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One of the best car insurance for 18-year-olds comes from Erie Insurance with premiums as low as $241 per month or $2,888 per year for full coverage.
Cheapest Full Coverage Insurance For Young Drivers
Written by: Daniel Robinson, Written by: Daniel Robinson Author Daniel is a Writer on the Guides team and has written for a number of automotive news sites and marketing companies in the US, UK and Australia, specializing in car finance and maintenance. Daniel is the head of the Guides team in auto insurance, credit, warranty options, auto services and more. the writer
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Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Senior Editor Rashawn Mitchner is an editor for the Guidelines team with over 10 years of experience in personal finance and insurance. Senior Editor
Car insurance for 18-year-olds is expensive, whether you’re adding a teenager to your policy or buying individual insurance. This is why the best car insurance for 18 year olds needs to be as affordable as possible.
The team at Guides have compared rates from multiple providers to see which ones offer the cheapest car insurance for teenagers. Our top choice overall is Geico, with total coverage rates of $263 per month or $3,161 per year. We’ll include our top picks and ways to save here.
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The guide team is committed to providing reliable information to help you make the best decision about your car insurance. Because consumers trust us to provide objective and accurate information, we’ve created a comprehensive rating system to create our ranking of the best auto insurance companies. We collected data from dozens of auto insurance providers to rate companies on a wide range of quality factors. After 800 hours of research, the final result was an overall rating for each provider, with the insurance providers with the most points at the top of the list.
Based on our average estimates, comprehensive auto insurance for 18-year-olds costs an average of $4,958 per year or $413 per month. Adding an 18-year-old child to your family policy will increase your premiums, but save money overall. Older drivers also tend to get lower rates than 18-year-olds.
Car insurance costs for 18-year-olds are affected by several factors including gender, driving history, location and credit score. The difference in premiums by sex is more pronounced between teenagers and adults, with 18-year-old males tending to pay much higher rates than females of the same age. Some states, however, do not allow auto insurers to use gender as a factor when calculating auto insurance rates.
Car insurance rates are more expensive for young drivers because they have less driving experience and have more car accidents. Even an 18-year-old with a clean driving record will likely pay more for auto insurance than drivers in their 30s or 40s.
Young Driver Insurance
According to the AAA Foundation for Traffic Safety, 18- and 19-year-olds are twice as likely to be involved in accidents than drivers between the ages of 30 and 39. Below you can see the number of accidents per 100 million miles driven broken down by age group.
The average cost of insurance closely follows the level of accidents by age. Below you can see that 18-year-olds pay an average of more than double what 35-year-olds pay for comprehensive car insurance.
The cheapest car insurance for 18-year-olds is Erie Insurance, with average rates of $2,888 per year or $241 per month for fully paid individual policies. USAA offers similar rates at about $2,897 per year or $241 per month.
*Auto insurance rates are based on full coverage policies with $50,000 bodily injury per person, $100,000 bodily injury per accident, $50,000 property damage per accident, and a $500 premium for collision and comprehensive coverage.
Get Best Cheap Car Insurance For Young Drivers In 2023
Geico, Erie, USAA, and State Farm are affordable options nationwide for people 18 years of age, but different providers may not be affordable in your state. Below are the cheapest 18-year-old providers in every state and in Washington, D.C., based on our full-rate ratings.
Eighteen-year-olds in Hawaii, Ohio and Iowa pay, on average, the lowest rates in the country. Hawaii does not allow age to affect car insurance rates in the state.
On the other hand, the average rates for 18-year-olds in Michigan, Connecticut, and Florida can be very expensive for individual auto 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 given is based on factors such as cost, coverage, reputation, availability and customer experience:
Average Cost Of Car Insurance (2024)
Geico is our top pick for the best car insurance for 18-year-olds. Considering that Erie is only available in twelve states and that USAA is only available to military, veterans and their families, Geico is the cheapest company with nationwide coverage. Our estimates show that average Geico rates are about 36% cheaper than the national average for 18-year-olds. Geico also offers driver education and great student discounts that can lower rates for young drivers.
USAA is another cheaper option for 18-year-old drivers, with average rates 42% lower than the average cost of car insurance for this age group. Your child may be eligible for USAA if one of you is a military or veteran. You can also transfer eligibility as a parent if you are a USAA member.
In addition to cheap fares, USAA offers reliable customer service. It has an A+ rating from the Better Business Bureau (BBB) and earned a top score from J.D. USA’s Auto Claims Satisfaction Study ℠. Power 2021 with 909 points out of 1,000.
State Farm makes our list of the best auto insurance for kids 18 and under because of its student and youth discounts. For example, the Steer Clear® program is an educational course for young drivers that offers discounts upon completion. And a great State Farm student discount of up to 25% applies until drivers are 25 years old. Our estimates show that State Farm’s average 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 D.C. Our estimates show that their median income for 18-year-olds is about 42% cheaper than the national average. Like USAA, Erie got good from J.D. Auto Claims Satisfaction Study. Power, it gets 901 points out of 1,000.
Operating in 26 states, Car Owners offers a variety of coverage options, as well as discounts for young drivers. This company’s student voucher voucher is valid if your 18-year-old child maintains a B average or better and offers up to 20% off. Young drivers can also get a discount for young driver monitoring if they use a GPS device while driving. Our price estimates show that car owners are on average 41% cheaper than the national average for 18 year olds.
Teen car insurance is expensive, but not everything is out of your control. There are things you can do to save money, such as adding an 18-year-old driver to your family policy, shopping regularly and looking for discounts.
If you live in a single household, you can add a young driver to your family policy to save hundreds or even thousands of dollars a year. This will not apply if the 18 year old has a car registered in his name, in which case he will need his own policy.
Cheap Car Insurance For Young Drivers: How To Save Money
Also, it may not make sense if the parents have bad driving records or very poor credit scores. An 18-year-old can get cheaper rates on their policy in these cases.
Auto insurance discounts can make a difference in getting good rates for young adults. Young drivers can get student discounts and parents can save when their children go to school more than 100 miles without a car.
Pooling can be a good idea if you have other types of insurance, such as renters. Some car insurance companies offer safe driving discounts to people with a short driving history, while others require four or five years of driving without a claim to qualify.
The best car insurance companies for 18 year olds offer a variety of discounts that apply. Look for the following discounts when comparing car insurance quotes:
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Your coverage levels and deductibles have a direct impact on your car insurance rates. Consider what level of protection you want in the event of an accident and reduce your coverage to that amount to save money. You can also increase your deductible to take on more risk and lower your overall premium. A car insurance policy with minimum coverage will be the cheapest option.
If you’re thinking about buying a family car for your 18-year-old to drive, consider paying cash for an affordable used car or midsize SUV. Without a car loan, you don’t need to have a full coverage or collision for your car.
You must have whatever level of bodily injury and property damage coverage is required in your state. Some states require additional coverage, but companies cannot sell it for less than the reference.
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