Car insurance for 23-year-olds


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Car insurance premiums tend to lower with age, assuming you are able to keep a clean driving record. Because they have several years of driving experience, car insurance for 23-year-old drivers is, on average, not as expensive as it is for teen drivers. But because they are still under 25, 23-year-olds are still considered to be higher-risk drivers than adults, and insurance companies charge higher rates to make up for the risk.

Bankrate uses Quadrant Information Services to gather up-to-date rate information. We have analyzed the average cost of car insurance for 23-year-old drivers by gender and state, as well as researching the cheapest companies for 23-year-old drivers.

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

The cost of full coverage car insurance for 23-year-old drivers who have their own policy is $2,535 per year. Insurance companies see young adults as riskier to insure than older drivers since they do not have as much experience behind the wheel. Recent data suggests that drivers between the ages of 21 and 29 are the most accident-prone age group.

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

Breaking down the cost of car insurance for 23-year-old drivers by gender, you will find that males pay more than females. Female drivers are statistically safer behind the wheel than their male counterparts, which results in lower auto insurance premiums.

Below are the national average annual full coverage car insurance premiums for 23-year-old males and females.

Average annual full coverage premium for 23-year-old male Average annual full coverage premium for 23-year-old female
$2,675 $2,394

The national 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 consideration that car insurance companies use when determining rates. Where you live also plays a role in how much you will pay.

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

The average cost of car insurance can vary greatly based on your geographic location. This is because each state has different laws surrounding insurance, as well as different rates of accidents or natural disasters.

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 $2,855 $2,487 $2,671
Alaska $2,615 $2,203 $2,409
Arizona $2,454 $2,246 $2,350
Arkansas $3,066 $2,638 $2,852
California $3,069 $3,054 $3,062
Colorado $3,148 $2,755 $2,951
Connecticut $2,640 $2,274 $2,457
Delaware $2,728 $2,467 $2,597
District of Columbia $2,921 $2,528 $2,725
Florida $3,960 $3,594 $3,777
Georgia $3,454 $2,896 $3,175
Hawaii $1,216 $1,216 $1,216
Idaho $1,876 $1,631 $1,753
Illinois $2,468 $2,150 $2,309
Indiana $2,209 $1,910 $2,059
Iowa $2,015 $1,756 $1,886
Kansas $2,779 $2,435 $2,607
Kentucky $3,790 $3,280 $3,535
Louisiana $4,289 $3,804 $4,047
Maine $1,481 $1,263 $1,372
Maryland $2,913 $2,478 $2,695
Massachusetts $1,623 $1,623 $1,623
Michigan $3,769 $3,764 $3,766
Minnesota $2,553 $2,332 $2,442
Mississippi $2,782 $2,361 $2,572
Missouri $2,791 $2,423 $2,607
Montana $2,708 $2,707 $2,708
Nebraska $2,406 $2,065 $2,236
Nevada $3,426 $3,052 $3,239
New Hampshire $1,995 $1,652 $1,823
New Jersey $2,729 $2,400 $2,565
New Mexico $2,274 $2,024 $2,149
New York $3,489 $3,044 $3,266
North Carolina $1,537 $1,537 $1,537
North Dakota $1,969 $1,703 $1,836
Ohio $1,920 $1,648 $1,784
Oklahoma $2,791 $2,503 $2,647
Oregon $2,112 $1,925 $2,019
Pennsylvania $2,551 $2,551 $2,551
Rhode Island $2,972 $2,527 $2,750
South Carolina $2,440 $2,135 $2,287
South Dakota $2,475 $2,222 $2,348
Tennessee $2,336 $2,014 $2,175
Texas $3,178 $2,586 $2,882
Utah $2,175 $1,910 $2,042
Vermont $2,029 $1,753 $1,891
Virginia $2,203 $1,859 $2,031
Washington $1,989 $1,712 $1,851
West Virginia $2,506 $2,188 $2,347
Wisconsin $1,873 $1,687 $1,780
Wyoming $2,411 $1,951 $2,181

Cheapest car insurance companies for 23-year-olds

Shopping around and comparing car insurance quotes is one of the most effective ways to save money on car insurance for 23-year-olds. Out of the best car insurance carriers, the following companies offer the lowest rates for 23-year-old drivers.

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 $1,726
Erie Insurance $1,912 $1,727 $1,819
Geico $1,999 $1,835 $1,917
Progressive $2,128 $1,975 $2,052


23-year-old drivers may want to consider USAA for their car insurance coverage. However, USAA only insures past and current military personnel and qualifying family members. If you do qualify for coverage, USAA offers consistently low rates as well as numerous discounts to help lower premiums even more. Discounts include safe driver, annual mileage, vehicle storage and more.

Erie Insurance

Erie Insurance is another affordable car insurance company for younger drivers. Erie offers several unique coverages on its auto insurance policies, including pet coverage and locksmith coverage, as well as several discounts tailored specifically to young drivers. However, Erie is not available in every state, so your geographic location will impact your ability to obtain a quote from Erie.


Geico’s extensive list of discounts can save drivers up to 25% on premiums. Taking advantage of discounts for safety equipment, good students, newer vehicles and defensive driving can maximize a younger driver’s savings on car insurance. On top of its already low premiums, these discounts can help Geico policyholders save on their car insurance costs.


23-year-old drivers should consider obtaining a quote from Progressive. Enrolling in Progressive’s Snapshot program can help drivers lower their car insurance rates. Snapshot is a telematics program that tracks your driving through a mobile app or plug-in device to determine how safely you drive. Your premiums are discounted based on your driving activity, although drivers deemed high-risk by the program could see a premium increase.

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

Shopping around to find the most affordable carrier is a great way to save on car insurance, but there are other ways to lower your premiums.

Consider the vehicle you drive

Some cars are simply cheaper to insure. Selling or trading your car may be a drastic measure, but if you need to lower your insurance costs, you may want to consider a car that will cost less to insure. Additionally, depending on the age of your car and whether you have financed it, you may be able to insure your vehicle with liability only coverage. However, if you consider this, you should be aware that liability only coverage will not provide any coverage for your own vehicle; if you remove comprehensive coverage and collision coverage, you will pay the repair or replacement bills for damage to your own car out of pocket if you are in an at-fault accident.

Raise your deductible

If you can afford to pay more up front in an accident, raising your deductible may help you save on your premium. However, you should consider this step carefully and make sure you can afford a higher deductible if you are in an accident. You should also consider having your agent or car insurance company quote this change before you proceed with it, as deductible increases may not save enough money for you to offset the risk of paying a higher deductible.

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

Finding the best and most affordable car insurance when you are 23 is important. Skimping on coverage can leave you in a financially precarious position if you are in an accident, but paying too much for insurance can be a struggle if you are on a budget. Shopping around for coverage with some of the more affordable carriers for younger drivers, such as USAA, Progressive, Geico and Erie, can help you find the best rate and the best coverage options for you.

Frequently asked questions

What is the best car insurance company?

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

How much is car insurance for a 23 year old?

The average annual cost of car insurance for 23-year-old drivers is $2,535 for full coverage. However, since each driver has a unique set of circumstances, prices will vary. You may pay more or less depending on factors like the state you live in, the type of car you drive, your driving history and your coverage choices.


Bankrate utilizes Quadrant Information Services to analyze 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 driving record, good credit and the following 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 coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2021 Quadrant Information Services data.