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Average Car Insurance Cost by Age

Are you paying too much for car insurance? Check out the average rates that drivers in your age group are paying.

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Does Age Affect Car Insurance Rates?

In general, teenagers pay the most for car insurance premiums. Their rates will lower steadily as they get older. A teenage driver will pay a monthly premium of $258.63 as opposed to a 30-year-old who spends about $114.58 a month. There are price differences between drivers who are currently insured and uninsured. For people in their 20s, the monthly premium is $160.17. However, if they are currently uninsured, rates go up to an average of $174.80 a month. Drivers in their 40s and are currently insured pay about $105.22, but a currently uninsured driver’s rates are slightly higher.

Age GroupMonthly Premium for InsuredMonthly Premium for Uninsured
Teenage$258.63$271.04
20s$160.17$174.80
30s$114.58$124.55
40s$105.22$112.28
50s$94.05$99.88
60s$94.83$100.85
70+$116.19$119.99

How Much Is Car Insurance for Teenagers?

Teenagers pay the highest rates for insurance due to inexperience and also because distracted driving is a big problem for this demographic. Whether they are texting or talking with their friends in the car, there are higher incidents of car accidents for this demographic so most insurers consider teens to be high-risk drivers. A lapse in car insurance coverage may mean even higher rates for a teen in the long-run. Discounts for good students often offsets some of the costs. Here are some insurance rates for teen drivers according to gender.

Average Car Insurance Rates for Female Teen Drivers

TeenagerAvg. Annual PaymentsAvg. 6-Month PaymentsAvg. Monthly Payments
16-Year-Old Female $2,869.00 $1,434.00 $239.00
17-Year-Old Female $3,144.00 $1,572.00 $262.00
18-Year-Old Female $3,273.00 $1,637.00 $273.00
19-Year-Old Female $2,965.00 $1,482.00 $247.00

Average Car Insurance Rates for Male Teen Drivers

TeenagerAvg. Annual PaymentsAvg. 6-Month PaymentsAvg. Monthly Payments
16-Year-Old Male $4,265.00 $2,132.00 $355.00
17-Year-Old Male $3,333.00 $1,666.00 $278.00
18-Year-Old Male $3,599.00 $1,800.00 $300.00
19-Year-Old Male $3,218.00 $1,609.00 $268.00

Some states do not use gender as a rating factor when determining car insurance premiums. According to the Consumer Federation of America, these states include California, Hawaii, Massachusetts, Montana, Pennsylvania and North Carolina.

Average Rates for Car Insurance by Coverage in Your 20s

In your twenties, your car insurance rate begins to drop--what a relief! By age 25, your rate may drop as much as 30%, as long as you avoid getting tickets or having an accident. If you keep your driving record clean, you may qualify for a safe driver discount.

AgeMonthly Premium for InsuredMonthly Premium for UninsuredDifference
20-Year-Old $226.78 $226.60 $-0.18
21-Year-Old $198.20 $203.39 $5.19
22-Year-Old $175.23 $181.32 $6.09
23-Year-Old $161.51 $170.93 $9.42
24-Year-Old $152.95 $164.86 $11.91
25-Year-Old $142.42 $155.15 $12.73
26-Year-Old $134.47 $150.73 $16.26
27-Year-Old $132.85 $146.75 $13.90
28-Year-Old $127.15 $142.27 $15.12
29-Year-Old $125.69 $138.74 $13.05

Average Rates for Car Insurance by Coverage in your 30s

One of the advantages of getting older is that car insurance rates continue to drop, as long as you keep a clean driving record. In fact, your rate will continue to drop and will begin to rise again when you reach the age of 60. Until then, enjoy the perks of aging!

AgeMonthly Premium for InsuredMonthly Premium for UninsuredDifference
30-Year-Old $123.47 $134.13 $10.66
31-Year-Old $118.29 $128.67 $10.38
32-Year-Old $117.84 $126.88 $9.04
33-Year-Old $116.08 $126.41 $10.33
34-Year-Old $113.74 $125.38 $11.64
35-Year-Old $113.15 $121.56 $8.41
36-Year-Old $111.72 $120.42 $8.70
37-Year-Old $110.25 $120.10 $9.85
38-Year-Old $109.92 $118.65 $8.73
39-Year-Old $109.88 $118.24 $8.36

Average Car Insurance Costs for Adults and Senior Drivers

In your early twenties, car insurance rates are high and drop by about 30% by the age of 25. Rates will continue to decrease until much later. Your lowest car insurance rate will be when you reach the age of 50. When you reach 60, your rate will start to rise steadily. If you avoid accidents and tickets while maintaining a good credit score, your car insurance rate will be considerably lower.

Find Cheap Car Insurance in Your 40s by Vehicle Make

40-Year-Old Driver

Vehicle MakeAvg Monthly Rate
Aston Martin $82.00
Mini $85.00
Isuzu $87.00
Oldsmobile $90.00
Saab $94.00

Best Car Insurance Companies in Your 40s

CompanyInsuredUninsuredDifference
American Family $82.00$76.00$6.00
Auto-Owners Insurance Co $84.00$79.00$5.00
State Auto $86.00$83.00$3.00
Safe Auto $95.00$91.00$4.00
Farmers $98.00$94.00$4.00

Find Cheap Car Insurance in Your 50s by Vehicle Make

50-Year-Old Driver

Vehicle MakeAvg Monthly Rate
Fiat $62.00
Suzuki $76.00
Mini $78.00
Maserati $78.00
Gmc $80.00

Best Car Insurance Companies in Your 50s

CompanyInsuredUninsuredDifference
American Family $75.00$73.00$2.00
Auto-Owners Insurance Co $78.00$79.00$1.00
State Auto $82.00$79.00$3.00
Safe Auto $86.00$87.00$1.00
Farmers $90.00$90.00N/A

Find Cheap Car Insurance in Your 60s by Vehicle Make

60-Year-Old Driver

Vehicle MakeAvg Monthly Rate
Suzuki $73.00
Volvo $75.00
Gmc $80.00
Maserati $82.00
Saturn $83.00

Best Car Insurance Companies in Your 60s

CompanyInsuredUninsuredDifference
American Family $82.00$76.00$6.00
Auto-Owners Insurance Co $84.00$79.00$5.00
State Auto $86.00$83.00$3.00
Safe Auto $95.00$91.00$4.00
Farmers $98.00$94.00$4.00

How Much Is Car Insurance for Senior Drivers?

SeniorsAvg. Annual PaymentsAvg. 6-Month PaymentsAvg. Monthly Payments
70-Year-Old Female $1,248.00 $624.00 $104.00
70-Year-Old Male $1,301.00 $651.00 $108.00

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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