Consumer Reports found the median annual premium to be just under $1,500, based on a national survey of 40,566 policyholders in 2024. The results showed that about a quarter of people in the U.S. with car insurance have annual premiums between $1,000 and $1,499. And more than 10 percent have annual premiums of $3,000 or more. It’s no wonder that premium prices are a major concern for drivers.
The survey results allowed us to rate 36 car insurance providers and reveal details on satisfaction with their premiums, claims, coverage, and other factors. Knowing where to look for quality coverage and lower premiums is essential for car owners looking to reduce their expenses.
“The findings from the large-scale survey point to the companies that offer the best service and the best prices,” says Martin Lachter of Consumer Reports’ survey research unit. “Comparison shopping every year or two is the best way to ensure you are getting the best value.”
