Car Insurance Quotes

Last Updated on May 29, 2023

No matter who you are, if you plan to drive a vehicle in the United States, you must have proper car insurance. Not only will it protect you and your family from expensive disasters on the road, but it is required by law! Car insurance will not only financially protect you from the perils of the road (collisions, theft, vandalism, natural disasters, etc.), but it will also protect other drivers on the road, thus limiting your liability. This is why having auto insurance is so important.

Yes, car insurance is a required expense for everybody who wants to drive in the United States. But, just because it is an expense does not mean it needs to be expensive. You can save money on this otherwise difficult-to-afford service by getting car insurance quotes from multiple companies.

This is where Insurance Panda comes in. We realize that shopping around on all insurance sites can be quite tiring and time-consuming. So, we do this for you – we consolidate all these quotes to simplify the whole process. Instead of running around getting quotes from every insurance site and company on the internet, you can just come to us and get quotes from all of them here.

Key Takeaways:

• Car insurance is mandatory for all drivers in the United States and provides financial protection in case of accidents, theft, vandalism, and natural disasters. It also limits your liability and protects other drivers on the road.
• While car insurance is an expense, it doesn’t have to be expensive. You can save money on this necessary service by obtaining quotes from multiple companies.
• Insurance Panda offers a car insurance quote comparison tool that simplifies shopping for insurance. By entering your zip code and filling out a simple form, you can receive quotes from top insurance providers, making it easier to compare rates and choose the most affordable option.
• Several factors affect car insurance rates, including the value and type of your vehicle, safety ratings and features, repair costs, your location, driving record, credit score, and various discounts. Understanding these factors can help you make informed decisions and potentially lower your insurance premiums.

How Does Insurance Panda Work?

The Insurance Panda car insurance quote comparison tool will connect you to the top insurance providers in the United States. By entering your zip code at the top of this page, you will be brought to our brief questionnaire asking about yourself and the vehicle you wish to insure. After filling out this simple two-page form, you will be given quotes from the top insurance providers.

It’s a Three-Step Process:

1. Enter your zip code
2. Fill out our brief two-page form
3. Compare rates and choose the cheapest one

Watch This Video to Get a Better Idea:

It works like this – once you give us your basic information, we send it to the insurance companies fighting for your business. They will run their risk assessment calculations and shoot their quotes back to us. We will then present them to you so you can decide which company to go with.

This is the most painless way to shop for auto insurance as a consumer. Let us do all the heavy lifting for you and get the insurance companies scrambling for your business. Remember – the consumer always gets the best price when the competition is fierce.

How Are Your Car Insurance Quotes Calculated?

As mentioned above, the Insurance Panda quote tool will calculate your insurance quote for you. But how exactly are these insurance rates determined? Which factors can play a role in determining your auto insurance rates?

The Major Factors that Can Determine Your Rates

Car insurance companies consider thousands of factors when calculating car insurance premiums. Here are some of the most important factors that go into your premiums:

Your Vehicle’s Value

Certain types of vehicles are more expensive to insure than others. For example, a Maserati is generally more expensive to insure than a Honda Civic. Your vehicle’s value can significantly raise your collision coverage and comprehensive coverage premiums: it costs more to repair a higher-end vehicle, and these costs get passed from the insurer to the policyholder.

Your Vehicle Type and Size

The size and type of your vehicle can impact your liability insurance premiums. Why? Well, certain cars can cause more damage than others. A Ford F-350 driving at 65mph can cause significant damage to anything it encounters, for example, while a Ford Fiesta will not.

Your Vehicle’s Safety Rating

Your vehicle’s safety rating can also impact insurance premiums. Your insurer may be required to pay for medical bills after an accident. Your insurer may also need to cover death benefits for you or your passengers. A vehicle with a good safety rating is less likely to leave passengers dead or seriously injured, which can reduce costs for insurers.

Your Vehicle’s Safety Features

Similar to the point above, vehicles with extensive safety features cost less to insure than those without. For example, you may pay lower insurance premiums if your vehicle has passenger and side airbags.

Repair Costs

Certain vehicles are more expensive to repair than others. Popular models, including major domestic and important models, are the cheapest to repair. Repair shops have plenty of parts on hand and firsthand experience dealing with these types of vehicles. An exotic, less-popular vehicle is more expensive to repair. It may need to visit a specialty repair shop, for example. That means higher repair costs for your insurer and higher premiums for you.

Your State

Insurance laws in the United States are governed at the state level. Today, drivers in the most expensive states pay 2x to 3x as much for car insurance as drivers in the least expensive states. For example, certain states, including Maine, North Carolina, and Virginia, are consistently among the cheapest states for car insurance, with drivers paying less than $600 per year on average. Other states, like Michigan, Louisiana, and Florida, are all some of the most expensive states for car insurance, with drivers paying over $1,200 per year. Why is there such a big difference? Some states use no-fault insurance systems. Others require higher or lower coverage limits. Some states have high rates of accidents, bad weather, or insurance fraud.

The following table shows the liability requirements and average insurance rates by state. The states with higher insurance requirements usually have higher average insurance rates. Note that the requirements are presented in a three-number format (i.e., 30/50/30). Using this format, 30/50/30 means you must carry $30,000 bodily injury liability coverage (BIL) per person, $50,000 BIL per accident, and $30,000 in property damage liability coverage.

State	Insurance Requirements	Avg Min Coverage Rates ($)	Avg Full Coverage Rates ($)
Alabama	25/50/25	483	1,713
Alaska	50/100/25	426	1,325
Arizona	15/30/10	596	1,869
Arkansas	25/50/25	495	1,914
California	15/30/5	636	2,065
Colorado	25/50/15	636	2,016
Connecticut	25/50/20	891	2,168
Delaware	25/50/10	839	2,389
Florida	10/20/10	1,101	3,230
Georgia	25/50/25	773	2,201
Hawaii	20/40/10	345	1,127
Idaho	25/50/15	337	1,018
Illinois	25/50/20	484	1,485
Indiana	25/50/25	372	1,254
Iowa	20/40/15	293	1,260
Kansas	25/50/25	462	1,698
Kentucky	25/50/25	802	2,128
Louisiana	15/30/25	912	3,348
Maine	50/100/25	312	965
Maryland	30/60/15	872	2,131
Massachusetts	20/40/5	429	1,262
Michigan	20/40/10	1,104	2,691
Minnesota	30/60/10	557	1,643
Mississippi	25/50/25	508	1,782
Missouri	25/50/25	491	1,715
Montana	25/50/20	386	1,589
Nebraska	25/50/25	364	1,481
Nevada	25/50/20	827	2,246
New Hampshire*	25/50/25	312	965
New Jersey	15/30/5	865	2,324
New Mexico	25/50/10	462	1,498
New York	25/50/10	867	2,321
North Carolina	30/60/25	372	1,254
North Dakota	25/50/25	298	1,269
Ohio	25/50/25	368	1,034
Oklahoma	25/50/25	507	1,873
Oregon	25/50/20	741	1,765
Pennsylvania	15/30/5	427	1,476
Rhode Island	25/50/25	759	2,110
South Carolina	25/50/25	557	1,787
South Dakota	25/50/25	300	1,542
Tennessee	25/50/15	413	1,399
Texas	30/60/25	693	2,050
Utah	25/65/15	636	1,566
Vermont	25/50/10	343	995
Virginia	25/50/20	413	1,304
Washington	25/50/10	693	1,589
West Virginia	25/50/25	491	1,456
Wisconsin	25/50/10	364	1,239
Wyoming	25/50/20	298	1.577
*Note that auto insurance isn’t required in NH. If you do buy a policy, however, the minimum coverage you can buy is 25/50/25.

Your ZIP Code

Certain ZIP codes have higher rates of break-ins and vandalism than other neighborhoods. Some ZIP codes have high accident rates or fatality rates. Your ZIP code plays a significant role in calculating insurance premiums.

Where You Park Your Car at Night

Where do you park your car at night? Is it stored in a locked garage? Or is it parked on the street? Many insurance companies offer discounts based on your vehicle’s parking location.

Your Coverage

Do you want the bare minimum liability coverage that lets you legally drive on the road? Or do you want full coverage with high limits? Most states only require you to have property damage and bodily injury liability coverage. Many drivers, however, opt for full coverage car insurance, which includes liability, collision, and comprehensive coverage. Adding collision and comprehensive coverage can cause rates to double or triple.

Your Driving Record

A driver with a long history of safe driving will pay less for car insurance than a driver with two at-fault claims in the last five years. Insurers check your driving history to determine your risk as a driver. Generally, your driving history only goes back five to seven years. However, more severe violations – like DUIs or reckless driving citations – may last ten years. The more speeding tickets, citations, accidents, and claims you have on your record, the more you’ll pay for car insurance.

Your Credit Score

Yes, your credit score impacts car insurance premiums. Insurers use something called your credit-based insurance score to assess your insurance premiums. Drivers with a higher (better) credit score will always pay less for car insurance than drivers with a lower (worse) credit score, all other things being equal.

Discounts

Some drivers qualify for an extensive range of discounts, while others won’t qualify for any. Homeowners can enjoy bundling discounts, for example, and students can earn good grade discounts. Most insurance companies offer dozens of discounts, so check with your insurer to see if you qualify.

Your Age

It’s no secret that younger drivers pay higher rates for car insurance. On average, drivers in their teens pay around $3,500 per year for car insurance. As you get older and gain more experience, car insurance premiums gradually drop. Assuming you maintain a clean record, you’ll pay your lowest insurance rates between ages 30 and 70. However, insurance premiums may rise slightly as you move into your 70s and 80s.

Marital Status

Married drivers pay less for car insurance than single drivers, especially at a younger age. Statistics show that married drivers are less likely to make a claim, which makes them less risky to insure.

Homeowner Status

Renters generally pay higher insurance premiums than homeowners. with most insurers, this difference isn’t significant (about $30 to $50 per year). However, homeowners can also take advantage of homeowners’ insurance bundling opportunities to save even more money.

Education

Statistics show that drivers with post-secondary degrees are less likely to make a claim. They’re safer drivers who are less risky to insure. The more education you have, the more you’ll save. For example, a driver with a high school diploma will pay less than a driver without one. Rates continue dropping as you get a bachelor’s degree, master’s degree, and Ph.D.

Telematics and Driver Tracking Systems

Today, most major insurance companies in America offer some driver tracking or ‘telematics’ system. If you agree to use this system, the insurance company could drop rates as much as 25% based on your safe driving habits. You install a tracking device that analyzes your mileage, driving times, braking and acceleration, and more. Based on this data, the insurance company will charge customized premiums.

Violations

Speeding tickets, DUIs, and other incidents will significantly impact insurance premiums. A single DUI, for example, could raise insurance premiums as much as 50%, and DUIs remain on your record for up to ten years. Less serious violations, like speeding tickets, may also impact premiums, although not as much.

Annual Mileage

The average American drives approximately 10,000 miles annually (although this figure varies by region). Insurance companies will assume you drive the average number of miles per year and will charge you based on that number. However, some people are retired or work from home. Others bike or walk to work. In this case, your annual mileage may be significantly less than the average.

Driving Times

Some people only drive outside of rush hour. If you work from home, for example, you might prefer to shop during the day and get out on weekends. You avoid the 9 to 5 rush hour chaos. This significantly lowers your risk of making a claim. Insurance companies may consider this information when calculating insurance premiums.

To learn more about how to save on your insurance and which factors affect your insurance rates, explore the insurance guide at InsurancePanda.com. We will equip you with all the tools you need to make an informed decision about your auto insurance coverage.

Frequently Asked Questions About Insurance Quotes

Are You Ready to Save on Your Auto Insurance Premiums?

Let Insurance Panda work for you. Click “Get a quote now” below or scroll back up to the top of this page and enter your zip code to begin. Our quote comparison tool is quick and straightforward. Remember – with Insurance Panda, insurance has never been so black and white.