How Much Is Car Insurance for 22-Year-Olds in 2024?

Car insurance for 22-year-olds costs an average of $394 annually for liability-only and $2,175 for full coverage.

Updated: November 21, 2024

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The average annual cost of car insurance for a 22-year-old driver on a full coverage family policy is around $2,175, about $1,121 more expensive than the average $1,054 paid annually by a 40-year-old driver.

Choosing the best car insurance for a 22-year-old involves balancing cost with quality coverage. Opting for higher deductibles, selecting a less expensive or pre-owned vehicle and being included on a parent's policy are effective strategies to reduce premiums.

However, we recommend prioritizing the most suitable coverage over simply seeking the cheapest option. This approach ensures better service and more comprehensive protection, catering specifically to the needs of a 22-year-old driver.

Cheapest CarInsurance for22-Year-Olds

2024

Table of Contents

Average Cost of Car Insurance for 22-Year-Olds by Coverage

Cheapest Car Insurance Companies for 22-Year-Olds - Nationwide

Individual Policy vs. Family Policy Cost Comparison

What Affects Car Insurance Costs for 22-Year-Olds

How to Find Cheap Car Insurance for 22-Year-Olds

FAQ About Car Insurance for 22-Year-Olds

Key Takeaways

The average cost of car insurance for 22-year-olds stands at approximately $2,175 per year under a family policy.

Nationwide offers the cheapest full coverage for 22-year-old male drivers at $1,604 annually. Meanwhile, GEICO provides the most affordable liability-only policy at $364 per year.

22-year-olds can prioritize comparing quotes from various insurers, maintaining a clean driving record and exploring available discounts to secure affordable coverage.

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These rates reflect the average cost of car insurance for 22-year-old drivers as of 2024.

Average Cost of Car Insurance for 22-Year-Olds by Coverage

The average cost of car insurance for 22-year-olds is:

For liability-only: $394 per year, $33 per month
For full coverage: $2,175 per year, $181 per month

When you opt for state minimum liability car insurance, you're getting coverage that helps pay for injuries and property damage you may cause in an accident. However, purchasing state minimum coverage can leave you vulnerable to a substantial financial loss from an at-fault accident.

22-year-old drivers seeking to balance affordability with sufficient coverage can consider factors like their vehicle's value, personal financial situation and the potential for higher costs in the event of an accident.


State Minimum Liability Only	$394	$33
100/300/100 Full Cov. w/$1,000 Ded.	$2,175	$181
300/500/300 Full Cov. w/$1,000 Ded.	$2,577	$215

Average Cost of Car Insurance for 22-Year-Olds by Gender

The average cost of car insurance for 22-year-olds varies significantly by gender:

For female drivers: $2,099 per year, $175 per month
For male drivers: $2,251 per year, $188 per month

Male drivers under 25 often pay more for the same coverage than their female counterparts.

Providers rate drivers based on their overall risk profile. With data showing that young male drivers are more likely to be involved in accidents and filing insurance claims, they typically pay higher premiums than female drivers of the same age.

Data filtered by:Results filtered by:

Coverage

Select

Coverage:100/300/100 Full Cov. w/$1,000 Ded.


Female	$2,099	$175
Male	$2,251	$188

Average Cost of Car Insurance for 22-Year-Olds by State

The top two states with the most expensive average car insurance rates for 22-year-old drivers on a family policy are Louisiana ($4,673 per year) and Florida ($3,843 per year). On the other hand, Idaho offers the cheapest rates at just $990 per year.

Where you live affects your premiums because insurers take into account local factors like accident rates, vehicle crime levels and weather risks. Areas with higher risks lead to higher premiums to cover potential claims, making location a significant driver of insurance costs.

Data filtered by:Results filtered by:

Gender

Select

Gender:Male


Alabama	$1,840	$153
Alaska	$1,640	$137
Arizona	$1,823	$152
Arkansas	$1,552	$129
California	$2,095	$175
Colorado	$2,125	$177
Connecticut	$1,828	$152
Delaware	$2,011	$168
District of Columbia	$1,978	$165
Florida	$3,843	$320
Georgia	$1,777	$148
Hawaii	$1,023	$85
Idaho	$990	$83
Illinois	$1,367	$114
Indiana	$1,277	$106
Iowa	$1,291	$108
Kansas	$1,552	$129
Kentucky	$1,790	$149
Louisiana	$4,673	$389
Maine	$1,254	$105
Maryland	$1,751	$146
Massachusetts	$1,324	$110
Michigan	$3,210	$268
Minnesota	$1,502	$125
Mississippi	$1,480	$123
Missouri	$2,071	$173
Montana	$1,714	$143
Nebraska	$1,701	$142
Nevada	$2,761	$230
New Hampshire	$1,226	$102
New Jersey	$2,841	$237
New Mexico	$1,796	$150
New York	$1,908	$159
North Carolina	$1,166	$97
North Dakota	$1,240	$103
Ohio	$1,968	$164
Oklahoma	$1,842	$154
Oregon	$1,503	$125
Pennsylvania	$1,688	$141
Rhode Island	$2,137	$178
South Carolina	$2,347	$196
South Dakota	$1,508	$126
Tennessee	$1,416	$118
Texas	$2,055	$171
Utah	$2,262	$188
Vermont	$1,092	$91
Virginia	$1,700	$142
Washington	$1,780	$148
West Virginia	$1,630	$136
Wisconsin	$1,339	$112
Wyoming	$1,419	$118

Why Car Insurance Is Expensive for 22-Year-Olds

Age is a crucial factor in car insurance costs due to risk assessment. Rates are typically higher for 22-year-olds because insurers view young drivers as relatively high-risk. However, rates generally decrease as drivers age and gain more experience. This decline is due to a combination of increased driving experience and a tendency to engage in safer driving practices, reducing the risk of accidents.

Teenagers pay the most for car insurance, with costs gradually decreasing as they reach their mid-20s. Drivers in their 50s often enjoy the lowest rates.

Cheapest Car Insurance Companies for 22-Year-Olds

The cheapest car insurance companies for 22-year-old male drivers with full coverage family policies are:

Nationwide: $1,604 per year, $134 per month
GEICO: $1,639 per year, $167 per month

Car insurance is typically more expensive for 22-year-olds due to a high risk of accidents. However, after age 25, accident risk declines while other rating factors become more significant in determining premiums. Differences in premiums between companies demonstrate how comparing quotes can result in significant consumer savings.

Data filtered by:Results filtered by:

Coverage

Select

Coverage:100/300/100 Full Cov. w/$1,000 Ded.


Nationwide	$1,604	$134
GEICO	$1,639	$137
Travelers	$1,743	$145
State Farm	$1,832	$153
Allstate	$1,909	$159
Progressive	$2,387	$199
Farmers	$2,676	$223

Average Cost of Car Insurance for 22-Year-Olds in an Individual Policy vs. Family Policy

The average cost of an individual full coverage policy for a 22-year-old is around $3,535 annually while being part of a family policy reduces this to approximately $2,175 per year. This considerable reduction in cost is a major benefit to young adults.

However, there are drawbacks, such as the potential increase in the family's overall premium in case of accidents or violations by the young driver.

Data filtered by:Results filtered by:

Coverage

Select

Coverage:100/300/100 Full Cov. w/$1,000 Ded.


$2,175	$3,535	$1,360

What Affects Car Insurance Costs for 22-Year-Olds

At 22, your driving history and credit record significantly determine your car insurance premium. We explore these and other factors below:

Driving history

A clean driving record with no accidents or traffic violations leads to lower rates, as it suggests responsible driving behavior and lower risk.

Type of vehicle

Insurance for high-performance or luxury cars is typically higher. Safer, modest vehicles often have lower premiums due to cheaper repair costs and better safety features.

Location

Premiums vary based on where the driver lives. Urban areas with higher traffic and vehicle theft rates generally see higher insurance costs compared to rural areas.

Credit score

A good credit history can indicate financial responsibility, leading to lower insurance rates, as insurers often correlate creditworthiness with responsible driving.

Gender

In many states, young male drivers pay more than female ones due to statistics demonstrating higher-risk behavior. However, this factor is diminishing, and some states have outright banned this practice.

Annual mileage

Lower annual mileage can reduce premiums, as less time on the road means a lower chance of accidents.

How to Find Cheap Car Insurance for 22-Year-Olds

Shopping around and driving a safer and older car can potentially save you hundreds of dollars on car insurance premiums. We have other tips for saving on insurance costs below:

Shop around

Research and compare quotes from multiple insurers to find the best rates. Prices can vary significantly between companies for the same coverage.

Choose a safe, affordable car

Opt for a vehicle that's cheaper to insure. Generally, safer, less expensive cars with good safety ratings have lower insurance costs.

Increase your deductible

Opting for a higher deductible can lower your monthly premiums. Ensure the deductible is affordable in case of a claim.

Look for discounts

Many insurers offer discounts for good students, students away at school, defensive driving courses and low mileage. Always inquire about available discounts.

Maintain a good credit score

A higher insurance-based credit score can lead to lower insurance rates. Pay bills on time and manage credit responsibly to improve your score.

Build a clean driving record

Over time, maintaining a clean driving record without accidents or traffic violations will significantly lower insurance rates.

Consider usage-based insurance

Enroll in a usage-based insurance program if you're a low-mileage or safe driver. These programs track driving behavior and can offer discounts for safe driving habits. State Farm offers a program, Steer Clear, specifically for drivers under 25.

How to Find the Best Car Insurance Coverage for 22-Year-Olds

The best coverage for a 22-year-old balances affordability and protection. If your premiums cost over 10% of the worth of your car, you’re likely paying too much for coverage. Consider the following tips:

Assess your risk factors

Consider factors like driving frequency, car theft and vandalism rates in the area and vehicle type. Understanding these can help determine the right level of coverage, especially for collision and comprehensive insurance.

Understand coverage types

Learn about different coverages such as liability, collision, comprehensive and uninsured motorist protection. Knowing what each covers will help you decide what's essential for your situation.

Consider policy add-ons

Look into additional coverages like accident forgiveness and personal injury protection. These can offer extra security in various scenarios.

Balance deductibles and premiums

Choose deductibles you can afford in case of a claim, but remember that higher deductibles can lower your premium.

Regularly review and update your policy

As your life changes, so do your insurance needs. Regularly update your policy to match your current circumstances and coverage requirements.

FAQ About Car Insurance for 22-Year-Olds

How much is car insurance for a 22-year-old?

For a 22-year-old, the cost of car insurance under a family policy is $2,175 per year or $181 per month for a full coverage policy. A liability-only policy is more affordable, at $394 annually or $33 monthly.

Why is my car insurance so high at age 22?

Your car insurance is likely high at 22 due to age-related risk factors. Insurers consider younger drivers, especially those under 25, at higher risk due to their limited driving experience and higher likelihood of accidents. Factors like your driving record, car type and location can also influence the rate. Consider shopping around for better rates, qualifying for discounts and maintaining a clean driving record to lower your premiums.

What is the cheapest car insurance provider for a 22-year-old?

The cheapest car insurance provider for a 22-year-old on a full coverage family policy is Nationwide, with an average annual rate of $1,604 or $134 per month. GEICO is the second cheapest option, offering an average rate of $1,639 per year or $137 per month.

How can a 22-year old stay on a family policy even while away at college?

As long as the family home is their permanent address, 22-year-olds are allowed to remain on their family's car insurance policy.

What states prohibit gender and credit history as rating factors?

Michigan, California, Hawaii, Pennsylvania, North Carolina and Massachusetts prohibit gender, while California, Hawaii, Massachusetts and Michigan prohibit credit history.

About Mark Fitzpatrick

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.

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