Exact quantum states of the time-dependent quadratic Hamiltonian system are investigated using SU(1,1) Lie algebra. We realized SU(1,1) Lie algebra by defining appropriate SU(1,1) generators and derived exact wave functions using this algebra for the system. Raising and lowering operators of SU(1,1) Lie algebra expressed by multiplying a time-constant magnitude and a time-dependent phase factor. Two kinds of the SU(1,1) coherent states, i.e., even and odd coherent states and Perelomov coherent states are studied. We applied our result to the Caldirola–Kanai oscillator. The probability density of these coherent states for the Caldirola–Kanai oscillator converged to the center as time goes by, due to the damping constant γ. All the coherent state probability densities for the driven system are somewhat deformed.