Best Car Insurance for Young Adults (2023)
Navigating the complex world of car insurance for young adults can be overwhelming, but with the right information, it's possible to find the perfect fit. In this guide, we'll delve into the top car insurance providers, comparing their unique benefits and discounts to help you make an informed decision
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ...
Licensed Agent & Financial Advisor
UPDATED: May 9, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: May 9, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Affordable car insurance options for young adults, both military and non-military.
- Factors that influence car insurance rates for young drivers.
- Discounts and strategies for saving on car insurance in young adulthood.
- Top 5 cheapest car insurance companies for young adults.
As young drivers transition from their teen years to adulthood, the factors influencing their car insurance rates change. Good grade discounts may no longer apply, but maintaining a clean driving record and good credit history can lead to lower premiums. To help you find an affordable policy, we’ve rated the Best Cheap Car Insurance for Young Adults.
Top 5 Cheapest Car Insurance Companies for Young Adults
- USAA: Best for military community members, offering low rates and excellent customer service.
- Geico: Competitive rates for non-military members, tied for third in the best auto insurance companies ranking.
- State Farm: Affordable rates for young adults, ranked second among best auto insurance companies.
- Travelers: Tied for sixth place in the best auto insurance companies ranking, offers relatively low rates for young adult drivers.
- American Family: Tenth in the best car insurance companies ranking, offers competitive rates for some young adult drivers.
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Best Rates for Young Adults
For the Military Community: USAA
USAA offers the cheapest rates for young adults, specifically for members of the U.S. military, pre-commissioned officers, veterans, and their families. Female drivers can expect to pay an average of $1,219 per year, while male drivers will pay an average of $1,280 annually.
For Non-Military Members: Geico
For drivers without military connections, Geico offers the lowest rates. Female drivers can expect an average annual rate of $1,346, while male drivers will pay an average of $1,357.
| Companies | Single 17-year old female | Single 17-year old male | Single 25-year old female | Single 25-year old male |
|---|---|---|---|---|
| Allstate | $774 | $887 | $285 | $298 |
| American Family | $500 | $678 | $191 | $225 |
| Farmers | $710 | $762 | $246 | $253 |
| Geico | $430 | $523 | $198 | $189 |
| Liberty Mutual | $968 | $1,143 | $330 | $375 |
| Nationwide | $479 | $598 | $224 | $241 |
| Progressive | $723 | $802 | $225 | $230 |
| State Farm | $496 | $610 | $195 | $213 |
| Travelers | $776 | $1,071 | $194 | $208 |
| USAA | $401 | $449 | $166 | $177 |
*Please note that individual rates may vary based on various factors.
Car Insurance Discounts for Young Adults
While some discounts, such as a good student car insurance discount, may no longer be available in young adulthood, there are still ways to save on car insurance:
- Bundling policies: Combining car insurance with renters or homeowners coverage can result in a multi-policy discount.
- Membership savings: Affinity discounts may be available through auto clubs, credit unions, employers, or alumni associations.
- Tracking devices: Usage-based premiums and driver behavior-monitoring devices can lead to low mileage and safe driver car insurance discounts.
| Companies | Claim Free Discont | Continuous Coverage Discount | Defensive Driver Discount | Driver's Ed Discount | Driving Device/App Discount | Early Signing Discount | Full Payment Discount | Good Credit Discount | Low Mileage Discount | Loyalty Discount | Married Discount | Multiple Policies Discount | Multiple Vehicles Discount | Occupation Discount | On Time Payments Discount | Online Shopper Discount | Paperless Documents Discount | Paperless/Auto Billing Discount | Safe Driver Discount | Students & Alumni Discount | Young Driver Discount |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21st Century | Yes | Yes | Yes | Yes | No | Yes | No | No | No | No | No | Yes | Yes | No | No | No | No | No | Yes | No | Yes |
| AAA | Yes | Yes | Yes | Yes | Yes | No | Yes | No | Yes | No | Yes | Yes | Yes | No | No | No | No | No | Yes | No | No |
| Allstate | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | No | No | Yes | No | Yes | Yes | No | Yes | Yes | Yes | No | No |
| American Family | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes | No | Yes | Yes | No | No | No | Yes | Yes | Yes | Yes | No |
| Ameriprise | Yes | No | Yes | No | No | No | Yes | No | No | Yes | No | Yes | Yes | No | No | No | No | No | Yes | No | No |
| Amica | Yes | Yes | Yes | Yes | No | No | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No | No | Yes | Yes | Yes | No | No |
| Country Financial | Yes | Yes | Yes | Yes | No | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No | No | No | No | Yes |
| Esurance | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | No | Yes | Yes | Yes | Yes | No | Yes | No | Yes | Yes | Yes | No |
| Farmers | Yes | Yes | Yes | Yes | No | Yes | Yes | No | Yes | No | No | Yes | Yes | Yes | No | No | Yes | Yes | Yes | No | No |
| Geico | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes | No | Yes | Yes | Yes | No | No | No | No | Yes | Yes | No |
| Liberty Mutual | Yes | No | Yes | Yes | Yes | No | Yes | No | Yes | No | Yes | Yes | Yes | Yes | No | No | No | Yes | No | Yes | Yes |
| MetLife | Yes | No | Yes | Yes | Yes | Yes | No | No | Yes | Yes | Yes | Yes | Yes | Yes | No | No | Yes | Yes | Yes | Yes | No |
| Nationwide | Yes | No | Yes | No | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | Yes | Yes | Yes | Yes | No |
| Progressive | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | Yes | Yes | Yes | Yes | No | Yes |
| Safe Auto | Yes | Yes | Yes | Yes | No | No | Yes | No | No | No | Yes | No | Yes | No | Yes | No | No | Yes | Yes | No | No |
| Safeco | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No | Yes | Yes | No | Yes |
| State Farm | Yes | No | Yes | Yes | Yes | No | No | Yes | Yes | No | Yes | Yes | Yes | No | No | No | No | Yes | Yes | No | No |
| The General | Yes | No | Yes | Yes | No | No | Yes | No | Yes | Yes | Yes | Yes | Yes | No | No | No | No | Yes | Yes | No | No |
| The Hanover | Yes | Yes | Yes | Yes | No | No | Yes | No | Yes | No | No | Yes | Yes | Yes | No | No | No | Yes | No | No | No |
| The Hartford | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes | No | No |
| Travelers | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes | No | No | Yes | Yes | Yes | Yes | No | No | Yes | Yes | No | No |
| USAA | Yes | No | Yes | Yes | Yes | Yes | No | No | Yes | Yes | Yes | Yes | Yes | No | No | No | No | Yes | Yes | No | Yes |
How Young Drivers Can Save on Car Insurance
- Choose the right car: Opt for vehicles with lower insurance rates, such as those with lower theft rates and repair costs.
- Review your coverage: Ensure you have the appropriate level of insurance coverage based on your individual needs and state requirements.
- Pick the right deductible: Select a deductible you can afford, considering your savings and emergency funds.
- Maintain a claim-free record: Avoid at-fault accidents and keep a clean driving history.
- Pay your bills on time: Maintain a good credit score by paying bills promptly and consistently.
- Drive safely: Avoid traffic violations and maintain a good driving record.
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Bringing It All Together: Securing Affordable Car Insurance for Young Adults
Young adults face higher car insurance rates due to their age and perceived risk. However, by understanding the factors that affect their premiums, they can take proactive steps to reduce their costs. To secure more affordable coverage, young drivers should maintain a clean driving record, choose the right vehicle, seek available discounts, and regularly compare quotes from different insurance providers. By doing so, they can ensure they are getting the best value for their car insurance needs while staying protected on the road.
Frequently Asked Questions
What factors affect car insurance rates for young adults?
Car insurance rates for young adults are affected by several factors, including age, gender, driving history, location, credit score, and the type of vehicle being insured. Insurers consider young drivers to be at a higher risk of accidents, resulting in higher premiums for this age group.
How can young drivers lower their car insurance premiums?
Young drivers can lower their car insurance premiums by taking advantage of discounts, choosing the right car, reviewing their coverage, maintaining a clean driving record, and keeping a good credit score. Bundling policies, joining affinity groups, and using tracking devices can also result in discounts.
Can I still qualify for a good student discount as a young adult?
Good student discounts typically apply to high school and college students, usually up to age 25. However, eligibility requirements vary by insurer, so it’s best to check with your insurance provider to see if you still qualify.
Is it better for young adults to be on their parents’ insurance or have their own policy?
In many cases, it can be more cost-effective for young adults to be added to their parents’ car insurance policy rather than having their own separate policy. However, this depends on factors such as the young driver’s driving record, the type of vehicle they drive, and their parents’ insurance provider. It’s best to compare quotes for both options to determine the most affordable solution.
How often should I compare car insurance quotes as a young adult?
It’s a good idea to compare car insurance quotes at least once a year, or whenever there is a significant change in your life that could impact your insurance rates, such as moving to a new location, buying a new car, or experiencing a change in your driving record. Regularly comparing quotes can help you ensure you’re getting the best possible rates and coverage for your needs.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ...
Licensed Agent & Financial Advisor
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.