For the US car insurance comparison, we will explain different car insurance and coverages with a few policy examples. These samples were selected from different age groups, marital status, and other conditions. Thanks to these examples, we can Compare car insurance quotes and premiums for 2024. Additionally, we will explain What Factors Affect Rates.
In auto insurance, insurers evaluate your risk and the likelihood you will file a claim. This is referred to as underwriting a risk. Therefore once your level of risk has been determined, the insurer will group you with policyholders who have similar risk characteristics. Then, the insurer will assign a rate based on the claims history for your risk group.
What Factors Impact Rates?
To get cheap car insurance, you need to know the factors that affect prices. The most common factors that impact car insurance rates in 2024 are:
1- Driving record
If your driving record is less than perfect, you will be considered a higher risk and will pay a higher premium.
2- Geographic area
The number of claims filed by policyholders in your area will also affect the rates charged by insurers.
3- Gender and age.
Statistics show that males and young adults have a higher incidence of accidents and claims. Therefore, your gender and age will determine your rate.
4- Marital status
Married individuals have a lower incidence of accidents and claims. So they generally pay lower premiums than single people.
5- Prior insurance coverage
Any period (s) that you did not carry auto insurance will affect your premium.
6- Annual mileage
Insurers will calculate your premium based on the average distance you drive on an annual basis.
7- Make and model of car
Premiums are also based on your car’s make/model and value.
8- Credit history
Some, but not all, insurers use your credit history (good or bad) as a factor in determining your premium.
Car Insurance Types in 2024
Full PIP Car insurance:
Covers you and members of your family residing with you who may be injured in a motor vehicle accident, anyone else injured while in your vehicle, and pedestrians injured by your vehicle.
Limited PIP Car insurance:
Eliminates coverage for you, your family members 16 years of age or older who reside with you, and any listed drivers on the policy. So anyone else injured while in your vehicle and pedestrians injured by your vehicle will continue to be covered. Limited PIP premiums are typically 40% of Full PIP premiums. Therefore You must sign a waiver form to obtain Limited PIP.
Uninsured Motorist (UM) Car insurance:
Protects you if a hit-and-run driver or someone without insurance causes damage to your property or injures you or your passenger(s). Comprehensive coverage pays for damage to your car resulting from causes other than an accident, such as vandalism or theft.
Collision coverage auto insurance:
Pays to repair your vehicle or what your vehicle was worth right before an accident occurred (if your insurer determines the car is totaled), regardless of who caused the accident.
Compare quotes and premium Scenarios in 2024
Not everyone can afford to pay their insurance premiums upfront. Therefore, many insurers offer installment plans. In addition, your premium may also be financed by a premium finance company, which finances premiums in exchange for a consumer’s agreement to pay interest and service fees. Below we will describe the different coverages and premiums with a few examples of policies. These samples were selected from different age groups, marital status, and other conditions. Thanks to these examples, we can compare the premiums, coverages, and quotes for 2024.
USA car insurance comparison: Young Single quotes and premiums
Young Single Male auto insurance sample
| Detail | premium |
| Young Single Male, Age 19. Rents an apartment. Drives a 2014 Honda Accord EX-L 6 CYL 4DR. Drives 20 miles each day total for work. So Drives 15,000 miles annually. No accidents or violations in past three years. Also No credit history (where applicable). No companion policy discount. | Liability $30,000/$60,000/$15,000 Full PIP $2,500 UM $30,000/$60,000/$15,000 Comprehensive $250 deductible Collision $500 deductible |
Young Single Female auto insurance sample
| Detail | premium |
| Young Single Female, Age 19. Rents an apartment. Drives a 2008 Toyota Camry SE Sedan 4DR. Drives 20 miles each day total for work. So Drives 15,000 miles annually. No accidents or violations in past three years. Also no credit history (where applicable).No companion policy discount. | Liability $30,000/$60,000/$15,000 Full PIP $2,500 UM $30,000/$60,000/$15,000 Comprehensive $250 deductible Collision $500 deductible |
Best cheap car insurance for new drivers
USA car insurance comparison: Single quotes and premiums
Sample Single Male car insurance quotes
| Detail | premium |
| Single Male, Age 50. Homeowner. Drives 2017 Ford F-250 XLT 4×4 4DR Crew Cab Gas 164 WB Drives 60 miles each day total for work. Drives 25,000 miles annually. Also, second vehicle – 2012 Honda CR-V EX AWD For pleasure use only – Drives 3,000 miles annually. Garage kept. No accidents or violations in past 3 years. Best credit history (where applicable). Receives companion policy discount. | Liability $100,000/$300,000/$100,000 Full PIP $2,500 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible |
| Single Male, Age 50. Homeowner. Drives 2017 Ford F-250 XLT 4×4 4DR Crew Cab Gas 164 WB Drives 60 miles each day total for work. Drives 25,000 miles annually. Also, the second vehicle – a 2012 Honda CR-V EX AWD For pleasure use only – Drives 3,000 miles annually. Garage kept. No accidents or violations in the past 3 years. Best credit history (where applicable). Receives companion policy discount. | Liability $100,000/$300,000/$100,000 Full PIP $2,500 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible |
Sample Single-female car insurance quotes
| Detail | premium |
| Single Female, Age 40. Homeowner. Drives a 2016 Toyota Prius C Hatchback 4DR. Drives 40 miles each day total for work. So drives 15,000 miles annually. No accidents or violations in past 3 years. Best credit history (where applicable). Receives companion policy discount. | Liability $100,000/$300,000/$100,000 Full PIP $2,500 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible |
| Single Female, Age 65. Renter (retired). Drives a 2015 Honda Accord Coupe LX 2.4L/4CYL. Drives 5,000 miles annually – pleasure use. No accidents or violations in past 3 years. And best credit history (where applicable). No companion policy discount. | Liability $100,000/$300,000/$100,000 Full PIP $2,500 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible |
USA car insurance comparison: Family quotes and premiums
Family auto insurance rates sample 1
| Detail | premium |
| Family Rate — Premiums include coverage for two vehicles and two drivers, with a multi-car discount and a companion homeowners discount (where available). 1- Married Male, Age 65. Drives a 2015 Jeep Grand Cherokee Altitude 4×4. Drives 20 miles each day total for work. So drives 20,000 miles annually. No accidents or violations in the past 3 years. Best credit history (where applicable). 2- Married Female, Age 65. Drives a 2016 Lexus Does not work. Drives 5,000 miles annually. No accidents or violations in past 3 years. Best credit history (where applicable). | Liability $100,000/$300,000/$100,000 Full PIP $2,500 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible |
| Family Rate — Premiums include coverage for two vehicles and two drivers, with a multi-car discount and a companion homeowners discount (where available). 1- Married Male, Age 65. Drives a 2015 Jeep Grand Cherokee Altitude 4×4. Drives 20 miles each day total for work. So drives 20,000 miles annually. No accidents or violations in past 3 years. Best credit history (where applicable). 2- Married Female, Age 65. Drives a 2016 Lexus Does not work. Drives 5,000 miles annually. No accidents or violations in past 3 years. Best credit history (where applicable). | Male: Liability $250,000/$500,000/$100,000 Full PIP $2,500 UM $250,000/$500,000/$100,000 Comprehensive $250 deductible Collision $500 deductible Female: Liability $250,000/$500,000/$100,000 Full PIP $2,500 UM $250,000/$500,000/$100,000 Comprehensive $260 deductible Collision $500 deductible |
Family auto insurance rates sample 2
| Detail | premium |
| Family Rate — Premiums include coverage for two vehicles and two drivers, with a multi-car discount and a companion renters discount (where available). 1- Married Male, Age 50. Drives a 2017 Toyota Avalon Hybrid XLE Drives 60 miles each day total for work. Drives 35,000 miles annually. One at-fault accident 15 months ago with a claim paid in excess of $10,000. Best credit history (where applicable). 2- Married Female, Age 50. Drives a 2008 Toyota Camry SE Sedan 4DR Does not work. Drives 5,000 miles annually. No accidents or violations in past 3 years. Best credit history (where applicable). | Male: Liability $100,000/$300,000/$100,000 Full PIP $2,500 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible Female: Liability $100,000/$300,000/$100,000 Full PIP $2,550 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible |
| Family Rate — Premiums include coverage for two vehicles and three drivers, with a multi-car discount and a companion homeowners discount (where available). 1- Married Male, Age 44. Drives a 2012 Jeep Grand Cherokee 4WD and drives 60 miles each day total for work. Drives 35,000 miles annually. No accidents or violations in the past 3 years. Worst credit history (where applicable). 2- Married Female, Age 44. Drives a 2015 Toyota Camry Does not work. Drives 5,000 miles annually. No accidents or violations in the past 3 years. Best credit history (where applicable). 3- Young Single Male, Age 17. Does not have his own vehicle – he is an occasional driver of the vehicles. Speeding ticket 6 months ago – 10 miles over the speed limit. | Male: Liability $100,000/$300,000/$100,000 Full PIP $2,500 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible Female: Liability $100,000/$300,000/$100,000 Full PIP $2,500 UM $100,000/$300,000/$100,000 Comprehensive $250 deductible Collision $500 deductible |
