Car insurance for 24-year-olds
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With more years of driving experience under their belts, 24-year-old drivers generally pay less than teen drivers who have just earned their license. The average cost of car insurance for 24-year-olds is $2,494 per year for full coverage, according to Bankrate’s research and 2022 rate data. This may be higher compared to the average rates paid by more experienced drivers, but that doesn’t mean affordable car insurance is out of reach.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare auto insurance rates
Save on auto insurance with quotes from trusted providers like:
Drivers switch & save an average of $750+/year
Are you overpaying for auto insurance?
Safe drivers choose Allstate®
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
If you know what factors go into auto insurance rates and how to shop around for quotes, it could help you find the best car insurance for your needs. As such, our study into the average cost of car insurance for 24-year-olds and what factors affect this premium might help you make more informed decisions about your coverage.
How much is car insurance for a 24-year-old?
The average full coverage car insurance premium for 24-year-old drivers with their own policy is $2,494 per year, according to 2022 data obtained from Quadrant Information Services. As you gain more driving experience, assuming you are able to avoid at-fault accidents and traffic citations, your average premium should continue to drop as you get older.
However, car insurance premiums are calculated using a number of factors. Age is one, but if you live in Hawaii or Massachusetts, your age won’t be used to rate your policy. Insurance companies in these two states are barred from using age as a rating factor.
Additionally, your gender (in most states), the state you live in, the type of car you drive, your driving history and the coverage types you choose may all impact your rate. You may pay more or less than the national average premium based on your specific rating factors.
Average car insurance costs for 24-year-old men and women
Car insurance premiums are typically higher for 24-year-old males because they are statistically more likely to exhibit risky driving activities, such as speeding and driving under the influence. In addition, historical data shows that men get into more accidents than women, and those accidents tend to be more serious.
However, your gender won’t affect your car insurance premium in every state. If you live in California, Hawaii, Massachusetts, Michigan, Pennsylvania or North Carolina, insurance companies are not allowed to use gender as a factor when calculating car insurance premiums.
On average, 24-year-old male drivers pay about $240 more per year for car insurance than female drivers of the same age. But actual rates will depend on many other factors, like driving record and location. In the table below, you can see the average cost of car insurance for a 24-year-old female driver and 24-year-old male driver:
| Average annual full coverage premium for a 24-year-old male | Average annual full coverage premium for a 24-year-old female |
|---|---|
| $2,614 | $2,374 |
Average car insurance cost for 24-year-olds by state
The average cost of car insurance for 24-year-olds can vary significantly by state. One of the biggest reasons for the variation in price is the differing requirements each state has for car insurance coverage.
For instance, some states have higher required minimum liability limits or require other types of coverage, such as uninsured motorist coverage or personal injury protection (PIP). Each state also has different statistics regarding accidents, weather-related damage and the cost for parts and labor, which can impact how much you pay for insurance.
According to rate data from Quadrant, Hawaii has the cheapest rates for all 24-year-old drivers, with an average full coverage premium of $1,265. Louisiana has the most expensive average premiums for 24-year-olds, with an average full coverage premium of $4,064.
In the table below, we’ve included average car insurance premiums for 24-year-old male and female drivers separately, and the combined average premium for drivers in this age group.
| State | Average annual full coverage premium for 24-year-old male | Average annual full coverage premium for 24-year-old female | Overall average annual full coverage premium |
|---|---|---|---|
| Alabama | $2,824 | $2,423 | $2,624 |
| Alaska | $2,762 | $2,337 | $2,549 |
| Arizona | $2,591 | $2,397 | $2,494 |
| Arkansas | $2,763 | $2,357 | $2,560 |
| California* | $2,948 | $2,948 | $2,948 |
| Colorado | $3,086 | $2,746 | $2,916 |
| Connecticut | $2,429 | $2,129 | $2,279 |
| Delaware | $2,939 | $2,694 | $2,816 |
| Florida | $4,094 | $3,737 | $3,915 |
| Georgia | $3,113 | $2,637 | $2,875 |
| Hawaii* | $1,265 | $1,265 | $1,265 |
| Idaho | $1,709 | $1,496 | $1,602 |
| Illinois | $2,478 | $2,181 | $2,329 |
| Indiana | $1,932 | $1,728 | $1,830 |
| Iowa | $1,918 | $1,680 | $1,799 |
| Kansas | $2,762 | $2,480 | $2,621 |
| Kentucky | $3,174 | $2,773 | $2,974 |
| Louisiana | $4,274 | $3,854 | $4,064 |
| Maine | $1,499 | $1,268 | $1,384 |
| Maryland | $2,942 | $2,557 | $2,750 |
| Massachusetts* | $1,528 | $1,527 | $1,527 |
| Michigan* | $3,330 | $3,330 | $3,330 |
| Minnesota | $2,489 | $2,270 | $2,380 |
| Mississippi | $2,608 | $2,245 | $2,426 |
| Missouri | $3,021 | $2,654 | $2,838 |
| Montana | $2,638 | $2,638 | $2,638 |
| Nebraska | $2,392 | $2,067 | $2,229 |
| Nevada | $3,635 | $3,270 | $3,453 |
| New Hampshire | $1,997 | $1,649 | $1,823 |
| New Jersey | $2,859 | $2,530 | $2,694 |
| New Mexico | $2,229 | $1,995 | $2,112 |
| New York | $4,203 | $3,729 | $3,966 |
| North Carolina* | $1,499 | $1,499 | $1,499 |
| North Dakota | $1,760 | $1,575 | $1,668 |
| Ohio | $1,916 | $1,667 | $1,792 |
| Oklahoma | $2,758 | $2,511 | $2,635 |
| Oregon | $2,014 | $1,850 | $1,932 |
| Pennsylvania* | $2,943 | $2,943 | $2,943 |
| Rhode Island | $2,864 | $2,383 | $2,624 |
| South Carolina | $2,253 | $1,999 | $2,126 |
| South Dakota | $2,166 | $1,967 | $2,066 |
| Tennessee | $2,152 | $1,928 | $2,040 |
| Texas | $2,894 | $2,434 | $2,664 |
| Utah | $2,235 | $1,980 | $2,108 |
| Vermont | $1,687 | $1,438 | $1,563 |
| Virginia | $2,255 | $1,915 | $2,085 |
| Washington, D.C. | $2,804 | $2,545 | $2,675 |
| Washington | $2,094 | $1,827 | $1,961 |
| West Virginia | $2,274 | $2,040 | $2,157 |
| Wisconsin | $1,884 | $1,706 | $1,795 |
| Wyoming | $2,439 | $1,973 | $2,206 |
Best car insurance companies for 24-year-olds
The car insurance company that you choose also has an impact on your premiums, as well as what coverage types, discounts and policy features will be available to you. Bankrate analyzed dozens of car insurance companies for rate information, coverage options, customer satisfaction and available discounts, and found several that stand out. If you are looking for the best car insurance for 24-year-olds, you might want to get quotes from the following carriers.
| Car insurance company | Average annual full coverage premium for 24-year-old males | Average annual full coverage premium for 24-year-old females | Overall average annual full coverage premium |
|---|---|---|---|
| Geico | $1,748 | $1,621 | $1,684 |
| USAA | $1,766 | $1,660 | $1,713 |
| Travelers | $2,015 | $1,830 | $1,922 |
| Progressive | $2,231 | $2,136 | $2,183 |
Geico
Geico has cheap average rates for 24-year-old drivers, based on rate data from Quadrant. In addition, Geico offers a wide variety of car insurance discounts, which may help you get a lower premium. There are savings for good students, safe drivers, bundling your policies, always wearing your seatbelt, taking a defensive driving course and many others. Geico also has a highly-rated mobile app where customers can pay bills, file claims, print ID cards and request roadside assistance.
Learn more: Geico Insurance review
USAA
USAA is a great car insurance carrier for 24-year-old drivers in search of affordable coverage. However, not everyone qualifies. USAA is a membership-based insurer for veterans, active duty and retired military personnel, and their immediate families. Eligible drivers can take advantage of USAA’s low average rates and generous discounts. There are only a few add-on coverages to choose from, but accident forgiveness is available in some states if you remain accident-free for five years.
Learn more: USAA Insurance review
Travelers
Travelers may be a good option if you are looking for a car insurance policy that is highly customizable. The company offers several optional coverage types, including new car replacement, accident forgiveness and ridesharing coverage, if available in your state. There are plenty of ways to save, too, with discounts for being a safe driver, having continuous insurance, insuring an electric or hybrid vehicle, being a homeowner and being a good student.
Learn more: Travelers Insurance review
Progressive
Progressive’s unique tools and discounts make it a good choice for 24-year-old drivers. You can use the Name Your Price tool to see a range of coverage options within your designated budget. You might also consider enrolling in Progressive’s Snapshot program to potentially save money. Snapshot tracks your driving habits using a plug-in device or a mobile app to determine how safe of a driver you are. Progressive offers a variety of other discounts and several optional coverages for more protection.
Learn more: Progressive Insurance review
Cheapest car insurance for 24-year-olds
Because car insurance for 24-year-olds is still more expensive than the national average, finding a cheap policy might be especially important for you. Some car insurance companies offer lower rates than others, which is why you should shop around and get multiple price quotes. Based on our research and average rate data from Quadrant, the following companies offers some of the cheapest rates for 24-year-old drivers:
| Car insurance company | Average annual full coverage premium for 24-year-old males | Average annual full coverage premium for 24-year-old females | Overall average annual full coverage premium |
|---|---|---|---|
| Erie | $1,623 | $1,612 | $1,617 |
| USAA | $1,766 | $1,660 | $1,713 |
| Geico | $1,748 | $1,621 | $1,684 |
| State Farm | $1,969 | $1,737 | $1,853 |
| Progressive | $2,231 | $2,136 | $2,183 |
How to save on car insurance for 24-year-olds
Although average premiums for 24-year-old drivers are lower than they are for teen drivers, many young adult drivers will still want to find ways to save on their auto insurance. Below are some tips that may help you lower your auto insurance premium as a 24-year-old driver.
- Bundle coverage: If you’re renting an apartment, or own a house or condo, bundling your property insurance and car insurance from the same company can often help you get a lower rate.
- Drive a sensible car: The car you drive has a big impact on your insurance premiums. Driving a reliable vehicle with a low cost of repairs may result in a cheaper car insurance premium.
- Maintain a clean driving record: Accidents, tickets and DUI convictions may cause your car insurance premium to increase. Keeping a clean driving record can help you maintain a lower rate.
How to get the best car insurance for a 24-year-old
To find the best car insurance for you, you may want to get quotes from several carriers to compare prices, coverage options and discounts. Taking customer service reviews and financial strength ratings into consideration may also be prudent. If you maintain a clean driving record, with no accidents or tickets, your auto insurance premiums should stay lower than if you have a history of citations or at-fault accidents. If you are still in school, you might still be able to take advantage of student discounts; many companies offer these savings opportunities to drivers up to age 25.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-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 coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.
Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.
