Average Auto Insurance Rates by Age (2024)
Average auto insurance rates by age vary. For example, 16-year-olds pay about $592/mo, while 45-year-olds pay $119/mo. Some companies may offer better average auto insurance cost by age. Below you can learn more about how age affects car insurance rates and where to get cheap auto insurance for your age group.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Oct 3, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 3, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Younger drivers pay the highest auto insurance rates
- Rates begin to decrease as you age but increase again around 60
- Other factors affecting car insurance rates include driving record and credit score
It’s no secret that auto insurance for young adults is more expensive than coverage for older drivers — teens pay about $592 for full coverage. However, rates tend to decrease around 25. In addition, males typically pay higher rates than females.
This article breaks down auto insurance premiums by age, looking at cheap auto insurance companies by age. However, other factors besides age, such as gender and location, affect car insurance rates, and each company offers different rates.
You should compare average auto insurance rates by age from multiple companies, especially if your age group has high rates. Keep reading to learn more about average car insurance rates by age and gender, how to find the best car insurance rates by age, and how age affects car insurance rates.
- Best Auto Insurance by Age
- Best Auto Insurance for Seniors in 2024
- Auto Insurance for Teens (2024)
- Auto Insurance for Teens After an Accident (2024)
- Six Reasons Why Auto Insurance Costs More for Young Drivers (Rates + Discounts)
- Auto Insurance for Young Adults (2024)
- Auto Insurance for Older New Drivers (2024)
- Auto Insurance for 21-Year-Olds (2024)
- Auto Insurance for 20-Year-Olds (2024)
- Auto Insurance for 17-Year-Olds (2024)
- Best Auto Insurance Companies for Teens (2024)
- Auto Insurance for Seniors (2024)
Average Auto Insurance Rates by Age
Auto insurance rates fluctuate based on age. Young drivers pay higher average rates because they lack the necessary experience to avoid accidents. In addition, another reason why auto insurance costs more for young drivers is that they tend to take more risks, like distracted driving and speeding.
The good news is that around age 25, your car insurance rates start to decrease, provided you have a clean driving record. Unfortunately, rates stay much higher than usual if you have accidents, tickets, or DUIs on your driving record.
Auto insurance for men vs. women also have varying rates. Males typically pay higher rates because statistics show they take more risks. So, we’ll show you average car insurance rates by age and gender.
However, not all states allow auto insurance companies to use age to determine rates. We’ll see how monthly average costs by age and state compare below.
Cheapest Auto Insurance for 18-Year-Olds
Many 18-year-olds have a year or two of driving experience, so their rates aren’t the highest. However, rates are still significantly higher than average.
Why do young drivers pay more for car insurance? Auto insurance for teens is higher for various reasons, but the most significant is that they’re in more accidents than older drivers.
Check out this car insurance rates chart by age to see which of the top insurers have the best full coverage rates for 18-year-old drivers:
Full Coverage Auto Insurance Monthly Rates for Teen Drivers
Insurance Company 16-Year-Old Female 16-Year-Old Male 18-Year-Old Female 18-Year-Old Male
Allstate $608 $638 $448 $519
American Family $390 $480 $288 $390
Farmers $778 $742 $573 $603
Geico $298 $312 $220 $254
Liberty Mutual $716 $778 $528 $633
Nationwide $411 $476 $303 $387
Progressive $801 $814 $591 $662
State Farm $311 $349 $229 $284
Travelers $709 $897 $523 $729
U.S. Average $558 $610 $411 $496
While USAA auto insurance has the cheapest rates, it only offers car insurance to military members, veterans, and their families. So for this article, we’ll focus on insurers available to all drivers.
Geico offers the cheapest rates for all 18-year-olds, but males pay around $30 more monthly than females.
Farmers auto insurance offers the most expensive rates for 18-year-old females. However, Travelers has the most expensive rates for 18-year-old males, who pay over $200 a month more than females.
Cheapest Auto Insurance for 35-Year-Olds
Fortunately, drivers over 25 see lower car insurance rates. In addition, the gap between male and female rates decreases.
This table shows average car insurance rates by age and gender for older drivers from top car insurance companies:
Full Coverage Auto Insurance Monthly Rates by Age and Gender
Insurance Company 18-Year-Old Male 18-Year-Old Female 30-Year-Old Male 30-Year-Old Female 45-Year-Old Male 45-Year-Old Female 55-Year-Old Male 55-Year-Old Female 65-Year-Old Male 65-Year-Old Female
AAA $378 $328 $103 $99 $86 $88 $81 $83 $84 $86
Allstate $203 $180 $79 $74 $59 $59 $56 $56 $57 $58
American Family $414 $305 $137 $116 $117 $115 $111 $109 $114 $113
Farmers $629 $597 $167 $160 $139 $139 $131 $132 $136 $136
Geico $254 $220 $87 $90 $80 $80 $76 $76 $78 $78
Hartford $469 $407 $133 $126 $113 $115 $107 $109 $109 $112
Liberty Mutual $626 $626 $200 $174 $174 $171 $165 $162 $170 $96
Nationwide $387 $303 $136 $124 $115 $113 $109 $107 $114 $113
Progressive $662 $591 $136 $131 $105 $112 $100 $106 $103 $109
State Farm $284 $229 $103 $94 $86 $86 $82 $82 $84 $84
Travelers $740 $530 $108 $99 $99 $98 $94 $93 $97 $96
U.S. Average $501 $416 $139 $128 $119 $119 $113 $113 $117 $117
Rates continue to decrease until drivers reach 60. Then, many drivers see their rates creep back up, but they remain much lower than younger drivers.
Cheapest Auto Insurance for 65-Year-Olds
Once drivers hit a certain age, health concerns outweigh experience behind the wheel. While most older drivers have decades of experience, some drivers face a loss of motor skills and slow reaction times.
For these reasons, auto insurance for seniors begins to get more expensive when drivers turn 60. However, the increase should be minimal if you’ve avoided accidents on your driving record.
Read more: Best Auto Insurance for Seniors
This table shows the average monthly car insurance rates for 65-year-old drivers:
Full Coverage Auto Insurance Monthly Rates for Senior Drivers by Age & Gender
Insurance Company 55-Year-Old Male 55-Year-Old Female 60-Year-Old Male 60-Year-Old Female 65-Year-Old Male 65-Year-Old Female
AAA $81 $83 $77 $76 $84 $86
Allstate $152 $153 $154 $150 $157 $158
American Family $111 $109 $105 $104 $114 $113
Farmers $131 $132 $128 $120 $136 $136
Geico $76 $76 $74 $73 $78 $78
Hartford $107 $109 $103 $101 $109 $112
Liberty Mutual $165 $162 $159 $148 $170 $167
Nationwide $109 $107 $104 $99 $112 $111
Progressive $100 $106 $95 $92 $103 $109
State Farm $82 $82 $76 $76 $84 $84
Travelers $94 $93 $90 $89 $97 $96
U.S. Average $113 $113 $110 $106 $117 $117
Geico auto insurance provides the lowest rates for male and female 65-year-old drivers. However, Liberty Mutual auto insurance offers the highest rates for 65-year-old drivers, which are more than double those of Geico.
Average Auto Insurance Rates by Age and State
Your location also affects car insurance rates. As discussed above, some states don’t allow age to affect rates. However, all other states allow insurers to consider age when calculating rates.
This table shows average car insurance rates by age and state:
Full Coverage Auto Insurance Monthly Rates by State
State Allstate American Family Farmers Geico Liberty Mutual Nationwide Progressive State Farm Travelers USAA U.S. Average
Alabama $108 $105 $133 $89 $162 $96 $112 $108 $79 $56 $105
Alaska $135 $105 $127 $76 $164 $108 $97 $65 $93 $60 $103
Arizona $180 $114 $135 $65 $178 $116 $84 $81 $104 $63 $112
Arkansas $162 $137 $165 $91 $99 $128 $131 $80 $111 $55 $116
California $199 $138 $167 $101 $216 $142 $132 $108 $122 $74 $140
Colorado $166 $118 $163 $94 $92 $107 $120 $94 $114 $78 $115
Connecticut $196 $125 $151 $62 $201 $112 $133 $91 $83 $77 $123
Delaware $207 $130 $157 $101 $494 $144 $90 $116 $82 $43 $156
District of Columbia $241 $115 $139 $69 $180 $172 $115 $111 $102 $48 $129
Florida $183 $188 $227 $89 $161 $103 $153 $99 $166 $47 $142
Georgia $165 $124 $149 $61 $263 $152 $115 $107 $110 $71 $132
Hawaii $118 $82 $99 $59 $128 $84 $78 $64 $72 $44 $83
Idaho $128 $93 $92 $57 $79 $82 $91 $53 $57 $40 $77
Illinois $176 $114 $117 $47 $76 $93 $89 $64 $87 $62 $92
Indiana $140 $107 $79 $63 $183 $97 $69 $71 $69 $43 $92
Iowa $126 $95 $82 $81 $116 $73 $75 $65 $92 $55 $86
Kansas $160 $114 $144 $75 $174 $92 $127 $81 $87 $56 $111
Kentucky $236 $164 $197 $80 $168 $184 $111 $98 $139 $72 $145
Louisiana $206 $176 $212 $141 $274 $181 $161 $124 $156 $98 $173
Maine $108 $84 $117 $37 $120 $87 $94 $59 $61 $37 $80
Maryland $201 $116 $140 $135 $181 $106 $121 $107 $103 $80 $129
Massachusetts $143 $99 $120 $72 $155 $103 $95 $78 $88 $53 $101
Michigan $406 $204 $335 $99 $424 $257 $152 $209 $183 $107 $238
Minnesota $160 $93 $108 $90 $375 $87 $101 $67 $94 $68 $124
Mississippi $147 $120 $145 $72 $119 $96 $120 $82 $88 $54 $105
Missouri $148 $106 $135 $90 $129 $66 $98 $85 $114 $50 $102
Montana $154 $125 $164 $82 $59 $88 $171 $70 $111 $50 $107
Nebraska $125 $112 $130 $92 $179 $77 $95 $69 $102 $56 $104
Nevada $165 $140 $155 $110 $111 $112 $82 $103 $91 $69 $114
New Hampshire $128 $77 $93 $50 $198 $77 $63 $59 $68 $41 $86
New Jersey $157 $115 $231 $74 $279 $119 $93 $113 $136 $61 $138
New Mexico $158 $103 $131 $90 $161 $96 $86 $69 $91 $65 $105
New York $147 $137 $165 $78 $200 $164 $96 $137 $175 $85 $138
North Carolina $169 $82 $99 $69 $82 $111 $32 $77 $99 $44 $86
North Dakota $136 $145 $107 $61 $398 $77 $110 $76 $88 $44 $124
Ohio $120 $62 $96 $59 $106 $114 $85 $70 $63 $41 $82
Oklahoma $135 $118 $136 $109 $184 $122 $110 $91 $105 $68 $118
Oregon $153 $106 $111 $93 $141 $111 $78 $75 $97 $58 $102
Pennsylvania $148 $108 $131 $68 $219 $86 $148 $76 $75 $57 $112
Rhode Island $189 $151 $183 $125 $235 $190 $116 $76 $103 $65 $143
South Carolina $133 $118 $166 $79 $185 $118 $105 $88 $105 $69 $117
South Dakota $136 $151 $113 $57 $230 $76 $105 $67 $97 $58 $109
Tennessee $144 $102 $86 $78 $184 $118 $92 $72 $88 $58 $102
Texas $201 $176 $137 $105 $178 $154 $121 $90 $101 $62 $132
Utah $117 $105 $115 $73 $119 $93 $95 $103 $88 $50 $96
Vermont $142 $85 $103 $38 $100 $77 $181 $87 $75 $42 $93
Virginia $103 $83 $100 $69 $129 $86 $61 $63 $73 $43 $81
Washington $114 $91 $102 $75 $92 $70 $60 $69 $81 $46 $80
West Virginia $162 $115 $139 $83 $196 $104 $110 $79 $102 $67 $116
Wisconsin $123 $63 $109 $62 $84 $226 $94 $58 $72 $47 $94
Wyoming $155 $111 $130 $111 $75 $114 $106 $82 $98 $57 $104
Monthly average costs by age and state vary, due to high crime rates or different insurance regulations by state. So, comparing average car insurance rates by age and state is critical to finding the lowest cost.
For example, North Carolina offers male and female 18-year-old drivers the cheapest rates. On the other hand, Michigan has the highest average car insurance rates by age for the same group. In fact, Michigan’s rates are around three times as high as North Carolina’s.
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How Age Affects Auto Insurance Rates
As we’ve seen, car insurance rates vary by age. So now, let’s talk about why different age groups receive different rates.
Young drivers have the least experience and are more likely to get into accidents. In addition, younger drivers are more likely to take risks like speeding and distracted driving.
If you’re wondering what age group has the most fatal crashes, according to the Insurance Information Institute, vehicle crashes are the second leading cause of teen deaths. Additionally, teen fatalities make up almost 9% of crashes, but teens only make up 5% of drivers.
However, starting in the mid-20s, insurers consider drivers more responsible and safer. The added responsibility of families and jobs causes many drivers to take fewer risks. Car insurance companies see this as a win and offer lower rates.
Once drivers become older, they may see an increase in car insurance rates. Typically, older drivers face medical concerns such as losing vision or hearing, slower response times, and other conditions. Thus, rates begin to rise as drivers age.
Fortunately, rates for older drivers shouldn’t increase to the significantly higher rates for young drivers. All drivers can reduce car insurance rates by maintaining a clean driving record and taking advantage of auto insurance discounts.
Drivers can also take advantage of discounts for their age group. For example, many insurers offer good student discounts for young drivers or membership discounts for drivers over 50 in AARP.
Other Factors Affecting Auto Insurance Rates
Many factors affect auto insurance rates alongside age. For example, while age and gender are significant factors that influence rates, they aren’t the only considerations.
Additional factors affecting car insurance rates include:
- Driving record: Driving records show car insurance companies how risky drivers are to insure. Drivers with accidents, tickets, and DUIs will likely cost insurers and see higher rates.
- Vehicle type: New or expensive vehicles are costly to repair or replace, so they see higher car insurance rates. Choose older or inexpensive vehicles to get the lowest rates.
- Coverage choice: More coverage equals higher insurance rates since the insurer is more likely to pay a claim. Drop unnecessary coverage and raise auto insurance deductibles to lower rates.
- ZIP code: Average auto insurance rates by ZIP code vary. Drivers who live in cities with a high crime rate and traffic volume see higher rates since their vehicles are more likely to get in an accident or be stolen.
- Credit score: You might be curious how credit scores affect auto insurance rates. Statistics show that drivers with a high credit score are more likely to avoid claims and pay for damages themselves.
Although most car insurance companies look at these factors to calculate rates, they look at them differently. For example, one insurer may offer higher rates because of your speeding ticket, while another could overlook your first ticket and offer lower rates.
Understanding Average Auto Insurance Rates by Age
So, you might be wondering how age affects car insurance rates. Younger drivers with less experience behind the wheel pay the highest average auto insurance rates. Drivers with more experience see lower rates starting in their mid-20s.
🚗Drivers under 25 pay up to $5k more a year for insurance than those in their 30s.😲 Do you fall in this age range? 👉Price match here: https://t.co/TSq0vDEjME. Learn ways to save on auto insurance for young drivers: https://t.co/J43PJYIyTo pic.twitter.com/CkyAQkMKeN
— AutoInsurance.org (@AutoInsurance) February 16, 2023
However, drivers may see rates increase again once they hit 60. Car insurance companies understand that older drivers may have medical conditions affecting safe driving, such as vision and hearing loss.
Your state also affects your car insurance rates. For example, some states charge higher car insurance rates for the same age group due to the state’s regulations.
Since each car insurance company offers different rates, shopping around is essential to find the best deal. Compare multiple companies to see which offers your age group the cheapest rates.
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Frequently Asked Questions
At what age is car insurance most expensive?
You’ll pay the highest auto insurance rates at age 16, averaging $618 monthly for full coverage auto insurance. Young drivers are inexperienced and more likely to file claims, so they pay higher rates.
How can young drivers get cheaper car insurance?
Since rates for young drivers are so high, finding ways to lower costs is essential. Most car insurance companies offer good student and driver’s education discounts to lower rates. In addition, maintaining a clean driving record and driving an affordable car helps keep rates low.
How much do 17-year-olds pay for car insurance?
Unfortunately, 17-year-olds have significantly higher car insurance rates since teen drivers tend to engage in risky behavior like speeding and texting while driving. The cost of car insurance for 17-year-old drivers varies significantly by state and insurer. While some states, like California, don’t charge higher rates based on age, most states allow insurance companies to consider age.
How much do 20-year-old drivers pay for car insurance?
While car insurance rates decrease around age 25, 20-year-old drivers still see higher-than-average rates. So while rates aren’t as high as teen drivers, they can still be around $300 a month. As discussed above, rates vary widely based on your state and insurance company. In addition, some insurance companies are more willing to work with younger drivers, while others charge much higher rates.
What states don’t allow insurance companies to consider age when setting auto insurance rates?
Hawaii, California, and Massachussetts disallow insurers from consider age when setting auto insurance rates. However, average auto insurance rates by age in these states are still higher for teens, since they can still consider a customer’s driving experience and insurance history.
Why are average auto insurance rates by age higher for 16-year-olds?
16-year-old drivers have less driving experience and are more likely to drive distracted. So, insurance companies charge them higher rates to offset the additional risk.
What other factors besides age can impact average auto insurance rates?
Factors like driving record, vehicle make and model, location, credit score, and coverage options all impact average auto insurance rates beyond age.
What is liability auto insurance, and how does it impact average auto insurance rates by age?
It can impact average auto insurance rates by age since younger drivers have higher rates due to their higher risk of accidents.
What age group has the cheapest car insurance?
Auto insurance for seniors is generally cheaper than the national average since seniors have experience driving. Seniors pay about $117 per month for full coverage.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.