Cheap Insurance For Young Drivers - It's no wonder younger and younger drivers pay more for car insurance. A young driver's lack of experience and limited driving history is a risk to car insurance companies, so they pay more to insure new drivers. But how much will a new driver pay? We've crunched the numbers to find UK car insurance prices for an 18-year-old driver living in England by major city, so you'll know what you'll pay based on where you live. The rates will be the same for years 17 and 19.
If price is your main concern, you will choose one of the cheapest plans. The team collected insurance quotes from more than 400 young drivers in 10 English cities and calculated that an 18-year-old driver would pay an average of £1,752 a year for full coverage at the cheapest price. But prices varied by region, with young drivers earning more than £2,000 a year in Liverpool, Birmingham, Bradford and Manchester. Young drivers in Sheffield and Bristol paid the least in our survey at £1,100 a year. This means that young drivers in some areas pay almost twice as much as young drivers in other areas.
Cheap Insurance For Young Drivers
With the high cost of insurance and the average driver spending £1,000 on driving lessons (£23 for an hour's driving lesson), being a young driver doesn't come cheap.
Are Young Drivers Being Ripped Off With Car Insurance?
To find out what a young driver would typically pay for comprehensive car insurance, we've collected quotes from a sample of 18-year-old male drivers with a full license to drive the UK's most popular car, the 2016 Ford Fiesta. (For more information on how insurance prices vary by car make and model, see our article How much does it cost to insure the most popular car in the UK?) Together, we've collected over 400 quotes from drivers living in the country. London, Birmingham, Leeds. , Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland, less than 5,000 miles per year. Quotes include courtesy car, breakdown, personal accident and legal insurance. Quotes are collected from the following car insurance company plans.
The guide on this site is based on our own analysis and is designed to help you identify and narrow down your options. We do not advise or tell you which products to buy; Please check carefully before entering into any contract. Read our full disclosure here.
Advertising Disclosure: Authorized and regulated by the Financial Conduct Authority (FCA), FCA FRN 797621. is a personal finance site based on research and information. Reviews on this site are based on our own analysis and opinion and focus on product features and pricing, not service. Some of the offers shown on this website are from companies that receive compensation. This compensation may affect how and where offers are displayed on this site (for example, display orders). See our Advertising Disclosure for more information. The Site may not review or include all available companies or products. We will do our best to keep product information complete and up-to-date, but prices and conditions may change after publication, so always check with your supplier for details. Consumers should do their due diligence before entering into any contract. Erie, Geico and USAA were the cheapest companies based on our analysis of thousands of car insurance quotes for 18-year-old drivers from 29 companies across the country. Get quotes from several companies to find the lowest price for you.
An 18-year-old driver pays an average of $7,396 a year or $616 a month for comprehensive car insurance. We found a $7,551 difference in annual rates between the cheapest carrier, Erie, and the most expensive carrier, Allstate. Such a price difference shows why it's so important to compare insurance rates.
Car Insurance For Women & Young Drivers
Drivers under the age of 25 are considered high-risk drivers and therefore have higher insurance premiums. As you get older and the more years you drive, your insurance rates should begin to decrease.
For example, an 18-year-old will see an average annual rate cut of $1,445.
The average cost of car insurance for an 18-year-old female driver is lower than for an 18-year-old male driver. For 18-year-olds, female drivers pay an average of $7,030 a year, compared to $7,762 for male drivers.
The Centers for Disease Control and Prevention found that male drivers between the ages of 16 and 19 are twice as likely to die in automobiles as female drivers in the same age group, putting young men at risk for insurance companies.
Best Car Insurance For Teens And Young Drivers For September 2022
However, some states, including California, Hawaii, Massachusetts, Michigan (in some cities), Montana, North Carolina, and Pennsylvania, prohibit insurance companies from using gender when setting auto insurance rates. Male and female drivers in these states should pay the same price for auto insurance, all else being equal.
Our analysis found that most young drivers see their insurance premiums drop by 12% by the time they turn 18. When they are 18, you have less risk than 16 or 17-year-olds who are newly licensed to insurance companies and your rate. reflect that.
New drivers are an exception to this rule. If you're an 18-year-old new driver applying for car insurance for the first time, you're likely to pay more than a 16-year-old with a driver's license and two years of driving experience.
Because US policy only applies to current and former military personnel and their families, we do not include these recommendations. If USAA were included, it would offer the cheapest auto insurance for 20-year-olds in Illinois, Michigan, New York and Texas.
Car Insurance For 16 Year Olds
North Carolina is the cheapest state to get auto insurance for 18-year-olds, with annual premiums 54 percent lower than the national average. Michigan is the most expensive state, with annual car insurance costs for 18-year-olds nearly three times higher than the average.
An 18-year-old can buy their own car insurance. However, if possible, it is recommended to add your parents' policy as it is cheaper than getting your own separate policy.
Adding an 18-year-old to their parent's car insurance costs an average of $3,020 a year, compared to an average of $7,396 a year for an 18-year-old to buy their own car insurance.
When parents add a teen driver to their policy, rates may increase, but asking for a discount can help offset the added cost. For example, if a teenager drives a separate car, a parent can get a multi-car discount. But parents can be rewarded with loyalty discounts if they choose to keep their teen's car with the same insurance company.
Why Is Car Insurance For New Drivers Expensive?
In addition to following your parent's policy, the best strategy for finding low auto insurance rates is to shop around. Prices can vary by thousands, so it's helpful to get free car insurance quotes from several insurance companies to compare prices.
Explore discount opportunities. Insurance companies offer many discounts to cover you. If you're an 18-year-old high school or college student and your GPA is above a certain threshold, you can get a good student discount on car insurance.
College students who leave their cars at their parents' house during the school year and attend a university more than 100 miles away can get student discounts and possibly mileage discounts.
Or, if you're financially independent from your parents and live apart from them, you can save on car insurance by combining it with renters or homeowners insurance.
Car Insurance For Teen Drivers
Driving an affordable car. Expensive cars cost more to maintain, which means they cost more to insure. The cheapest cars to insure for 18-year-olds include SUVs like the Subaru Outback and Buick Encore, and safe sports cars like the Mazda MX-5 Miata and Volkswagen Golf GTI.
Increase your deductible. Another way to lower your insurance rates is to choose a higher deductible. However, if you file a claim, it means paying more out of pocket.
Using telematics software. By sharing your driving data with your auto insurance company through a telematics tracking device, you can prove you're a safe driver who deserves lower premiums. Usage-based auto insurance allows you to get big discounts if you're a generally safe driver.
Rethink the amount of coverage you need. Statistically, 18-year-old drivers are more likely to be involved in an accident, so it's a good idea to purchase a comprehensive insurance policy that includes both collision and comprehensive coverage. However, if, like many young drivers, you have an older car and the repairs cost more than the car is worth, the minimum insurance policy will work.
Pay As You Go Car Insurance
Get multiple rates. It's always best to compare quotes from top companies, shop around for the best rates and coverage, and get a free insurance quote online.
Reputable car insurance companies do not sell short term car insurance. If you are an 18-year-old driver, day, week or see an ad
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