Although the cost of car insurance for new drivers is significantly higher than it is for more seasoned motorists, there are still cheaper options available. It is important to remember that new drivers over the age of 25 typically get cheaper car insurance rates when compared to those under the age of 25, who incur significantly higher costs. Getting car insurance as a new driver can be costly, but we found that GEICO, Nationwide, and USAA all have affordable options. Finding the cheapest car insurance for new drivers may require some digging and taking advantage of discounts.\u00a0<\/p>
New drivers do not have a special type of auto insurance. New drivers’ auto insurance policies will look the same as any other driver’s policy because each state establishes its minimum coverage levels for vehicles. A lack of driving experience does not affect the minimum required insurance coverage, but it does affect the cost.<\/p>
Even though the premium of $1,142 is higher than the market average for a 16-year-old male, it is still relatively low. The company’s $661 six-month premium is also below the industry average for drivers with no prior insurance coverage. Moreover, young and new motorists can benefit from additional coverage options offered by Nationwide<\/a>.<\/p> Newer and younger drivers can benefit from GEICO’s long history as one of the more budget-friendly major auto insurers. The monthly premium of $257 for a male teenager is significantly lower than the premiums offered by most of the industry’s other providers. A new driver’s auto insurance premium averages $105 per year at age 30, which is significantly less than the rates offered by many other companies. <\/p> In addition to its general offerings, GEICO<\/a> has a few tools that are especially useful for new or younger drivers. All new drivers can save money by taking a defensive driving course or driver’s education. In addition, those who maintain a high GPA in school and those who drive vehicles equipped with standard safety features like airbags and anti-lock brakes are eligible for savings.<\/p> USAA is known for having some of the best rates on car insurance for drivers of all ages and backgrounds. A six-month policy for a male teenager at USAA costs an average of $1,105, while the same coverage for a male teenager at age 18 with no prior driving record costs an average of $664. To qualify for USAA’s reduced rates, drivers must be either currently serving in the military, a veteran, or a member of a military family. If you qualify, USAA offers a wide variety of services that new drivers might find useful.<\/p> USAA is great for people who want to bundle policies or coverages because they offer discounts for having more than one vehicle or policy, as well as for policyholders whose parents or grandparents were veterans.<\/p> With offices in 12 states across the Northeast, Middle Atlantic, and Midwest, plus the District of Columbia, Erie Insurance is a major regional insurer. Erie provides accident forgiveness to help new drivers recover from their first accident without incurring any premium increases, either temporarily or permanently. However, in most states, you need to have been an Erie customer for at least three years before you qualify for this discount.<\/p> It may appear that “cheap auto insurance” and “new driver” do not belong in the same sentence. However, there are affordable options for expanding your auto insurance coverage to include a new driver, especially a teenage driver. In most cases, adding a teen driver to an existing policy rather than purchasing a new one for them will save money.<\/p> Avoid the temptation to reduce coverage to save money on insurance for a new driver. For this reason, it is recommended that new drivers invest in comprehensive auto insurance coverage.<\/p> Here are the fundamental kinds of auto coverage that every new driver needs to have:<\/p> If your car is stolen or damaged by something other than a collision, such as hail, fire, flooding, or animal strikes, and your insurance policy covers such events, the company will pay to have it repaired or replaced. <\/p> Several variables can impact your auto insurance premium as a new driver, including where you live, the type of car you drive, your driving record, and your credit score. Insurers take into account age and driving experience because they are strong predictors of a driver’s likelihood of being involved in an accident.<\/p> One of the best ways for a new driver to save money on auto insurance is to request quotes from multiple companies. When determining premium costs, insurance firms consider numerous factors. Many factors influence the cost of auto insurance, including those related to the driver’s age, gender, and marital status, to name just a few.<\/p> Finding the most affordable auto insurance premiums is not a simple task, but there are several options worth exploring. <\/p> You will get different prices from each insurance company. Getting multiple car insurance quotes will give you a good idea of how much it will cost to include a new driver on your policy ,or how much money you could save if you switched companies.<\/p> If you want to pay less for your auto insurance as a new driver, it is a good idea to work on improving your credit score before you get behind the wheel.<\/p> Many insurance providers provide price reductions to safe young drivers and students, but there are other ways to cut costs. To save money on your insurance, ask your provider if they offer a discount for having multiple policies with them.<\/p> Car insurance based on how often and how far you drive is called usage-based insurance, but it goes by another name: telematics insurance. Usage-based insurance policies typically cost less than standard auto insurance because they reward safe drivers with a lower monthly premium.<\/p> If parents want to find the cheapest car insurance for their teens, they should know that adding the teen to a parent’s policy is often cheaper than getting the teen their policy. <\/p> You will need to select a deductible if you opt for collision and comprehensive coverage. In most cases, increasing your deductible from, say, $500 to $1,000 will result in significant savings.<\/p> Get quotes from multiple insurance companies with increased deductibles by contacting your agent. Take into account that a new driver has a higher crash risk than an adult, and decide whether or not the savings are worthwhile.<\/p>#2. GEICO<\/span><\/h3>
#3. USAA<\/span><\/h3>
#4. Erie Insurance\u00a0<\/span><\/h3>
Car Insurance New Drivers<\/span><\/h2>
Essential Car Insurance for New Drivers<\/span><\/h2>
New Drivers Car Insurance Cost<\/span><\/h2>
Insurance Quotes for New Drivers<\/span><\/h2>
How To Save on Car Insurance for New Drivers<\/span><\/h2>
#1. Compare Different Car Insurance Companies for New Drivers<\/span><\/h3>
#2. Raise Your Credit Rating<\/span><\/h3>
#3. Seek Out Discounts on New Driver Car Insurance<\/span><\/h3>
#4. Consider Usage-Based Insurance<\/span><\/h3>
#5. You Should Add the New Driver to Your Car Insurance<\/span><\/h3>
#6. Choose a Higher Deductible<\/span><\/h3>
#7. Pick Out a Cheap Car<\/span><\/h3>