Monthly Car Insurance – Car insurance costs an average of $161 per month for 25-year-olds, or $1,931 per year. Coverage for male drivers is approximately $108 more per year than for female drivers of the same age, although this difference may vary by state and company.
USAA has the lowest auto insurance rates for 25-year-olds, but only military-connected drivers can be insured. GEICO is the cheapest auto insurance for most 25 year olds where the average rate is for a full coverage policy.
Monthly Car Insurance
Determined the cost of auto insurance for 25-year-olds using rates provided by Quadrant Information Services for all zip codes in all 50 states plus Washington, DC. The 2017 Toyota Camry LE with 10,000 miles a year was next. restrictions:
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On average, car insurance for 25-year-olds costs $161 per month, or $1,931 per year. Car insurance for 25-year-olds is 17% more expensive than for adults in general in the US—about $279 more per year.
The average cost of auto insurance for 25-year-olds is $161 per month, but many companies offer cheaper coverage. USAA has the lowest auto insurance rates for 25 year olds, but because it’s only for military families, GEICO is the cheapest company available to the general public.
The cost of car insurance for 25-year-olds can vary greatly depending on the company. We found a difference of $3,096 per year in car insurance costs from the cheapest and most expensive companies for 25 year olds.
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This difference shows the importance of looking up quotes before buying to make sure you don’t pay more than you should.
While 25-year-olds pay more for auto insurance than the average adult driver, their rates are significantly lower than drivers under 25. Car insurance costs $2,890 a year less than for those under 25, but only $369 more than older drivers.
Auto insurance rates tend to get a lot cheaper once you hit the age of 25, when young drivers are “leaving” the riskiest age group.
But that’s only true for drivers who have kept a clean driving record – if you turn 25 due to an accident or a claim on your record, your rates probably won’t drop.
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The cost of auto insurance depends on the gender and age of the driver. We found that car insurance for 25-year-old male drivers typically costs slightly more than their female counterparts.
On average, auto insurance rates for 25-year-old men are only $9 a month or $108 a year more expensive. However, the difference between the cost of insurance for men and women depends on the company and location.
On average, car insurance for a typical 25-year-old driver costs $1,931 per year, but the cost depends on their location. We found that the annual cost of car insurance for 25-year-olds varies by as much as $2,358 depending on the state.
The cheapest state for auto insurance for 25-year-olds is North Carolina, where average rates for this age group are $1,060 per year. In Louisiana, car insurance costs $3,418 per year for 25-year-olds.
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Rating How we rate: Ratings are determined by our editors. Our methodology takes into account many factors, including pricing, financial ratings, customer experience, and other product-specific aspects.
GEICO is the best and cheapest auto insurance company for most 25 year old drivers. On average, GEICO rates for this age group are just $111 per month, or $1,333 per year, which is 19% cheaper than the average cost for 25-year-olds.
In addition to low rates, GEICO is a good choice for 25-year-olds due to its wide range of coverage options, including mechanical breakdown coverage, which covers brake replacements, new transmissions, and other potentially costly repairs not normally covered by a car. insurance.
GEICO is generally not the cheapest option – it’s USAA, which is only available to members of the military and their families. But GEICO’s wider availability makes it a better choice for more 25 year olds.
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In addition to being the cheapest companies for 25-year auto insurance, USAA and GEICO are the cheapest options in 30 states, including DC.
State Farm is the most affordable option in the 10 states. Because of the wide availability of these major insurance companies, many 25 year olds have at least a few options for getting cheap coverage.
The cost of car insurance for 25-year-olds is not much higher than average, but if you are 25 years old, you can take some steps to lower the rates.
You can get the best car insurance by comparing quotes from at least a few companies when buying insurance, but you can also save money if:
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Yes, car insurance at 25 is usually much cheaper than when you were younger. New drivers face higher insurance premiums due to their lack of experience. As long as you avoid accidents and tickets, your fares will be cheaper at age 25, which is the point at which you will no longer be considered part of the riskiest age group.
The average car insurance cost for a 25-year-old is $161 per month, or $1,931 per year. This means that 25-year-olds incur higher insurance costs than older drivers, but their rates are much lower than younger drivers.
The cost of car insurance for 25-year-old men is slightly more expensive than for women of the same age. We found that insurance costs for male drivers are $108 more per year than for female drivers.
Andrew Hurst is a senior editor and auto insurance licensing expert at . His work has also appeared in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin and Property Casualty 360.
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Anna Schwartz is a senior managing editor and auto insurance expert at , where she oversees our auto insurance. She previously was a senior staff writer at Mic.com and a junior writer at The Dodo. Erie, USAA, and Geico offer the cheapest insurance rates for 21-year-old drivers starting at $170 per month, according to our analysis. . thousands of quotes. To get the cheapest rate, compare auto insurance rates and take advantage of discounts for young drivers as rates for 21 year olds can vary by as much as $458 per month.
However, rates vary considerably between insurers. Erie Insurance, available in 13 states, offered the lowest monthly rates for 21-year-olds at $170. USAA, which is only available to members of the military and their families, was the second most affordable at $177 per month.
The large differences in rates show why young drivers should compare auto insurance quotes from many insurance companies. For example, the difference between the cheapest and the most expensive auto insurance rate for a 21-year-old driver is $458.
At age 21, female drivers pay an average of $370 per month and male drivers pay $399 per month. The reason for this difference is that young drivers are more likely to have accidents than female drivers.
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However, some states—California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, and Pennsylvania—ban insurers from using gender to determine auto insurance rates. Men and women must pay the same price for car insurance in these states, which must be the same.
The cost of comprehensive auto insurance tends to decrease with age, and rates may change for younger drivers in a few years. For example, the average 21-year-old pays $384 per month, which is $232 less per month than an 18-year-old.
Young drivers tend to pay more for car insurance compared to older drivers because they are considered riskier by insurers. This is because younger drivers tend to have more accidents and more insurance claims.
Geico has consistently been the most affordable insurance company, 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.
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North Carolina is the cheapest state to insure a 21-year-old driver with a monthly rate that is $234 cheaper than the average. Michigan is by far the most expensive state, as the monthly cost of insurance for a 21-year-old is six times the cost of insurance in North Carolina.
The best strategy for finding cheap car insurance for a 21-year-old driver – or for that matter, a driver of any age – is to look for rates from different insurance companies. Insurance companies charge premiums based on many factors, from the car you drive to your driving history. The insurer that gives you the best rate may be very different from the one that is best for your colleagues or family members.
By shopping at a rate, 21-year-olds and other young drivers, especially teenagers, can save money by staying on their parents’ auto insurance policy or taking advantage of all available discounts.
Yes, auto insurance rates tend to go down after you turn 21. The average rate for a 21 year old is about 16% cheaper than the price for a 20 year old. Auto insurance rates usually go down when you turn 20, with smaller discounts.
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