How much is auto insurance for a 25-year-old male?
The average cost of car insurance for a 25-year-old is approximately $279 per month. This is $337 cheaper per month than the average 18-year-old. Young drivers pay disproportionately more for car insurance than older drivers.
Does male car insurance go down at 25?
In general, younger drivers tend to pay more for car insurance—but once you reach the age of 25, the cost of your insurance policy can drop. According to CarInsurance.com, the average annual premium for a 24-year-old male with full coverage is $2,273. At age 25, that average drops to $1,989, a decrease of about 12.5%.
Does car insurance come down at 25?
Car insurance does go down at 25. The average price of car insurance for a 25-year-old is $3,207 for an annual policy. By contrast, drivers pay an average of $7,179 at 18 and $4,453 at 21 — which demonstrates that car insurance does go down as you age.
Is car insurance more expensive if you’re under 25?
Age is one of the main factors that insurance companies consider when calculating a car insurance quote. And that means that they will cost less to insure, which means cheaper premiums. While car insurance rates have gone up for everyone, drivers under 25 are probably paying some of the highest rates out there.
How much cheaper is insurance after 25?
On average, you’ll find that the auto insurance premium will decrease by up to 20 percent for males when they turn 25. That figure is generally less for females and is usually between 12 percent and 15 percent.
How much does your insurance go down after 25?
At what age is car insurance cheapest?
Car insurance is significantly cheaper for older drivers. Drivers at around age 60 typically have the cheapest car insurance premiums, with a slight increase in premiums for drivers 70 years and older.
At what age does car insurance go down for males?
25
If you’re wondering what age car insurance goes down for male drivers, the answer is commonly 25. For the most part, female drivers pay less for car insurance than male drivers. This difference can be more pronounced among younger drivers than among drivers in their 30s and 40s.
What happens when you turn 25 insurance?
At 25, premium costs are reduced by many insurers. But there is no set schedule for when the cost of your policy will decrease. If you can maintain a clean driving record, you should be able to find a good rate on auto insurance.
What is the average cost for car insurance for a 25 year old?
$2,108 per year
The average full coverage car insurance premium for 25-year-olds is $2,108 per year, which is significantly more than the overall U.S. average annual full coverage premium of $1,674 per year. Minimum coverage costs an average of $615 per year for 25-year-olds, whereas the national average is $565 per year.
Does Geico insurance go down at 25?
Yes, car insurance goes down at 25 with Geico, since 25-year-olds are no longer considered as high-risk as younger drivers. Turning 25 years old saves drivers an average of 8.53% on a Geico policy, based on quotes for ZIP codes across the country.
How much should a 26 year old male pay for car insurance?
Monthly Car Insurance for 26-Year-Old by State
| State | Male | State Average |
|---|---|---|
| California | $134.00 | $127.00 |
| Colorado | $115.00 | $112.00 |
| Connecticut | $147.00 | $140.00 |
| District of Columbia | $162.00 | $134.00 |