Average Car Insurance Cost For 22 Year Old Male

Average Car Insurance Cost For 22 Year Old Male – Erie offers the cheapest auto insurance for 20-year-old drivers starting at $2,332 per year, based on our analysis of thousands of rates in nine states. To find the cheapest rate, compare quotes from the cheapest teen driver companies like Erie, Geico, and USAA.

Erie Insurance, which is available in 13 states, has the cheapest rates for a 20-year-old at $2,332 per year. USAA, which was only available to military members and their families, was the most affordable at $2,732 a year.

Average Car Insurance Cost For 22 Year Old Male

Among the most popular insurance companies, Geico is the most affordable for 20-year-olds at an average of $3,026 per year.

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Allstate’s interest rates are particularly expensive, with premiums more than double those of its next-highest competitor, Progressive. If you’re a young driver looking for cheap car insurance, it’s important to shop around and compare prices to find the cheapest insurance company for you.

Young drivers, especially those under the age of 25, have higher car insurance rates because they are involved in more accidents on average and are seen by insurance companies as more risky.

For 18- to 20-year-olds, average rates fell by $2,000 per year. In addition, prices increased by an average of $900 for 20- to 21-year-olds.

Male drivers in their 20s pay an average of $5,777 per year, which is $519 more than female drivers who pay $5,258 per year. This is because, on average, young male drivers are involved in more accidents than young female drivers.

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Some states have banned the use of gender as a pricing variable, so men and women of the same age must pay the same for car insurance in these states:

Geico was the cheapest insurance company in most states. But these average prices are the best way to find the cheapest price for you by shopping around.

We did not include USAA in these recommendations because its policies serve current or former members of the military and their families. If USAA were involved, it would offer the cheapest auto insurance for 20 year olds in Illinois, Michigan, New York and Texas.

Car insurance rates can vary greatly from state to state. Michigan is the most expensive state for auto insurance for a 20-year-old driver, averaging $16,367 per year.

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In contrast, North Carolina has some of the cheapest car insurance for young drivers. Our median income for a 20-year-old was $2,035 a year, and it was the only state under $3,000,000.

The quotes we collect are just averages and the truth is that each car insurance quote will be unique to your driver profile. But there are some proven ways 20-somethings can save on car insurance.

If your parents take you on their policy, it will definitely be the cheapest way to get car insurance. y Increase in premiums under the parent policy is likely to be lower than the cost of own policy.

That same 20-year-old may see a difference of hundreds or even thousands of dollars between multiple insurance companies for the same coverage.

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In California, for example, our 20-year-old driver paid $2,708 a year with State Farm and $5,885 with Farmers. That’s a big difference, but even the difference between the cheapest insurer, State Farm, and the third cheapest, AAA, was hundreds of dollars.

If you’re in your 20s, search online for cheap quotes and make sure they all have the same coverage. Start with our recommendations for the cheapest insurance companies in your country, but expand your search to other insurance companies, because you never know who can offer you the cheapest price.

When getting quotes, make sure you get credit for any discounts like:

It is a good idea to purchase enough insurance to cover any liabilities and damage to your vehicle. That’s why we offer a comprehensive coverage policy that covers the cost of damage or injury to others as well as damage to your vehicle.

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However, at a certain point you buy more coverage and you can save on premiums by lowering your limits. If you’re paying hundreds of dollars more for comprehensive insurance and collision coverage, and your car isn’t worth more than a few thousand dollars, you may be paying more for auto insurance.

We’ve rounded up deals in the nation’s nine largest states and thousands of zip codes. For the driver sample, we used 20-year-old men and women driving a 2015 Honda Civic EX. All rate-influencing factors other than those discussed in this study were held constant for a fair comparison.

We included 29 insurance companies in this analysis, and insurance rates were included in our list of average prices and quotes if they had policies in at least three of the nine countries.

Insurance rate data from Quadrant Information Services was used in the analysis. These rates are obtained from insurance files and should be used for comparison purposes only – your quote may vary.

Car Insurance Rates By Age

Call for an insurance quote by phone: (855) 596-3655 | Agents are available 24 hours a day, 7 days a week! The average cost of car insurance for a 23-year-old is $335 per month, or $4,021 per year for full coverage. For 23-year-olds looking for cheap auto insurance, we recommend USAA, Erie, and Geico.

We’ve collected thousands of quotes in the nine most populous states to find the cheapest car insurance for 23-year-olds. This analysis reveals how the average cost of car insurance for 23-year-olds varies by insurer, age, gender and country.

In 13 states, Erie offers the cheapest auto insurance for 23-year-olds at $153 per month. USAA offers the second cheapest at $159 per month. However, only current and former military members and their families are eligible for USAA policies.

At $184 a month, Geico is the cheapest car insurance company for 23-year-olds with nationwide coverage.

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The wide range of insurer rates shows why young drivers should compare car insurance from several insurers before deciding on a policy.

On average, car insurance costs $344 per month for a 23-year-old male and $326 per month for a 23-year-old female. Male drivers generally pay more for car insurance than female drivers when they are younger. This is because young male drivers have more accidents than young female drivers.

Although the average cost of auto insurance for women is cheaper than for men, some states prohibit insurers from using gender to determine rates.

California, Hawaii, Massachusetts, Montana, North Carolina and Pennsylvania and parts of Michigan prohibit the practice. As a result, male and female drivers of all ages should pay the same amount for auto insurance, all else being equal.

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Due to being involved in more accidents, drivers under the age of 25 face higher auto insurance rates than older drivers.

Prices may also vary within this age group. A 23-year-old pays an average of $281 less per month than an 18-year-old. On the other hand, a 23-year-old pays an average of $56 more per month than a 25-year-old.

Geico is often the cheapest option for 23-year-olds, providing the cheapest rates in four of our nine sample states.

We did not include USAA in these recommendations because its policies serve current or former members of the military and their families.

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Car insurance costs vary by state. For 23-year-olds, North Carolina offers the cheapest auto insurance at an average of $145 per month, just under half the national average. Michigan offers the most expensive auto insurance for 23-year-olds in our sample, with an average monthly cost of $972.

Shopping around for quotes from multiple insurance companies is a great strategy for finding cheap auto insurance at any age. Additionally, auto insurance discounts for 23-year-olds and other young drivers typically include: being a good student, taking a defensive driving course, and having a clean driving record.

Different insurance companies will apply different discounts, so it is always a good idea to compare quotes from different insurance companies.

USAA, Erie and Geico are the best deals for drivers over 23. They have the best prices and great customer service.

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Yes, a typical 23-year-old will see a 7% decrease compared to a 22-year-old. Auto insurance rates typically drop as drivers age in their mid-20s and stabilize in their 30s.

23-year-old men pay about $344 a month for comprehensive auto coverage. That’s $18 more per month than women of the same age.

This analysis used auto insurance quotes from thousands of zip codes in the nine largest US states. Other variables that affected car insurance costs were consistent, including drivers being single and having a clean driving record.

Our investigation has withdrawn the tariffs

The Average Cost Of Car Insurance

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