Cheap Car Insurance for an 18-Year-Old: How to Reduce the Cost

Cheap Car Insurance for an 18-Year-Old: How to Reduce the Cost

It’s no secret that adding a teen driver to your car insurance policy will cause your rates to go up.

The National Association of Insurance Commissioners reports that the addition of a young driver increases premiums by an average of 82 per cent! However, just because 18-year-olds are considered high-risk drivers doesn’t mean you can’t find cheap car insurance for them.

There are several strategies parents can use to reduce the cost of insurance for their newly licensed drivers.

One way to keep rates low is by increasing the deductible on your policy. This will lower your premiums but make you responsible for a larger portion of any damages that occur.Car Insurance for an 18-Year-Old

You can also ask your insurance company about discounts they offer for good students or drivers who complete defensive driving courses.

Another option is to consider adding the 18-year-old to your existing policy as an occasional driver.

This will allow them to drive the car only when you are present and will help keep rates down. If you have more than one vehicle, you might also want to consider insuring all of them with the same company to get a multi-car discount.

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

The age of majority at the moment at which you are considered an adult. You can vote, obtain lines of credit, and drive in many states once you’ve reached the age of 18.

Car insurance for 18-year-olds may be expensive, whether you’re shopping for it for the first time or seeking a cheaper policy.

We’ll look at average expenses next, then go through how to save money on insurance and which businesses provide the best vehicle insurance in the business.

Average 18-Year-Old Car Insurance Rates

The average annual cost for car insurance for an 18-year-old driver is $2000, but this number can vary greatly depending on the state you reside in.

Teens are generally considered a higher risk by insurers because they are more likely to get into accidents. The good news is that there are ways to save money on your policy, even if your teen is a high-risk driver.

How to Reduce the Cost of 18-Year-Old Car Insurance

There are several things parents can do to reduce the cost of car insurance for their 18-year old drivers:

• Bundle policies with one insurer – many companies offer discounts when multiple policies (auto, home, life, etc.) are bundled together

• Shop around – rates can vary significantly from one company to the next

• Encourage your teen to get good grades – many insurers offer discounts for students with a GPA of

• Keep your car in a garage or driveway – this can lower rates because it reduces the chance of theft or vandalism

• Drive an older car – newer cars generally cost more to insure than older ones

The Best 18-Year-Old Car Insurance Companies

There are a few insurers that stand out when it comes to providing cheap car insurance for 18-year-olds. USAA, GEICO, and State Farm all have excellent financial ratings and offer some of the lowest rates in the business. If

Cheapest auto insurance companies for 18-year-olds

There are several methods for teens to save money on automobile insurance, whether they use a credit card or not.

There are many options to save money through usage-based savings programs, but there are also some possibilities for teens to save money on car insurance by taking advantage of discounts offered by major companies.

  • Many automobile insurance providers provide full-time students with reduced premiums if they maintain a good grade in school, usually a B or higher.
  • State of California: In the state of California, vehicle dealers must first verify that a buyer has purchased and paid for their car using Department of Motor Vehicles (DMV) records. Public records are then verified with DMV documents to ensure that the sale does not violate any laws or regulations.
  • Is it possible that you may get a cheaper insurance policy if your student is distant? Do you have a full-time student who goes to school more than 100 miles from home? You might be able to obtain cheap insurance if your kid doesn’t have access to transportation.
  • Safe driver discount: An electric vehicle’s driving history may be tracked using a plug-in device or a smartphone app. If you drive slowly and carefully, you can save money on your insurance premiums.

Can an 18-year-old get their car insurance?

An 18-year-old might purchase their vehicle insurance. However, if at all feasible, we recommend joining your parents’ policy since it is less expensive than purchasing a separate policy for you.

An 18-year-old can get their own vehicle insurance policy. If you’re able, we recommend adding yourself to your parents’ plan since it’s less expensive than purchasing your own separate policy.

18-year-old car insurance rates: male vs female

Some states do not allow insurance companies to base teen rates on gender, yet many places in the United States take gender into account when setting your rate.

Because males tend to have more accidents and file more claims, they typically pay higher rates than females.

In comparison to other countries, 18-year-old women in the United States pay an average of $2,686 per year while 18-year-old males pay an average of $3,048 each year, resulting in a difference of $362 based on gender.

One of the most common ways to reduce the cost of 18-year-old car insurance is to add your teenager to your policy. According to Forbes, this can save you up to 50% on your premium.

When calculating premiums, many factors are considered, but one of the biggest ones is how much experience your child has behind the wheel. The longer they have been driving and accident-free, the less you will likely pay for coverage.


If you’re looking for cheap car insurance for your teen driver, increasing the deductible on your policy is a great way to reduce premiums.

However, make sure you have enough money saved up to cover the cost of the deductible in case of an accident. You can also ask your insurance company about discounts for good grades or for completing a defensive driving course.

And finally, shop around and compare rates from different insurers to find the best deal possible. By following these tips, you can help keep your costs down while ensuring that your new driver is properly insured. Have you had any luck finding cheap car insurance for young drivers? Let us know in the comments!

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