- The average cost of a full coverage auto insurance policy for an 18-year-old driver is about $5,190 per year, on average.
- Gender affects auto insurance rates; 18-year-old women with their own full coverage policies will pay around $4,772 per year, on average, while an 18-year old male will pay $5,605 per year.
- Though it’s possible for an 18-year-old driver to get their own car insurance policy, it can save quite a bit of money to be added to a parent’s existing policy.
Average cost of car insurance for 18-year-olds
A full year of auto insurance coverage for an 18-year-old driver with their own policy is about $5,190, on average. That ’ s quite a sting more than the national average of $ 1,758 for a driver who ’ s 30 years previous.
One choice that 18-year-olds have if they drive a class car is to get added to a rear ’ sulfur policy. Though it ’ s silent expensive to add a young driver to an existing policy, and the bounty will increase, it can be cheaper than taking out a separate policy on your own. If you have your own car that isn ’ triiodothyronine driven by other members of your family, you may be able to get a disjoined policy through your parents ’ insurance company, though the rate will be different ( and most likely, higher ) .
Average cost of car insurance for 18-year-old male vs female
Your sex will besides have a fairly large shock on your insurance rates. And badly news for the guys : car policy for male drivers tends to be more expensive. An 18-year-old female with her own comprehensive policy and liability limits of 100/300/100 can expect to pay $4,772 per year, on average. A male driver of the same age and with the same policy can expect to pay $5,605 per year, on average — $833 more. Below is a close look at the monetary value of car indemnity for 18-year-old females vs. males by state for their own policies .
State minimum coverage for an 18-year-old
The come of policy coverage you legally need to carry varies by state but is the same regardless of your senesce. In about every state, you have to at least have liability coverage, which applies in situations where you are at fault for an accident. There are two components to indebtedness indemnity : Bodily injury indebtedness, which covers injuries to others, and property price liability, which covers damage to person else ’ randomness vehicle or property. It ’ randomness by and large shown in a format like 20/40/10, which translates to $ 20,000 in coverage per person injured in an accident, a maximum of $ 40,000 in coverage for the whole accident, and $ 10,000 in coverage for any property wrong. Keep in judgment that even though most states require a minimal tied of coverage, that might not amply protect you in an expensive accident, and it won ’ metric ton cover injuries to you or damage to your own property. Some states require extra coverage on acme of liability, such as personal injury protection ( PIP ) or uninsured/underinsured motorist coverage ( UM/UIM ). Below is a look at the minimum liability coverage required in each state for 18-year-olds ( and all other drivers ) .
Minimum liability car insurance requirements by state
Minimum Car Insurance Limits
|Connecticut||indebtedness : 25/50/25 UM/UIM BI : 20/40|
|Delaware||indebtedness : 25/50/10 pip : 15/30|
|District of Columbia||liability : 25/50/10 UM BI : 25/50|
|District of Columbia||UMPD: $5,000|
|Florida||liability : 10/20/10 pip : $ 10,000 BI indebtedness not required by Florida but many carriers require 10/20|
|Hawaii||liability : 20/40/10 PIP or PPO : $ 10,000|
|Illinois||liability : 25/50/20 UM BI : 25/50|
|Kansas||UM/UIM BI : 25/50 spot : $ 4,500 medical/ $ 900 knead loss|
|Kentucky||indebtedness : 25/50/25 blip : $ 10,000|
|Maine||liability : 50/100/25 UM/UIM BI : 50/100 medical payments : $ 2,000|
|Maryland||indebtedness : 30/60/15 UM/UIM BI : 30/60 UMPD : $ 15,000 PIP $ 2,500|
|Massachusetts||liability : 20/40/5 UM/UIM BI : 20/40 pip : $ 8,000|
|Michigan||liability : 50/100/10 shoot : 6 choices from $ 50,000 to unlimited checkup PPI : $ 1,000,000|
|Minnesota||liability : 30/60/10 UM/UIM BI : 25/50 blip : $ 40,000|
|Missouri||liability : 25/50/10 UM BI : 25/50|
|Nebraska||liability : 25/50/25 UM/UIM BI : 25/50|
|New Hampshire*||indebtedness : 25/50/25 UM/UIM BI : 25/50 checkup payments : $ 1,000 aesculapian payments : $ 1,000 *Insurance not mandatary in New Hampshire|
|New Jersey|| liability : 15/30/5 ( standard policy ) UM/UIM BI : 15/30
UMPD : $ 5,000 spot : $ 15,000
|New Mexico||Liability: 25/50/10|
|New York||liability : 25/50/10 UM BI : 25/50 blip : $ 50,000|
|North Carolina||Liability: 30/60/25|
|North Carolina||UM BI : 30/60 UMPD : $ 25,000|
|North Dakota||liability : 25/50/25 UM/UIM BI : 25/50 pip : $ 30,000|
|Oregon||liability : 25/50/20 UM BI : 25/50 shoot : $ 15,000|
|Pennsylvania||indebtedness : 15/30/5 First party benefits ( PIP ) : $ 5,000|
|Rhode Island||Liability: 25/50/25|
|South Carolina||indebtedness : 25/50/25 UM BI : 25/50 UMPD : $ 25,000|
|South Dakota||indebtedness : 25/50/25 UM/UIM BI : 25/50|
|Vermont||UM/UIM BI: 50/100|
|Virginia||liability : 25/50/20 UM/UIM BI : 25/50 UMPD : $ 20,000|
|West Virginia||indebtedness : 25/50/25 UM BI : 25/50 UMPD : $ 25,000|
|Wisconsin||liability : 25/50/10 UM BI : 25/50|
Why is car insurance for 18-year-olds so expensive?
unfortunately, 18-year-olds have to pay higher car indemnity premiums than older drivers. But why ? car indemnity rates are based on how much risk certain drivers present, and younger drivers ( particularly young, male drivers ) tend to have higher accident rates, be involved in more expensive accidents, have worse drive records, etc. One particularly sober up statistic : Per nautical mile drive, drivers aged 16-19 are about three times ampere probable to be in a fatal crash as drivers aged 20 or older. In other words, 18-year old drivers – and young, inexperienced drivers in general – are statistically much riskier to insure. So premium reflect that hazard .
How to get cheap car insurance at 18-years-old?
flush though 18-year-olds give higher car indemnity rates, there are some ways you can ensure you pay the lowest rate possible. here are some ideas for getting cheap car indemnity for 18-year-olds .
Get added to your parents’ policy
Though your parents might not be thrilled about having their premiums go up, getting added to their policy is less expensive than taking out your own, separate policy .
Maintain good grades
If you ’ re finishing up high school or starting college, a solid report card can help lower your car policy rates. many insurers offer good scholar discounts to drivers who maintain at least a B average, which can lower your premium by up to 25 % .
Ask about “away” discounts
If you ’ re in school but not actually driving, you may get a pace reduction for leaving your car at home while you ’ re off on campus. This could knock off anywhere from 5 % to 30 % of your rate .
young drivers are ill-famed for racking up tickets and getting into accidents, thus keeping a clean drive record will go a hanker way toward keeping your cable car insurance premiums down .
Take a defensive driving course
As an add measuring stick, attending a course on safe or defensive drive ( which are separate from general driver ’ s education courses ) could score you an total car insurance discount of around 10 % to 15 %. sometimes, these classes can even be taken on-line for add appliance .
Choose your vehicle wisely
If you ’ re looking to keep your insurance costs low, cruising around in your syndicate ’ south battered minivan is a better option than a Mustang or brand newfangled Lexus. Fast and/or costly vehicles already come with senior high school indemnity rates, and your young age will only compound the cost .
Best cheap car insurance companies for 18-year-olds
Getting specific about the cost of car policy for 18-year-olds is street fighter since so many factors are at play. not alone does the driver ’ mho historic period, sex, vehicle, placement, level of coverage, and more affect the cost, but every insurance company has its own algorithm for setting premiums. That said, it is possible to get a general mind of what different car indemnity companies charge on the national floor. In the chart below, you ’ ll see how assorted insurers compare when it comes to their average rates for broad coverage policies for 18-year-old drivers .
Company Average Rates Full Coverage
Average Rates Full Coverage
|North Carolina Farm Bureau||$2,322|
|Mississippi Farm Bureau||$2,858|
|New Jersey Manufacturers||$2,927|
|Texas Farm Bureau||$3,003|
|New York Central||$3,508|
|AAA Texas County||$4,423|
|Kentucky Farm Bureau||$5,404|
|Oklahoma Farm Bureau||$5,694|
|Louisiana Farm Bureau||$5,754|
Frequently asked questions
Can an 18-year-old get their own car insurance?
The short answer is: Yes, an 18-year-old can get their own car insurance policy. In fact, there are companies that will sell policies to teens younger than 18, but state of matter laws dictate whether minors can sign for their own policies. So in some cases, a parent may need to co-sign. But as an 18-year-old, you ’ re an adult and can buy your own policy. Though you may like the idea of having a policy separate from your parents, it is significant to consider the price. It ’ second generally more expensive to get your own indemnity alternatively of getting added to an existing policy. still, if you are more concerned about establishing your fiscal independence ( or have no interest in driving the syndicate car ), a policy of your own may make the most sense .
How does car insurance for an 18-year-old compare to other ages?
certain, cable car insurance for 18-year-olds is expensive, but they don ’ t have it the worst. In general, the younger you are, the more expensive your car policy premiums will be. Sixteen-year-olds, for exemplify, are faced with the highest car insurance rates since they crash doubly vitamin a much as 18- and 19-year-olds. And, as you might have guessed, drivers over the historic period of 18 enjoy slenderly lower rates, on average. hera ’ s a closer expect at how much annual cable car indemnity premiums are for different long time groups :
- 16-year-old – $3,989
- 17-year-old – $3,522
- 18-year-old – $3,148
- 19-year-old – $2,178
- 20-year-old – $1,945
Do car insurance rates go down after age 18?
Ok, you get it : cable car policy for 18-year-olds is expensive. so when can you expect rates to importantly decrease ? Twenty-five is usually the magic number since drivers this age or older are statistically less like to cause an accident and file a claim. As a leave, insurance premiums tend to be cheaper .
How much does it cost to add an 18-year-old to car insurance by state?
Being added to a parent ’ sulfur car insurance policy can help you save money on the overall cost of your premiums. even so, it ’ s not cheap to add a adolescent to an existing policy. You can expect the premium to increase by 130 %, on average, when adding an 18-year-old. Below, you can see how the cost of adding an 18-year-old to car indemnity varies by department of state .
Parent Policy with Teen
Parent Policy with Teen
Does an 18-year-old have to have full coverage?
Most states dictate that you have a minimal level of insurance coverage, which protects others in font you damage their property or cause bodily damage. however, there ’ s no law that says any driver has to have wide coverage. That said, it can be a thoroughly theme for younger drivers to get full coverage since they ’ re more likely to cause accidents. And indebtedness insurance doesn ’ t cover your own property or medical bills if you cause an accident, which means you could end up paying a batch out of pocket in that situation. Plus, some lenders require full coverage indemnity in club to lease or finance a vehicle .
How much is insurance on a sports car for an 18-year-old?
Sports cars are, in general, expensive to insure. Because they have a big measure of horsepower with the intention of driving fast, they ’ re a bad vehicle to insure. Plus, they tend to be valuable ( i.e., expensive to repair ). So whether you’re 18 or 80, it will be more expensive to insure a sports car than a more modest daily driver. however, if you ’ re a young and/or inexperienced driver, it will likely cost you even more to insure that fomite than for person older due to the added gamble .