How Much Is Car Insurance for a 24-Year-Old in 2024?
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Edited byVictoria Copans
Updated: April 17, 2024
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About Mark Fitzpatrick
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On average, 24-year-olds pay about $345 per year for liability-only car insurance and approximately $1,891 per year for full coverage on a family policy. At 24, men pay around 4% more than women for the same coverage.
Updated: April 17, 2024
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About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.