Teenagers and people in their early 20s, including many high school and college students, pay some of the highest rates for car insurance across the nation. These new drivers lack a drive history .
indemnity companies formulate their rates using existing data that shows how new people and those with no driving know typically drive more recklessly, get into car accidents, and receive a variety of citations, like speeding tickets .
In this review, we will take a look at the least expensive car insurance options for teens, students, and raw drivers. We will besides provide tips for lowering your car insurance premium.
Best Cheap Car Insurance for Teens
According to Savvy data obtained by Kelley Blue Book, the cheapest car policy provider for the youngest drivers is american Family at $ 182.96 per month on average for car insurance. however, the insurance company only operates in 19 states, by and large in the West and Midwest .
We chart out the top-five good and cheapest car insurance for drivers in the 18- to 24-year-old set using the data from Savvy. Read more about the company ’ s methodology .
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|Monthly Rate for 18 to 24-Year-Olds|
source : grok
American Family is followed by Mercury, The General, SafeAuto, and USAA car policy .
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Best Cheap Insurance for Students
According to inquiry from The Zebra, USAA, if you qualify, is among the cheapest and best policy for high school students who drive, costing an estimated $ 355 a calendar month .
USAA entirely offers policy to active voice and erstwhile members of the military, and their children and spouses .
After USAA, the cheapest for students is State Farm. For coverage with this insurance company, a high-school scholar will pay an calculate $ 429 per month on average. The adjacent three cheapest companies for high-school students are GEICO, Nationwide, and Allstate .
College students, on the early hand, can expect to pay a bit less for cable car policy. This is because most of them will have at least some driving experience under their belts .
According to data from The Zebra, the cheapest car indemnity company for college-age students is besides USAA, with the average premium at $ 209 per month. For those who do not qualify for USAA, a State farm policy will cost them $ 275 a month on modal. They can besides expect favorable rates from GEICO, Nationwide, and Progressive .
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Best Cheap Insurance for New Drivers
The cheapest option for fresh drivers is GEICO. According to The Zebra, a driver with no insurance history, careless of senesce, pays $ 633 for a six-month premium with GEICO .
The following bum choice is State Farm ( charging new drivers an average of $ 646 for a six-month policy ), followed by Nationwide ( with a policy rate of $ 661 ). New drivers may besides want to check out Progressive. Its six-month premiums for newfangled drivers come to $ 688 on average .
How Can I Get a Lower Car Insurance Rate?
- Make good grades. The best way teenagers and students can lower their auto insurance premiums is getting good grades. Many car insurance companies offer good-grades discounts.
- Distant student. In addition, if you are a college student and living away from home (more than 100 miles), you may qualify for a student away from home discount if you are on your parent’s policy. Keep in mind that you will be eligible for this discount only if you do not plan to have your own car while away from home.
- Good driver discount. Another great option for teens, students, and new drivers is telematics. Telematics is new technology and basically consists of an app that you download on your phone to track how you drive. If the app deems you a good driver, you will be eligible for significant discounts. However, keep in mind that not all insurance companies offer this option.
- Shop around. To find the best car insurance rates that work for you, it’s best to shop for quotes with various insurers and discuss all your coverage options and discounts. Don’t forget to ask about discounts for car safety features. That will help you get the lowest rate. You can start with this tool from GEICO.