Average Cost of Car Insurance in 2022

What is the average car insurance cost in the U.S.? We break down average insurance rates by vehicle segment to find out what the overall average cost of insurance really is.

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Since the beginning of the automobile, the most popular question asked by drivers is “How much does car insurance cost?”. Financially-savvy consumers ask this question BEFORE buying a car in order to avoid sticker shock when the first insurance bill arrives.

When we get asked about the average cost of car insurance, it’s really a very vague term because the intent of the person wanting an answer could mean any of the following:

  • Average cost of insurance for EVERY vehicle model
  • Average cost of insurance for EVERY car insurance company
  • Average cost for a specific model like a Honda CR-V or Ford F-150 pickup
  • Average cost for a specific segment of vehicles like luxury sedans or compact SUVs
  • Average cost for a specific driver profile like teenagers, seniors, or drivers with a prior DUI
  • Average cost for policies with only liability insurance
  • Average cost for residents of California, or even more specifically, San Diego

We could go on and on with this list, drilling down deeper with each item. Each one is more specific than the one before it, but each ultimately does result in a valid average cost despite being completely different.

Factors that impact average car insurance cost

Here’s an example of the types of factors car insurance companies use when developing auto insurance prices. Each of the following rating factors would trigger a premium price change (either positive or negative) and we indicate how rates would be affected.

  • 33-year-old driver – cheaper than a younger driver, not as cheap as an older driver
  • Male – more expensive than females
  • Married – cheaper than single (marriage settles you down you know)
  • Honda Accord – better than average rates for a midsize sedan
  • 2016 model year – older model year so cheaper than a new model
  • Credit score of 822 – In most states, car insurance is cheaper with excellent credit
  • Owns his home – demonstrates financial responsibility so rates go down
  • Has homeowners insurance with same company – policy bundling saves money
  • Same insurance for 10 years – may earn a loyalty discount
  • Occupation is a teacher – may earn a professional discount
  • One speeding ticket – traffic violations increase rates
  • No prior claims – may earn a claim-free discount
  • Also insures a 2007 Ford F-150 – earns multi-vehicle discount
  • Lives in South Carolina – Cheaper than most states for car insurance
  • Lives in Charleston – Higher rates than some more rural areas
  • Lives in 29407 Zip Code in Charleston – Even higher rates due to higher property crime rate

That’s 16 different factors and that’s not even close to a comprehensive list. But it should give you a better idea of how many variables go into calculating car insurance rates and how broad the term “average cost of car insurance” actually is.

For the purpose of this article, we are going to use the KISS principle (Keep It Simple, Stupid) and present the average cost of car insurance from a very broad standpoint.

What we mean by “average car insurance cost”

Just so you (the reader) are clear on what we are presenting when we say average car insurance cost, here are the assumptions used in the tables below. Average car insurance rates are based on the following:

  • The rated driver is a 40-year-old male with a clean driving record
  • When full coverage rates are used, comprehensive and collision deductibles are both $500
  • Rates are averaged across all U.S. states
  • For each specific vehicle model, rates are averaged for all trim levels

Female readers might be shouting sexism that we are using a male driver instead of a female driver for our average rates, but take solace in the fact that your rates generally cost less. We all know men tend get a little more aggressive behind the wheel (blame the testosterone), so for that reason they pay a little more for car insurance.

So without further ado, let’s get into the meat of this article and get you some average rates!

How much is average car insurance cost?

The average cost of car insurance for 2022 in the U.S. is currently $1,551 per year for full coverage. Rates range from an average of $1,416 per year for compact SUVs up to $2,392 for the large luxury car segment.

Average car insurance rates do adjust periodically, as auto insurance companies can change their rates at any time to make adjustments for periods of increased or decreased exposure and profitability.

For example, during the Coronavirus epidemic, the national lockdown kept most drivers home, reducing accidents and claims.

Many car insurance companies responded by either decreasing their average rates or issuing checks directly to policyholders to refund premiums. Since the insurance companies had fewer claims to pay out, they had excess profits that could be returned to their customers.

The table below details the average cost of car insurance for 2022 for each vehicle segment.

Average Car Insurance Cost by Vehicle Segment for 2022
Vehicle SegmentAverage Insurance Cost
Compact Cars$1,557
Midsize Cars$1,577
Large Cars$1,749
Compact SUVs$1,416
Midsize SUVs$1,532
Large SUVs$1,707
Compact Luxury Cars$1,717
Midsize Luxury Cars$2,003
Large Luxury Cars$2,392
Compact Luxury SUVs$1,701
Midsize Luxury SUVs$1,829
Large Luxury SUVs$2,285
Midsize Pickup Trucks$1,452
Large Pickup Trucks$1,644
Sports Cars$2,135

How much is average car insurance cost per month?

The average cost of car insurance is $126 per month for a full coverage policy. For specific vehicle segments, compact cars average $122 per month, midsize SUVs average $127 per month, and sports cars average $176 per month.

The table below shows average monthly car insurance rates for 2022 for the different vehicle segments.

Average Car Insurance Cost Per Month by Vehicle Segment for 2022
Vehicle SegmentAverage Monthly Insurance Cost
Compact Cars$130
Midsize Cars$131
Large Cars$146
Compact SUVs$118
Midsize SUVs$128
Large SUVs$142
Compact Luxury Cars$143
Midsize Luxury Cars$167
Large Luxury Cars$199
Compact Luxury SUVs$142
Midsize Luxury SUVs$152
Large Luxury SUVs$190
Midsize Pickup Trucks$121
Large Pickup Trucks$137
Sports Cars$178

Which vehicles have the cheapest average insurance cost?

The vehicles with the cheapest average car insurance rates are the Subaru Forester, Honda CR-V, Mazda CX-3, and Toyota C-HR. Average annual full-coverage insurance rates for 2022 are $1,126, $1,142, $1,192, and $1,202, respectively.

The top five vehicles with the cheapest average car insurance rates all happen to be compact SUVs.  The reason these models have the cheapest rates is due to the fact that strike the perfect balance between safety and affordability.

Safe vehicles tend to have lower liability and collision insurance rates and cheaper vehicles tend to have lower comprehensive and collision insurance rates. Combine the two and it’s the perfect recipe for cheap car insurance rates.

The table below details average car insurance cost sorted by price from low to high for the top five cheapest models in each non-luxury vehicle segment.

Vehicles with Cheapest Average Insurance Cost by Segment for 2022
Make and ModelVehicle SegmentAverage Insurance Cost
Chevrolet SparkCompact Car$1,320
Mazda CX-30Compact SUV$1,340
Honda CR-VCompact SUV$1,326
Chevrolet TraxCompact SUV$1,386
Toyota C-HRCompact SUV$1,250
Hyundai KonaCompact SUV$1,310
Chevrolet BlazerMidsize SUV$1,600
Chevrolet ColoradoMidsize Pickup$1,246
Toyota CorollaCompact Car$1,486
Ford MaverickCompact Pickup$1,294
Nissan MuranoMidsize SUV$1,406
Subaru ImprezaCompact Car$1,312
Kia RioCompact Car$1,494
Ford EdgeMidsize SUV$1,364
Subaru AscentMidsize SUV$1,300
Ford RangerMidsize Pickup$1,346
Honda CivicCompact Car$1,498
Honda PassportMidsize SUV$1,218
Toyota TacomaMidsize Pickup$1,406
Mazda 6Midsize Car$1,508
Chevrolet MalibuMidsize Car$1,574
Honda InsightMidsize Car$1,472
Nissan FrontierMidsize Pickup$1,440
Ford F150Full-size Pickup$1,462
Chrysler PacificaMinivan$1,518
Honda AccordMidsize Car$1,580
Kia K5Midsize Car$1,486
GMC SierraFull-size Pickup$1,544
Kia CarnivalMinivan$1,584
Toyota AvalonFull-size Car$1,588
Toyota SiennaMinivan$1,586
Honda OdysseyMinivan$1,412
Chevrolet TahoeLarge SUV$1,518
Nissan TitanFull-size Pickup$1,598
Toyota SequoiaLarge SUV$1,572
Chrysler 300Full-size Car$1,622
Chevrolet SilveradoFull-size Pickup$1,626
Toyota TundraFull-size Pickup$1,628
Ford ExpeditionLarge SUV$1,608
Chevrolet SuburbanLarge SUV$1,566
Nissan ArmadaLarge SUV$1,680
Nissan MaximaFull-size Car$1,688
Dodge ChargerFull-size Car$2,098

It’s important to note that the table above does not rank the 50 models with the cheapest insurance rates overall. It takes the top five cheapest models from EACH SEGMENT and ranks them by insurance cost.

There are many models that have cheaper insurance rates than say a Honda Accord or a Chevy Silverado, but if they rank #6 or below for insurance cost in their respective segments, they are not included in this table.

Article Summary

The tables above should give you a decent idea of how much average insurance prices are in the U.S. for different vehicle segments. Each segment in the tables are linked to pages that break down rates for every model within each category, and each specific model is linked to pages with detailed rates by model year and trim level.

We hope you found the information helpful in determining an average rate, and realize that there is really quite a lot that goes into car insurance rates.

If you’re wanting to compare rates for a new vehicle or just trying to determine if your current policy is a decent deal, we recommend getting some free car insurance quotes that will give you the exact rate you’ll pay, not averages or estimates.