Car Insurance For Young Adults Affordable - The average cost of car insurance for a 24-year-old is $314 per month or $3,765 per year. For 24-year-olds looking for cheap insurance, we recommend Erie, USAA, and Geico.
We compared the average cost of car insurance by gender, society, age and state. To find affordable car insurance, compare from multiple insurance companies and find out about possible discounts.
Car Insurance For Young Adults Affordable
Erie, which is available in 13 states, offers the cheapest auto insurance for 24-year-olds at $120 a month. USAA offers the cheapest rate, at $153 per month. However, only current and former members of the military and their families can qualify for the USAA plan.
Car Insurance For 21 Year Olds
Geico was the cheapest car insurance company for 24 years available to most drivers, at $176 a month.
The wide variation in car insurance rates between insurance companies shows why new drivers are encouraged to get more quotes to find the cheapest car insurance. For example, the average cost of insurance for a 24-year-old through Allstate is $405 per month more expensive than Erie.
The average cost of car insurance for a 24-year-old male driver is $321 per month compared to $306 per month for a 24-year-old female driver.
Car insurance is usually more expensive for male drivers than female drivers, and the differences in rates are often greater between youth and young adults. Young male drivers usually pay more for insurance because they tend to get into more accidents.
Does Car Insurance Go Down At 25?
However, some states and local municipalities prohibit insurers from using race as a variable in setting auto insurance premiums. These states include California, Hawaii, Massachusetts, Montana, North Carolina, Pennsylvania, and parts of Michigan. That means 24-year-old male drivers in those states should pay for female drivers, all else being equal.
A small difference in age can have a significant impact on rates for young adults. The average cost of full coverage insurance for a 24-year-old is $302 per month cheaper than an 18-year-old. The average cost difference between a 23-year-old and a 24-year-old is much smaller, at $21 a month.
Due to inexperience and a tendency to have more accidents, car insurance for young drivers under the age of 25 can be expensive.
For each state in our study, we identified the cheapest auto insurance companies for twenty-four years. Geico is the cheapest insurer in most states (four), but these are average prices. The best way to find the cheapest price is to get rid of multiple insurers.
How Much Is Car Insurance Per Month?
The average cost of car insurance varies widely by state. North Carolina auto insurance is the cheapest for a 24-year-old at $139 a month. That's $773 cheaper than the average cost to prevent a 24-year-old in Michigan.
We recommend comparing quotes from different insurance companies to find the best car insurance policy. Insurers use many variables to determine the price of the bed. Matching factors include not only your age, but also your driving history, claims history, vehicle type and more.
Given the multitude of factors that affect the cost of car insurance, the insurer that offers you the cheapest rate could be very different.
Twenty-four-year-olds can also reduce their expenses by taking advantage of the discounts they choose. Common car insurance discounts available to drivers over 24 include:
Compare Cheap Young Drivers Insurance
The discounts available and the amount you'll save can vary significantly by insurance company. This variation highlights the further advantages of shopping for multiple car insurance policies to ultimately achieve the best price.
This study compiled auto insurance rates from thousands of zip codes in nine of the nation's most popular states. We used 2015 Honda Civic EX male and female drivers to test some of our drivers. All other variables affecting the cost of car insurance were held constant.
Our analysis covered 29 different insurers, although auto insurance premiums were only included in the analysis if their policies were available in at least three of the nine states.
Analysis of insurance data collected by Quadrant Information Services. These percentages are officially taken from rebel charts and should only be used as a reference for comparative purposes - as personal opinions may vary.
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The cheapest car insurance for 21-year-olds can be found at USAA for $134 per month or $1,690 per year for a full coverage policy.
Finding cheap car insurance as a 21-year-old can be difficult. Monthly and annual premiums tend to be expensive because younger drivers pose more risks to insurance companies. In this article, the team of reviewers at Media House will list the best car insurance for 21 year olds and show you how to shop for affordable rates.
Why Trust Our Team The Home Media Reviews team is committed to providing reliable information to help you make the best decision about your vehicle insurance. Our researchers, writers and editors are dedicated to tracking providers and analyzing customer feedback and information so you can choose with confidence.
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According to our estimates, 21-year-olds pay an average of $2,786 a year or $232 a month for comprehensive car insurance. That's about 56% more expensive than the average for 35-year-old drivers, which is $1,785 a year, or about $149 a month. Typically, car insurance rates are much more expensive for 21-year-olds than for older drivers.
Car insurance costs for 21-year-old drivers are determined by a number of factors, including driving history, location and credit score. Gender also plays a role in calculating premiums, especially when you're a teenager or young adult. For example, young men have a disproportionately higher risk of accidents, which causes them to pay more for coverage than young women. However, some states do not allow insurance companies to use gender in calculating premiums.
Compared to older drivers, 21-year-olds have less driving experience and are more likely to be involved in accidents. Auto insurance companies compensate for these risk factors by setting higher rates for this age group.
According to the AAA Foundation for Traffic Safety, drivers between the ages of 20 and 24 were 74% more likely to be involved in an accident than drivers in their 30s in 2015. Below, you can see the accident rates for each age group.
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High-risk drivers pay higher rates on average, and young drivers usually fall into this category. You can see below how the average cost by age relates to the drop data above.
The cheapest car insurance for 21-year-olds is USAA, which offers average rates of $134 per month. However, USAA is only available to military members, veterans and their immediate families. Geico is the cheapest carrier for every driver age 21 at an average of $154 per month. Other affordable companies include Auto-Owners Insurance, Erie Insurance and Nations.
The best car insurance for 21 year olds isn't necessarily the cheapest, but cheap rates certainly help. Below, you can see how 11 popular providers calculate the cost of insurance for 21-year-olds.
*Auto insurance estimates are based on comprehensive coverage with $50,000 bodily injury per person, $100,000 bodily injury per accident, $50,000 property damage per accident and $500 deductible for collision coverage and comprehensive coverage.
Average Cost Of Car Insurance For 24 Year Olds
Location is one of the factors that affect what you pay for car insurance, and rates can vary greatly by state. Below are the cheapest car insurance companies for each state for full coverage for 21 years. According to our evaluation, USAA and Geico are the cheapest providers in many states.
While 21-year-olds pay an average of $232 a month nationally, drivers in some states pay much less. Insurance in North Carolina averages $129 per month for an age group, for example.
Whether it's due to population density or insurance regulations, some states are much more expensive for 21-year-olds than others. Michigan, Connecticut and Massachusetts top the list.
The top five best legitimate car insurance for 21 year olds are Geico, USAA, State Firm, Nationwide and Auto-Owners Insurance. When comparing car insurance companies, our team consider cost, reputation, coverage, availability and customer experience. We found these companies to be on average affordable for new drivers.
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Geico is our top pick overall for the best auto insurance for 21-year-olds. Car insurance rates for 20 year olds are around 34% cheaper than the market average for the age group. Geico also offers a 15% discount for good students and up to a 22% discount for those who have driven for five years without an accident.
The company has been around since 1936 and has an A+ rating from the Better Business Bureau (BBB).
USAA offers the cheapest car insurance for the average 21-year-old, with rates about 42% below the market average. But we have listed the best car insurance for 21 year olds because it is not available to everyone. You can only donate if you are military, a veteran, or have a parent who is a USAA member.
Not only does USAA have low fares for 21 year olds, but they are also known for their reliable customer service. The company holds A+
Cheapest Car Insurance For Teens In 2022
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