Car insurance calculator
Last updated: January 1
How to use the car insurance calculator
You can use the car insurance calculator to get an idea of your coverage options and their costs. To get started, use the dropdown menus on the left column to enter some basic information, which the calculator will then use to generate your estimate.
If there’s a term you’re unfamiliar with, you can check the definitions we’ve provided or use the tooltips in the calculator by clicking on the navy circle with an “i” symbol.
Once you’ve entered your information, your coverage options and limits will appear on the right side of the calculator. These numbers are a starting point and can give you a point of reference for what you’ll want to have when you get a car insurance quote.
State of residence
When using the car insurance calculator, one of the first steps is to select your state of residence. The cost of insurance can vary significantly from state to state due to different required coverages and risk factors. The calculator takes those differences into account.
Car ownership status
Next, you can specify whether you own, lease or finance your vehicle. Your ownership status can influence the type and amount of coverage you might consider.
Value of your car
The value of your vehicle helps the calculator determine the coverage needed for potential repairs or replacements. You'll simply need to select whether your vehicle value is more or less than $2,000.
Can you pay out of pocket to replace your car?
If you can comfortably pay out of pocket to replace your vehicle, then you may not need comprehensive and collision coverages. It’s important to think about what is the most appropriate coverage option for the specifics of your situation.
Understanding the types of coverages in the calculator
Bodily injury liability coverage can help pay for injuries you cause to others in an accident. This might include medical expenses, legal fees and other related costs.
Property damage liability can cover the cost of damages to someone else's property in an accident where you’re at fault. This might include repairs to vehicles and property. It does not, however, cover damage to your own vehicle.
This coverage is designed to help protect you if you're in an accident with a driver who lacks sufficient insurance to cover your medical expenses. This coverage only kicks in if the uninsured or underinsured driver is at fault for the accident.
Uninsured/underinsured motorist property damage
Uninsured motorist property damage coverage may help pay for property damage to your vehicle if it’s caused by an uninsured or underinsured driver. This coverage is not available in every state.
Personal injury protection could potentially cover your medical expenses and lost wages, regardless of fault, in an accident. PIP is not available in every state. Your state may offer some other form of medical payments coverage.
Comprehensive coverage usually includes damages to your vehicle from non-collision incidents like theft, fire, vandalism or natural disasters. Collision insurance can help cover the cost to repair or replace your car in the event of an accident, regardless of who’s at fault. This is typically required for financed or leased cars.
If your car is of low value or you can afford the out-of-pocket cost to replace it, this type of insurance may not be worth it.
Other car insurance coverage factors
When to review your car insurance
As your life circumstances change, your insurance needs and requirements may also change. Using the car insurance calculator can help give you a baseline for the coverages you need when get a new car insurance quote. Here are a few common examples of when you may want to review your car insurance.
When you relocate, insurance rates may change based on your new location's risk factors and required coverages, particularly if you move to a new state. If you’re staying in-state, recalculating your coverage is wise to ensure it remains suitable. If you’re moving out of state, a new car insurance policy will be required.
Marital status can impact insurance rates, potentially requiring adjustments to reflect your new circumstances.
Adding a new or used car
If you get another vehicle for your household, your coverage requirements could change. The calculator may help you figure out what sorts of coverages to get for your new car.
Adding a child to your policy
With a new driver in the household, coverage needs may change. Reviewing and potentially adjusting your policy and level of protection may be advised.
Changes in time spent driving
Significant changes in your daily commute or driving habits might lead to adjustments in your coverage requirements. You may want to reevaluate your level of protection using the calculator.
Ways to save on car insurance
Understanding what kind of insurance suits your unique circumstances can help you find an appropriate balance between the cost of coverages and the value they provide. You may, however, be able to find greater savings depending on your unique circumstances
Compare quotes from several insurers
Getting a quote from at least three insurers can help you find the best insurer for your situation, according to the Insurance Information Institute (III). Make sure you’re selecting the same coverage options from the calculator with the same coverage limits and deductibles.
Review available car insurance discounts
Depending on your situation, you may be eligible for discounts on your car insurance. For example, if you’re a student or you’re purchasing a new car, there may be specific discounts waiting for you. You may also have the option to bundle different insurance policies for a lower overall premium.
Car insurance FAQs
To get a car insurance quote online, you may be asked for personal information that helps determine the price of your auto insurance policy, according to the III. That personal information can include things, like:
- Your address
- Your driver’s license number
- How many accidents you’ve been involved in
- How much you use your car
- Whether there are additional drivers for the car
As well as specific details about your car, such as:
- Your car’s make, model and year
- Your car’s odometer reading (mileage)
- Your car’s Vehicle Identification Number (VIN)
To compare insurance quotes accurately, you’ll want to familiarize yourself with your state's specific car insurance requirements using the car insurance calculator. Additionally, see if there are any other types of auto insurance coverages that could be beneficial to have. Once you understand which coverages you need, select the same set of coverages for each of your car insurance quotes.
Finally, consider the reputation of the insurers providing you quotes. You’ll likely want to go with a provider that can handle claims in an easy and timely manner.