Progressive provides the most affordable option for 23-year-olds with rates starting at just $86 monthly, while Nationwide comes in second at $96 per month. GEICO, Allstate and State Farm are also good, cheap options for budget-conscious young drivers.
Cheapest Car Insurance for 23-Year-Olds
Updated: July 9, 2025
Advertising & Editorial Disclosure
Key Takeaways
GEICO, State Farm, Progressive, Allstate and Nationwide emerge as the top five most affordable car insurance providers for 23-year-olds across all coverage levels.
Monthly car insurance costs for 23-year-old drivers begin at $84 for minimum coverage and $184 for full coverage nationally, though some states offer rates as low as $68 per month.
Male drivers pay more for minimum coverage than females, demonstrating that gender-based rate differences persist even as drivers mature.
Best Cheap Car Insurance for 23-Year-Olds
| Progressive | $86 | $1,037 |
| Nationwide | $96 | $1,147 |
| GEICO | $130 | $1,564 |
| Allstate | $152 | $1,828 |
| State Farm | $163 | $1,961 |
Rates are for a family policy for both male and female drivers with clean records and good credit insuring a 2012 Toyota Camry with minimum liability coverage.
Cheapest Minimum Liability Car Insurance for 23-Year-Olds
GEICO provides the most affordable minimum liability car insurance for 23-year-olds at $84 per month, with State Farm offering competitive rates at $113 monthly. Young drivers at 23 can also secure quality coverage at reasonable prices through Progressive, Allstate and Nationwide.
| GEICO | $84 | $1,004 |
| State Farm | $113 | $1,362 |
| Progressive | $142 | $1,707 |
| Allstate | $144 | $1,728 |
| Nationwide | $155 | $1,865 |
Rates are for a family policy for both male and female drivers with clean records and good credit insuring a 2012 Toyota Camry.
Cheapest Full Coverage Car Insurance for 23-Year-Olds
For low-cost comprehensive coverage, GEICO leads with the lowest rates for 23-year-old drivers at $184 monthly, delivering significant savings without compromising on protection. State Farm follows as second choice at $236 per month with extensive agent support.
Young adults seeking full coverage can also find competitive options through Allstate, Nationwide and Progressive, though regional insurers may provide even better value where available.
| GEICO | $184 | $2,210 |
| State Farm | $236 | $2,836 |
| Progressive | $282 | $3,389 |
| Allstate | $284 | $3,410 |
| Nationwide | $298 | $3,575 |
Rates are for a family policy for both male and female drivers with clean records and good credit insuring a 2012 Toyota Camry.
Cheapest Car Insurance for 23-Year-Olds by State
Car insurance premiums for 23-year-olds on family policies vary with average monthly costs ranging from as low as $51 to as high as $217. GEICO is the most affordable provider in 39 states, while State Farm and Progressive offer the best rates in the remaining markets. Here's a comprehensive breakdown of the lowest-cost insurers for 23-year-olds in each state.
| Alabama | GEICO | $105 | $1,257 | $50 |
| Alaska | GEICO | $76 | $908 | $56 |
| Arizona | GEICO | $139 | $1,664 | $47 |
| Arkansas | GEICO | $104 | $1,249 | $47 |
| California | GEICO | $107 | $1,284 | $74 |
| Colorado | GEICO | $99 | $1,189 | $75 |
| Connecticut | GEICO | $116 | $1,393 | $129 |
| Delaware | GEICO | $144 | $1,729 | $81 |
| District of Columbia | Allstate | $195 | $2,339 | $35 |
| Florida | State Farm | $217 | $2,610 | $116 |
| Georgia | GEICO | $167 | $2,008 | $50 |
| Hawaii | GEICO | $51 | $617 | $24 |
| Idaho | GEICO | $61 | $727 | $39 |
| Illinois | GEICO | $101 | $1,207 | $62 |
| Indiana | GEICO | $73 | $873 | $29 |
| Iowa | GEICO | $84 | $1,005 | $17 |
| Kansas | GEICO | $95 | $1,134 | $48 |
| Kentucky | State Farm | $149 | $1,783 | $31 |
| Louisiana | GEICO | $216 | $2,596 | $159 |
| Maine | GEICO | $74 | $893 | $24 |
| Maryland | GEICO | $139 | $1,664 | $84 |
| Massachusetts | GEICO | $125 | $1,506 | $52 |
| Michigan | GEICO | $108 | $1,297 | $104 |
| Minnesota | State Farm | $132 | $1,588 | $35 |
| Mississippi | Progressive | $136 | $1,628 | $16 |
| Missouri | GEICO | $100 | $1,199 | $86 |
| Montana | State Farm | $62 | $738 | $56 |
| Nebraska | GEICO | $85 | $1,018 | $46 |
| Nevada | GEICO | $208 | $2,498 | $98 |
| New Hampshire | GEICO | $77 | $928 | $35 |
| New Jersey | GEICO | $183 | $2,198 | $120 |
| New Mexico | GEICO | $106 | $1,275 | $33 |
| New York | Progressive | $126 | $1,513 | $79 |
| North Carolina | Progressive | $58 | $696 | $42 |
| North Dakota | GEICO | $73 | $872 | $26 |
| Ohio | GEICO | $94 | $1,124 | $26 |
| Oklahoma | GEICO | $103 | $1,239 | $38 |
| Oregon | GEICO | $120 | $1,444 | $33 |
| Pennsylvania | Nationwide | $166 | $1,992 | $52 |
| Rhode Island | State Farm | $126 | $1,507 | $80 |
| South Carolina | Allstate | $156 | $1,873 | $29 |
| South Dakota | Progressive | $54 | $650 | $46 |
| Tennessee | GEICO | $133 | $1,596 | $20 |
| Texas | State Farm | $132 | $1,578 | $58 |
| Utah | GEICO | $98 | $1,178 | $83 |
| Vermont | State Farm | $59 | $708 | $21 |
| Virginia | GEICO | $102 | $1,224 | $56 |
| Washington | Progressive | $151 | $1,811 | $10 |
| West Virginia | GEICO | $122 | $1,469 | $24 |
| Wisconsin | GEICO | $61 | $732 | $67 |
| Wyoming | GEICO | $71 | $855 | $16 |
Rates are for male and female drivers with clean driving records and good credit insuring a 2012 Toyota Camry with minimum coverage.
Cheapest Car Insurance for 23-Year-Olds by Gender
Because of their higher accident risk, 23-year-old male drivers generally face higher insurance premiums than females. Below, we show the most cost-effective national insurance providers for both men and women in this age group.
Cheapest Car Insurance for 23-Year-Old Female Drivers
For women age 23 shopping for basic liability coverage, GEICO leads with $86 monthly premiums across the country. You'll pay considerably more with Progressive ($144 monthly) and other well-known insurance companies.
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Coverage Level:State Minimum Liability Only
| GEICO | $86 | $1,029 |
| State Farm | $108 | $1,294 |
| Allstate | $143 | $1,716 |
| Progressive | $144 | $1,722 |
| Nationwide | $153 | $1,834 |
Rates are for female drivers with clean driving records and good credit insuring a 2012 Toyota Camry.
Cheapest Car Insurance for 23-Year-Old Male Drivers
GEICO delivers the cheapest car insurance rates for 23-year-old male drivers at just $82 monthly for minimum liability coverage, while State Farm averages $119 per month and Nationwide $158 per month. Young men can save nearly $76 per month by choosing GEICO over higher-priced alternatives, adding up to substantial long-term savings.
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Coverage Level:State Minimum Liability Only
| GEICO | $82 | $979 |
| State Farm | $119 | $1,429 |
| Progressive | $141 | $1,691 |
| Allstate | $145 | $1,741 |
| Nationwide | $158 | $1,895 |
Rates are for male drivers with clean driving records and good credit insuring a 2012 Toyota Camry.
Cheapest Cars to Insure for 23-Year-Olds
The MINI Cooper leads at just $59 monthly compared to a Tesla Model X at $97 monthly. That's $456 in annual savings that could go toward an emergency fund or pay down student loans. Below are the cheapest cars to insure.
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Coverage Level:State Minimum
| MINI Cooper | $59 | $713 |
| MINI Electric | $62 | $738 |
| Subaru Outback | $62 | $739 |
| Subaru Forester | $63 | $756 |
| Ford Mustang Mach E | $65 | $784 |
| Honda Odyssey | $66 | $789 |
| Nissan 370Z | $66 | $792 |
| Volvo XC40 | $66 | $792 |
| Ford Mustang | $66 | $793 |
| Subaru Legacy | $66 | $794 |
| BMW 1 Series | $66 | $797 |
| VW ID.4 | $67 | $799 |
| Mazda CX-5 | $67 | $799 |
| Nissan GT-R | $67 | $800 |
| Mercedes C-Class | $67 | $801 |
| Toyota Sienna | $67 | $801 |
| Audi Q5 | $67 | $803 |
| BMW 4 Series | $67 | $804 |
| Audi A3 | $67 | $804 |
| Chevrolet Camaro SS | $67 | $804 |
| Chevrolet Camaro ZL1 | $67 | $807 |
| Subaru Impreza | $67 | $809 |
| Honda Passport | $67 | $809 |
| Honda Fit | $68 | $811 |
| Nissan 350Z | $68 | $813 |
| Honda Pilot | $68 | $813 |
| BMW I3 | $68 | $814 |
| Hyundai Kona | $68 | $814 |
| Subaru WRX | $68 | $814 |
| Honda CR-V | $68 | $817 |
| Honda Ridgeline | $68 | $819 |
| Audi E Tron | $68 | $820 |
| VW Beetle | $68 | $820 |
| VW Golf | $68 | $820 |
| Subaru BRZ | $69 | $822 |
| Kia Niro | $69 | $823 |
| Toyota Prius | $69 | $824 |
| Mercedes GLA 250 | $69 | $826 |
| Mercedes AMG C 63 | $69 | $826 |
| Toyota Tacoma | $69 | $828 |
| Mercedes CLA 250 | $69 | $830 |
| Audi Q7 | $69 | $831 |
| VW Tiguan | $69 | $832 |
| Tesla Model 3 | $69 | $832 |
| Toyota Highlander | $69 | $832 |
| Chevy Equinox | $69 | $834 |
| Nissan LEAF | $70 | $834 |
| Acura MDX | $70 | $834 |
| Ford Escape | $70 | $835 |
| Ford Mustang Ecoboost | $70 | $835 |
| BMW X3 | $70 | $836 |
| Honda HR-V | $70 | $838 |
| Jeep Gladiator | $70 | $842 |
| Honda Insight | $70 | $843 |
| Toyota RAV4 | $70 | $844 |
| Kia Soul | $70 | $845 |
| Ford F-150 | $70 | $845 |
| Audi A4 | $71 | $847 |
| Ford Expedition | $71 | $847 |
| BMW 5 Series | $71 | $849 |
| VW Passat | $71 | $849 |
| Dodge Grand Caravan | $71 | $850 |
| Kia Soul EV | $71 | $853 |
| BMW X5 | $71 | $853 |
| Toyota Camry | $71 | $855 |
| Ford Explorer | $71 | $857 |
| Honda Accord | $71 | $857 |
| Tesla Model Y | $71 | $858 |
| Toyota Tundra | $71 | $858 |
| Kia Stinger | $72 | $858 |
| Chevrolet Camaro | $72 | $860 |
| Nissan Frontier | $72 | $862 |
| BMW 3 Series | $72 | $862 |
| Nissan Rogue | $72 | $864 |
| Ford Taurus | $72 | $866 |
| Dodge Challenger SRT Hellcat | $72 | $867 |
| Chevy Silverado | $72 | $867 |
| Jeep Wrangler | $73 | $871 |
| Chevy Bolt | $73 | $873 |
| Chevy Tahoe | $73 | $874 |
| Mazda3 | $73 | $876 |
| Nissan Maxima | $73 | $876 |
| Dodge Journey | $73 | $877 |
| VW Jetta | $74 | $884 |
| Nissan Pathfinder | $74 | $885 |
| Toyota 86 | $74 | $891 |
| Ram Rebel | $74 | $892 |
| Honda Civic | $74 | $893 |
| Nissan Versa | $74 | $893 |
| Toyota Corolla | $74 | $893 |
| Hyundai Elantra | $75 | $898 |
| Dodge Challenger R/T | $75 | $898 |
| Hyundai Ioniq | $75 | $900 |
| Chevy Malibu | $75 | $901 |
| Nissan Altima | $75 | $906 |
| Nissan Juke | $76 | $909 |
| Ford Focus | $76 | $910 |
| Jeep Cherokee | $76 | $912 |
| Jeep Grand Cherokee | $76 | $913 |
| Ram 2500 | $77 | $927 |
| Jeep Patriot | $77 | $927 |
| Nissan Sentra | $78 | $930 |
| Chevrolet Cruze | $78 | $935 |
| BMW X7 | $79 | $951 |
| Dodge Challenger | $79 | $954 |
| Dodge Charger | $80 | $957 |
| Tesla Model S | $81 | $978 |
| BMW i8 | $82 | $983 |
| Audi R8 | $82 | $987 |
| Porsche Taycan | $89 | $1,067 |
| BMW 7 Series | $91 | $1,097 |
| Tesla Model X | $97 | $1,162 |
Rates are for drivers with clean driving records and good credit.
Cheapest Cars to Insure by Vehicle Type
Vehicle type significantly impacts insurance premiums for young drivers, with smart choices delivering both savings and practical benefits. Minivans offer the lowest rates at $68 monthly while providing excellent safety ratings and cargo space, compared to Sedans at $71 monthly, though sedans provide better fuel economy and style.
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Coverage Level:State Minimum
| Minivan | $68 | $814 |
| Luxury Compact | $68 | $814 |
| Luxury Compact SUV | $69 | $831 |
| Sports Car | $70 | $836 |
| Compact SUV | $70 | $837 |
| Luxury SUV | $70 | $841 |
| Compact | $71 | $851 |
| Sedan | $71 | $853 |
| Electric | $71 | $854 |
| Pickup Truck | $72 | $860 |
| SUV | $72 | $863 |
| Luxury Sedan | $72 | $865 |
| Luxury Sports Car | $80 | $959 |
| Luxury Electric | $83 | $999 |
Average Cost of Car Insurance for 23-Year-Olds
On average, annual car insurance costs for 23-year-olds are approximately $125 per month for minimum coverage and $253 for full coverage. Keep in mind that these averages apply to drivers with clean records and good credit. Your actual rate may differ based on your individual driver profile.
Car Insurance Cost for 23-Year-Olds by Coverage and Gender
Male 23-year-olds pay higher premiums than females due to statistical risk factors. For minimum liability coverage, females pay $125 monthly while males pay $127, just a $2 difference. The gap widens to $18 for full coverage, with females paying $293 compared to males $311 per month.
Data filtered by:Results filtered by:
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Coverage Level:100/300/100 Comp/Coll $1000 Deductible
| Female | $250 | $2,997 |
| Male | $258 | $3,100 |
Liability limits expressed above (e.g., 100/300/100) refer to bodily injury liability per person, bodily injury liability per accident and property damage liability per accident, respectively. Numbers expressed after these limits are deductible amounts for both collision and comprehensive coverage.
Average Cost of Car Insurance for 23-Year-Olds by State
State-based car insurance costs for 23-year-olds demonstrate large differences, with drivers in some states paying as low as $51 monthly while others face rates up to $217 per month. Factors such as local claim frequency, state minimum requirements and regional economic conditions contribute to these pricing disparities. The detailed breakdown by state below shows what you can expect to pay in your area.
| Alabama | $154 | $1,843 |
| Alaska | $155 | $1,856 |
| Arizona | $229 | $2,743 |
| Arkansas | $158 | $1,895 |
| California | $198 | $2,376 |
| Colorado | $211 | $2,534 |
| Connecticut | $300 | $3,594 |
| Delaware | $279 | $3,348 |
| District of Columbia | $204 | $2,453 |
| Florida | $387 | $4,646 |
| Georgia | $269 | $3,224 |
| Hawaii | $68 | $817 |
| Idaho | $110 | $1,315 |
| Illinois | $174 | $2,094 |
| Indiana | $131 | $1,574 |
| Iowa | $124 | $1,483 |
| Kansas | $163 | $1,951 |
| Kentucky | $222 | $2,664 |
| Louisiana | $395 | $4,734 |
| Maine | $109 | $1,302 |
| Maryland | $298 | $3,580 |
| Massachusetts | $217 | $2,604 |
| Michigan | $242 | $2,908 |
| Minnesota | $176 | $2,117 |
| Mississippi | $168 | $2,015 |
| Missouri | $227 | $2,721 |
| Montana | $143 | $1,714 |
| Nebraska | $167 | $2,005 |
| Nevada | $353 | $4,232 |
| New Hampshire | $145 | $1,736 |
| New Jersey | $328 | $3,940 |
| New Mexico | $166 | $1,986 |
| New York | $283 | $3,395 |
| North Carolina | $122 | $1,469 |
| North Dakota | $120 | $1,436 |
| Ohio | $142 | $1,700 |
| Oklahoma | $199 | $2,393 |
| Oregon | $195 | $2,335 |
| Pennsylvania | $253 | $3,040 |
| Rhode Island | $251 | $3,007 |
| South Carolina | $210 | $2,517 |
| South Dakota | $129 | $1,547 |
| Tennessee | $153 | $1,839 |
| Texas | $260 | $3,117 |
| Utah | $211 | $2,535 |
| Vermont | $102 | $1,222 |
| Virginia | $176 | $2,117 |
| Washington | $181 | $2,175 |
| West Virginia | $163 | $1,957 |
| Wisconsin | $139 | $1,674 |
| Wyoming | $91 | $1,089 |
Why Car Insurance Is Expensive for 23-Year-Olds
Car insurance for 23-year-olds remains relatively expensive because they are still classified as high-risk drivers. However, their premiums are generally lower than those for younger drivers.
Teen drivers, mainly those aged 16 to 19, are involved in accidents and violations at higher rates, with fatal crashes nearly three times more frequent than those of older drivers. Risky behaviors such as speeding, distracted driving, night driving and not wearing seat belts contribute to these elevated risks, especially for male drivers.
How to Save Money on Car Insurance for 23-Year-Olds
Twenty-three-year-old drivers typically encounter some of the highest car insurance premiums among older age groups. Fortunately, there are effective strategies that 23-year-olds and their families can use to lower these expenses. Below are our top tips for finding the most affordable coverage:
- 1
Stay on a parent's policy
Remaining on a parent's policy is a cost-effective way for 23-year-olds to save on car insurance, as it leverages the parent's established insurance history and multi-car discounts. Insurers generally permit 23-year-olds to stay on a family policy if they reside at home and use a family vehicle instead of owning their own.
- 2
Shop around as much as possible
Shopping around and comparing quotes from multiple auto insurance providers is one of the best ways to save on car insurance. According to MoneyGeek's research, premiums for teens can vary by as much as 30% between the cheapest and most expensive options.
- 3
Find discounts you qualify for
Twenty-three-year-olds may qualify for a variety of common car insurance discounts. These include student discounts, savings for completing driver education programs, and reductions through usage-based insurance plans, which can help lower premiums by up to 40%.
- 4
Choose a safe, older car
Choosing a cost-effective vehicle with a strong safety rating can help lower insurance premiums. These cars are typically less expensive to repair and are seen as lower risk by insurers, making them a smart choice for reducing costs.
- 5
Adjust your coverage amount
If you’re able to cover the cost of replacing your car on your own, opting for a liability-only auto insurance policy can be a budget-friendly option. Alternatively, if you prefer full coverage, raising your deductibles can help reduce your premium.
KEY CONSIDERATIONS WHEN SHOPPING: EXPERT TIP
Obtaining quotes from multiple insurance companies is a good idea to see which comes out as the best and cheapest for your specific profile. You also want to ensure the company has optional coverages that are good for a teen driver or any driver to have on their policy. They include roadside assistance and rental car coverage.
— Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Cheap Car Insurance for 23-Year-Olds: Bottom Line
Car insurance for 23-year-olds can be pricey, but there are ways for young drivers and their families to find more affordable options. Comparing quotes, staying on a family policy and taking advantage of discounts can help reduce costs. Nationwide, GEICO and State Farm are often among the most affordable providers for 23-year-olds, but shopping around is crucial to securing the best deal.
Car Insurance for 23-Year-Olds: FAQ
Finding affordable car insurance for 23-year-olds can be challenging due to the risk factors that contribute to higher premiums for this age group. To help, we’ve provided answers to some of the most frequently asked questions on this topic:
What is the cheapest car insurance for a 23-year-old?
GEICO is among the cheapest car insurance companies for 23-year-old drivers nationwide. Minimum coverage policies cost an average of $84 per month, while full coverage is around $184 per month when added to a family plan.
How much is car insurance for a 23-year-old per month?
For 23-year-olds, the average monthly premium is approximately $125 for minimum coverage and $253 for full coverage. However, costs vary widely by state, with monthly averages ranging from $40 to $213. These estimates assume drivers have clean records, good credit, and are included on a family policy.
Why is car insurance expensive for 23-year-old drivers?
Car insurance is expensive for 23-year-old drivers because they are still considered higher risk due to their limited driving experience. This increased risk of accidents leads insurers to charge higher premiums to cover potential claims and liabilities.
Is car insurance more expensive for 23-year-old males?
Yes, car insurance is generally more expensive for 23-year-old males. Statistically, males in this age group are more likely to be involved in accidents compared to females, leading insurers to charge higher premiums to offset the increased risk.
Auto Insurance for 23-Year-Olds: Our Methodology
MoneyGeek used a sample driver profile to determine national and state averages for car insurance for 23-year-old drivers. Using this information, we assist readers in selecting the best policy at the lowest price possible.
Data Sources and Depth
We collected data from each state's insurance department and Quadrant Information Services. The data consists of 4,284 price estimates from 100 different ZIP codes and six auto insurance providers.
Sample Driver Profile
MoneyGeek calculates yearly car insurance policy estimates based on a policyholder with the following characteristics:
- Toyota Camry LE
- Clean driving record
- 12,000 miles driven every year
To determine which companies provide the most affordable policies, MoneyGeek compared rates for 23-year-old drivers across different states. We made adjustments to this profile to reflect the differences in age, location and driving behavior.
Coverage Levels and Deductibles Explained
A deductible is the money you have to pay out of your own pocket before your insurance company will pay for your claim. Most drivers would benefit from purchasing full coverage vehicle insurance, which covers both collision and comprehensive damage.
For minimum liability coverages, we used state-required limits to judge which provider was most affordable.
For full coverage, we used 100/300/100 liability limits with a $1,000 deductible for comprehensive and collision coverage when researching the cheapest providers. Liability limits of 100/300/100 stand for:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
Learn more about MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- Centers for Disease Control and Prevention. "Teen Drivers and Passengers: Get the Facts." Accessed January 14, 2025.