Full coverage insurance costs $1,997 per year or $166 per month, on average. Full coverage car insurance is more expensive than the legal minimum auto insurance coverage because full coverage usually includes collision and comprehensive insurance as well as the minimum coverage required by a state.
The cost of full coverage car insurance varies based on the state, the driver’s chosen coverage limits, the driver’s risk factors, and the vehicle’s value. Additionally, comprehensive and collision insurance are subject to a deductible, and drivers can select a higher deductible in return for a lower premium. Drivers can also minimize the cost of full coverage car insurance by comparing rates and checking for discounts.
Car insurance for a 25-year-old costs $862 per year, on average, or $72 per month. USAA, Geico, and Progressive 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 25-year-old depends on a … read full answerfew factors, including their driving record, gender, location, vehicle, and car insurance company. Some of the best insurance companies for 25-year-old drivers are USAA, Geico and Progressive.
Cost of Car Insurance for a 25-Year-Old by Company
Car insurance for a 20-year-old costs an average of $1,618 per year for the minimum car insurance coverage required, or $134 per month. 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.
Because the cost of coverage for 20-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 20-year-old drivers are Travelers, USAA and Mercury.
Cost of Car Insurance for a 20-Year-Old by Company
The exact cost of car insurance for a 20-year-old depends on a few factors, including their driving record, gender, and vehicle type. Additionally, whether a 20-year-old is buying their own policy or being added to their parents’ policy makes a difference.
Adding a 20-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.
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