Life Insurance Under 30 Average Cost Per Month 2025
If you are looking for life insurance under 30, it’s likely someone has already told you that it’s a great time to sign up for cover. Insurance Hero can help you pick coverage that’s right for you and have monthly premiums that are lower than you expect.
- If you have a repayment mortgage, young people can save money with decreasing term life insurance.
- Add critical illness cover from the same insurer at a discounted rate
- Get a cash lump sum payment to guarantee financial independence to your family members
- Buying life insurance for young adults can mean you can save money over your lifetime
- Flexible plans if your circumstances change
Aged Thirty Or Under? Find The Best Cover For You & Help Provide Your Family With Financial Security
Example Life Insurance Under 30 Case:
You are married and have one young child; you have a £275,000 house with a £235,000 mortgage, earn £42,000 a year, and want life insurance that is about 10x your annual income. So you get a decreasing life insurance policy of £420,000.
Insurance Hero finds you young adults life insurance for £29 per month. There are just a few questions and no medical requirements.
I have pre existing medical conditions even though I am in young adulthood. Will this make a lot of difference?
Yes, it will make some difference, but likely not as much as you fear. It’s all to do with your individual circumstances and when your policy ends. If your health problems are unlikely to cause risks to your life during the term, you could still get cheap life insurance.
What else affects life insurance premiums apart from my age?
Your occupation, hobbies/pastimes, and postcode are the main factors. But as long as you are not a scaffolder who cave dives at the weekend, life insurance cover should represent a minimal amount of your income each month.
It’s highly probable that the best life insurance policies will all be accessible to you.
What other forms of financial protection should I consider at a young age?
If you want financial security for your young family, many life insurance policies allow you to bundle terminal illness cover, critical illness cover and income protection insurance.
How much life insurance should I get?
You should consider your rent payments or mortgage repayments, the age of your children, the income of your partner and if you have any outstanding debts, like loans, car finance and credit card debt.
If you have a repayment mortgage, the remaining balance of your mortgage should go down over time, and this reality will reward you with lower premiums.
Don’t forget your living costs may increase, so you should factor this in if you don’t want your family to struggle if the worst happens to you.
When comparing quotes from different insurers, should I consider their credit rating?
During the financial crisis of 2009, the insurance giant AIG needed to be bailed out. But no policyholder lost out. While making the smart choice could involve you considering the insurer’s quality, it is doubtful that the insurer will become insolvent at the same time your family may need to claim.
Should I get life insurance for under 30 people if I don’t have a family yet?
Yes, you should seriously consider it, as you get the opportunity to lock in the lower life insurance premiums while you can.
On TV ads, why do insurers appear to target life insurance for under 30s?
Getting life insurance helps a young family feel confident and protected. Many young adults think they don’t need to think about financial support for their loved ones, but having the appropriate amount of cover early in life is the smart choice.
If you wonder, “Should I get life insurance in my 20s?” Here are some rate tables illustrating just how affordable it is.
I’m just over 30. What kind of cover is available to me?
We have written a highly detailed guide to life insurance for people in their 30s, which we think will answer any questions you might have.
Decreasing Term Cover Premiums (Age 23, £250,000 Cover – ideal if your mortgage balance goes down)
Term Life Length: 20 years.
| Insurance Company | Monthly Premium | Star Rating |
|---|---|---|
| Aviva | £12.02 | ⭐⭐⭐⭐⭐ |
| Legal & General | £11.76 | ⭐⭐⭐⭐ |
| Vitality | £12.24 | ⭐⭐⭐⭐ |
| Direct Line | £12.12 | ⭐⭐⭐⭐⭐ |
| Zurich | £11.91 | ⭐⭐⭐⭐ |
| Royal London | £12.16 | ⭐⭐⭐⭐ |
| AXA | £12.06 | ⭐⭐⭐⭐⭐ |
| Prudential | £12.52 | ⭐⭐⭐⭐ |
| Allianz | £11.82 | ⭐⭐⭐⭐ |
| Post Office Money | £12.09 | ⭐⭐⭐⭐⭐ |
Level Term Life Insurance Premiums (Age 24, £250,000 Cover)
Policy Term 20 years.
| Insurance Company | Monthly Premium | Star Rating |
|---|---|---|
| Aviva | £14.09 | ⭐⭐⭐⭐⭐ |
| Legal & General | £13.88 | ⭐⭐⭐⭐ |
| Vitality | £14.27 | ⭐⭐⭐⭐ |
| Direct Line | £14.16 | ⭐⭐⭐⭐⭐ |
| Zurich | £13.94 | ⭐⭐⭐⭐ |
| Royal London | £14.13 | ⭐⭐⭐⭐ |
| AXA | £14.02 | ⭐⭐⭐⭐⭐ |
| Prudential | £14.59 | ⭐⭐⭐⭐ |
| Allianz | £13.84 | ⭐⭐⭐⭐ |
| Post Office Money | £14.02 | ⭐⭐⭐⭐⭐ |
Increasing Term Life Insurance Premiums (Age 25, £250,000 Cover, Inflation-Protected)
Policy Term 15 years.
| Insurance Company | Monthly Premium | Star Rating |
|---|---|---|
| Aviva | £15.52 | ⭐⭐⭐⭐⭐ |
| Legal & General | £15.33 | ⭐⭐⭐⭐ |
| Vitality | £15.79 | ⭐⭐⭐⭐ |
| Direct Line | £15.62 | ⭐⭐⭐⭐⭐ |
| Zurich | £15.41 | ⭐⭐⭐⭐ |
| Royal London | £15.63 | ⭐⭐⭐⭐ |
| AXA | £15.52 | ⭐⭐⭐⭐⭐ |
| Prudential | £16.01 | ⭐⭐⭐⭐ |
| Allianz | £15.31 | ⭐⭐⭐⭐ |
| Post Office Money | £15.59 | ⭐⭐⭐⭐⭐ |
Decreasing Term Smoker Life Insurance Premiums (Age 27, £250,000 Cover)
Financial protection with a 10 year term.
| Insurance Company | Pay Premiums | Star Rating |
|---|---|---|
| Aviva | £18.04 | ⭐⭐⭐⭐⭐ |
| Legal & General | £17.63 | ⭐⭐⭐⭐ |
| Vitality | £18.52 | ⭐⭐⭐⭐ |
| Direct Line | £18.31 | ⭐⭐⭐⭐⭐ |
| Zurich | £18.09 | ⭐⭐⭐⭐ |
| Royal London | £18.28 | ⭐⭐⭐⭐ |
| AXA | £18.17 | ⭐⭐⭐⭐⭐ |
| Prudential | £18.76 | ⭐⭐⭐⭐ |
| Allianz | £17.84 | ⭐⭐⭐⭐ |
| Post Office Money | £18.02 | ⭐⭐⭐⭐⭐ |
Other key issues with Life Insurance For Young Adults
- Some policies cover funeral costs.
- All policies require your smoker status.
- Cover can be affected if you drink alcohol to excess and make other poor lifestyle choices.
- If you lie about your medical information, your loved ones could miss out, as your policy could be invalid.
- Two separate policies may be better than a joint policy, depending on term length.
- Life Insurance for young adults is very competitive for insurers, so the question is if you pay more than £17 a month life insurance, Insurance Hero may be able to get you life cover cheaper, especially for term life insurance.
- Buying life insurance while young can help protect your family from certain life events or life-changing illnesses.
- You should consider decreasing term life insurance first to see if that is right for you.
- The cover amount you need is usually a multiple of your gross salary.
Steve Case is a seasoned professional in the UK financial services and insurance industry, with over twenty years of experience. At Insurance Hero, Steve is known for his ability to simplify complex insurance topics, making them accessible to a broad audience. His focus on clear, practical advice and customer service excellence has established him as a respected leader in the field.
