Updated: July 5, 2025
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GEICO has the lowest monthly rates for most drivers at $80 for minimum and $175 for full coverage.
For military members and their families, USAA is the cheapest at $55 per month for minimum coverage and $119 for full coverage.
The average monthly cost of car insurance for 24-year-old drivers is $58 for minimum coverage and $124 for full coverage.
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.
Among national providers, GEICO offers the most affordable minimum liability car insurance for 24-year-old drivers. Although USAA has the lowest rate, $656 per year, it's only available to military families.
| USAA | $55 | $656 |
| GEICO | $80 | $959 |
| Auto-Owners Insurance Co | $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.
GEICO offers the cheapest full coverage car insurance for 24-year-old drivers, with average rates of $2,099 annually. USAA offers a cheaper alternative for military members and their families at $1,429 annually.
| USAA | $119 | $1,429 |
| GEICO | $175 | $2,099 |
| Travelers | $203 | $2,433 |
| Auto-Owners Insurance Co | $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.
Car insurance costs for 24-year-olds vary widely by state, with monthly rates ranging from $26 to $188. Below, we've highlighted the leading insurance providers with the most affordable options for this age group in each state.
| 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 |
Due to an increased risk of accidents, 24-year-old male drivers are likely to pay higher insurance rates than their female counterparts. We highlight the most affordable insurance options available for both men and women in this age group.
California, Hawaii, Massachusetts, Michigan, North Carolina and Pennsylvania have state laws or regulations that prohibit or restrict insurers from using gender as a rating factor, so male and female drivers generally receive the same rates for the same risk profile.
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 in this age group often benefit from lower premiums than men, as they are statistically less likely to be involved in accidents.
| American National P&C | $55 | $660 |
| Concord Group | $59 | $707 |
| GEICO | $82 | $987 |
| Auto-Owners Insurance Co | $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.
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.
| American National P&C | $55 | $664 |
| Concord Group | $65 | $779 |
| GEICO | $78 | $932 |
| Auto-Owners Insurance Co | $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.
When buying a car for a 24-year-old, consider adding them to your policy with a vehicle that's safe and among the cheapest cars to insure. Below, we’ve outlined the most affordable models by vehicle type for 24-year-old drivers.
| 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.
This guide explores the average car insurance costs for 24-year-olds and provides information to help you discover budget-friendly coverage while ensuring adequate financial protection. With car insurance rates varying between locations and companies, comparing offers from different providers can prevent costly mistakes.
The average cost of car insurance for 24-year-olds is $940 and $2,002 annually for minimum coverage and full coverage, respectively. These estimates assume drivers have good credit and clean records, but your actual quote may vary based on your driving profile.
Below, we provide the average costs of car insurance for 24-year-old drivers, broken down by coverage level.
| Minimum Coverage | $78 | $940 |
| Full Coverage | $167 | $2,002 |
Average car insurance costs for 24-year-old drivers differ by state. Price differences are shaped by factors such as crime levels, climate and population density. Review average state rates and estimate costs in your region using the table below.
| 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 |
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
Car insurance for 24-year-olds can still be relatively expensive, though their average premiums are lower than those for younger drivers. Younger drivers, especially those aged 16 to 19, who are considered high-risk drivers, are more frequently involved in accidents and violations, with fatal crashes nearly three times as common compared to older drivers. Risky behaviors such as speeding, distracted driving, nighttime driving and failing to wear seat belts remain contributing factors, although these risks decrease as drivers gain experience.
Being 24 means you're just one year away from significant insurance savings. Most insurers drop rates when you turn 25, marking a major 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 continuing to decrease gradually as you gain more driving experience.
You can accelerate these savings even before turning 25 by maintaining a spotless driving record, improving your credit score and completing a defensive driving course. Some insurers review policies every six months, meaning you could see benefits from these improvements relatively quickly.
At 24, drivers often face higher car insurance rates compared to older age groups. Thankfully, there are several ways for 24-year-olds and their families to reduce these costs. Here are some key strategies for securing affordable coverage:
Staying on a parent's insurance policy can help 24-year-olds lower their car insurance costs by benefiting from the parent's established coverage history and multi-car insurance discounts. Most insurers allow 24-year-olds to remain on a family policy if they live at home and drive a family vehicle rather than having one registered in their own name.
Comparing quotes from various auto insurance providers is one of the most effective methods to reduce car insurance costs. MoneyGeek's research shows that for 24-year-olds, premiums can differ by up to 30% between the most affordable and priciest options.
Drivers aged 24 may be eligible for several common car insurance discounts. These can include discounts for students, reduced rates for completing driver education courses, and savings through usage-based insurance programs, which may lower premiums by as much as 40%.
Opting for a budget-friendly car with high safety ratings can reduce insurance premiums. Insurers view these vehicles as lower risk, and their repair costs are often cheaper, making them an excellent option for saving money.
If you can afford to replace your car out of pocket, choosing a liability-only auto insurance policy is cost-effective. For those who want full coverage, increasing your deductibles is another way to lower your premiums.
Many insurers use credit scores as a factor in determining premiums. Maintaining good credit can help keep your rates lower.
Most insurers allow unmarried adult children to remain on family policies as long as they live in the same household, though 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. However, you'll need your own policy when you get married, buy a home or move to a different state permanently.
Twenty-four-year-olds may qualify for multiple car insurance discounts that can stack together for substantial savings. The key is identifying all available discounts and combining them strategically. Many drivers save 20-30% or more by layering multiple discounts together.
Maintain 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.
Your college or university may have partnerships with insurers offering ongoing savings to graduates. Check with your alma mater's alumni association for available programs.
Engineers, teachers, nurses and other professionals often qualify for group rates through their associations. Even recent graduates can access these discounts through professional memberships.
Complete 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.
Safe driving programs that monitor your habits can reduce premiums by up to 40%. These programs track factors like speed, braking and the time of day you drive.
Combine your auto with homeowners insurance or other policies to save on both coverages. The combined savings often exceed individual policy discounts.
You may be eligible for discounts by adding multiple cars to the same policy.
Maintaining a clean driving record over time can help lower car insurance rates.
Many insurers offer discounts for drivers who drive fewer miles annually.
Choosing electronic statements and payments can lower your total costs.
Finding the cheapest car insurance for 24-year-olds requires comparing quotes from multiple insurers, as rates can vary by hundreds of dollars annually between companies. GEICO, Auto-Owners, Travelers, State Farm and Progressive offer competitive rates, but the best deal depends on your specific profile and discount eligibility.
Don't settle for your first quote. Drivers who compare at least three insurers can save hundreds of dollars every year. Start comparing quotes today to discover how much you could save on your car insurance premiums.
Securing budget-friendly car insurance for 24-year-olds can be difficult because of the risk factors that lead to higher premiums for this age group. To assist, we've addressed some of the most common questions related to this topic:
GEICO is one of the most affordable car insurance providers for most 24-year-old drivers. On average, minimum coverage costs $80 per month, and full coverage is approximately $175 per month.
For military members, USAA is the cheapest car insurance provider at $55 per month for minimum coverage and $119 per month for full coverage.
The average monthly cost of car insurance for 24-year-olds is about $78 for minimum coverage and $167 for full coverage. Rates can differ depending on the state. These figures are based on drivers with good credit and clean driving records.
Car insurance can be costly for 24-year-old drivers because they are still perceived as moderately high-risk due to their relatively limited driving experience. This increased likelihood of accidents prompts insurers to charge higher premiums to offset potential claims and liabilities.
Yes, car insurance tends to cost more for 24-year-old males. Statistics show that men in this age group are involved in accidents more frequently than women, prompting insurers to set higher premiums to account for the added risk.
Yes, you can purchase your own car insurance policy while living with your parents. You'll need to be the registered owner of your vehicle and provide proof of your address. Getting your own policy helps you build an independent insurance history, which can lead to better rates over time. However, staying on your parent's policy is often cheaper if you're eligible.
Getting married typically lowers your car insurance rates because insurers view married drivers as more responsible and less likely to file claims. You'll need to update your policy or get a new one, and you can often save more by combining coverage with your spouse. The savings can be significant, sometimes reducing your premiums by 10-15%.
You must update your car insurance when you move to a different state, as each state has different coverage requirements and regulations. Contact your current insurer first to see if they operate in your new state. If not, you'll need to find a new provider. Your rates may increase or decrease depending on your new state's requirements and risk factors.
You should shop for new car insurance coverage 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. Getting quotes from multiple insurers annually ensures you're not overpaying.
Yes, you can be removed from your parent's car insurance policy, but the process depends on your insurer's requirements. You'll likely need proof of your coverage before being removed. Some insurers may require written consent from the policyholder (your parents). Once removed, you can't easily be added back, so make sure you have your own policy in place first.
Starting your independent adult life at 24 means making smart financial decisions, including finding car insurance that doesn't drain your budget. At this age, you're likely establishing credit, maybe starting a career, and definitely looking for ways to stretch your dollars. We designed our research to help 24-year-olds find the sweet spot 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 consistently offer competitive rates for younger drivers. Our data comes from each state's insurance department and Quadrant Information Services, ensuring accuracy across different markets and regulations.
Why This Approach Works for 24-Year-Olds
Rather than using generic profiles that don't reflect your reality, we built our analysis around practical considerations for people in their mid-twenties. We factored in state-by-state variations because your location affects rates, and we focused on companies that actively compete for younger drivers rather than those that primarily cater to families or seniors
Sample Driver Profile
Our baseline 24-year-old driver profile includes:
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 major financial losses.
Full Coverage: We analyzed policies with 100/300/100 liability limits and $1,000 deductibles for comprehensive and collision coverage. This means:
These limits provide substantial financial protection without the premium spike of maximum coverage, which is a practical balance for someone building their financial foundation.
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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
