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Brandon Frady
Licensed Insurance Producer
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi.
Written by Brandon FradyLicensed Insurance Producer
Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi.
Reviewed by Tracey L. WellsLicensed Insurance Agent & Agency Owner
UPDATED: Aug 30, 2024
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UPDATED: Aug 30, 2024
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
It’s no secret that auto insurance for young adults is more expensive than coverage for older drivers, making it critical to compare auto insurance rates by age. Teens pay about $592 for full coverage, but rates decrease around 25. In addition, males typically pay higher rates than females.
We’ll break down auto insurance premiums by age, looking at cheap auto insurance companies by age. Keep reading to learn more about average car insurance rates by age and gender, how to find the best car insurance rates by age, and how age affects car insurance rates. Enter your ZIP code above to get started on comparing quotes.
Auto insurance rates fluctuate based on age. Young drivers pay higher average rates because they lack the necessary experience to avoid accidents. In addition, another reason why auto insurance costs more for young drivers is that they tend to take more risks, like distracted driving and speeding.
Insurance rates by age reflect the evolving risk profiles insurers consider, balancing experience and statistics to determine premiums
So now we know that car insurance rates can vary significantly based on age and gender, reflecting the varying risk profiles associated with different demographics. The average insurance rates by age and car highlight these differences. For younger drivers, particularly those under 25, premiums are often higher due to their limited driving experience and higher likelihood of accidents.
The cost of car insurance for 17-year-olds tends to be quite high due to the increased risk associated with young and inexperienced drivers. On average, insurance companies charge higher premiums to cover potential accidents. Specifically, the average car insurance rate for a 17-year-old female varies depending on factors such as location, type of vehicle, and driving record. Still, it remains significantly higher than rates for older, more experienced drivers.
For example, the average car insurance rates for drivers under 25 are notably high. Specifically, car insurance for a 23-year-old and car insurance for a 24-year-old tends to be expensive, though at slightly lower rates than for teenagers. The average car insurance rate for a 20-year-old female is generally lower than for males of the same age but still high overall.
AS drivers age and gain more experience, their rates typically decrease. Car insurance for a 28-year-old male and car insurance for a 30-year-old is usually more affordable than for young drivers.
For older drivers, car insurance for those over 50 years old and car insurance for drivers over 55 years old tends to be quite reasonable, as these drivers are often seen as more experienced and lower-risk.
Auto insurance rates for seniors and auto insurance for seniors over 65 can vary, sometimes increasing slightly due to age-related factors. However, car insurance for 60-year-olds often remains relatively low compared to younger age groups.
Overall, the cost of car insurance is influenced by various factors including age, gender, driving history, and the type of car being insured.
The good news is that around age 25, your car insurance rates start to decrease, provided you have a clean driving record. Unfortunately, rates stay much higher than usual if you have accidents, tickets, or DUIs on your driving record.
Kristen Gryglik Licensed Insurance Agent
Auto insurance for men vs. women also has varying rates. Males typically pay higher rates because statistics show they take more risks. So, we’ll show you average car insurance rates by age and gender. In general, if you are wondering, “Which gender pays more for car insurance?”, statistically speaking, young male drivers tend to pay more for car insurance compared to young female drivers. Insurance rates do go up with age no matter your gender.
However, not all states allow auto insurance companies to use age to determine rates. We’ll see how average car insurance rates by age per month compare below. Understanding average car insurance rates per month helps budget-conscious drivers plan their expenses wisely.
Many 18-year-olds have a year or two of driving experience, so their rates aren’t the highest. However, rates are still significantly higher than average.
Why do young drivers pay more for car insurance? Auto insurance for teens is higher for various reasons, but the most significant is that they’re in more accidents than older drivers.
Check out this car insurance rates chart by age to see which of the top insurers have the best full coverage rates for 18-year-old drivers:
Teen Full Coverage Auto Insurance Monthly Rates by Provider, Age, & GenderInsurance Company | Age: 16 Female | Age: 16 Male | Age: 18 Female | Age: 18 Male |
---|---|---|---|---|
Allstate | $608 | $638 | $448 | $519 |
Elephant | $452 | $456 | $333 | $371 |
Farmers | $778 | $742 | $573 | $603 |
Geico | $298 | $312 | $220 | $254 |
Liberty Mutual | $716 | $778 | $528 | $633 |
Nationwide | $411 | $476 | $303 | $387 |
Progressive | $801 | $814 | $591 | $662 |
State Farm | $311 | $349 | $229 | $284 |
Travelers | $709 | $897 | $523 | $729 |
While USAA has the cheapest rates, it only offers car insurance to military members, veterans, and their families. So for this article, we’ll focus on insurers available to all drivers.
Geico offers the cheapest rates for all 18-year-olds, but males pay around $30 more monthly than females.
Farmers offers the most expensive rates for 18-year-old females. However, Travelers has the most expensive rates for 18-year-old males, who pay over $200 a month more than females.
Fortunately, drivers over 25 see lower car insurance rates. In addition, the gap between male and female rates decreases.
Car insurance age brackets categorize drivers into groups that insurers use to assess risk and determine premiums, reflecting varying levels of driving experience and statistical likelihood of accidents. The car insurance by age chart below illustrates how premiums vary differently across age groups.
This table shows average car insurance rates by age and gender for older drivers from top car insurance companies:
Full Coverage Auto Insurance Monthly Rates by Age, Gender, & ProviderInsurance Company | Age: 18 Female | Age: 18 Male | Age: 30 Female | Age: 30 Male | Age: 45 Female | Age: 45 Male | Age: 55 Female | Age: 55 Male | Age: 65 Female | Age: 65 Male |
---|---|---|---|---|---|---|---|---|---|---|
AAA | $328 | $378 | $99 | $103 | $88 | $86 | $83 | $81 | $86 | $84 |
Allstate | $448 | $519 | $168 | $176 | $162 | $160 | $153 | $152 | $158 | $157 |
American Family | $305 | $414 | $116 | $137 | $115 | $117 | $109 | $111 | $113 | $114 |
CURE | $405 | $461 | $125 | $128 | $114 | $111 | $108 | $105 | $111 | $109 |
Farmers | $597 | $629 | $160 | $167 | $139 | $139 | $132 | $131 | $136 | $136 |
Geico | $220 | $254 | $90 | $87 | $80 | $80 | $76 | $76 | $78 | $78 |
Liberty Mutual | $626 | $626 | $174 | $200 | $171 | $174 | $162 | $165 | $167 | $170 |
Mercury | $283 | $318 | $87 | $91 | $78 | $77 | $74 | $73 | $77 | $76 |
Mile Auto | $350 | $370 | $170 | $180 | $150 | $157 | $142 | $143 | $145 | $150 |
Nationwide | $303 | $387 | $124 | $136 | $113 | $115 | $107 | $109 | $111 | $112 |
Progressive | $591 | $662 | $131 | $136 | $112 | $105 | $106 | $100 | $109 | $103 |
Safeco | $253 | $292 | $77 | $79 | $72 | $71 | $69 | $67 | $71 | $69 |
State Farm | $229 | $284 | $94 | $103 | $86 | $86 | $82 | $82 | $84 | $84 |
The Hartford | $407 | $469 | $126 | $133 | $115 | $113 | $109 | $107 | $112 | $109 |
Travelers | $530 | $740 | $99 | $108 | $98 | $99 | $93 | $94 | $96 | $97 |
USAA | $180 | $203 | $74 | $79 | $59 | $59 | $56 | $56 | $58 | $57 |
U.S. Average | $416 | $501 | $128 | $139 | $119 | $119 | $113 | $113 | $117 | $117 |
Rates continue to decrease until drivers reach 60. Then, many drivers see their rates creep back up, but they remain much lower than younger drivers.
Once drivers hit a certain age, health concerns outweigh experience behind the wheel. While most older drivers have decades of experience, some drivers face a loss of motor skills and slow reaction times.
For these reasons, auto insurance for seniors begins to get more expensive when drivers turn 60. However, the increase should be minimal if you’ve avoided accidents on your driving record.
This table shows the average monthly car insurance rates for 65-year-old drivers:
Senior Full Coverage Auto Insurance Monthly Rates by Provider, Age, & GenderInsurance Company | Age: 55 Male | Age: 55 Female | Age: 60 Male | Age: 60 Female | Age: 65 Male | Age: 65 Female |
---|---|---|---|---|---|---|
Allstate | $152 | $153 | $154 | $150 | $157 | $158 |
Elephant | $92 | $92 | $89 | $86 | $95 | $95 |
Farmers | $131 | $132 | $128 | $120 | $136 | $136 |
Geico | $76 | $76 | $74 | $73 | $78 | $78 |
Liberty Mutual | $165 | $162 | $159 | $148 | $170 | $167 |
Nationwide | $109 | $107 | $104 | $99 | $112 | $111 |
Progressive | $100 | $106 | $95 | $92 | $103 | $109 |
State Farm | $82 | $82 | $76 | $76 | $84 | $84 |
The Hartford | $107 | $109 | $103 | $101 | $109 | $112 |
Travelers | $94 | $93 | $90 | $89 | $97 | $96 |
Geico provides the lowest rates for male and female 65-year-old drivers. However, Liberty Mutual offers the highest rates for 65-year-old drivers, which are more than double those of Geico. (Read More: Liberty Mutual Auto Insurance Review)
Navigating the average car insurance cost by age reveals how premiums evolve, reflecting drivers’ changing risk profiles and insurers’ pricing strategies. Your location also affects car insurance rates. As discussed above, some states don’t allow age to affect rates. However, all other states allow insurers to consider age when calculating rates.
This table shows the average car insurance cost per month by age and state:
Full Coverage Auto Insurance Monthly Rates by State & ProviderState | Allstate | American Family | Farmers | Geico | Liberty Mutual | Nationwide | Progressive | State Farm | Travelers | USAA |
---|---|---|---|---|---|---|---|---|---|---|
Alabama | $108 | $105 | $133.00 | $89.00 | $162.00 | $96.00 | $112 | $108 | $79 | $56 |
Alaska | $135 | $105 | $127.00 | $76.00 | $164.00 | $108.00 | $97 | $65 | $93 | $60 |
Arizona | $180 | $114 | $135.00 | $65.00 | $178.00 | $116.00 | $84 | $81 | $104 | $63 |
Arkansas | $162 | $137 | $165.00 | $91.00 | $99.00 | $128.00 | $131 | $80 | $111 | $55 |
California | $199 | $138 | $167.00 | $101.00 | $216.00 | $142.00 | $132 | $108 | $122 | $74 |
Colorado | $166 | $118 | $163.00 | $94.00 | $92.00 | $107.00 | $120 | $94 | $114 | $78 |
Connecticut | $196 | $125 | $151.00 | $62.00 | $201.00 | $112.00 | $133 | $91 | $83 | $77 |
Delaware | $207 | $130 | $157.00 | $101.00 | $494.00 | $144.00 | $90 | $116 | $82 | $43 |
Florida | $183 | $188 | $227.00 | $105.00 | $161.00 | $103.00 | $153 | $99 | $166 | $47 |
Georgia | $165 | $124 | $149.00 | $61.00 | $263.00 | $152.00 | $115 | $107 | $110 | $71 |
Hawaii | $118 | $82 | $99.00 | $59.00 | $128.00 | $84.00 | $78 | $64 | $72 | $44 |
Idaho | $128 | $93 | $92.00 | $57.00 | $79.00 | $82.00 | $91 | $53 | $57 | $40 |
Illinois | $176 | $114 | $117.00 | $47.00 | $76.00 | $93.00 | $89 | $64 | $87 | $62 |
Indiana | $140 | $107 | $79.00 | $63.00 | $183.00 | $97.00 | $69 | $71 | $69 | $43 |
Iowa | $126 | $95 | $82.00 | $81.00 | $116.00 | $73.00 | $75 | $65 | $92 | $55 |
Kansas | $160 | $114 | $144.00 | $75.00 | $174.00 | $92.00 | $127 | $81 | $87 | $56 |
Kentucky | $236 | $164 | $197.00 | $80.00 | $168.00 | $184.00 | $111 | $98 | $139 | $72 |
Louisiana | $206 | $176 | $212.00 | $141.00 | $274.00 | $181.00 | $161 | $124 | $156 | $98 |
Maine | $108 | $84 | $117.00 | $37.00 | $120.00 | $87.00 | $94 | $59 | $61 | $37 |
Maryland | $201 | $116 | $140.00 | $135.00 | $181.00 | $106.00 | $121 | $107 | $103 | $80 |
Massachusetts | $143 | $99 | $120.00 | $72.00 | $155.00 | $103.00 | $95 | $78 | $88 | $53 |
Michigan | $406 | $204 | $335.00 | $99.00 | $424.00 | $257.00 | $152 | $209 | $183 | $107 |
Minnesota | $160 | $93 | $108.00 | $90.00 | $375.00 | $87.00 | $101 | $67 | $94 | $68 |
Mississippi | $147 | $120 | $145.00 | $72.00 | $119.00 | $96.00 | $120 | $82 | $88 | $54 |
Missouri | $148 | $106 | $135 | $90 | $129 | $66 | $98 | $85 | $114 | $50 |
Montana | $154 | $125 | $164 | $82 | $59 | $88 | $171 | $70 | $111 | $50 |
Nebraska | $125 | $112 | $130 | $92 | $179 | $77 | $95 | $69 | $102 | $56 |
Nevada | $165 | $140 | $155 | $110 | $111 | $112 | $82 | $103 | $91 | $69 |
New Hampshire | $128 | $77 | $93 | $50 | $198 | $77 | $63 | $59 | $68 | $41 |
New Jersey | $157 | $115 | $231 | $74 | $279 | $119 | $93 | $113 | $136 | $61 |
New Mexico | $158 | $103 | $131 | $90 | $161 | $96 | $86 | $69 | $91 | $65 |
New York | $147 | $137 | $165 | $78 | $200 | $164 | $96 | $137 | $175 | $85 |
North Carolina | $169 | $82 | $99 | $69 | $82 | $111 | $32 | $77 | $99 | $44 |
North Dakota | $136 | $145 | $107 | $61 | $398 | $77 | $110 | $76 | $88 | $44 |
Ohio | $120 | $62 | $96 | $59 | $106 | $114 | $85 | $70 | $63 | $41 |
Oklahoma | $135 | $118 | $136 | $109 | $184 | $122 | $110 | $91 | $105 | $68 |
Oregon | $153 | $106 | $111 | $93 | $141 | $111 | $78 | $75 | $97 | $58 |
Pennsylvania | $148 | $108 | $131 | $68 | $219 | $86 | $148 | $76 | $75 | $57 |
Rhode Island | $189 | $151 | $183 | $125 | $235 | $190 | $116 | $76 | $103 | $65 |
South Carolina | $133 | $118 | $166 | $79 | $185 | $118 | $105 | $88 | $105 | $69 |
South Dakota | $136 | $151 | $113 | $57 | $230 | $76 | $105 | $67 | $97 | $58 |
Tennessee | $144 | $102 | $86 | $78 | $184 | $118 | $92 | $72 | $88 | $58 |
Texas | $201 | $176 | $137 | $105 | $178 | $154 | $121 | $90 | $101 | $62 |
Utah | $117 | $105 | $115 | $73 | $119 | $93 | $95 | $103 | $88 | $50 |
Vermont | $142 | $85 | $103 | $38 | $100 | $77 | $181 | $87 | $75 | $42 |
Virginia | $103 | $83 | $100 | $69 | $129 | $86 | $61 | $63 | $73 | $43 |
Washington | $114 | $91 | $102 | $75 | $92 | $70 | $60 | $69 | $81 | $46 |
Washington, D.C. | $241 | $115 | $139 | $69 | $180 | $172 | $115 | $111 | $102 | $48 |
West Virginia | $162 | $115 | $139 | $83 | $196 | $104 | $110 | $79 | $102 | $67 |
Wisconsin | $123 | $63 | $109 | $62 | $84 | $226 | $94 | $58 | $72 | $47 |
Wyoming | $155 | $111 | $130 | $111 | $75 | $114 | $106 | $82 | $98 | $57 |
U.S. Average | $160 | $117 | $139 | $80 | $174 | $115 | $105 | $86 | $99 | $59 |
Monthly average costs by age and state vary, due to high crime rates or different insurance regulations by state. So, comparing average car insurance rates by age and state is critical to finding the lowest cost.
For example, North Carolina offers male and female 18-year-old drivers the cheapest rates. On the other hand, Michigan has the highest average car insurance rates by age for the same group. In fact, Michigan’s rates are around three times as high as North Carolina’s. You can see in the chart that the average monthly car insurance cost in Wisconsin by age, isn’t too high either. Overall, the average car insurance cost by age varies per state and other factors.
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As we’ve seen, car insurance rates vary by age. So now, let’s talk about why different age groups receive different rates.
Young drivers have the least experience and are more likely to get into accidents. In addition, younger drivers are more likely to take risks like speeding and distracted driving.
If you’re wondering what age group has the most fatal crashes, according to the Insurance Information Institute , vehicle crashes are the second leading cause of teen deaths. Additionally, teen fatalities make up almost 9% of crashes, but teens only make up 5% of drivers.
However, starting in the mid-20s, insurers consider drivers more responsible and safer. The added responsibility of families and jobs causes many drivers to take fewer risks. Car insurance companies see this as a win and offer lower rates.
Once drivers become older, they may see an increase in car insurance rates. Typically, older drivers face medical concerns such as losing vision or hearing, slower response times, and other conditions. Thus, rates begin to rise as drivers age.
The average car insurance rate for an 80-year-old driver can range from approximately $1,500 to over $2,000, depending on various factors.
The average monthly car insurance cost for an 18-year-old driver, on average, is approximately $229 per month for full coverage. For a 20-year-old driver, the average monthly car insurance is about $252 per month for full coverage.
Fortunately, rates for older drivers shouldn’t increase to the significantly higher rates for young drivers. All drivers can reduce car insurance rates by maintaining a clean driving record and taking advantage of auto insurance discounts.
Drivers can also take advantage of discounts for their age group. For example, many insurers offer good student discounts for young drivers or membership discounts for drivers over 50 in AARP.
Many factors affect auto insurance rates alongside age. For example, while age and gender are significant factors that influence rates, they aren’t the only considerations.
Additional factors affecting car insurance rates include:
Although most car insurance companies look at these factors to calculate rates, they look at them differently. For example, one insurer may offer higher rates because of your speeding ticket, while another could overlook your first ticket and offer lower rates.
So, you might be wondering how age affects car insurance rates. Younger drivers with less experience behind the wheel pay the highest average auto insurance rates. Drivers with more experience see lower rates starting in their mid-20s.
However, drivers may see rates increase again once they hit 60. Car insurance companies understand that older drivers may have medical conditions affecting safe driving, such as vision and hearing loss.
Your state also affects your car insurance rates. For example, some states charge higher car insurance rates for the same age group due to the state’s regulations.
Since each car insurance company offers different rates, shopping around is essential to find the best car insurance by age. Compare multiple companies to see which offers your age group the cheapest rates.
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Yes, age significantly affects car insurance rates. Younger and older drivers generally pay higher premiums due to their respective higher risk profiles, while middle-aged drivers often benefit from lower rates reflecting greater driving experience and lower accident rates.
You’ll pay the highest auto insurance rates at age 16, averaging $618 monthly for full coverage auto insurance. Young drivers are inexperienced and more likely to file claims, so they pay higher rates. When looking at which age group pays the most for car insurance, other factors also come into play.
If you are wondering, “How much is full coverage car insurance for an 18-year-old”, the answer is, on average, $2,756 annually. This breaks down the monthly car insurance rate for an 18-year-old to about $230.
“At what age is car insurance most expensive?” is a common question among young drivers looking to understand how insurance costs vary with age.
Since rates for young drivers are so high, finding ways to lower costs is essential. Most car insurance companies offer good student and driver’s education discounts to lower rates. In addition, maintaining a clean driving record and driving an affordable car helps keep rates low.
Unfortunately, 17-year-olds have significantly higher car insurance rates since teen drivers tend to engage in risky behavior like speeding and texting while driving. The cost of car insurance for 17-year-old drivers varies significantly by state and insurer. While some states, like California, don’t charge higher rates based on age, most states allow insurance companies to consider age.
While car insurance rates decrease around age 25, 20-year-old drivers still see higher-than-average rates. So while rates aren’t as high as teen drivers, they can still be around $300 a month. As discussed above, rates vary widely based on your state and insurance company. In addition, some insurance companies are more willing to work with younger drivers, while others charge much higher rates.
Hawaii, California, and Massachusetts disallow insurers from considering age when setting auto insurance rates. However, average auto insurance rates by age in these states are still higher for teens, since they can still consider a customer’s driving experience and insurance history.
16-year-old drivers have less driving experience and are more likely to drive distracted. So, insurance companies charge them higher rates to offset the additional risk.
Factors like driving record, vehicle make and model, location, credit score, and coverage options all impact average auto insurance rates beyond age.
It can impact average auto insurance rates by age since younger drivers have higher rates due to their higher risk of accidents.
Auto insurance for seniors is generally cheaper than the national average since seniors have experience driving. Seniors pay about $117 per month for full coverage. If you are thinking, “At what age is car insurance cheapest?”, the age factor is only one of a handful of things that can alter your car insurance premium.
Average insurance rates for men tend to go down once they reach their 20s. For context below are some rates to review through the years of a male driver.
Drivers eagerly inquire “At what age does auto insurance finally start to go down?”
Auto insurance rates for females tend to fall around the same time as males, which is in their 20s.
The average cost of insurance for a 22-year-old female varies, but on average is about $175 monthly which equates to $2099 per year.
The average car insurance rate for a 45-year-old female can be as high as $174 a month.
Generally, you’ll see car insurance rates drop as you enter your 20s, and they stop falling once you reach your 60s.
Usually, car insurance rates start to creep back up when you hit your 60s. So, you could see further increases as you enter your 70s.
Some may wonder, “ What is the best car insurance for people over 65?” Numerous companies can offer drivers over 65 with good insurance options. Consider companies that offer discounts for seniors, specific coverage options, good customer service and support, a company with financial stability, and flexible policy options.
If you’re wondering, “What other factors influence car insurance rates?” there are three main ones.
Lack of driving experience, higher risk perception, and higher accident rates.
Young drivers, particularly those under 25 years old, generally pay the highest car insurance premiums. This demographic includes teenagers and young adults who have less driving experience and statistically are prone to accidents.
Married people often pay less for car insurance due to:
AARP (American Association of Retired Persons) does not provide car insurance directly, but they offer car insurance plans through The Hartford, an auto insurance company tailored for AARP members. The best auto insurance for seniors over 60 could be a company that you already are used to working with.
Car insurance rates in Texas, like in many places, typically start to decrease for females around their mid-20s. This age marks a transition where insurers often recognize more driving experience and lower risk profiles.
There’s a possibility that auto insurance rates will drop consistently until a driver reaches a certain age if they have a low-risk profile, little to no accident rate, and good driving behaviors.
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