U.S. News offers advice on the best cheap car insurance for new drivers, including teenagers.
New drivers pay significantly more for car insurance than experienced drivers, but some companies still offer great prices and comprehensive coverage.
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.
Note from our editor: Maybe you’re searching for car insurance for the first time or want to do some insurance shopping to help lower your monthly premium? This article can serve as a starting point for your car insurance research. There are a lot of factors when it comes to the cost of car insurance, so while you may not see the exact premiums we’ve researched, they can give you an idea of some of the insurers offering the cheapest rates in your state. We compared the rates for basic coverage from several insurers to find the average cost ...
Cheapest for..., Company, Average monthly cost in New Jersey, LEARN MORE ; 20-year-olds, Travelers, $172, Compare Quotes Compare rates via EverQuote’s website ; 30-year-olds, Travelers, $119, Compare Quotes Compare rates via EverQuote’s website ; 40-year-olds, Travelers, $113, Compare Quotes Compare rates via EverQuote’s website
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.
See our top picks for the best cheap car insurance for new drivers. Our ratings are based on cost, coverage, complaints and collision repair.
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Provider, Our Overall Rating, Average Annual Cost ; 1. USAA, 4.6, $1,054 ; 2. Erie Insurance, 4.5, $1,238 ; 3. Nationwide, 4.3, $1,281