Am I overpaying for car insurance?

How much is normal car insurance?

The average US car insurance premium is $2,150/year for full coverage (Bankrate 2024). Age is the biggest factor — drivers under 25 pay 2–3x more than drivers 35–50.

Average annual car insurance by age (US, full coverage)

• 18–25: $3,800/year
• 26–35: $2,100/year
• 36–50: $1,800/year
• 51–65: $1,700/year
• 65+: $1,900/year (rates increase again)

Factors affecting your rate

• Age & driving history: Clean record = 20–40% lower
• Location: Urban vs. rural, state regulations
• Vehicle type: Sports cars cost 30–50% more to insure
• Coverage level: Liability-only averages $700/year less