Cheap car insurance for young drivers can be hard to find, but not impossible. Here are the cheapest car insurance companies for young 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
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.
Compare Car Insurance · How Much Does Car Insurance Cost? · Named Driver Car Insurance · Best Cheap Car Insurance · Best Black Box Insurance · Comprehensive Car Insurance
Featured Car Insurance Partners ; Good · Geico ; Excellent · OK · USAA ; Very good · State Farm
Cheapest companies in Illinois, Average annual Illinois car insurance cost for good drivers, Learn More ; Mercury, $1,388, Compare Quotes Compare rates via EverQuote’s website ; Geico, $1,691, Compare Quotes Compare rates via EverQuote’s website ; SECURA Insurance, $1,726, Compare Quotes Compare rates via EverQuote’s website
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.
The average full-coverage car insurance rate for teen drivers is 115% more expensive than the national average estimate of $2,681. ; Teens are more expensive to insure because they’re more likely to be in a car accident, according to expert sources. ; While rates will decrease as your teen ages, there are a few ways to lower their premiums in the meantime.
We chose State Farm, USAA, Geico, Erie Insurance and Liberty Mutual as the best providers for new drivers. ; Depending on their location, vehicle, age and other factors, new drivers can pay $3,000 per year or more for car insurance. ; New drivers can save money on car insurance by comparing rates between providers, looking for discounts and dropping unnecessary coverage.
Cheapest Car Insurance Company, Average Monthly Minumum Coverage Rate, Average Monthly Full Coverage Rate ; 1. USAA, $39, $145 ; 2. Central Insurance, $36, $156 ; 3. Travelers, $58, $141