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What Is The Cheapest Auto Insurance For Young Drivers

What Is The Cheapest Auto Insurance For Young Drivers – It’s no surprise that young teenage drivers pay more for car insurance. A young driver’s inexperience and limited driving experience are potentially risky for insurance companies, so they charge more to insure new drivers. But how much will the new driver pay? We’ve crunched the numbers to find out the cost of UK car insurance for an 18-year-old driver in England in the main cities, so you know what to expect to pay based on where you live. The rates will be the same for 17 and 19 year olds.

If price is your priority, you’ll probably opt for one of the cheapest plans available. The team collected more than 400 insurance quotes for young drivers in 10 cities in England and calculated that the average premium for cheap comprehensive cover for an 18-year-old driver was £1,752 a year. But rates varied significantly by area, with young drivers in Liverpool, Birmingham, Bradford and Manchester costing more than £2,000 a year. Young drivers in Sheffield and Bristol pay the least in our research, at just over £1,100 a year. This means that young drivers in some areas pay almost 2 times more than young drivers in other areas.

What Is The Cheapest Auto Insurance For Young Drivers

What Is The Cheapest Auto Insurance For Young Drivers

Between the high cost of insurance and the fact that the average driver spends over £1,000 on driving lessons (at £34 per driving hour), being a young driver doesn’t come cheap.

Ways To Get The Cheapest Car Insurance Rates

To find out how much a young driver would typically pay for comprehensive car insurance, we’ve collected quotes for a sample of 18-year-old UK comprehensive drivers driving a 2016 Ford Fiesta, the UK’s most popular car. (For more information on how insurance costs vary by car make and model, see our article ‘How much does it cost to insure the UK’s most popular vehicles?’) In total, we’ve collected over 400 offers for drivers living in London, Birmingham, Leeds. , Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland, covering less than 5,000 miles per year. Quotes include free car, breakdown, accident and legal cover. Prices were collected from the plans of the following auto insurance companies:

The guidance on this site is based on our own analysis and is intended to help you identify your options and narrow down your options. We do not advise or tell you which product to buy; do your due diligence before signing any agreement. Read our full review here.

Advertiser Disclosure: Authorized and regulated by the Financial Conduct Authority (FCA), FCA FRN 797621. is a data-driven personal finance research site. Reviews that appear on this site are based on our own analysis and judgment, with an emphasis on product features and pricing, not service. Some of the offers that appear on this site are from companies that receive compensation. This compensation may affect how and where offers appear on this site (for example, the order in which they appear). For more information, see our Advertiser Disclosure. The Site may not review or include all companies or all available products. While we strive to be complete and up-to-date with product information, prices and terms may change after our publication, so always check with the supplier for more information. Consumers should ensure that they do their own due diligence before signing any agreement.

Note on savings figures: *For the latest savings, “pay less than” and “pay from” figures used for promotional purposes, click here. Partner Content: This content was created by a Dow Jones business partner and was independently researched and written. Links in this article may earn us a commission. learn more

Find Out Which Popular Vehicles Are The Cheapest Cars To Insure In 2024

Author: Daniel Robinson Author: Daniel Robinson Writer Daniel is a Guides team writer and has written for numerous automotive news sites and marketing companies in the US, UK and Australia specializing in car finance and car care topics . Danielle is the Guides team’s authority on auto insurance, loans, warranty options, auto service and more. writer

Editor: Rashon Mitchner Editor: Rashon Mitchner Executive Editor Rashon Mitchner is a Guides team editor with over 10 years of personal finance and insurance experience. Senior Editor

Finding cheap car insurance for 19 year old drivers can be difficult. Insurance companies consider young drivers as high-risk drivers because of their lack of driving experience. As a result, they pay much higher annual premiums than older drivers with more experience on the road.

What Is The Cheapest Auto Insurance For Young Drivers

To help you find the most affordable rates, we at Guides have ranked the best-priced car insurance providers for 19-year-olds. Read on to learn more about these companies and the discounts they offer young drivers.

Compare Cheap Car Insurance For Young Drivers 2023

Cheapest Car Insurance for Teens Cheapest Car Insurance for Teens Average Cost of Car Insurance Best Car Insurance Companies

The Guides 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 formulate our ranking of the best auto insurance companies. We collected data on dozens of auto insurance providers to evaluate the companies on a number of ranking factors. After 800 hours of research, the final result was an overall score for each provider, with the best-scoring insurers at the top of the list.

According to our research, the average cost of a full coverage auto insurance policy for 19-year-olds is $3,708 per year, or $309 per month. These numbers are much higher than the average for 30-year-olds with a good driving record, which is $1,831 a year, or about $153 a month.

USAA tends to be the cheapest car insurance company for 19-year-olds, with average rates around $188 per month. However, USAA plans are only available to active duty military, veterans and their family members. When looking at all types of 19-year-old drivers, Geico usually offers the cheapest average car insurance costs around $207 per month.

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Here’s a breakdown of how some of the nation’s most popular auto insurance providers rank for insurance premiums for 19-year-old drivers:

*Auto insurance estimates are based on a full coverage policy with $50,000 personal injury liability and $100,000 per accident, $50,000 property damage per accident, and full coverage and deductible per col· $500 damage.

Our team considers a number of factors when ranking car insurance companies, including cost, coverage options, reputation, affordability and customer experience. For 19-year-old drivers, our top five choices for comprehensive auto insurance policies are: State Farm, USAA, Geico, Travelers and Auto-Owners.

What Is The Cheapest Auto Insurance For Young Drivers

State Farm won our Best Customer Experience Award for its affordable prices, variety of coverage options and many discounts. The company’s rates for 19-year-old drivers are well below the national average. State Farm offers special incentives, especially for young drivers, including a good student discount of up to 25% for maintaining a B average.

The Best Cheap Car Insurance For New Drivers

State Farm’s Steer Clear® program also offers teen drivers a chance to save money. This app-based course is designed for drivers under the age of 25 and rewards safe driving habits with discounts of up to 20%. State Farm has an A+ rating from the Better Business Bureau (BBB)​​​​​​ and the highest financial strength rating of A++ from AM Best.

Although USAA offers the lowest rates for drivers who are 19 years old on average, we didn’t rank it as a top choice due to its limited availability. USAA plans are only available to active duty military, veterans and their family members, but are a great option for those who qualify.

Along with low fares, USAA is known for excellent customer service. The company also features prominently in J.D.’s research. USA Power Auto Insurance Study 2022℠.

Geico is one of the most popular insurance providers in the United States, combining a long history with an excellent reputation in the industry. The company offers some of the lowest rates and a variety of discounts for 19-year-old motorists, including Geico DriveEasy, which saves drivers money based on their safe driving score. For example, a good Geico student discount can mean 15% off the cost of the policy.

Cheap Car Insurance For Young Drivers

Geico has an A+ rating from the BBB and scores above average in most regions in the JD study. Power auto insurance study. The company also has an A++ financial strength rating from AM Best.

Travelers offers below-average prices for both 19-year-old women and 19-year-old men, as well as plenty of discount options for young drivers. Full-time high school and college students with a good GPA receive a discount of up to 8%. Young drivers can also save by taking a traveler-approved defensive driving course. The company’s IntelliDrive program, which tracks safe driving behavior, can turn good habits into lower insurance premiums.

Travelers are offered a variety of additional auto insurance options, including two levels of 24/7 roadside assistance, accident and minor damage forgiveness, and replacement new cars for vehicles purchased within the first five years of ownership. The company has a financial strength rating of A++ from AM Best and an A rating from BBB.

What Is The Cheapest Auto Insurance For Young Drivers

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