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Your insurance rates are based in part on how old you are. Find out why age matters and at what age you can expect to pay the least for car insurance.
Average Cost For Full Coverage Car Insurance
Laura is an award-winning editor with content and communications experience covering auto insurance and personal finance. He has written for various media outlets, including the USA Today Network. He most recently worked in the public sector for the Nevada Department of Transportation.
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Car insurance rates are based on several factors, and age is one of the most important factors. After all, teenage drivers between the ages of 16 and 19 are nearly three times more likely than drivers age 20 or older to be involved in a fatal crash, according to the CDC.
The average cost of car insurance for people under the age of 25 is usually quite high. Teenagers and young drivers are generally inexperienced behind the wheel and more prone to accidents, making it a high risk for car insurance providers. High risk equals high cost.
The editors have broken down the average cost of car insurance for ages 16 to 75 in each state. Here's what you can expect to pay for car insurance at each age.
Average Cost Of Car Insurance In 2023
California car insurance rates by zip code Enter zip code for average rates. Then enter your age, gender and coverage level for a specific rate.
Minimum Conditions: Liability coverage required to drive legally in your country; Some states mandate additional coverage, such as personal injury protection, uninsured motorist, underinsured motorist. Liability Only 50/100/50: $50,000 per person / $100,000 maximum per accident for bodily injury; $50,000 for property damage. Liability to pay for injuries/damages you cause to others. full coverage 100/300/100: $100,000 per person / $300,000 maximum per accident for bodily injury; $100,000 for property damage; comprehensive coverage and collision coverage with a $500 deductible. Liability to pay for injuries/damages you cause to others. Comprehensive collection of damage and collisions on your car.
Commissioned Quadrant Information Services to provide a report on average 2017 Honda Accord car insurance rates for nearly every zip code in the United States. We calculate the cost of using data from up to six major operators. Average standardized score based on monthly insurance for a male driver, age 30, for the state's minimum liability coverage. The average speed is adjusted based on the driver's age and gender for the following coverage levels: state minimum liability, 50/100/50 and 100/300/100 liability with a $500 deductible in comprehensive and collision. This hypothetical driver has a clean record and good credit. Average rates are for comparison purposes. Your rate will depend on your personal factors and the vehicle.
In the chart below, you'll see average car insurance rates by year for the following coverage groups:
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As you can see in the chart below, on average car insurance is cheapest for drivers in their 40s, 50s and 60s. The average cost of car insurance for teenagers is high, but drops in their 20s.
Once you're 20, your rates start to drop, but you'll still pay more than most drivers until you're 26. Below, a chart shows the average cost of car insurance by age for several sets of common coverage when your teenage years are in the rearview mirror .
For a 20-year-old male, the cost is $1,159 per year, and for a female driver, the same policy can average around $1,058 per year for the state's minimum policy. Here's a breakdown of insurance rates for different levels of coverage:
For a 21-year-old male, the average price is $917 per year, and for a female driver, the same policy can cost around $850 per year for the state's minimum policy. See the chart below for an overview of insurance rates for different levels of coverage:
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For a 22-year-old male, the average cost is $819 per year, and for a female driver, the same policy can cost around $769 per year for the state's minimum policy.
For a 23-year-old male, the average cost is $755 per year, and for a female driver, the same policy can cost around $717 per year for the state's minimum policy. See the chart below for an overview of insurance rates for different levels of coverage:
For a 24-year-old male, the average cost is $705 per year, and for a female driver, the same policy can cost around $676 per year for the state's minimum policy. Here's a breakdown of insurance rates for different levels of coverage:
Costs between women and men almost equalize at the age of 25 at $612 per year for men and $605 per year for the state minimum policy for women. Here's a breakdown of insurance rates for different levels of coverage:
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Teenagers tend to have the highest insurance costs of any age group from $2,402 for minimum state coverage for 16-year-olds to $7,203 for liability coverage 100/300/100 with $500 comprehensive/collision deductible, according to 2022 data.
See the chart below to see average car insurance costs by year and condition for comprehensive coverage. Enter your state in the search box to see what you can expect to pay.
Select your state below to see average car insurance rates by year for a full coverage policy
Age is only one factor that insurance companies look at when deciding how much you will pay. Gender is another issue, although some states do not allow gender to be used as a factor in calculating rates - California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania.
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Each rating factor along with the type of coverage you choose, deductibles, and discounts, affect the rate you will pay for your car insurance policy.
Regardless of your age and whether you are a man or a woman, you can save hundreds of dollars by comparing car insurance companies and finding the one that offers the best price for you. Our guide to the best cheap car insurance for seniors shows how much drivers aged 65, 75 and 85 can save.
Regardless of your age, you can reduce costs by qualifying for car insurance discounts that match your driver profile.
Car/home package discounts save an average of 13%, and for young drivers, student discounts save an average of 16%. A good student discount saves drivers an average of 14%, and a marriage discount of 8%.
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Older drivers can also reduce their costs. Drivers over 65 who complete an advanced driver training course can save an average of 4%.
Commissioned Quadrant Information Services to run auto insurance rates for the 2022 Honda Accord LX at various levels of coverage for drivers with clean driving records in every zip code in every state. The average cost of full coverage auto insurance is $148 per month, or $1,780 per year. That's more than double the average cost of liability-only car insurance because it also includes collision and comprehensive coverage.
Compare full coverage auto insurance quotes from the cheapest companies to help you find full coverage auto insurance near you.
Full coverage car insurance costs an average of $148 per month. That's more than double the average cost of liability-only insurance.
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A liability policy only covers injury to others and damage to the car or property. Full coverage is more expensive because it includes liability coverage plus collision and comprehensive coverage. Comprehensive and collision coverage helps you pay for damages to your car in most types of accidents. Your lender usually requires full coverage if you have a car loan or lease.
Collected hundreds of thousands of citations from all 50 states and Washington, D.C. Pricing is based on age 30 with a 2015 Honda Civic EX and a clean driving record.
The best full coverage auto insurance companies make low rates and strong customer service ratings. Detailed methodology
The best comprehensive coverage insurance companies combine cheap quotes, reliable service and beneficial coverage options for newer cars.
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The combination of affordable full coverage car insurance rates and a strong customer experience makes State Farm a great company for drivers across the country.
State Farm is the cheapest insurance company available to almost all drivers nationwide. At $99 per month, State Farm's comprehensive coverage policy is $49 less per month than the national average.
State Farm is the largest auto insurance company in the United States and has cheaper quotes on average than every major company and many regional companies.
It also has a reputation for reliable customer service, with low customer complaint rates and high ratings from J.D. Power.
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Erie has some of the cheapest full coverage rates in the country, along with a great customer base
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