I started Insurance Blog by Chris™ because I have a passion for insurance. Here at the blog, our job is to educate and inform people about the best insurance for them. Since then, we have grown into national brands with a large team of researchers helping people understand all forms of insurance.

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Written by Chris Huntley
Founder of Huntley Wealth & Insurance Services Chris Huntley

Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insu...

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Reviewed by Rachael Brennan
Licensed Insurance Agent Rachael Brennan

UPDATED: Mar 15, 2021

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YOung woman on crutches with a cast on her leg

Congrats! You’ve made it to your 20s. You may have gone on to a 2-year or 4-year college after high school or started working an apprenticeship or other job right after graduation. Regardless, you’re earning your own money to support yourself, have moved out of your rent’s house, and are finally able to afford a few things you’ve always wanted. 

But wait! Before you get too carried away with your new hard-earned cash there’s something you should consider. It’s not investing for retirement (although yes you should do that too!) but it is equally as important. You need to buy disability insurance



Although you may be young and healthy with no real concern of a disability impacting your ability to work in the future, there’s still ample reason for 21, 22, or 23-year-olds to purchase disability insurance

For one, the younger you are, the cheaper disability insurance will be. While disability insurance may not seem important currently, if you were to ever purchase a policy in the future it will cost you considerably more the longer you wait. If you keep income, location, benefit period, and waiting period the same, but were to change the time of purchase, you’d find that the same disability policy purchased at age 25 for $100/month could cost you $168/month at age 35, $208/month at age 45, and $238/month at age 55.

In addition, it’s important to purchase disability insurance when you’re young and healthy, and before you develop an illness that classifies as a preexisting condition. If you do develop something that is deemed a preexisting condition it will either make you ineligible for disability insurance or make your policy much more expensive. 

For example, disability insurance for a healthy 20-year old dental assistant living in Texas could cost around $100/month for $2,400/month of coverage whereas disability insurance for the same 20-year old, but with back problems, could cost closer to $300/month. 

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Besides the fact that you can purchase disability insurance for 24, 26, or 25 year olds at the lowest rate possible, there are a lot of reasons why you would want to protect yourself with this type of policy. 

If you’re out of income for longer than you have savings to live off of you won’t be able to pay your bills on time, likely resulting in having to rack up credit card debt to make ends meet. Missing bills could result in ruining your credit, which can take years to build back up. 

If you know eventually you’ll want a family, or if you’re already married or have children, then you must factor that into your decision as well. No income means being unable to provide for your family and children (or future children!) If you’re planning on being the primary breadwinner or know your family couldn’t live without your income, then it’s important to plan ahead. 

And how about investments? A few years without income means missing out on the ability to invest and take advantage of compound interest. If you’re hoping to retire earlier than the standard retirement age missing out on a few years of investing early on can really derail your plans. 

If you have no income and are thus unable to keep up with your rent or mortgage payments, you run the risk of becoming evicted or defaulting on your mortgage or worst case, foreclosing on your home. 

Or if you don’t own a home but plan to in the future, you’ll no longer be able to start or continue saving for that home you were hoping to purchase in the next few years. 

And then there are the medical bills. If you become sick or injured and can’t work, how will you pay for medical expenses? Medical bills and loss of income are among the top reasons why individuals file for bankruptcy. 


Let’s say you’re a 25.-year old female from Minnesota that is working as an assistant marketing manager. You’re making $50,000 per year but you’re in a bad biking accident that leaves you unable to work. If you were to have purchased your own disability policy for $100/month when you first started your job at the age of 21, you could receive around $2,900 per month. 

Get free quotes for our top-rated disability insurance companies for a 21-year old from PolicyGenius or Breeze Disability Insurance.  


Or let’s say you’re a 29-year old sales executive with a 2-year-old at home living in Virginia. Suddenly you’ve been diagnosed with breast cancer and have to leave your job to pursue treatment. Luckily you purchased disability insurance a few months prior for $160/month and will now receive a maximum benefit of $2,900 each month.

Get free quotes for our top-rated disability insurance companies for a 29-year old from PolicyGenius or Breeze Disability Insurance. 


Let’s consider another example. Let’s say you’re a 25-year old male working as a carpenter in California. You and some buddies are out surfing and you severely hurt your back, rendering you unable to perform your job duties. Being you had disability insurance you could receive $1,740 in insurance payout a month. This policy could have cost you roughly $86/month when you purchased it at the age of 21.

Get free quotes for our top-rated disability insurance companies for a 25-year old from PolicyGenius or Breeze Disability Insurance. 


The cost of disability insurance can vary greatly, but it’s based on how risky your job is classified as, as well as your own health (including whether you consume nicotine!) and a few other factors. Like life insurance, the earlier you purchase disability insurance the cheaper it will be.


If reading this has convinced you to take a look at disability insurance, check out Breeze and PolicyGenius. Both can give disability insurance quotes for 20-29 year olds after entering in a few details. Although if you do get sick or injured it may only prevent you from working for a few years, a few years without income can really delay financial progress or even send you back even before your 30th birthday.


You may also find our other disability insurance by age articles useful:

Best Prices On Disability Insurance For Ages 20 – 29 Years Old

Best Prices On Disability Insurance For Ages 30 – 39 Years Old

Best Prices On Disability Insurance For Ages 40 – 49 Years Old

Best Prices On Disability Insurance For Ages 50 – 60 Years Old