A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Written by Laura Berry
Former Insurance Agent Laura Berry

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products, including home, life, auto, and commercial, and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, mainly in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers Insurance CSR 4 Years Leslie Kasperowicz

UPDATED: May 6, 2022

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Important facts to know...

  • Average rates don’t take into account differences between liability only and full coverage plans.
  • Companies offer different discounts to help you save money.
  • Avoid cut-rate insurance offered by financially unstable companies.

If you have a tight budget, the fewer and lower your bills are, the less stress you experience. Unfortunately, some bills are difficult to avoid. Car insurance is one, and in many cases, car payments are another. Are you looking for 50 dollars a week for car payments? What about $50 a month car insurance? You’ve come to the right place.

Is auto insurance for $50 per month even possible? Car insurance can cost $50 per month or less, depending on where you live and what kind of coverage you need. The most cost-efficient car insurance you can get is the state minimum, which is liability car insurance. However, liability-only car insurance rates per month vary by state. Therefore, car insurance for $50 per month isn’t guaranteed.

Our comprehensive guide will compare car insurance coverage and companies that provide $50 dollar car insurance quotes, vehicles that produce cheap car insurance, and why liability-only insurance provides the cheapest rates. Continue reading to learn how to secure cheap auto insurance at $50 a month.

Where can you find out if $50 a month car insurance quotes are possible? Right here. Start comparing multiple companies by entering your ZIP code in our free comparison tool to see if you can buy $50 a month car insurance.

Which car insurance companies carry $50 a month car insurance?

It may be challenging to find full coverage for $50 a month. However, liability-only car insurance can be as low as $46 per month. If you own a vehicle that’s older than five years, you may be covered by liability-only auto insurance.

However, your auto insurance rates per month will depend on the company. Let’s look at the average cost of a liability-only car insurance policy from the top companies in the United States.

Average Monthly Liability-Only Car Insurance Rates by Company
CompanyAverage Monthly Liability-Only Car Insurance Rates
Farm Bureau Insurance$36
Auto-Owners Insurance$54
State Farm$59
American Family$68
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The cheapest car insurance companies are USAA, Farm Bureau, and Erie. All three companies have monthly auto insurance rates under $50 per month.

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What factors influence $50 a month car insurance?

To get the cheapest car insurance, consider making a few changes in your life or to your car. There are special discounts that you can take advantage of once you know what to do.

In addition to lowering car insurance rates, you also might make your life better by:

  1. Improving your credit score – Companies look at credit history when setting your rates. If you have poor credit, improving your score could bring down the cost of auto insurance.
  2. Keeping a clean record – If you maintain a clean driving record, you’ll pay lower auto insurance prices, and you also won’t have to pay for expensive tickets or at-fault accidents.
  3. Getting married or buying a house – Did you know married couples pay less for auto insurance? Insurance companies like stability, and both of these changes show maturity on your part.
  4. Raise your grades – It feels good to get high marks in school, and your company may reward you with discounts.
  5. Joining a club – Groups like AAA and AARP can help you get discounts on your insurance. Individual companies and college alumni also qualify for discounts with various companies.
  6. Install a tracking system – If someone does steal your car, you’ll have the last laugh knowing that you can easily find them.

Discounts play heavily on $50 – dollar a month car insurance. See what discounts you’re eligible for when you use our free comparison tool. Get started by entering your ZIP code to start comparing car insurance in your local area.

What are the average auto insurance rates by state?

The amount of money you pay for car insurance varies from one state to the next. While you might expect to pay more for a sports car, it may surprise you to find that your car insurance rates will almost certainly rise if you move to Louisiana.

The average rates in these states are anywhere between 33 and 42 percent higher than the rest of the nation:

  1. Louisiana
  2. Delaware
  3. New York
  4. Rhode Island
  5. Michigan

If you’re living in the Brooklyn ZIP code, you can expect to pay 151 percent more than someone in another state.

By contrast, there are also some states where car insurance rates are cheaper than the national average. If you can live anywhere in the country and find car insurance for $50 a month, consider:

  • Wisconsin for rates that are roughly 28 percent lower
  • Maine and see your rates drop about 33 percent
  • Ohio to save about 33 percent
  • Idaho for a savings of about 37 percent
  • North Carolina for rates that are 41 percent below the average

These five states have average monthly car insurance rates of around $30 per month for liability-only insurance.

Some people try to save money by changing the address listed on their policy, but this can catch up with you and result in canceled policies (it can even be considered fraud). A better option is to shop around and see what rates other carriers have.

The car insurance industry is highly competitive, and that can work to your advantage.

What are the average car insurance costs per month and per year?

The National Association of Insurance Commissioners (NAIC) determines average car insurance costs by looking at the amount of money people spend on insurance each year.

It does not differentiate between liability plans and people who carry liability, collision, and comprehensive coverage. Therefore, there can be a substantial difference between the average rate and what you pay for insurance.

It’s interesting to note that rates have been relatively stable for more than a decade, but there’s been a large jump in premiums recently. According to the NAIC, the average expenditures for car insurance between 2004 and 2012 were:

  • $843 in 2004
  • $818 in 2006
  • $791 in 2008
  • $792 in 2010
  • $815 in 2012

In 2013, the average increased to $841, a very modest 3.3 percent increase from 2012. Overall, rates have remained reasonably steady even in the face of ordinary inflation.

Here are the most recent countrywide car insurance rates for basic coverage options.

National Average Car Insurance Rates by Coverage Type
Basic Coverage TypesAnnual Car Insurance RatesMonthly Car Rates
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Liability, collision, and comprehensive rates are cheaper than $50 per month for car insurance. With full coverage, you can pay almost $90 per month. Although this is a base car insurance rate, you could pay more for car insurance based on factors that influence your rate. Good car insurance coverage can be changed based on your needs.

For example, the average car insurance rate by age and gender can nearly double your car insurance rate or cut your car insurance rate by almost half.

While this is great news for some drivers (and not-so-good news for others), the fact is you still might be able to save on rates by shopping around.

Keep reading for more on how different factors like age and gender can affect your rates.

Average Car Insurance Rates by Vehicle Type

The car you choose can also drive insurance rates up or down.

Studies show that the cheapest cars to insure are family-friendly minivans. The Honda Odyssey was recently named the most affordable car to insure, but the Toyota Sienna and Chrysler Town and Country have also received this critical distinction.

The Honda Minivan carries a five-star crash rating from the National Highway Traffic Safety Administration (NHTSA). It’s also relatively inexpensive when it comes to repairs. Excellent crash ratings and lower than average repair costs is a recipe for cheap car insurance.

Car insurance providers know that a person carting around their children is more likely to drive cautiously than someone in a sports car. Let’s review the popular vehicles known for cheap car insurance.

Cheap Average Monthly Car Insurance Rates by Popular Low-Cost Vehicles
Popular VehiclesAverage Monthly Car Insurance Rates
Subaru Outback$54
GMC Canyon$54
Nissan Frontier$58
Fiat 500X$60
Jeep Compass$61
GMC Sierra$61
Ford Escape$61
Ford Transit Connect$61
Chevrolet Traverse$61
Kia Sportage$61
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Three vehicles on the list are in the range of $50 per month, while the other cars are out of the range of $50 per month. The most expensive cars to insure are sports cars and high-end luxury vehicles at the other end of the spectrum. The Dodge GT Viper has an average annual premium of more than $4,000.

Average Car Insurance Rates by Age and Gender

As we noted earlier, age and gender can have a significant effect on car insurance rates. Take a look at this table.

Average Monthly Rates for Car Insurance by Age and Gender
Insurance CompanyAverage Monthly Rates for a Single 17-Year-Old FemaleAverage Monthly Rates for a Single 17-Year-Old MaleAverage Monthly Rates for a Single 25-Year-Old FemaleAverage Monthly Rates for a Single 25-Year-Old MaleAverage Monthly Rates for a Married 35-Year-Old FemaleAverage Monthly Rates for a Married 35-Year-Old MaleAverage Monthly Rates for a Married 60-Year Old FemaleAverage Monthly Rates for a Married 60-Year-Old Male
State Farm$496.16$610.36$194.66$212.88$173.48$173.48$156.16$156.16
American Family$499.71$677.54$190.72$224.56$183.56$185.36$166.08$167.87
Liberty Mutual$968.42$1,143.22$329.97$375.26$316.90$321.40$287.08$306.71
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As you can see, the younger you are, the higher your rates will be. And men typically pay more for coverage than women (though this disparity isn’t legal everywhere; it’s currently illegal in several states, including California and Hawaii).

Based on the information on this table, you might be able to guess that if you’re a 17-year-old (male or female), $50 per month coverage probably isn’t going to be available to you. But if you’re 35, if you use tips like those we’ll discuss later, you might be able to find $50 monthly rates.

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What auto insurance coverage do you need?

If you’re searching for that $50 car insurance plan, you may want to start by trimming down your level of coverage. You don’t necessarily need everything that’s offered. While it can certainly provide you with peace of mind, it’s possible to save money by dropping:

  • Bodily Injury and Property Damage Liability – These two coverages make up liability coverage, and they provide coverage if you are at fault in a car accident.
  • Roadside Assistance – If you’re an AAA member or have this through a credit card, you don’t need it with your insurance plan.
  • Personal Injury Protection (PIP) – Keep in mind that your state may require PIP. However, if it’s not mandated, and you have good health insurance, you’re already covered for accidents. This coverage also includes passengers, so ask your friends and family who routinely ride with you if they have health insurance before dropping this coverage.
  • Uninsured/Underinsured Motorist Coverage – You will receive coverage if you get into an accident with someone who doesn’t have car insurance or if the other drivers don’t have enough money on their coverage limits.
  • Rental Car Reimbursement – If you have an extra car in your driveway, you don’t need this coverage. You also don’t require it if you live in an area with good public transportation or have friends and family members who can help you out with rides.
  • Accidental Death – This is a type of life insurance, so you won’t need it if you already have a whole- or term-life policy.
  • Collision and Comprehensive – These are required on financed vehicles, but you don’t have to carry them on cars that you own outright. In general, cars that are only worth a few thousand dollars don’t need this extra protection.
  • GAP Insurance – If you’re not leasing your car, and you don’t have an auto loan, you don’t need to pay for GAP coverage.

Remember, if you opt not to carry collision coverage and comprehensive coverage, you’ll be stuck paying the bills for your own repairs and medical expenses if you’re in an expensive at-fault accident.

You have car insurance to protect your assets in the event of an accident, but there’s no need to double up on coverage. Look through your other plans carefully to see if you already have what you need through credit cards and different memberships.

You can also compare prices between companies to see if it’s possible to save with another carrier while still maintaining your extra coverage.

Can you get good coverage for $50 a month?

They say that if it seems too good to be true, it probably is.

The last thing you want is to pay premiums to a company that will refuse every claim and ultimately close its doors through bankruptcy.

This is why it’s essential to shop around. With a little research, you can find affordable rates through a highly experienced company. Before deciding on any carrier, look at their:

  • Financial ratings – Choose companies with a rating of B or higher.
  • Reviews – The company you choose should have a reputation for paying out claims on time and treating customers with respect.
  • Complaints with your state Department of Insurance – While it’s normal for companies to have a few complaints, you want to be sure that things have been resolved. Avoid any company that has an unusual number of complaints without any positive reports.

When buying your insurance plan, remember that you want to have good car insurance coverage that fits your budget. If you only want to pay $50 a month for auto insurance, you’ll need to shop around some more, take a closer look at your coverage, and maintain a clean driving record.

Finally, look at a company’s review and financial stability before moving forward with any low-cost plan.

How can you save money on your auto insurance policy?

In addition to dropping unneeded coverage options and raising your deductibles, you can lower your insurance premium by asking your provider about auto insurance discounts. We’ve already noted the good student discount and the discounts for being a member of an affiliated organization, but you might also ask about the following options:

  • Safe driver discounts
  • Multi-policy discounts
  • Multi-vehicle discounts
  • Defensive driving course discounts
  • Vehicle safety features discounts

Most auto insurance companies offer a variety of discounts, but they vary from company to company. Talk to an insurance agent from your current provider about what discounts you might be entitled to.

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$50 a Month Car Insurance: What’s the bottom line?

The best way you can find $50 a month auto insurance quotes is through comparison shopping, discounts, and minimizing your auto insurance coverage. Specific factors like age, driving record, and car insurance company carry the most impact on car insurance rates. Therefore, you’ll have to get an auto insurance quote from multiple companies to get affordable auto insurance rates.

It’s not too late to find $50 a month car insurance rates for yourself. Before you buy $50 a month auto insurance, compare car insurance companies in your local area by entering your ZIP code in our free comparison tool to get started.

Frequently Asked Questions: $50 a Month Car Insurance

Let’s go over a few frequently asked questions that you see on search engines across the internet. Also, we’ll recap on how you can get cheap car insurance.

Do you still want to calculate your car insurance? The best car insurance calculator is our free comparison tool.

#1 – Is $50 a month car insurance possible?

Yes. The NAIC reported that liability-only auto insurance is $46 per month on average, which is car insurance under $50 per month.

#2 – What is the best month to find $50 a month car insurance?

The best months to get $50 car insurance deals are February and August. These are months when people generally don’t purchase vehicles.

#3 – Can I pay $50 for one month for car insurance?

Yes. If you don’t drive your car that often, you can enroll in a pay-as-you-drive car insurance program and pay as low as $20 per month.

#4 – Should I pay for my $50 a month car insurance monthly or annually?

It depends on what works for you. Paying annual car insurance in full at the beginning of your policy will make your rates cheaper. Most consumers pay a deposit to car insurance companies and pay monthly.

#5 – Who needs car insurance under $50 a Month?

Anyone who’s searching for cost-efficient insurance will need car insurance under 50 dollars. The cheapest options for car insurance under 50 dollars are liability-only auto insurance and pay-as-you-drive auto insurance.