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January 4, 2021

How young drivers can steer clear of costly car insurance

  • Drivers ages 20 to 24 are involved in more crashes than any other age group besides teens.
    • By KAYDA NORMAN
    NerdWallet

    Insurance costs for drivers in their early 20s can be staggering — after teenagers, young adults have some of the highest car insurance rates in the country.

    In fact, the average car insurance rate for drivers 20 to 25 years old is about $2,200 a year for full coverage, according to a 2020 NerdWallet analysis of the top five insurers in the nation. That's about $700 more per year than the average rate for a 40-year-old driver.


     
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