This contentedness is powered by, a accredited indemnity producer ( NPN : 8781838 ) and a bodied affiliate of LLC services are only available in states were it is licensed and indemnity coverage through may not be available in all states. All indemnity products are governed by the terms in the applicable indemnity policy, and all related decisions ( such as approval for coverage, premiums, commissions and fees ) and policy obligations are the sole responsibility of the underwrite insurance company. The information on this site does not modify any insurance policy terms in any way. is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsor products and, services, or by you clicking on certain links posted on our site. therefore, this compensation may impact how, where and in what order products appear within listing categories. early factors, such as our own proprietary web site rules and whether a intersection is offered in your area or at your self-selected credit mark range can besides impact how and where products appear on this locate. While we strive to provide a wide range offers, Bankrate does not include information about every fiscal or credit product or avail. We ’ re crystalline about how we are able to bring timbre message, competitive rates, and utilitarian tools to you by explaining how we make money. Bankrate follows a nonindulgent editorial policy, so you can trust that our contented is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right fiscal decisions. The contentedness created by our column staff is objective, factual, and not influenced by our advertisers.

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 expert advice and tools needed to succeed throughout liveliness ’ s fiscal travel. Bankrate ’ s column team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow rigid guidelines to ensure that our editorial contentedness is not influenced by advertisers. Our column team receives no steer compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. then, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and reliable information. We value your hope. Our mission is to provide readers with accurate and indifferent data, and we have column standards in stead to ensure that happens. Our editors and reporters thoroughly fact-check column content to ensure the information you ’ ra reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct recompense from our advertisers. Bankrate follows a rigid column policy, so you can trust that we ’ rhenium putting your interests first. Our award-winning editors and reporters create honest and accurate capacity to help you make the mighty 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 ’ ra putting accuracy first. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — indeed you can feel confident about which provider is correct for you. Bankrate follows a rigid editorial policy, so you can trust that we ’ rhenium putting your interests first. All of our subject is authored by highly modify professionals and reviewed by subject matter experts, who ensure everything we publish is objective, accurate and worthy of your trust. Founded in 1976, Bankrate has a long track record of helping people make ache fiscal choices. We ’ ve maintained this reputation for over four decades by demystifying the fiscal decision-making process and giving people confidence in which actions to take adjacent. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This content is powered by ( NPN : 8781838 ). For more information, please see our Insurance disclosure. By the time you reach 23 years of senesce, you have likely gained respective years of driving know, which can result in more low-cost car indemnity costs. The average cost of car insurance for 23-year-olds is $2,591 per year for full coverage. While this is quite a bit more than the national average monetary value of car policy for full moon coverage, it is less than what indemnity costs for adolescent drivers and younger adults. Bankrate leverages Quadrant Information Services to gather up-to-date rate information and derive insight into the policy options for drivers of all ages. We analyzed the median cost of car indemnity for 23-year-old drivers by gender and state, and reviewed the best and cheapest companies for this age group, based on available data. Our research might help you find coverage that fits your needs .

How much is car insurance for 23-year-old drivers?

The average cost of full coverage car insurance for 23-year-old drivers who have their own policy is $2,591 per year. Auto indemnity companies view young adults as riskier to insure than older drivers since they do not have ampere much experience behind the wheel and have a greater accident frequency pace than older adults. Because of the increased risk, indemnity companies charge new drivers a higher bounty, according to the Insurance Information Institute ( Triple-I ) .

Average car insurance costs for 23-year-old males and females

In most states, your sex will impact how much you pay for car insurance coverage. female drivers are statistically safer behind the wheel compared to their male counterparts, having less accidents and accident severity than pornographic men and adolescent boys, which typically results in lower car policy premiums for women. Below are the home average annual wax coverage car insurance premiums for 23-year-old males and females on their own policy who rent — preferably than own — their own base. While other personal rat factors such as your driving history, claims experience and geographic localization influence your indemnity premium, the follow averages may be utilitarian for the sake of comparison .

Average annual full coverage premium for 23-year-old male Average annual full coverage premium for 23-year-old female
$2,733 $2,446

The home average annual full coverage car insurance premium for 23-year-old female drivers is 12 % lower than it is for male drivers. however, gender is not the only circumstance that car indemnity companies use when determining rates. Where you live besides plays a role in how much you will pay .

Average car insurance cost for 23-year-olds by state

The average cost of car policy can vary greatly based on your geographic location. This is because all 50 states and Washington, D.C., have unlike regulations surrounding car indemnity, angstrom well as the potential impacts of weather hazards and other natural disasters on driving conditions and accident frequency rates. Regional aesculapian costs and the price of parts and labor for vehicle repairs can besides impact how much full coverage policy costs in your placement .

State Average annual full coverage premium for 23-year-old male Average annual full coverage premium for 23-year-old female Overall average annual full coverage premium
Alabama $2,932 $2,552 $2,742
Alaska $2,663 $2,250 $2,457
Arizona $2,506 $2,292 $2,399
Arkansas $3,169 $2,726 $2,947
California* $3,069 $3,059 $3,064
Colorado $3,216 $2,817 $3,016
Connecticut $2,737 $2,356 $2,546
Delaware $2,818 $2,555 $2,687
Florida $4,147 $3,763 $3,955
Georgia $3,492 $2,926 $3,209
Hawaii* $1,272 $1,272 $1,272
Idaho $1,914 $1,666 $1,795
Illinois $2,550 $2,221 $2,387
Indiana $2,285 $1,974 $2,129
Iowa $2,038 $1,776 $1,907
Kansas $2,847 $2,499 $2,675
Kentucky $3,913 $3,377 $3,649
Louisiana $4,427 $3,926 $4,176
Maine $1,531 $1,309 $1,420
Maryland $2,950 $2,502 $2,732
Massachusetts* $1,626 $1,629 $1,627
Michigan* $3,823 $3,827 $3,825
Minnesota $2,554 $2,333 $2,444
Mississippi $2,827 $2,401 $2,614
Missouri $2,853 $2,483 $2,670
Montana* $2,760 $2,760 $2,760
Nebraska $2,433 $2,086 $2,262
Nevada $3,553 $3,164 $3,358
New Hampshire $2,084 $1,727 $1,906
New Jersey $3,005 $2,631 $2,818
New Mexico $2,374 $2,112 $2,243
New York $3,566 $3,136 $3,354
North Carolina* $1,542 $1,542 $1,542
North Dakota $1,986 $1,718 $1,852
Ohio $1,970 $1,691 $1,832
Oklahoma $2,887 $2,586 $2,739
Oregon $2,157 $1,967 $2,062
Pennsylvania* $2,583 $2,590 $2,586
Rhode Island $3,060 $2,589 $2,824
South Carolina $2,505 $2,188 $2,347
South Dakota $2,500 $2,250 $2,379
Tennessee $2,364 $2,038 $2,201
Texas $3,258 $2,654 $2,960
Utah $2,215 $1,946 $2,080
Vermont $2,052 $1,769 $1,911
Virginia $2,268 $1,922 $2,098
Washington $2,027 $1,747 $1,887
Washington, D.C. $2,965 $2,568 $2,766
West Virginia $2,531 $2,207 $2,370
Wisconsin $1,908 $1,719 $1,813
Wyoming $2,464 $1,999 $2,232

*These states do not allow the consumption of gender as a rate factor .

Best car insurance companies for 23-year-olds

In our search for the best car insurance for 23-year-olds, we first analyzed the average annual premium for full coverage from the largest cable car policy companies by grocery store share in the nation. We besides reviewed each party ’ sulfur discounts, coverages, policy features, third-party ratings, customer military service scores and fiscal lastingness ratings. It might be worth getting quotes from the follow car policy companies if you are looking for the best car indemnity for 23-year-old drivers : Average annual full coverage premium by gender

Car insurance company Average annual full coverage premium for 23-year-old males Average annual full coverage premium for 23-year-old females Overall average annual full coverage premium
Geico $2,005 $1,845 $1,926
Progressive $2,266 $2,101 $2,184
Travelers $2,226 $2,037 $2,132
USAA $1,797 $1,655 $1,727


On average, USAA is one of the cheapest car indemnity companies for 23-year-old drivers. however, USAA only insures active-duty military personnel, veterans and qualifying family members. If you do qualify for coverage, USAA offers systematically low rates ampere well as numerous discounts to help lower premiums even more. Discounts include those for condom drivers, annual mileage and fomite storehouse. Learn more : USAA Insurance review


Geico ’ s extensive list of discounts might appeal to you if you are looking for brassy coverage but do not qualify for USAA. Taking advantage of discounts for safety equipment, good students, newer vehicles and defensive drive can maximize a younger driver ’ s savings on cable car policy. Geico besides has a highly-functional app that barely won the top spot in the J.D. Power 2021 U.S. Insurance Digital Experience Study for the service class, meaning that most customers are highly satisfied with the functionality of the app for handling their insurance needs. however, Geico does not offer col indemnity. If you ’ rhenium looking for this type of coverage, you may want to opt for another carrier. Learn more : Geico Insurance review


progressive may have the highest full coverage premium on our list, but the company may placid be a good option for 23-year-olds who like to handle their insurance on-line. The company offers discounts for getting quotes on-line, buying policies on-line and opting for a paperless policy. additionally, enrolling in Progressive ’ randomness Snapshot platform might help you lower your cable car policy rate. Snapshot is a telematics program that tracks your driving through a mobile app or circuit board device to determine how safely you drive. Your premiums are discounted based on your driving activity, although drivers deemed bad by the platform could see a premium increase. Learn more : progressive Insurance review


Travelers might have the second-highest average annual full coverage agio on our list, but the average rate for 23-year-olds is still quite a sting lower than the national modal annual rate. Travelers might be a good choice for 23-year-olds wanting a highly personalized policy. The carrier has a long list of optional coverages, including loan/lease gap coverage, accident forgiveness and newly car substitute coverage. The company besides offers several ways to save, like discounts for good students, homeowners and drivers with continuous policy. Learn more : Travelers Insurance review

Cheapest car insurance for 23-year-olds

For many, finding brassy car policy is a precedence. several national and regional car indemnity companies offer low average rates for 23-year-olds, although your exact rate will likely vary from the averages provided below. Getting quotes from respective companies is one of the best ways to compare prices for the like coverage .

Car insurance company Average annual full coverage premium for 23-year-old males Average annual full coverage premium for 23-year-old females Overall average annual full coverage premium
USAA $1,797 $1,655 $1,727
Erie $1,912 $1,728 $1,821
Geico $2,005 $1,845 $1,926
Nationwide $2,158 $1,962 $2,060
State Farm $2,211 $1,957 $2,085

Although these companies have low average rates, your premium will differ based on your individual fink factors. The submit you live in, the car you drive, your driving history and the coverages you choose will all impact how much you pay .

How to save on car insurance for 23-year-olds

Although 23-year-olds may pay more for insurance than older drivers, there are still ways to find cheap car insurance for young adults. Shopping approximately, choosing a financially allow car, taking advantage of discounts and increasing your deductibles can all save you money on your insurance costs .

Shop around

Every car insurance caller has its own method of evaluation policies. For example, one cable car insurance company might charge you more heavily for a speed tag on your motive vehicle commemorate than another. Getting quotes from a assortment of companies for the like coverage allows you to compare the rates and choose a company that most close fits your needs and provides cheap car policy .

Consider the vehicle you drive

Some makes and models are plainly cheaper to insure. Selling or trading your car may be a drastic measure, but if you need to lower your indemnity costs, you may want to consider a vehicle that will cost less to insure. It is crucial to get quotes for a vehicle before you purchase it. This way, you can help avoid fiscal surprises and factor the fomite ’ mho indemnity costs into your overall fiscal plan .

Take advantage of discounts

Discounts are a capital way to lower your car insurance agio, and most companies offer at least a few car indemnity discounts. Although discounts will vary by caller, coarse savings opportunities include insuring more than one policy with the lapp party ( such as your home or apartment and car ), driving depleted annual mileage, participating in a telematics plan and being a good student .

Raise your deductible

If you have full coverage, your policy has two deductibles, one for comprehensive and one for collision. If you file a claim for damage to your vehicle, you will pay your applicable deductible. If you increase one or both of your deductibles, your premium generally will go down. merely make certain you can afford to pay your deductible if you do file a claim for vehicle damage. Just make sure you can afford to pay the higher deductible if you do file a claim for vehicle price .

How to get the best car insurance for a 23-year-old

Although many 23-year-old drivers might be searching for the cheapest car insurance, price is only one consideration you should think about. Skimping on coverage can leave you in a financially parlous place if you are in an accident, but paying excessively much for policy can be a clamber if you are on a budget. Understanding what you want and need from your policy, getting quotes from several companies and employing cost-saving methods can help you find the coverage you need at a price you can afford .

Frequently asked questions

What is the best car insurance company?

The best car insurance caller depends on the type of coverage you need and what you specifically want from an insurance company. To find the best car insurance party for your needs, it is a good practice to get quotes from respective companies to compare prices, coverage options and discounts .

How much is car insurance for a 23-year-old?

The average annual cost of cable car policy for 23-year-old drivers is $ 2,591 for wide coverage. however, since each driver has a unique jell of circumstances in regards to rat factors, prices will vary. You may pay more or less depending on factors like the express you live in, the type of car you drive, your driving history, your credit-based indemnity score ( in most states ), your claims history and your coverage choices. many states besides allow insurers to use sex as a evaluation component, with female 23-year-old drivers paying less than male 23-year olds .

How much insurance do 23-year-olds need?

Determining how much car indemnity you need involves thinking about your overall fiscal situation. You will not be able to purchase lower than your state ’ s minimal ask coverages. If you have a loanword or lease, you will probably be required to carry full coverage. Working with a license agentive role to determine the appropriate levels of coverage, which optional coverages to buy and what discounts and policy features to take advantage of can be helpful. policy experts recommend you purchase more coverage than your country ’ s minimum levels to be financially protected from solid losses .

Which discounts might apply to 23-year-olds?

23-year-olds typically contend with high policy premiums due to their limit feel behind the wheel. The best car policy discounts on the market may help bring your premium down. To start, you may want to explore scholar discounts, which typically apply to drivers under the long time of 25 who are enrolled in classes. If you ’ re a safe driver, you may want to look into usage-based telematics programs, which track your drive in real number clock and honor you for safe drive habits. insurance companies offer several more discounts. likely, the easiest way to figure out which discounts apply to you is to speak with a license indemnity agent .


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 23-year-old male and female driver with a clean drive record, dear credit 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 minimum coverage that meets each state ’ second requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and force 12,000 miles per annum.

These are sample distribution rates and should only be used for relative purposes. Gender : Seven states prohibit insurers from using sex as a determining factor in calculating premiums : California, Hawaii, Massachusetts, Michigan, Montana, North Carolina and Pennsylvania. Age: Rates were calculated based on 23-year-old drivers on their own policy ( renters ) .

Leave a Reply

Your email address will not be published. Required fields are marked *