Cheap Auto Insurance For Young Adults - Erie, Geico and USAA are the cheapest companies based on our research of thousands of auto insurance benefits for 18-year-old drivers from 29 companies nationwide. To find the cheapest one for you, get quotes from several companies.
Comprehensive car insurance for an 18-year-old driver costs an average of $7,396 per year, or $616 per month. We found a $7,551 difference between the annual costs from the cheapest insurer, Erie, and the most expensive insurer, Allstate. Price differences like these show why it's important to compare insurance quotes to make sure you get the best deal.
Cheap Auto Insurance For Young Adults
Drivers under the age of 25 have higher insurance rates as they are considered more dangerous drivers. As you age and have more years of driving under your belt, your insurance premiums should start to decrease.
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For example, an 18-year-old will, on average, see their annual amount drop by $1,445.
The average cost of car insurance for 18-year-old female drivers is cheaper than for 18-year-old male drivers. For 18-year-olds, female drivers earn an average of $7,030 per year, while male drivers earn $7,762.
The Centers for Disease Control and Prevention found that the motor vehicle fatality rate for male drivers aged 16 to 19 is double the rate for female drivers in that age group, leaving young males at higher risk for - insurance.
However, some states - California, Hawaii, Massachusetts, Michigan (in some cities), Montana, North Carolina and Pennsylvania - prohibit insurers from using gender to determine car insurance rates . Male and female drivers in these states should pay the same price for car insurance, all else being equal.
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Our research found that most young drivers see their insurance costs drop by 12% when they turn 18. At 18, you're a greater risk to insurers than new drivers 16 - and 17-year-old, and your rates. look at that
New drivers are an exception to this rule. If you are a new driver at the age of 18 and getting car insurance for the first time, you can pay more than a licensed driverat the age of 16 with two years of driving experience.
We have not included USAA in these recommendations, as its policies only serve current or former members and their families. If USAA joins, it will provide the cheapest auto insurance for 20-year-olds in Illinois, Michigan, New York and Texas.
North Carolina is the cheapest state for an 18-year-old to get car insurance, with annual premiums 54% cheaper than average. Michigan is the most expensive state, with annual car insurance rates for 18-year-olds nearly three times more expensive than average.
Cheapest Car Insurance For Teens (and Their Parents)
An 18-year-old can buy their own car insurance policy. However, we recommend that you add to your parent's policy if possible, as it is cheaper than carrying your own policy.
The average cost of adding an 18-year-old to a parent's car insurance plan is $3,020 per year, but the average cost of an 18-year-old getting their own car insurance is $7,396 per year.
Parents may see their premiums increase when they add a teenage driver to their policy, but by asking for a discount, they can help offset the cost. If a teenager drives a separate car, for example, parents may receive several car discounts. And if parents choose to stay with the same insurer for their teen's car, they can be given a safety discount.
After you stick to your parent's policy, the best strategy to get cheap car insurance rates is to shop around. Prices can vary by mileage, so it's beneficial to get free car insurance from multiple insurers to compare rates.
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Check for discount opportunities. Insurers offer many discounts that you may qualify for. If you are an 18-year-old in high school or a student, you can get a good student discount on car insurance, as long as you keep your GPA above a certain level.
College students who leave their car at their parents' house during the school year and attend a university 100 miles away can often get a student discount from home, and possibly a low-mileage discount.
On the other hand, if you are financially independent from your parents and live separately from them, you can save on your insurance plan by combining it with renters or homeowners insurance.
Drive an affordable car. Expensive cars are more expensive to repair, which means they are also more expensive to insure. Among the cars with the cheapest insurance for 18-year-olds are SUVs like the Subaru Outback and Buick Encore, and reliable sports cars like the Mazda MX-5 Miata and Volkswagen Golf GTI.
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Add your clippings. Another way to lower your insurance premiums is to choose a higher deductible. However, this means you will pay more out of pocket if you apply.
Use the telematics program. By sharing your driving information with your car insurer through a telematics tracking device, you can ensure that you are a safe driver who deserves a lower premium. Usage-based car insurance allows you to get great discounts if you are generally a safe driver.
Consider the amount of coverage you need. Since drivers under the age of 18 are statistically more likely to be involved in an accident, it is usually a good idea to purchase a comprehensive coverage plan that includes a variety of comprehensive insurance. However, a limited coverage plan can work if you own an older car, as many young drivers do, and if repairs cost more than the car is worth.
Get a lot of credit. It's always a good idea to shop around and get quotes from multiple insurers to make sure you get the best price and coverage.
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Reputable car insurance companies do not sell short term car insurance. If you're an 18-year-old driver and you see ads for one-day, weekly or monthly car insurance, don't be alarmed. Insurance policies are usually only valid for six months or a year, although you can often cancel them at any time, and you can choose to pay monthly.
We've collected auto insurance information for thousands of ZIP codes across the nine most populous states in the United States. Our sample drivers are men and women 18 years of age and older who have driven a 2015 Honda Civic EX and have a clean driving record.
The study included 29 insurance companies, and prices were added to our list of average prices and recommendations only if their policies were available in at least three of the nine states.
Our research drew insurance rate data from Quadrant Data Services. The numbers we collect are publicly available from insurer registers and should only be used for comparative purposes, as your views may differ from our average.
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An 18-year-old can expect to pay an average of $616 a month for comprehensive auto insurance. Erie offers the cheapest rate at $264 per month.
Yes, 18 year olds can get their own car insurance policy. However, you can pay less than 60% if you share the policy with your parents or a senior driver.
To get an insurance quote over the phone, call: (855) 596-3655 | Staff are available 24 hours a day, 7 days a week! According to our research, the average cost of car insurance for 21-year-olds is $226 a month, or $2,708 a year. Car insurance for a 21 year old is more expensive than usual for most older drivers, but it is also cheaper than car insurance for a young driver.
USAA has the cheapest auto insurance for 21-year-olds, though it's only available to drivers who are in the military or part of a military family. GEICO is available to everyone and has cheap coverage for people age 21 - although it's a little more expensive than USAA.
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The average cost of car insurance for people aged 21 is $266 per month, but prices vary from company to company. Our research shows that auto insurance for 21 year olds is cheap with USAA. With USAA, insurance for 21-year-old drivers is $130 per month – 42% less than average.
GEICO is another company that offers affordable comprehensive insurance for 21-year-olds. On average, GEICO has car insurance for 21-year-old drivers that costs $149 per month. While this is $19 more expensive per month than USAA, GEICO is still 34% cheaper than the average.
The difference between the most expensive and cheapest car insurance companies for people aged 21 is $460 per month. This means drivers can save $5,517 a year by comparing quotes from different companies before purchasing coverage.
The average car insurance premium for a 21-year-old driver is cheaper than younger drivers, but higher than what older drivers pay. We found that car insurance for a 21-year-old is 60% cheaper than a 16-year-old and 45% cheaper than an 18-year-old.
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Regardless of their driving years, 21 year olds still pay 64% more for coverage than 30, 35, and 45 year olds.
Car insurance rates are cheaper for 21-year-olds than for teenage drivers because of the age a 21-year-old has been driving. However, car insurance for new drivers who are 21 years old will be more expensive regardless of their age, due to the lack of time behind the wheel.
Car insurance is more expensive for men
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