The best cheap car insurance for young drivers is offered by Central Insurance, USAA, Country Financial, Erie Insurance and Travelers.
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
Best Rates for Adding a 16-Year-Old ; Best Overall Rates ; Best for Low Level of Complaints ; Great for Add-On Coverage Options ; Great Grade From Collision Repair Professionals ; Good for Young Drivers Buying Their Own Policy
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 ...
While paying for car insurance is far from the most enjoyable part of driving, it's a necessary part of getting behind the wheel. Here's where young drivers can find the lowest car insurance rates.
25 year-old drivers pay an average of $256 per month for full coverage and $84 per month for minimum coverage. ; USAA, Auto-Owners Insurance, Travelers and Nationwide provide some of the cheapest car insurance rates for 25-year-olds on average. ; Geico, USAA and Nationwide are some higher ranking companies from our study that have great coverage options, savings opportunities and positive customer experiences. ; 25-year-old drivers don’t have to worry about the same hefty rates that teen drivers do, but their rates are still typically higher than rates for older drivers in their 30s and 40s.
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.
Insurance Company ▲ ▼, Full Coverage ▲ ▼, Liability Only ▲ ▼ ; COUNTRY Financial, $46, $20 ; NJM, $65, $36 ; Auto-Owners, $125, $58
Power rankings · Above-average number of complaints with the National Association of Insurance Commissioners · Young drivers and those with an accident history may find Progressive more expensive
CNBC Select crowns the best car insurance companies for drivers with at-fault accidents, speeding tickets and DUI convictions.