Cheapest Car Insurance for Teens in 2022
the cheapest auto insurance for teens is from travellers, grange and usaa. On average, teen drivers pay between $1,812 and $3,343 per year for an individual car insurance policy, with the exact cost depending on their age, status, and gender. by comparison, a family policy with an additional teenager costs about $2,151 per year.
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the cheapest car insurance for young people
- travellers: $1,313 per year
- farm: $1,584 per year
- united states: $1,600 per year
- mercury: $1,684 per year
- progressive: $1,835 per year
- state farm: $1,896 per year
- safeco: $2,034 per year
- mutual freedom: $2,065 per year
- $15,000 bodily injury liability coverage per person
- $30,000 bodily injury liability coverage per accident
- $5,000 in accidental property damage liability coverage
Teen drivers typically pay much more for coverage than older, more mature drivers due to their lack of experience and increased risk of having an accident. As a result, it’s important to shop around when shopping for a policy to find the best deal available.
Reading: Where to get cheap car insurance for young drivers
the 5 cheapest car insurance companies for teenagers
travelers has the cheapest rates for teen drivers, on average, according to analysis by wallethub. In addition to low teen fares, Travelers offers a variety of discounts that young drivers may qualify for, including good students, driver training, and out-of-school student discounts.
usaa is only available to military service members, veterans and their families, but is an affordable option for drivers who qualify. usaa not only offers several discounts that teens are eligible for, but also offers several coverage add-ons to better protect policyholders in the long run, including roadside assistance and accident forgiveness.
In the 11 states where it operates, mercury is a great option for teens looking for affordable coverage. The company doesn’t offer as many discounts as other insurers, but its basic premiums are still competitive. Plus, the company’s coverage options are standard, making it a good option for teens looking for basic coverage.
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progressive offers a combination of low prices, attractive discounts and varied coverage options, making it a great option for teen drivers and their families. For example, parents can get a teen driver discount if they add a driver under the age of 18 to their policy.
state farm is the largest auto insurance company in the united states, making it a widely available option for teens. The company also offers a variety of specialized coverage types and allows teens to qualify for various discounts that can lower their already affordable premiums.
the cheapest car insurance for teenagers by age
Car insurance is the most expensive for 16-year-olds, as they have the least amount of experience on the road. After that, the cost of coverage starts to go down each year. this trend generally continues until a driver reaches the age of 20.
Another factor that affects the cost of an individual teen auto insurance policy is gender. On average, male teen drivers pay 10% more for coverage than female drivers, as they are more likely to be in an accident.
cheapest car insurance for teens is added to a policy
Adding a teen to a family policy is much more cost-effective than having them purchase an individual policy. For example, auto insurance for a 16-year-old costs an average of $3,343 each year. But if you add a teen to your existing insurance policy, you’ll only increase her premium by an average of $1,431.
cheapest auto insurance for teens by state
how to find cheap car insurance for teenagers
1. consider adding your teen to an existing policy
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If you can afford it, you should add your teen to a family policy instead of buying their own. although your premium will increase, it is still a much more profitable option.
2. look for discounts
Most auto insurance companies offer a variety of discounts that can make teen coverage more affordable. For example, every major insurer offers a good student discount for teens in high school or college who maintain at least a “B” average. And if your teen is going to college at least 100 miles from the insured vehicle, they may qualify for an out-of-school student discount.
3. balance cost and caution when choosing coverage
Because auto insurance for teens can be expensive, it can be tempting to buy a liability policy just to save on premiums. But keep in mind that teens are more likely than adults to be in a car accident, so be careful when buying a policy with limited coverage.
4. search for a policy
The most effective way to get cheap car insurance for teens is to shop around. In general, it is recommended that you obtain quotes from at least three different insurance companies before purchasing a policy. Even after you have coverage, it’s usually a good idea to shop around every 6 to 12 months to make sure you’re getting the best deal.
Premiums used for this comparison are an average of a series of quotes obtained from Quadrant Information Services for California zip codes, based on drivers ages 16-19 with clean driving records. the following coverage limits applied:
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