Age Is the #1 Price Factor for Car Insurance
Your age affects your rate more than almost anything else—because it correlates with accident risk. Teen drivers pay the highest premiums, with costs dropping in your 30s and remaining stable until age 65.
Average Rates by Age (Annual Costs)
| Age Group | Average Rate | Relative Cost |
|---|---|---|
| 16-19 (Teen) | $3,200 | 3.2x baseline |
| 20-24 (Young) | $1,850 | 1.9x baseline |
| 25-34 (Adult) | $1,050 | Baseline |
| 35-49 (Mid-age) | $1,025 | 0.98x baseline |
| 50-64 (Mature) | $1,075 | 1.02x baseline |
| 65+ (Senior) | $1,150 | 1.10x baseline |
Teen Driver Insurance: What Parents Pay
Parents adding a 16-year-old to their policy typically see rates increase 40-100%. Some insurance companies (like Lemonade and Progressive) offer teen discounts for good grades or driver education courses. See our full teen driver insurance cost guide for carrier-by-carrier rate comparisons and the top discounts available.
Save on Teen Driver Insurance
Compare rates designed for young drivers:
Progressive Teen Rates Lemonade Teen RatesNo matter your age, there are proven ways to cut your premium. See 12 strategies to lower your car insurance rate →