Best Insurance Prices For Young Drivers - Erie, Geico and USAA were the cheapest companies based on our review of thousands of auto insurance quotes for 18-year-old drivers from 29 companies nationwide. Get quotes from multiple companies to get the cheapest rates for you.
Comprehensive car insurance for an 18-year-old driver costs an average of $7,396 a year, or $616 a month. We found a difference of $7,551 in annual rates from the cheapest insurer, Erie, and the most expensive, Allstate. Price differences like this show why it's important to compare insurance quotes to make sure you're getting the best rates.
Best Insurance Prices For Young Drivers
Drivers under 25 years of age tend to have higher insurance rates because they are considered dangerous drivers. As you get older and have more years of driving under your belt, your insurance rates should start to drop.
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For example, someone turning 18 will often see their annual balance drop to $145,000.
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 pay an average of $7,000 a year, while male drivers pay $7,762.
The Centers for Disease Control and Prevention found that the traffic death rate for male drivers between the ages of 16 and 19 is twice as high as the rate for female drivers in that age group, making young men a 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 calculate car insurance rates. Male and female drivers in these states must pay the same price for auto insurance coverage, all else being equal.
Compare 2022 Car Insurance Rates Side By Side
Our research found that most young drivers see their insurance rates drop by 12 percent by the time they turn 18. At 18, you are less at risk of insurance than 16 and 17 year olds with new licenses and rates. show that
New drivers are the exception to this rule. If you're a new driver at 18 and getting car insurance for the first time, you'll likely pay more than a driver who got their license at 16 and has two years of driving experience.
We have not included USAA in these recommendations, as its policies only apply to former members of the military and their families. If USAA were involved, it would offer the cheapest auto insurance for 20-year-olds in Illinois, Michigan, New York and Texas.
North Carolina is the cheapest state to get car insurance for an 18-year-old, with annual premiums 54% cheaper than the overall average. Michigan is the most expensive state, with annual insurance premiums for 18-year-olds three times higher than the average.
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An 18-year-old can buy their own car insurance. However, we recommend adding to your parents' policy if possible, because it is cheaper than taking out your own policy.
The average cost of adding an 18-year-old child to their parents' car insurance is $3,020 per year, while the average cost of an 18-year-old getting their own car insurance is $7,396 per year.
Parents may see a bump in their premiums when they add a young driver to their policy, but by asking for a discount, they can help offset some of the costs. For example, if the teenager drives a different car, the parents can get more money for the car. And if parents choose to stay with the same car insurance policy for teenagers, they can be rewarded for their loyalty.
Apart from sticking to your parents' policy, the best way to get cheap insurance quotes is to shop around. Prices can vary by thousands, so it's helpful to get free insurance quotes from multiple insurers to compare prices.
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Explore discount opportunities. Insurers offer many discounts that you may qualify for. If you are an 18-year-old high school or college student, you can get a good student discount on car insurance, as long as you keep your GPA under a certain limit.
College students who leave their car at their parents' house during the academic year and go to a college 100 miles away can often get a home student award, and possibly a mileage discount.
Additionally, if you are financially independent from your parents and live apart from them, you can save on your auto insurance policy as well as renters or home insurance.
Drive a cheap car. Expensive cars are more expensive to maintain, which means they are also more expensive to insure. Cars with the cheapest insurance for 18-year-olds include SUVs such as the Subaru Outback and Buick Encore, and safe sports cars such as the Mazda MX-5 Miata and Volkswagen Golf GTI.
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Increase your downloads. Another way to lower your insurance is to choose a higher deductible. However, this means that you will pay more out of pocket if you sue.
Use a telematics program. By sharing driving data with your auto insurer through a telematics tracking tool, you can prove that you are a safe driver who deserves lower premiums. If you are a safe driver, usage-based auto insurance allows you to get significant discounts.
Also evaluate how much coverage you need. Because 18-year-old drivers are statistically more likely to be involved in an accident, it is often wise to purchase a comprehensive coverage plan that includes both collision and comprehensive insurance. However, if you, like many young drivers, have an older car and the repairs are more expensive than the car is worth, the minimum coverage policy may apply.
Get multiple rates. It's always a good idea to shop around for advice from multiple insurers to make sure you get the best rates and coverage.
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Reputable insurance companies do not sell short term car insurance. If you are an 18 year old driver and you see ads for one day, one week or one month insurance, don't try it. Insurance policies usually only come in six-month or one-year terms, although you can cancel them at any time, and you can choose to pay monthly.
We've collected auto insurance quotes for thousands of ZIP codes in nine of the most populated areas in the United States. Our sample drivers were 18-year-old men and women who drove a 2015 Honda Civic EX and had clean driving records.
The survey included 29 insurance companies, and rates were only added to our list of average prices and offers if their policies were available in at least three of the nine states.
Our analysis drew on insurance data from Quadrant Information Services. The rates we quote are usually taken from insurance documents and should be used for comparison purposes only, as your individual rates may differ from ours.
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An 18-year-old can expect to pay $616 a month for comprehensive car insurance. Erie offers the cheapest rates at $264 per month.
Yes, 18-year-olds can get their own car insurance. However, if you share the policy with your parents when the driver is an adult, you can pay up to 60% less.
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 wonder that younger, younger drivers pay more for car insurance. A young driver's lack of experience and limited driving history can be dangerous for car insurance companies to insure, which is why they charge more for new insurance. But how much will a new driver pay? We've crunched the numbers to break down the cost of UK car insurance for an 18-year-old driver in England by capital, so you'll know what you can expect to pay based on where you live. The price will be the same for 17 and 19 year olds.
If price is a priority for you, you may choose one of the cheapest plans available to you. The team collected the insurance policies of over 400 young drivers in 10 cities in England, and calculated that the average cost of cover for an 18-year-old driver was £1,752 a year. But the prices varied by area, with young drivers in Liverpool, Birmingham, Bradford and Manchester charging more than £2,000 a year. Young drivers in Sheffield and Bristol pay the least in our survey, just over £1,100 a year. This means that young drivers in some areas pay almost 2X as much as young drivers in other areas.
Young Driver Insurance Without Black Box
Between the high cost of insurance and the average driver spending £1,000 on driving lessons (at a cost of £23 an hour a long driving lesson), a young driver is not cheap.
To illustrate what a young driver would typically pay for car insurance, we took the example of an 18-year-old male driver with a UK license who drives a 2016 Ford Fiesta, a popular car in the UK. (For more information on how insurance costs vary by car make and model, please see our article, What is Insuring on the Most Popular Cars in the UK?) In total we have over 400 driver's lists in London, Birmingham, Leeds vs. . , Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland, driving less than 5,000 miles a year. Quotes include courtesy car, breakdown, personal accident and policy cover. Information collected
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