Cheap Insurance Companies For Young Drivers - 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 risky for car insurance companies, which is why they charge more to insure new drivers. But how much will the new driver pay? We have crunched the numbers to work out the cost of UK car insurance for an 18-year-old driver in England for large cities, so you know what to expect to pay depending on where you live. Prices will be similar for 17 and 19 year olds.
If price is your priority, you'll probably opt for one of the cheapest plans available. The team collated more than 400 young driver insurance quotes in 10 cities in England and calculated that the average premium for cheap comprehensive cover for an 18-year-old driver was £1,752 a year. But rates varied significantly by area, with young drivers in Liverpool, Birmingham, Bradford and Manchester being quoted more than £2,000 a year. Young drivers in Sheffield and Bristol paid the least in our survey, at just over £1,100 a year. This means that young drivers in some areas pay almost 2 times more than young drivers in other areas.
Cheap Insurance Companies For Young Drivers
Between the high cost of insurance and the average driver spending over £1,000 on driving lessons (at £23 per hour of driving), being a young driver isn't pretty.
Average Cost Of Car Insurance In November 2022
To find out what a young driver would typically pay for comprehensive car insurance, we collected quotes for a sample 18-year-old male driver with a full UK license driving a 2016 Ford Fiesta, the most popular car in the United Kingdom. (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 vehicles in the UK?) In total, we collected more of 400 shares for drivers living in the United Kingdom. London, Birmingham, Leeds, Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland, who drive under 5,000 miles a year. Quotes include courtesy car cover, breakdown, personal accident and legal cover. Quotes were collected from plans from the following auto insurance companies:
The guidance on this page is based on our own analysis and is intended to help you identify options and narrow down your choices. We do not recommend or say which product to buy; do your own research before entering into any contract. Read our full disclosure here.
Advertiser Disclosure: is authorized and regulated by the Financial Conduct Authority (FCA), FCA FRN 797621. is a personal finance research and data site. The reviews that appear on this site are based on our own analysis and opinion, with a focus on product features and prices, not service. Some offers that appear on this website are from companies from which they receive compensation. This compensation may affect how and where offers appear on this site (for example, the order in which they appear). For more information, see our Advertiser Disclosure. The Site may not review or include all companies or all available products. While we do our best to be complete and up-to-date with product information, prices and terms may change after posting, so always check with the supplier for details. Consumers should ensure they do their own due diligence before entering into any contract. The average cost of a fully covered auto insurance policy for a 50-year-old is $2,698 per year or $225 per month. On average, the cheapest insurer available for 50-year-olds is Geico.
Our analysis of thousands of quotes in nine of America's most populous states found that Geico offers the best auto insurance rates for over 50s. To make sure you get the best rate, be sure to compare multiple quotes, as rates for 50-year-olds can range from as much as $3,170 a year.
Why Ontario Drivers Pay The Highest Car Insurance Rates In The Country
The average annual cost of car insurance for a 50-year-old is $2,698, but rates vary greatly from company to company. Among the 23 insurance companies included in our study, rates ranged from more than $3,000 per year.
As you can see, the cost of coverage varies considerably between insurers. Often, two companies also offer the same coverage and very similar services at very different prices. Therefore, drivers looking for the lowest prices should always compare multiple offers.
Regardless of gender, car insurance rates are similar for drivers of this age. However, women pay 0.7% more than men at age 50, or about $18 a year.
The gap in car insurance rates between men and women tends to narrow as they get older. We found that men in their 20s pay on average about 10% more for car insurance than women. This is because young male drivers are more likely to get into accidents than young female drivers.
Automobile Insurance Guide
The practice of sex-based insurance pricing is prohibited in some countries. Residents of California, Hawaii, Massachusetts, parts of Michigan, Montana, North Carolina or Pennsylvania will see no difference in car insurance rates for men and women, assuming all other factors which determine their rates are equal.
Car insurance generally becomes more affordable as drivers age and gain more driving experience. The average 50-year-old pays $2,698 a year or $225 a month for car insurance. That's $509 less than the average cost for a 25-year-old and $4,481 less than the average for an 18-year-old.
The biggest drop in prices occurs when the driver approaches the age of 30. In other words, you won't notice much of a difference between insurance rates for drivers 30 and older, as long as all other factors that affect rates are equal.
Overall, USAA is the cheapest insurer, as it offers the lowest rates in six of the 10 most populous states in the United States. However, USAA is only available to current and former military members and their families. Geico, which is much more widely available, offers the lowest prices in three of the 10 states.
How To Get Cheap Car Insurance
Fifty-year-olds in Ohio are aware of the lowest rates available, averaging $1,505. That's $6,501 lower than auto insurance rates in the most expensive state, Michigan.
If you are a 50-year-old driver looking for the lowest price, we recommend comparing the rates of several insurance companies. Our analysis provides a good starting point, but your rates will vary based on your driving record and other personal information.
When comparing insurance quotes, make sure you choose the same coverage with each insurer so you can make a fair comparison.
You should also check to see what discounts are available from the insurer, as this can also affect your final rate. For example, a 50-year-old with a long and safe driving record will likely qualify for a safe driver discount, but the rate reduction may vary between companies.
How Age Affects Car Insurance Costs
While the rates are important, you also want to find an insurance company with good customer service so you can trust your insurer in times of crisis.
One way to start your search is to read our reviews of the best car insurance companies, which rate policyholders on their customer service, coverage options and price. You should also consider how a company scores with the following industry experts:
This analysis used insurance rates for thousands of zip codes in the 10 most populous states in the United States. Our driver sample was men and women in their 50s driving a 2015 Honda Civic EX, and the drivers were single and had a clean driving record.
The policy used was a comprehensive coverage policy including liability, comprehensive and collision insurance. Limits and deductibles are listed below.
Cheapest Car Insurance In Georgia (november 2022)
This study included 23 insurance companies, but we included a company in our rate tables only if its policies were available to drivers in at least three of the 10 states.
The analysis gathered insurance rate data from Quadrant Information Services. These rates have been obtained publicly from insurers' files and should be used for comparative purposes only. Your quotes may differ from the averages in this study.
To get an insurance quote over the phone, call: (855) 596-3655 | Agents available 24 hours a day, 7 days a week! Most teenagers can't wait to get behind the wheel of their first car. What can dampen their excitement is finding affordable car insurance. Unfortunately for young drivers, car insurance can be expensive. However, there are some good deals to be found on the market if you know where to look.
For this study, quotes from more than 50 car insurance companies available on 2 major comparison sites were analyzed to find the cheapest comprehensive plans in major English cities for new, young drivers.
Compare Car Insurance Companies For Young Drivers
The team sampled more than 50 UK car insurance companies to find out which were the most affordable for young drivers, based on an 18-year-old male student. The results showed that of these, the cheapest brand of car insurance for young drivers is general accident (GA) insurance. Overall, the data showed that GA was on average about 62% cheaper than the average of all quotes collected for a young driver, and up to 18% cheaper than the average car insurance 3 more economic
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