Malibu L$1,882
Chevrolet Tahoe LS$1,883
Chrysler Pacifica Limited$1,891
Toyota Camry LE$1,899
Hyundai Elantra SE$1,904
Toyota Corolla LE$1,909
Jeep Grand Cherokee Limited$1,913
Ford Explorer ST$1,944
Nissan Sentra S$1,957
Kia Forte EX$1,964
Kia Optima LX$1,987
Honda Accord EX-L$1,988

Most expensive cars to insure

VehicleAverage car insurance quote
Lexus NX 300h$2,014
Dodge Ram 1500 Rebel$2,015
Lexus RX 350$2,105
Nissan Altima 2.0 S$2,130
Tesla Model 3 Standard Plus$2,447
Volvo XC90 T8 Inscription$2,456
Lexus ES 300H$2,485
Tesla Model S Performance$3,960

Compare Auto Insurance Rates by Age and Gender 2023

Your age and gender affects car insurance rates. Young, inexperienced drivers pay the most and can expect their rates to start going down at age 25. Drivers with good driving records will enjoy their best rates in their 50s and 60s. Rates start to increase again around age 65.

AgeAverage national rates for a female driverAverage national rates for a male driver
18$6,100$7,151
20$4,444$5,234
25$2,574$2,733
30$2,334$2,369
40$2,245$2,222
50$2,076$2,080
60$2,004$2,025
70$2,208$2,289
80$2,632$2,864

Car Insurance Quotes for Drivers with Poor Credit

The table below shows the average national rate increase for drivers with poor credit compared to good drivers.

See also  Rehab Doctors: Find the Best Doctor for Rehabilitation

Car Insurance Quotes for Drivers with Poor Credit

  • GeicoCompany
  • $1,716Average annual cost for drivers with good credit
  • 41%Average increase for drivers with poor credit
CompanyAverage annual cost for drivers with good creditAverage annual cost for drivers with bad creditAverage increase for drivers with poor credit
Geico$1,716$2,42641%
USAA$1,412$2,59484%
Nationwide$2,041$2,77136%
Westfield$1,759$2,96469%
Safe Auto$2,647$3,34526%
American Family$2,176$3,36054%
Travelers$1,852$3,38183%
Farmers$2,381$3,92165%
Allstate$3,000$4,02834%
Progressive$2,157$4,21595%
Auto-Owners$1,628$4,217159%
Erie$2,144$4,903128%
State Farm$1,959$5,051157%

Compare Car Insurance for Drivers with a DUI

A DUI is a costly mistake. Our analysis found that the national average car insurance rate increase for drivers with a DUI is 70%. Here’s a look at rate increases after a DUI among large insurance companies.

Compare Car Insurance for Drivers with a DUI

  • State FarmCompany
  • $1,942Average annual rates with one DUI
  • 38%Average rate increase after a DUI
CompanyAverage annual car insurance quotes for a good driverAverage annual car insurance quote after one DUIAverage cost increase after a DUI
USAA$1,412$2,75195%
Progressive$2,157$2,77629%
American Family$2,176$2,98337%
State Farm$1,959$3,23565%
Auto-Owners$1,628$3,363107%
Erie$2,144$3,39058%
Geico$1,716$3,451101%
Farmers$2,381$3,51748%
Travelers$1,852$3,67598%
Nationwide$2,041$3,67780%
Allstate$3,000$3,85629%
Safe Auto$2,647$3,87446%
Westfield$1,759$4,357148%

Compare Car Insurance Rates for Drivers with an At-Fault Accident

If you cause a car crash, you can expect your car insurance rates to go up after an accident. Here’s a look at rate increases for drivers who caused an accident that caused an injury to someone else.

Compare Car Insurance Rates for Drivers with an At-Fault Accident

  • USAACompany
  • $2,093Average car insurance quote with one at-fault accident causing injury
  • 48%Average cost increase after one at-fault accident causing injury
CompanyAverage car insurance quote per yearAverage car insurance quote with one at-fault accident causing injuryAverage cost increase after one at-fault accident causing injury
USAA$1,412$2,09348%
Auto-Owners$1,628$2,14532%
Westfield$1,759$2,45840%
Geico$1,716$2,48745%
State Farm$1,959$2,55430%
Travelers$1,852$2,63042%
American Family$2,176$2,81830%
Erie$2,144$2,82232%
Nationwide$2,041$3,05049%
Progressive$2,157$3,41359%
Farmers$2,381$3,44645%
Allstate$3,000$3,87029%
Safe Auto$2,647$3,87446%
Mercury$3,233$5,373.0066%

Compare Car Insurance Rates for Drivers with a Speeding Ticket

Drivers with a heavy foot can expect car insurance rates to go up after a speeding ticket. Here’s a look at car insurance quote increases for drivers with one speeding ticket.

See also  Top Debt Consolidation Programs in Minnesota, MN

Compare Car Insurance Rates for Drivers with a Speeding Ticket

  • USAACompany
  • $1,709Average car insurance quote after one speeding ticket
  • 21%Average cost increase after one speeding ticket
CompanyAverage car insurance quote per yearAverage car insurance quote after one speeding ticketAverage cost increase after one speeding ticket
USAA$1,412$1,70921%
Westfield$1,759$2,00114%
Geico$1,716$2,09822%
Auto-Owners$1,628$2,25038%
State Farm$1,959$2,31120%
Erie$2,144$2,3168%
Nationwide$2,041$2,43920%
Travelers$1,852$2,48134%
American Family$2,176$2,53617%
Progressive$2,157$2,79329%
Farmers$2,381$3,01427%
Allstate$3,000$3,2137%
Safe Auto$2,647$3,36027%
Mercury$3,233$4,339.0034%

Compare Car Insurance Rates for Seniors

Geico and USAA have the cheapest car insurance rates for seniors and well below the national annual average for senior drivers of $2,196. The older you get once you hit your senior years, the more you’ll likely pay for car insurance, so it’s vital to get multiple car insurance quotes from other companies to make sure you’re getting the best rates for your coverage. 

Compare Car Insurance Rates for Seniors

  • USAACompany
  • $1,554Average annual senior car insurance rates
  • $1,465Average rates for 70-year-old drivers
CompanyAverage annual senior car insurance ratesAverage rates for 60-year-old driversAverage rates for 70-year-old driversAverage rates for 80-year-old drivers
USAA$1,554$1,314$1,465$1,882
Auto-Owners$1,768$1,564$1,676$2,065
Geico$1,936$1,693$1,872$2,242
State Farm$2,007$1,850$1,922$2,248
Nationwide$2,034$1,793$1,975$2,333
Travelers$2,107$1,764$1,999$2,556
Progressive$2,296$1,927$2,196$2,765
American Family$2,360$2,084$2,225$2,773
Erie$2,435$2,123$2,287$2,896
Farmers$2,612$2,138$2,551$3,147
Allstate$3,048$2,819$2,922$3,404

Compare Car Insurance Rates for Adding a Teen Driver

Here’s a look at the national average car insurance rate increases for a married couple that adds a teen driver to a policy with coverage of 100/300/100 and collision and comprehensive insurance.

CompanyAverage auto insurance cost increase after adding a teen driver
Nationwide43%
American Family58%
Erie65%
State Farm73%
Geico77%
Progressive78%
Auto-Owners79%
Allstate91%
USAA99%
Farmers106%
Travelers115%

What Factors Influence My Car Insurance Quotes? 

There are several factors that play a role in car insurance quotes. Here are some of the most common pricing factors:

Your driving history

Drivers with a clean driving history will pay less than drivers who have traffic violations and at-fault car accidents on their records. Car insurance companies tend to look at the last three to five years of your driving history, depending on your state. 

Your vehicle

The type of car you drive impacts your quote. Certain safety features (like air bags and rear backup cameras) and anti-theft features could help reduce your auto insurance quotes.

Your location

Where you live plays a significant role in rates. For instance, drivers in urban areas tend to file more car insurance claims, which usually translates into higher rates.

Your driving experience

Younger and inexperienced drivers (like teens) will pay more than drivers with years of experience under their belts. 

Other pricing factors

Car insurance companies also often look at factors, such as gender, age, occupation, marital status, home ownership and credit. State law sometimes dictates that certain factors can’t be used. For example, California, Hawaii, Massachusetts and Michigan ban the use of credit scores in car insurance quotes.

Other drivers on your policy

If you have other drivers in your household, their driving records will impact your rate. For example, if you add a teen driver to your policy, be prepared for a significant bump in car insurance premiums.

How to Compare Car Insurance Quotes

Here are tips for comparing car insurance quotes.

Determine how much coverage you need

Assess whether it makes sense to buy more than your state-mandated minimum liability requirements—in nearly all cases it does as low limits can be exceeded by even minor accidents. Decide if you want comprehensive and collision coverage to cover your own car, and choose a deductible amount.

Research customer service

Review customer satisfaction ratings so you can find an insurance company that will be responsive if you have to file a claim and that can help you identify the best coverage options for your needs. Forbes Advisor’s ratings of the best car insurance companies can help.

Check coverage options and discounts

Make sure the companies you’re considering provide coverage options and price breaks that match your driver profile. For example, if you want pet injury coverage included and the option to have a usage-based plan or accident forgiveness, check to see if these are offered. If you have a teen driver and work from home, a company with good student and low-mileage discounts is worth considering.

Compare rates for identical coverage amounts

Compare car insurance quotes for the exact same coverage amount to be sure you’re getting an equitable comparison. Check out multiple insurers for pricing.

How Do I Get Free Car Insurance Quotes?

Here are two ways to get car insurance quotes, which are always free:

  • Online. Many auto insurance companies offer free car insurance quotes online. You can visit several insurance company websites and compare quotes. To save time, use a website that provides quotes from multiple companies.  
  • By phone or in-person. Speak with or visit a local insurance agent who can help you find affordable car insurance options and get you a car insurance quote.

There are generally two types of insurance agents: 

  • A “captive” agent works for one insurance company and can give you a quote only from that insurer. 
  • An “independent” insurance agent can sell policies from multiple insurance companies and can get you quotes from different insurers.

There are benefits to both approaches, and there’s no law against contacting multiple insurance agents. It doesn’t hurt to get online quotes and also speak with an agent who can help you identify your coverage needs and tailor a policy that’s the best fit for you. 

What information do I need to get auto insurance quotes?

To make the process go as smoothly as possible, it helps to have the following information on hand: 

  • Driver’s license. If there are any other drivers in your household, you’ll need their driver’s license information as well.
  • Vehicle identification number (VIN). You can typically find your VIN on the vehicle’s driver’s side dashboard or printed on a sticker in the driver’s side door or door jamb. If you haven’t purchased the vehicle yet but know what you’re going to buy, ask the seller for the VIN. If you haven’t picked out your car yet, you can usually get a quote with a vehicle make and model.
  • Mileage. If you own the car, have the odometer reading handy.
  • How much coverage you want. You’ll want to know what coverage types you want to buy and how much coverage you need. If you’re not sure, it’s a good idea to speak with an insurance agent who can help answer your questions.

The auto insurance company will gather additional information about you, such as your driving history, past auto insurance claims and (in most states) your credit.

Conclusion

Choosing the right car insurance can be complex, but comparing quotes from top companies can make the process simpler and more effective. So, take your time, compare wisely, and you’ll find the cover that suits you best.

FAQs

  1. Why is car insurance important? Car insurance is essential as it provides financial protection against unforeseen circumstances like accidents, theft, fire, and your liability to third parties.
  2. How do I get a car insurance quote? You can get a car insurance quote by visiting the insurer’s website, providing some details about you and your vehicle, and requesting a quote.
  3. What should I consider when comparing car insurance quotes? Consider factors such as the level of coverage, the cost of the premium, the insurer’s reputation, and the excess when comparing quotes.
  4. Is the cheapest car insurance always the best? Not necessarily. Cheaper insurance might not provide the level of coverage you need. It’s important to find a balance between cost and coverage.
  5. How often should I compare car insurance quotes? It’s a good idea to compare car insurance quotes at least once a year or whenever your circumstances change significantly.

Reference:

Forbes

Related Articles

Back to top button