Car Insurance Under $200 a Month

Do you need car insurance under $200 a month? Paying more than $200 monthly for auto insurance is more than most drivers pay, especially if you get basic liability coverage. Drivers in the U.S. pay about $60 a month on average for liability-only coverage.

The average nationwide cost for full coverage auto insurance is about $168 per month. However, many drivers cannot find coverage under $200 a month.

There are several reasons for this. Where a person lives, their driving record, and their age are big factors that impact rates. For young drivers under 25, their rates are often above $200 a month. Those drivers with bad credit and several moving violations often pay much more than the national average of $2,015 per year, or $168 a month. In this article, we will go over some proven tips that will help you get your monthly auto insurance payment under $200. If you want to check rates right now, just enter your zip code. 

Full Coverage Car Insurance Under $200 a Month 

Many people are confused about what exactly full coverage auto insurance is. This coverage combines the protection of higher-limits liability, collision, and comprehensive. Full coverage will protect your vehicle from damages, injuries to the driver and passengers, as well as property damage.

If you finance or lease a vehicle, you will be required to purchase full-coverage insurance, which is more expensive. A full coverage policy will cost about $90 more per month on average than a liability-only policy but will provide much broader protection. Make sure you always get the highest policy limits you can afford, which will adequately cover most accidents.  

Recently insurance rates have gone up due to inflationary pressures. Many safe drivers have seen their rates go up 7% and even 10% annually.

To get cheaper full-coverage car insurance with a low deposit, consider raising the deductible to $1,000. Next, look at your current coverage and get rid of unneeded items like rental car insurance or roadside assistance if you already have these benefits included in your policy, such as AAA membership. Shop around with leading providers and compare rates from both regional and national providers. If you take these steps, you should be able to get full coverage auto insurance for well under $200 a month. 

What Insurance Company Has The Cheapest Full-Coverage Car Insurance Under $200 a Month? 

Average Monthly Full Coverage Auto Insurance Rates

*Rates based on a 42 year old married man driving a 2011 Toyota Corolla

Car Insurance Under $200 a Month for Seniors 

Seniors over 55 can save money on full coverage car insurance in numerous ways. Here are a few of the best tips. 

1. Compare rates from ten or most insurance providers and ask for discounts.
2. Consider increasing your deductible to $1,000, but only if you set that amount aside. 
3. Ask about all the available discounts, like a military veteran, garage parked, safe driving, or anti-theft devices.
4. Choose a safe vehicle that is more than five years old, as this can really lower your insurance premiums.
5. If your car is older and has a lower value, consider dropping collision or comprehensive coverage altogether to save the most money.
6. Join group insurance plans offered by organizations like AARP.
7. Maintain a good driving record by following all traffic laws and avoiding at-fault accidents. 

By implementing these effective strategies, senior citizens can secure affordable full-coverage car insurance under $200 a month. To compare full coverage car insurance for seniors where you live, enter your zip code and fill out a quote application.   

Car Insurance Under $200 a Month For Young Drivers  

As a young driver under the age of 25, you may find it challenging to get affordable car insurance. Insurance companies often charge higher premiums for young drivers due to the increased risk of accidents and claims. However, there are several steps that you can take as a young driver to lower your insurance costs and get the coverage you need. Below are some solid tips.

Choose the Right Car

The type of car you drive has a huge impact on your insurance premiums. Sports cars and high-performance vehicles are more expensive to insure than sedans and minivans. Similarly, newer cars with advanced safety features may qualify for lower rates than older models. Consider factors like safety ratings, reliability, and fuel efficiency when shopping for a new vehicle. 

A vehicle with a high safety rating and a good track record for reliability can help you save money on insurance. Also, some vehicles are stolen at a much higher rate than others and thus cost more to insure. For example, thieves often target Honda Civics and Dodge Challengers, which will cost you more to insure. Subaru vehicles are stolen less and are cheaper to insure.   

Compare Online Insurance Quotes

Don’t settle for the first insurance policy you come across. Instead, take the time to compare online quotes from multiple insurers. Each insurance company uses a different formula to calculate rates, so you may be able to find a better deal by shopping around. Be sure to compare policies with similar coverage levels to get an accurate comparison. Shop at least ten quotes before you buy a policy.   

Increase Your Deductible

Your deductible is the amount you pay out of pocket before your insurance kicks in. Increasing your deductible can lower your insurance premiums. However, keep in mind that a higher deductible also means that you will have to pay more in the event of an accident. Make sure you can afford to pay the deductible if you need to file a claim, and always set the deductible amount aside in the event you get into an accident.  

Drive Safely

Safe driving is essential for all drivers, but it’s especially important for young drivers trying to get car insurance under $200 a month. Insurance companies consider factors like your driving record and the number of accidents you’ve been involved in when calculating your premiums. By practicing safe driving habits, you can show your insurer that you are a responsible driver and reduce your risk of accidents and claims. If you get a ticket, go to traffic school so it doesn’t go on your record.

Take a Defensive Driving Course

Many insurance companies offer discounts to drivers who complete a defensive driving course. These courses teach safe driving techniques and help drivers avoid accidents. Taking a defensive driving course cannot only help you save money on insurance but also make you a better and safer driver.

Ask About Discounts

Insurance companies offer a variety of discounts for things like good grades, multiple policies, military service, and safety features. Ask your insurance company about any discounts that you may be eligible for. Even a small discount can add up to significant savings over time.

Avoid Modifications

Modifying your car can make it more expensive to insure. Customizations like spoilers, racing stripes, and aftermarket exhaust systems can increase the value of your car and make it more appealing to thieves. Stick with factory standard features and avoid any unnecessary modifications.

Auto insurance can be one of the biggest expenses associated with owning a vehicle. While it’s important to have adequate coverage in case of an accident, there are ways to save money on auto insurance without sacrificing protection. Utilizing these tips will help many young motorists find coverage for under $200 a month. To compare quotes online in about 5 minutes, enter your zip code and fill out a no-obligation quote form. 

Additional Money Saving Tips for Getting Full Coverage Auto Insurance Under $200 a Month 

1. Bundle your policies – Many insurance companies offer discounts for bundling multiple policies, such as auto and homeowners insurance. Combining your policies could save  20% and more on your total insurance costs.
2. Drive less – The less you drive, the lower your chances of getting into an accident. Many insurance companies offer discounts for low-mileage drivers. If you can reduce your driving, you can qualify for a low-mileage discount. 
3. Improve your credit score – Believe it or not, your credit score can greatly affect your insurance rates. Insurance companies use credit scores as one factor in determining risk, so improving your credit score could lead to lower insurance premiums. Get your score to 650 and above and watch your auto insurance premiums go down 10% or more.  
4. Take a defensive driving course – Some insurance companies offer discounts for drivers who complete a defensive driving course. These courses teach safe driving techniques, such as defensive driving maneuvers,  and can really improve your driving skills, lowering your risk of getting into an accident. Completing one of these courses can earn you a discount of about 5%.  
5. Consider usage-based insurance – Some insurance companies like Metromile offer usage-based insurance, which calculates your rates based on how much you drive, how you drive, and when you drive. If you’re a safe driver who doesn’t drive much, usage-based insurance could save you big bucks on your auto insurance.   

Cheapest Insurer For Military Members 

If you are in the military, a veteran, or a family member, you can get some of the lowest car insurance rates in the country. USAA has full-coverage car insurance starting at less than $120 a month for qualified drivers. 

With USAA Auto Insurance, even full-coverage high-limit policies are almost always under $200 a month. USAA has the cheapest rates for drivers of all ages and for each type of coverage.

Final Takeaways on Car Insurance under $200 a Month

While car insurance prices continue to rise, there are things drivers can do to get their rates under $200 a month. By driving the right type of vehicle, dropping unneeded coverage, maintaining a clean driving record, and shopping around, it’s possible to get a full-coverage policy with solid limits under $200 a month. Start shopping for your best rate online. Enter your zip code and compare up to ten rates in about five minutes. Get the savings you deserve and need.