How Do Your Premiums Compare with National Average Car Insurance?

If you are a driver in the United States, it’s a pretty safe bet that you need car insurance. An auto policy not only provides you with financial protection but also complies with your state’s laws. With so many choices of providers and policies, it may help you to know national average car insurance premiums as you search for your new policy. Here is a general overview of some of the typical rates from different areas around the country.

National Averages

After reviewing reports from the National Association of Insurance Commissioners, and some state-governing insurance departments, the national average for an auto insurance policy is just over $900 a year. Below are several points to bear in mind when comparing your premium quotes to the average rate.

State Requirements

First, you have to be aware that each state has its own rules for the minimum auto insurance value that a driver must have. Your state may only require a minimum level of liability coverage, but they may also require uninsured motorist as well as no-fault (personal injury protection) coverages This means that the average will vary from state to state. If you live in a state with more stringent auto insurance requirements, your rate could be significantly higher than the national average.

Optional Coverages

The national average is based on the state’s minimum legal requirements. Any additional coverages, such as collision or comprehensive, can also put your premiums over the national average price.

Specific Factors

Finally, it is important that you know that car insurance providers also use a lot of personal data about you and your car as determining factors when calculating your rate. These rating factors include.

  • Your marital status
  • Your auto insurance history
  • Your driving record
  • Your credit history
  • Your car’s year, make, and model
  • Where you normally park your car
  • Where you normally drive
  • How many miles you drive per year

Considering how unique your personal needs may be, it’s not unusual for your auto insurance rate to be quite different from the national average.

Average Car Insurance Rate Samples

Here, we list some state averages for auto insurance rates. Please keep in mind that the states don’t publish average rates in their general reports. The averages below are based on premium rates reported by individual insurance companies. They are NOT official state averages.

California

These calculations are based on recently reported rates for basic liability coverage from 51 insurance providers in the state of California.

Single Male

The state average for a male driver with 9-15 years of driving experience, one
traffic violation, and who drives 12,000 - 15,000 miles per year will pay, on
average, $929.74.

Single Female

A female driver with 9-15 years of driving experience, one traffic violation, and who
drives 12,000 - 15,000 miles per year will pay, on average, $927.29

Married Couples

A married couple with one traffic violation who each drives 12,000 - 15,000 miles
per year will pay, on average, $1423.69

Florida

The following average car insurance rates are for Florida’s minimum requirements and are based on information from the Florida Office of Insurance Regulation’s CHOICES: Auto Rate Comparison Tool.

Single Female

A 25-year old single female with one traffic citation violation and one not-at-fault
accident, who drives an average of 12,000 miles a year will pay about $1364.72

Married Couple

A married couple (both 50 years of age) with a 20-year old son and an 18-year old
daughter will pay an average of $3027.23 per year.

Texas

This information is based on rates for the minimum liability coverage reported by 56 auto insurance providers to the Texas Department of Insurance’s online premium comparison tool.

Single Female

A single adult female over the age of 25 with an average credit rating, one traffic
violation, and who drives mostly to and from work can expect to pay $838.75.

Single Male

The average male driver over the age of 25 with one traffic violation, average
credit, and who drives mostly to and from work will pay $888.50.

Massachusetts

According to the Massachusetts Department of Consumer Affairs and Business Regulation, the averages paid for auto insurance policies are as follows.

Unmarried Adult

A single driver in their 30’s with a 2008 sedan seeking a policy for the state
minimum requirements will expect to pay $600.58.

Married Drivers

Married couples about 30 years of age, with two cars, an average commute, and
only one accident and one traffic violation between them, and higher than the
minimum liability requirement plus comprehensive coverage will pay an average of
$1667.31.

Disclaimer

All of the above information is just a reference tool to help guide your purchase of auto insurance. As stated above, there are many factors considered before determining a customer’s specific premium rate that these averages may not be what you can expect to pay in your specific state of residence or set of circumstances.