Reducing your car insurance to minimum coverage could save you thousands on premiums. But when is it worth the risk?

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

What exactly does car insurance cover? This is one of the most common questions we get, but the answer is surprisingly complex. It depends on the state where you live, what coverage you’ve chosen, who ...

See how rates, coverage and quality compare.

According to Experian data, the average American driver pays roughly $2,328 per year for full coverage auto insurance in 2025. If you carry only the minimum coverage required by your state, that drops ...

Full coverage car insurance protects you and your vehicle in many situations, from fender benders and fallen tree branches to vandalism and theft. But there are a surprising number of things most ...