How Much Is a Car Insurance Premium in 2024?

A car insurance premium is what you shell out to your auto insurance company to keep you and your vehicle covered. The insurer figures out this cost based on their assessment of how likely you are to file a claim or have someone else claim against you if you cause an accident. How Much Is a Car Insurance Premium in 2024 article will list some price of Car Insurance Premium in 2024.

How Much Is a Car Insurance Premium in 2024?

In 2024, the average annual cost for car insurance was around $1,759, which breaks down to about $147 a month. Here are some other national averages for 2024, categorized by coverage types and age groups, sourced from The Zebra.

StateState Minimum LiabilityFull Coverage
Alabama$272$886
Alaska$243$925
Arizona$306$876
Arkansas$310$1,059
California$305$966
Colorado$282$1,090
Connecticut$451$981
Delaware$460$1,059
Florida$413$1,462
Georgia$370$991
Hawaii$231$704
Idaho$183$599
Illinois$257$758
Indiana$203$633
Iowa$136$679
Kansas$239$895
Kentucky$461$1,284
Louisiana$463$1,351
Maine$211$620
Maryland$457$1,009
Massachusetts$230$709
Michigan$452$1,088
Minnesota$296$853
Mississippi$271$907
Missouri$298$959
Montana$184$899
Nebraska$198$909
Nevada$426$1,114
New Hampshire$208$641
New Jersey$473$1,022
New Mexico$224$814
New York$491$1,086
North Carolina$229$574
North Dakota$198$778
Ohio$192$590
Oklahoma$232$949
Oregon$353$755
Pennsylvania$252$889
Rhode Island$466$1,164
South Carolina$367$1,012
South Dakota$133$804
Tennessee$225$759
Texas$366$993
Utah$329$809
Vermont$166$592
Virginia$299$757
Washington$395$910
Washington, D.C.$400$1,106
West Virginia$260$855
Wisconsin$199$691
Wyoming$156$794
Average 6-Month Insurance Premiums

Full coverage in this context means having liability limits set at 50/100/50, along with comprehensive and collision coverage that comes with a $500 deductible.

Age GroupAverage 6-Month PremiumAverage Monthly Premium
16-19$2,670$445
20s$1,142$190
30s$872$145
40s$834$139
50s$777$130
60s$785$131
70s$903$151
Averages Rates by Age Group

Conclusion

Car insurance premiums are the amount you decided to pay for your auto coverage when you got your policy. To keep those costs manageable, it’s smart to compare rates annually. You can also lower your premiums by paying on time, increasing your deductibles, and ensuring your insurance company has your latest information.