Teen Car Insurance at the Lowest Price

The Most Affordable Car Insurance Company For Parents With Teen Drivers

Nationwide has the lowest commonly accessible vehicle insurance for young drivers, according to our research. A six-month Nationwide insurance with an adolescent and parent costs $1,266 on average, which is less than half the national average of $2,859.

Erie and USAA were the cheapest insurance overall, despite the fact that they aren't for everyone. Erie is only offered in 12 states and Washington, D.C., whereas USAA exclusively sells coverage to active and retired military personnel. If you want to add a teen to your vehicle insurance coverage, you should look into these firms.

We limited the graph above to seven insurance companies that offered quotations in at least three of the ten states studied, but these firms may not be the greatest fit for you and your kid. In certain circumstances, we discovered that smaller regional insurers offered lower rates.

In addition, a large insurer may be very inexpensive in your state. Nationwide, for example, was the cheapest large insurance on average, but Geico was the cheapest insurer in four of our ten study states.

*USAA membership is only open to current and past military personnel, as well as their families.

The Cost of Including a Teen on Your Auto Insurance Policy

Adding an adolescent driver to their parent's coverage is usually a less expensive option than buying a teen a vehicle insurance policy on their own. In fact, adding a teen to coverage costs half as much as getting them their own individual policy.

Adding an 18-year-old to an auto insurance coverage costs an average of $1,510 for a six-month policy, which is 112 percent more costly. However, the average cost of an 18-year-old purchasing a policy on their own is $3,589.

The parent is the most affected in this scenario since they are taking a substantial risk by adding a new, adolescent driver to their insurance. As a result, insurance firms' yearly payments will rise.

When compared to the cost of the same 18-year-old acquiring their own coverage, keeping your adolescent on your policy saves families an average of $2,080 per six months – a 44 percent savings in vehicle insurance expenses.

State-By-State Comparison Of The Cheapest Auto Insurance For Teen Drivers

Because auto insurance prices for teenagers vary greatly from state to state, the lowest insurance in your state may not truly represent the cheapest overall insurers mentioned above. Certain firms were also left out of our national research since they are only available in a few states and not for all drivers.

We've compiled a comprehensive list of the cheapest vehicle insurance for young drivers in each of the ten states included in our research.

•California

•Florida

•Georgia

•Illinois

•Michigan

•New York City

•North Carolina (NC)

•Ohio

•Pennsylvania

•Texas

California

Mercury insurance is the lowest in California for a 50-year-old parent adding an 18-year-old adolescent to their coverage. A comprehensive coverage policy costs about $2,738 per year on average.

Mercury is already a low-cost option for older drivers, and only State Farm and Farmers charged less when our sample driver added their adolescents to the coverage.

Florida

Geico is the most affordable alternative for Florida parents who want to add a teen to their vehicle insurance policy. A 50-year-old will spend $1,723 a year on vehicle insurance on their own, but they will pay an average of $3,500 with their kid on the policy.

Georgia

Drivers in Georgia who want to add a teen to their insurance coverage should contact the Georgia Farm Bureau. It boasts some of the state's lowest rates and didn't charge our example motorist anything more to add a son or daughter to their auto insurance. A comprehensive coverage policy including both the parent and the teen costs $2,676 per year on average.

Georgia parents who qualify for USAA should seek a quote from that firm as well, since its prices were on average lower than the Farm Bureau's.

Illinois

USAA is by far the cheapest choice for Illinois parents who want to add an adolescent to their coverage. However, for people who do not qualify for USAA, State Farm is the second-best choice on average. State Farm charges an average of $2,929 a year for car insurance for a parent and a teen.

Some well-known firms, including Farmers and Allstate, are already pricey for a single driver, but they become considerably more expensive when a youngster is added, nearly doubling their rates.

Michigan

Michigan has the highest vehicle insurance rates in the country, but two firms stand out for parents wishing to add a youngster to their policy: USAA and Auto-Owners Insurance. The latter is open to anyone and costs $4,727 per year for fulloverage insurance that covers both a parent and a youngster.

The lowest policy is offered by USAA, however it may not be accessible to you. Progressive is the only other reasonably priced alternative we looked into; Frankenmuth, State Farm, AAA, and Hanover all charge more than — and in some cases considerably higher than — $8,000 per year.

New York City

Geico is also the most cheap alternative for parents with a teen in New York. Geico paid our 50-year-old example driver $2,094 per year for himself, plus an extra $1,477 to add a teen, for a total annual cost of $3,571.

USAA is also a low-cost alternative for individuals who qualify. It was only a few hundred dollars higher than Geico at $3,713 per year.

North Carolina (NC)

In North Carolina, insurers charge a little fee to add a teen to a policy. Parents with Geico coverage, for example, will pay an additional $393 per year when they add their teen to the policy. In all, the coverage costs an average of $1,505 per year for both parents and teen.

North Carolina Farm Bureau, Erie, and Progressive are also three moderately priced alternatives for parents, with annual fees ranging from $1,682 to $1,797.

Ohio

Geico is the lowest option in Ohio for parents with a teen, as it is in many of our other states. Our driver's Geico insurance cost an average of $2,179 per year, which is about double the price of a 50-year-old purchasing a policy that only covers them.

State Farm comes in second place, costing over $400 more than Geico. State Farm is actually less expensive if you don't add your teen to the insurance, but it cost our sample driver an extra $1,444 on average if they included their son or daughter.

Pennsylvania

In Pennsylvania, USAA is once again the most affordable choice overall. However, for individuals who do not qualify, Erie is the most cost-effective alternative. Erie insurance covers a parent and an adolescent for an average of $2,355 per year, which is over $500 less than the next best choice.

Allstate and Progressive rank Pennsylvania as the most costly state. If you're interested in these firms, it's still worth receiving an estimate because insurance premiums vary greatly from person to person. However, on average, these firms are not inexpensive in Pennsylvania.

Texas

State Farm slightly edges out Geico as the state's lowest commonly accessible insurance carrier. Our driver spent $1,385 on insurance alone, and an additional $3,178 when he added his teen to the coverage.

Again, for those who qualify, USAA is a very low-cost choice. In fact, it's $1,400 per year less expensive than State Farm on average, so Texas drivers who want to add a youngster to their coverage should seek a quotation.

Additional Ways For Teens To Save Money On Car Insurance

Young drivers may save money on vehicle insurance in a variety of ways.

The first is through qualifying for discounts, which most major insurers give to young drivers.

These include reductions for:

•Being an excellent student

•Enrolling in a driver's education course

Furthermore, if a kid is covered by their parent's policy, most big insurance companies will lower car insurance prices if the teen is away at school and has restricted access to a vehicle.

Another big approach to save money is to forego coverages that may be unneeded or costly for adolescent drivers, including collision insurance.

Questions And Answers

What Is The Best Car Insurance For A Teen Driver?

We discovered affordable adolescent driver insurance rates at Erie, USAA, and Nationwide. However, because each driver will receive rates tailored to them, you should obtain quotations from at least five insurers to compare pricing.

As A Teen, How Can I Save Money On Insurance?

Sharing a policy with your parents or another family member is the greatest method to reduce your insurance premiums as a teen. A family policy is frequently significantly less expensive than the sum of the costs of two separate plans.

What Are the Most Popular Teen Driver Discounts?

Insurers frequently provide young drivers discounts for high grades, attending a training course beyond basic driver's education, and being away at school, where you won't be using your parents' car as much.