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Charlie Mitchell

By: Charlie Mitchell

Edited by Jackie Cohen

Last Updated June 15, 2022

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.

A new car that’s yours, and only yours! It’s a special thing. When you buy a new car, you’ll want to focus on connecting your phone to the sound system and getting all the technology figured out—not fretting over car insurance.

That’s why we made this quick article to get you all the facts you need to insure your new car. If you’ve only had used cars until now, be warned: you’re probably in for a higher auto insurance bill than before. But the stakes are higher, too. When you’re looking for a policy, there’s no better place to compare quotes than Insurify—it’s fast and free.

Quick Facts

  • Newer cars are more expensive to insure, on average, than used cars.
  • The average cost of car insurance for a new car is $220 per month.
  • Other factors, such as the driver’s credit score and address may impact their car insurance quotes.

How much does car insurance cost for new cars?

Is car insurance expensive for new cars?

Generally, newer cars are more expensive to insure than old ones. However, cheap car insurance is possible if you look in the right places. Follow this guide.

An insurance policy on your new car will cost on average $220 per month, though many factors contribute to setting your specific premiums. Your credit score, the coverage options you need, and the driver discounts you qualify for will affect your car insurance rates substantially.

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Cheapest Car Insurance Companies for New Cars

To get you started on the search for a car insurance policy for your new car, take a look at the insurance companies that offer the cheapest car insurance quotes for new cars in Insurify’s database. While these quotes are a start, the matchmaking process really gets going when you start picking up car insurance discounts that are specific to you.

Insurance CompanyMonthly Quote for New Cars
Metromile$91
Acuity$117
USH&C$126
Stillwater$126
Farmers$130
Novo$135
TSC Direct$135
Kemper Preferred$141
Mile Auto$144
MetLife$148
Travelers$149
Nationwide$149
Progressive$152
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

See More: Best Car Insurance Companies

Allstate

A legacy insurance company with solid policies to offer and pretty good car insurance rates. You can manage your insurance policy with Allstate on its highly rated mobile app, and if you also purchase homeowners or renters insurance, you can bundle and save. Allstate has just about every discount you can expect from a large insurance company.

Allstate also offers new car replacement coverage as an optional provision. If your car is totaled, you can recuperate the entire investment you made, which might be a lot more than your car is worth only a few months after you buy it; as soon as you drive off the lot, your new car can lose around 20 percent of its value.

GEICO

An accessible and affordable insurance provider, GEICO is a good choice for any driver looking for car insurance. If you have done a driver training course, are a young driver who just got their driver’s license, and/or only need liability insurance, you’re right in GEICO’s wheelhouse, and you’ll get cheap rates and discounts.

With GEICO, good drivers get the best deals. If you have an at-fault accident on your record, you might find better rates elsewhere. But it also offers discounts for military personnel and federal employees, which are rare, so if you qualify, you could scoop up a cheap insurance policy.

Nationwide

Well-rated for customer service and reliable policies, Nationwide can give you the security that your new car deserves, especially if your budget isn’t too tight. If you’re in a position to bundle with renters or home insurance, you can save up to 20 percent, a very generous figure for the industry.

Nationwide provides a boatload of other discounts you can expect from an insurance giant, from driver training to paperless billing, and a telematics program to earn points for safe driving habits and hopefully save.

State Farm

State Farm has easy-to-use rideshare coverage to add to your policy if that’s something you’re anticipating using your new car for. Other than that, its coverage isn’t quite as flexible as some other insurance providers, but rates are very good on average. If affordability is a high priority for you, State Farm is a great bet.

Because State Farm’s rates are pretty low at the outset, it doesn’t dish out quite as many discounts as some other giants. There’s one coverage addition that might interest you: roadside assistance, which you can access from your phone or via a telephone number 24/7.

USAA

If you’re in a military family, you should absolutely pursue auto insurance from USAA, new car or old. Its customer satisfaction and claims process are smooth and award-winning, and auto insurance rates at USAA are fabulously low. The catch is that it’s only available to military personnel and their families.

See More: Cheap Car Insurance

Cheapest States for Car Insurance for New Cars

Along with your credit score, driving history, and the type of coverage you decide to buy, your location is also a factor that insurance companies rely on when setting your auto insurance rates. States also have different insurance requirements: while California requires liability insurance and uninsured/underinsured motorist coverage, in New Hampshire, it’s optional.

StateMonthly Quote for New Cars
Alabama$226
Alaska$176
Arizona207
Arkansas$313
California$260
Colorado$262
Connecticut$218
Washington, D.C.$226
Delaware$298
Florida$282
Georgia$318
Hawaii$138
Idaho$158
Illinois$162
Indiana$182
Iowa$165
Kansas$209
Kentucky$239
Louisiana$332
Maine$125
Maryland$298
Massachusetts$160
Michigan$356
Minnesota$152
Mississippi$260
Missouri$272
Montana$194
Nebraska$176
Nevada$266
New Hampshire$129
New Jersey$240
New Mexico$193
New York$272
North Carolina$146
North Dakota$179
Ohio$135
Oklahoma$210
Oregon$192
Pennsylvania$184
Rhode Island$322
South Carolina$275
South Dakota$144
Tennessee$195
Texas$295
Utah$182
Vermont$116
Virginia$198
Washington$215
West Virginia$204
Wisconsin$151
Wyoming$172
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

Steps for Getting an Insurance Policy for Your New Car

You’ve probably heard that a dealership won’t let you drive your new car off the lot without proof of insurance. That’s usually true. But what if you don’t have an insurance policy yet? And what if you do? Does that mean you don’t have to get another one? It seems confusing, but it’s not that complicated. Let’s talk it through.

If you already have a car. . .

Breathe easy. You can use your current insurance information to buy a new car, with a grace period of usually 7 to 30 days to add the car to your current insurance policy. Check with your insurance agent beforehand to get the details on how the process works. Once you’ve finished the sale, you can add your new car to your policy and, if applicable, remove the old one.

If you don’t have a car. . .

Without an existing auto insurance policy, try to select an insurance company in advance and start the process of buying a policy so that when you’re ready to buy your car, you can give the vehicle identification number (VIN) and other vehicle information to the insurance company, sign the papers online, and get driving. You can cancel and switch if you don’t like your coverage.

If you’re taking out a loan. . .

Your lender will require you to have full coverage, which (on top of property damage and bodily injury liability insurance) includes comprehensive coverage and collision coverage, which protect your car from a variety of calamities, regardless of fault. If there’s a brief period where your new car is worth less than the amount you owe to your lender, gap insurance covers the difference.

If you’re buying your new car outright. . .

Phew! You’re free to select your own car insurance coverage. Since you just made a significant investment in your new car, it’s smart to opt for a full-coverage policy. Otherwise, you’re on the hook for anything that happens to it that is your fault or isn’t covered by someone else’s insurance. If full coverage raises your rate too high, try raising your deductible.

Selecting Your Insurance Coverage

Any car insurance company will set you up with a policy that meets your state car insurance requirements, which is usually a combination of liability insurance, medical payments (or personal injury protection), and underinsured/uninsured motorist coverage. You’ll probably want a full-coverage policy to stay protected, at least while your car is so new.

Shop Around for Car Insurance

Before or after you drive your new car off the lot (you can cancel an insurance policy anytime without penalty), take the time to make sure your auto insurance policy is as cheap as possible. There’s no better way to do that than Insurify, which offers you a free list of insurance quotes personalized to you.

The Best Car Insurance Quotes for New Cars

What beats the smell of a new car? Perhaps the peace of mind you get when your car insurance is as cheap as it could possibly be. And the only way to get that is to look at a whole lot of auto insurance quotes to make sure you’re getting the best possible rate based on your coverage options.

If that sounds inconvenient, let me tell you about Insurify, which, in just a few minutes, brings you a full list of car insurance quotes with exclusive deals built-in so you can get the best insurance premium possible. You won’t have to do all that comparison-shopping yourself. It’s totally free.

Frequently Asked Questions

  • According to Insurify’s database, it costs $220 per month on average to insure a new car. That varies heavily depending on several things, such as the value of the new vehicle you just bought, whether you’re going to stick with liability coverage only or opt for additional coverage like collision insurance, what your driving record looks like, and where you live.

  • Safe driving and good credit are the best ways to get the best auto insurance rates that you can. But just as important is sourcing as many bona fide insurance quotes as you can to make sure that you are with the insurance provider that meets your needs best at the lowest price you can find. It’s simple comparison-shopping, and all it takes is work.

  • Insurify is the best place to compare car insurance rates from the most important companies in your market. It’s totally free, we don’t sell your data, and in only a few minutes, you’ll have a solid list of insurance quotes to compare to one another. You’ll save hours of time you would have to spend getting quotes one by one, and you won’t miss the best deal.

Compare Car Insurance Quotes Instantly

  • Personalized quotes in 5 minutes or less
  • No signup required
  • The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.

    Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews. 

    With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.

Charlie Mitchell
Charlie Mitchell
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Insurance Writer

Charlie Mitchell is a journalist, researcher, and writer specializing in personal finance subjects. He holds a degree from Middlebury College. His work can be found in Vox, Mother Jones, The New Republic, and other publications. Charlie uses his expertise in home, renters, and auto insurance subjects to help inform people to make better financial decisions. Connect with Charlie on LinkedIn.

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