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


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ByMandy Sleight
Edited byLukas Velunta
ByMandy Sleight
Edited byLukas Velunta

Updated: May 20, 2024

Advertising & Editorial Disclosure

MoneyGeek collected data to compare the top insurance providers for 30-year-olds to help you find the best cheap car insurance companies for your needs. At 30, drivers are often seen as experienced and safer on the road, potentially leading to more favorable rates, averaging $1,480 in annual premiums.

Key Takeaways

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For 30-year-olds, full coverage car insurance averages $1,480 to $1,633 yearly, while the state minimum costs about $1,140 annually.

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GEICO offers the most affordable full coverage at $1,270 per year for 30-year-olds. State Farm follows closely at $1,299 per year.

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Experienced 30-year-old drivers often get lower rates, like $108 monthly for state minimum coverage. Credit and driving history also impact costs.

Why Trust MoneyGeek? MoneyGeek collected data from Quadrant Information Services and state insurance departments. Using this research, an analysis was conducted that considered various driver profiles and geographic locations. This identified how vital it is to compare car insurance rates when looking for a policy since rates for the same driver profile vary depending on the insurance company.

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These rates reflect the average cost of car insurance for 30-year-olds as of 2024.

529,578Quotes Analyzed
 
67Companies Compared
 
897Zip Codes

Average Cost of Car Insurance for 30-Year-Olds

On average, the full coverage cost of car insurance for a 30-year-old is $1,480 per year or $123 per month. However, opting for higher coverage limits, such as a 300/500/300 policy with a $1,500 deductible, increases the annual cost to $1,633, or $136 per month.

Meanwhile, a liability-only policy costs $1,140 per year and $95 per month. It suits owners of older or less valuable cars, particularly if they can manage out-of-pocket repairs. Opting for basic coverage or the state's minimum car insurance might suffice in these cases.

At 30, drivers with assets or those starting families should consider full coverage. It provides extensive protection against accidents and unforeseen events — important for daily commuters relying heavily on their vehicles.

100/300/100 w/ $1000 DeductibleAverage Annual Premium$1,480Average Monthly Premium$123
300/500/300 w/ $1500 DeductibleAverage Annual Premium$1,633Average Monthly Premium$136
State Minimum Liability OnlyAverage Annual Premium$1,140Average Monthly Premium$95

Average Cost of Car Insurance for 30-Year-Olds by Gender

Gender significantly impacts insurance rates primarily for young drivers aged 16 to 25. Statistical data often shows differing risk profiles between genders in this age group.

But by age 30, the disparity in premiums due to gender becomes negligible, indicating that insurers place more emphasis on driving experience and history as drivers mature. Shop around and compare insurance quotes because individual insurers may weigh these factors differently, potentially offering more favorable rates regardless of age or gender.

FemaleAnnual Premium$1,276Monthly Premium$106
MaleAnnual Premium$1,260Monthly Premium$105

Cheapest Car Insurance Companies for 30-Year-Old Drivers

The cheapest car insurance companies for 30-year-old drivers are:

  • GEICO: $106 per month, $1,270 per year
  • State Farm: $108 per month, $1,299 per year

When comparing car insurance quotes, costs differ between companies due to their unique assessment methods. For accurate quotes, provide:

  • Age
  • Gender
  • Location
  • Car details
  • Driver’s license number
  • Other household drivers

This information helps insurers tailor rates to your coverage needs.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
GEICOAnnual Premium$1,270Monthly Premium$106
State FarmAnnual Premium$1,299Monthly Premium$108
NationwideAnnual Premium$1,443Monthly Premium$120
AllstateAnnual Premium$1,525Monthly Premium$127
ProgressiveAnnual Premium$1,527Monthly Premium$127
TravelersAnnual Premium$1,565Monthly Premium$130
FarmersAnnual Premium$1,730Monthly Premium$144
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MONEYGEEK EXPERT TIP

Insurance rates vary significantly by state, and some providers may not offer coverage in your area. To find the cheapest car insurance companies, compare at least three similar quotes to ensure you're getting the best deal. Use a car insurance comparison tool to compare quotes fast and easy.

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Cheapest Cars to Insure for 30-Year-Old Drivers

The cheapest cars to insure for 30-year-old drivers are:

  • Subaru Forester: $1,359 annually, $113 monthly
  • Subaru Outback: $1,377 annually, $115 monthly

Whether you’re a teen driver or a 30-year-old driver with experience, the type of car you drive can affect your rates. The most expensive cars to insure regardless of age range are high-performance cars and expensive cars.

The car you drive shapes how much insurance you need. Owners of older or budget-friendly cars might choose liabilty-only car insurance to avoid excessive costs. For those financing or leasing, full coverage insurance is necessary. The rule of thumb is to rethink your coverage if annual premiums surpass 10% of your car's actual cash value (ACV).

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Subaru ForesterAnnual Premium$1,359Monthly Premium$113
Subaru OutbackAnnual Premium$1,377Monthly Premium$115
Honda CR-VAnnual Premium$1,399Monthly Premium$117
MINI CooperAnnual Premium$1,422Monthly Premium$119
Jeep WranglerAnnual Premium$1,431Monthly Premium$119
Mazda CX-5Annual Premium$1,432Monthly Premium$119
Honda OdysseyAnnual Premium$1,433Monthly Premium$119
Honda HR-VAnnual Premium$1,435Monthly Premium$120
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How to Get Cheap Car Insurance for 30-Year-Old Drivers

One way to get significant savings is to add a 30-year-old to a family car insurance policy. If your household has more than one car, a multi-car discount applies, and the family could be eligible for more discounts.

Here are a few more strategies to get the best rate on car insurance.

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    Shop around

    Shopping around for car insurance can lead to significant savings. By comparing identical coverage across at least three insurers, you can find the best fit for your budget.

    MoneyGeek data suggests that comparison shopping could save you over $445 annually. Additionally, using a car insurance comparison tool that includes multiple companies is a smart way to find affordable coverage for 30-year-olds.

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    Maintain a clean driving record

    Even for 30-year-olds, tickets and accidents can significantly raise car insurance costs, though not as dramatically as for younger drivers. Car insurance after a speeding ticket can see an 18% to 30% rate increase, with more severe violations leading to even higher hikes.

    To keep rates low, maintain a clean driving record by sticking with the speed limit, avoiding distractions and paying attention to your surroundings to avoid accidents and tickets.

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    Ask about discounts

    Qualifying for more discounts can significantly lower your car insurance rates. At 30, you might get discounts for completing defensive driving courses, depending on your state, which can reduce rates over time.

    Additionally, insuring a new car equipped with safety features like anti-lock brakes, airbags and anti-theft systems can lead to further discounts. For instance, with GEICO, such features could slash your rates by up to 50%.

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    Bundle policies

    Combining your car insurance with other policies, like homeowners or renters insurance, can unlock substantial discounts. Insurers reward loyalty and the reduced risk associated with multiple policies, making this a smart move for 30-year-olds managing various insurance needs, leading to simplified payments and potentially significant savings across the board.

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    Review and update policies regularly

    Life changes — like moving, job transitions or family growth — can affect your insurance needs and rates. Regular policy reviews ensure your coverage matches your current life stage and can unveil opportunities for savings.

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    Maximize no-claim bonuses

    For 30-year-olds with a history of safe driving, maximizing no-claim bonuses can lead to significant reductions in insurance premiums. These bonuses reward you for each year you go without filing a claim, showcasing you as a lower-risk driver.

    State Farm rewards safe drivers with two discounts — the accident-free discount and good driver discount. GEICO also offers an accident-free good driver discount for policyholders who have been collision-free for five years.

    Consistently maintaining this record not only reflects responsible driving but also translates into tangible financial benefits, making your insurance more affordable year after year.

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    Lower the coverage amount

    Another way to save on car insurance as a 30-year-old is to consider liability-only coverage if you own an inexpensive car.\

    If you are thinking of going this route, consider it carefully because not having comprehensive or collision coverage means there’s no coverage if you're at fault for damaging the car. If you can’t afford to fix or replace your cheap car, this might not be the best strategy for you.

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    Choose a sedan over a sports car

    You may like sports cars and expensive luxury cars, but you won’t find cheap car insurance rates for them. When comparing a Toyota Camry with a Ford Mustang for a 30-year-old added to a family plan, the cost is an estimated $733 more annually for the Ford (roughly $2,000) vs. the Camry (roughly $1,267).

    If you’re car shopping, get quotes on the cars you’re interested in buying.

FAQ: Average Cost of Car Insurance for 30-Year-Olds

You may still have questions about the costs of car insurance for 30-year-olds. We've answered some of them here.

Does insurance go down at 30?
What is the cheapest car insurance for a 30-year-old?
Which gender pays more car insurance?
Are older cars cheaper to insure?

About Mandy Sleight


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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.


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