How much does car insurance normally cost for a 20-year-old? I'm thinking about buying my first car, but I want to get a better idea of how much everything will cost first.
Reviewed by Shannon Martin, Licensed Insurance Agent.
On average, car insurance for 20-year-olds costs about $232 a month, or $1,392 for six months.
While teen drivers might face even higher rates, drivers in their early 20s will always cost more to insure than older drivers.
Typically, your insurance rate will start to drop when you turn 25, but you’ll be stuck with a higher base rate until then. That being said, here are a few steps you can take to lower your monthly premium:
. A licensed broker, the Jerry app will help you gather and compare competitive quotes from top insurance companies. If you’d like, Jerry can even help you buy a new plan and cancel your old policy!
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