Best for affordability: Travelers ; Best for customer satisfaction: State Farm ; Best for families with multiple cars: Geico ; Best for military families: USAA ; Best for college students: Progressive ; Best for young drivers on their own policy: Auto-Owners
Geico ; USAA ; State Farm ; Progressive ; The price of car insurance fluctuates depending on a variety of factors -- but one of the biggest determinants of that price is your age. Since teens and young drivers are just getting started behind the wheel, they are typically the costliest age cohort to insure. On average, parents can expect to see their annual insurance bill increase by $2,168 when adding a 16-year-old driver to their full coverage car insurance policy, according to Bankrate. To be clear, that’s not the total cost but an added cost. In comparison, the average annual prem ...
Travelers offers the cheapest full-coverage car insurance for 18-year-olds, with average rates about 33% cheaper than the national average. ; Geico, State Farm, Erie Insurance and USAA round out our top five auto insurers for 18-year-old drivers. ; Full-coverage car insurance for an 18-year-old costs $5,669 per year or $472 per month on average. ; 18-year-olds entering college can take advantage of special discounts for good grades, vehicle storage, and low-mileage driving from select insurance providers.
The best cheap car insurance for young drivers is offered by Central Insurance, USAA, Country Financial, Erie Insurance and Travelers.
Take advantage of good student, defensive driving, and student-away-at-school discounts to lower premiums. ; Adding a dependent to a family policy is often much cheaper than creating their own. ; The best way to get the cheapest insurance for drivers with a permit is to compare quotes and discounts from multiple provider
Key Takeaways ; For most teen drivers, Erie and Auto-Owners may have the cheapest annual rates, according to our study. ; Farmers has the highest sample annual rates for teen drivers in our analysis. ; In general, it’s cheaper to add a teen to an existing family policy than it is for them to buy coverage independently.
Central Insurance is the best and most affordable car insurance company for teens with its lowest average rates starting at $92 per month. ; Rates for teens on average are around $2,706 per year for minimum coverage and $5,192 per year for full coverage. ; Due to their lack of driving experience, teenagers are at the highest risk of accidents in the United States, earning them the highest car insurance rates.
Travelers, Geico and USAA are the most affordable national car insurance providers for 16-year-old drivers. ; Hawaii, Georgia, Vermont and Wyoming have the cheapest average car insurance rates for 16-year-olds. ; Connecticut, Nevada, New York and Louisiana feature the highest average car insurance rates for 16-year-olds.
Key Takeaways ; USAA has the rates for young adult drivers, regardless of gender, according to our study. Nationwide comes in second for young adult females and Erie is second for young adult males. ; On average, young adult drivers pay lower car insurance rates than teenage drivers because they have more experience behind the wheel. ; Young adults seeking cheap car insurance may be able to save on coverage by comparing quotes, maintaining a clean driving record, and exploring discounts.
Finding the best car insurance depends on your budget, needs and whether or not you have a teenage driver. Here are the best car insurance companies for your situation.