Is $78.76 a Good Monthly Rate for Auto Insurance?

Is $78.76 Per Month a Good Auto Insurance Rate?

At $78.76 per month, or about $945 per year, that rate is close to the U.S. average for full coverage and can be considered good value if it includes a strong mix of liability, collision, comprehensive, and common discounts. What follows breaks down how this price compares nationally and by state, what influences premiums, and how to judge whether it is a good fit for your coverage needs and driving profile.

National Price Benchmarks and Context

National averages help contextualize whether $78.76 per month is competitive. These figures are estimates based on quoted premiums and vary by company and state.

• Full‑coverage average: roughly $115–$145 per month (≈ $1,380–$1,740 per year).
• Minimum‑coverage average: roughly $60–$90 per month (≈ $720–$1,080 per year).
• Annual quote comparison: $945 per year sits between typical minimum and full‑coverage ranges, making it a midpoint option.

Monthly to Annual Conversion Reference

Use this quick reference to compare monthly premiums at different price points.

What Drives the $78.76 Monthly Rate

Insurers weigh many factors when setting premiums. Understanding these can help you assess whether the quoted $78.76 reflects a fair risk profile for you.

• Location: Urban density, traffic, crime, and weather raise or lower risk.
• Driving record: Tickets and at‑fault claims typically increase rates; clean records lower them.
• Vehicle type: Repair cost, safety, theft rate, and power affect premium components.
• Coverage selections: Higher limits, collision, and comprehensive add cost; deductibles shift cost between you and the insurer.
• Demographics and credit: Age, experience, and (where permitted) credit history influence pricing.
• Discounts: Bundling home/auto, multi‑policy, safe driver, low mileage, and defensive courses can reduce premiums.

How $78.76 Stacks Up by State

State averages for full coverage often range from the high $60s in some Midwestern states to well over $100 in parts of the Northeast and Gulf Coast. If $78.76 is near or below your state's typical full‑coverage quote, it is likely competitive; if it is above average, shopping carriers and reviewing discounts is worthwhile.

Evaluating Whether $78.76 Is Good for You

A rate is "good" when it balances cost with the protection you need. Consider these steps to judge value beyond the monthly number.

Compare Apples to Apples

Ensure quotes include identical coverages and limits. Common packages to compare:

• State minimum liability.
• Full coverage (collision + comprehensive) with standard deductibles (e.g., $500).
• Higher liability limits (e.g., 100/300/100) if you have significant assets to protect.

Check Policy Features

• Deductible choice and how it affects premium.
• Access to roadside assistance, rental reimbursement, and accident forgiveness.
• Discount eligibility and member programs.

Run a Quote Checklist

Actionable Next Steps

To determine if $78.76 is a good rate in your case, obtain at least three quotes with matching coverage, ask each insurer about available discounts, and compare financial strength and customer satisfaction. If your driving record is clean, you carry adequate liability, and you qualify for discounts, $78.76 can represent solid value; if your profile has risk factors or your coverage is sparse, revisiting policy details could yield a better price or broader protection.

Key Takeaways

• $78.76/month (~$945/year) is typically a mid‑range price between minimum and full‑coverage averages.
• What makes it "good" is the level of coverage, your risk profile, and available discounts.
• Compare identical coverage limits and deductibles across insurers to judge value.
• Location, vehicle, and driving history are the largest drivers of price differences.
• Periodic reviews and bundling opportunities can lower costs over time.