Jane Dotson
The cost of auto insurance for a few days will depend on a number of factors, including your age, location, driving history, and the type of car you drive.
According to a few sources, the average cost of car insurance in the U.S. is $194 per month for full coverage and $53 for minimum coverage. However, other sources state that the average cost of car insurance is $1,483 per year, or $124 per month.
It's important to note that these averages may not reflect the actual cost of insurance for a few days, as insurance policies are typically sold in six-month or annual increments. Additionally, the cost of insurance can vary significantly depending on individual factors.
What You'll Learn
Average car insurance costs for young drivers
Car insurance costs for young drivers are generally higher than for more experienced drivers. This is because younger drivers are seen as high-risk due to their lack of experience, and are therefore more likely to be involved in an accident.
The cost of car insurance for young drivers also varies depending on age and gender. For example, in the US, male drivers aged 20 and 25 pay around 11% and 5% more for car insurance than their female counterparts, respectively. By age 40, the national average full coverage car insurance cost for men is only 4% more than for women.
In the UK, the average yearly cost of car insurance for people who have held their licence for a year is £1,024. People who have had their licence for longer pay less on average. Drivers aged 17 to 19 always pay higher premiums for car insurance, at an average of £1,125 a year.
In the US, the average annual cost of car insurance for a 20-year-old driver with good credit and a clean driving record is $3,576 for full coverage and $1,023 for minimum required coverage.
There are ways to lower the cost of car insurance for young drivers, such as:
- Considering black box insurance, where your insurance provider monitors your driving behaviour and amends your premium based on how safely you drive.
- Choosing a smaller, less powerful car, as these are cheaper, safer to drive, and less attractive to thieves and vandals.
- Adding an experienced driver to your policy, as this reduces the risk for the insurance company.
- Parking your car in a locked garage or secure location, which keeps it safe from criminals and makes it less likely that you'll need to claim for theft or vandalism.
- Volunteering a higher excess fee, which indicates to insurers that you won't make any frivolous claims on your policy.
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Average car insurance costs for older drivers
The cost of car insurance is influenced by a variety of factors, including age, gender, driving history, credit score, and vehicle type. While it is challenging to determine the exact cost of auto insurance for a few days, we can examine the average costs for older drivers to get a sense of the price range.
On average, car insurance costs tend to decrease as individuals get older, reflecting a lower risk of claims. Drivers over 50 often pay less than those in their 30s and 40s and substantially less than drivers under 25. According to research by the Association of British Insurers (ABI) in 2021, drivers aged between 66 and 70 pay the cheapest premiums, which amount to just over a third of the average price of car insurance for 18-20-year-olds.
However, it's important to note that premiums generally start rising again for drivers in their 70s and those turning 80. This increase is attributed to statistics indicating a higher likelihood of accidents and insurance claims among older age groups.
In the United States, the average cost of car insurance for older adults can vary depending on their specific age group, gender, driving history, and other factors. Here are some estimates for different age groups:
- For 60-year-old drivers, the average annual cost of car insurance is around $1,718 for full coverage and $488 for minimum coverage, according to NerdWallet's analysis.
- For 70-year-old drivers, the average annual cost of car insurance is approximately $2,329 for full coverage and $633 for minimum coverage, as per Bankrate's research.
- For senior drivers, defined as married and 60 years old, the average annual cost is around $1,756 for females and $1,813 for males, according to US News.
It's worth noting that these estimates may not include specific insurance companies that cater to older drivers or reflect the impact of other factors such as driving history and vehicle type. Additionally, insurance rates can vary by state, with factors like accident frequency, cost of labor, and vehicle theft influencing premiums.
To obtain an accurate quote for a few days of auto insurance, it is advisable to contact insurance providers directly and inquire about their short-term or temporary insurance options, as well as provide details such as your age, driving history, and vehicle information.
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Average car insurance costs for high-risk drivers
High-risk car insurance is for drivers who are considered riskier than the average driver. This includes drivers with multiple tickets or accidents on their record, those convicted of a serious violation, those who have been caught driving uninsured, and drivers with bad credit. The cost of car insurance for high-risk drivers can be steep, but there are ways to cut costs.
Best Insurance Companies for High-Risk Drivers
State Farm is the best insurance company for high-risk drivers, though the best company could vary depending on your unique needs. Other good options include:
- Nationwide
- American Family
- Geico
- Travelers
Cheapest Car Insurance for High-Risk Drivers
Nationwide is the cheapest company for high-risk drivers, with an average annual premium of $209. USAA offers cheaper rates for those who are eligible, but membership is limited to military personnel, veterans, and their families.
Car Insurance for High-Risk Drivers by State
The amount that a high-risk driver will pay for car insurance depends on their location and driving profile. For example, a high-risk driver in Florida with a DUI on their record will pay $4,073 per year, while a driver with the same profile in Maine will pay $1,555.
How to Save Money on High-Risk Auto Insurance
- Take a defensive driving course
- Raise your deductible
- Bundle your auto and homeowners insurance
- Improve your credit score
- Ask about low-mileage discounts
- Drive cautiously to build a clean driving record
- Ask the insurance company about all available discounts
Typically, you will be considered a high-risk driver for three to five years, but this depends on the issue that caused you to be classified as high-risk. Serious violations like a DUI conviction may remain on your driving record for longer.
How to Get Cheap Car Insurance with a Bad Driving Record
- Comparison shop with both standard and non-standard insurance companies
- Look closely at rates and ensure you are comparing quotes for the same coverage amounts
- Ask about discounts
- Shop frequently, as insurers may change their rates over time
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Average car insurance costs by state
The cost of car insurance varies from state to state, with the national average for full coverage being $1,718 per year, or $143 per month, and the national average for minimum coverage being $488 per year, or $41 per month. However, these figures can vary widely depending on the state. For example, Wyoming's average full coverage annual rate of $972 is much lower than Florida's $3,067.
- Wyoming
- Vermont
- New Hampshire
- Idaho
- Ohio
And here is a list of the most expensive states for full coverage car insurance:
- Florida
- Louisiana
- Texas
- Rhode Island
- Kentucky
Some of the factors that influence the cost of car insurance in each state include the cost of living, the number of licensed drivers, traffic density, the percentage of uninsured drivers, weather conditions, and local claims history.
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Average car insurance costs by provider
The average cost of car insurance varies depending on the provider, with some of the cheapest rates being offered by Auto-Owners, Erie, and Geico. However, car insurance companies have their own proprietary underwriting systems, so the cost of car insurance for each individual will vary.
| Company | Annual Full Coverage Premium | Monthly Full Coverage Premium | Annual Min Coverage Premium | Monthly Min Coverage Premium |
|---|---|---|---|---|
| Auto-Owners | $1,628 | - | - | - |
| Erie | $1,838 | $153 | $864 | $72 |
| Geico | $1,716 | $143 | $488 | $41 |
| USAA* | $1,412 | $118 | - | - |
USAA is only available to military, veterans, and their families.
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Frequently asked questions
Auto insurance for a few days is typically charged as short-term or temporary car insurance. The cost of short-term car insurance varies depending on factors such as the driver's age, location, vehicle type, and driving history. On average, temporary car insurance can range from $7 to $15 per day. However, it is important to note that the cost may differ based on the insurance company and the specific coverage options selected.
Auto insurance for a week typically falls under the category of short-term or temporary car insurance. The cost can vary depending on factors such as the driver's age, location, vehicle, and driving record. On average, temporary car insurance can range from $7 to $15 per day. The final cost will depend on the insurance company and the coverage options selected.
The average cost of auto insurance per month varies depending on the coverage level. For minimum coverage, the national average is around $72 per month, while for full coverage, the average cost is approximately $223 per month. These averages can serve as a reference, but the actual cost may differ based on individual factors and insurance providers.
