Car Insurance Calculator: Get Instant Rate Estimates

Our car insurance coverage calculator helps you determine how much car insurance you should buy. Before calculating your car insurance estimate, use the tool to determine the best coverage levels for you. The amount of liability insurance you buy and whether or not you opt to include comprehensive and collision coverage can have a major effect on how insurance companies calculate your rates.

Car insurance companies calculate your rates by analyzing risk factors that predict how likely you are to file a claim. Since each company weighs these factors differently, car insurance calculator estimates can vary between providers for identical coverage. The factors below are used to calculate your car insurance rate.

Your car insurance rate estimate is most impacted by your insurance company choice. Our data shows that estimates can vary by as much as $118 for identical coverage between the most expensive insurer (AIG at $215 per month) and the cheapest (Travelers at $97 per month) due to varying business models and risk assessment approaches. 

Regional insurers often have lower operating costs and companies with specialized policies like pay-per-mile insurance can offer lower rates.  Each insurer also develops unique discount structures that can reduce premiums by 5% to 40%.

*Estimates are calculated for a 40-year-old driver with good credit and no driving violations insuring a 2012 Toyota Camry.

Read More: If you are comparing car insurance companies or considering switching providers, start with car insurance calculator estimates in the tool above and then compare auto insurance reviews of our top-rated companies to find the lowest rate.

Car insurance estimates vary by age and gender. Car insurance for a 16-year-old driver costs an average of over $450 more per month than that of a 60-year old driver for the same coverage. Car insurance estimates follow a U-shaped curve and are highest for policyholders under 25, lowest for middle-aged drivers (30 to 60), then gradually increase for seniors over 70.

Read More:  See the cheapest car insurance rates for seniors, teens, colleges students and car insurance rate estimates by age: 16-year olds, 17-year olds, 18-year olds, 19-year olds, 20-year olds, 21-year olds, 22-year olds, 23-year olds, 24-year olds and 25-year olds

Your car insurance estimate varies by your location, with major changes to how your rates are calculated across state lines and in areas with denser populations. For example, car insurance in New York, a state with high-risk urban areas, costs almost $200 more per month than Wyoming, a rural state with lower driving risk. 

Risk factors associated with more dense populations, such traffic density and accident frequency, are a major component used for calculating car insurance rates. But geographic, social and political factors such as crime rates, weather patterns and state regulations are also very important. Each state also sets different minimum coverage requirements and more coverage increases your rate estimate.

Read More: Learn more about estimated car insurance rates by state.

Your vehicle choice directly impacts calculator estimates through repair costs, safety ratings, theft statistics and vehicle value. MoneyGeek found that a policy for the most expensive car to insure in 2025, a BMW 330i, cost almost $800 more per month than the cheapest, a 2025 Subaru Forester. 

Luxury vehicles have higher estimates because of expensive replacement parts and sports cars have higher estimates due to increased performance-related risk profiles.  Older cars have lower car insurance estimates than newer cars due to differences in value.

Read more:  See our analysis or car insurance rates by make and model.  If you are shopping for a new car, see our analysis of the cheapest cars to insure before estimating your car insurance rates.

Car insurance calculator estimates vary depending on the coverage level you select. A policy with maximum allowable full coverage is estimated to cost an average of almost $400 more per month than buying the absolute minimum coverage.

 Minimum coverage liability-only car insurance has fewer required coverages and costs less than full coverage car insurance, which protects you against damages to your car, not just damage you cause to others.   Higher deductibles result in lower car insurance estimates but mean higher out-of-pocket costs when filing claims.

*Estimates are calculated for a 40-year-old driver with good credit and no driving violations insuring a 2012 Toyota Camry. Maximum coverage refers to a 300/500/300 limit of liability coverage and a $1000 deductible for comprehensive and collision insurance.
Read More:  See our guide to the cheapest full coverage car insurance and cheapest liability-only car insurance.

Your personal driving history and creditworthiness directly impact calculator estimates. Driving record violations like accidents, speeding tickets and serious offenses like DUIs can increase your estimated car insurance rate.

Your credit score can greatly affect rate calculation estimates. Insurance companies use credit-based insurance scores, their internal equivalent to credit scores, as a rating factor because studies show correlation between credit scores and claim frequency. Lower credit scores mean higher car insurance calculator estimates. However, California, Hawaii, Massachusetts and Michigan prohibit insurers from using credit scores when calculating car insurance rates.

Read more: See our guide to the best cheap car insurance after an accident or the best cheap option for drivers with bad driving records.  If you have a poor credit score, find the cheapest car insurance with bad credit.

MoneyGeek’s car insurance calculator helps you calculate premiums based on location, vehicle type, driving record and coverage preferences. Before using the car insurance calculator, determine your coverage level and conduct cost research to ensure you compare quotes with similar protection.

Here are answers to common questions about using a car insurance calculator and estimating your premium.

MoneyGeek's car insurance calculator provides estimates based on an analysis of 83,056 quotes from 46 insurers across 473 ZIP codes nationwide. All rates are updated monthly, with the most recent update on July 8, 2025.

Car Insurance Calculator Data Collection

To generate accurate car insurance estimates, we partnered with Quadrant Information Services to collect premium data from state insurance departments. This dataset allows our calculator to account for rate variations between providers, locations and driver profiles.

How We Calculate Your Car Insurance Estimate

Our calculator uses the following factors to calculate your car insurance estimate.

• Age and gender: Estimated rates reflect typical risk profiles for different age groups and genders
• Vehicle make and model: Accounts for safety ratings, repair costs and theft statistics
• Location: Includes state requirements, traffic patterns and local risk factors
• Coverage level: Shows estimated car insurance rates for multiple coverage options
• Driving history: Adjusts car insurance estimates for clean records versus those with violations or accidents
• Credit profile: Reflects how credit scores impact estimate car insurance rates, where legally permitted

How We Calculate Credit Tiers

Our calculator divides credit scores into four tiers:

• Excellent: 800 to 850 (lowest premiums)
• Good: 740 to 799
• Average: 670 to 739
• Poor: 300 to 669 (highest premiums)

Our calculator omits this factor in states where credit-based insurance scoring is prohibited (California, Hawaii, Massachusetts, Michigan and Washington).

How We Calculate Car Insurance by Vehicle Type

We categorized cars based on:

• Body style: Sedan, SUV, truck, minivan, sports car or luxury vehicle
• Age: Current model year through 15+ years old
• Safety features: Standard and optional safety equipment
• Replacement cost: Based on current market value
• Claim frequency: Historical data on how often each model is involved in claims

Each category receives a risk multiplier that adjusts the base premium.

How We Calculate Car Insurance Liability Limits

Our calculator offers four liability coverage options:

• Minimum: State-required liability limits only (varies by location)
• Standard: 50/100/50 ($50,000 bodily injury per person, $100,000 per accident and $50,000 property damage)
• Recommended: 100/300/100 ($100,000/$300,000/$100,000)
• Premium: 250/500/250 ($250,000/$500,000/$250,000)

Rate calculations factor in the cost of higher coverage limits, which typically becomes more cost-effective at higher tiers.

How We Calculate Deductibles

Deductible options for comprehensive and collision coverage include:

• $250: Higher premium, lower out-of-pocket cost for claims
• $500: Balanced premium and out-of-pocket cost (used for our standard full coverage calculations)
• $1,000: Lower premium, higher out-of-pocket cost for claims
• $2,000: Lowest premium, highest out-of-pocket cost

Deductible calculations are based on the likelihood of filing claims and how deductible amounts affect insurer risk.

Limitations of the Car Insurance Calculator

While our calculator provides accurate estimates, your final premium may vary based on your circumstances and each insurer's rating algorithms. Work with car insurance providers directly with your complete driver profile for the most precise quotes.