Teenage car insurance average cost calculator

Company	Average annual premium
UAIC	$8,229
GEICO	$8,716
State Farm	$9,967
National General	$10,883
Nationwide	$11,413
Travelers	$13,045
Allstate	$21,894
Mercury Insurance	$24,664
Farmers	$25,885
Progressive	$42,144

Teenage car insurance: Average cost per month

On average, the cheapest car insurance company for teens is GEICO. At 16, the average rate is $7,831, and at 19, it's $4,504. Note that these rates are based on a teen driver alone on a full coverage policy.

Car insurance costs vary from teen to teen and company to company. The best way to get the lowest rate is to shop around and compare quotes for your individual situation.

Age	Company	Annual cost	Monthly premium
16	GEICO	$7,831	$653
17	GEICO	$6,482	$540
18	GEICO	$5,625	$469
19	GEICO	$4,504	$375

How to use the teen car insurance calculator

The teen car insurance calculator is a useful tool designed to give parents and teen drivers an estimate of what car insurance will cost based on a few key factors. Follow the steps below to get an accurate idea of your potential premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods..

Select your state. Choose your state from the dropdown menu.
Why it matters: State laws for minimum coverage, as well as risk factors in that state, affect car insurance rates.
Choose the teen driver’s age. Choose your teen driver's age.
Why it matters: The average cost of car insurance by age varies; the older your teen, the lower the rates will be.
Select gender. Choose the gender of the teen driver.
Why it matters: Statistically, male teen drivers tend to have higher accident rates, which can affect premiums.
Select coverage type. Choose the level of coverage. Our calculator offers these options:
State minimum – the legal minimum in your state
Liability only – 50/100/50 liability coverage
Full coverage – 100/100/300 liability with $500 comprehensive and collision deductibles
Why it matters: The amount of coverage you select with impacts how much you pay for insurance.
Review the estimated annual premium. After inputting the above, the calculator instantly shows you the estimated annual insurance cost based on your inputs.

How does this calculator help you?

Highlights ways to save money with discounts or better decisions
Gives a baseline idea of what to expect as your car insurance premiums
Helps you plan ahead financially
Shows the cost difference between coverage levels and policy types

How much does it cost to add a teenage driver to your insurance?

According to our analysis of rates, it costs an average of $4,515 nationwide to insure a teen driver on a parent’s full coverage policy. Costs vary by age. Here’s how much you can expect to spend by state and company.

There is no way around it: Adding a teen driver to your insurance policy will likely cause your insurance rates to spike.

Estimating teenage car insurance cost: Things to know

Even before your teen begins to drive, it’s helpful to call your insurance agent or company representative to get an estimate of how much the insurance will cost.

You should shop around and gather a number of quotes for insuring your teen. Each insurance company has its own method of pricing policies for teens, and it is likely that some insurers will charge more than others.

Because teens are inexperienced, they are at higher risk of getting into an accident. In a worst-case scenario, they could be responsible for a serious collision. That means you might want to consider increasing your liability insuranceLiability insurance covers sums that an insured becomes legally obligated to pay because of bodily injuries or property damage, or financial losses caused to other people. limits.

Although this will make your policy more expensive, it could protect you from financial ruin should you be sued for hundreds of thousands of dollars — or more — in damages.

Wherever you purchase a policy, costs are likely to be highest when your teen first starts to drive. As the teen grows older and gets more experience behind the wheel, costs should come down as long as the teen avoids accidents and driving infractions.

Teen car insurance discounts

Teen drivers can get some of the same discounts as adults, and some discounts are aimed specifically at teens, like the good student discount, which saves an average of 14%. Take a look at some of the ways to save below.

Discount category	Average premium before discount	Average premium after discount	Dollar difference	% difference
Air Bags	$7,146	$7,052	93	1%
Anti-Theft Device	$7,146	$7,065	80	1%
Comp and Coll Deductibles	$7,146	$6,483	662	9%
Daily Commute	$7,146	$6,733	413	6%
Days Advanced Purchase	$7,146	$6,622	524	7%
Days Per Week Driven	$7,146	$6,797	349	5%
Driver Training	$7,146	$6,632	513	7%
Education	$7,146	$6,555	591	8%
Electronic Funds Transfer	$7,146	$6,863	283	4%
Electronic Signature	$7,146	$6,591	554	8%
Good Student	$7,146	$6,278	867	12%
Homeowner	$7,146	$6,720	425	6%
Lower Annual Mileage	$7,146	$6,623	523	7%
Loyalty - Years Renewal With Company	$7,146	$6,579	567	8%
Marital Status	$7,146	$5,793	1,352	19%
Multi Policy	$7,146	$6,449	696	10%
Paperless/Electornic Documents	$7,146	$6,910	236	3%
Payment Type	$7,146	$6,535	611	9%
Primary Use	$7,146	$6,590	555	8%
Profession	$7,146	$6,193	952	13%
Purhase Status	$7,146	$6,595	550	8%
Safety Devices	$7,146	$6,894	252	4%
Telematics	$7,146	$6,368	778	11%
Vehicle Ownership	$7,146	$6,762	383	5%
Years Insured	$7,146	$5,774	1,371	19%
Years Licensed	$7,146	$6,218	927	13%

How to save on teen car insurance

Although insuring a teen is likely to be expensive, there are things you can do to trim the cost.

Good student discount. Generally, students who earn good grades — such as a “B” average — might qualify for a good-student discount.
Driver training. Some insurers also offer a price break to teens who take an approved driver training course.
Student away from home. When your teen goes to college, you might earn a discount if the school is located far from your home – typically at least 100 miles — and they don’t bring their car with them to campus.
A higher deductible. Another way to cut car insurance costs is to raise your deductible. This should lower your premium costs. However, remember that if you file a claim, you will have to pay the deductible in full before your insurance coverage will kick in to pick up the rest of the bill.

“Some insurance companies offer discounts for teens who complete a safe driving course, and some also offer good student discounts,” She-Tom says.

“Enrolling in an auto telematics program can also help you to stay in control of your car insurance costs. Auto telematics programs use smartphone app technology to provide feedback on driving habits. Not only will it help build awareness of driving habits, it may help teens become safer drivers,” she says.

FAQ: Teen car insurance

How much is teenage car insurance per month?

The average cost of a full coverage car insurance policy for a teen driver at age 16 is $596 a month. For state minimum coverage, a 16-year-old will pay an average of $176 a month. These rates are for a teen on their own policy. A 16-year old on a parent’s policy will pay an average of $359 a month for full coverage.

How much is car insurance for an 18-year-old?

The average cost of car insurance for an 18-year-old driver is $5,249 a year.

What is the cheapest way to get car insurance for a teenager?

In most cases, it is cheapest to add a teen to a parent’s policy. Insure your teen on the cheapest car you own; it may be worthwhile to get an older car that your teen can be insured on that doesn’t require full coverage. Liability-only coverage is much cheaper.

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