Cheap car insurance for young drivers can be hard to find, but not impossible. Here are the cheapest car insurance companies for young drivers.
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.
Key Takeaways ; Geico offers the most affordable rates overall for new drivers. ; New drivers can save money by shopping around, maintaining a clean driving record, and consistently earning good grades in school. ; Many insurance companies offer discounts that help young drivers save, including student and defensive driving course discounts.
Company ; Erie ; USAA ; American Family ; Nationwide ; Auto-Owners ; Geico
Insurance Guides ; Table of Contents ; Pros · Snapshot provides personalized rates so safe drivers save more · Premiums are below average for many drivers · Unique coverage options, including pet injury and custom parts ; Cons · Below-average J.D. 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
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
The national average cost of car insurance is $1,340 per year for women and $1,391 per year for men for full coverage. ; Six states ban insurers from using gender to help set rates. ; The biggest discrepancy is in Wyoming, where male drivers pay 13% more than women on average.
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.
COUNTRY Financial : $21, Auto-Owners : $45, NJM : $46, USAA : $56, Erie : $61, GEICO : $66, State Farm : $69, Mile Auto : $70, Root : $73, Allstate : $74, American Family : $75, Metromile : $78, Safeco : $89, Progressive : $89, CSAA : $92, Dairyland : $97, Mercury : $99, Nationwide : $99, National General : $99, Travelers : $104, Clearcover : $108, State Auto : $110, Direct Auto : $120, Elephant : $123, Farmers : $128, Shelter : $132, The General : $134, Chubb : $135, Commonwealth Casualty : $137, GAINSCO : $138, 21st Century : $140 ...
Young adults have the second-highest car insurance rates of any age group behind teenagers — annual full-coverage car insurance rates for 21 to 25-year-old drivers are 43% higher on average than those for 35 to 55-year-old drivers. Annually, car insurance for young adults is around $1,225 per year for minimum coverage and $3,628 per year for full coverage. The cheapest national providers for young adult drivers are USAA, Travelers and Geico.