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)
Age in years
Expenditure in U.S. dollars
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
ValuePenguin. (June 28, 2023). Average auto insurance expenditure in the United States in 2023, by age (in U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/555827/auto-insurance-costs-usa-by-age/
ValuePenguin. "Average auto insurance expenditure in the United States in 2023, by age (in U.S. dollars)." Chart. June 28, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/555827/auto-insurance-costs-usa-by-age/
ValuePenguin. (2023). Average auto insurance expenditure in the United States in 2023, by age (in U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/555827/auto-insurance-costs-usa-by-age/
ValuePenguin. "Average Auto Insurance Expenditure in The United States in 2023, by Age (in U.S. Dollars)." Statista, Statista Inc., 28 Jun 2023, https://www.statista.com/statistics/555827/auto-insurance-costs-usa-by-age/
ValuePenguin, Average auto insurance expenditure in the United States in 2023, by age (in U.S. dollars) Statista, https://www.statista.com/statistics/555827/auto-insurance-costs-usa-by-age/ (last visited July 27, 2024)
Average auto insurance expenditure in the United States in 2023, by age (in U.S. dollars) [Graph], ValuePenguin, June 28, 2023. [Online]. Available: https://www.statista.com/statistics/555827/auto-insurance-costs-usa-by-age/