Cost of Car Insurance for 23-Year-Olds
On average, 23-year-olds pay $259 per month for full coverage car insurance and $188 per month for minimum coverage.
State Farm usually has some of the cheapest car insurance rates for 23-year-olds.
Travelers and Progressive also have good rates, while Allstate and Farmers tend to be more expensive. Minimum car insurance is cheaper than full coverage but doesn't give you as much protection. Full coverage is usually better if you can afford it.
Find Cheap 23-Year-Old Auto Insurance Quotes
How much is car insurance for a 23-year-old per month?
On average, 23-year-olds pay $259 per month for full coverage car insurance.
State Farm usually has the cheapest rates, unless you can get coverage from USAA. USAA is a great, cheap option, but it's only available to military members, veterans or family members of someone in the military
Full coverage
Minimum coverage
Full coverage
Minimum coverage
Find Cheap 23-Year-Old Auto Insurance Quotes
It's always a good idea to compare car insurance quotes from multiple companies before deciding which is best for you. Rates can vary by hundreds of dollars every month. Shopping around is one of the best ways to save on car insurance.
Cheap car insurance for 23-year-olds
Full coverage
Minimum coverage
Company | Editor's rating | Monthly rate | |
|---|---|---|---|
| State Farm | $203 | |
| Travelers | $207 | |
| Progressive | $240 | |
| Geico | $245 | |
| Allstate | $390 | |
*USAA is only available to military members, veterans and their families.
Full coverage
Company | Editor's rating | Monthly rate | |
|---|---|---|---|
|
| State Farm | $203 | |
|
| Travelers | $207 | |
|
| Progressive | $240 | |
|
| Geico | $245 | |
|
| Allstate | $390 | |
*USAA is only available to military members, veterans and their families.
Minimum coverage
Company | Editor's rating | Monthly rate | |
|---|---|---|---|
|
| State Farm | $87 | |
|
| Progressive | $89 | |
|
| Travelers | $98 | |
|
| Geico | $102 | |
|
| Allstate | $189 | |
*USAA is only available to military members, veterans and their families.
Cost of car insurance for 23-year-olds vs. other ages
On average, 23-year-olds pay almost $100 less each month for full coverage compared to 20-year-olds.
That's because 23-year-olds usually have more driving experience than younger drivers, which means they're less likely to get into accidents. Because 23-year-olds aren't as likely to file a claim as younger drivers, insurance companies charge them less.
Does car insurance go down at age 23?
Car insurance is usually cheaper at age 23 than it is at younger ages. However, if you get your license for the first time when you turn 23, then you'll pay more than others your age because you don't have the same level of experience on the road as more established drivers.
The good news is that rates will continue to drop each year, assuming you don't have any accidents or tickets on your record, until they start to slightly increase again in your 70s and 80s.
Cost of car insurance for 23-year-olds males vs. females
On average, 23-year-old men pay about 4% more for full coverage car insurance compared to 23-year-old women.
That's because men are more likely than women to do risky things while driving, like speeding or driving drunk.
But by age 23, the difference in rates between genders is smaller than it is for younger drivers. The older you get, the more even the rates become between men and women.
Age | Male monthly rate | Female monthly rate | Difference |
|---|---|---|---|
| 16 | $742 | $685 | 8% |
| 18 | $556 | $507 | 10% |
| 23 | $264 | $254 | 4% |
| 25 | $223 | $219 | 2% |
But if you live in one of these states, your gender won't be used to set your car insurance rates.
- California
- Hawaii
- Massachusetts
- Michigan
- North Carolina
- Pennsylvania
Average cost of car insurance for 23-year-olds by state
Car insurance rates change depending on where you live.
In Pennsylvania, a 23-year-old pays an average of $227 per month for full coverage. But in Texas, the same type of coverage costs $286 per month, on average. Variables like cost of living and accident rates in your local area and state will influence whether your car insurance rate will be lower or higher than average.
State | Average rate |
|---|---|
| Illinois | $253 |
| New York | $272 |
| Pennsylvania | $227 |
| Texas | $286 |
Average monthly rates for a 25-year-old.
Find the Cheapest Insurers for Young Drivers in Your State
How to get cheap car insurance as a 23-year-old
Rates for 23-year-olds are cheaper than rates for younger drivers, but you can get an even more affordable policy by following a few key tactics. For starters, shopping around for rates and looking for discounts can help lower your bill immediately. Then once you're on the road, driving safely will help keep your rates low over time.
Compare rates
Every insurance company has its own way of setting rates, which means costs can vary by hundreds of dollars each month for the same coverage. It's a good idea to compare quotes from multiple companies to see which one has the best price for the coverage you need.
Use discounts
Nearly every car insurance company has at least a few discounts that might help lower your rate. Common discounts for young drivers include bundling your car and renters or home insurance, having a car with safety features like an alarm and anti-lock brakes, and paying your full annual or six-month rate at once.
Drive safely
Driving safely doesn't immediately lower your rates, but it helps you keep lower rates over time. If you don't get into accidents and don't get tickets, you won't get charged for being a risky driver. You might also get a safe driving or claim-free discount.
Frequently asked questions
What's the cheapest car insurance for a 23-year-old?
State Farm usually has cheap rates for 23-year-olds for both full coverage and minimum coverage. On average, full coverage from State Farm costs $203 per month and minimum coverage costs $87 per month for a 23-year-old driver. USAA also has cheap rates, but you can only get it if you or an immediate family member are or have been a member of the military.
How much is car insurance for a 23-year-old?
On average, car insurance for 23-year-olds costs $259 per month for full coverage and $188 per month for minimum coverage. Your rate depends on the car you drive, the company you pick, the coverage you need, your driving record and more.
How can you get cheaper insurance at 23?
Shopping around and comparing quotes is the best way to find the cheapest rate for the coverage you need. You might also be able to get a lower rate by using any discounts offered, like bundling your auto with your renters, condo or home insurance.
Methodology
To find the cost of car insurance for 23-year-olds, ValuePenguin collected quotes from four of the most populated states in the U.S. Quotes are for 23-year-old men and women with clean driving records and good credit scores who own a 2015 Honda Civic EX.
Minimum coverage rates include only the required coverage types and levels for each state. Full coverage rates include higher liability limits than the state requirements, along with comprehensive and collision coverage.
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured and underinsured motorist bodily injury: $50,000 per person and $100,000 per accident
- Personal injury protection (PIP): Minimum, when required by state
- Medical payments: $5,000
- Comprehensive and collision deductible: $500 deductible
This analysis included seven insurance companies. Not every company was available in every state.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. The rates used to calculate the averages were sourced publicly from insurer filings. These averages should only be used for comparative purposes. Your own quotes may be different.
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.