Cost of Car Insurance for 23-Year-Old Males and Females
We collected thousands of rates across nine of the most populate states in the nation to find you the cheapest cable car indemnity for 23-year-olds. This analysis explores how the average price of cable car policy varies for 23-year-olds by insurance company, age, gender, and country .
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How much does car insurance cost for 23-year-olds?
Our study found that the average cost of car policy for a 23-year-old is $ 335 per calendar month for broad coverage .
Erie, which is available in 13 states, offers the brassy car policy for 23-year-olds at a pace of $ 153 per calendar month. USAA offers the moment cheap at $ 159 per month. however, only current and former members of the military and their families can qualify for a USAA policy .
At $ 184 per calendar month, Geico is the cheapest car insurance company for 23-year-olds that is widely available countrywide .
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The widespread deviation in rates from insurance companies highlights why unseasoned drivers should always compare car policy quotes from multiple insurers before deciding on a policy .
How the cost of car insurance for 23-year-olds varies by gender
On average, car policy costs $ 344 per month for a 23-year-old male and $ 326 per month for a 23-year-old female. male drivers normally pay more for cable car insurance than female drivers, specially at younger ages. This is because young male drivers statistically get in more accidents compared to young female drivers .
|
Age |
Monthly cost – male driver |
Monthly cost – female driver |
|---|---|---|
| 20 | $481 | $438 |
| 21 | $399 | $370 |
| 22 | $369 | $349 |
| 23 | $344 | $326 |
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Read more: Best car insurance companies for 2022
While the average cost of cable car insurance tends to be cheaper for women compared to men, some states have banned insurers from using sex to determine rates .
California, Hawaii, Massachusetts, Montana, North Carolina and Pennsylvania, a well as parts of Michigan, forbid this practice. As a consequence, male and female drivers of any long time should pay the same amount for car policy, all else being adequate .
Average cost of auto insurance by age
ascribable to their tendency to get into more accidents, drivers under 25 confront more expensive car policy rates relative to older drivers .
evening within this historic period group, rates can vary significantly. A 23-year-old will pay on average $ 281 less per month than an 18-year-old. On the other handwriting, a 23-year-old will pay on average $ 56 more per month than a 25-year-old .
|
Age |
Average monthly cost |
|---|---|
| 18 | $616 |
| 19 | $515 |
| 20 | $460 |
| 21 | $384 |
| 22 | $359 |
| 23 | $335 |
| 24 | $314 |
| 25 | $279 |
The cheapest auto insurance company for 23-year-olds in each state
Geico is frequently the cheapest option for 23-year-olds, as it provided the cheapest rates in four of our nine sample states .
The average cost of car insurance for 23-year-olds by state
car indemnity costs vary substantially from department of state to express. For 23-year-olds, North Carolina offers the brassy car insurance with an median rate of $ 145 per calendar month, which is slightly under half the price of the national average. Michigan offers the most expensive car insurance policies for 23-year-olds in our sample with an average monthly cost of $ 972 .
|
State |
Average monthly cost for 23-year-old |
|---|---|
| North Carolina | $145 |
| Ohio | $182 |
| California | $199 |
| Illinois | $260 |
| New York | $297 |
| Georgia | $282 |
| Texas | $320 |
| Florida | $356 |
| Michigan | $972 |
How to find the best cheap car insurance for a 23-year-old
Shopping around for quotes from several policy companies is a big strategy to find cheap car policy at any age. additionally, car policy discounts normally available to 23-year-olds and other young drivers include discounts for : being a good student, passing a defensive drive course and maintaining a clean drive record .
different insurers will apply different discounts with varying eligibility requirements, so it ‘s always a good mind to compare quotes from multiple insurers .
Methodology
This psychoanalysis used car indemnity quotes from thousands of ZIP codes across nine of the most populate states in the U.S. Our sample drivers were 23-year-old male and female drivers with a 2015 Honda Civic EX. All early variables affecting car insurance costs were coherent, including that drivers were single and had a clean drive phonograph record .
We pulled rates for full coverage policies with the following limits :
|
Coverage type |
Study limits |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Property damage liability | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
| Personal injury protection (PIP) | Minimum when required by state |
Our cogitation pulled rates from 29 policy companies. however, insurers were entirely included in the study if their policies were available in at least three of the nine states analyzed .
ValuePenguin ‘s analysis used insurance rate data from Quadrant Information Services. The rates used were source publicly from insurance company filings. The rates used in this study should be used for comparative purposes only — your own quotes may be unlike .