Car Insurance for Teens: Average Cost Per Month, States With Cheap Insurance, Ages, Companies With Cheap Insurance for Teens - 2022
Finding the cheapest car insurance for teens in the USA is not quick and easy as you might think.
There are thousands of providers to choose from and most can provide similar services for reasonable prices.
But if you want the best, cheapest car insurance for teens in USA, you will have to be patient and find the perfect plan for your minor child or teen.
Keep reading and see what the cheapest options are.
Teens make up a large percentage of drivers on the road today, which means that as a parent, you probably have a teenager who will be needing to get his or her license and buy a car.
And one of the first things you need to do is to find out how much it will cost to insure your teen’s new vehicle.
How much is car insurance for teen drivers?
Thing is, the amount of money it costs to insure your child depends on a number of factors, including:
The older your child gets before they start driving, the more their car insurance premiums will cost.
This is because insurance companies consider teens inexperienced drivers, and there are laws in place that require them to build up their experience by practicing with an adult driver in the car before they take to the road on their own.
The prices you’ll pay for your teen’s car insurance will vary depending on the vehicle he or she drives.
If you purchase brand new cars for each of your kids as soon as they turn 16, expect your premiums to go up significantly because insurance companies consider new cars high-risk vehicles.
Although car insurance for teens rates differs by state, here are the average prices we found for both full and minimum coverage, by age:
- 16-year-olds: $6,613 for full coverage; $2,733 for minimum coverage.
- 17-year-olds: $5,373 for full coverage; $2,206 for minimum coverage.
- 18-year-olds: $4,837 for full coverage; $1,938 for minimum coverage.
- 19-year-olds: $3,716 for full coverage; $1,451 for minimum coverage.
How Much Does It Cost to Add a Teen Driver in Your State?
A teenager’s car insurance premiums may vary depending on the state he or she lives in.
For instance, teenage drivers in Hawaii can get full coverage for only $950 annually, while in Alabama, the lowest rates are over $3,000.
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