Auto Insurance For 21 Year Old

Type of coverage being sought.

Auto insurance for 21 year old.

A typical car insurance policy for a 21 year old that meets the state mandated liability coverage requirement will cost about 875 a year. Although a 21 year old is no longer a teen driver they re still considered a risky client to an insurance company. You will pay less to your parents paying the difference than you will for a policy on your own. The bottom line car insurance rates for a 21 year old.

Refer to the chart below to see average car insurance costs by age and state for full coverage. Age does not affect the types of coverage young drivers can obtain for their vehicle although it is one of the factors taken into account for premium costs. Enter your state in the search box to see what you can expect to pay. Car insurance for young drivers is expensive as you ll see in the table below but you can still save by putting the teen on your policy rather than getting him or her their.

However this amount can vary greatly depending on the. The national average cost for car insurance for 6 months for a 21 year old is 1199. With that freedom sometimes comes the grown up responsibility of car insurance. So if your car is totaled in a covered collision the maximum amount your insurer would pay you to help replace it is the car s depreciated value.

The cost of full coverage car insurance usually decreases with age and just a few years can result in widely different annual premiums for young drivers. On the other hand. Young drivers may wonder can i get good car insurance if i m under 25 the answer is yes. As long as the child lives at home however be they 16 18 21 or 60 she can remain on a parent s insurance plan.

A standard car insurance policy may include comprehensive coverage or collision coverage with limits based on the car s depreciated value its actual cash value. The average 21 year old pays 4 453 per year in insurance premiums which is 2 747 less than the average 18 year old at almost 7 200. Average car insurance rates by age and state. If you can stay on your parent s policy as long as possible to save money on car insurance.

Value of the vehicle. The price of car insurance for a 21 year old. The freedom to get behind the wheel of a car and drive yourself wherever you want to go with no need for mom or dad to serve as chauffeur. Car insurance for an 18 year old.

On average a car insurance policy for a 21 year old driver will cost 1 584 about 850 more than the national average. Car insurance for a 17 year old.