cheap car insurance for teens: Many factors help car insurance companies determine your insurance rate. The biggest factor that the insurance companies consider is the age of the driver. Adolescents under the age of 25 have higher insurance rates than others. Statistics show that younger drivers are more likely to be involved in accidents than older and more experienced drivers. Also, the type of car they use or drive is old, due to which the safety features of the cars do not work well or work less. It is for these reasons that younger drivers have higher rates of insurance than others.
So, when you choose the best and cheap car insurance for teens, look at a few variables. These are normal costs, young driver limitations, accident forgiveness procedures, customer happiness, and much more. Based on our analysis, we choose the top five cheap car insurance for teens.
Best Cheap Car Insurance for Teens in USA 2022
How Much Cost For Teens
According to statistics, teenage drivers are four times more likely to be involved in accidents than experienced drivers.
This is the main reason for the high rate of insurance for teenagers. Also, the state in which the teenager lives, gender, and age depends on these factors the rate of insurance.
Average Annual Cost By Age
18-year-olds: $7396
19-year-olds: $6182
20-year-olds: $5517
21-year-olds: $4611
22-year-olds: $4304
23-year-olds: $4021
24-year-olds: $3765
25-year-olds: $3348
Top 5 Cheap Car Insurance For Teens
| CAR INSURANCE PROVIDER | AVERAGE MONTHLY PREMIUM FOR TEENS |
|---|---|
| Allstate | $142.00 |
| State Farm | $142.91 |
| Progressive | $144.08 |
| Geico | $154.56 |
| Liberty Mutual | $254.65 |
Data source: Quotes from insurers.
The average cost of teenage drivers in your state
The best way to find cheap car insurance for teens
Another way to choose cheap car insurance for teens is to reduce their coverage. But, it is insecure and unimaginable. For example, a banker may not allow clients to dispose of their influence and extensive coverage. Assuming they have car rental or credit. A young driver may face a challenge because they may face high cash-based costs in an accident. To measure this choice and decide in favor of finding the price of a choice instead of the lowest conceivable rate.
1. Nationwide
We’ve chosen a nationwide company at number 1 on our cheap car insurance for teens list Because of its adding consistently low average costs for a teen driver.
As we mentioned in our introduction, young drivers have a higher accident rate than experienced drivers. And the CDC claims the same. Many insurers increase your safety costs after an accident. They blame you for this accident. Nationwide Insurance offers one of the best accident forgiveness programs in the industry. which is why we are featuring it on our list of the best cheap car insurance for teens.
Pros and Cons
pros
- Generous accident forgiveness plan
- Huge discounts for safe drivers
cons
- Accident forgiveness is not available in all states
- The company does not operate nationwide
2. Allstate
Allstate is best for those who want better services and the latest technology.
Pros
- There are two types of offers existing use-based and pay-per-mile
- Discounts are offered to those who complete teenSMART, a computer-based driving-improvement program with videos, simulations, and activities.
Cons
- Of those who have adopted this policy, 77% have expressed satisfaction which is a very low percentage.
3. State Farm
The state firm’s insurance policy helps reduce their insurance rates by offering some good discounts for teenage drivers.
Pros
- Offers technical benefits including digital ID card and virtual car insurance
- The state firm’s Steer Clear program helps teens learn to drive better through a mobile app, and offers discounts upon completion of the program.
Cons
- Rates are about average but others offer more competitive pricing
4. Progressive Insurance
Progressive helps get better coverage for drivers of all ages with its name-your-price tool.
Pros
- 81% of customers with claims were satisfied
Cons
- The level of progressive complaints is higher than other top competitors
