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.
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
When you’re young, healthy, and embarking on your adult journey, health insurance might not be at the top of your priority list. After all, between
Company ; Erie ; USAA ; American Family ; Nationwide ; Auto-Owners ; Geico
For young adults between 21 and 25 years old, the best and most affordable car insurance companies are USAA, Central Insurance and Travelers.
Key takeaways ; Motor vehicle crash deaths are near their peak among drivers aged 20 to 24, at a rate of 26.2 per 100,000 people for male drivers and 9.9 for female drivers. As a result, insurers charge high rates for this age group. (Insurance Institute for Highway Safety) · Progressive, Geico, Auto-Owners, State Farm and Nationwide tend to offer low average premiums and robust coverage options for young drivers. If you’re a young adult, searching for carriers that offer discounts you quali...
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Cheapest for non-military drivers: GEICO · At $177 per month, GEICO offers the second cheapest average rates for young adult drivers and the cheapest overall for non-military members. See the pros and cons of opting for GEICO here and learn why Gen-Z rated them the third-best in ...
Key Takeaways ; USAA offers discounts for active military members who are garaging their cars on a military base or storing their vehicles while on deployment. ; The company offers a mobile app that lets customers download digital insurance cards, request roadside assistance, and update their policies. ; USAA earns high scores from J.D. Power in claims reliability and customer satisfaction. However, it can't officially be ranked because it restricts membership to the military community.
Key Takeaways ; The average annual cost of a car insurance policy is $2,068, according to our study. ; Traffic offenses like speeding tickets and DUIs can significantly increase average costs. ; Teens are among the costliest drivers to insure, while seniors enjoy relatively low rates.