5 Best car insurance for teenagers. The cost of auto insurance varies depending on a number of variables, but one of the major ones is your age. Teenagers and young drivers tend to be the most expensive age group to insure because they are just beginning to drive.
According to Bankrate, parents who add a 16-year-old driver to their full coverage auto car insurance for teenagers policy may anticipate an increase in their yearly insurance costs of $2,168 on average. That is an additional expense, not the total cost, to be clear. In contrast, a 40-year-old motorist with a spotless driving record and high credit pays an average annual premium for full coverage of $1,668. Additionally, car insurance for teenagers costs may increase by an extra 20% to 40% if a young driver is involved in an accident or receives a ticket.
Given the exorbitant costs, alltin.net have put together a list of carriers with excellent ratings who also provide substantial discounts for young drivers to assist lower your premium. Except for Amica (which excludes coverage in Hawaii), all of our recommended products operate in all 50 states as well as Washington, DC, and contain accident forgiveness provisions.
5 Best car insurance for teenagers
Geico (car insurance for teenagers)
For the same reason that Geico topped our other best lists, it made this one as well. The company provides affordable rates for young drivers countrywide; according to Bankrate, the average annual additional premium for full coverage for a 16-year-old is $2,168. Additionally, Geico receives few complaints, as reported by the NAIC (National Association of Insurance Commissioners), and receives good marks from J.D. Power Surveys for customer satisfaction.
Geico is a fantastic choice if you need to lower your premium because of its substantial discounts targeted exclusively at young drivers. A “good student” discount for students with B averages or better (savings up to 15%), a discount for new cars (savings up to 15%), a discount for multiple cars (savings up to 25%), and a good driver discount for young adults with five years of accident-free driving (savings up to 22%) are all included.
These are sizable discounts, and one thing we appreciate about Geico is how transparent company is about the amount you may save. While some insurers may claim to give savings, they never disclose how much you can save.
USAA (car insurance for teenagers)
The United Services Automobile Association doesn’t offer insurance to the majority of people, but if you have a veteran or member of the armed forces in your family, your adolescent driver could be able to obtain coverage from this company.
According to J.D. Power, USAA has earned a spot on our lists of the best insurance companies because of its excellent customer service. In terms of overall customer satisfaction and satisfaction with auto claims, the carrier received scores of 884 and 909, respectively. The national averages, by contrast, are also 834 and 909, respectively.
Additionally, when compared to other insurers, USAA offers competitive pricing for individuals who qualify, and rates are made even more affordable by utilizing discounts. For good students and drivers who complete driving training courses, it provides the same savings as many of its rivals do. Teenagers who go from a family coverage to their own auto insurance could be eligible for up to a 10% legacy discount.
State Farm (car insurance for teenagers)
Another company with widespread distribution in the US and a wide range of discounts for young drivers is State Farm. You might save up to 30% by using State Farm’s Drive Safe & Save app, which tracks your driving behavior. Additionally, State Farm offers a program called Steer Clear for teenagers and young adults that enables parents to benefit from savings while instructing your child how to drive safely.
Additionally, drivers under 25 who have been fault-free for three years and have not engaged in any moving violations or accidents may save up to 15%, making them eligible for this discount considerably faster than with Geico. Additionally, you are eligible for a “student away at school” discount if you have a college student who only drives when they are home for holidays or vacations.
State Farm offers some big reductions for young drivers when compared to the other insurers on this list, which is fantastic given that the average annual additional premium for full coverage for a 16-year-old, per Bankrate, is $2,077.
Progressive (car insurance for teenagers)
Do you know that Flo from Progressive also has a Twitter account with more than 71,000 followers? Everyone is familiar with her from Progressive. That’s more than twice as many Twitter users as the nameless gecko from Geico. In addition to Flo’s notoriety, Progressive boasts a low national complaint rate. Progressive had an NAIC index score of 1.45 out of 1.00 (a higher score indicates more complaints). Additionally, a 16-year-old’s average annual additional premium for full coverage is $3,305, which is significantly less than the national average ($4,055).
Families with multiple vehicles, teen drivers, college students, and families with numerous vehicles are all eligible for savings from Progressive. Those under the age of 18 who have been insured for at least a year may be eligible for a “teen driver discount.” Progressive also offers price reductions for students who leave their cars at home while attending school more than 100 miles away as well as for those who rarely drive, in addition to the regular “good student” discount.
Amica (car insurance for teenagers)
Amica’s outstanding customer satisfaction ratings helped it rank well on our list of the best vehicle insurance companies, which is one of the reasons it is included on our list as well. Amica has more than a century of experience in the sector under its belt and is the oldest mutual auto insurer in the US (meaning it is owned by its policyholders). Additionally, this carrier serves every state besides Hawaii.
Amica offers a special opportunity to save in addition to the usual discounts for young drivers, such as “good student” discounts, “student away at school” discounts, and defensive driving course discounts: a legacy discount. Young drivers under 30 whose parents hold a car policy with Amica for at least five years are eligible for this discount. Additionally, like State Farm, teenage drivers may be eligible for a discount if they haven’t had an accident in three years, which means they may be as young as 19 years old.