Auto insurance premiums vary dramatically by age, with drivers under 25 paying nearly three times more than those in their 50s. Here is the complete breakdown for 2026.
Average Annual Premiums by Age Group
- Ages 16-19: $6,200/year
- Ages 20-25: $3,800/year
- Ages 26-35: $2,100/year
- Ages 36-50: $1,650/year
- Ages 51-65: $1,500/year
- Ages 65+: $1,800/year
Why Young Drivers Pay More
Insurers base premiums on risk data showing that drivers aged 16-25 are involved in accidents at twice the rate of older drivers. However, telematics programs can reduce young driver premiums by up to 30%.
Tips to Lower Your Rate
Good student discounts, defensive driving courses, and bundling with parents policies can save hundreds annually. Shopping around remains the single most effective way to cut costs.
