Car Insurance Calculator

What Affects Your Car Insurance Rate?

Age

Young drivers (under 25) pay the highest rates — statistically, they're involved in more accidents. Rates typically peak at 16–19, drop significantly by 25, and remain relatively stable through your 50s before rising slightly again after 70.

Driving Record

This is the biggest controllable factor. A single at-fault accident can raise your premium 20–50% for 3–5 years. A DUI can double or triple your rate. Keeping a clean record is the single best way to keep premiums low.

Vehicle Type

Sports cars and luxury vehicles cost more to insure because they cost more to repair and are more likely to be stolen. Sedans and minivans are generally the cheapest to insure. EVs cost more due to expensive battery repairs.

Coverage Level

State minimum liability-only coverage is cheapest, but leaves your own vehicle unprotected. Full coverage (liability + collision + comprehensive) adds significant protection and is typically required if you have a car loan. The right level depends on your vehicle's value and your financial situation.

Credit Score

In most states, insurers use your credit score as a rating factor. Statistically, people with lower credit scores file more claims. Moving from poor to good credit can save 20–30% on your premium.

Annual Mileage

The more you drive, the higher your accident exposure. Low-mileage drivers (under 7,500 miles/year) can qualify for discounts with many insurers. Usage-based programs that track your actual driving can offer meaningful savings if you drive safely and infrequently.

How to Lower Your Car Insurance Premium

• Bundle with home or renters insurance (save 5–15%)
• Raise your deductible from $500 to $1,000 (save 10–20%)
• Ask about good student, good driver, and low-mileage discounts
• Drop collision/comprehensive on older vehicles worth less than $4,000
• Improve your credit score over time
• Shop and compare quotes every 1–2 years