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Cheapest Car Insurance for 23-Year-Olds (2022)

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Why you can trust Insurify

Insurify is America's highest-rated insurance comparison platform. We partner with the nation's top insurance companies and are licensed as an agent in all 50 states. However, the insurance experts writing our content operate independently of our partners, and you can learn more about how we make money by viewing our advertising disclosures. Also check out reviews from over 3,000 satisfied customers, our data methodology, and our editorial standards.
Jennifer Pendell
Written by
Jennifer Pendell
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Written by
Jennifer Pendell
Insurance Writer
Jennifer Pendell is a personal finance expert. She specializes in breaking down dense subjects to make them easier for consumers to understand, with a particular interest in homeowners, renters, and auto insurance concepts. She studied at the University of Iowa.
Jackie Cohen
Edited by
Jackie Cohen
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Edited by
Jackie Cohen
Editorial Manager
Jackie Cohen is an editorial manager at Insurify specializing in property & casualty insurance educational content. She has years of experience analyzing insurance trends and helping consumers better understand their insurance coverage to make informed decisions about their finances.Jackie's work has been cited in USA Today, The Balance, and The Washington Times.

Updated June 15, 2022

Finding affordable auto insurance rates can be tough for 23-year-olds. They’re not teen drivers anymore, but they haven’t reached the typical drop in insurance premiums that an older driver can expect. Young drivers are still viewed as a risk by auto insurance companies and have a shorter driving history to prove themselves.

If you’re in this age group, paying more money every month than older drivers is nothing new to you. However, you can still save money and find cheap car insurance by comparing car insurance with Insurify. This easy-to-use tool simplifies the process of getting quotes from multiple insurance companies, making it easy and painless to find affordable insurance.

Quick Facts

  • The average cost of car insurance for 23-year-olds is about $240 per month.

  • 23-year-olds see the lowest rates in Ohio, Massachusetts, and Illinois.

  • The best way to find cheap car insurance is to compare quotes and apply any available discounts to your policy.

Cheapest Car Insurance Companies for 23-Year-Olds

When you think of car insurance companies, your mind may turn to the big insurers you’ve seen commercials for, such as GEICO, Allstate, State Farm, and USAA. However, those aren’t the only insurers out there. We found better average monthly costs from these five insurance companies.

Insurance CompanyCheapest Monthly Quote
National General$85
Travelers$93
Clearcover$102
Safeco$103
Dairyland$115
Liberty Mutual$120
SafeAuto$146
Bristol West$162
The General$188
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

See More: Cheap Car Insurance

Average Car Insurance Rates by Age and Gender

When you buy a car insurance policy, the cost of car insurance is determined largely by risk. The way insurance providers assess risk includes personal information about you, such as age and gender. Younger drivers pay more because they have a shorter driving history and tend to make riskier decisions behind the wheel.

Similarly, statistics show that male drivers tend to get into more accidents and traffic violations than female drivers, so they pay higher car insurance premiums, except in states that prohibit this practice. When analyzing car insurance rates by age, young drivers will always pay way more on average than their older counterparts, regardless of gender.

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How much does car insurance cost for 23-year-olds?

How much does car insurance for 23-year-olds cost?

Drivers in their early 20s see some of the highest monthly rates for car insurance. However, 23-year-olds can often qualify for discounts that make the cost a bit more manageable.

With age comes wisdom, freedom, and more affordable car insurance rates. While young adults pay more than older drivers, costs start to decrease for drivers in their twenties. Monthly rates can be as low as $85 for 23-year-old drivers. That cost will continue to fall with each passing birthday.

23-year-olds can find low car insurance quotes by shopping around between multiple insurance companies and looking for car insurance discounts that help lower premiums. Be sure to explore different discounts car insurance companies offer. Being eligible for a good student, bundling, or clean driving record discount could cut your monthly rates in half.

See More: Car Insurance Quotes

National General

National General specializes in insuring high-risk drivers, who have a hard time finding affordable coverage anywhere else. It also offered the cheapest car insurance we found, at $85 a month for a 23-year-old driver in Ohio. You can even get an SR-22 form from National General if you need one.

A few of the discounts that National General offers to 23-year-old drivers include:

  • Pay-in-full discount

  • Defensive driver course discount

  • Low mileage discount

  • Electronic billing discount

  • Auto-pay discount

Travelers

One of the biggest insurers nationwide, Travelers is a leader in the car insurance space. It has lots of different policy options to choose from, so you can get a plan that just meets your state minimum requirements or more comprehensive or full coverage that includes collision coverage, property damage, and higher limits.

A few of the discounts that Travelers offers to 23-year-old drivers include:

  • EFT, pay in full, good payer discounts

  • Multi-car discount

  • Continuous insurance discount

  • Good student discount

  • Affinity membership discounts

  • Safe driver discount

  • Defensive driver discount

Mile Auto

Mile Auto is an innovative insurer that offers pay-per-mile insurance. Rather than install a tracking device to track your mileage, customers simply send in a photo of their odometer once a month and are charged accordingly.

Mile Auto does not offer additional discounts, but if you don’t drive much, you stand to save quite a bit of money.

Clearcover

Clearcover is renowned for its top-notch digital experience. It’s extremely easy to manage your account from your phone, from filing a quote to paying your bill. Available in 15 states, it’s ideal for rideshare drivers or anyone who prefers interacting with their insurance company through an app rather than talking to an insurance agent.

Clearcover doesn’t publicize its car insurance discounts; it uses the same criteria other insurers do to set your rate, but you won’t see the criteria that go into it.

Safeco

Safeco is a subsidiary of Liberty Mutual, an insurance giant. It’s sold exclusively through independent agents and offers many options to customize your policy. It also rewards safe drivers with things like accident forgiveness, a diminishing deductible, and a partial refund of your policy premium for remaining accident-free.

A few of the discounts that Safeco offers to 23-year-old drivers include:

  • Bundling discounts

  • Safe driver discount

  • Defensive driving discount

  • Low-mileage discount

  • Anti-theft device discount

  • Accident forgiveness

See More: Best Car Insurance Companies

Best Auto Insurance Discounts for 23-Year-Olds

Do you qualify for discounts on your car insurance? Most insurers offer discounts of some kind, and they can be an easy way to lower your premiums. Here are some of the most common discounts that 23-year-olds qualify for.

Discount for 23-Year-OldsHow to Get ItCompanies That Offer It
Good Student DiscountMaintaining a B average in collegeState Farm, Progressive, GEICO, Allstate, Farmers, Nationwide, AAA, Travelers, USAA, others
Distant Student DiscountLeaving your car at home while you’re away at collegeProgressive, Allstate, Farmers, GEICO, State Farm
Safe Driver DiscountNot getting into accidents for a certain period of time (usually three to five years)Travelers, Safeco, most other insurers
Bundling DiscountBuying your car insurance at the same place you get renters insurance or other policiesNearly all major insurers offer a bundling discount

Tips for Cheaper Car Insurance

Need to lower your premiums even further? There are lots of things you can do to secure lower premiums. Try these strategies to discover lower costs for car insurance.

Shop Around for Car Insurance

If you’re trying to lower your car insurance costs, one of the best things you can do for yourself is to compare auto insurance quotes from different insurance companies. Insurify simplifies the process by bringing together many top insurers with its easy-to-use tool. Just put in some information about yourself, your car, and your driving history to see how much you could save.

See More: Best and Worst Sites to Compare Car Insurance

Remain on Your Parents’ Policy

Staying on your parents’ car insurance policy can save you all kinds of money. That’s because they likely qualify for discounts that you don’t, which lowers the cost for everyone. Your parents may be eligible for things like homeowners discounts and bundling discounts for buying home or life insurance from the same company.

Drive an Older, Safer Car

Older cars are cheaper to insure because they’re cheaper to replace than new cars. You may also qualify for discounts if your car has certain safety features installed.

Select a High-Deductible Plan

The higher your deductible is, the lower your premiums will be. That’s because you’re essentially telling your insurance company that you’ll take on a larger share of your car’s replacement or repair costs if you get in an accident. Selecting a higher deductible can help you save on car insurance costs

Keep a Clean Driving Record

Driving safely is the easiest way to keep your car insurance costs low. If you can prove you’re a low risk to insure, then insurance companies will reward you with low premiums. Drivers with a clean driving record benefit from the lowest car insurance rates.

Maintain a Good Credit Score

Having a high credit score can get you all kinds of discounts in life, from lower interest rates on loans to cheaper car insurance. Insurance companies believe people with good credit histories are lower-risk drivers and will adjust rates accordingly.

Take Advantage of Discounts

Cash in on all the car insurance discounts you might be eligible for. Some might include:

Cheapest States for Car Insurance for 23-Year-Olds

23-year-old drivers who live in the following states can enjoy the low car insurance rates that come with their location:

StateInsurance CompanyCheapest Monthly Premium
OhioNational General$85
MassachusettsTravelers$93
IllinoisMile Auto$95
IndianaClearcover$102
IowaSafeco$103
WisconsinClearcover$104
NebraskaTravelers$105
UtahClearcover$107
MississippiNational General$108
IdahoDairyland$115
MaineLiberty Mutual$120
PennsylvaniaTravelers$128
Disclaimer: actual quotes may vary based on the policyholder's unique driver profile.

The Best Way to Compare and Get Cheaper Car Insurance

It is possible to find affordable car insurance as a 23-year-old. It starts with getting quotes from several insurers to make sure you’re getting the best rate possible. Insurify helps make the process simple.

By providing a central marketplace to review and compare auto insurance quotes simultaneously, Insurify makes it easy to see which plans offer the coverage you need.

Frequently Asked Questions

  • We found car insurance as cheap as $85 a month for a 23-year-old, so it’s definitely possible to find affordable insurance at age 23. The cost for your policy specifically depends on many things, including your age and gender.

  • You can find affordable car insurance by comparing quotes from lots of different insurers. Try exploring your options with Insurify, which helps you compare car insurance rates from multiple insurers to make sure you’re getting the best rate possible.

  • When you’re 23, you have a short driving history. Insurance companies don’t quite know if they can trust you with low rates yet. Being a safe driver and avoiding accidents and traffic violations prove that you’re not a risky driver and can be trusted with low rates.

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  • Data scientists at Insurify analyzed over 40 million auto insurance rates across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. With these insights, Insurify is able to offer drivers insight into how their car insurance premiums are priced by companies.

Jennifer Pendell
Written by
Jennifer Pendell

Insurance Writer

Jennifer Pendell is a personal finance expert. She specializes in breaking down dense subjects to make them easier for consumers to understand, with a particular interest in homeowners, renters, and auto insurance concepts. She studied at the University of Iowa.

Learn More
Jackie Cohen
Edited by
Jackie Cohen
Linkedin

Editorial Manager

Photo of an Insurify author
Edited by
Jackie Cohen
Editorial Manager
Jackie Cohen is an editorial manager at Insurify specializing in property & casualty insurance educational content. She has years of experience analyzing insurance trends and helping consumers better understand their insurance coverage to make informed decisions about their finances.Jackie's work has been cited in USA Today, The Balance, and The Washington Times.