What Is The Cheapest Way To Insure A Teenage Driver?

How much is insurance for a 16 year old State Farm?

Find Cheap 16-Year-Old Auto Insurance Quotes State Farm had much higher prices, with an average quote of $9,327 for a 16-year-old’s auto insurance..

How much is insurance for a 17 year old?

Car insurance for a 17-year-old costs an average of $265 to $987 per month. The cost largely depends on whether the teen is added to a parent’s policy or gets one of their own. Most 17-year-olds are covered by their parents’ policy because it’s much cheaper.

How can teens get cheaper car insurance?

Here are the six ways to lower the cost of a young driver on your policy and save on the cost of your teen’s car insurance:Good student discounts. … Accident Forgiveness. … Defensive driving class discount. … Install anti-theft devices. … Choose the right car and insurance policy. … Practice safe driving.

How much is insurance for a teenager per month?

Car insurance for teens is expensive. Here’s what it costs, plus why it costs so much and how you can lower your rates. Teenagers pay an average of $397 a month for an individual car insurance policy, while parents who add a teen driver to their policy can expect to pay an extra $187 a month.

How much is car insurance for a 16 year old monthly?

Anamarie Waite, Car Insurance Writer. Car insurance for a 16-year-old costs $295 to $1,170 per month, on average, depending on whether the policy is for the 16-year-old alone or the teen is added to a parent’s policy. Most 16-year-old drivers are covered on their parents’ policy because it’s cheaper.

How much does insurance go up after adding a teenager?

anamarie. waite, Car Insurance Writer. It costs an average of 140% to 160% extra to add a teenager to a car insurance policy. That means if you’re currently paying $800 a year for car insurance, you can expect to pay between $1,120 and $1,280 more per year after adding a teenager to your insurance policy.

How expensive is insurance for a 16 year old?

Car insurance cost for a 16-year-old maleStateTeen PolicyParent PolicyCalifornia$8,398$2,018Colorado$8,288$1,733Connecticut$11,471$1,914DC$9,383$1,69043 more rows•Oct 30, 2020

What is the cheapest car for a 17 year old to insure?

The cheapest cars to insure for 17 year oldsCarAverage annual premium*1Hyundai i10£754.712Volkswagen Up!£774.623Citroen C1£787.874Ford Ka£788.056 more rows•Sep 7, 2017

What is the cheapest insurance for teenage drivers?

Cheapest Car Insurance for Families with Teen DriversUSAA. 103*PER. MONTH. Coming in to top our list of the most affordable insurance company for families who have a teen driver on their policy is USAA. More info… … #2. Geico. 139.60*PER. MONTH. … #3. Travelers. 139.69*PER. MONTH. … #4. State Farm. 142*PER. MONTH.

What is the average cost of insuring a teenage driver?

$2,267The average annual rate quoted for a teen driver is $2,267. (This average includes all liability coverage levels.) Compare that to an average cost increase of $621 for adding a teen to the parents’ policy — that means you’ll pay 365 percent more by putting the teen on his or her own policy.

Should I put my teenager on my car insurance?

In fact, insuring your teen is typically required by law (once they are licensed). Most states require drivers to have auto liability insurance before they can legally drive, according to the Insurance Information Institute (III). The student driver is covered by his/her parents’ policy as a household member.

How much is insurance on a Camaro for a 16 year old?

The cost to insure a 2018 Camaro, $3,141 per year, was 7% less than the 2018 Dodge Charger’s rate and 10% less than the 2018 Ford Mustang’s. Additionally, we have found the 2013 Chevrolet Camaro ZL1 to be the second cheapest sports car to insure for young drivers.

What is the cheapest car insurance for 16 year olds?

Cheapest Companies for a 16-Year-Old’s Individual PolicyState Farm. $3,612.Nationwide. $4,705.Allstate. $5,342.GEICO. $5,466.Progressive.