What is the cheapest way to get car insurance for a teenager?
What is the cheapest way to get car insurance for a teenager?
The cheapest way to insure a teenage driver is by adding them to your own policy. Buying a teen their own policy is very expensive and generally not advised. Depending on the state, a teen driver’s annual premium could cost up to twice as much on an individual policy as being added to a parent’s policy.
What is the cheapest vehicle to insure for a teenager?
These are the top 10 cheapest cars to insure for teenagers, including the average annual car insurance cost:
- Mazda MX-5 Miata: $2640.
- Subaru Outback: $2735.
- Volkswagen Golf GTI: $2740.
- Mini Countryman: $2766.
- Volkswagen Routan: $2769.
- Smart Fortwo: $2776.
- Fiat 500L 19: $2786.
- Honda Odyssey: $2788.
How much does it cost to insure a teenage driver?
The average annual rate quoted for a teen driver is $2,267. (This average includes all liability coverage levels.) Compare that to an average cost increase of $621 for adding a teen to the parents’ policy — that means you’ll pay 365 percent more by putting the teen on his or her own policy.
How much is car insurance for young drivers?
How much is car insurance for young drivers? The average car insurance rate for a young driver is $2,241 per year for full coverage, according to NerdWallet’s analysis of the five largest auto insurers in the nation. In comparison, the average auto insurance rate for a 40-year-old driver is $1,523 annually — $718 less per year.
How to lower the cost of teen car insurance?
Here are the six ways to lower the cost of a young driver on your policy and save on the cost of your teen’s car insurance: Students with higher grade point averages are usually more responsible and better drivers.
Which is the best auto insurance company for teen drivers?
1 Geico. Geico, a company known for offering a multitude of discounts, may be a good choice for households with teen drivers to insure. 2 State Farm. State Farm is the largest personal auto insurer in the country and one of the best for teen drivers when it comes to discount programs. 3 Progressive.
Which is the best car insurance for a 20 year old?
National average car insurance rates for drivers 20 to 22 years old Company 20-year-olds 21-year-olds 22-year-olds Allstate $3,824 $3,212 $2,998 Geico $2,282 $1,844 $1,702 Progressive $3,473 $2,729 $2,459 State Farm $3,092 $2,670 $2,452
