Average car insurance expenditure in the U.S. 2023, by age

Published by Jennifer Rudden, Nov 1, 2024
16 year olds paid the highest amount for full coverage car insurance in the United States in 2023. It was found that 16 year-old drivers in the U.S. had to pay approximately 584 U.S. dollars per year for car insurance, whereas their 21 year old counterparts paid only 248 U.S. dollars for the same coverage.

Average auto insurance expenditure in the United States in 2023, by age (in U.S. dollars)

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Release date

June 2023

Region

United States

Survey time period

2023

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Motor insurance in the United StatesMotor insurance in CanadaPrivate health insurance in the United StatesInsurance industry in the United StatesHomeowners insurance in the United States
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