Progressive provides the most affordable option for 23-year-olds with rates starting at just $86 monthly, while Nationwide comes in second at $96 per month. GEICO, Allstate and State Farm are also good, cheap options for budget-conscious young drivers.
Cheapest Car Insurance for 23-Year-Olds
Updated: December 22, 2025
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Key Takeaways
GEICO, State Farm, Progressive, Allstate and Nationwide emerge as the top five most affordable car insurance providers for 23-year-olds across all coverage levels.
Monthly car insurance costs for 23-year-old drivers begin at $84 for minimum coverage and $184 for full coverage nationally, though some states offer rates as low as $68 per month.
Male drivers pay more for minimum coverage than females, demonstrating that gender-based rate differences persist even as drivers mature.
Best Cheap Car Insurance for 23-Year-Olds
| Progressive | $86 | $1,037 |
| Nationwide | $96 | $1,147 |
| GEICO | $130 | $1,564 |
| Allstate | $152 | $1,828 |
| State Farm | $163 | $1,961 |
*Rates are for a family policy for male and female drivers with clean records and good credit insuring a 2012 Toyota Camry with minimum liability coverage.
Read More:
Cheapest Minimum Liability Car Insurance for 23-Year-Olds
GEICO provides the most affordable minimum liability car insurance for 23-year-olds at $84 per month, with State Farm offering competitive rates at $113 monthly. Young drivers at 23 can also secure quality coverage at reasonable prices through Progressive, Allstate and Nationwide.
| GEICO | $84 | $1,004 |
| State Farm | $113 | $1,362 |
| Progressive | $142 | $1,707 |
| Allstate | $144 | $1,728 |
| Nationwide | $155 | $1,865 |
*Rates are for a family policy for male and female drivers with clean records and good credit insuring a 2012 Toyota Camry.
Cheapest Full Coverage Car Insurance for 23-Year-Olds
Low-cost comprehensive coverage for 23-year-old drivers costs $184 monthly through GEICO, the market's lowest rate. State Farm's $236 monthly premium includes extensive agent support as the second-best option. Allstate, Nationwide and Progressive offer competitive full coverage rates, though regional insurers frequently deliver superior value.
| GEICO | $184 | $2,210 |
| State Farm | $236 | $2,836 |
| Progressive | $282 | $3,389 |
| Allstate | $284 | $3,410 |
| Nationwide | $298 | $3,575 |
*Rates are for a family policy for male and female drivers with clean records and good credit insuring a 2012 Toyota Camry.
Cheapest Car Insurance for 23-Year-Olds by State
Car insurance premiums for 23-year-olds on family policies vary with average monthly costs ranging from as low as $51 to as high as $217. GEICO is the most affordable provider in 39 states, while State Farm and Progressive offer the best rates in the remaining markets. Here's a comprehensive breakdown of the lowest-cost insurers for 23-year-olds in each state.
| Alabama | GEICO | $105 | $1,257 | $50 |
| Alaska | GEICO | $76 | $908 | $56 |
| Arizona | GEICO | $139 | $1,664 | $47 |
| Arkansas | GEICO | $104 | $1,249 | $47 |
| California | GEICO | $107 | $1,284 | $74 |
| Colorado | GEICO | $99 | $1,189 | $75 |
| Connecticut | GEICO | $116 | $1,393 | $129 |
| Delaware | GEICO | $144 | $1,729 | $81 |
| Washington, D.C. | Allstate | $195 | $2,339 | $35 |
| Florida | State Farm | $217 | $2,610 | $116 |
| Georgia | GEICO | $167 | $2,008 | $50 |
| Hawaii | GEICO | $51 | $617 | $24 |
| Idaho | GEICO | $61 | $727 | $39 |
| Illinois | GEICO | $101 | $1,207 | $62 |
| Indiana | GEICO | $73 | $873 | $29 |
| Iowa | GEICO | $84 | $1,005 | $17 |
| Kansas | GEICO | $95 | $1,134 | $48 |
| Kentucky | State Farm | $149 | $1,783 | $31 |
| Louisiana | GEICO | $216 | $2,596 | $159 |
| Maine | GEICO | $74 | $893 | $24 |
| Maryland | GEICO | $139 | $1,664 | $84 |
| Massachusetts | GEICO | $125 | $1,506 | $52 |
| Michigan | GEICO | $108 | $1,297 | $104 |
| Minnesota | State Farm | $132 | $1,588 | $35 |
| Mississippi | Progressive | $136 | $1,628 | $16 |
| Missouri | GEICO | $100 | $1,199 | $86 |
| Montana | State Farm | $62 | $738 | $56 |
| Nebraska | GEICO | $85 | $1,018 | $46 |
| Nevada | GEICO | $208 | $2,498 | $98 |
| New Hampshire | GEICO | $77 | $928 | $35 |
| New Jersey | GEICO | $183 | $2,198 | $120 |
| New Mexico | GEICO | $106 | $1,275 | $33 |
| New York | Progressive | $126 | $1,513 | $79 |
| North Carolina | Progressive | $58 | $696 | $42 |
| North Dakota | GEICO | $73 | $872 | $26 |
| Ohio | GEICO | $94 | $1,124 | $26 |
| Oklahoma | GEICO | $103 | $1,239 | $38 |
| Oregon | GEICO | $120 | $1,444 | $33 |
| Pennsylvania | Nationwide | $166 | $1,992 | $52 |
| Rhode Island | State Farm | $126 | $1,507 | $80 |
| South Carolina | Allstate | $156 | $1,873 | $29 |
| South Dakota | Progressive | $54 | $650 | $46 |
| Tennessee | GEICO | $133 | $1,596 | $20 |
| Texas | State Farm | $132 | $1,578 | $58 |
| Utah | GEICO | $98 | $1,178 | $83 |
| Vermont | State Farm | $59 | $708 | $21 |
| Virginia | GEICO | $102 | $1,224 | $56 |
| Washington | Progressive | $151 | $1,811 | $10 |
| West Virginia | GEICO | $122 | $1,469 | $24 |
| Wisconsin | GEICO | $61 | $732 | $67 |
| Wyoming | GEICO | $71 | $855 | $16 |
*Rates are for male and female drivers with clean driving records and good credit insuring a 2012 Toyota Camry with minimum coverage.
Cheapest Car Insurance for 23-Year-Olds by Gender
Because of their higher accident risk, 23-year-old male drivers generally face higher insurance premiums than females. Below, we show the most cost-effective national insurance providers for both men and women in this age group.
Cheapest Car Insurance for 23-Year-Old Female Drivers
For women age 23 shopping for basic liability coverage, GEICO leads with $86 monthly premiums across the country. You'll pay considerably more with Progressive ($144 monthly) and other well-known insurance companies.
Data filtered by:
State Minimum Liability Only
| GEICO | $86 | $1,029 |
| State Farm | $108 | $1,294 |
| Allstate | $143 | $1,716 |
| Progressive | $144 | $1,722 |
| Nationwide | $153 | $1,834 |
*Rates are for female drivers with clean driving records and good credit insuring a 2012 Toyota Camry.
Cheapest Car Insurance for 23-Year-Old Male Drivers
GEICO delivers the cheapest car insurance rates for 23-year-old male drivers at just $82 monthly for minimum liability coverage, while State Farm averages $119 per month and Nationwide $158 per month. Young men can save nearly $76 per month by choosing GEICO over higher-priced alternatives, adding up to substantial long-term savings.
Data filtered by:
State Minimum Liability Only
| GEICO | $82 | $979 |
| State Farm | $119 | $1,429 |
| Progressive | $141 | $1,691 |
| Allstate | $145 | $1,741 |
| Nationwide | $158 | $1,895 |
*Rates are for male drivers with clean driving records and good credit insuring a 2012 Toyota Camry.
Cheapest Cars to Insure for 23-Year-Olds
The MINI Cooper leads at just $59 monthly compared to a Tesla Model X at $97 monthly. That's $456 in annual savings that could go toward an emergency fund or pay down student loans. Below are the cheapest cars to insure.
Data filtered by:
State Minimum
| MINI Cooper | $59 | $713 |
| MINI Electric | $62 | $738 |
| Subaru Outback | $62 | $739 |
| Subaru Forester | $63 | $756 |
| Ford Mustang Mach E | $65 | $784 |
| Honda Odyssey | $66 | $789 |
| Nissan 370Z | $66 | $792 |
| Volvo XC40 | $66 | $792 |
| Ford Mustang | $66 | $793 |
| Subaru Legacy | $66 | $794 |
| BMW 1 Series | $66 | $797 |
| VW ID.4 | $67 | $799 |
| Mazda CX-5 | $67 | $799 |
| Nissan GT-R | $67 | $800 |
| Mercedes C-Class | $67 | $801 |
| Toyota Sienna | $67 | $801 |
| Audi Q5 | $67 | $803 |
| BMW 4 Series | $67 | $804 |
| Audi A3 | $67 | $804 |
| Chevrolet Camaro SS | $67 | $804 |
*Rates are for drivers with clean driving records and good credit.
Cheapest Cars to Insure by Vehicle Type
The type of car makes a big difference in what young drivers pay for insurance. Minivans cost the least to insure at $68 per month and come with top safety ratings plus plenty of cargo space. Sedans run slightly higher at $71 monthly but get better gas mileage and look stylish.
Data filtered by:
State Minimum
| Minivan | $68 | $814 |
| Luxury Compact | $68 | $814 |
| Luxury Compact SUV | $69 | $831 |
| Sports Car | $70 | $836 |
| Compact SUV | $70 | $837 |
| Luxury SUV | $70 | $841 |
| Compact | $71 | $851 |
| Sedan | $71 | $853 |
| Electric | $71 | $854 |
| Pickup Truck | $72 | $860 |
| SUV | $72 | $863 |
| Luxury Sedan | $72 | $865 |
| Luxury Sports Car | $80 | $959 |
| Luxury Electric | $83 | $999 |
Average Cost of Car Insurance for 23-Year-Olds
On average, annual car insurance costs for 23-year-olds are approximately $125 per month for minimum coverage and $253 for full coverage. Keep in mind that these averages apply to drivers with clean records and good credit. Your actual rate may differ based on your individual driver profile.
Car Insurance Cost for 23-Year-Olds by Coverage and Gender
Male 23-year-olds pay higher premiums than females due to statistical risk factors. For minimum liability coverage, females pay $125 monthly while males pay $127, just a $2 difference. The gap widens to $18 for full coverage, with females paying $293 compared to males $311 per month.
Data filtered by:
100/300/100 Comp/Coll $1000 Deductible
| Female | $250 | $2,997 |
| Male | $258 | $3,100 |
*Liability limits like 100/300/100 mean $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage per accident. The numbers that follow show deductibles for collision and comprehensive coverage.
Average Cost of Car Insurance for 23-Year-Olds by State
Geographic location determines 23-year-old insurance rates, creating a $51 to $217 monthly pricing spread across states. Claim frequency patterns, mandated coverage minimums and economic conditions create these disparities. Your area's breakdown appears below.
| Alabama | $154 | $1,843 |
| Alaska | $155 | $1,856 |
| Arizona | $229 | $2,743 |
| Arkansas | $158 | $1,895 |
| California | $198 | $2,376 |
| Colorado | $211 | $2,534 |
| Connecticut | $300 | $3,594 |
| Delaware | $279 | $3,348 |
| Florida | $387 | $4,646 |
| Georgia | $269 | $3,224 |
| Hawaii | $68 | $817 |
| Idaho | $110 | $1,315 |
| Illinois | $174 | $2,094 |
| Indiana | $131 | $1,574 |
| Iowa | $124 | $1,483 |
| Kansas | $163 | $1,951 |
| Kentucky | $222 | $2,664 |
| Louisiana | $395 | $4,734 |
| Maine | $109 | $1,302 |
| Maryland | $298 | $3,580 |
| Massachusetts | $217 | $2,604 |
| Michigan | $242 | $2,908 |
| Minnesota | $176 | $2,117 |
| Mississippi | $168 | $2,015 |
| Missouri | $227 | $2,721 |
| Montana | $143 | $1,714 |
| Nebraska | $167 | $2,005 |
| Nevada | $353 | $4,232 |
| New Hampshire | $145 | $1,736 |
| New Jersey | $328 | $3,940 |
| New Mexico | $166 | $1,986 |
| New York | $283 | $3,395 |
| North Carolina | $122 | $1,469 |
| North Dakota | $120 | $1,436 |
| Ohio | $142 | $1,700 |
| Oklahoma | $199 | $2,393 |
| Oregon | $195 | $2,335 |
| Pennsylvania | $253 | $3,040 |
| Rhode Island | $251 | $3,007 |
| South Carolina | $210 | $2,517 |
| South Dakota | $129 | $1,547 |
| Tennessee | $153 | $1,839 |
| Texas | $260 | $3,117 |
| Utah | $211 | $2,535 |
| Vermont | $102 | $1,222 |
| Virginia | $176 | $2,117 |
| Washington | $181 | $2,175 |
| Washington, D.C. | $204 | $2,453 |
| West Virginia | $163 | $1,957 |
| Wisconsin | $139 | $1,674 |
| Wyoming | $91 | $1,089 |
How to Save Money on Car Insurance for 23-Year-Olds
Premium costs peak for 23-year-olds compared to older age groups. Strategic approaches help 23-year-olds and families reduce expenses. Stay on your parents' policy, compare rates across insurers, stack discounts and choose affordable vehicles. These strategies collectively save hundreds or thousands of dollars annually.
- 1Stay on a parent's policy
Adding yourself to your parents' existing policy costs less than buying separate coverage. You'll keep multi-car discounts and benefit from your parents' established insurance history, working in your favor. Most insurers allow 23-year-olds to stay on their family policies if they live at home or attend college.
- 2Shop around as much as possible
Comparing multiple provider quotes reveals real price differences. MoneyGeek's analysis of cost differences between the most budget-friendly providers revealed premium variations of up to 30% between market extremes for teens.
- 3Find discounts you qualify for
Most 23-year-olds qualify for good student discounts worth 10% to 25% off if you maintain a B average. Driver education courses can save another 10% to 15%. Add a telematics program that tracks your safe driving habits, and you're looking at potential savings up to 40% off your base rate.
- 4Choose a safe, older car
Vehicle selection impacts premium pricing. Safety-rated, economical models cost less to repair, triggering lower risk assessments and reduced insurance rates.
A MINI Cooper runs $713 yearly while a Tesla Model X hits $1,162. Over five years, choosing the cheaper option puts $2,245 back in your pocket—enough for a solid emergency fund or to knock out student loans faster.
- 5Adjust your coverage amount
Older cars worth under $3,000 don't need comprehensive and collision coverage. Liability-only policies cost far less and still protect you legally. For newer vehicles, bumping your deductible from $500 to $1,000 typically cuts 15% to 20% off your premium without sacrificing protection.
Cheap Car Insurance for 23-Year-Olds: Bottom Line
Car insurance for 23-year-olds can be pricey, but there are ways for young drivers and their families to find more affordable options. Comparing quotes, staying on a family policy and taking advantage of discounts can help reduce costs. Nationwide, GEICO and State Farm are often among the most affordable providers for 23-year-olds, but shopping around is crucial to securing the best deal.
Car Insurance for 23-Year-Olds: FAQ
Age-related risk factors complicate affordable coverage searches for 23-year-olds. We answer common questions:
What is the cheapest car insurance for a 23-year-old?
Nationwide data identifies GEICO as the lowest-cost carrier for 23-year-olds. Basic liability runs $84 monthly, full family plan coverage hits $184 monthly.
How much is car insurance for a 23-year-old per month?
National averages show $125 monthly for basic coverage, $253 for comprehensive protection among 23-year-olds. Geographic variation creates $40 to $213 monthly ranges. Clean records, strong credit and family policy membership produce these baseline figures.
Why is car insurance expensive for 23-year-old drivers?
High-risk driver classification keeps 23-year-old insurance costs elevated, though premiums drop below younger driver rates.
Drivers aged 16 to 19 experience fatal crashes nearly three times more frequently than older drivers. Speeding, distracted driving, night driving and seat belt non-compliance elevate risks, particularly for male drivers.
Is car insurance more expensive for 23-year-old men?
Yes, car insurance is generally more expensive for 23-year-old men. Statistically, men in this age group are more likely to be involved in accidents compared to women, leading insurers to charge higher premiums to offset the increased risk.
Auto Insurance for 23-Year-Olds: Our Methodology
MoneyGeek used a sample driver profile to determine national and state averages for car insurance for 23-year-old drivers. Using this information, we assist readers in selecting the best policy at the lowest price possible.
Data Sources and Depth
We collected data from each state's insurance department and Quadrant Information Services. The data consists of 4,284 price estimates from 100 different ZIP codes and six auto insurance providers.
Sample Driver Profile
MoneyGeek calculates yearly car insurance policy estimates based on a policyholder with the following characteristics:
- Toyota Camry LE
- Clean driving record
- 12,000 miles driven every year
To determine which companies provide the most affordable policies, MoneyGeek compared rates for 23-year-old drivers across different states. We made adjustments to this profile to reflect the differences in age, location and driving behavior.
Coverage Levels and Deductibles Explained
A deductible is the money you have to pay out of your own pocket before your insurance company will pay for your claim. Most drivers would benefit from purchasing full coverage vehicle insurance, which covers both collision and comprehensive damage.
For minimum liability coverages, we used state-required limits to judge which provider was most affordable.Â
For full coverage, we used 100/300/100 liability limits with a $1,000 deductible for comprehensive and collision coverage when researching the cheapest providers. Liability limits of 100/300/100 stand for:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
Learn more about MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- Centers for Disease Control and Prevention. "Teen Drivers and Passengers: Get the Facts." Accessed July 30, 2025.