GEICO has the cheapest car insurance for most 24-year-old drivers, while USAA offers the most affordable premiums for veterans, military members and their families. We rank the top insurance companies based on affordability for 24-year-old drivers based on coverage, gender and vehicle.
Cheapest Car Insurance for 24-Year-Olds
Updated: August 1, 2026
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Cheapest Car Insurance Companies for 24-year-Olds
Cheapest Minimum Coverage Car Insurance for 24-Year-Olds
GEICO is the cheapest available minimum liability choice at $80 a month, with Auto-Owners next at $97. The priciest insurers, Farmers and AIG, charge more than double that $97 for the same coverage, so compare companies and quotes. USAA is cheaper than all of them at $55, but sells only to military members and their families.
| USAA | $55 | $656 |
| GEICO | $80 | $959 |
| Auto-Owners | $97 | $1,161 |
| Travelers | $102 | $1,222 |
| State Farm | $104 | $1,253 |
| Progressive | $131 | $1,571 |
| Allstate | $136 | $1,632 |
| Nationwide | $145 | $1,740 |
| Farmers | $160 | $1,915 |
| AIG | $162 | $1,943 |
Rates are for drivers with clean driving records and good credit, insuring a 2012 Toyota Camry with minimum coverage.
Read More:
Cheapest Full Coverage Car Insurance for 24-Year-Olds
Among insurers, GEICO has the cheapest full coverage at $175 a month, or $2,099 a year, with Travelers next at $203. Rates climb steeply from there, reaching $487 at AIG, so which carrier you pick changes the bill by hundreds a month. USAA is lower at $119, but only service members, veterans and their families qualify.
| USAA | $119 | $1,429 |
| GEICO | $175 | $2,099 |
| Travelers | $203 | $2,433 |
| Auto-Owners | $205 | $2,460 |
| State Farm | $220 | $2,641 |
| Progressive | $259 | $3,113 |
| Allstate | $270 | $3,234 |
| Nationwide | $280 | $3,358 |
| Farmers | $319 | $3,826 |
| AIG | $487 | $5,839 |
Rates are for drivers with clean driving records and good credit, insuring a 2012 Toyota Camry with full coverage.
Cheapest Car Insurance for 24-Year-Olds by State
The cheapest minimum-coverage rate for a 24-year-old ranges from $26 a month in Hawaii to $188 in Louisiana, depending on the state. No single company is cheapest everywhere. GEICO is cheapest in the most states, while regional insurers like Farm Bureau, American National and Country Financial are cheapest in many others. Because the lowest rate often comes from a smaller local carrier, compare those in your state, not only the national names.
| Alabama | AIG | $53 | $187 |
| Arkansas | Farm Bureau | $65 | $151 |
| California | GEICO | $78 | $170 |
| Colorado | American National | $64 | $162 |
| Connecticut | GEICO | $120 | $263 |
| Delaware | GEICO | $153 | $294 |
| District of Columbia | Chubb | $68 | $263 |
| Hawaii | GEICO | $26 | $70 |
| Idaho | State Farm | $42 | $125 |
| Indiana | Indiana Farmers Insurance | $65 | $126 |
| Louisiana | Safeway Insurance | $188 | $320 |
| Maryland | State Farm | $138 | $267 |
| Michigan | GEICO | $69 | $125 |
| Nebraska | Farmers Mutual Ins Co of NE | $38 | $110 |
| Nevada | Country Financial | $121 | $202 |
| New Hampshire | MMG Insurance | $90 | $137 |
| New Jersey | GEICO | $98 | $216 |
| North Dakota | North Star Insurance | $50 | $126 |
| Ohio | GEICO | $63 | $118 |
| Oklahoma | American Farmers & Ranchers | $58 | $149 |
| Oregon | Country Financial | $63 | $130 |
| Pennsylvania | Travelers | $64 | $141 |
| Rhode Island | State Farm | $98 | $200 |
| South Carolina | Farm Bureau | $81 | $137 |
| South Dakota | Farmers Mutual Ins Co of NE | $27 | $92 |
| Tennessee | Travelers | $89 | $195 |
| Texas | GEICO | $96 | $204 |
| Vermont | Co-operative Insurance | $33 | $102 |
| Virginia | Farm Bureau | $67 | $123 |
| Washington | American Family | $109 | $188 |
| Wyoming | American National | $41 | $131 |
Cheapest Car Insurance for 24-Year-Olds by Gender
At 24, male drivers generally pay more than female drivers because they have higher accident rates. That difference is small next to the range between the cheapest and priciest companies, so the insurer you choose affects your rate more than your gender. In California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania, insurers can't use gender at all for rate calculations, so men and women pay the same rate.
Cheapest Car Insurance for 24-Year-Old Female Drivers
For 24-year-old female drivers, American National P&C stands out as the most budget-friendly car insurance provider nationwide, with an average rate of $660 for minimum coverage. Concord Group has the cheapest rate at $1,263 for full coverage policies.
Female drivers benefit from lower premiums than men.
Data filtered by:
State Minimum Liability Only
| American National P&C | $55 | $660 |
| Concord Group | $59 | $707 |
| GEICO | $82 | $987 |
| Auto-Owners | $98 | $1,179 |
| State Farm | $101 | $1,207 |
| Travelers | $102 | $1,219 |
| Country Financial | $107 | $1,287 |
| AAA | $112 | $1,344 |
| American Family | $128 | $1,541 |
| Progressive | $132 | $1,590 |
Rates are for female drivers with clean driving records and good credit, insuring a 2012 Toyota Camry.
Cheapest Car Insurance for 24-Year-Old Male Drivers
American National P&C offers 24-year-old male drivers the lowest annual rate of $664. Concord Group offers the cheapest full coverage policy option at $1,386 per year.
Male drivers often face higher premiums than females because of their higher likelihood of accidents.
Data filtered by:
State Minimum Liability Only
| American National P&C | $55 | $664 |
| Concord Group | $65 | $779 |
| GEICO | $78 | $932 |
| Auto-Owners | $95 | $1,142 |
| Travelers | $102 | $1,225 |
| State Farm | $108 | $1,300 |
| Country Financial | $110 | $1,322 |
| AAA | $118 | $1,420 |
| American Family | $129 | $1,547 |
| Progressive | $129 | $1,553 |
Rates are for male drivers with clean driving records and good credit, insuring a 2012 Toyota Camry.
Cheapest Cars to Insure for 24-Year-Olds
The Subaru Forester is the cheapest car to insure for 24-year-olds at $1,279 a year with full coverage. Pricier models like the BMW 3 Series cost $1,955, so a common, safety-rated model keeps the premium below a luxury or performance car.
Data filtered by:
Full Coverage
| Subaru Forester | Compact SUV | GEICO | $1,279 |
| Subaru Outback | Sedan | Nationwide | $1,368 |
| Toyota Tacoma | Pickup Truck | GEICO | $1,405 |
| Audi Q5 | Luxury SUV | GEICO | $1,413 |
| Honda Passport | SUV | GEICO | $1,486 |
| Toyota Corolla | Compact | GEICO | $1,507 |
| Ford Mustang Mach E | Sports Car | GEICO | $1,538 |
| Honda Odyssey | Minivan | State Farm | $1,560 |
| Tesla Model Y | Luxury Electric | GEICO | $1,564 |
| Nissan LEAF | Electric | GEICO | $1,566 |
| BMW 1 Series | Luxury Compact | GEICO | $1,611 |
| Porsche Taycan | Luxury Sports Car | GEICO | $1,626 |
| Mercedes GLA 250 | Luxury Compact SUV | GEICO | $1,713 |
| BMW 3 Series | Luxury Sedan | State Farm | $1,955 |
Rates are for drivers with clean driving records and good credit.
Cheap Car Insurance for 24-Year-Olds: Buying Guide
Car insurance gets cheaper at 25, but you don't have to wait. Rates vary a lot by company and state, so comparing quotes is the best way to find your lowest price now.
How Much Is Car Insurance for a 24-Year-Old?
The average cost of car insurance for 24-year-olds costs $940 for minimum coverage and $2,002 for full coverage on average. These estimates assume good credit and clean driving records. Your quote depends on your specific driving profile.
Average Car Insurance Cost for 24-Year-Olds by Coverage
The table below shows average car insurance costs for 24-year-old drivers by coverage level.
| Minimum Coverage | $78 | $940 |
| Full Coverage | $167 | $2,002 |
Average Cost of Car Insurance for 24-Year-Olds by State
Average car insurance costs for 24-year-old drivers differ by state. Price differences are shaped by factors like crime levels, climate and population density. Review average state rates and estimate costs in your region using the table below.
Data filtered by:
State Minimum Liability Only
| Alabama | $136 | $1,634 |
| Alaska | $99 | $1,185 |
| Arizona | $162 | $1,947 |
| Arkansas | $138 | $1,657 |
| California | $113 | $1,353 |
| Colorado | $166 | $1,994 |
| Connecticut | $231 | $2,768 |
| Delaware | $257 | $3,078 |
| District of Columbia | $234 | $2,806 |
| Florida | $188 | $2,261 |
| Georgia | $219 | $2,625 |
| Hawaii | $36 | $437 |
| Idaho | $94 | $1,129 |
| Illinois | $135 | $1,626 |
| Indiana | $105 | $1,265 |
| Iowa | $87 | $1,045 |
| Kansas | $113 | $1,355 |
| Kentucky | $186 | $2,231 |
| Louisiana | $244 | $2,927 |
| Maine | $101 | $1,212 |
| Maryland | $228 | $2,731 |
| Massachusetts | $106 | $1,271 |
| Michigan | $136 | $1,632 |
| Minnesota | $101 | $1,212 |
| Mississippi | $155 | $1,854 |
| Missouri | $182 | $2,184 |
| Montana | $123 | $1,481 |
| Nebraska | $117 | $1,398 |
| Nevada | $197 | $2,362 |
| New Hampshire | $125 | $1,494 |
| New Jersey | $231 | $2,771 |
| New Mexico | $130 | $1,562 |
| New York | $114 | $1,374 |
| North Carolina | $101 | $1,216 |
| North Dakota | $111 | $1,328 |
| Ohio | $112 | $1,347 |
| Oklahoma | $147 | $1,766 |
| Oregon | $145 | $1,737 |
| Pennsylvania | $105 | $1,256 |
| Rhode Island | $212 | $2,550 |
| South Carolina | $151 | $1,811 |
| South Dakota | $89 | $1,066 |
| Tennessee | $124 | $1,484 |
| Texas | $159 | $1,903 |
| Utah | $174 | $2,085 |
| Vermont | $84 | $1,011 |
| Virginia | $143 | $1,710 |
| Washington | $128 | $1,539 |
| West Virginia | $148 | $1,778 |
| Wisconsin | $109 | $1,306 |
| Wyoming | $58 | $692 |
KEY CONSIDERATIONS WHEN SHOPPING: EXPERT TIP
Obtaining quotes from multiple insurance companies is a good idea to see which comes out as the best and cheapest for your specific profile. You also want to ensure the company has optional coverages that are good for a teen driver or any driver to have on their policy. They include roadside assistance and rental car coverage.
— Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Why Car Insurance Is Expensive for 24-Year-Olds
Car insurance for 24-year-olds costs more than coverage for older drivers, though premiums drop from teenage rates. Drivers aged 16 to 19, considered high-risk drivers, have more accidents and violations, with fatal crashes nearly three times as common compared to older drivers.
Speeding, distracted driving, nighttime driving and not wearing seat belts contribute to higher rates. These risks decrease as drivers gain experience.
When Does Car Insurance Get Cheaper?
Being 24 means you're one year away from major insurance savings. Most insurers drop rates when you turn 25, marking a milestone in car insurance pricing based on decades of data showing drivers become statistically safer after this age. The steepest price drops happen between ages 24 and 26, with rates decreasing gradually as you gain more driving experience.
You can increase savings before turning 25 by maintaining a clean driving record, improving your credit score and completing a defensive driving course. Some insurers review policies every six months, so you'll see benefits from these improvements quickly.
How to Get Cheap Car Insurance for 24-Year-Olds
24year-old drivers pay more than older drivers, but staying on a family policy, comparing quotes and stacking discounts all bring the cost down.
- 1
Stay on a parent's policy
Staying on a parent's policy keeps their coverage history and multi-car discount working for you, which usually beats a standalone policy on price.
- 2
Shop around as much as possible
The cheapest company for a 24-year-old can cost less than half the priciest for the same coverage, so several quotes are the surest way to save. Comparing quotes from multiple auto insurance providers.
- 3
Find discounts you qualify for
A good student discount cuts 10% to 25% for a B average, and a defensive driving course another 5% to 15%. A safe-driving program can lower the rate further.
- 4
Choose a safe, older car
A common, safety-rated model costs far less to insure than a luxury or performance car, so the vehicle you choose is a real lever on the premium.
- 5
Adjust your coverage amount
Full coverage averages more than $1,000 a year above minimum, so on an older car you could replace yourself, a liability-only auto insurance policy is worth considering.
- 6
Maintain good credit
Most insurers factor in your credit score, so improving it before you renew can lower your rate.
SHOULD I STAY ON MY PARENTS' POLICY AT 24?
Most insurers allow unmarried adult children to remain on family policies as long as they live in the same household. However, some companies extend this to college students living away from home.
Family policies cover all household members under one umbrella, often resulting in multi-car and multi-driver discounts that reduce overall costs. You'll need your own policy when you get married, buy a home or move to a different state permanently.
Car Insurance Discounts for 24-Year-Olds
24-year-old drivers may qualify for several discounts that stack together, often 20% to 30% combined. Save money using big discounts from good grades, safe-driving telematics programs and bundling policies, while smaller ones like low mileage and paperless billing add a little more.
Good Student DiscountMaintain a 3.0 GPA or higher to qualify for savings of 10-25%. Many insurers extend this discount through age 25 for full-time students.
Alumni Association DiscountYour college or university may have partnerships with insurers offering ongoing savings to graduates. Check with your alma mater's alumni association for available programs.
Professional Organization DiscountEngineers, teachers, nurses and other professionals often qualify for group rates through their associations. Even recent graduates can access these discounts through professional memberships.
Defensive Driving Course DiscountComplete an approved defensive driving course to reduce your premium, often by 5-15%. Many courses are available online and can be completed in a few hours.
Usage-Based Insurance DiscountSafe driving programs that monitor your habits can reduce premiums by 40%. These programs track factors like speed, braking and the time of day you drive.
Bundling DiscountCombine your auto with homeowners insurance or other policies to save on both coverages. The combined savings often exceed individual policy discounts.
Multi-vehicle discountYou may be eligible for discounts by adding multiple cars to the same policy.
Safe driver discountMaintaining a clean driving record over time can help lower car insurance rates.
Low-mileage discountMany insurers offer discounts for drivers who drive fewer miles annually.
Paperless billing discountChoosing electronic statements and payments can lower your total costs.
Cheapest Auto Insurance for 24-Year-Olds: Bottom Line
GEICO, Auto-Owners, Travelers, State Farm and Progressive offer competitive rates, but the best deal depends on your specific profile and discount eligibility.
Car Insurance for 24-Year-Olds: FAQ
Yes, you can purchase your own car insurance policy while living with your parents.
Getting married lowers your insurance rates because insurers view married drivers as less likely to file claims.
You must update your car insurance when you move to a different state.
Shop for new car insurance at least once per year, ideally when your policy renews. Your circumstances change frequently at 24; you might improve your credit score, move or qualify for new discounts.
You can be removed from your parent's car insurance policy, but the process depends on your insurer's requirements. You'll need proof of your own coverage before being removed. Some insurers require written consent from the policyholder (your parents). Once removed, you can't easily be added back.
Best Car Insurance Rates for 24-Year-Olds: Our Methodology
We designed our research to help 24-year-olds find the balance between affordable premiums and solid financial protection.
Our Research Approach
We collected 4,284 price estimates from 100 different ZIP codes across all 50 states, focusing on six major auto insurance providers that offer competitive rates for younger drivers. Our data comes from each state's insurance department and Quadrant Information Services, which ensures accuracy across different markets and regulations.
Why This Approach Works for 24-Year-Olds
We built our analysis around practical considerations for people in their mid-twenties instead of using generic profiles. We factored in state-by-state variations because your location affects rates, and we focused on companies that compete for younger drivers rather than those that cater to families or seniors.
Sample Driver Profile
Our baseline 24-year-old driver profile includes:
- Toyota Camry LE
- Clean driving record (no accidents or violations)
- 12,000 miles annually
This profile reflects someone who's moved beyond the highest-risk teenage years but has yet to reach the lower-rate thresholds that come with age and experience.
Coverage Levels We Analyzed
Minimum Coverage: We used each state's required liability limits to find the cheapest legal coverage. While tempting for budget-conscious 24-year-olds, minimum coverage leaves you vulnerable to financial losses.
Full Coverage: We analyzed policies with 100/300/100 liability limits and $1,000 deductibles for comprehensive and collision coverage. This means:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
These limits provide financial protection without the premium increase of maximum coverage.
Learn more about MoneyGeek's car insurance methodology.
Cheap Auto Insurance for 24-Year-Olds: Related Articles
About Mark Fitzpatrick
Mark Fitzpatrick, a licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident expert in insurance and economics. He has spent nearly a decade covering the market, first at LendingTree and now at MoneyGeek, where he analyzes hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College before earning a master's in economics and international relations from Johns Hopkins University. Before MoneyGeek, he worked 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 December 24, 2024.