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Cheap Car Insurance for 21 Year Olds Can Be Found at USAA for $134 per Month or $1,609 per Year for a Full Coverage Policy

Cheapest Car Insurance For Under 25 Male

Cheapest Car Insurance For Under 25 Male

Written by: Daniel Robinson, Written by: Daniel Robinson Author Daniel is a writer for the Guide team and has written for numerous automotive news sites and marketing firms in the United States, the United Kingdom, and Australia, specializing in the topic of car finance and maintenance. Daniel is the Guide team’s authority on car insurance, loans, warranty options, car services and more.

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Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Managing Editor Rashawn Mitchner is an editor on the Guide team with over 10 years of experience covering personal finance and insurance topics.

Finding cheap car insurance as a 21-year-old can be difficult. Monthly and annual premiums tend to be expensive because young drivers pose more risks to insurance companies. In this article, we at the Guide Team rank the best car insurance for 21-year-olds and show you how to get affordable rates.

Cheap Car Insurance for Young Adults Discount Car Insurance Best Car Insurance Companies Average Cost of Car Insurance

The Guide Team is committed to providing reliable information to help you make the best decision about your vehicle insurance. Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate a ranking of the best car insurance companies. We collected data on dozens of car insurance providers to rate companies on a variety of ranking factors. After 800 hours of research, the end result is an overall rating for each provider, with insurers scoring the highest points on the list.

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According to our rate estimate, a 21-year-old pays an average of $2,786 per year or $232 per month for full coverage auto insurance. That’s about 56% more expensive than the average for a 35-year-old driver, which is $1,785 per year or about $149 per month. Typically, car insurance rates are much more expensive for 21 year olds than they are for older drivers.

Car insurance costs for 21-year-old drivers are determined based on a number of factors, including driving history, location and credit score. Gender also plays a role in calculating your premium, especially as a teenager or young adult. For example, young men have disproportionately higher accident rates, which causes them to pay more for coverage than young women. However, some states do not allow insurance companies to use gender in calculating insurance premiums.

Compared to older drivers, 21 year olds have less driving experience and are more likely to be involved in an accident. Car insurance companies compensate for this risk factor by charging this age group higher rates.

Cheapest Car Insurance For Under 25 Male

According to the AAA Foundation for Traffic Safety, drivers between the ages of 20 and 24 were 74% more likely to get into an accident than drivers in their 30s in 2015. Below, you can see the accident rates for each age group.

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High-risk drivers pay higher rates on average, and younger drivers typically fall into this category. You can see below how the average cost by age correlates with the accident data above.

The cheapest car insurance for 21-year-olds is USAA, which offers an average of $134 per month. However, USAA is only available to military members, veterans and their immediate families. Geico is the cheapest company available for 21-year-old drivers, with an average of $154 per month. Other well-priced companies include Auto Owners Insurance, Erie Insurance and Nationwide.

The best car insurance for 21-year-olds is not necessarily the cheapest, but cheap rates definitely help. Below, you can see how 11 popular providers rank in car insurance costs for under 21s.

* Estimated auto insurance is based on a full coverage policy with $50,000 bodily injury per person, $100,000 bodily injury per accident, $50,000 property damage per accident and a $500 deductible for collision coverage and comprehensive coverage.

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Location is one of the factors that affect what you pay for car insurance, and rates can vary significantly by state. Below are the cheapest car insurance companies in each state for full coverage for 21 year olds. According to our estimates, USAA and Geico are the cheapest providers in many countries.

While 21-year-olds pay $232 per month on the national average, drivers in some states pay less. Insurance in North Carolina averages $129 per month for that age group, for example.

Whether due to population density or insurance regulations, some states are more expensive to turn 21 than others. Michigan, Connecticut and Massachusetts top the list.

Cheapest Car Insurance For Under 25 Male

The top five choices for the best car insurance for 21 year olds are Geico, USAA, State Farm, Nationwide and Auto Owners Insurance. When comparing car insurance companies, our team considers cost, reputation, coverage, availability and customer experience. We found these companies to be average prices for young adult drivers.

Cheapest Car Insurance For Drivers Under 25 (2023)

Geico is your best choice for the best car insurance for 21 year olds. Their car insurance rates for 21-year-olds are about 34% cheaper than the market average for the age group. Geico also offers a great student discount of 15% and a discount of up to 22% for those who have driven for five years without an accident.

The company has been around since 1936 and has an A+ rating from the Better Business Bureau (BBB).

USAA offers the cheapest car insurance for the average 21-year-old, with prices about 42% below the market average. However, we have not named the best car insurance for 21 year olds because it is not available to everyone. You can only qualify if you are registered military, a veteran or have a parent who is a USAA member.

USAA not only has low fares for under 21s but is also known for its reliable customer service. The company holds an A+ rating from the BBB and received the highest score in almost every region in the country in the J.D. Power 2022 U.S. Auto Insurance Study ℠.

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State Farm is another national provider that offers affordable auto insurance premiums for 21-year-old drivers. Our estimates show that State Farm’s average cost is about 17% cheaper than the national average for this age group.

State Farm also offers discounts for young drivers, including a student discount of up to 25% for maintaining a B average. Young drivers can also save money with State Farm’s Steer Clear® program, an app-based driving course for drivers under 25.

On average, 21-year-old drivers save about 23% with Nationwide compared to the national average. One thing that makes Nationwide unique is that it offers two usage-based telematics insurance options. SmartRide® can provide discounts of up to 40% based on people’s driving habits by tracking acceleration, braking, night driving and more. Another option, SmartMiles®, is a pay-per-mile insurance program that can help people who don’t drive often save money.

Cheapest Car Insurance For Under 25 Male

Nationwide has a good reputation in the industry, earning an A+ financial strength rating from AM Best and an A+ rating from the BBB.

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Another car insurance company for 21 year olds is Auto Owners. Our estimates show that 21-year-olds pay about 26% less than the national average and Auto Owners. The company offers excellent student discounts of up to 20% and discounts for students who are away at school and leave their cars at home. However, Auto Owners is only available in 26 states.

Thankfully, age is not the only thing that determines car insurance rates. There are several things you can do to find cheap rates on the best car insurance for 21 year olds. We recommend thinking about your coverage level and deductible amount, comparing providers, keeping a clean driving record and finding discounts.

To save money, you can reduce the amount covered by options such as comprehensive and collision insurance. You can also waive full coverage and get a minimum level of coverage from bodily injury liability and property damage liability. However, make sure you can make all the costs that the minimum coverage you will not pay if you are at fault for the accident.

You can lower your payments by increasing your deductible, which is the amount you pay out of pocket if you file a claim. Make sure you can afford the deductible, though.

The Best Cheap Car Insurance For New Drivers

One of the easiest ways to get a better price is to compare companies. We recommend comparing rates each time your car insurance policy is up for renewal. The cheapest companies for teenage drivers aren’t necessarily the cheapest for drivers in their early 20s, so it pays to check rates as you get older.

Getting a speeding ticket or causing an accident is a sure way to get higher prices, and 21-year-old drivers are already paying more than average. A clean driving history keeps your rates as low as possible.

Not all companies offer the same discount or the same savings at the same discount. In our picks for the best auto insurance for 21-year-olds above, you can see State Farm, Geico and Auto Owners offer different discount amounts for good students.

Cheapest Car Insurance For Under 25 Male

Compare quotes online to find the right discount for your situation. You can also work with an insurance agent to make sure you find all applicable discounts.

Cheapest Car Insurance For New Drivers (2023)

Another way for 21-year-old drivers to save money

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