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

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.

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.

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.

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.

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.

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.

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.

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

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:

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: