Services
Insurance
Loans
Repairs
Advice
About

How much is car insurance for a 20-year-old?

I just started college and I’m thinking of buying my first car. The problem is, I heard the insurance rates for young drivers can be murder. How much will I pay for car insurance as a 20-year-old?

avatar
Joshua Levy · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to say you heard correctly. Until you turn 25, you'll pay the highest insurance rates of your life—assuming you don’t rack up multiple traffic tickets.
The cost of
car insurance for college students
is approximately 46% higher than the
national average
. For a full coverage car insurance policy, that’s about $2,440 per year or $203 per month. For a minimal, liability insurance-only policy, that’s about $2,320 per year or $195 per month. These costs could be even higher if you opt for a standalone policy rather than asking your parents to
add you to their car insurance
.
The good news is that as soon as you lock in your coverage and start making payments, your rates will decline. You can help them along and
lower your car insurance premiums
by:
Crunch the numbers, do your homework, and if you decide to get a car, buy one with high safety ratings and excellent driver assistance technology. With some effort, this could start a long and rewarding driving career for you!
MORE: How to get cheap car insurance for young drivers
View full answer 
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings