State Farm and Geico have the cheapest car insurance for teen drivers. Teens get better rates when added to a parent’s policy than they do on their own.
The best cheap car insurance for young drivers is offered by Central Insurance, USAA, Country Financial, Erie Insurance and Travelers.
graduated driver licensing (GDL) laws on collision claim frequencies of licensed and insured teenage drivers. Method: Automobile insurance collision claim frequencies were computed by year...
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 ...
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.
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.
Learn about car insurance options for teens and new drivers, including discount options, adding, and removing drivers, and more.
Tips for Adding a Teenage Driver to Your Auto Insurance Share full article Enjoy unlimited access to all of The Times. See subscription options
Most jurisdictions relate insurance to both the car and the driver; however, the degree of each varies greatly. Several jurisdictions have experimented with a "pay-as-you-drive" insurance...