The best cheap car insurance for young drivers is offered by Central Insurance, USAA, Country Financial, Erie Insurance and Travelers.
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
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.
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.
USAA has the cheapest car insurance available to all 25-year-old drivers at $48 per month for minimum coverage.
Key Takeaways ; The average annual cost of a car insurance policy among insurers we analyzed is $2,068, compared to $1,459 a year ago. ; USAA has the lowest sample premiums in our study, but its policies are only available to current and former members of the military and their families. ; Erie, which is available in 12 states and Washington, D.C., has the lowest rates we found for teen drivers.
Finding cheap car insurance for drivers under 25 can be tough, but there are plenty of affordable options if you know where to look.
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
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.
The cheapest car insurance rates for new drivers start at $92 a month and the most affordable providers are USAA, Travelers and Geico. ; Car insurance for new drivers is around $2,706 per year for minimum coverage and $5,192 per year for full coverage. ; Regardless of the age you start driving, insurers will consider you in the highest risk category typically until you have three years behind the wheel.