Call a licensed agent: 833-964-9663

The best car insurance for millennials in 2024

If you were born between the years 1981 and 1996, you’re part of the millennial generation. While data shows that millennials drive less than older generations, millennial vehicle owners are still required to carry car insurance, no matter how often they get behind the wheel.

If you’re a millennial shopping for car insurance, you can expect to pay $1,800-2,000 on average for your car insurance. Here’s what you need to know about types of insurance, the cost of coverage and how to save money on your policy.  

Millennial with rates

Why you can trust Rate Retriever

Our rates are based on public rate filings obtained by analytics company First Interpreter. While we may partner with some of the carriers you see on our site, we maintain editorial independence and it does not affect the rates you see. Read more about our rating methodology or see our rigorous editorial policy. 

Written by Alyssa DiCrasto

Reviewed by Rob Deming

Last updated: February 26th, 2024

How much is car insurance for 30-year-olds?

The average car insurance cost for 30-year-olds depends on a variety of factors. In addition to your age, your location, credit score, claim history, driving record, vehicle make and model and vehicle age can all impact your premium. Most 30-year-old drivers see their rates drop significantly from their early 20s. 

Remember that rates are personalized based on many unique factors. For example, if you have poor credit or drive an expensive sports car, you will probably pay more than average for your car insurance (regardless of your age).  

Here are the average rates by state for a 35-year-old male.

Annual rates for a male driving a 2023 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

What is the best car insurance company for 30-year-olds?

Different companies give different rates to different people. By age 30, your driving record, credit score, and homeownership may become more important factors to your car insurance company than your age alone. 

Here are the average rates for a 35-year-old at popular insurance companies that cover a large portion of the US. If you’re looking for a cheap policy, you can start your search with some of these companies; however, you should consider getting quotes from local companies as well. 

Company Average Annual Premium
USAA 1,457
Progressive 1,497
Nationwide 1,602
Geico 1,669
Auto-Owners Insurance 1,698
Travelers 1,818
State Farm 1,967
Farmers 2,476
Allstate 2,504

Annual rates for a male driving a 2023 RAV4, estimated using public rate filings sourced from First Interpreter. Rates do not represent actual quotes. Accurate as of January 2024. 

What are the types of car insurance for 30-year-olds drivers?

There are many different types of car insurance available. If you want good car insurance for millennials, it’s best to purchase multiple policies for the most protection. Keep in mind that in almost every state, a minimum amount of coverage is required. However, optional policies are often recommended. Here are some types of car insurance that can be beneficial for 30-year-old and 40-year-old drivers: 

  • Liability insurance: Liability insurance includes two parts—bodily injury and property damage coverage. If you cause an accident, your liability insurance compensates the other driver for their medical expenses if they get injured (bodily injury) and their vehicle repairs (property damage). A minimum amount of liability insurance is required in every state except New Hampshire and Virginia. 
  • Collision insurance: Collision insurance pays for your vehicle’s repairs after an accident you cause. It also covers accidents with stationary objects and rollovers. Collision coverage is optional and is usually purchased as part of a full coverage policy.


  • Comprehensive insurance: Comprehensive insurance is another optional policy that you get with full coverage car insurance. It pays for your vehicle’s repairs after a non-collision incident, such hail, fire or flood damage, as well as theft and vandalism.


  • Gap insurance: If your car is leased or financed, you should consider getting gap insurance. Should your car get totaled in a covered loss, gap insurance will pay the difference between the car’s diminished value and what you still owe.


  • Roadside assistance: Roadside assistance covers the cost of basic roadside repairs, like flat tire changes, fuel delivery, jumpstarts and battery replacements.


  • Accident forgiveness: In most cases, your car insurance premium goes up after an at-fault accident. But with an optional accident forgiveness policy, your first at-fault accident won’t impact your premium. Note that some insurance companies will only sell you accident forgiveness if you have been claim-free for a certain number of years. 

Cheap car insurance for millennials

How can 30-year-olds save money on car insurance?

Because most 30-year-olds have at least a decade of experience behind the wheel, drivers in this age group typically enjoy lower rates than younger drivers. However, car insurance for new drivers over 30 can be expensive. If you want to find affordable car insurance for millennials, here are some tips to consider: 

  • Look for discounts: Most car insurance companies offer discounts to help drivers lower their premium. While each insurer offers unique discounts, you can often get savings for being a safe driver, having safety features in your vehicle, taking a defensive driving course, bundling two or more policies and paying your annual premium in full. 
  • Improve your credit score: Drivers with good credit are viewed as less risky, and therefore, they generally pay a lower premium. If your credit score is in the “poor” or “fair” category, raising your score could help you save money.
  • Raise your deductibles: When you file a claim, your deductible is subtracted from your claim payout. If you choose a high deductible, your monthly car insurance rate is cheaper. However, keep in mind that a high deductible means a lower claim payout if something happens to your vehicle. 

Why shop for car insurance once you turn 30?

Even if you already have car insurance, it’s a good idea to shop around for a new policy once you turn 30. Insurance experts often advise drivers to get new car insurance quotes after a major life event, like getting married or moving, which may happen around age 30. You should also think about getting new quotes if you’ve recently had an auto insurance claim 

In addition, the price of car insurance for millennials is usually cheaper than the rates for younger drivers. If your rate has stayed the same over the last few years, you might be able to find a cheaper policy from a different car insurance provider. If you find a cheaper rate from a different insurer, you can usually switch providers at any time with no penalties. 

What is the best insurance for milennials?

Every driver has different car insurance needs, which means the best car insurance company for young adults will be different for each individual. To find the best car insurance for millennials, it’s important to consider your personal car insurance needs and what you value most in an insurance carrier. 

For example, if you’re looking for basic coverage at the cheapest price, look for insurers that offer lots of ways to save through discounts and other incentives. If you care about getting personalized customer service, look for smaller, local insurers with in-person agents in your area. If you want to build a customized policy, find a provider that offers a good selection of add-on policies.  

Finding the right car insurance provider for your needs involves some research. To help you get started, complete our short survey to find the best insurance carrier for millennials. Answer a few questions and get matched with different providers in your area. From there, you can get online quotes and purchase a policy from an insurer that meets your personal insurance requirements. 

Compare how much insurance costs at the top insurance companies near you

30 Seconds  |  No Sign-Up  |  Reliable Results 


Rate Retriever rates are based on public rate filings obtained by analytics company First Interpreter. This data comes from the rating plans insurance carriers submit to each state’s department of insurance. Rating plans detail how each carrier calculates premiums using factors such as location, age, gender, and driving record, and they ensure that insurance premiums are both fair and competitive.  

For the data on this page, we made the following assumptions: a single male with a clean driving record and Good credit score, driving a 2023 RAV4. We adjusted this profile by age to determine the rates you see on this page. 

These rates are not actual quotes and should be used only for comparative purposes. Your rates can vary significantly based on your unique driver profile. 

About Rate Retriever

At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results 

So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you. 

Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.  

We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide.