WalletHub, Financial Company
Car insurance for a 20-year-old costs an average of $1,569 per year for minimum coverage. Twenty-year-old drivers pay more for car insurance than older, more experienced drivers because insurers consider them to be high-risk, meaning they’re more likely to file a claim.
The exact cost of car insurance for a 20-year-old depends on a few factors, including their driving record, gender, location, vehicle, and car insurance company. Some of the best insurance companies for 20-year-old drivers are USAA, Geico and AAA.
Cost of Car Insurance for a 20-Year-Old by Company
$899 per year
$930 per year
$938 per year
$975 per year
$1,030 per year
Note: Rates are an approximation based on a driver in California with minimum coverage. Actual rates will vary.
To learn more, check out WalletHub’s guide to the best car insurance for teens and young drivers.
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