Best Insurance Companies For Teenage Drivers

Best Insurance Companies For Teenage Drivers – Not all teen drivers need the same thing on their car insurance. Our top car insurance picks for teens include options that meet the needs of different types of teen drivers.

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Best Insurance Companies For Teenage Drivers

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How To Find Cheap Car Insurance For Young Drivers

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Teen drivers can face unique challenges when seeking car insurance coverage, including affordability. Insurers in most states may consider age as a factor when setting insurance rates, which can translate into high premiums for teens. This is because teenagers can be seen as high-risk drivers. Fortunately, there are ways to make auto coverage for teens more cost-effective.

Some insurers offer discounts for teen drivers or savings for adults who add a teen to their existing policy. It’s essential to know that some insurance products are better than others at meeting the needs of teen drivers.

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Why State Farm stands out from the rest: State Farm offers a wide range of money-saving discounts and teen-friendly insurance products. Your Steer Clear® discount provides teens with focused driver training and reduces premium costs for those who have not had an at-fault accident or moving violation in the previous three years.

State Farm offers standard coverage options such as collision, comprehensive, liability, and uninsured/underinsured motorist. Optional add-ons include car rental, travel expenses and shared ride coverages.

State Farm offers teens the opportunity to save money while acquiring driver training, and usage-based insurance can help young drivers save significantly on their policies. The company, which offers several discounts that teen drivers can take advantage of, has above-average customer satisfaction ratings in the 2021 J.D Power Auto Complaint Satisfaction Study, earning 12 points above the industry average.

Why Progressive might be a good choice: Roadside assistance coverage pays towing expenses after a breakdown and can be valuable for teens who drive older cars. Progressive’s roadside assistance protection includes towing to the nearest qualified repair shop, as well as towing service to remove your vehicle if it is stuck in mud, snow, water or sand within 100 feet of a road or highway.

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The range of services includes flat tire change, fuel delivery, battery jump starting, battery charging for all-electric cars and up to an hour of on-site work if your car is disabled.

Progressive offers a multitude of discounts on car insurance policies, including a discount for good ratings and the Snapshot® program, which tracks driving habits and provides discounts for good drivers.

And in addition to its standard collision, comprehensive, liability, and uninsured/underinsured motorist coverages, Progressive offers additional coverage that can help a teen driver. The company offers rideshare driver insurance — so you’re covered whether you drive for Uber, Lyft, or another service — and optional roadside assistance.

Progressive is available in all 50 states and Washington, D.C. The company was rated below the industry average in the 2021 J.D. Power Auto Claims Satisfaction Study, earning 18 points lower than the industry average on a scale 1,000 points.

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Why USAA might be a good choice for teens with a military affiliation: USAA specializes in providing auto insurance for military families. The company offers several discounts, including options for students with good grades and a clean driving record. Those living in eligible states can save significantly with the company’s safe driving program, SafePilot.

USAA offers several teen discounts that can help limit insurance costs, such as a good student discount and a usage-based insurance option called SafePilot. Although USAA is not technically eligible for J.D. Power’s 2021 Auto Claims Satisfaction Study, the company earned a top score of 909 on a 1,000-point scale, which is 29 points above the industry average.

The company offers standard coverage options as well as optional roadside assistance and rental reimbursement coverages. USAA is available in all 50 states and Washington, D.C., but only to those with a military affiliation.

Why Nationwide might be a good choice for low-mileage teen drivers: Nationwide is an excellent choice for teen drivers who rack up relatively little mileage. This company offers SmartMiles, a pay-per-mile car insurance program with a flexible rate based on your mileage. The SmartMiles program can also offer up to 10% off for safe driving after your first renewal.

Teenage Drivers: How To Add Your Kids To Your Auto Insurance Policy

Nationwide has many car insurance options in addition to its standard policies. Car rental expenses, gap, missing person deductible, and accident forgiveness coverages can reward a teen for good driving and help if they are involved in an accident. Nationwide’s SmartMiles program might make sense for a teenage driver who doesn’t log many miles.

Nationwide is not available in some states and ranks slightly below the industry average in the 2021 J.D. Power Auto Claims Satisfaction Study, earning four points lower on a 1,000-point scale.

To develop our top car insurance picks for teens, we reviewed the websites of nearly a dozen insurers and J.D.’s 2021 Auto Insurance Study. We chose the insurers in this article based on factors we believe are necessary for teens and their families, including…

The cost of car insurance for teens varies. While age is a factor, there are other things insurance companies consider when setting rates, including coverage options, driving history, deductible, car value, and ZIP code.

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You can save money on your monthly premium by increasing your deductible – although if you need to make a claim, you’ll pay more out of pocket. You can also save money by eliminating comprehensive and collision coverage if you’ve paid off your car and it’s worth less than your premium and deductible.

It may cost parents less to add their teen driver to their current policy rather than purchasing separate coverage. Some insurers consider teenagers to be at higher risk of having an accident. As a result, insurers may impose higher rates on separate policies for teens to compensate for the increased risk.

About the author: Warren Clarke is a writer whose work has been published by Edmunds.com and the New York Daily News. He enjoys providing readers with information that can make their lives happier and broader. Warren holds a Bac… Read more.Partner Content: This content was created by a Dow Jones business partner and independently researched and written by the editor. Links in this article may result in me earning a commission. To know more

The cheapest car insurance for 16 year olds can be found at Erie Insurance for an average of $284 per month or $3,410 per year for full coverage

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Written by: Daniel Robinson, Written by: Daniel Robinson Writer Daniel is a staff writer for Guides and has written for several automotive news sites and marketing companies in the US, UK and Australia, specializing in car financing and car care topics. Daniel is an authority on the Guides team on auto insurance, loans, warranty options, automotive services and more.

Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Editor in Chief Rashawn Mitchner is a Guides staff editor with more than 10 years of experience covering personal finance and insurance topics.

Becoming a licensed driver at age 16 opens up a new world of possibilities and freedom, but it’s also expensive. We at the Guides team have analyzed dozens of provider rates for 16 year olds and recommend comparing provider quotes to find the cheapest car insurance for your situation.

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Cheap Car Insurance For Young Drivers

The Guides Team is committed to providing reliable information to help you make the best decision possible about your vehicle insurance. Because consumers trust us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collect data on dozens of auto insurance companies to rank companies on a wide range of ranking factors. After 800 hours of research, the final result was an overall rating for each provider, with insurers that scored the most at the top of the list.

The average cost of car insurance for a 16-year-old with their own full coverage policy is $6,912 per year or $576 per month. This is about four times more expensive than

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