{"id":8170,"date":"2023-11-30T19:57:24","date_gmt":"2023-11-30T19:57:24","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=8170"},"modified":"2023-11-30T19:57:26","modified_gmt":"2023-11-30T19:57:26","slug":"how-much-is-car-insurance-for-18-year-olds","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/life-insurance\/how-much-is-car-insurance-for-18-year-olds\/","title":{"rendered":"How Much Is Car Insurance For 18-Year-Olds: Average Cost 2023"},"content":{"rendered":"

Even though your 18-year-old driver is an adult, the cost of car insurance can still be surprisingly high because younger drivers are more likely than older drivers to be involved in accidents and file claims. That’s why it’s crucial to get the cheapest car insurance for 18-year-olds. Read below to learn how much car insurance is for 18-year-olds, both male and girls<\/p>

How Much Is Car Insurance For 18-Year-Olds<\/span><\/h2>

When a parent gets auto insurance for their 18-year-old child, the premiums will be substantially lower than when the young driver gets their coverage. Annual costs for full coverage for an 18-year-old on their own are an average of $6,110, and annual premiums for minimal coverage are $1,967.  <\/p>

Full coverage costs an average of $3,837 per year for an 18-year-old driver who stays on their parents’ insurance and $1,261 per year for basic coverage. One major factor contributing to the high cost is the fact that drivers under the age of 18 usually have significantly less experience compared to drivers older than them. <\/p>

No age group is more likely to be involved in a car accident than drivers between the ages of 16 and 19. On the other hand, most drivers can anticipate a slow decline as they age and accumulate more driving experience. Full coverage for 18-year-old drivers on their parents’ policy is around 6% cheaper than for 17-year-old drivers on the same policy.<\/p>

The National Highway Traffic Safety Administration (NHTSA) reports that over 2,000 teen drivers (those aged 15\u201319) were killed in car accidents in 2020, making it the top cause of death for this demographic. Insurance firms charge teenage drivers a higher premium to compensate for the higher risk they pose on the road.<\/p>

Factors That Influence The Cost Of Car Insurance For 18-Year-Old Drivers<\/span><\/h3>

For an 18-year-old, these are the main elements that affect the price of auto insurance.<\/p>

#1.Age:<\/span><\/h4>

Insurance companies see young drivers as a higher risk; therefore, adding them to a parent’s car insurance coverage will increase your costs. You may lessen the blow to your wallet by comparing auto insurance quotes, but you can’t escape a substantial rise.<\/p>

#2.Gender:<\/span><\/h4>

Rates are determined by the number of claims paid out by auto insurance providers. Teenage boys pay more for insurance than teenage girls do because they are more likely to file claims. No matter your gender, filing a claim will almost always result in a higher premium when your policy is up for renewal.<\/p>

#3.Location:<\/span><\/h4>

The frequency of car accidents is one factor that is commonly associated with a place that affects the pricing of auto insurance. Others include:<\/p>