Truly cheap car insurance for young drivers is rare in this day and age, but with these tips you can certainly save money
The best cheap car insurance for young drivers is offered by Central Insurance, USAA, Country Financial, Erie Insurance and Travelers.
Cheap car insurance for young drivers can be hard to find, but not impossible. Here are the cheapest car insurance companies for young drivers.
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.
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
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 ...
Age of main driver, Average annual premiums ; 17 to 19, £1633.74 iv ; 20 to 29, £1079.35 iv ; 30 to 39, £681.33 iv
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.
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
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.