Low Car Insurance For Young Drivers - Erie, Geico and USAA were the cheapest companies based on our analysis of thousands of auto insurance quotes for 18-year-old drivers from 29 companies nationwide. Get quotes from multiple companies to find the cheapest prices for you.
Comprehensive 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 in annual rates between Erie, the cheapest insurer, and Allstate, the most expensive. Price differences like these show why it's important to compare insurance quotes to get the best rates.
Low Car Insurance For Young Drivers
Drivers under the age of 25 will have higher insurance rates because they are considered risky drivers. As you get older and have more years on your hands, your insurance rates should start to drop.
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For example, an 18-year-old's annual rate drops by an average of $1,445.
The average cost of car insurance for 18-year-old female drivers is cheaper than for 18-year-old male drivers. An 18-year-old driver pays an average of $7,030 a year for women, compared to $7,762 for men.
The Centers for Disease Control and Prevention found that male drivers between the ages of 16 and 19 have twice the fatality rate of female drivers in the same age group, making male teenagers a significantly higher risk for insurers.
However, some states - California, Hawaii, Massachusetts, Michigan (in some cities), Montana, North Carolina and Pennsylvania - prohibit insurers from using gender to determine auto insurance rates. Male and female drivers in these states must pay the same price for auto insurance coverage, all else being equal.
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Our analysis shows that when most young drivers turn 18, their insurance rates drop by 12%. At 18, you are less of a risk to insurers than newly licensed 16- and 17-year-olds, and your rates will reflect that.
New managers are an exception to this rule. If you're an 18-year-old new driver and getting car insurance for the first time, you'll pay more than a 16-year-old licensed driver with two years of driving experience.
We have not included USAA in these recommendations because its policies only serve current or former military members and their families. If USAA joined, it would offer the cheapest car insurance for 20-year-olds in Illinois, Michigan, New York and Texas.
North Carolina is the cheapest state for car insurance for an 18-year-old, with annual premiums 54% lower than the overall average. Michigan is by far the most expensive state, with the annual cost of car insurance for an 18-year-old three times the average.
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An 18-year-old can buy his own car insurance policy. However, we recommend adding to your parents' policy if possible, as it is cheaper than taking out your own policy.
The average cost of adding an 18-year-old to their parent's auto insurance policy is $3,020 per year, but the average cost of getting an 18-year-old's own car insurance is $7,396 per year.
Parents may see their rates increase when they add a teen driver to their policy, but by asking for a discount, they can help offset the increased costs. For example, if a teenager drives their own car, parents can get a discount for multiple cars. And if parents decide to stick with one insurer for their teen's car, they're rewarded with a loyalty discount.
Aside from sticking with your parent's policy, the best strategy to get cheap auto insurance quotes is to shop around. Prices can vary by thousands, so it's helpful to get free car insurance quotes from multiple insurers to compare rates.
Car Insurance For Teen Drivers
Explore discount opportunities. Insurers offer many discounts that you may be eligible for. If you're an 18-year-old high school or college student, you can get a good student discount on your car insurance if you keep your GPA above a certain threshold.
College students who leave their car at their parents' house during the school year and attend a university more than 100 miles away can often get a student discount, possibly even a low-mileage discount.
Additionally, if you are financially independent from your parents and live separately from them, you can save by combining your auto insurance policy with renters or homeowners insurance.
Drive an affordable car. Expensive cars are expensive to repair, which means they are also expensive to insure. The cars with the cheapest insurance for 18-year-olds included SUVs like the Subaru Outback and Buick Encore and safer sports cars like the Mazda MX-5 Miata and Volkswagen Golf GTI.
Compare Cheap Young Drivers Insurance
Increase your deductible. Another way to lower your insurance rates is to choose a higher deductible. However, this means you will pay more out of pocket if you file a claim.
Use the telematics program. By sharing your driving data with your auto insurer through a telematics tracking device, you can prove you're a safe driver who deserves lower premiums. Usage-based car insurance allows you to get significant discounts if you're a generally safe driver.
Reconsider how much coverage you need. Since 18-year-old drivers are statistically more involved in accidents, it is best to purchase a comprehensive insurance policy that includes 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, a minimum coverage policy can work.
Get multiple rates. It's a good idea to shop around and get quotes from multiple insurers to ensure the best rates 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, one-week or one-month car insurance, don't be tempted. Insurance policies usually only come in six-month or one-year terms, although you can usually cancel them at any time and choose to pay monthly.
We've collected auto insurance quotes for thousands of zip codes in the nine most populous US states. Our sample drivers were 18-year-old single men and women with clean driving experience who drove a 2015 Honda Civic EX.
The analysis included 29 insurance companies, and rates were included in our list of average prices and offers only if their policies were available in at least three of the nine states.
Our analysis obtained insurance rate data from Quadrant Information Services. The rates we collect are publicly available from a list of insurers and should be used for comparative purposes only, as your individual rates may differ from our averages.
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An 18-year-old can pay an average of $616 per month for comprehensive car insurance. Erie offers the cheapest rates at $264 per month.
Yes, 18-year-olds can get their own car insurance policy. However, you can pay up to 60% less if you share a policy with your parents or an elderly driver.
To get an insurance quote over the phone, call: (855) 596-3655 | Agents are available 24 hours a day, 7 days a week! It's no surprise that young, teenage drivers pay more for car insurance. A young driver's lack of experience and limited driving history are potentially dangerous for car insurance companies, which is why they charge more to insure new drivers. But how much will the new executive pay? We've crunched the numbers to find out the cost of UK car insurance for an 18-year-old driver in England by major city, so you know what you'll pay depending on where you live. Rates are the same for 17- and 19-year-olds.
If price is your priority, you may choose one of the cheapest plans available to you. The team collected insurance quotes for more than 400 young drivers in 10 cities in England and calculated that the average premium for cheap comprehensive insurance for an 18-year-old driver was £1,752 a year. But rates varied greatly by region, with young drivers in Liverpool, Birmingham, Bradford and Manchester costing more than £2,000 a year. Young drivers from Sheffield and Bristol paid the least in our research, at just over £1,100 a year. This means that young drivers in some areas pay almost twice as much as young drivers in other areas.
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Between the high cost of insurance and the average driver spending over £1,000 on driving lessons (£23 per driving lesson), being a young driver isn't cheap.
To find out what a young driver would typically pay for comprehensive car insurance, we've put together a quote for the example of an 18-year-old male driver with a full UK license driving the UK's most popular 2016 Ford Fiesta. (For more information on how insurance costs vary by car make and model, see our article How much does it cost to insure the most popular cars in the UK?) We've collected over 400 quotes for drivers all based in London, Birmingham. , lives in Leeds. , Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland, travel less than 5,000 miles per year. Quotes include courtesy car cover, breakdown, personal accident and statutory insurance. a collection of citations was obtained
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