What is the cheapest car insurance company for young drivers?
At a state level, GEICO and Allstate are still your best bet for affordable coverage for a 17-year old teen. GEICO is the cheapest company in 20 states and Allstate is the cheapest in 17.
What age group has the cheapest car insurance?
Costs continue to generally decline with each birthday. Once drivers reach age 50, they'll see their best rates. Around age 60, however, auto insurance costs begin to increase and compare to what drivers see in their 40s.
Which age group pay the most for car insurance?
18-year-old drivers pay the highest car insurance premiums out of the age groups Bankrate analyzed. Males may expect to pay $5,694 per year for full coverage, and females, on average, pay $4,964 per year.
Which auto insurance companies are best for young adults?
Young adults may want to get quotes from Auto-Owners, Geico, Nationwide, Progressive and State Farm due to low average premiums and robust coverage options. Searching for carriers that offer qualifying discounts may help lower young adult rates, which tend to be high. Looking to save money on auto insurance?
How do I choose the best car insurance for young drivers?
The best car insurance for young drivers means buying enough coverage to prevent financial hardships should an accident occur while still paying the most affordable rate. In general, car insurance for young drivers involves two different groups – parents adding a teen driver to their policy and first-time drivers in their early 20s.
What auto insurance does my teen qualify for?
Teens who transition from a family policy to their own auto insurance may qualify for up to a 10% legacy discount on their insurance. State Farm is another carrier with wide availability across the US and a full spectrum of discounts for young drivers.