Average Cost of Car Insurance for 24-Year-Olds

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Which companies offer the cheapest car insurance for 24-year-olds?

Erie, which is available in 13 states, offers the bum cable car indemnity for 24-year-olds, at $ 120 per month. USAA offers the second-cheapest rate, at $ 153 per calendar month. however, only current and former members of the military and their families can qualify for a USAA policy .
Geico was the cheapest car policy company for a 24-year-old that ‘s available to most drivers, at a pace of $ 176 per month .

Find Cheap 24-Year-Old Auto Insurance Quotes

presently insured ? The wide discrepancy in car indemnity rates across insurance companies demonstrates why unseasoned drivers should shop around for multiple quotes to find the cheapest cable car indemnity. For example, the average price of policy for a 24-year-old through Allstate is $ 405 more expensive per calendar month than Erie .

Cost of insurance for 24-year-old male and female drivers

The average price of car insurance for a 24-year-old male driver is $ 321 per calendar month, compared to $ 306 per month for a 24-year-old female driver .
car policy is typically more expensive for male rather than female drivers, and rate disparities are often greater among teenagers and young adults. Young male drivers typically pay more for policy because they tend to get into more accidents .

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however, a few states and local anesthetic municipalities prohibit insurers from using sex as a variable to determine car policy premiums. These states include California, Hawaii, Massachusetts, Montana, North Carolina, Pennsylvania and parts of Michigan. This means that 24-year-old male drivers should pay the lapp as female drivers in these states, all else being equal .

How much is car insurance for a 24-year old?

just a modest deviation in historic period can have a significant shock on rates for young adults. The average cost of full-coverage car insurance for a 24-year-old is $ 302 cheaper per month than for an 18-year-old. The average dispute between the price for a 23-year-old and a 24-year-old is much smaller, at $ 21 per calendar month .
due to their inexperience and leaning to get into more accidents, cable car policy for young drivers under 25 can be costly .

Cheapest insurers in our sample states

For each state in our study, we identified the cheapest car policy companies for 24-year-olds. We found that Geico was the cheapest insurance company in the most states ( four ), but these are average rates. The best way to find the cheapest rate for you is to get quotes from multiple insurers .

Cheapest auto insurance for 24-year-olds by state

The modal price of car insurance varies widely by state. Auto policy in North Carolina is the cheapest for 24-year-olds, at $ 139 per month. This is $ 773 cheaper than the average price to insure a 24-year-old in Michigan .

How to get cheap car insurance as a 24-year-old

We recommend comparing quotes from multiple policy companies to find the best car indemnity plan. Insurers use many variables to price car indemnity policies. relevant factors may include not merely your old age, but besides your drive record, history of claim filings, vehicle and more .
Given the multitude of factors affecting car indemnity costs, the insurance company that offers you the cheapest rate could be very different for person else .
Twenty-four-year-olds can besides reduce their costs by taking advantage of eligible discounts. common car indemnity discounts available to 24-year-old drivers include :
The discounts available and how a lot you ‘ll save may vary significantly depending on the policy party. This variation further highlights the benefits of shopping around for multiple car indemnity quotes to ultimately get the best rate .

Methodology

This cogitation collected car indemnity quotes from thousands of ZIP codes across nine of the most populated states in the country. We used 24-year-old male and female drivers with a 2015 Honda Civic EX as our sample drivers. All other variables affecting car policy costs were keep consistent .
The quotes were for a full-coverage policy with the following limits :

Our analysis covered 29 different insurers, though cable car indemnity premiums were only included in the psychoanalysis if their policies were available in at least three of the nine states .
ValuePenguin ‘s analysis gathered insurance pace data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should only be used as a reference point for relative purposes — your own quotes may be different .