Cheapest Car Insurance For 18 Year Olds – We found car insurance rates for 18-year-old drivers using Quadrant Information Services quotes. Our data experts analyzed the rate for each zip code in all 50 states plus Washington, DC. for a 2017 Toyota Camry LE with 10,000 miles per year. These prices have been fully assessed with the following limitations:
Some carriers may be represented by affiliates or subsidiaries. Pricing is provided by the pricing model. Your exact words may vary.
Cheapest Car Insurance For 18 Year Olds
The average cost of car insurance for an 18-year-old is $411 per month. That’s $4,931 a year, which is $3,279 more than the average cost of insurance for adults (drivers ages 30, 35, and 45).
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Although rates are higher for 18-year-olds, young drivers can get cheaper auto insurance rates from different companies. For example, rates for 18-year-olds at COUNTRY Financial are 49% lower than for drivers of that age at $209 per month.
Most companies with low auto insurance rates for 18 year olds do not drive around the country, including NATIONAL. But we found the cheapest insurance at USAA, State Farm, and GEICO, which sell auto insurance in every state.
Rating How we rate: “Ratings are determined by our editorial team. Our method uses a number of factors, including price, financial ratings, quality of customer service and other unique product characteristics.
The cheapest insurance company for 18-year-old drivers is NATIONAL. On average, 18-year-olds earn $2,419 less per year than the average for their age group, nearly half the national average.
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NATIONAL is also the best insurance company for under 18 drivers thanks to their discounts. In addition to multi-policy deductibles and traditional deductibles, NATIONAL offers several other savings opportunities designed for young drivers, including:
The state also receives very few claims, according to the Association of Insurance Commissioners. J. D. Power also recognized NATIONAL as one of the best service companies in the Midwest in its 2021 Auto Insurance Survey.
The best overall car insurance for 18-year-olds is GEICO, which has the highest rating among the cheapest companies.
GEICO has the lowest car insurance rates for 18-year-olds in 13 states. After GEICO, USAA is the cheapest carrier in 12 states. And NATIONAL is the cheapest car insurance company for 18 year olds in Illinois and Oregon.
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Depending on where you live, the cheapest rates for 18-year-olds range from $74 to $321 per month.
Hawaii has the cheapest auto insurance for 18-year-olds of any state because it doesn’t allow insurance companies to set rates based on age.
Louisiana is the most expensive state for 18-year-old drivers, with car insurance in the Pelican State costing an average of $748 per month for 18-year-old drivers.
In most states, your premiums are determined by the equity in your rights. Car insurance for male drivers over the age of 18 is on average more expensive than for female drivers of the same profile.
Cheap Car Insurance For 18 Year Olds
On average, rates for male drivers are $439 per month – $56 more than female drivers.
The difference between the cost of car insurance for 18-year-old drivers and drivers with the cheapest companies is the smallest in the Farm Bureau insurance group. At Farm Bureau, male drivers pay just $4 a month for insurance.
Car insurance rates for 18-year-olds are lower than for 16-year-olds, but 18-year-olds pay an average of 198% more than 30-, 35-, and 45-year-olds.
Car insurance rates for 18-year-olds are higher than for older drivers because they are more likely to drive recklessly, get tickets, cause accidents and make claims than experienced drivers.
Best Car Insurance For 18 Year Olds
The Department of Transportation reports that 18-year-old drivers were involved in 9,500 fatal crashes between 2011 and 2020. This is why young drivers pay higher premiums than older drivers. [1]
But while 18-year-olds keep their cars clean, their numbers will drop with age and peak around age 25, when they’re at high risk.
The cost of insurance for 18-year-olds is higher than average, but still cheaper than insurance for young drivers. Compared to 16-year-olds, insurance costs 18-year-olds $1,848 less per year. Between the ages of 16 and 18, car insurance is reduced by 37%.
But compared to drivers with less driving experience, insurance for 18-year-olds is still very expensive. Our analysis shows that the average price for a 21-year-old is $2,223 per year cheaper than for an 18-year-old – a difference of 45%.
Average Cost Of Car Insurance For 17 Year Olds (2024)
An 18-year-old is allowed to get a car insurance policy. Unlike legally licensed young drivers, 18-year-olds can purchase insurance without the consent of a parent or guardian.
But if you have an 18-year-old driver in your family, it’s better to add him to a standard policy than to get one yourself. Most companies still require you to list all licensed drivers on your policy. Adding a young driver to your policy will increase your premiums, but it will likely be cheaper than getting your own policy.
But those under 18 who don’t live at home and own their own car will need their own policy. The only exception is if they are off-campus – many companies offer discounts to families who have a college student living off-campus without a car.
Adding an 18-year-old to car insurance is expensive. But it’s still cheaper to add a teenage driver to your insurance than to take out your own policy.
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Car insurance for 18-year-olds is expensive, but it’s still possible to get cheap insurance. You may not pay more for insurance for teenagers:
If you’re still having trouble finding cheap car insurance for an 18-year-old, the surest way to get the lowest rates is to shop around and compare quotes from several insurance companies in your area.
According to our analysis, insurance for an 18-year-old averages $411 per month, or $4,931 per year. Eighteen-year-old male drivers pay $439 per month, while the average insurance premium for female drivers of the same age is $383 per month.
COUNTRY Best car insurance for 18 year olds. COUNTRY’s coverage costs 18-year-olds an average of $209 per month, the cheapest of all the companies we reviewed. NATIONAL also has discounts that can help young drivers keep costs down.
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Although car insurance for 18-year-olds usually costs less than for 16-year-olds, it will be more expensive for first-time drivers, regardless of their age. This is because insurance companies set rates based on your driving history. Without driving experience, prices will be expensive until you gain experience.
Yes, you can get car insurance at the age of 18. It’s cheaper to join an existing policy if possible, but 18-year-olds can buy their own car insurance without parental permission because they’re still minors.
Uses external sources, including government data, industry research and authoritative news organizations, to complement specific market information and internal expertise. Learn more about how we use and review external sources as part of our quality standards.
Andrew Hurst is a senior writer and auto insurance expert at. His work has also appeared in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Journal, ValuePenguin and Property Casualty 360.
Average Cost Of Car Insurance For 18 Year Olds
Maria Philindras is a financial advisor, licensed health and life insurance agent in California, and a member of the Financial Analysis Board.Toyota Aygo tops list of most affordable cars for 17-year-old drivers Trust: We highlight the ten best car insurance policies for young drivers, to get coverage
Young motorists driving this model will pay an average of just £641 a year, according to figures published by Admiral, which looked at the most expensive cars for young people in the UK.
Getting the best deal possible is important for young drivers as car insurance for their age is usually very high and many pay thousands to hit the road.
Drivers, especially young drivers, are encouraged to shop around for insurance to see if they can save on the insurance company.
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Often, having a link or ‘black box’ can help them save as their driving will be monitored and safer drivers will be paid less.
Claire Egan, Head of Automotive Products at Admiral, said: “With driving lessons now in full swing and test results starting to drop, many young drivers could be close to gaining full driving privileges.
“For many 17-year-olds, the road can be expensive and it requires a lot of expenses. As well as the car payment, new drivers also have to consider the cost of fuel, car insurance, road tax and maintenance – so it all adds up.
“Younger drivers tend to pay more for their insurance because unfortunately the numbers can be higher. They crash more often than older drivers, and their crashes are worse.
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“Car insurance for young drivers won’t be cheap, but shopping around can help
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