Drivers aged 22 years old have more experience driving since their teens and will probably pay less for car insurance. Rates for 22-year old drivers are usually higher than those for drivers 25 and older. Young adult drivers may find it helpful to know what your premium is and what you can do about keeping your costs down. Bankrate’s research shows that 22-year-olds have an average premium by gender, state, and company. This could help you to take control of your car insurance.
What is the cost of car insurance for a 22 year-old?
The average full coverage car insurance premium for a 22-year-old driver on their own policy is $2,745 per year, which works out to $228 per month. Your auto insurance rates may decrease as you get more experience behind the wheel.
Most insurance companies consider drivers under 25 to be inexperienced and charge them a higher premium to cover this risk. The premium you pay will decrease the older you become, provided you can maintain a clean driving record.
Average car insurance cost for males and women aged 22 years
Insurance companies use a variety of factors to determine your premium. Statistically, men are seen as riskier drivers by insurers. Men are more likely to get into more and worse accidents than women, as well as generally engaging in more risky driving behaviors, like speeding or not wearing a seatbelt. These driving habits are often a reason why insurance companies charge men more.
Some states prohibit insurance companies from using gender in calculating premiums. However, in most parts of the United States, your gender will not affect how much insurance you pay.
Average car insurance costs for 22-year olds by state
Insurance rates can vary from one state to the next. Knowing both the average national premium for your age group and your state’s average is helpful for comparison purposes. Different laws regarding insurance can also mean that different states, and even different zip codes, have different rates of vehicle theft, collisions, and repair costs. These factors all contribute to the state-specific rates.
The best car insurance companies for 22 year-olds
There are many car insurance companies that offer different rates. Not only do they differ in their rates, but also in the policies offered and the discounts. Bankrate’s insurance editorial team reviewed the largest car insurance carriers by market share in the nation. Comparing quotes from these providers can give you an idea about how rates differ depending on your situation if you’re looking for car insurance.
USAA
USAA is well-known for its competitive premiums, high-quality customer services and excellent customer service. However, the company sells insurance only to military personnel and their families. USAA has a few benefits for those who qualify. USAA offers many discounts including low premiums and discounts for safe driving, good students, annual mileage, and purchasing a new vehicle.
Geico
Geico has the lowest average rates in the industry, and also offers one of the longest discounts lists. Discounts for 22-year-olds, including those available to military and federal employees and students, may help you save even more money.
State Farm
State Farm might appeal to drivers aged 22 who value local agents. There are more than 19,000 agents across the country, so it is likely that you will find a local agent. You might be able to lower your premium further with the company’s Steer Clear safe driving program, or by being a good student. State Farm offers a variety of insurance products if you want to increase your financial protection. They also offer additional banking services.
American Family
AmFam, also known as American Family, is the most expensive of the insurance companies on our list. However, its average premium for 22-year olds is still lower than the national average. There are some discounts offered by the company that can help you save. These include a discount for young volunteers and a discount for generations. This discount may also be available if you have parents who are AmFam insured. You can customize your policy by adding optional coverages such as gap coverage and accidental death and dismemberment coverage.
Car insurance at the lowest price for 22-year olds
Many 22-year olds are just starting out and setting up their own lives. 22-year olds may have to stick to a tight budget for rent, mortgage, student loan payments, car loans, and utility bills. These average rates are lower than the average rate for 22-year olds and make them the most affordable car insurance companies.
Remember that insurance premiums for car insurance are personal. The price you pay will depend on your individual rating factors. Your vehicle choice, coverage level, and driving record will all impact your premium. You might end up paying more or less than the average premium.
How to get car insurance at a discount for 22-year olds
Car insurance for 22-year olds may seem more expensive than for older drivers. However, there are many ways to lower your premium.
Keep a clean driving record
Avoiding traffic violations and at-fault accidents is one of the best ways you can keep your insurance premiums low. Your premium will likely rise if you have more tickets and accidents. Safe driving habits can not only keep you and your passengers safe but it can also lower your auto insurance premiums. This practice is further encouraged by the fact that some insurers offer discounts for safe driving habits.
Get good grades
Insurance companies often offer discounts to teens and young adults who have excellent grades in high school and/or are full-time students at college. To receive this discount, you will need to show your insurance company a current grade card. Each company has its own requirements so make sure you ask your insurance company.
You can go to college without a car
You may be eligible for a discount on your auto policy if your car is left behind as a college student. To qualify for the discount, most companies will dictate how far you have to travel from your home. To qualify, you might need to go to school at least 100 miles away from your home.
How to get the best car coverage for a 22 year old
As a 22-year old, it is important to understand the factors that impact your car insurance. This will help you find the right insurance for you. You can save money by shopping around, taking advantage discounts and learning safe driving techniques to help you find and keep a low premium. A licensed agent can help you decide the right coverages for you. This will help you find the right balance between insurance protection and your budget.
Questions frequently asked
Which is the best auto insurance company?
The best insurance company will depend on each specific driver and their needs. Every driver has their own set of car insurance considerations and factors, so no single company is the best. It is therefore important to understand what is important to you in regards to car insurance companies. This is also why you should get quotes from multiple insurance providers.
Can a 22 year-old be added as an insured to the parents’ policy?
Insurance companies might request that the 22-year old driver be added to their parent’s policy if they still live in the same household. Students who are away from home while at college or live on campus are still considered part of the same household if they have the same permanent address as their parents. If the 22-year old driver moves out of the household of their parents, they will need to purchase their own car insurance.
What does the type of car I drive affect my insurance rates?
Insurance rates are affected by the car you drive. In calculating your premium, factors such as the make, year, value, and model of your vehicle could all be considered. Businesses might also take into account the likelihood of your vehicle being stolen, as well as the cost of repairs.
What speed can I obtain car insurance?
You can usually get car insurance as soon as you receive a quote if you have all the information required. Although many companies offer online applications and quotes, you might need to visit an agency or call the company in certain cases. It will take a company or agency a certain amount of time to provide a quote and determine how fast they can get it done.
