Auto insurance rates by age in 2021

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Your age is one of the biggest drivers of your car insurance rate. Young male drivers tend to pay the most for car insurance, with 18-year-old men paying an average of $5,650 per year for full coverage, according to data pulled from Quadrant Information Services. In contrast, 40-year-old women pay some of the lowest car insurance premiums, with an average cost of $1,532 per year for full coverage. For comparison, the national average annual cost of car insurance in the U.S. is $1,674.

Although some states ban the use of gender as a rating factor, in most states, your gender also plays a role in determining your rate. Bankrate has researched the average car insurance rates for various age groups and organized them by gender to help you understand how your personal rating factors affect your premium.

Average auto insurance rates by age and gender

When determining your premium, your age plays a substantial role in assessing how much risk an insurance company assigns to your driving habits. Due to their lack of experience, younger drivers tend to get into more accidents than older drivers. In many states, gender also plays a role in how much you pay for car insurance, with men tending to pay higher rates due to an increased likelihood of accidents.

However, car insurance costs vary due to several factors. The price you pay will reflect both your age and gender but also the state you live in, your personal driving history and the types of coverage you choose.

The auto insurance rates by age and gender listed in the table below are national average annual rates for full coverage. While the rate you will pay will vary, these numbers can give you an idea of what to expect.

Average annual full coverage car insurance premium by age and gender
Age Average rate for males Average rate for females
16-year-old* $2,783 $2,280
17-year-old* $2,612 $2,141
18-year-old $5,650 $4,844
19-year-old $4,487 $3,807
20-year-old $4,098 $3,492
21-year-old $3,166 $2,769
22-year-old $2,913 $2,578
23-year-old $2,733 $2,446
24-year-old $2,590 $2,332
25-year-old $2,183 $2,038
30-year-old $1,869 $1,832
35-year-old $1,813 $1,790
40-year-old $1,748 $1,532
50-year-old $1,601 $1,591
60-year-old $1,552 $1,537
70-year-old $1,701 $1,670

*16 and 17-year-old rates reflect the added cost to their parents’ policy with the teen added.

How age affects your car insurance rates

When you analyze average car insurance rates by age, you may notice a trend. Coverage starts out relatively expensive for teens and young adults. Over the years, premiums generally decrease as drivers gain more experience behind the wheel. But as drivers reach their senior years, premiums can creep back up. In general, this is due to risk factors associated with each age group.

  • Teens: Teens are considered some of the riskiest drivers to insure. Teen drivers are three times as likely to get into a fatal car accident than older drivers. Insurers frequently charge more to insure teen drivers to offset the higher costs associated with teen driving claims.
  • Adults: The cost of auto insurance coverage generally begins to drop by the time a driver reaches their early 20s. By 25, drivers might notice a pretty significant reduction in their premiums. Throughout adulthood — provided that drivers have a history of safe driving and few insurance claims — premiums generally continue to drop as drivers gain more experience.
  • Seniors: Unfortunately, the downward trend of insurance premiums typically comes to an end as drivers reach their 70s. Aging-related factors like vision or hearing loss and slowed response time might make seniors more likely to get into accidents. However, while seniors may see their insurance premiums increase, they likely will not go back to paying the high rates of teen drivers, assuming their driving record is clean.

Most insurers understand that car insurance can be expensive for certain age groups and offer discounts to help reduce those premiums. Common discounts for young drivers include good student discounts and driver training discounts. Senior drivers can often get discounts for company loyalty or affiliation with organizations such as AARP.

How gender affects your car insurance rates

In most states, gender is used as a rating factor when determining car insurance premiums. In general, men are statistically more likely to engage in risky driving behavior, but this does not automatically mean that men pay more than women for coverage. While the general trend of premiums shows that men pay more than women, this depends on numerous factors.

The state a driver lives in and the age of a driver all impact how much car insurance costs. For example, a 60-year-old man in Arkansas pays an average of $46 more per year for full coverage than a woman of the same age, but a 40-year-old man in Florida pays an average of $36 less for full coverage than a 40-year-old woman.

There are currently seven states that do not allow gender to be used as a rating factor: California, Hawaii, Massachusetts, Michigan, Montana, North Carolina and Pennsylvania. In these states, rates for men and women should be roughly equal if all the other rating factors — like age, vehicle type, driving history, etc. — are the same.

Frequently asked questions

How can I find the best car insurance for my age and gender?

The first step to finding the best car insurance for your circumstances is to figure out what factors matter most to you. Knowing if you value a range of discount options or mobile tools, for example, will help you to narrow down the list of auto insurance companies you may want to consider. Next, it could be a good idea to obtain quotes from multiple insurance companies. This way, you can compare the premiums and coverage offerings to find a policy that best suits your needs.

How do I get cheaper auto insurance if I am a young driver?

Insurance companies understand that the premiums for young drivers can be daunting. Most companies offer discounts to help offset these costs, including good student discounts and driver training discounts. Maintaining safe driving habits can help you to keep your driving record clean of tickets and accidents, which can help keep costs down as well.

Besides age and gender, what factors do insurers use to set my premium?

Insurance companies take into account a number of factors to determine premiums. Each company has its own method, but you can generally expect companies to look at your annual mileage, your vehicle, your driving record, the coverages you choose and, in some states, your credit score.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 16- to 70-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 base profile drivers own a 2019 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 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner.

Gender: the following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania.

Written by
Cate Deventer
Insurance Editor
Cate Deventer is a writer, editor and insurance professional. She is currently pursuing a Bachelor’s degree in English with a concentration in professional and technical writing from Indiana University East. She began writing for Bankrate in January 2021 and has nearly a decade of experience in the insurance industry as a licensed insurance agent. Cate has worked with over a dozen insurance companies and is experienced with auto, home, flood, umbrella and life insurance.
Edited by
Insurance Editor