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

Byadinsurecar

Feb 17, 2022

But tied if you already know to add a adolescent to your policy, you can still save by getting quotes from multiple indemnity 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 cable 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 policy companies are taking a more significant risk by insuring teens because young and inexperienced drivers are more probable to get into an accident. As a leave, car indemnity for teens is more expensive, but you can however find savings by shopping about. MoneyGeek found that Allstate or GEICO are the cheapest options on average for families looking to add a adolescent to a car insurance policy, but that it could change depending on our driver ’ second age and state. Our data provides guidance on cheap car insurance for teens, nationally and in your state. But your quote will differ based on many factors, including your own force history. That ’ south why it ’ s crucial to comparison workshop for adolescent car indemnity to get the best pace and find out how to reduce your car indemnity 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 level is Allstate or GEICO. These companies charged our sample family an average of $ 3,146 and $ 3,152 per year. 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

policy may be priced differently depending on your express. In the 50 states and Washington D.C. Allstate is the cheap in 15 states for 16-year-old teens, more than any other company. GEICO and Progressive are a close second, the cheapest in 13 states. Browse to your submit to find which party is cheapest on average where you live.

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

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state Cheapest company 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 syndicate policy, GEICO and Allstate are the most low-cost national companies on average. Unlike the 16-year-old age group, GEICO is the cheapest overall with an modal cost of $ 2,823 per year. State Farm, Progressive and Nationwide all quoted our sample syndicate 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 country level, GEICO and Allstate are still your best stake for low-cost coverage for a 17-year erstwhile adolescent. GEICO is the cheapest ship’s company in 20 states and Allstate is the bum in 17. There is no submit in which Nationwide is the cheapest insurance company on average, 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 company 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 still makes sense to add them to a family policy to save money. nationally, GEICO is the gain winner for affordability. Families paid an average of $ 2,526 per class, more than $ 100 cheaper than the runner-up, Allstate.

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

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

At a department of state flush, our results for 18-year-old teens are more divide. GEICO and Allstate are the cheapest companies in 17 states each, but there are nine states in which State Farm is the bum and eight in which Progressive is the most low-cost choice. The range 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 location. coil for more

submit Cheapest ship’s 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: First-Time Car Insurance Buyers: How to Buy Insurance and Find an Affordable Rate
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 parent ’ south home, they will need to purchase their own cable car policy policy. For 19-year-old teens who buy their own policy, we found that State Farm and Allstate are the cheapest companies on average. State Farm quoted our sample distribution adolescent at a rate of $ 2,462 per year.

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

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company 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 report for 19-year-old teenagers depending on their state. Although State Farm is the cheapest insurance company nationally, it ’ s alone 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 dear chance it ’ south one of the cheapest for you where you live.

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

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country Cheapest company annual bounty
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

cable car policy for adolescent drivers still depends on many factors, and your goals will figure into that equality. For case, you may be looking for the cheapest option for the average adolescent or looking for good student or military discounts. Those will impact your car policy options, though rates will hush vary from person to person. With that in beware, consider the best options for four different 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 wide array of money-saving options for policyholders with a adolescent driver on their kin policy .Allstate

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 demeanor programs that help you save .State Farm State Farm ‘s congress of racial equality 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 end deduction class, and the latter can save you up to 30 % on your 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 away from home, your parents can much get a discount on their bill. Allstate offers one of the most competitive examples of this .Allstate Allstate offers a discount for those whose adolescent drivers are under 21 and attend school at least 100 miles aside from where their car is garaged. That ’ s precisely one of three ways to access the company ’ s smart scholar dismiss. If your youthful driver fits that description, this can decrease the cost of insuring them while attending college. This is by and large the cheapest option for policyholders in that situation.

Best Teen Car insurance for Military Students: USAA

USAA specializes in insuring drivers in the military, and it ‘s bum for teens and their parents who want to save on their car indemnity .USAA MoneyGeek ’ randomness found that USAA is the cheapest option for adolescent drivers who are in military school or whose parents have a military setting. The company offers a full-bodied array of discounts for these new drivers, including safe drive and full scholar discounts and a driver education deduction. Plus, it sets up that adolescent driver for achiever, giving qualifying drivers a 10 % family bequest discount rate 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 model, you could either consider the price of an person 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 syndicate 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 car policy for a 16-year-old or an older adolescent to a parent ’ mho policy includes alone the adolescent driver ’ sulfur coverage cost. It does not represent the unite 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 difference of over $ 350 per year, according to MoneyGeek ’ sulfur psychoanalysis. During these critical adolescent years, insurance companies have to go by average statistics, rather than an earned driving record to calculate the costs. According data from the National Highway Traffic Safety Administration, male drivers are more likely 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 bounty price. For exercise, a vehicle that ’ second rated high for base hit can help lower the costs while an expensive, fast car might increase the costs. The type of vehicle is an significant consideration when adding a adolescent and a second base or third gear vehicle to your family policy. For reference, hera ’ s how that scenario might play out with two unlike cars :

Average Teen Insurance Cost by Vehicle Type

Camry annual premium $ 3,048Mustang annual agio $ 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 cable car insurance companies offer discounts specifically tailored to adolescent drivers. These can include things like good student discounts and distance college students. here are some specific examples worth note :Safeco For those who have a policy with the party for at least a year, there is a newfangled adolescent reward discount, which can save up to 27 % when a adolescent is added to a policy .GEICO Students with at least a b-complex vitamin average or who have landed on the dean ’ south number or achieved like accolades may entree a discount rate of up to 15 % off .American Family This caller offers young volunteers an choice to earn a dismiss on their car insurance. You ’ d have to be under 25 and arrant at least 40 hours of volunteer knead per year to qualify .Progressive 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 broadcast can besides help young drivers save .Erie 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 first 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 early ways to get low-cost car policy for teens and lower your rates. For exemplar : 1

Limit their driving distances

Some companies will offer discounts to drivers who drive a relatively gloomy amount per class. limited drive 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 ’ south name 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 mechanically assign the highest-cost driver ( typically a adolescent ) to the most expensive vehicle, which can further inflate costs. So it ’ mho constantly 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 ’ second 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 honor teens for being good drivers and citizens and getting good grades. It ’ south important to get several quotes so you can compare policies and keep your costs down. Loading …

Methodology

average adolescent cable car insurance 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 consideration when patronize for cable car policy ?
What features should teens and parents look for when denounce for a car, and how will this shock car indemnity rates ?
How can parents and teens budget for the extra expense of car indemnity ?
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 .