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Your insurance rates depend in part on your age. Find out why age matters and at what age you may pay more and less for car insurance.
Average Car Insurance Rates For Teenagers
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Laura is an award-winning editor with content and communications expertise in auto insurance and personal finance. He has written for several media outlets, including the USA Today Network. He most recently worked in the public sector at the Nevada Department of Transportation.
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Car insurance rates are based on a variety of factors, age being the most important. After all, teenage drivers between the ages of 16 and 19 are nearly three times more likely to be involved in crashes than drivers 20 and older, according to the CDC.
The average cost of car insurance for people under 25 is relatively high. Teenagers and young drivers are often inexperienced behind the wheel and are more likely to be involved in accidents, which poses a greater risk to car insurance providers. High risk equals high level.
The editors broke down the average cost of auto insurance for ages 16 to 75 in each state. Here’s what you can expect to pay for auto insurance at any age.
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California Car Insurance Rates by Zip Code Enter ZIP for average speed. Then enter your age, gender and level of coverage for the custom level.
State Minimums: The liability coverage required to drive legally in your state; some states require additional coverage, such as personal injury protection, uninsured motorist coverage, uninsured motorist coverage. 50/100/50 Liability Only: $50,000 per person / $100,000 maximum per accident for bodily injury; $50,000 for property damage. Liability pays for injuries/damages you cause to others. Full coverage 100/300/100: $100,000 per person / $300,000 maximum per accident for bodily injury; $100,000 for property damage; comprehensive and collision coverage with a $500 deductible. Liability pays for injuries/damages you cause to others. Comprehensive coverage and coverage for damage to your vehicle.
Commissioned Quadrant Information Services to report the average 2017 Honda Accord auto insurance rates for nearly every zip code in the United States. We calculated prices using data from up to six major carriers. The average score for standard monthly insurance for a male driver aged 30 is based on minimum public liability cover. Average adjusted rates are based on the driver’s age and gender for the following coverage levels: state minimum liability, 50/100/50 and 100/300/100 liability with a $500 comprehensive and collision deductible. These hypothetical drivers have clean records and good credit. Averages are for comparison. Your personal price depends on personal factors and your vehicle.
In the charts below, you can see the average car insurance rates by age for the following coverage combinations:
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As you can see in the car insurance by age charts below, rates are cheapest for drivers in their 40s, 50s and 60s. The average cost of car insurance for teenagers is high, but decreases as they enter their 20s.
Once you hit your 20s, your rates start to drop, but you’ll pay more than most drivers until you’re 26. The tables below show the average cost of car insurance by age for a standard cover package when your teenager turns 26. mirror
For a 20-year-old male, the cost is $1,159 per year; for a female driver, the policy can cost an average of $1,058 per year for the minimum state policy. Here is the breakdown of insurance rates for different levels of coverage:
For a 21-year-old male, the average annual cost is $917, and for a female driver, the same policy can cost about $850 per year for the minimum state policy. See the table below for a breakdown of insurance rates for different levels of coverage:
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For a 22-year-old male, the average annual cost is $819, and for a female driver, the same policy can cost around $769 per year for the minimum state policy.
For a 23-year-old male, the average price is $755 per year, and for a female driver, the same policy can cost around $717 per year for the minimum state policy. See the table below for a breakdown of insurance rates for different levels of coverage:
For a 24-year-old male, the average cost is $705 per year, and for a female driver, the same policy for the minimum state policy can cost around $676 per year. Here is the breakdown of insurance rates for different levels of coverage:
Costs between a woman and a man at age 25 are about $612 a year for boys and $605 for girls at the minimum state policy. Here is the breakdown of insurance rates for different levels of coverage:
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See the chart below to see the average cost of car insurance by age and state for full coverage. Enter your state in the search box to see how you can pay.
To see average auto insurance rates by age for a full coverage policy, select your state below
Age is just one factor that car insurance companies consider when determining how much you will pay. Gender is another, although some states do not allow gender to be used as a factor in calculating rates – California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania.
Each rating factor, along with the type of coverage you choose, deductibles and discounts, will affect the rate you pay for your car insurance policy.
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Regardless of your age or whether you’re male or female, you can save hundreds of dollars by comparing car insurance companies and finding one that offers the best rates for you. Our guide to the best cheap car insurance for seniors shows how much drivers aged 65, 75 and 85 can save.
Car/home package discounts averaged 13% savings and for younger drivers, student discounts averaged 16% savings. A good student discount saves drivers an average of 14%, and the marriage discount is 8%.
Older drivers can also reduce their costs. Drivers over 65 who apply for a driver’s license can save an average of 4%.
Quadrant Information Services provides 2022 Honda Accord LX auto insurance rates at several levels of coverage for a driver with a clean driving record in any zip code in any state.
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Leslie Kasperovich is an insurance educator and content creation professional with nearly two decades of experience first writing directly in the insurance industry at Insurance Farmers and then as a writer, researcher and educator for insurance buyers at sites like ExpertInsuranceReviews.com and InsuranceHotline.com. content management, now on.
Nupur Gambhir is a content editor and expert in life, health and disability insurance. He has extensive experience bringing brands to life and has won award-winning travel and technology campaigns. His insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym and End-of-Life Planning Services.
✓ Thank you, your message has been received. Our team of auto insurance experts usually respond to questions within five business days. Please note that due to the volume of questions we receive, not all can be answered. Due to a technical error, please try again later. Car insurance for 19-year-old drivers costs an average of $319 per month (or $3,822 per year). Teenagers tend to have the highest car insurance rates, and coverage for 19-year-olds is $2,170 more expensive per year than the average driver.
Rates are higher than average for 19-year-olds, but you can still get cheap auto insurance quotes with some companies. We found that car insurance for 19-year-olds is the cheapest in the COUNTRY, offering cover 43% below the average for this age group.
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Revealed the cost of auto insurance for 19-year-old drivers using rates provided by Quadrant Information Services for every zip code in all 50 states as well as Washington, DC. for full coverage with the following coverage limits:
Our prices are average prices for 21 and 18 year olds. To find the cost of adding a 19-year-old driver to your insurance policy, we found the cost of adding a 16-year-old driver to a family policy, then used the percentage difference between a 16-year-old and a 19-year-old. old drivers of this number.
The average 19-year-old pays $319 a month for car insurance, or $3,822 a year. Compared to the average cost of insurance for most drivers, the cost of car insurance for 19-year-olds is 131% more expensive.
Despite the average cost of car insurance for 19-year-olds, many companies offer relatively affordable coverage. Our analysis showed that
