Best Car Insurance Rates For New Drivers

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New drivers pay significantly more for car insurance than experienced drivers, but some companies still offer great rates and comprehensive coverage.

Best Car Insurance Rates For New Drivers

Written by: Daniel Robinson Written by: Daniel Robinson Author Daniel is a Guides Team writer and U.S., U.K. and has written for several automotive news sites and marketing organizations in Australia, specializing in auto finance and car care topics. Daniel is the Guides team authority on auto insurance, loans, warranty options, auto services and more.

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Edited by: Rashan Michner, Edited by: Rashan Michner Managing Editor Rashan Michner is a Guides team editor with over 10 years of experience covering personal finance and insurance topics.

Reviewed by: Mark Friedlander, Reviewed by: Mark Friedlander Advisor Mark Friedlander, Director of Corporate Communications, Insurance Information Institute (Triple-I), a New York-based nonprofit insurance research and education organization. Mark serves as the national spokesperson for Triple-I, handling a wide range of insurance industry media issues. His responsibilities include leading the association’s hurricane season communications strategy and its member company support and media outreach in Florida, where he is based.

We at the Guides team give you an overview of what new drivers can expect to pay for car insurance, who qualifies as a new driver and what factors shape the price of an insurance policy. Our experts have analyzed and ranked the best car insurance companies in the industry, and we recommend comparing providers to find the best rates.

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The Guides team is committed to providing reliable information to help you make the best possible decision about insuring your vehicle. Because consumers rely on us to provide objective and accurate information, we’ve created a comprehensive rating system to create rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade companies on a wide range of ranking factors. After 800 hours of research, the final result is an overall rating for each provider, with insurers with the highest points at the top of the list.

There is no specific auto insurance policy for new drivers. Each state sets its own minimum auto insurance requirements, and car insurance for new drivers looks like any other driver’s policy. Lack of driving experience doesn’t change how much insurance you need, it just affects the price.

You are expected to purchase at least the minimum coverage required by your state, which usually includes bodily injury and property damage liability car insurance. Some states also require uninsured/underinsured motorist coverage and personal injury protection. Below are the six standard types of car insurance.

As a new driver, there are many factors that affect the specific car insurance rate you pay, including your location, vehicle, driving record and credit history. Age and driving experience are two factors that insurers weigh heavily because they are key indicators of how likely a driver is to be involved in an accident.

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$6,050 per year or $504 per month. Rates are higher for new drivers, especially teenage and young drivers, as highlighted in the table below:

*Rate averages above are independent rates for teenage and young drivers, which are among the most common groups representing new and inexperienced drivers.

Below are the average annual costs from several leading providers for full coverage insurance for a 25-year-old with a good credit rating and a good driving record.

As the table above shows, Nationwide and Travelers offer the cheapest rates for new drivers on average. We found that 25-year-old drivers who qualify for coverage through Nationwide pay an average of $1,633 a year, or $139 a month, for a full coverage car insurance policy.

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New drivers can pay $3,000 or more a year for car insurance, depending on the company. Lack of driving record makes insuring new drivers more expensive. Younger drivers are more prone to accidents, which can also increase car insurance rates.

The reason insurance companies raise rates for young drivers is because of a lack of experience behind the wheel, which increases the risk of accidents. Car accidents are the second leading cause of death among young adults in the U.S., according to the Centers for Disease Control and Prevention. Additional reporting from the Insurance Institute for Highway Safety found that nearly two out of every three teenagers killed in crashes in 2020 were male.

The best way to ensure you get the lowest possible rates as a new driver is to contact multiple providers for car insurance quotes. Car insurance companies review several factors when giving coverage estimates. Some focus on the auto policy itself, but many have to do with driver demographics and driving record.

There is no surefire way to find the best price for auto insurance, but there are some things you can do to get a lower car insurance premium. If you are buying car insurance for new drivers, we recommend using the following strategies.

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No two insurance companies will give you the same price. Taking the time to compare car insurance quotes can give you a basic idea of ​​what you can expect to pay when you add someone to an existing policy – ​​or how much you could save by switching providers.

When you’re deciding between the two companies, it may also help to read comparisons like our Allstate vs. Progressive review or State Farm vs. Geico review. They break down each company’s discount offers and customer reviews side by side.

While having a poor credit score can increase your rates, building good credit before you start driving is a smart way to get cheap car insurance as a new driver.

Improving your credit may seem like a daunting task, but you can start doing it today to boost your credit score. Here are 7 simple steps to start building your credit so you can get lower rates on your car insurance.

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Many car insurance companies offer discounts for young drivers and students, but you can save money in other ways as well. Bundling policies like homeowners insurance with your auto coverage can lower your premium, so check to see if your insurer offers a multi-policy discount. Here are some common discounts offered by insurance providers:

If you’re looking to save and have a new driver on the road, adjusting your current auto policy can get you a better rate. Choosing a higher deductible usually results in lower premiums, but you may have to pay more up front if you file an insurance claim.

Another option is to drop coverage you don’t need. If one of your cars is older and you own it outright, you can stop paying for collision insurance and comprehensive coverage. In most states, if you decide to drop the remainder of your full coverage policy, you still have to pay for liability insurance.

Also known as telematics insurance, usage-based car insurance coverage measures driving behaviors and mileage and uses this data to set rates. According to the National Association of Insurance Commissioners, by linking the monthly bill to actual time on the road and good driving habits, usage-based insurance policies generally end up costing consumers less than traditional auto insurance.

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Usage-based policies may not be available in every state. They’re not a good choice if you drive frequently or travel long distances, and people with poor driving habits can actually see their rates go up.

Although teenage drivers are the first to come to mind when thinking of new drivers, there are many different types of drivers who are getting their licenses for the first time. Here are some examples of people who can be considered new drivers:

Since car insurance costs vary from person to person, each of these groups has tips for new drivers unique to them. In the sections below we will look at some of the specifics of getting car insurance for each group.

It can be exciting for teenagers to start driving on their own for the first time, but the cost of car insurance for new drivers is usually high. As mentioned, age is one of the main factors insurance companies consider when calculating rates.

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Generally, the best way for young drivers to get cheap car insurance is to keep their parents’ policies. Car insurance companies typically offer families several discounts to save money on insurance coverage, including:

Young drivers cannot buy their own policies if they own their own cars and do not have the same permanent address as their parents. Keep in mind that drivers under the age of 25 generally pay much higher rates. Adding a young driver to an existing family insurance policy

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