Does insurance go down at 30?

Insurance rates typically decrease from when you start driving, provided you maintain a clean record. But after 25, age has less influence on rates. By 30, drivers often enjoy lower premiums because insurers view them as more experienced and less risky.

What is the cheapest car insurance for a 30-year-old?

GEICO offers the lowest rates for 30-year-olds, averaging $106 per month and $1,270 per year.

Which gender pays more car insurance?

Traditionally, young male drivers have paid more for car insurance due to higher-risk statistics. However, this gap narrows with age, and by 30, rates are more influenced by driving history and vehicle choice than gender.

Are older cars cheaper to insure?

Yes, older cars are generally cheaper to insure mainly because their lower value decreases the potential payout in case of a claim. However, safety features and the likelihood of theft can also affect premiums.

Average Cost of Car Insurance for 30-Year-Old Drivers

Name: Average Cost of Car Insurance for 30-Year-Old Drivers
Item: Average Cost of Car Insurance for 30-Year-Old Drivers
Author: Mandy Sleight

GEICO offers the lowest average premium for 30-year-olds at $1,270 per year. But your cheapest option could vary due to factors like location, vehicle, coverage and gender. Annually, women pay $1,276 — men pay $1,260.

ByMandy Sleight

Edited byLukas Velunta

ByMandy Sleight

Edited byLukas Velunta

Updated: April 16, 2024

Advertising & Editorial Disclosure

About Mandy Sleight

Mandy Sleight is a writer for MoneyGeek and has been an insurance agent since 2005. As a freelance writer, she uses her vast knowledge of the insurance industry to create informative, engaging and easy-to-understand content for consumers. Her work has been featured in Market Watch, Kiplinger and other major publications.

sources

AAA Foundation for Traffic Safety. "Rates of Motor Vehicle Crashes, Injuries and Deaths in Relation to Driver Age, United States, 2014-2015." Accessed January 18, 2021.
GEICO. "Car Insurance Discounts." Accessed January 18, 2021.