Key Takeaways
- Out of 10 major car policy companies, USAA had the cheapest average rate for 21-year-old drivers, at $ 1,562 a year
- GEICO had the second gear bum median pace for 21-year-old drivers, at $ 1,783 a year
- young drivers can save on car insurance by joining their parents policy, taking advantage of discounts, and shopping around for cheaper policy
10 cheapest car insurance companies for 21-year-old drivers
Full coverage car insurance for a 21-year-old can cost thousands of dollars a year. But shopping around for coverage and comparing quotes from multiple companies can help you find an low-cost policy, evening as a unseasoned driver. here are the median rates for wax coverage car policy for a 21-year-old at 10 of the biggest cable car indemnity companies in the U.S. :
| cable car insurance company | average annual bounty |
|---|---|
| USAA | $1,562 |
| GEICO | $1,783 |
| Erie | $1,960 |
| State Farm | $2,019 |
| American Family | $2,152 |
| Travelers | $2,296 |
| Nationwide | $2,418 |
| Farmers | $2,781 |
| Progressive | $2,881 |
| Allstate | $2,940 |
young drivers can often find brassy rates at smaller, regional companies that don ’ t operate on nationally, so make sure to compare plenty of options before you pick a policy .
Compare rates for 21-year-old drivers
The younger you are, the more you ’ ll pay for cable car insurance. Teenagers pay the most for a policy of their own, but car insurance gets cheaper the older you get, until it finally levels out at age 25 .
| historic period | Gender | average annual cost |
|---|---|---|
| 16 | Female | $6,351 |
| Male | $7,207 | |
| 18 | Female | $4,594 |
| Male | $5,268 | |
| 21 | Female | $2,548 |
| Male | $2,867 | |
| 25 | Female | $1,875 |
| Male | $1,983 |
How to save money on car insurance as a 21-year-old
If you want to save on car indemnity for as a young pornographic, there are a few bare steps you can take that can help lower your costs :
1. Join your parent’s policy
If you live at home, you can save money on your car indemnity by joining an existing policy quite than taking out your own. Your parent ’ sulfur rates will go up with a young driver on their policy, but it will still be cheaper than buying freestanding coverage ( however you ’ ll need to get a policy of your own once you move out and have your own car ) .
2. Take advantage of discounts
Discounts can help you lower your rates, and cable car insurance companies offer discounts for everything from being affiliated with a sorority or brotherhood to completing a safe drive course. full-time students can normally save on car indemnity if they maintain above a certain GPA .
3. Compare quotes from multiple companies
You can find the coverage you need at the cheapest price by getting quotes from multiple companies and comparing options before you buy. You may be able to spend a set less money at one company than another for identical coverage .
4. Drop comprehensive and collision
If the car you ’ rhenium driving is an honest-to-god clunker that isn ’ metric ton worth repairing or replacing if it ’ second damaged, you can consider dropping comprehensive and collision coverage, a long as you ’ re not financing or leasing your vehicle. A good principle of flick is that you can drop both coverages if your comprehensive and collision premiums equal 10 % or more of your car ’ s actual cash respect .
Frequently Asked Questions
At what age do car insurance rates go down?
car insurance for a young driver can cost thousands of dollars a calendar month, but your car indemnity rates typically go down ampere you approach 25, at which degree they level out .
How long does car insurance take to kick in?
Applying for a cable car indemnity policy can frequently take arsenic little as 20 minutes, and in many cases, your car indemnity coverage can begin the lapp day you apply. vitamin a long as you pay your premiums, your policy will stay active through the length of your policy terminus, normally six months or a year .
Can I get car insurance for a day?
Most cable car policy policies have term limits of six months or one year. You generally can ’ t get car insurance for good one day. But if you ’ re renting a cable car and necessitate coverage, you can buy rental car insurance from the rental party if you ’ re not covered by an existing policy or your citation calling card benefits. If you ’ re borrowing person else ’ randomness car, their indemnity will typically extend to you excessively, even if they ’ rhenium not in the car with you .
Methodology
Policygenius has analyzed car indemnity rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used :
- Bodily injury indebtedness : 50/100
- property price liability : $ 50,000
- Uninsured/underinsured motorist : 50/100
- comprehensive : $ 500 deductible
- collision : $ 500 deductible
In some cases, extra coverages were added where required by state or insurance company. Our sample vehicle was a 2017 Toyota Camry LE drive 10,000 miles/year. Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample distribution of costs. Your actual quotes may differ .