Best Car Insurance For Young Male Drivers - No wonder young teen drivers pay more for car insurance. A young driver's lack of experience and limited driving history are potentially risky for auto insurers, so they charge more to insure new drivers. But how much will the new driver pay? We've calculated the numbers to determine the cost of UK car insurance for UK drivers aged 18 and under by major city, so you know what to pay depending on where you live. Rates will be similar for 17 and 19 year olds.
If price is your priority, you will likely choose one of the cheapest plans available to you. The team collected over 400 young driver insurance quotes across 10 UK cities and calculated that the average premium for cheap comprehensive coverage for an 18 year old driver was £1,752 a year. But rates vary significantly by region, with young drivers in Liverpool, Birmingham, Bradford and Manchester being quoted in excess of £2,000 a year. Young drivers from Sheffield and Bristol pay less in our study, over £1,100 a year. This means young drivers in some areas pay almost 2X more than young drivers in other areas.
Best Car Insurance For Young Male Drivers
Between the high cost of insurance and the average driver spending over £1,000 on driving lessons (at a cost of £23 per hour-long driving lesson), young drivers don't come cheap.
Best New And Used Cars For Teens
In order to determine what young drivers typically pay for comprehensive car insurance, we collected quotes for a sample of 18 year old male drivers with a full UK license who drive a 2016 Ford Fiesta, the UK's most popular car. United. (For more information on how insurance costs vary by car make and model, see our article How much does it cost to insure the UK's most popular insurer?) In total, we've collected over 400 quotes for drivers living in London, Birmingham, Leeds. , Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland, which travel less than 5,000 miles a year. Quotes include coverage for courtesy car, breakdown, personal accident and legal coverage. Quotes are collected from plans of these auto insurance companies:
The guidance on this website is based on our own analysis and is intended to help you identify options and narrow down your choices. We do not advise or inform which products to buy; do your own due diligence before entering into any agreement. Read our full disclosure here.
Advertiser Disclosure: Authorized and regulated by the Financial Conduct Authority (FCA), FCA FRN 797621. is a data-driven personal finance website. The ratings that appear on this site are based on our own analysis and opinion, with a focus on product features and pricing, not services. Some of the offers that appear on this site are from companies that receive compensation. This compensation may affect how and where offers appear on this website (eg, 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 use our best efforts to be comprehensive and up to date with product information, pricing and terms may change after publication, so always check with the supplier for details. Customers must ensure that they do their own due diligence before entering into any contract. Erie offers the cheapest auto insurance for 20-year-old drivers at $2,332 a year, based on our analysis of thousands of rates in nine states. To find the cheapest rates, get free insurance quotes online to compare prices from the cheapest companies for teen drivers like Erie, Geico and USAA.
Erie insurance, available in 13 states, has the cheapest rates for 20-year-olds at $2,332 a year. USAA, which is only available to service members and their families, is the second most affordable at $2,732 a year.
Nine Cheapest Cars For Young Drivers To Insure In 2020
Among the available insurers, Geico is the cheapest for a 20-year-old, at an average of $3,026 per year.
All-state fares are particularly expensive, with premiums nearly twice as expensive as the next most expensive competitor, Progressive. If you're a young driver looking for cheap car insurance, it's important to research and compare prices to find the cheapest insurance for you.
Young drivers, especially those aged 25 and under, tend to have very high car insurance rates because they have more accidents on average and are considered riskier by insurers.
From 18 to 20 years old, the average cost drops by almost $2,000 a year. Additionally, fees drop by more than $900 a year on average between the ages of 20 and 21.
Compare 2022 Car Insurance Rates Side By Side
20-year-old drivers pay an average of $5,777 a year, which is $519 more than female drivers, who pay $5,258 a year. This is because, on average, young male drivers have more accidents than young female drivers.
Some countries prohibit using gender as a price variable, so men and women of the same age must pay for car insurance in those countries:
Geico is the cheapest insurer in most states. But these are average rates - the best way to find a bargain for yourself is to shop around.
We do not include USAA in this recommendation, as its policies only address current or former military personnel and their families. If USAA joined, it would offer the cheapest auto insurance to 20-year-olds in Illinois, Michigan, New York and Texas.
How Much Does Car Insurance Cost On Average?
Car insurance prices can vary greatly from state to state. Michigan is the most expensive state for car insurance for 20-year-old drivers, averaging $16,367 a year.
On the other hand, North Carolina has the cheapest car insurance for young drivers. The average fee for our 20-year-olds is $2,035 per year, and it is the only country with a fee below $3,000.
The quotes we collect are just averages, and the truth is that each car insurance quote will be unique to your driver profile. But there are some proven ways to save on 20-year-old car insurance.
If your parents keep it on their policy, it will almost certainly be the cheapest way to get car insurance. y The premium increase on your parents' policy is likely to be less than the cost of your own policy.
Affordable Car Insurance For Young Adults
The same 20-year-old can see a difference of hundreds - or even thousands - of dollars between multiple insurers for the same coverage.
In California, for example, our sample of 20-year-old drivers paid $2,708 a year with State Farm versus $5,885 with Farmers on average. This is an extreme difference, but even the difference between State Farm, the cheapest insurer, and AAA, the third cheapest, is hundreds of dollars.
If you're 20, look for cheap quotes online and make sure you get the same coverage from each. Start with our recommendations for the cheapest in your country, but also expand your search to other insurers, because you never know who might offer the cheapest price.
When you receive a quote, make sure you get credit towards any discounts you qualify for, such as:
Average Cost Of Car Insurance Uk 2022
It's a good idea to buy enough insurance to cover possible liabilities and also damage to your own car. That's why we recommend a full coverage policy, which covers the cost of damages or injuries to third parties for which you are responsible, as well as the cost of damage to your own vehicle.
However, at certain times, you can buy too much coverage and save on your premium by lowering your limit. If you're paying hundreds of dollars more for comprehensive and collision coverage, but your car isn't worth more than a few thousand dollars, you may be paying more to protect your car than it's worth.
We collect quotes from the nine most populous states in the country and cover thousands of zip codes. For our sample drivers, we used 20-year-old men and women driving a 2015 Honda Civic EX. All factors that affect rates, except those discussed in this study, are kept consistent for a fair comparison.
We included 29 insurers in this analysis, and insurers' rates are only included in our average price list and recommendations if their policies are available in at least three of the nine states.
Average Cost Of Car Insurance For 18 Year Olds In 2022
's analysis used insurance cost data from the Quadrant Information Services. These rates are a common source of insurance records and should be used for comparative purposes only - your own quote may differ.
To obtain an insurance quote over the phone, call: (855) 596-3655 | Agents are available 24 hours a day, 7 days a week! Most teens can't wait to get behind the wheel of their first car. What can lead to your excitement is finding cheap car insurance. Unfortunately for young drivers, car insurance can be expensive. There are some great deals on the market, however, if you know where to look.
For this study, we looked at quotes from over 50 car insurers available on 2 major comparison sites to find the cheapest comprehensive plan in major UK cities for new and young drivers.
How Much Is Car Insurance For Teens?
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