Auto insurance prices fluctuate depending on various factors – but one of the biggest determinants of price is your age. Because teens and young drivers only start behind the wheel, they are usually the most expensive age group to be insured.
According to the bank, parents can expect to see their annual insurance bills increase by $2,531 when a 16-year-old driver is added to their full coverage car insurance policy. For more information, this is not a total cost but an additional cost. The average annual premium for a full-fledged 40-year-old driver with a clean driving record and good credit is $1,771. Also, if a young driver has a car accident or gets a ticket, the insurance value can increase from 20% to 40%.
Looking at the price of Astronomy, we’ve compiled a list of operators with a star ranking that offers strong discounts for young drivers to help lower your premiums. Like all of us, except for accident amnesty facilities and Amica, which does not include coverage in Hawaii, works in 50 states or D.C. Before we dive in, a few things should be remembered here.
Best Auto Insurance for Young Drivers in USA:
Our top industry review of the best car insurance providers describes Liberty Mutual as the best choice for teens. Our runner-up options include State Farm and USAA.
To protect your teen driver, you must evaluate each car insurance company by several criteria. Young adults have additional needs, so you’ll want to look at more than just cost. We recommend looking at insurance ratings, customer service levels, discounts available, and perks like accident amnesty insurance.
1. Liberty Mutual Auto Insurance:
Liberty Mutual has the best car insurance for teenagers due to its wide scope and benefits. Some of the benefits of car insurance that can be useful for young drivers include:
Liberty Reciprocity has a positive reputation among industrial experts. With their accreditation, there is a ranking + from the Better Business Bureau (BBB) , and the best is the best for me. We recommend getting a quote and discussing your discount and savings options with an agent if you’re interested.
2. Progressive Car Insurance:
Progressive U.S. doesn’t offer as high a ranking in the claims department as many other options in the J.D. Power Car Insurance Study. Still, the benefits provided by this company make it the main competitor for the best car insurance for teens. Progressive is one of the largest insurance providers in the country and has been involved since 1937.
This provider has a strong reputation and is known for offering a reasonable price for high-risk drivers who have speeding tickets, DUIs, or accidental accidents in their notes. For teens who have it all, progressives can be useful. When choosing car insurance for teen drivers, you may want to know a lot of progressive discounts.
One of the best parts of Progressive Insurance Expense is a price comparison tool. Instead of shopping with multiple companies, you can use the price comparison tool offered by Progressive to see a competitive company level. As a result of this tool, getting lower rates with other companies has never been heard. It is difficult to find the level of transparency in the insurance industry.
3. AAA Car Insurance:
AAA is more than just roadside assistance and redemption for renting a car. With your membership, you can get lower insurance premiums – even when the policy covers your teen. AAA car insurance is widely considered a leader in the industry and holds an A+ BBB ranking. With coverage, you can get a lot of AAA car insurance discounts. If you’re looking for good roadside assistance plans and different types of car insurance for more plan options, you may want to consider taking an AAA membership and checking out policies.
Best Auto Insurance Costs For Teens:
While the company above offers great discounts and special programs, you may want to consider some providers based on their average rates for teen drivers. Teens enter more claims than older drivers, so car insurance companies raise tariffs for this age group. If you add a 16-year-old to your policy, you can expect the highest cost, but the price will drop significantly every year.
When adding a teenager to your car insurance policy, it’s a good idea to compare your company’s prices with those of others. USAA, Erie, Automatic, Geico, and State Farm are some of the cheapest car insurance companies for teen drivers because their tariffs are far below the national average for ages 16, 17, 18, and 19.
Cheapest Auto Insurance For 16-Year-Olds:
The average annual fee for car insurance for children -16 years old is $6,912. However, it takes into account the average cost for over 80 insurance companies in all 50 states, which means it is certainly possible to find tariffs much lower than this.
ERI Insurance offers the cheapest rates for kids 16 years compared to other best car insurance companies for teens. However, the scope of this provider alone is limited to AS. Available in several states in the central and southern regions and several states in the north.
Cheapest Auto Insurance For 17-Year-Olds:
The average cost of national car insurance for children 17 years old is $5,612. According to the National Highway Traffic Safety Administration (NHTSA), 17-year-olds are at the highest risk of fatal accidents due to limited driving damage and experience. Having a very high demographic means a high tariff for car insurance. The best way to find cheap car insurance for 17-year-olds is to find student discounts and younger drivers.
How do you save money for car insurance for teens?
Insurance premiums are a way to deduct the cost of the policy. For example, being a safer driver uses more efficient vehicles (such as the Honda Civic, Toyota Prius, and Nissan Roses) and costs for teen drivers, according to Giusti. How often you use your car: “Some companies give discounts to motorists who drive less than the average miles per year,” said Janet Ruiz, director of strategic communication for the Insurance Institute Information Institute.
Read Also: How To Make Money Through Insurance
Teens can also meet requirements for the “good students” exemption or receive an exemption based on learning to protect driving habits from defensive driving courses or postgraduate driver’s license programs.
You can also save money if young drivers do not use their cars in their policy because they are still in college. If your policy concerns a young driver still in college without a car, you can also meet the requirements at a lower cost, according to Ruiz. Each insurance operator offers a different discount depending on your coverage option and other factors, so pay to check which ones apply before registering.
