You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the technical advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s column team writes on behalf of YOU – the proofreader. Our finish is to give you the best advice to help you make smart personal finance decisions. We follow nonindulgent guidelines to ensure that our column message is not influenced by advertisers. Our editorial team receives no lead compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. sol, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and dependable information. We rate your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in station to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you ’ ra read is accurate. We maintain a firewall between our advertisers and our editorial team. Our column team does not receive direct compensation from our advertisers. Bankrate follows a nonindulgent column policy, so you can trust that we ’ re putting your interests foremost. Our award-winning editors and reporters create honest and accurate content to help you make the right fiscal decisions. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we ’ re putting accuracy first. Our indemnity team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer military service, policy features and savings opportunities — indeed you can feel convinced about which provider is right for you. Bankrate follows a rigorous editorial policy, so you can trust that we ’ re putting your interests first base. All of our content is authored by highly qualified professionals and reviewed by subject count experts, who ensure everything we publish is objective, accurate and desirable of your confidence. Founded in 1976, Bankrate has a farseeing track record of helping people make fresh fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making process and giving people assurance in which actions to take future. While we adhere to strict column integrity, this stake may contain references to products from our partners. here ‘s an explanation for how we make money. This content is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. Drivers who are 24 broadly have respective years of driving experience under their belts. Because of this, car policy for 24-year-olds tends to be cheaper than it is for highly inexperienced adolescent drivers, although premiums broadly continue to fall each year. however, because 24-year-olds are inactive less feel than their older counterparts, car policy is a morsel more expensive than modal at this age. 24-year-olds pay an average of $ 2,462 per year for full coverage, according to Bankrate ’ s research. Our study into the average price of car insurance for 24-year-olds and what factors affect this premium might help you make more inform decisions about your coverage .
How much is car insurance for a 24-year-old?
The average full coverage car insurance premium for 24-year-old drivers with their own policy is $2,462 per year, according to 2021 data obtained from Quadrant Information Services. As you gain more driving feel, assuming you are able to avoid at-fault accidents and dealings citations, your average agio should continue to drop as you get older. however, cable car indemnity premiums are calculated using a number of factors. Age is one, but if you live in Hawaii, your old age won ’ triiodothyronine be used to rate your policy as indemnity companies are barred from using age as a rating divisor in the Aloha State. additionally, your gender ( in most states ), the state you live in, the character of car you drive, your driving history and the coverage types you choose may all impact your rate. You may pay more or less than the national average premium based on your specific evaluation factors .
Average car insurance costs for 24-year-old men and women
car insurance premiums are typically higher for young males because they are statistically more probable to indulge in hazardous driving activities such as rush and drink. Men besides typically get into more accidents than women, and those accidents tend to be more dangerous. It is deserving noting that respective states have banned the use of sex in calculating car policy premiums, including California, Hawaii, Massachusetts, Michigan, Montana, Pennsylvania and North Carolina .
| Average annual full coverage premium for a 24-year-old male | Average annual full coverage premium for a 24-year-old female |
|---|---|
| $2,590 | $2,332 |
On average, 24-year-old male drivers pay about $ 250 more per year for car indemnity than female drivers of the lapp historic period. however, age is not the alone factor that may impact car indemnity rates. The state you live in besides plays a character in determining how much you will pay .
Average car insurance cost for 24-year-olds by state
The average price of cable car policy can vary greatly by state. One of the biggest reasons for the variation in monetary value is the disagree requirements each express has for car insurance. Some states have higher required minimal liability limits or require other types of coverage deoxyadenosine monophosphate well, such as uninsured motorist coverage or personal injury auspices. Each state besides has different statistics regarding accidents, weather-related damage and the price for parts and labor, which can impact how much you pay for policy .
| State | Average annual full coverage premium for 24-year-old male | Average annual full coverage premium for 24-year-old female | Overall average annual full coverage premium |
|---|---|---|---|
| Alabama | $2,742 | $2,423 | $2,583 |
| Alaska | $2,546 | $2,155 | $2,350 |
| Arizona | $2,378 | $2,190 | $2,284 |
| Arkansas | $3,030 | $2,617 | $2,824 |
| California* | $2,872 | $2,868 | $2,870 |
| Colorado | $3,069 | $2,713 | $2,891 |
| Connecticut | $2,579 | $2,233 | $2,406 |
| Delaware | $2,683 | $2,423 | $2,568 |
| Florida | $4,018 | $3,633 | $3,828 |
| Georgia | $3,343 | $2,799 | $3,071 |
| Hawaii* | $1,272 | $1,272 | $1,272 |
| Idaho | $1,850 | $1,608 | $1,729 |
| Illinois | $2,410 | $2,119 | $2,267 |
| Indiana | $2,093 | $1,860 | $1,979 |
| Iowa | $1,943 | $1,699 | $1,823 |
| Kansas | $2,760 | $2,435 | $2,597 |
| Kentucky | $3,712 | $3,240 | $3,479 |
| Louisiana | $4,194 | $3,763 | $3,979 |
| Maine | $1,477 | $1,256 | $1,366 |
| Maryland | $2,716 | $2,359 | $2,538 |
| Massachusetts* | $1,512 | $1,512 | $1,512 |
| Michigan* | $3,621 | $3,630 | $3,625 |
| Minnesota | $2,427 | $2,227 | $2,329 |
| Mississippi | $2,691 | $2,298 | $2,494 |
| Missouri | $2,735 | $2,385 | $2,562 |
| Montana* | $2,640 | $2,639 | $2,639 |
| Nebraska | $2,350 | $2,025 | $2,187 |
| Nevada | $3,436 | $3,065 | $3,250 |
| New Hampshire | $1,976 | $1,635 | $1,806 |
| New Jersey | $2,836 | $2,504 | $2,670 |
| New Mexico | $2,266 | $2,029 | $2,148 |
| New York | $3,403 | $3,005 | $3,207 |
| North Carolina* | $1,510 | $1,515 | $1,512 |
| North Dakota | $1,888 | $1,666 | $1,777 |
| Ohio | $1,848 | $1,595 | $1,722 |
| Oklahoma | $2,741 | $2,489 | $2,615 |
| Oregon | $2,060 | $1,884 | $1,972 |
| Pennsylvania* | $2,434 | $2,439 | $2,437 |
| Rhode Island | $2,937 | $2,477 | $2,707 |
| South Carolina | $2,393 | $2,106 | $2,250 |
| South Dakota | $2,413 | $2,186 | $2,300 |
| Tennessee | $2,158 | $1,908 | $2,033 |
| Texas | $3,089 | $2,539 | $2,817 |
| Utah | $2,080 | $1,837 | $1,958 |
| Vermont | $1,993 | $1,713 | $1,853 |
| Virginia | $2,150 | $1,839 | $1,996 |
| Washington, D.C. | $2,744 | $2,460 | $2,602 |
| Washington | $1,920 | $1,669 | $1,794 |
| West Virginia | $2,348 | $2,083 | $2,216 |
| Wisconsin | $1,812 | $1,639 | $1,726 |
| Wyoming | $2,367 | $1,918 | $2,142 |
*These states do not allow insurers to rate consumers differently based on gender .
Best car insurance companies for 24-year-olds
The cable car indemnity company that you choose besides has an impact on your premiums, arsenic well as what coverage types, discounts and policy features will be available to you. Bankrate analyze dozens of car policy companies for rate information, coverage options, customer satisfaction and available discounts, and found respective that stand out. If you are looking for the best car insurance for 24-year-olds, you might want to get quotes from the following carriers .
| Car insurance company | Average annual full coverage premium for 24-year-old males | Average annual full coverage premium for 24-year-old females | Overall average annual full coverage premium |
|---|---|---|---|
| Geico | $1,901 | $1,751 | $1,826 |
| Progressive | $2,071 | $1,969 | $2,020 |
| Travelers | $2,109 | $1,960 | $2,035 |
| USAA | $1,716 | $1,590 | $1,654 |
USAA
USAA is a dear carrier for young drivers in search of low-cost coverage, but not everyone qualifies. USAA is a membership-based insurance company for veterans, active duty and retired military personnel and their immediate families. If you do qualify, USAA provides unique indemnity options for those affiliated with the military, including a discount for garaging your vehicle on a military base. Accident forgiveness coverage is besides offered in some states. If you remain accident-free for five years, your beginning at-fault accident after that meter period will not typically be charged against your policy. Learn more: USAA Insurance review
Geico
Geico has more discounts than some insurers, increasing the odds of finding ways to save on your policy premiums. Bundling your car insurance with a tenant ’ randomness insurance policy or taking a defensive drive course might save you money. Geico besides has a mobile app with ratings of 4.8 out of 5.0 in both the App Store and on Google Play. Policyholders who want to handle their policy digitally can pay bills, file claims, print ID cards and request wayside aid from the app. Learn more: Geico Insurance review
Progressive
progressive ’ mho alone tools and discounts make it a estimable choice for 24-year-old drivers. You can use the Name Your Price tool to see a compass of coverage options within your destine budget. You may besides want to consider enrolling in Progressive ’ sulfur Snapshot plan. snapshot tracks your driving habits using a circuit board device or a mobile app to determine how safe of a driver you are. Depending on the submit you live in, you may get a dismiss fair for signing up, and you could earn extra savings based on your driving habits. Learn more: Progressive Insurance reappraisal
Travelers
Although its average agio is the highest on our tilt, Travelers might still be a commodity option if you are looking for a policy that is highly customizable. The ship’s company offers respective optional coverage types, including newly car surrogate, accident forgiveness and ridesharing coverage, if available in your state of matter. There are enough of ways to save, besides, with discounts for being a safe driver, having continuous insurance and insuring an electric or loanblend vehicle. Travelers besides integrates with Amazon Alexa, so you can handle some of your insurance needs with merely a spokesperson command. Learn more: Travelers Insurance review
Cheapest car insurance for 24-year-olds
Because car insurance for 24-year-olds is hush more expensive than the national average, finding a brassy policy might be particularly authoritative for you. Based on our research, the following companies offers some of the cheapest average rates for 24-year-old drivers :
| Car insurance company | Average annual full coverage premium for 24-year-old males | Average annual full coverage premium for 24-year-old females | Overall average annual full coverage premium |
|---|---|---|---|
| Erie | $1,496 | $1,477 | $1,486 |
| USAA | $1,716 | $1,590 | $1,654 |
| Geico | $1,901 | $1,751 | $1,826 |
| State Farm | $2,044 | $1,818 | $1,932 |
| Progressive | $2,071 | $1,969 | $2,020 |
Although these rates are all below the national average annual price for 24-year-old drivers, you should keep in judgment that the monetary value you pay will vary based on your person rate factors, including the department of state you live in, the coverage you purchase, the type of car you drive and your driving history .
How to save on car insurance for 24-year-olds
Although median premiums for 24-year-old drivers are lower than they are for adolescent drivers, many young pornographic drivers will still want to find ways to save on their car policy. Below are some tips that may help you lower your car policy premium as a 24-year-old driver .
Bundle coverage
many 24-year-olds have moved out and are living on their own. Whether you are renting an apartment or theater or you have bought a condominium or single syndicate home, purchasing your renters, condominium owners, or homeowners insurance and your cable car insurance from the lapp carrier might be a good choice. many companies offer multi-policy discounts that can save you quite a bit of money .
Drive a sensible car
The cable car you drive has an impact on your insurance premiums. If your budget is already stretched thin, you might want to consider driving a more modest fomite in orderliness to save money on car indemnity. If you are uncertain what kind of car to look for, you should be able to get quotes from your agent or company to get an estimate of what the premium for certain makes and models might look like .
Maintain a clean driving record
Accidents, tickets and DUI convictions are surcharged on your policy policy, most probably causing your premium to increase. Keeping a clean drive record can help you avoid these increases. Some companies offer tag or accident forgiveness programs. These options broadly cost more to participate in, but if you get into an accident and you already participate in the program, you may be able to avoid a overcharge .
How to get the best car insurance for a 24-year-old
To find the best car policy for you, you may want to get quotes from several carriers to compare prices, coverage options and discounts. Taking customer service reviews and fiscal intensity ratings into consideration may besides be prudent. If you maintain a cleanse drive record, with no accidents or tickets, your car insurance premiums should stay lower than if you have a history of citations or at-fault accidents. If you are still in school, you might still be able to take advantage of student discounts ; many companies offer these savings opportunities to drivers improving to age 25 .
Frequently asked questions
What is the best car insurance company for 24-year-olds?
The best car policy company will be different for every driver. Getting quotes from several carriers and comparing prices and coverage options can help you to find the justly company for you. Before you request quotes, it can be helpful to understand what features matter most to you. If you want to handle your indemnity digitally, for case, you can research companies that have a highly-rated digital app .
How much is car insurance for 24-year-old drivers?
The average annual price of full coverage car policy for a 24-year-old is $ 2,408. Your policy may be higher or lower, depending on the submit you live in, the company you choose, the character of vehicle you drive, your driving history and your sex, among other factors. Shopping around to compare rates can help you find a policy within your budget .
How much car insurance does a 24-year-old need?
car indemnity coverage is fairly customizable. You can buy different coverage types in differing amounts. You will need to buy at least your submit ’ second minimum requirements, and if you have a loan or lease on your car, you will typically be required to carry full coverage. There are optional coverage types to consider vitamin a well, like wayside aid and cable car rental coverage. Talking with a license agent might be the best way to decide how much coverage you need .
Should I have my own insurance at 24 or stay on my parents’ policy?
It depends on your survive situation and how your cable car is titled. If you distillery live with your parents and they are on the title of your vehicle, you could stay on their car insurance policy. however, if you live on your own, you should likely have your own cable car policy, particularly if you are on the title to your vehicle. If a parent still owns your car, but you don ’ t live with your family anymore, contact your policy company to see what method acting of remaining insured would be best. Your agent may recommend getting your own policy and listing your parent as an extra cover or could advise that you stay on your parents ’ policy and merely update the garage address on the car .
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 24-year-old male and female driver with a clean drive phonograph record, good citation and the follow full coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimal coverage that meets each submit ’ randomness requirements. Our base profile drivers own a 2019 Toyota Camry, permute five days a workweek, drive 12,000 miles annually and have a renters insurance policy.
These are sample rates and should entirely be used for relative purposes. Gender : The following states do not use sex as a determining factor in calculating premiums : California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania. These are sample rates and should be used for comparative purposes entirely. Your quotes may be different .