Quick Answer: What Is The Cheapest Car Insurance For A Teenager?

Is it cheaper to be on your parents car insurance?

Unless you are over the age of 25 and have a perfect driving record, it will be cheaper for you to just stay on your parents’ policy.

Your rate is based entirely on risk.

Therefore, younger drivers are charged much higher than average car insurance rates..

What is the cheapest car 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.

How much is teenage car insurance per month?

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. That means adding a teen to your policy increases rates by 168%, on average.

How can I get cheap insurance at 17?

How can 17 year olds get cheaper car insurance?Add a named driver. … Pick the right car. … Consider a telematics policy. … Avoid unnecessary modifications. … Keep your car safe and secure. … Increase your voluntary excess.

How much does insurance go up after adding a teenager?

Adding a 16-year-old teen to your policy will increase your rates, on average, by about 130% to 140%, or an extra $2,000 annually, according to CarInsurance.com rate data.

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

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 is car insurance for a 17 year old monthly?

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.

Can a 16 year old get their own insurance?

If you have a driver’s license you should be able to obtain car insurance. However, if you are a minor, under the age of 18, you will most likely need a parent or guardian to sign or at least co-sign on the car insurance policy. An insurance policy is considered a contract and that comes with legal ramifications.

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.

What is the cheapest insurance for a 16 year old?

Cheapest Car Insurance Companies for 16-Year-Old DriversAllstate. $3,146.GEICO. $3,152.State Farm. $3,406.Progressive. $3,570.Feb 18, 2021