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: April 30, 2026
Advertising & Editorial Disclosure
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 offers the most affordable minimum liability car insurance for 23-year-olds at $84 per month, Young drivers at 23 can get 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 from GEICO. State Farm's $236 monthly premium is your second-best option. Allstate, Nationwide and Progressive offer competitive rates.
| 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 range from $51 to $217 per month depending on the state. GEICO offers the lowest rates in 39 states, with State Farm and Progressive leading in the remaining markets.
| 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
GEICO offers the cheapest car insurance for 23-year-old male drivers at $82 per month for minimum liability coverage. State Farm averages $119 per month and Nationwide $158 per month. Choosing GEICO over the pricier alternatives saves young male drivers up to $76 per month, or about $912 per year.
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. For minimum liability coverage, females pay $125 monthly while males pay $127. For full coverage, females pay $293 per month, while males pay $311.
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
Where you live determines insurance rates. Claim frequency, mandated coverage minimums and economic conditions affect rates.
| 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
Costs are higher for 23-year-olds than for older people. Stay on your parents' policy, compare rates across insurers, stack discounts and choose affordable vehicles to help save on premiums.
- 1Stay on a parent's policy
Adding yourself to your parents' existing policy works out more affordable. You'll keep multi-car discounts and benefit from your parents' insurance history. You can stay on your family policies if you stay at home or attend college.
- 2Shop around as much as possible
Comparing multiple provider quotes shows differences. MoneyGeek's analysis of cost differences between the most budget-friendly providers revealed premium variations of up to 30%.
- 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 to save up to 40%.
- 4Choose a safe, older car
The car you have affects your premium pricing. Safety-rated, economical models cost less to repair, leading to lower risk assessments and lower insurance rates.
- 5Adjust your coverage amount
Cheap Car Insurance for 23-Year-Olds: Bottom Line
Car insurance can be expensive for 23-year-olds. Save by comparing quotes, staying on a family policy and taking advantage of discounts. Nationwide, GEICO and State Farm are affordable providers for 23-year-olds.
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 calculated annual car insurance estimates using a sample driver profile: a Toyota Camry LE owner with a clean driving record and 12,000 miles driven per 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.
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 (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He writes about economics and insurance on MoneyGeek so people can make coverage decisions with confidence. His insurance insights have been featured in The Washington Post, The New York Times and NPR, among other media outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data, and no insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.) and began his career in financial risk management at State Street. He's also a five-time Jeopardy champion!
Sources
- Centers for Disease Control and Prevention. "Teen Drivers and Passengers: Get the Facts." Accessed July 30, 2025.