What is the best car insurance company for 24-year-olds?

The best car insurance company for 24-year-olds will vary depending on the driver’s priorities. For example, since young drivers typically pay more for insurance, the best car insurance company for you might be the one writing inexpensive policies or offering young driver discounts. Or if you want to handle your insurance digitally, you can look for companies that have highly-rated apps. Regardless, it can help to request quotes from several providers so you know you’re getting the right coverage at an affordable rate.

How much car insurance does a 24-year-old need?

Every 24-year-old driver has different insurance needs. At a minimum, you must at least carry your state’s required amount of auto insurance coverage. This type of car insurance policy is sometimes called liability-only coverage. However, most insurance professionals suggest that, if possible, you consider higher liability limits and extra coverage options, such as full coverage car insurance. Full coverage policies provide coverage for your vehicle and may better protect your finances from losses due to at-fault accidents and other claims. If you’re not sure where to start, speaking with a licensed insurance agent may help you better understand your unique coverage needs.

How much is car insurance for 24-year-olds per month?

The average monthly premium for 24-year-old drivers is $312 per month for full coverage and $92 per month for minimum coverage. Keep in mind that this is a national average, and your rate will vary considerably based on other factors such as your location, driving record, vehicle type, mileage and, in most states, credit history and gender.

Should I have my own insurance at 24 or stay on my parents’ policy?

It depends on your living situation and how your car is titled. If you still live with your parents and they are on the title of your vehicle, you could probably stay on their auto insurance policy. However, if you live on your own, you may need to have your own car insurance policy, especially if you own your vehicle. If a parent still owns your car, but you don’t live with your family anymore, you may need to have a separate policy that includes your parents as non-drivers for paperwork purposes. In these situations, you may want to speak with your insurance company or agent about coverage options and who should be listed on your policy.

At what age is car insurance the cheapest?

After turning 25, age can still impact your car insurance rate, but less significantly. Your rate can slightly decrease as you get older and earn more driving experience, but sometimes these decreases can be offset by other factors, such as the cost of vehicle repairs and labor. Drivers in their 50s and 60s with clean driving histories and good credit pay the least for car insurance. On average 50-year-old drivers pay $210 and 60-year-old divers pay $202 per year for full coverage car insurance.

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Car insurance for 24-year-olds

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Updated Apr 10, 2025

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How much is car insurance for a 24-year-old?

According to April 2025 data obtained from Quadrant Information Services, 24-year-old drivers with their own car insurance policies pay an average of $3,738 per year for full coverage and $1,106 per year for minimum coverage. Youthful operators — or young drivers between 16 and 24 — are usually one of the highest-risk groups to insure due to their lack of driving experience. However, the average cost of car insurance typically decreases over time, and drivers who maintain a clean driving record may see substantially lower rates at 24 than at 18.

The rating factors used to calculate car insurance premiums vary from state to state. For example, Hawaii and Massachusetts have state laws in place barring the use of age as a rating factor in car insurance. In Massachusetts, car insurance companies can consider the years you have been a licensed driver when calculating premiums but not your specific age.

Average cost of car insurance for 24-year-olds by gender

Car insurance premiums are typically higher for 24-year-old males than 24-year-old females because males are statistically more likely to exhibit risky driving behaviors, such as speeding and driving under the influence. In addition, historical data show 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 more per year for car insurance than female drivers of the same age. However, your 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 male driver and a 24-year-old female driver:

Avg. annual full coverage premium for a 24-year-old male	Avg. annual full coverage premium for a 24-year-old female
$3,509	$3,273

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 of parts and labor, which can impact how much you pay for insurance.

According to rate data from Quadrant, Hawaii has the cheapest average rates for all 24-year-old drivers, with an average full coverage premium of $1,715 per year. Florida has the most expensive average premiums for 24-year-olds, with an average full coverage rate of $5,606 per year. This makes the average cost of full coverage car insurance in the Sunshine State a whopping 227 percent more percent more expensive than the Aloha State.

In the table below, we’ve included average car insurance premiums for 24-year-old drivers in each state compared to the overall average for all drivers in the state. Note that rates assume a clean driving record.

Colorado

Avg. full coverage premium for 24-year-olds

$4,438