The best cheap car insurance for young drivers is offered by Central Insurance, USAA, Country Financial, Erie Insurance and Travelers.
Car insurance for teen drivers can be expensive. Read more to see average rates for teenagers, the cheapest insurer in your state and how to save.
Drivers are getting a bit desperate. In the face of auto insurance price hikes of over 50 percent in the last three years, it’s tempting to push boundaries when seeking lower annual premiums. Last month, Jerry, a digital insurance broker, published survey results showing that 17 percent of respondents were more likely to give insurers false information now that insurance costs were so much higher. Seven percent had done so already in the previous 12 months.
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.
Discover where you can find cheap car insurance for 18-year-old drivers, whether they will be on a parent's policy or have their own.
Our experts have compiled our picks for the best car insurance for teenagers. Learn how to get the best cheap car insurance with coverage that works for you.
USAA, Travelers and Geico are the cheapest national car insurance providers for 16-year-old drivers.
Texas Farm Bureau has the cheapest car insurance in Texas at $40 per month for minimum coverage. See who else offers low rates.
Finding cheap car insurance for drivers under 25 can be tough, but there are plenty of affordable options if you know where to look.