When it comes to car insurance for 45-year-old drivers, the cost can vary depending on the coverage levels chosen. On average, car insurance for 45-year-old drivers can cost around $477 per year or $40 per month for state minimum liability only coverage. Opting for 50/100/50 liability coverage can increase the average cost to $597 per year or $50 per month. For more comprehensive coverage with 100/300/100 liability and a $500 deductible for comprehensive and collision, the average cost jumps to $1,579 per year or $132 per month.
| Coverage level | Average annual premium | Average monthly premium |
|---|---|---|
| State Minimum Liability Only | $477 | $40 |
| 50/100/50 Liability Only | $597 | $50 |
| 100/300/100 Liability with $500 Comp/Coll Deductible | $1,579 | $132 |
Average car Insurance rates for 45-year-old male and female: Decoding gender impact
Gender can also play a role in determining car insurance rates for 45-year-old drivers. On average, 45-year-old females can expect to pay around $1,585 per year for car insurance, while their male counterparts may face slightly higher rates at $1,579 per year.
| Gender | Average annual premium | Average monthly premium |
|---|---|---|
| Female | $1,585 | $132 |
| Male | $1,579 | $132 |
How average car insurance rates for 45-year-old vary by State
Car insurance rates for 45-year-old drivers can vary significantly depending on the state they reside in. For example, in Alaska, the average cost for car insurance for a 45-year-old is $1,332 per year, while in Alabama it is $1,412 . In other states like Florida and Louisiana, the average cost can skyrocket to $2,506 and $2,450 per year, respectively. On the other end of the spectrum, Ohio offers the lowest average cost at $973 per year.
| State | Average annual premium | Average monthly premium |
|---|---|---|
| Texas | $1,776 | $148 |
Low-cost car insurance for 45-year-old: Drive without breaking the bank
Finding affordable car insurance for 45-year-old drivers is possible. Some companies offer lower average annual costs, such as American National Finance at $718 , Mapfre Insurance at $1,091 , and Palisades at $1,131 .
Comparing rates from multiple insurers is one of the easiest ways to find which insurer offers the lowest cost for 45-year-old driver and provides all the required coverage.
| Company group | Average annual premium | Average monthly premium |
|---|---|---|
| American National Finance | $718 | $60 |
| North Carolina Farm Bureau | $1,149 | $96 |
| Safety Insurance | $1,210 | $101 |
| Nationwide | $1,156 | $96 |
| USAA | $1,157 | $96 |
| Geico | $1,257 | $105 |
| New Jersey Manufacturers | $1,248 | $104 |
| Palisades | $1,131 | $94 |
| Erie Insurance | $1,211 | $101 |
| American Family | $1,313 | $109 |
| Vermont Mutual | $1,172 | $98 |
| Auto-Owners | $1,375 | $115 |
| State Farm | $1,420 | $118 |
| Amica Mutual | $1,306 | $109 |
| Travelers | $1,472 | $123 |
| Arbella Insurance | $1,696 | $141 |
| Island Insurance | $1,668 | $139 |
| Frankenmuth Insurance | $1,319 | $110 |
| Southern Farm Bureau | $1,439 | $120 |
| Western National Mutual | $1,432 | $119 |
| Progressive | $1,676 | $140 |
| Mapfre Insurance | $1,091 | $91 |
| Shelter Insurance | $1,840 | $153 |
| Farmers | $1,935 | $161 |
| Allstate | $2,071 | $173 |
| Country Financial | $1,874 | $156 |
| Auto Club Enterprises (AAA) | $1,944 | $162 |
| Westfield Insurance | $1,790 | $149 |
| Iowa Farm Bureau | $2,359 | $197 |
| Kentucky Farm Bureau | $2,204 | $184 |
| The Hartford | $2,201 | $183 |
| National General Insurance | $2,363 | $197 |
| Mercury Insurance | $2,171 | $181 |
| CSAA Insurance (AAA) | $2,437 | $203 |
| Automobile Club MI (AAA) | $2,327 | $194 |
| Kemper Insurance | $2,318 | $193 |
| Oklahoma Farm Bureau | $2,642 | $220 |
| Chubb Ltd | $2,479 | $207 |
| Safeway Insurance | $2,779 | $232 |
| The Hanover | $4,279 | $357 |
| Sentry Insurance | $4,653 | $388 |
Conclusion
Car insurance costs for 45-year-old drivers can vary based on coverage levels, gender, state of residence, and choice of the insurance company. Opting for higher coverage increases the average cost, while gender differences can also impact insurance rates. The average cost varies significantly by state, with some states having substantially higher premiums than others. However, affordable options exist, and it is possible to find lower-cost insurance for 45-year-old drivers by comparing rates from different insurers.
Methodology
CompuQuote commissioned 2022 data for Average car insurance rates for 45-year-old drivers from Quadrant Information Services for all 50 states and Washington, D.C. Rates are based on the following profile:
- 45-year-old driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
CompuQuotes analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Information Services are for comparison purposes only; your rates may differ.
