The average cost of car insurance for a 21-year-old is $99 per month, which is much higher than average compared to other age groups. Drivers who are 21 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.
Because the cost of coverage for 21-year-olds is so high, it’s important to shop around for multiple quotes before buying a policy. Some of the best car insurance companies for 21-year-old drivers are Geico, USAA, and AAA.
Cost of Car Insurance for a 21-Year-Old by Company
$631 per year
$737 per year
$821 per year
Note: Rates are an approximation based on a driver in California with minimum coverage. Actual rates will vary.
The exact cost of car insurance for a 21-year-old depends on a few factors, including their driving record, gender, and vehicle type. Additionally, whether a 21-year-old is buying their own policy or being added to their parents’ policy makes a difference.
Adding a 21-year-old to an existing policy will raise the premium by an average of 140% to 160%. But even with the added cost, it’s still a more cost-effective option than having the driver purchase their own policy.
To learn more, check out WalletHub’s guide to the best car insurance for teens and young drivers.
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