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Some of the best auto insurance for 18-year-olds is from Erie Insurance, with premiums of $241 per month or $2,888 per year for full coverage.
Best Full Coverage Car Insurance For Young Drivers
Written by: Daniel Robinson Written by: Daniel Robinson Writer Daniel is a writer for the Guide Team and has written for a number of automotive news sites and marketing companies in the US, UK and Specializing in car finance and car care topics. Daniel is the guide team’s authority on car insurance, loans, warranties, car services and more. Writer
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Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Managing Editor Rashawn Mitchner is an executive team editor with over 10 years of experience covering personal finance and insurance topics. Senior Editor
Car insurance for 18-year-olds is expensive, whether you add a teen to your policy or buy an individual policy. This is why the best car insurance for 18 year olds should be as cheap as possible.
We, the team of guides, have compared the rates of dozens of providers to find out who offers cheap car insurance for teenagers. Our top pick is Geico, with a full coverage rate of $263 per month or $3,161 per year. Here we take a look at the best options and ways to save.
Cheapest car insurance for teenagers Cheapest car insurance for new drivers Cheapest car insurance with children Average cost of car insurance
How To Find Cheap Car Insurance For Young Drivers
The guide team is committed to providing reliable information to help you make the best possible decision for your car insurance. Because consumers trust us to provide objective and accurate information, we have developed a comprehensive rating system to formulate a ranking of the best car insurance companies. We’ve collected data from dozens of auto insurance providers to rank companies based on a variety of ranking factors. After 800 hours of research, the final result was an overall rating for each provider, with the top-scoring insurers at the top of the list.
Based on our rates, comprehensive car insurance for an 18-year-old costs an average of $4,958 per year, or $413 per month. Adding an 18-year-old to your family policy will increase your rates, but save you money overall. Older drivers are usually even younger than 18 years old.
Many factors affect the price of car insurance for 18-year-olds, including gender, driving history, location and credit score. The gender premium gap is particularly pronounced for teenagers and young adults, with 18-year-old men often paying much higher prices than women of the same age. However, some states do not allow auto insurers to use gender as a factor in calculating auto insurance rates.
Car insurance rates are more expensive for teenage drivers because they have less driving experience and are involved in more car accidents. Even an 18-year-old with a clean driving record is likely to pay a lot more for car insurance than drivers in their 30s or 40s.
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According to the AAA Foundation for Safe Traffic, 18- and 19-year-olds are more than twice as likely to be involved in crashes as drivers 30-39 years old. Below you can see the number of accidents per 100 million kilometers driven, broken down by age group.
The average cost of insurance depends a lot on accidents by age. Below you can see that 18-year-olds pay more than twice as much as 35-year-olds for comprehensive car insurance on average.
The cheapest car insurance for 18-year-olds is Erie Insurance, with average rates of $2,888 per year or $241 per month for comprehensive coverage on individual policies. USAA offers similar rates for about $2,897 a year or $241 a month.
*Auto insurance estimates are based on comprehensive policies with $50,000 bodily injury per person, $100,000 bodily injury per accident, $50,000 property damage per accident, and $500 deductible for collision coverage and comprehensive coverage.
Car Insurance Rates By State (2024)
Geico, Erie, USAA, and State Farm have nationwide options for 18-year-olds, but different providers may be cheaper in your state. Below are the cheapest providers for 18-year-olds in each state and Washington, D.C., based on the total coverage rate.
Eighteen-year-olds in Hawaii, Ohio and Iowa pay, on average, the lowest rates in the nation. Hawaii does not allow age to affect car insurance rates in the state.
On the other hand, average rates for 18-year-olds in Michigan, Connecticut, and Florida can be much more expensive than individual insurance policies.
Some of the best auto insurance for 18-year-olds comes from Geico, USAA, State Farm, Erie Insurance, and Auto-Owners Insurance. Each score provided is based on factors such as price, coverage, reputation, availability and customer experience:
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Geico is our top pick for the best car insurance for people under 18. Considering that Erie is only available in a dozen states and USAA is only available to military, veterans and their families, Geico is the cheapest company with national availability. Our calculations show that Geico’s average rates are about 36% cheaper than the national average for 18-year-olds. Geico also offers driver education and good student discounts that can lower rates for teenage drivers.
USAA is another low-cost option for 18-year-old drivers, with average rates about 42% lower than the typical cost of car insurance for this age group. Your teen may qualify for USAA if one of you is in the military or is a veteran. You can also maintain eligibility as a parent if you are a USAA member.
In addition to low fares, USAA offers reliable customer service. It has an A+ rating from the Better Business Bureau (BBB) and earned the highest score in J.D. Power 2021 U.S. Auto Claims Satisfaction Survey ℠ with a score of 909 out of 1000.
State Farm makes our list of the best car insurance for under 18s because of its student and teen discounts. For example, the Steer Clear® program is a training course for young drivers with discounts at the end. And a good state economy student discount of up to 25% applies until drivers turn 25. Our calculations show that the average state economy rates for 18-year-olds are about 33% cheaper than the national average.
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Erie Insurance offers affordable coverage in 12 states and Washington. Our calculations show that their average rates for 18-year-olds are around 42% cheaper than the national average. Like USAA, Erie scored well in J.D. Power Auto claims satisfaction survey earning 901 1,000 points.
Operating in 26 states, Auto-Owners offers a variety of coverage options and discounts for teen drivers. The company’s good student discount applies if your 18-year-old achieves a B average or better, offering up to 20% off. Young drivers can also get a teen driver monitoring discount if they use a GPS device while driving. Our rates show that car owners are on average around 41% cheaper than the national average for 18 year olds.
Teen car insurance is expensive, but it’s not all up to you. There are things you can do to save, including adding an 18-year-old driver to your family policy, shopping around often and looking for specific discounts.
If you live in the same household, you can add a teenage driver to your family policy to save you hundreds or even thousands of dollars a year. This won’t work if the 18-year-old has a car registered in his name. In this case, he will need his own policy.
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Also, it may not make sense if the parents have a bad driving record or very poor credit scores. In these cases, the 18-year-old may be able to find lower rates on his policy.
Car insurance discounts can make a world of difference in finding good rates for young adults. Young drivers can qualify for student discounts and parents can save when children attend school more than 100 miles away without cars.
Bundling may also be a good idea if you have other types of insurance policies, such as renters. Some car insurance companies offer safe driving discounts for people with a short driving history, while others require four or five years of driving without a license to qualify.
Companies with the best car insurance under 18 offer a variety of applicable discounts. Look for the following discounts when comparing car insurance rates:
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Your coverage levels and deductibles have a direct impact on your car insurance rates. Consider the level of coverage you want in the event of an accident and reduce your insurance amount to an amount that will save you money. You can also increase your deductible to take on a little more risk and lower your total premium. A car insurance policy with minimum coverage will be the cheapest option.
If you’re looking to get a family car that an 18-year-old can drive, consider paying cash for an affordable used sedan or midsize SUV. Without a car loan, you won’t need comprehensive or collision insurance.
You simply must have the level of bodily injury and property damage liability required in your state. Some states require more coverage, but companies are not allowed to sell less than the base
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