What is the average cost of insurance for a 21-year-old?

I'm 21 and I have to get car insurance for the first time. I was previously on my parent's policy. How much can I expect to spend?

Answer
“The cost of your car insurance is dependent on a variety of factors, including:
  • Age
  • Type of coverage
  • Driving history
  • Credit history
  • Address
  • Type of vehicle you drive
That said, the average nationwide rate for an annual car insurance policy for a 21-year-old is $1,584.
However, every company looks at the factors above and possibly more, meaning you could have a different rate than someone who is the same age as you. However, since you are a less experienced driver, you can expect to spend more than someone older, as insurers see you as more of a risk. As you gain more experience and stay continuously insured, your rates should decrease over time as well
To determine your cost, request car insurance quotes from several companies through the Jerry app. By doing this, you’ll be able to see an average of how much you’ll spend based on your own factors and coverage you need.”
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Emily Maracle
Answered on Sep 10, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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