Key Takeaways
- Out of 10 major car policy companies, Erie Insurance has the cheapest average rate for 18-year-old drivers, at $ 2,663 a year
- adolescent drivers may be able to find even cheaper rates through smaller, regional policy companies
- young drivers can save on car policy by taking advantage of good student and driver ’ mho department of education discounts
10 cheapest car insurance companies for 18-year-old drivers
car indemnity companies consider inexperienced adolescent drivers a hazard to insure, so full moon coverage cable car policy for an 18-year-old can cost thousands of dollars a year. But you can however get an low-cost policy by shopping around and comparing quotes from multiple companies. here ’ s what the 10 largest companies appoint for full coverage car insurance for an 18-year-old driver :
| car indemnity company | cost for 18-year-old driver |
|---|---|
| Erie | $2,663 |
| State Farm | $3,022 |
| American Family | $3,190 |
| GEICO | $3,046 |
| USAA | $2,759 |
| Nationwide | $4,878 |
| Travelers | $4,087 |
| Allstate | $5,465 |
| Progressive | $7,540 |
| Farmers | $7,919 |
Compare rates for 18-year-old drivers
As we ’ ve mentioned ahead, car insurance for teens can be costly because not having much have behind the wheel means a higher chance of accidents. But as young drivers age, car policy rates start to become cheaper, until they level out around the age of 25 .
| age | sex | average annual cost
Read more: The Best Car Insurance Companies for 2022 |
|---|---|---|
| 16 | Female | $6,351 |
| Male | $7,207 | |
| 18 | Female | $4,594 |
| Male | $5,268 | |
| 21 | Female | $2,548 |
| Male | $2,867 | |
| 25 | Female | $1,875 |
| Male | $1,983 |
How to save money on car insurance as an 18-year-old
If you want to save on car indemnity for a adolescent, there are a few steps you can take to lower the costs :
1. Join an existing policy
If you still live at home with your parents or other family, you can save on car insurance by joining their policy quite than getting your own coverage. Their premiums will still go up, but it will be cheaper than if you bought a branch policy .
2. Take advantage of discounts for teen drivers
Discounts can help you lower your rates, and adolescent drivers who are besides full time students can typically earn a discount for maintaining above a certain GPA, or for taking a driver ’ mho education run. Some companies besides offer extra programs designed for adolescent drivers that can earn you even more savings .
3. Compare quotes from multiple companies
Getting quotes from multiple companies can help you find the coverage you need at the cheapest price. You may be able to spend a distribute less at one party than another and hush get the same coverage .
4. Drop comprehensive and collision
You can consider dropping comprehensive and collision coverage if the car your adolescent is driving wouldn ’ deoxythymidine monophosphate be worth repairing or replacing in the event of an accident. You can keep comprehensive examination and collision coverage on early cars on your policy, but dropping those coverage for one car can earn you significant savings .
Frequently Asked Questions
Q: Can I drive my parents car without being under their insurance?
Yes, you can drive your parents car without being under their policy through what ’ sulfur called “ permissive use. ” When you have permission from them to drive their car, your damages are covered if you get into an accident .
Q: What happens if my friend borrows my car and gets in an accident?
If your supporter borrows your cable car and gets into an accident, they ’ ll be covered under your cable car policy. In cosmopolitan, your fiscal protection extends to anyone who is given license to drive your cable car .
Q: How much is GEICO insurance for an 18-year-old?
Our analysis shows that 18-year-old drivers pay an average of $ 3,046 a year with GEICO. But your cable car policy rates can be higher or lower, depending on other factors like where you live and the coverage limits and deductibles you set .
Methodology
Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For entire coverage policies, the come coverage limits were used :
- Bodily wound liability : 50/100
- property damage liability : $ 50,000
- Uninsured/underinsured motorist : 50/100
- comprehensive : $ 500 deductible
- collision : $ 500 deductible
In some cases, extra coverages were added where required by express or insurance company. Our sample vehicle was a 2017 Toyota Camry LE drive 10,000 miles/year. Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample distribution of costs. Your actual quotes may differ .