Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Sep 29, 2020

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Here's what you need to know...

  • Most 24-year-olds pay more for car insurance than their older peers
  • It takes years of driving to become an experienced driver
  • All states require some form of car insurance coverage

It takes years to become a skillful driver. Good drivers combine knowledge of the rules of the road with driving expertise which is acquired by daily practice over an extended period of time.

Drivers with these accomplishments always have a lower likelihood of tickets and accidents.

There are many 24-year-old drivers who have mastered safe driving techniques but will continue to pay higher premiums briefly due to age.

Although 24-year-old drivers pay more for car insurance than 30-year-old drivers, some 24-year-old drivers pay considerably less than other 24-year-old drivers.

Start comparing car insurance rates now by using our FREE tool above! Enter your zip code to get started!

Table of Contents

Categories of 24-year-old Drivers

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Basic level coverage is the most popular level of car insurance for 24-year-old drivers whose vehicles are their most valuable asset.

This level of coverage is the same in every state.

  • Newly licensed 24-year-old drivers
  • Experienced 24-year-old drivers with bad habits evidenced by traffic violations or accidents
  • Experienced 24-year-old drivers with thorough knowledge of the rules of the road specific to the states they are licensed in combined with dedication to the high standards maintained by mature safe drivers

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Basic Level Coverage

Basic level coverage requires a $500.00 deductible payment.

There are many different levels of coverage available:

  • Up to $50,000 per person and $100,000.00 per accident for bodily injury or death
  • Up to $25,000 per accident for property damage
  • Up to $50,000 per person and $100,000.00 per accident for bodily injury or death caused by uninsured or under insured motorist
  • Up to $25,000 for property damage caused by an uninsured or underinsured motorist
  • $50 towing allowance

Basic level coverage requires a $500.00 deductible payment.

Real-Life Newly Licensed 24-year-old Drivers

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Steven is 24 and just passed the road test to be licensed to drive in Pennsylvania.

Pennsylvania is one of the mid-priced states for car insurance rates in the U.S.

About half of U.S. states have higher rates and about half enjoy lower rates.

In Lancaster, where Steven lives, basic level coverage is available to him and his 2007 Honda Civic for these monthly payments:

  • USAA – $85.00
  • Erie – $100.00
  • State Farm – $137.00
  • Nationwide  $137.00
  • Geico  $158.00
  • Allstate  $186.00
  • Progressive  $244.00
  • First Liberty  $252.00
  • Travelers  $514.00

Monthly payments for basic level coverage are available to a driver similar to Steven in Tucson Arizona, a low-priced state for car insurance at these monthly payments:

  • Geico – $63.00
  • State Farm – $104.00
  • USAA  $109.00
  • American Family – $120.00
  • Progressive – $159.00
  • Allstate  $194.00
  • Farmers  $202.00

If someone like Steven needed car insurance in a high-priced state such as Rhode Island, he or she would pay more. These are the basic level monthly payments for a newly licensed 24-year-old driver in Warwick:

These are the basic level monthly payments for a newly licensed 24-year-old driver in Warwick:

  • Geico  $132.00
  • Progressive – $195.00
  • Allstate  $291.00
  • Liberty Mutual  $438.00
  • Amica  $527.00
  • Travelers – $866.00

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Experienced 24-year-old driver with history of accidents or citations

Sarah has been licensed since her 16th birthday. She currently lives in Charlotte, North Carolina and grew up in Gastonia which is about 24 miles east of Charlotte.

North Carolina boasts some of the lowest car insurance rates in the nation.

Since Sarah became licensed, she has received 3 citations and is fortunate that there has been no injuries or death as a result of her carelessness.

Sarah got a citation for distracted driving when she was 17 because she was texting while driving. She received another distracted driving citation when she was 21, also for texting while driving.

Just before she completed 3 years of citation-free driving, she passed another driver by using a left-hand turn lane in view of a traffic officer and was issued another citation.

For her 2012 Ford Escape with extended level coverage, Sarah can get car insurance from these companies in Charlotte North Carolina for these monthly payments:

  • Nationwide – $133.00
  • Geico  $146.00
  • State Farm  $152.00
  • NC Farm Bureau  $155.00
  • Allstate  $156.00

If Sarah wanted the same insurance in Grand Rapids Michigan, her insurance in monthly payments would be one of these listed below:

  • Hanover  $297.00
  • AutoOwners Insurance  $314.00
  • Frankenmuth – $382.00
  • Progressive – $415.00
  • Allstate – $649.00
  • State Farm – $993.00
  • AAA – $1,068

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Experienced 24-year-old driver with good driving record

Ivy has been driving since her 16th birthday and has never had a moving violation nor been involved in a car accident as a licensed driver.

Her car is a 2013 Toyota Matrix, her first new car. Ivy lives in Sacramento, California, which is a mid-priced location for car insurance.

These are Ivy’s basic level coverage choices with monthly payments:

  • USAA – $102.00
  • Mercury – $130.00
  • Allstate – $138.00
  • 21st Century – $140.00
  • Geico  $145.00
  • State Farm  $188.00
  • AAA – $198.00
  • Liberty Mutual  $230.00
  • Mid-Century – $275.00

If Ivy lived in Boise, Idaho which is a low-priced region for car insurance, the very same coverage would be available with these monthly payments:

  • State Farm  $81.00
  • Geico  $84.00
  • American Family – $100.00
  • Allstate – $118.00
  • Farm Bureau – $120.00
  • Safeco  $124.00
  • Progressive  $157.00

Oklahoma is a high-priced state for car insurance. A woman with Ivy’s circumstance would have these monthly payment options in Tulsa for basic level coverage:

  • USAA – $123.00
  • State Farm  $127.00
  • Farmers  $157.00
  • Shelter Mutual – $169.00
  • Allstate – $170.00
  • Progressive  $225.00
  • Oklahoma Farm Bureau  $358.00

Once a licensed driver reaches the age of 25, car insurance rates become more affordable. Insurance companies make a lot of money on consumers who do not realize how wide-ranging prices are for similar coverage.

Start comparing car insurance rates now by entering your zip code in our FREE tool below!

References:

  1. https://www.courts.phila.gov/traffic/
  2. https://www.usaa.com/inet/ent_logon/Logon?redirectjsp=true
  3. https://www.statefarm.com/
  4. https://www.progressive.com/
  5. https://www.geico.com/
  6. http://www.ncdoi.com/_Publications/Consumer%20Guide%20to%20Automobile%20Insurance_CAU1.pdf
  7. https://www.insurance.ca.gov/01-consumers/105-type/1-auto/index.cfm