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.
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.
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.
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.
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:
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:
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.
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.
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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.
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