erie, usaa and geico offer the lowest insurance rates for drivers age 21 and over starting at $170 per month, based on our analysis of thousands of quotes. To get the lowest rate, compare auto insurance quotes and take advantage of young driver discounts, as rates for 21-year-olds can range up to $458 per month.
how much does car insurance cost for a 21 year old?
however, rates vary significantly between insurers. erie insurance, which is available in 13 states, offered the lowest monthly rates for 21-year-olds at $170. usaa, which is only available to military members and their families, was second most affordable at $177 a month.
geico was the most affordable and widely available auto insurance for 21 year olds at $207 per month.
The vast differences in rates demonstrate why young drivers should compare auto insurance quotes from multiple insurance companies. for example, there is a difference of $458 between the cheapest and most expensive car insurance rates for a 21-year-old driver.
find the cheapest insurers for young drivers in each state
how much does auto insurance cost for 21 year old male and female drivers?
For 21-year-olds, female drivers pay an average of $370 per month, while male drivers pay $399 per month. this difference is due to the fact that younger male drivers tend to have more accidents compared to female drivers.
However, some states (California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, and Pennsylvania) prohibit insurers from using gender to determine car insurance rates. Men and women should pay the same price for car insurance coverage in these states, all things being equal.
the average cost of auto insurance, by age
The cost of full coverage auto insurance generally declines with age, and just a few years can result in very different rates for young drivers. For example, the average 21-year-old pays $384 per month, which is $232 per month cheaper than the cost for an 18-year-old.
Young drivers often pay more for car insurance than older drivers because insurers consider them to be a higher risk. this is due to the fact that younger drivers tend to have more accidents and file more insurance claims.
cheapest car insurance for 21-year-olds, by state
geico was consistently the most affordable insurer, being the cheapest company in four of the nine states. Below, we recommend the cheapest car insurance companies for a 21-year-old in our nine sample states.
cost of car insurance for 21-year-olds, by state
North Carolina is the cheapest state to insure a 21-year-old driver, with a monthly rate that is $234 cheaper than the overall average. Michigan is by far the most expensive state, with the monthly cost of insurance for a 21-year-old being six times the cost in North Carolina.
how to get cheap car insurance as a 21 year old
The best strategy for finding affordable car insurance for a 21-year-old driver (or a driver of any age, for that matter) is to shop around for rates from different insurers. Insurance companies charge premiums based on many factors, from the car you drive to your driving record. The insurer that offers you the best rate may be very different from the ones best suited for your colleagues or family members.
When searching for quotes, 21-year-olds and other young drivers, especially teens, can save by keeping their parents’ auto insurance policies or by taking advantage of all available discounts.
frequently asked questions
Our study drew citations from thousands of zip codes in nine of the most populous states in the us. uu. Our sample drivers were 21-year-old men and women driving a 2015 Honda Civic Ex. Drivers were single and had clean driving records.
We collect full coverage rates with the following limits:
Our analysis covered 29 insurance companies. however, an insurer was only added to our list of average prices and recommendations if its policies were available in at least three of the nine states.
valuepenguin analysis collected insurance rate data from quadrant information services. rates used to calculate averages were publicly obtained from insurer filings. these averages should only be used for comparative purposes; your own quotes may be different.