Car Insurance For Teens & Young Drivers: Cheapest and Best Companies in 2022

Byadinsurecar

Mar 23, 2022

But even if you already know to add a adolescent to your policy, you can still save by getting quotes from multiple insurance companies. MoneyGeek collected hundreds of quotes to find the cheapest car indemnity companies for teens on average. We besides have provided recommendations for the best car insurance companies for teens overall, as certain companies tailor policies to young drivers better than others.

Reading: Car Insurance For Teens & Young Drivers: Cheapest and Best Companies in 2022

Cheapest Car Insurance for Teens and Young Drivers

cable car insurance companies are taking a more significant risk by insuring teens because young and inexperienced drivers are more likely to get into an accident. As a result, car indemnity for teens is more expensive, but you can still find savings by shopping around. MoneyGeek found that Allstate or GEICO are the cheapest options on average for families looking to add a adolescent to a cable car insurance policy, but that it could change depending on our driver ’ randomness historic period and state of matter. Our data provides steering on bum car insurance for teens, nationally and in your state. But your quotation will differ based on many factors, including your own drive history. That ’ mho why it ’ mho crucial to comparison shop for adolescent car insurance to get the best rate and find out how to reduce your car insurance costs.

Cheapest Car Insurance for 16-Year-Old Teens – Nationally and by State

If you ’ re adding a 16-year-old adolescent to a family policy, the cheapest company on a national flush is Allstate or GEICO. These companies charged our sample family an average of $ 3,146 and $ 3,152 per class. Competitors tended to charge hundreds of dollars more.

Cheapest Car Insurance for 16-Year-Old Teens – National

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company annual bounty
1 .Allstate $ 3,146
2 .GEICO $ 3,152
3 .State Farm $ 3,406
4 .Progressive $ 3,570
5 .Nationwide $ 3,787

insurance may be priced differently depending on your department of state. In the 50 states and Washington D.C. Allstate is the brassy in 15 states for 16-year-old teens, more than any other company. GEICO and Progressive are a finale moment, the cheapest in 13 states. Browse to your state to find which company is cheapest on median where you live.

Cheapest Car Insurance for 16-Year-Old Teens – By State

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state Cheapest party annual bounty
Alabama

GEICO

$1,613
Alaska

GEICO

$2,325
Arizona

GEICO

$2,083
Arkansas

Allstate

$2,800
California

Allstate

$2,244
Colorado

Allstate

$2,470
Connecticut

GEICO

$2,680
Delaware

Progressive

$3,431
Florida

GEICO

$3,058
Georgia

Allstate

$3,756
Hawaii

State Farm

$704
Idaho

Allstate

$1,636
Illinois

Progressive

$2,535
Indiana

Progressive

$1,361
Iowa

GEICO

$1,326
Kansas

Progressive

$1,915
Kentucky

Allstate

$2,545
Louisiana

State Farm

$7,658
Maine

GEICO

$1,282
Maryland

Allstate

$3,993
Massachusetts

State Farm

$2,359
Michigan

Progressive

$5,492
Minnesota

State Farm

$2,872
Mississippi

Nationwide

$2,880
Missouri

Allstate

$1,417
Montana

Allied

$1,946
Nebraska

Progressive

$1,710
Nevada

Allstate

$4,235
New Hampshire

Progressive

$1,405
New Jersey

GEICO

$2,235
New Mexico

Progressive

$2,304
New York

Allstate

$6,871
North Carolina

State Farm

$1,223
North Dakota

GEICO

$1,601
Ohio

Allstate

$1,463
Oklahoma

Progressive

$2,121
Oregon

Progressive

$2,180
Pennsylvania

Allstate

$3,700
Rhode Island

State Farm

$2,405
South Carolina

GEICO

$2,556
South Dakota

Allstate

$1,725
Tennessee

Progressive

$1,703
Texas

State Farm

$2,811
Utah

GEICO

$2,168
Vermont

Allstate

$1,788
Virginia

Progressive

$1,339
Washington

GEICO

$2,224
Washington D.C.

GEICO

$1,962
West Virginia

Nationwide

$1,790
Wisconsin

Progressive

$1,493
Wyoming

Allstate

$1,874

Cheapest Car Insurance for 17-Year-Old Teens – Nationally and by State

If you ’ re insuring a 17-year-old adolescent on your kin policy, GEICO and Allstate are the most low-cost national companies on modal. Unlike the 16-year-old age group, GEICO is the cheapest overall with an average cost of $ 2,823 per year. State Farm, Progressive and Nationwide wholly quoted our sample family at over $ 3,000 per year.

Cheapest Car Insurance for 17-Year-Old Teens – National

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company premium
1 .GEICO $ 2,823
2 .Allstate $ 2,850
3 .State Farm $ 3,019
4 .Progressive $ 3,571
5 .Nationwide $ 3,751

At a state level, GEICO and Allstate are still your best stake for low-cost coverage for a 17-year old adolescent. GEICO is the cheapest company in 20 states and Allstate is the cheap in 17. There is no state in which Nationwide is the cheapest insurance company on median, so families with a adolescent looking for a quote should start with other insurers.

Cheapest Car Insurance for 17-Year-Old Teens – By State

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state Cheapest party annual premium
Alabama

GEICO

$1,331
Alaska

GEICO

$2,325
Arizona

GEICO

$1,757
Arkansas

Allstate

$2,514
California

Allstate

$2,244
Colorado

Allstate

$2,122
Connecticut

GEICO

$2,637
Delaware

GEICO

$2,960
Florida

GEICO

$3,058
Georgia

Allstate

$3,347
Hawaii

State Farm

$704
Idaho

Allstate

$1,471
Illinois

GEICO

$2,430
Indiana

GEICO

$1,290
Iowa

GEICO

$1,061
Kansas

Allstate

$2,035
Kentucky

Allstate

$2,276
Louisiana

State Farm

$6,674
Maine

GEICO

$1,282
Maryland

Allstate

$3,993
Massachusetts

State Farm

$2,359
Michigan

Progressive

$5,492
Minnesota

State Farm

$2,584
Mississippi

Allstate

$2,711
Missouri

Allstate

$1,237
Montana

State Farm

$1,882
Nebraska

Progressive

$1,846
Nevada

Allstate

$3,755
New Hampshire

Progressive

$1,438
New Jersey

GEICO

$2,203
New Mexico

Progressive

$2,304
New York

Allstate

$6,219
North Carolina

State Farm

$1,197
North Dakota

GEICO

$1,601
Ohio

GEICO

$1,348
Oklahoma

Allstate

$1,917
Oregon

GEICO

$1,824
Pennsylvania

Allstate

$3,398
Rhode Island

State Farm

$2,184
South Carolina

GEICO

$2,556
South Dakota

Allstate

$1,543
Tennessee

GEICO

$1,790
Texas

State Farm

$2,533
Utah

GEICO

$1,815
Vermont

Allstate

$1,488
Virginia

Progressive

$1,339
Washington

GEICO

$2,224
Washington D.C.

GEICO

$1,614
West Virginia

State Farm

$1,677
Wisconsin

GEICO

$1,498
Wyoming

Allstate

$1,668

Cheapest Car Insurance for 18-Year-Old Teens – Nationally and by State

Although 18-year-old teens are finishing up high-school, it calm makes sense to add them to a family policy to save money. nationally, GEICO is the well-defined achiever for affordability. Families paid an average of $ 2,526 per year, more than $ 100 cheaper than the runner-up, Allstate.

Cheapest Car Insurance for 18-Year-Old Teens – National

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company annual agio
1 .GEICO $ 2,526
2 .Allstate $ 2,639
3 .State Farm $ 2,702
4 .Progressive $ 3,177
5 .Nationwide $ 3,687

At a state grade, our results for 18-year-old teens are more divided. GEICO and Allstate are the cheapest companies in 17 states each, but there are nine states in which State Farm is the cheap and eight in which Progressive is the most low-cost option. The rate of quotes shows the importance of shopping between insurers when you have a adolescent on your policy, as the cheapest company can change depending on many factors, including your placement. scroll for more

department of state Cheapest company annual premium
Alabama

GEICO

$1,222
Alaska

GEICO

$2,146
Arizona

GEICO

$1,618
Arkansas

Allstate

$2,250
California

Allstate

$2,121
Colorado

Allstate

$2,037
Connecticut

GEICO

$2,449
Delaware

GEICO

$2,623
Florida

GEICO

$2,864

Read more: Best Car Insurance for Seniors of March 2022
Georgia

Allstate

$2,913
Hawaii

State Farm

$704
Idaho

Allstate

$1,301
Illinois

Progressive

$2,076
Indiana

GEICO

$1,184
Iowa

GEICO

$966
Kansas

Progressive

$1,790
Kentucky

Allstate

$2,001
Louisiana

State Farm

$5,866
Maine

Allstate

$1,190
Maryland

Allstate

$3,419
Massachusetts

State Farm

$2,359
Michigan

Progressive

$4,614
Minnesota

State Farm

$2,330
Mississippi

Allstate

$2,459
Missouri

Allstate

$1,173
Montana

State Farm

$1,703
Nebraska

Progressive

$1,675
Nevada

Allstate

$3,204
New Hampshire

Progressive

$1,172
New Jersey

GEICO

$2,158
New Mexico

Progressive

$1,844
New York

Allstate

$5,589
North Carolina

State Farm

$1,168
North Dakota

Progressive

$1,431
Ohio

GEICO

$1,238
Oklahoma

Allstate

$1,755
Oregon

GEICO

$1,660
Pennsylvania

Allstate

$3,019
Rhode Island

State Farm

$1,998
South Carolina

GEICO

$2,175
South Dakota

Allstate

$1,413
Tennessee

GEICO

$1,635
Texas

State Farm

$2,275
Utah

GEICO

$1,669
Vermont

Allstate

$1,416
Virginia

Progressive

$1,040
Washington

GEICO

$2,075
Washington D.C.

GEICO

$1,478
West Virginia

State Farm

$1,536
Wisconsin

GEICO

$1,367
Wyoming

Allstate

$1,453

Cheapest Car Insurance for 19-Year-Old Teens – Nationally and by State

once teenagers get older and move out of their rear ’ second dwelling, they will need to purchase their own car insurance policy. For 19-year-old teens who buy their own policy, we found that State Farm and Allstate are the cheapest companies on median. State Farm quoted our sample adolescent at a rate of $ 2,462 per year.

Cheapest Car Insurance for 19-Year-Old Teens – National

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caller annual premium
1 .State Farm $ 2,462
2 .Allstate $ 2,467
3 .GEICO $ 2,473
4 .Progressive $ 3,415
5 .Nationwide $ 3,521

however, it could be a different history for 19-year-old teenagers depending on their country. Although State Farm is the cheapest insurance company nationally, it ’ s only the cheapest company for our sample distribution adolescent in 13 states. GEICO is the most low-cost option for 19-year-old teens in 26 states, meaning there ’ s a good opportunity it ’ sulfur one of the cheapest for you where you live.

Cheapest Car Insurance for 19-Year-Old Teens – States

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state Cheapest party annual premium
Alaska

GEICO

$2,017
Alabama

GEICO

$1,449
Arkansas

GEICO

$2,197
Arizona

GEICO

$1,275
California

Allstate

$2,148
Colorado

Allstate

$2,001
Connecticut

GEICO

$2,373
Washington D.C.

GEICO

$1,567
Delaware

State Farm

$2,827
Florida

GEICO

$2,534
Georgia

Allstate

$2,723
Hawaii

GEICO

$708
Iowa

GEICO

$979
Idaho

State Farm

$1,277
Illinois

GEICO

$2,012
Indiana

GEICO

$1,109
Kansas

Allstate

$1,773
Kentucky

State Farm

$2,022
Louisiana

State Farm

$5,480
Massachusetts

GEICO

$1,680
Maryland

Allstate

$2,979
Maine

GEICO

$1,154
Michigan

GEICO

$4,769
Minnesota

State Farm

$2,275
Missouri

Allstate

$1,346
Mississippi

Allstate

$2,112
Montana

State Farm

$1,578
North Carolina

GEICO

$727
North Dakota

State Farm

$1,390
Nebraska

Allstate

$1,376
New Hampshire

GEICO

$1,273
New Jersey

GEICO

$2,120
New Mexico

State Farm

$2,263
Nevada

GEICO

$2,559
New York

Allstate

$5,585
Ohio

GEICO

$1,356
Oklahoma

GEICO

$1,740
Oregon

GEICO

$1,943
Pennsylvania

State Farm

$2,763
Rhode Island

State Farm

$1,840
South Carolina

GEICO

$2,003
South Dakota

State Farm

$1,473
Tennessee

State Farm

$1,799
Texas

GEICO

$1,850
Utah

GEICO

$1,616
Virginia

Progressive

$1,324
Vermont

Allstate

$1,416
Washington

GEICO

$1,794
Wisconsin

GEICO

$1,385
West Virginia

State Farm

$1,521
Wyoming

Allstate

$1,565

Four Best Car Insurance Companies for Teens and Young Drivers

car insurance for adolescent drivers still depends on many factors, and your goals will figure into that equality. For example, you may be looking for the cheapest choice for the average adolescent or looking for good scholar or military discounts. Those will impact your car indemnity options, though rates will calm vary from person to person. With that in mind, consider the best options for four unlike situations.

Best Teen Car Insurance for Affordability: Allstate

Allstate stands out in the adolescent driver class because it is systematically among the cheapest insurers for all ages, and it besides offers a broad array of money-saving options for policyholders with a adolescent driver on their class policy .

Allstate has a program called Drivewise, which gives teen drivers feedback and can translate to savings for safe drivers.
It also has other options for saving in the form of “smart student” discounts for good grades, which can help lower costs.

Best Teen Car insurance for Student Discounts: State Farm

State Farm offers four primary student-related discounts that can help lower costs, along with driving behavior programs that help you save .

State Farm ‘s kernel discounts include :

Good student
Student away at school
Driver training
Safe driving habits

The insurance company besides have Steer Clear and Drive Safe and Save programs, which fit into that last discount category, and the latter can save you up to 30 % on your cable car indemnity costs. Both programs can be completed via an app, and Drive Safe and Save can be completed via OnStar. These factors help make it the cheapest option for those with student drivers.

Best Teen Car insurance for Student Away from Home: Allstate

If you ‘re a adolescent student living aside from home plate, your parents can much get a deduction on their bill. Allstate offers one of the most competitive examples of this .

Allstate offers a discount for those whose adolescent drivers are under 21 and attend school at least 100 miles away from where their car is garaged. That ’ s just one of three ways to access the company ’ s smart scholar discount. If your youthful driver fits that description, this can decrease the price of insuring them while attending college. This is generally the cheapest choice for policyholders in that situation.

Best Teen Car insurance for Military Students: USAA

USAA specializes in insuring drivers in the military, and it ‘s brassy for teens and their parents who want to save on their car insurance .

MoneyGeek ’ randomness found that USAA is the cheapest choice for adolescent drivers who are in military school or whose parents have a military background. The company offers a full-bodied range of discounts for these young drivers, including safe drive and good scholar discounts and a driver train discount. Plus, it sets up that adolescent driver for achiever, giving qualifying drivers a 10 % family bequest deduction once they get their own policy.

What Is the Average Cost of Car Insurance for Teens?

It depends on how you look at it. For exemplar, you could either consider the cost of an individual policy for a adolescent driver — this tends to be the more expensive choice. Or you could consider the cost of adding that driver to a family policy. here are the averages for those two segments :

Average cost for an individual teen policy: $4,866
Average cost to add a teen to a family policy: $3,048

Keep in mind that the above figures are calculated based on an 18-year-old driver. The average cost to add cable car policy for a 16-year-old or an older adolescent to a rear ’ sulfur policy includes entirely the adolescent driver ’ south coverage price. It does not represent the combine costs.

Cost of Insuring Teen Males vs. Females

On average, it costs more to add a male adolescent driver to your class policy than a female adolescent driver. In fact, the cost is a dispute of over $ 350 per year, according to MoneyGeek ’ s psychoanalysis. During these critical adolescent years, indemnity companies have to go by average statistics, rather than an gain drive record to calculate the costs. According data from the National Highway Traffic Safety Administration, male drivers are more probably to be involved in black accidents than female drivers. This makes them a higher risk and consequently more expensive to insure .

Average Insurance Costs for 18-Year-Olds Male vs. Female

Female 18-Year-Old $ 2,686Male 18-Year-Old $ 3,048Premiums for males are on average: : $ 362 more This is 13 % more expensive.

Cost of Insuring a Teen With a Camry vs. a Mustang

The type of car your adolescent drives will besides impact the agio price. For model, a vehicle that ’ second rated high for safety can help lower the costs while an expensive, fast car might increase the costs. The type of vehicle is an crucial consideration when adding a adolescent and a second or third vehicle to your syndicate policy. For reference, here ’ s how that scenario might play out with two different cars :

Average Teen Insurance Cost by Vehicle Type

Camry annual agio $ 3,048Mustang annual premium $ 4,454Owning a Mustang is : $ 1,406 more This is 46 % more expensive. The Insurance Institute for Highway Safety is a great place to start looking at guard ratings for specific vehicles. related TOPIC ABOUT SPORT CARS INSURANCE

Best Cheap Car Insurance for Sports Cars

Car Insurance Discounts for Teens

many car indemnity companies offer discounts specifically tailored to adolescent drivers. These can include things like commodity student discounts and distance college students. hera are some specific examples deserving note :

For those who have a policy with the company for at least a year, there is a new adolescent wages deduction, which can save up to 27 % when a adolescent is added to a policy .

Students with at least a b average or who have landed on the dean ’ second list or achieved like accolades may access a discount of up to 15 % off .

This company offers young volunteers an choice to earn a discount rate on their car policy. You ’ d have to be under 25 and complete at least 40 hours of volunteer work per class to qualify .

Those who turn 18 and have an existing policy can earn an average of a 10 % drop in rates and another 16 % drop at historic period 21. The snapshot course of study can besides help young drivers save .

For those who have been with the company for at least three years ( in some cases, though, this is waived ), the company will forgive the inaugural at-fault accident. Erie Insurance offers a rate-lock, which would freeze your rates year after year unless you alter the policies by adding another car or driver.

How to Get Cheaper Car Insurance for Teens and More Advice for Parents

There are other ways to get low-cost cable car indemnity for teens and lower your rates. For example : 1

Limit their driving distances

Some companies will offer discounts to drivers who drive a relatively low amount per class. restrict repel to daylight hours can besides help decrease their chances of getting in a car accident, which would increase the costs. 2

Keep the car title in your name

In some cases, putting your child ’ second appoint on the title will mean they need to get their own policy, which tends to be more expensive. 3

Ask your insurance agent to assign your teen to the cheapest car.

Some companies may automatically assign the highest-cost driver ( typically a adolescent ) to the most expensive vehicle, which can further inflate costs. So it ’ south always worth specifying which car should be assigned to them. 4

Have your teen take a driving course

Some companies will offer discounts for those who complete such courses like driver ’ mho education. The costs for insuring a adolescent driver vary greatly depending on factors such as what they drive, how well they drive and where they live. thankfully, there are many discounts available that reward teens for being good drivers and citizens and getting good grades. It ’ s significant to get respective quotes so you can compare policies and keep your costs down .

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Methodology

average adolescent car indemnity premiums are calculated based on rates for 100/300/100 comprehensive collision coverage with a $ 1,000 deductible for drivers aged 16 to 19. Unless differently stated, the average adolescent driver profiled has no tickets or accidents and drives a 2010 Toyota Camry LE.

Learn More About Car Insurance

Expert Advice: Navigating Auto Insurance for Teens & Young Drivers

What factors should teens or their parents take into circumstance when shopping for car insurance ?
What features should teens and parents look for when shop for a cable car, and how will this affect car insurance rates ?
How can parents and teens budget for the extra expense of car policy ?
What steps can teens take to improve their drive habits and stay dependable on the road ?

Dr. Jose Mendoza assistant Professor in Marketing, Jack Welch College of Business & Technology at Sacred Heart University Dr. Stephen Gray Assistant Professor of Finance at Western Illinois University Chad Nehring Certified Financial Planner William Nunn, CFP® Managing Member, Founder of Horizon Financial Planning LLC Joe Roberts, Ph.D. Director, Center for Innovation and Professional Development at Webster University Dr. Mikhail Kouliavtsev Department Chair and Professor of Economics and Finance at Stephen F. Austin State University Daniel Roccato clinical Professor of Finance at the University of San Diego School of Business J. Franklin Potts Associate Professor – finance, Insurance & Real Estate at Baylor University John Longo Professor of Finance at Rutgers Business School ; Author of Buffett ‘s Tips : A Guide to Financial Literacy and Life Laurie Meamber Associate Professor of Marketing at George Mason University Amit Sinha Professor of Finance and Quantitative Methods at Bradley University PV Viswanath Graduate Program Chair in the Department of Finance and Economics at Pace University David Sacco Practitioner in Residence at the University of New Haven Dr. Aniruddha Pangarkar Assistant Professor of Marketing at the University of Wisconsin-Green Bay Bridgette Long fiscal Coach, Insurance Agent, & Managing Broker for Quality Professional Management, Inc Prachi Gala Assistant Professor of Marketing at Elon University Dr. Christopher Newman Associate Professor of Marketing at The University of Mississippi Kelan Kline personal Finance Expert and Owner of The Savvy Couple Pam Shadel Fischer Senior Director of External Engagement at Governors Highway Safety Association ( GHSA ) Tiffany Grant Owner & Financial Wellness Facilitator Clint Haynes President, Certified Financial Planner® at NextGen Wealth Lawrence Gonzalez owner of The Neighborhood Finance Guy Josh Hastings personal Finance Writer Ramon DeGennaro HCB Professor of Banking and Finance at The University of Tennessee, Knoxville Jonathan Haughton Professor and Chair, Economics Department, Suffolk University Dr. Michael Shipman, CPA Assistant Professor of Accounting at Mount Aloysius College Coby Cress Wealth Advisor, CFP® at Beacon Pointe Advisors About the generator expert-profile Devon Delfino is an autonomous diarist based in the Pacific Northwest. She earned her Bachelor of Science degree in journalism from Boston University. Her personal-finance report has been featured in publications such as the L.A. Times, Teen Vogue, Mashable, MarketWatch, CNBC and USA Today, among others .