Looking for a Car Insurance Cost Calculator?
When it comes to
car insurance, your policy is unique to you. A car insurance calculator helps determine what your cost will be by factoring in your coverage needs, location and other personalized information, all while helping identify the best coverage for you.
We can work with you to get a
car insurance quote by using our car insurance cost calculator to let you know how much your specific policy will cost.
How to Calculate Car Insurance
Every car insurance company has its own way to calculate rates for your auto insurance quote. However, there are some important factors that all insurers will review, like:
If you don’t have any violations or accidents on your record, it shows you’re a
safe driver, which can result in a lower car insurance cost. On the other hand, if you have accidents, tickets or claims on your record, you’ll likely have a higher car insurance rate. Read our article on the
DMV point system to learn how points can impact your driving record.
Generally, the older you are, the more experience you have behind the wheel. This means you’re less likely to cause an accident, which can lower your rates. Your insurer may also look at whether you’re married or single to analyze your accident risk.
Living in an urban area that’s more populated can increase your risk of car accident or theft. So, your car insurance may cost more than those who live in rural areas.
Cars go through crash safety tests to measure the risk of serious injuries in an accident. If the car you drive is newer and has a high safety test score, you may have a lower car insurance rate.
Even though accidents can still happen close to home, how far you drive on average can affect your car insurance rate. If you’re retired and don’t drive much, your rate may be lower than someone who commutes 50 miles a day for work.
One of the biggest factors affecting the price of your insurance premium is how much coverage you need. If your state requires you to carry higher liability limits, or you’re insuring multiple cars, your car insurance rate may be higher. Just remember, the cheapest car insurance isn’t always the best insurance because it may not fit your needs or protect you when you need it the most. Consider your options for comprehensive and collision coverage, as well as any additional optional coverages available.
Not all car insurance companies are the same. Each one uses its own formula to calculate car insurance costs. That’s why
comparing car insurance quotes is important so you can choose the policy that’s right for you. While cost is an important factor, it shouldn’t be the only thing you consider. The cheapest car insurance policy may not give you the protection that you and your loved ones need on the road. So, make sure you compare car insurance quotes carefully to assure you get the full coverage you need.
A calculator tool can be a helpful place to start if you don’t know what coverages you need, but car insurance calculators won’t help determine how much you need for auto insurance. A good rule of thumb is to get coverage equal to the total value of your assets. So, if the combined value of your home, car, other property, savings and investments is $200,000, you may want to get at least that much car insurance coverage.
Some other coverage types you can add to your policy to help protect you on the road include:
- Personal injury protection, also known as no-fault insurance, helps pay for medical bills or lost wages after a car accident, regardless of who's at fault.
- Medical payments helps cover medical expenses and rehabilitation. This will also protect you if you’re injured as a pedestrian or when riding a bike.
- Underinsured/uninsured motorists bodily injury to help protect you if you get into an accident with a driver who doesn't have insurance or enough coverage.
- Collision insurance to help cover damage to your vehicle.
- Comprehensive coverage, which helps pay for damages to your car from things like natural disasters, theft, vandalism or collision with an animal.
Our specialists can help determine how much auto insurance you need for your policy and the coverage required in your state. We'll work to help make sure you’re getting the right coverage amounts to help protect you on the road.
Skip the Auto Insurance Calculator and Get a Quote
There isn’t a one-size-fits-all car insurance policy. Your
car insurance coverage needs are unique to you. It’s also true that not all insurers’ car insurance calculators are the same and many insurers calculate rates differently.
Call
888-546-9099 to get a free quote today from the
AARP Auto Insurance Program from The Hartford and find out how The Hartford can help protect you and your loved ones on the road.
Last Updated: September 25, 2023
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