Should You Work While in College?

Working while in college is a big decision, and it comes with both rewards and challenges. On one hand, having a job can help you gain financial independence, build valuable skills, and expand your professional network. On the other hand, it can also add stress, take time away from studying, and limit your social life.

If you’re debating whether or not you should get a job in college, it’s important to carefully weigh both the benefits and drawbacks. Here’s a look at how the pros and cons stack up, plus some important factors to consider when looking for a college job.

Key Points

•   Working during college enhances financial independence by reducing reliance on loans and providing extra income.

•   A college job helps students develop valuable work skills likes time management, communication, and teamwork.

•   Working can expand your professional network, connecting you with future job opportunities and career guidance.

•   Potential drawbacks include negative impacts on academic performance, social life, and overall well-being due to increased stress.

•   Students should seek flexible jobs that align with their academic goals to maintain balance.

Pros of Working While in College

There are several reasons to consider working while in college. Some of the key benefits include:

•   Extra cash for discretionary expenses: Even if your education is entirely funded through financial aid, you can’t use that money for fun things, like streaming services, concerts, road trips, and social events. Money earned from a part-time job, however, can go right into your student bank account and is yours to spend freely.

•   Reduced debt: Given the high cost of tuition and other college expenses, many students turn to federal and private student loans to fill in funding gaps. Earning money through a part-time job or flexible side hustle can help cover your expenses and lessen your reliance on loans, allowing you to leave school with less debt.

•   Work experience and skill development: Holding a job while in college can provide valuable work experience that can enhance your resume. You can develop skills such as time management, communication, teamwork, and problem-solving, which tend to be highly valued by employers. Gaining work experience early can also give you a competitive edge when entering the job market after graduation.

•   Networking opportunities: No matter how many hours you work each week, having a job in college can help expand your professional network. Part-time jobs, internships, and on-campus positions often give students the opportunity to connect with professors, employers, and colleagues who may be able to provide job opportunities or career guidance in the future.

💡 Quick Tip: Banish bank fees. Open a new bank account with SoFi and you’ll pay no overdraft, minimum balance, or any monthly fees.

Cons of Working While in College

While working during college comes with financial and other benefits, there are some potential drawbacks to consider:

•   Impact on grades: There are all kinds of ways to earn extra cash as a student. But time spent working is time you can’t spend on your school work. If you work too much and don’t allocate enough time to complete your homework, school projects, and/or study for tests, you might notice your grades starting to slip.

•   Less time for socializing and other activities: College is not only about academics but also about building friendships and gaining new experiences. While you may meet new people through a job, you may find yourself working evenings and weekends — prime socializing time with your classmates. A demanding job can also limit your ability to get involved in extracurricular activities, which is another important aspect of college life.

•   Increased stress and fatigue: Balancing work and school can be stressful. Long hours at work, combined with academic responsibilities, can lead to burnout and exhaustion. If not managed properly, this stress can negatively affect your mental health and well-being, and take a toll on your work performance and academic success.

•   Impact on future financial aid: While money earned through work-study programs can’t impact your financial aid, any other income you earn needs to be reported when you file your Free Application for Federal Student Aid (FAFSA). If you bring in more than $11,000 from working while you’re in college (from non-work-study jobs), it could potentially affect your financial aid package in future years.

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Up to 3.80% APY on savings balances.

Up to 2-day-early paycheck.

Up to $3M of additional
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Things to Consider If You Decide to Work While in College

If you feel the pros of working while in college outweigh the cons, here are some important factors to keep in mind when searching for a job, as well as deciding on how many hours you should work as a student.

Work Schedule Flexibility

A flexible work schedule is important when you’re balancing school and employment. The best jobs for students generally offer adjustable hours and/or allow you to alter your schedule each semester as your class schedule changes. Work-study programs (which may be offered as part of a financial aid package) can be ideal, since they are designed to work around a student’s schedule, allowing you to prioritize class time and study time.

Impact on Academics

If you think a particular part-time job could have a negative impact on your academic performance, you’ll want to think carefully before applying. This is particularly important if you have a scholarship that depends on maintaining a certain grade point average. Losing merit money would likely negate any of the financial benefits of working while in school.

Type of Job

Not all college jobs provide equal benefits for college students. Some roles, such as internships or on-campus jobs, may align with your academic and career goals and offer valuable experience. Others may be unrelated to your field of study but come with other perks, like allowing you to do some studying while you’re on the job or generally being low stress. When considering different employment options, you’ll want to weigh all the pros and cons.

Recommended: 15 Side Hustles With a Low Startup Cost

Campus Resources

Your college or university may offer a number of resources to help you find part-time work, particularly jobs that pair well with being a part- or full-time student. Consider tapping your school’s career center, student employment office, and your college advisor for guidance on job opportunities, as well as time management strategies that can help you juggle working with being a student.

Stress and Time Management

Before you commit to working a set number of hours each week, you’ll want to assess how much time you realistically have to devote to working. Be sure to factor in classes, homework/studying, extracurricular activities, and (yes) downtime. Also consider how stressful the role might be. Generally, the best jobs for college students are low-pressure positions that don’t require checking your email outside of working hours.

While working may be financially helpful, understanding your personal limits and avoiding overcommitment is essential to maintaining overall well-being while you’re in college.

Logistics

If you live on campus and don’t have access to a car, you may want to limit your job search to employers located on or near campus, or you might look into remote job opportunities. If you need to expand your search to jobs that require public transportation, keep in mind that transit time will cut into the time you have for studying and other activities.

The Takeaway

Working while in college has a number of benefits, including financial rewards, job experience, skill development, and building a network you may be able to tap after you graduate. But having a job while you’re in school also has some downsides, including added stress and less time for studying, extracurricular activities, and socializing.

Ultimately, the decision to work while in college will depend on your individual circumstances and goals. With careful planning and time management, students can often successfully navigate both work and academic responsibilities, setting themselves up for success both in college and beyond.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.


Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy up to 3.80% APY on SoFi Checking and Savings.

FAQ

How many hours a week should a college student work?

The number of hours a college student should work depends on individual circumstances, academic workload, and financial needs. Generally, experts recommend working no more than 15 to 20 hours per week to ensure your academic performance isn’t negatively affected. Part-time jobs with flexible schedules can help students maintain a healthy balance between work and school.

Is it common to work while in college?

Yes, it is common for college students to work while pursuing their degrees. Many students take on part-time jobs, internships, or work-study positions to support themselves financially and gain work experience. According to the most recent U.S. Bureau of Labor Statistics, about 81% of part-time undergraduate students and 42% of full-time students in the U.S. work while they are in school.

What are common jobs for college students?

There’s a wide variety of jobs for college students. Work-study programs typically offer students on-campus jobs, such as being an assistant in a library, administrative office, or lab. Many students also find employment off campus. Common off-campus jobs include being a barista, cashier, restaurant server/host, retail sales associate, receptionist, line cook, and childcare provider. Remote jobs, such as social media management or online tutoring, are also popular among students looking for flexibility.


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The SoFi Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.


SoFi members with direct deposit activity can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. SoFi members with direct deposit are eligible for other SoFi Plus benefits.

As an alternative to direct deposit, SoFi members with Qualifying Deposits can earn 3.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant. SoFi members with Qualifying Deposits are not eligible for other SoFi Plus benefits.

SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 3.80% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.

SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.

Separately, SoFi members who enroll in SoFi Plus by paying the SoFi Plus Subscription Fee every 30 days can also earn 3.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. For additional details, see the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.

*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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9 Side Hustles for College Students

If you need extra cash to cover college expenses but you don’t have time for a regular part-time job, you might want to pursue a side hustle. Unlike a traditional college job, a side hustle gives you a fair amount of control over what you do, when you do it, and how much time you spend doing it.

Whether you need a flexible schedule or prefer remote work, there are plenty of opportunities to earn money without significantly disrupting your studies. Here’s a look at some of the best side hustles for college students, including key details like the job’s income potential, costs, and ease of entry.

Key Points

•   Driving for rideshare apps offers flexible hours but incurs vehicle-related expenses.

•   Food and grocery delivery is a side hustle you can do with or without a car.

•   Dog walking and pet sitting are flexible gigs with low or no startup costs.

•   Babysitting offers good pay and flexibility, and may allow time for studying.

•   Online freelancing in creative fields can be profitable but competitive.

1. Driving for a Rideshare App

If you enjoy driving and have a reliable four-door vehicle, you might consider transporting people from one place to another through Uber or Lyft. This is a flexible side hustle for students, since you can drive as little or as much as you’d like and work around your classes.

To earn extra money this way, however, you’ll need to meet some basic requirements: To drive for Uber, you need at least three years of driving experience if you’re under age 25; to drive for Lyft, you need to be 25 or older. There are also costs involved with this gig, including gas and car maintenance, which can reduce how much actual profit will land in your student bank account.

Average income: $19 per hour

Costs: Gas, maintenance, insurance, and vehicle depreciation

Remote vs. in-person: In-person

Ease of entry: Moderate (must meet driver requirements and have a qualifying vehicle)

Platforms: Uber, Lyft

2. Delivering Food or Groceries

If you’re not wild about having strangers in your car, you might prefer delivering meals, groceries, or other items through a delivery app like DoorDash, Grubhub, or Instacart. For this college side job, you don’t necessarily even need a car. Some delivery apps allow you to make deliveries by bike or scooter, which can reduce your out-of-pocket expenses.

When you work for delivery apps, you generally get paid per order and can keep your 100% of your tips. One way to potentially boost your earnings is to work for multiple apps at the same time.

Average income: $18 per hour

Costs: Gas, vehicle maintenance, and sometimes insulated delivery bags

Remote vs. in-person: In-person

Ease of entry: Easy (for driving you’ll need a valid driver’s license and a reliable vehicle)

Platforms: DoorDash, Uber Eats, Instacart, Grubhub, Shipt

💡 Quick Tip: Banish bank fees. Open a new bank account with SoFi and you’ll pay no overdraft, minimum balance, or any monthly fees.

3. Dog Walking

If you love dogs and being outside, dog walking can be a good side hustle while you’re in college. If you can find enough clients in a close radius, you might be able to walk several dogs each day in between classes.

Dog walking apps like Rover or Wag make it easy to get started by giving you access to an existing pet-owner network. These apps also allow you to set your own rates and schedule. The downside is that there are typically startup fees, and the app will take a cut of your earnings (anywhere from 20% to 40%). Alternatively, you could start your own dog walking service and drum up business through flyers, word of mouth, social media posts, and/or a website.

Average income: $17 per hour

Costs: Minimal (leashes, treats, or pet waste bags if not provided by owners)

Remote vs. in-Person: In-person

Ease of entry: Easy (some experience with dogs is beneficial)

Platforms: Rover, Wag, Fetch!

Recommended: 15 Low-Cost Side Hustles

4. Pet Sitting or House Sitting

Instead of dog walking, you might pick up work as a pet sitter through apps like Wag and Rover. This generally involves being with the pet for longer stints than dog walking and doing additional tasks, such as feeding pets, playing with them, and giving them medication.

Housesitting is another potential side hustle for college students. When people travel, they may hire someone to stay in their homes, water the plants, get the mail, put out the trash cans, etc. while they’re away. This can be an easy way to earn money with minimal effort. It can also be a nice break from living in the dorms. Some jobs combine house sitting with pet sitting.

Average income: $16-$17 per hour; $50-$100 per day (for live-in)

Costs: Minimal (transportation, possible background checks)

Remote vs. in-person: In-person

Ease of entry: Easy (trusted references and experience can help)

Platforms: Wag, Rover, HouseSitter.com, TrustedHousesitters, House Sitters America

5. Babysitting

If you’re good with kids, babysitting can be a good side hustle for college students. Child care positions generally pay well, particularly if you have babysitting experience or special certifications, like CPR. These gigs may also allow time for studying while the kids are sleeping or doing homework.

You can find nearby babysitting gigs on sites like Care.com and Sittercity. Another option is to market your services by networking and/or posting flyers on bulletin boards where parents of young children tend to go, such as a local coffee shop, gym, or library.

Average income: $18 per hour

Costs: Minimal (transportation, potential background check fees)

Remote vs. in-person: In-person

Ease of entry: Easy (experience with children is helpful, and CPR certification can increase opportunities)

Platforms: Care.com, Bambino, UrbanSitter, Sittercity

💡 Quick Tip: Most savings accounts only earn a fraction of a percentage in interest. Not at SoFi. Our high-yield savings account can help you make meaningful progress towards your financial goals.

Get up to $300 when you bank with SoFi.

No account or overdraft fees. No minimum balance.

Up to 3.80% APY on savings balances.

Up to 2-day-early paycheck.

Up to $3M of additional
FDIC insurance.


6. Resident Advisor (RA)

Resident advisors (RAs) are an important part of college dorm life. They serve as mentors to new students, host events and activities on their floor, and help resolve student conflicts. In some cases, RAs get paid a flat salary or stipend. But more commonly they receive compensation in the form of free room and board which typically includes a single-occupancy room, for the duration of their RA appointment.

To become an RA, you generally need to complete an application, interview, and training. You also typically need a certain minimum GPA and have spent one year living on campus.

Average income: Stipend or free housing (varies by school)

Costs: None

Remote vs. in-person: In-person

Ease of entry: Moderate to difficult (requires an application, interview process, and often prior dorm experience)

Platforms: University housing departments

7. Cleaning, Yard Work, and Odd Jobs

If you’re willing to put some muscle into your college side hustle, there’s a wide range of gigs you might be able to get, including yardwork, housekeeping, painting houses, running errands, and assembling furniture. This type of work offers a lot of flexibility, making it a good way to earn extra cash when you have gaps in your schedule. You can advertise your services on your own (family members, friends, and neighbors can make great initial clients) or find work through an app like TaskRabbit or Care.com.

Average income: $18 per hour

Costs: Minimal (cleaning supplies or tools if not provided)

Remote vs. in-person: In-person

Ease of entry: Easy (can start by offering services to neighbors or through gig apps)

Platforms: TaskRabbit, Thumbtack, Angi Services, Handy, Care.com (housecleaning only)

8. Tutoring

If you excel in a particular subject, tutoring can be a lucrative and flexible side job for college students. Potential clients might include peers who are taking a class you already aced and high schoolers looking for help with their classwork or prepping for a test like the SAT or ACT.

To get started, you might advertise your services through fliers, word of mouth, and social media. Alternatively, you could apply to work through a tutoring platform like Wyzant or Varsity Tutors. Either way, tutors can typically set their own rates and availability and have the option to work in-person or virtually.

Average income: $20 per hour

Costs: Minimal (teaching materials, advertising)

Remote vs. in-person: Both

Ease of entry: Moderate (requires expertise in a subject and possibly certification for some platforms)

Platforms: Tutor.com, Wyzant, Varsity Tutors, TutorMe

Recommended: Benefits of a Side Hustle

9. Freelancing Online

Freelancing offers numerous opportunities for students skilled in writing, graphic design, programming, marketing, or other creative fields. It’s also one of the best remote side hustles available.

If you’re new to freelancing, sites like Upwork and Fiverr may be your best bet for finding work. Just keep in mind that competition for jobs on these platforms tends to be fierce, and rates may be lower than what you might get on your own. Alternatively, you can also use word of mouth, social media, and a website to market your creative services.

Average income: $48 per hour

Costs: Minimal (may need software subscriptions, portfolio, website)

Remote vs. in-person: Remote

Ease of entry: Difficult (some fields are highly competitive)

Platforms: Upwork, Fiverr, Behance, Freelancer.com, FlexJobs

The Takeaway

Balancing work and school can be challenging, but the right side hustle can make it possible to earn extra money without too much interference with your studies. Some of the best side hustles for college students include driving for a rideshare or delivery app, walking dogs, babysitting, tutoring, freelancing online, and picking up odd jobs like painting or assembling furniture.

As you start making money from your side hustle, you’ll need a great place to deposit it. To make the most of your earnings, be sure to look for a bank account that charges minimal or zero account fees and offers competitive interest – even on checking.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.


Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy up to 3.80% APY on SoFi Checking and Savings.


Photo credit: iStock/Maksym Belchenko

SoFi® Checking and Savings is offered through SoFi Bank, N.A. ©2025 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender.
The SoFi Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.


SoFi members with direct deposit activity can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. SoFi members with direct deposit are eligible for other SoFi Plus benefits.

As an alternative to direct deposit, SoFi members with Qualifying Deposits can earn 3.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant. SoFi members with Qualifying Deposits are not eligible for other SoFi Plus benefits.

SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 3.80% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.

SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.

Separately, SoFi members who enroll in SoFi Plus by paying the SoFi Plus Subscription Fee every 30 days can also earn 3.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. For additional details, see the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.

*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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Average Cost of Car Insurance in Arizona

Average Cost of Car Insurance in Arizona

When you’re shopping for car insurance in Arizona, it can help to know the average cost of coverage. That way, you can compare the figure to the quotes you’re receiving.

Of course, a number of factors can influence how much you pay for car insurance. Besides geography, insurers may consider your driving record, age, gender, credit score, car type, and level of coverage. Rates can also vary by insurance company, which is why it makes sense to shop around.

Here’s a look at the average cost of car insurance in Arizona and how different factors may impact how much drivers there pay for protection.

Key Points

•   Arizona drivers pay an average of $1,626 annually for car insurance, which is lower than the national average of $2,068.

•   Insurance rates in Phoenix are the highest among Arizona cities.

•   Younger drivers, particularly males, face higher insurance premiums.

•   Arizona drivers with poor credit scores typically pay more for car insurance.

•   Accidents or traffic violations can lead to increased insurance rates.

How Much Does Car Insurance Cost in Arizona?

Drivers in Arizona pay an average of $1,626 per year for car insurance coverage, according to a 2025 U.S. News & World Report analysis of cheap car insurance companies. This is lower than the national average of $2,068 per year.

Average Car Insurance Cost in Arizona Per Month

The average monthly cost of car insurance in Arizona is $135.50. That’s lower than the national monthly average of $172.33. As the chart below shows, the amount you pay can vary by insurer.

Company Average Cost per Month Average Annual Cost
Allstate $176.92 $2,123
Farmers Insurance $158.50 $1,902
Geico $103.33 $1,240
Mercury $129.92 $1,559
Nationwide $128.33 $1,540
Progressive $114.25 $1,371
State Farm $111.08 $1,333
The General $252.92 $3,035
Travelers $90.42 $1,085
USAA $102.33 $1,228

Source: U.S. News & World Report

Average Car Insurance Cost in Arizona By City

Where you live can impact how much you’ll pay for car insurance. That’s because when determining how much to charge for coverage, insurers often take into account local rates of traffic, accidents and crime. As a general rule, people living in cities tend to pay more for car insurance than those living in small towns or rural areas. And as the chart below shows, that amount can also fluctuate depending on which city you call home. Here are estimates for five of the biggest cities in Arizona:

Recommended: Does Auto Insurance Roadside Assistance Cover Keys Locked in a Car?

City Average Annual Cost
Chandler $1,938
Mesa $1,976
Phoenix $2,251
Scottsdale $1,958
Tucson $1,879

Source: Insure.com

Recommended: Does Auto Insurance Roadside Assistance Cover Keys Locked in a Car?

Average Car Insurance Cost in Arizona By the Age and Gender of the Driver

Your age can impact premium prices. In general, younger, newer drivers tend to pay higher premiums because they tend to have more accidents than older, more experienced drivers. Gender can play a role in costs, too. Women often pay lower premiums than men because they tend to get into fewer severe accidents.

Age of Driver Average Annual Cost for Male Drivers Average Annual Cost for Female Drivers
17 $6,324 $5,527
25 $2,026 $1,901
60 $1,452 $1,336

Source: U.S. News and World Report

Average Car Insurance Rates After an At-Fault Accident

Your driving record matters, and car insurance rates can go up after an accident or traffic violation. For example, drivers in Arizona with one accident on their record pay an average rate of $2,373 per year for coverage, or $747 more than the state average. One speeding ticket can boost a driver’s average annual rate to $2,035, or $409 higher than the state average. And one driving under the influence (DUI) offense may raise the average annual rate to $2,412, or $786 higher than the state average.

Average Car Insurance Costs for Good and Bad Credit

Some states prohibit insurance companies from pulling your credit report, but it’s allowed in Arizona — and the results could impact how much your coverage costs. Drivers with bad credit could end up paying hundreds more per year for car insurance. An analysis from LendingTree found that drivers with poor credit pay an average of $4,088 per year for full coverage insurance, while those with good credit pay around $2,096.

What Else Affects Your Car Insurance Cost?

Let’s look at other factors that can impact how much someone pays for car insurance.

Insurance History

Drivers who allow their coverage to lapse may be more likely to cancel their policy, so having a reliable history with one insurer may qualify you for a lower rate. In fact, it’s possible you’ll get a better quote when switching car insurance carriers than if you purchased insurance after going a few years without it.

Make and Model of the Car

When setting a rate, insurance companies often consider how expensive it would be to repair or replace the driver’s car. The higher these costs are, the more the driver will likely pay for coverage. However, if you have a newer car that’s equipped with more safety features, you may be eligible for a lower rate.

Marital Status

Married drivers may qualify for more discounts than single drivers, since insurers often place them in a different risk category.

Amount of Coverage

How much car insurance do you need? The answer depends on a number of factors, including your state’s minimum car insurance requirements, your budget, and your lifestyle. As a rule of thumb, the more coverage you have, the more expensive your policy will likely be.

Recommended: How to Get Car Insurance

How to Get Affordable Car Insurance

The cost of coverage varies by insurer. To find affordable coverage, it’s a good idea to shop around and compare quotes from various online insurance companies.

But first, you’ll want to figure out how much car insurance you need. Keep in mind your state’s minimum car insurance requirements as well as additional coverage you may need.

Looking to lower your car insurance? There are several strategies to consider. You may want to explore different policy options; look for bundling opportunities, such as getting your home and auto insurance from the same company; ask about possible discounts: and consider whether a policy with a higher deductible makes sense for you.

The Takeaway

Drivers in Arizona pay an average of $1,626 per year for car insurance, which is lower than the national average of $2,068 per year. But as in most states, the amount you pay in Arizona can depend on a wide range of factors, such as your age, gender, driving record, credit score, and even where you live. You can search online insurance companies and compare multiple car insurance rates.

When the unexpected happens, it’s good to know you have a plan to protect your loved ones and your finances. SoFi has teamed up with some of the best insurance companies in the industry to provide members with fast, easy, and reliable insurance.

Find affordable auto, life, homeowners, and renters insurance with SoFi Protect.

FAQ

How much is full coverage car insurance in Arizona?

The average cost of car insurance is $1,626 annually, which breaks down to $135.50 monthly. Your costs may be different, depending on your age, gender, driving record, credit scores, the city or town you live in, and more.

Is $300 per month a lot for car insurance in Arizona?

In many cases, the average monthly cost for coverage is below $300. But premium amounts vary based on a number of factors. A 17-year-old male driver, for example, could very well pay more than $300 per month because of his age and lack of driving experience.

How much car insurance should I have in Arizona?

Arizona requires the following minimum coverage limits: $25,000 for one person who sustains injury or death in an accident; $50,000 for two or more people sustaining injury or death; and $15,000 for property damage (other people’s). You can have more than that amount but not less.


Photo credit: iStock/twildlife

Auto Insurance: Must have a valid driver’s license. Not available in all states.
Home and Renters Insurance: Insurance not available in all states.
Experian is a registered trademark of Experian.
SoFi Insurance Agency, LLC. (“”SoFi””) is compensated by Experian for each customer who purchases a policy through the SoFi-Experian partnership.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Average Cost of Car Insurance in Texas for 2023

Average Cost of Car Insurance in Texas

If you drive a car in Texas, you’ll need to make room in your budget for car insurance. The state requires it. The amount you’ll pay for protection depends on a number of factors, such as your driving record, age, car type, and insurer. Understanding the cost of coverage in your area can help as you’re comparing quotes. Keep reading to learn more about the average cost of car insurance in Texas.

Key Points

•   The average cost of car insurance in Texas is $1,716 per year, lower than the national average.

•   Factors influencing rates include driving record, age, location, credit score, and car type.

•   To save on car insurance, compare quotes from multiple insurers and consider a higher deductible.

•   Choosing a car with lower insurance costs can help reduce your premiums in Texas.

•   Discounts may be available for good driving records, defensive driving courses, and good student grades.

How Much Does Car Insurance Cost in Texas?

The average cost of car insurance in Texas is $1,716 per year, according to a 2025 U.S. News & World Report analysis of cheap car insurance companies. By comparison, the national average is $2,068 per year.

Average Car Insurance Cost in Texas per Month

The average cost of car insurance in Texas is $143 per month, which is $29.33 less than the national monthly average of $172.33. But as the chart below shows, prices can vary greatly among the state’s insurers.

Company Average Cost Per Month Average Annual Cost
AAA $164.33 $1,972
Allstate $207.08 $2,485
Geico $116.75 $1,401
Mercury $124.08 $1,489
National General $133.92 $1,607
Nationwide $140.75 $1,689
Progressive $170.25 $2,043
State Farm $82.83 $994
Texas Farm Bureau $71.92 $863
USAA $111 $1,332

Source: U.S. News & World Report

Average Car Insurance Cost in Texas by City

Where you live can also impact how much you spend on car insurance. The rate of theft, vandalism, and accidents in your area can help online insurance providers estimate how likely you are to file a claim, which can raise insurance costs. In the chart below, notice how rates vary even among 10 major cities in Texas.

Recommended: How to Calculate Expected Rate of Return

City Average annual cost
Arlington $2,080
Austin $1,930
Corpus Christi $2,013
Dallas $2,278
El Paso $2,112
Fort Worth $2,030
Houston $2,317
Lubbock $2,253
Plano $1,994
San Antonio $2,181

Source: Insure.com

Average Car Insurance Cost in Texas by Age and Gender of the Driver

Usually, teen drivers (aka new drivers) can expect to spend more on car insurance than older drivers. Gender is another consideration. Because women statistically get in fewer car accidents and have fewer DUI incidents, they tend to spend less on car insurance. Here’s a look at average annual premiums by different age groups.

Company 17-Year-Old-Female 17-Year-Old-Male 25-Year-Old-Female 25-Year-Old-Male 60-Year-Old-Female 60-Year-Old-Male
AAA $7,298 $7,950 $1,930 $1,995 $1,635 $1,693
Allstate $2,937 $3,860 $1,221 $1,277 $826 $826
Geico $6,154 $6,673 $1,505 $1,637 $1,159 $1,257
Mercury $3,172 $3,581 $1,330 $1,427 $1,081 $1,301
National General $4,947 $6,485 $1,604 $1,754 $1,179 $1,263
Nationwide $10,454 $11,707 $1,988 $2,107 $1,104 $1,124
Progressive $2,821 $3,533 $1,127 $1,307 $923 $923
State Farm $2,971 $4,646 $1,545 $1,658 $927 $951
Texas Farm Bureau $3,697 $4,523 $1,342 $1,406 $1,042 $1,100
USAA $2,936 $3,147 $1,045 $1,078 $695 $693
Statewide Average $4,541 $5,397 $1,462 $1,552 $1,049 $1,097

Source: U.S. News & World Report

Average Car Insurance Rates After an At-Fault Accident

Your driving record plays a big role in the auto insurance rates you’re offered. In general, the better someone’s record is, the less they’ll spend on insurance. This table compares how much someone can generally expect to spend on car insurance in Texas when they have a clean record and after just one at-fault accident.

Type of Policy Clean Record Premium After One At-Fault Accident Premium
Full Coverage Car Insurance $1,716 $1,799

Source: U.S. News & World Report

Average Car Insurance Costs for Good and Bad Credit

Some insurance companies examine applicant credit scores when determining rates, as certain credit behaviors can indicate how likely someone is to file a claim. Rates can increase for drivers with lower credit scores. See how the average cost of full coverage car insurance in Texas differs between drivers with good and bad credit scores.

Type of Policy Good Credit Premium Bad Credit Premium
Full Coverage Car Insurance $2,096 $4,088

Source: LendingTree

What Else Affects Car Insurance Costs?

Other factors that can affect car insurance costs include:

How Much You Drive

The more someone drives, the more likely they are to get in an accident simply because they are on the road more often. As a result, driving more miles can lead to higher insurance prices.

Recommended: Does Auto Insurance Roadside Assistance Cover Keys Locked in a Car?

Make and Model of Your Car

When setting a rate, insurance companies often consider how expensive it would be to repair or replace the driver’s car. The higher these costs are, the more the driver will likely pay for coverage.

Amount of Coverage

How much car insurance do you need? The amount may be based on your personal preference or your state’s minimum car insurance requirements. But in general, the more coverage you have, the more expensive your policy will likely be.

Related: Car Insurance Terms, Explained

How to Get Affordable Car Insurance

Looking to lower your car insurance costs? Consider these tips and tricks for finding a more affordable car insurance policy.

Compare Quotes From Different Insurers

There’s no need to accept the first quote you’re offered. Instead, shop around with a few different auto insurance issuers to see which can offer the most coverage for the best price.

Recommended: How to Get Car Insurance

Choose a New Car Carefully

If you’re shopping for a new car, you may want to factor in the cost of insurance. The Insurance Institute for Highway Safety shares helpful information on its website, iihs.org, about the cost of insuring different makes and models of cars.

Consider Whether a Higher Deductible Is Right for You

Choosing a higher deductible often means spending less on monthly premiums. However, it’s important to select a deductible you’ll be able to pay if you ever do need to file a claim.

Ask for Discounts

From taking a defensive driving course to earning good grades as a college student, there are many different ways you may qualify for a discount on your car insurance. If you’re looking to lower your monthly bill — and who isn’t? — then it can’t hurt to ask your insurer if you qualify for any discounts.

The Takeaway

The average cost of car insurance in Texas is $1,716 per year, or $143 per month. The amount you’ll spend on car insurance depends on several factors, including your driving record, age, gender, location, credit score, and insurer.

When the unexpected happens, it’s good to know you have a plan to protect your loved ones and your finances. SoFi has teamed up with some of the best insurance companies in the industry to provide members with fast, easy, and reliable insurance.

Find affordable auto, life, homeowners, and renters insurance with SoFi Protect.

FAQ

How much is car insurance in Texas per month?

The average cost of car insurance in Texas is $1,716 annually. This breaks down to $143 per month.

Is car insurance expensive in Texas?

According to U.S. News & World Report, the average price of car insurance in Texas is higher than all but 12 other states in its 2025 study.

Is $300 a lot for car insurance?

In many cases, the average monthly cost for coverage in Texas is well below $300. But remember, the amount you pay depends on a number of different factors. A 17-year-old woman, for example, could very well pay more than $300 per month largely because of her age and lack of driving experience.


Photo credit: iStock/lightkey

Auto Insurance: Must have a valid driver’s license. Not available in all states.
Home and Renters Insurance: Insurance not available in all states.
Experian is a registered trademark of Experian.
SoFi Insurance Agency, LLC. (“”SoFi””) is compensated by Experian for each customer who purchases a policy through the SoFi-Experian partnership.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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Average Cost of Car Insurance in California for 2023

Average Cost of Car Insurance in California

Most drivers know that the cost of car insurance in California varies, sometimes by hundreds of dollars. What you pay may be substantially different from what your friend pays, even if you have similar driving records and similar cars. That’s because there are dozens of data points that car insurance companies consider, from your age and Zip code to your insurance deductible and amount of coverage.

Keep reading to find out the average cost of car insurance in California, and how you can lower your premiums without sacrificing the coverage you need.

Key Points

•   The average annual cost of car insurance in California is $1,782.

•   Key factors affecting premiums include age, location, driving record, vehicle type, and coverage level.

•   Shopping around and bundling policies can help reduce car insurance costs.

•   Location impacts premiums, with urban areas being more expensive due to higher risks.

•   Younger drivers typically pay more, with rates decreasing as age and experience increase.

How Much Does Car Insurance Cost in California?

Drivers in California pay on average $1,782 a year for auto insurance, according to U.S. News & World Report. In a state where housing prices and the cost of living are so high, it stands to reason that car insurance is expensive as well. But what exactly goes into insurance companies’ calculations?

The California Department of Insurance weighs the following information in its estimates:

•   Coverage type. Liability Only vs. Standard.

•   Location. Divided into cities and, in bigger cities, into regions/neighborhoods.

•   Number of drivers covered. Single, couple, or family.

•   Years licensed.

•   Annual mileage.

•   Driving record.

•   Vehicle.

Average Car Insurance Cost in California per Month

Interested in getting car insurance in California? As you shop around, keep in mind that each insurance company has its own formula for calculating insurance rates. The table below shows how premiums vary among the ten largest insurance companies serving California.

Insurance Company Annual Premium Monthly Premium
Allstate $1,884 $157
CSAA $1,785 $148.75
Farmers $2,130 $177.50
Geico $1,352 $112.66
Kemper $2,007 $167.25
Mercury $1,503 $125.25
Nation General $1,703 $141.91
Nationwide $2,683 $223.58
State Farm $2,042 $170.16
Wawanesa General $1,214 $101.16

Source: U.S. News & World Report

Average Car Insurance Cost in California By City

Your location has a big influence on the cost of car insurance in California. Insurance companies actually track traffic volume, accidents, and crime in different neighborhoods across the state. Drivers in more populated areas typically pay more than those who live in small towns or out in the countryside.

Here are average costs for standard car insurance in ten of California’s biggest cities.

City Annual Premium Monthly Premium
Anaheim $2,572 $214.33
Bakersfield $2,477 $204.42
Fresno $2,385 $198.75
Long Beach $2,681 $223.42
Los Angeles $3,149 $262.42
Oakland $2,802 $233.50
Sacramento $2,665 $222.08
San Diego $2,324 $193.67
San Francisco $2,777 $231.42
San Jose $2,406 $200.50

Source: Insure.com

Recommended: Does Auto Insurance Roadside Assistance Cover Keys Locked in a Car?

Average Car Insurance Cost in California By Age of Driver

A driver’s age (or experience level, really) also plays a role in the cost of car insurance. A teenager who has just gotten their license is considered a greater risk by insurance companies. Higher risk translates to higher premiums. This is why many teens share a policy with parents. Once a driver hits age 20 (and still has a clean driving record), premiums often decrease. To find the best deal for younger drivers, compare quotes from an online insurance marketplace.

Age of Driver Average Annual Cost for Men Average Annual Cost for Women
17 $4,896 $4,896
25 $2,149 $2,149
60 $1,546 $1,546

Average Car Insurance Cost in California After an At-Fault Accident

Your driving record has a major effect on your insurance premiums. Whether you’re involved in a fender bender or a more serious crash, chances are your car insurance rate will go up after an accident. According to U.S. News & World Report, California drivers who have one accident pay an average of $2,910 per year for coverage. By comparison, drivers with a clean record pay around $1,782 per year for coverage.

Recommended: How Much Does Insurance Go Up After an Accident?

Average Car Insurance Costs for Good and Bad Credit

In California, insurance companies can’t factor in credit scores when underwriting car insurance policies. So your credit history won’t have an affect on your ability to get or renew a car insurance policy — or how much you’ll pay.

Californians should be thankful for this. In New York state, drivers with excellent credit pay on average $2,096, while those with poor credit pay — whoa! — $4,088.

Recommended: How to Get Car Insurance

What Else Affects Your Car Insurance Cost?

As noted above, there are dozens of data points that insurance companies can use to estimate their risk and set premiums accordingly. One is marital status. Another is your car’s make and model, as well as its safety features and overall value.

Aside from the driver and the car, the type of policy impacts premiums. The more coverage you have, the more expensive your policy will be. Your state’s minimum car insurance requirements will get you the most rock-bottom premiums.

The type of deductible you choose also influences your cost. With a higher deductible, your premiums will be lower. The trade-off is that, if you get in an accident, you’ll be responsible for a larger share of the repair bill. In short, you can pay now or pay later.

How to Get Affordable Car Insurance

To find the most affordable car insurance for your profile and needs, it’s best to shop around and compare quotes. These days, online insurance marketplaces make that easy to do.

Once you’ve chosen one or two reputable insurers, it’s important to ask yourself how much car insurance you need. This goes back to the “pay now or pay later” dilemma mentioned above. A no-frills, liability-only policy with a higher deductible will have the lowest monthly premiums. But if you’re in an accident, you may wish you’d chosen more coverage.

Also consider bundling opportunities. Just as you pay less for Internet and TV when you combine services, you can save on car insurance if you purchase it from a company with which you have another policy, such as homeowners coverage.

And finally, ask about possible discounts through organizations and schools you’re affiliated with. Most insurers have a long list of companies they partner with to offer lower rates to customers.

The Takeaway

The average cost of car insurance in California is $1,782. Your premiums may be higher or lower depending on factors related to your background (age, location, driving record), your vehicle (make and model, safety features), and your level of coverage (liability vs. comprehensive, low vs. high deductible). Just remember that the lowest premium may not offer all the coverage you need in case of an accident.

When the unexpected happens, it’s good to know you have a plan to protect your loved ones and your finances. SoFi has teamed up with some of the best insurance companies in the industry to provide members with fast, easy, and reliable insurance.

Explore your options with Experian at SoFi, your personal insurance shopper.

FAQ

How much is the average car insurance per month in California?

Numerous factors go into the calculation of a car insurance premium, including where you live in California, the length and status of your driving record, the type of vehicle you have and its mileage, and more. The average statewide is about $1,782, but the best way to find the most affordable coverage for your situation is to shop around for quotes from multiple insurers.

How much does the average person pay for car insurance in California?

Several factors go into the calculation of car insurance for a California resident. This post breaks it down in multiple ways and offers sample averages based on certain demographics and situations.

Is $300 a lot for car insurance?

In many cases, the average monthly cost for coverage in California is well below $300. But remember, the amount you pay depends on a number of different factors. A 17-year-old, for example, could very well pay more than $300 per month largely because of her lack of driving experience.


Photo credit: iStock/gguy44

Auto Insurance: Must have a valid driver’s license. Not available in all states.
Home and Renters Insurance: Insurance not available in all states.
Experian is a registered trademark of Experian.
SoFi Insurance Agency, LLC. (“”SoFi””) is compensated by Experian for each customer who purchases a policy through the SoFi-Experian partnership.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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