We found an average insurance increase of 2072 a year for adding a teen driver among 93 car insurance companies we analyzed nationwide.
What company has the best car insurance for teenage drivers independent source. USAA and State Farm are the best car insurance companies for teenage drivers and they both offer discounts for safe driving and student discounts. Discounts for young and teenage drivers. Geico is the cheapest option for Florida parents adding a teen to their car insurance.
Car insurance for young and teenage drivers can be more affordable because virtually every car insurance company offers some kind of discount. Progressive is an online-based auto insurance company that promises quality coverage and an abundance of discounts. While some savings remain nearly identical between insurers others may offer other types of reductions.
Progressive Progressive is a leader in the automobile insurance industry. The key to finding cheap car insurance for teens is to get rate quotes from as many companies as possible. Here are a few companies to consider as you begin your search for young drivers insurance.
Adding a teen driver to your car insurance policy can potentially raise your rates significantly anywhere from 20 to 180 depending on your state but it is always best to add your teen to your family policy rather than purchase a separate policy. Thats why car insurance companies charge them three to four times more than they would. Drivers aged 16 or 17 are nine times more likely to cause an accident than a 45-year-old driver.
Whereas a 50-year-old will pay 1723 per year for car insurance by themselves theyll pay an average of 3500 with their teen on the policy. Progressive was the first auto insurer to offer safe driver discounts which makes the company a great option for people with a good driving record who are looking for the cheapest car insurance. There are many auto insurance companies that offer the best car insurance for young drivers.