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Best Car Insurance for 18-Year-Olds: Cheap Companies (2022)

Best Car Insurance for 18-Year-Olds: Cheap Companies (2022)

Teen car insurance is expensive, but not everything is out of your control. There are things you can do to save money, such as adding the 18-year-old driver to your family policy, shopping around often, and looking for specific discounts.

Add the Teen to a Parent’s Policy

If you live in the same household, you can add a teen driver to your family policy to save hundreds or even thousands of dollars a year. This will not work if the 18 year old owns a car in their name, in which case they will need their own policy.

Also, it may not make sense if the parents have a poor driving history or very poor credit scores. An 18-year-old can find cheaper rates on his own policy in these cases.

Look for the right discounts

Car insurance discounts can make a world of difference in finding great rates for young adults. Young drivers can qualify for a student discount and parents can get a discount if their children go to school more than 100 miles away without a car.

Bundling can also be a good idea if you have other types of insurance, such as renters. Some auto insurance companies offer safe driving discounts to those with short driving histories, while others require four or five years of claim-free driving to qualify.

Companies with the best auto insurance for 18-year-olds offer a variety of discounts. Look out for the following discounts when comparing car insurance policies:

  • New driver discount
  • Safe driver discount
  • Good student discount
  • Student away with school discount
  • Usage Based Discounts
  • Discount for multiple policies
  • Discount for multiple cars
  • New car discount

Choose the right cover and deductible

Your coverage levels and deductibles have a direct impact on your auto insurance rates. Think about what level of protection you want in the event of an accident and reduce your coverage to that amount to save money. You can also increase your deductible to take a little more risk and lower your overall premium. Minimum coverage car insurance is the cheapest option.

Choose an affordable vehicle

If you’re considering buying a family car for your 18-year-old to drive, consider paying cash for an affordable used sedan or mid-sized SUV. Without a car loan, you don’t need to have comprehensive or collision coverage on the vehicle.

You only need to have physical injuries and material damage Liability coverage required in your state. Some states require more coverage, but companies are not allowed to sell you less than the required amount.

Try usage-based insurance

Telematics insurance Programs like State Farm’s Drive Safe & Save™ give discounts based on your current driving habits, not your past driving history. Families with teenagers can take advantage of discounts if they all participate in the program. Keep in mind that some usage-based insurance options can increase auto insurance premiums, so research programs before starting one.