This article aims at bringing to light the cheapest car insurance companies for teens. As you might know, teen car insurance isn’t particularly the cheapest thing to come about but thanks to this you wouldn’t go into the market half prepared.
In this article, I have put together the 15 cheapest car insurance companies for teens, all that’s left for you is to go through each service they offer and states support and pick the one which works best for you. So, without wasting any more time let’s get into it.
How much is car insurance for teens?
Car insurance is generally expensive. It is no different for teens. In fact, when it comes to car insurance, young drivers pay more than their older, more experienced counterparts.
This is mostly because teens 16 to 19 are nearly twice as likely to experience fatal car accidents, according to the Insurance Institute for Highway Safety (IIHS).
Basically, car insurance for teens should cost about $169 per month on average. The price is on the high side because teens are also more likely to get distracted while driving.
Should teens be on their parent’s car insurance policy?
Well, there are no legal implications to a teen staying on their parent’s car insurance policy and added to the fact that it is most at times cheaper than actually getting a separate policy for a teenager.
The teen also enjoys benefits and discounts that their parents qualify for which maybe the teens wouldn’t be able to qualify for on their own.
However, it might be important to note that the addition of a teen to the parents’ policy would incur more charges for the parents to pay off their monthly premium.
Even though there is no law as to when a young driver has to get their own insurance when you start living independently, paying off your own bills and expenses, and driving your own car.
It might just be about time you go ahead and get your own insurance for your car and stay off your parents’ policy.
Teen Car Insurance Requirements
When going about to get your teen car insurance, there are some mandatory types of coverage that are a must-get.
This basically means getting the minimum amount of liability insurance required based on the state you are in.
Liability insurance is basically financial protection for drivers who happens to be the ones at fault in case of a car accident. Liability insurance has two basic types;
- Bodily injury liability coverage
- Property damage liability coverage
The bodily injury liability insurance takes care of medical and other expenses if the policyholder or any other listed driver on the policy injures someone and is deemed to be the cause of the accident.
However, the property damage liability coverage pays for repairs to someone’s vehicle or other properties that might have been destroyed during the course of the accident.
Depending on the state of residence, you might also be required to purchase comprehensive, collision, underinsured/uninsured motorist, and personal injury protection coverage.
15 best cheap car insurance for teens in 2022
Now let’s get to the core of the article which is the 15 best cheap car insurance for teens in 2022.
I have compiled the best list I could find from different sources and I really hope it renders the help that you seek.
Nationwide insurance offers one of the lowest average costs for adding a teen driver.
It also comes with top-notch tech fundamentals such as both pay-per-mile insurance and usage-based insurance.
It has excellent teen family pricing and a 5.0 rating of Forbes advisor.
USAA is top-notch when it comes to customer service. It brags of extremely high claims satisfaction among customers and superior car insurance rates for parents.
It has a very good teen family pricing and 4.5 rating on the Forbes advisor.
American Family insurance
American Family Insurance offers amazing customer service with irresistible rates on insurance policies.
This Family Insurance has a low level of complaints as well as offers a teen safe driver program which includes a mobile app that monitors a teen’s risky driving actions.
Geico insurance offers one of the best and most affordable options for parents who wish to add a teen to their policy.
There also offer great customer service, a very competitive average cost for teen drivers, and a Geico mobile app that offers awesome augmented reality features.
It has a rating of 4.0 on the Forbes advisor.
Allstate insurance company offers some very excellent tech fundamentals as well as amazing customer service. They also offer both usage-based and pay-per-mile insurance options.
Allstate insurance also offers discounts if the teen completes teen SMART, which is a computer-based driving-improvement program with videos, simulations, and activities.
Allstate Insurance is rated 3.5 on the Forbes advisor.
Erie insurance offers very low-cost insurance policies for teen car insurance.
They offer very competitive auto insurance policies for families. And if you are a member of Erie insurance, you would get a discount by having the teen complete teen SMART, a driving improvement stimulation done on a computer with videos, simulations, and activities.
Erie Insurance is rated currently on 3.5 on the Forbes advisor.
Farmers’ insurance is known for its elegant pricing and tech fundamentals. They don’t particularly have the best customer reviews based on popular opinion.
But then farmers’ insurance offers strong tech conveniences such as digital ID cards and virtual car insurance claims.
Farmers’ insurance holds a rank of 3.5 on Forbes advisors and that is why it is currently on our list now.
Progressive insurance is known for its high customer claim satisfaction and technological connivances with over 80% of customers with claims being satisfied.
It has an about average teen family pricing and ranks 3.5 on the Forbes advisor.
State Farm insurance
State Farm insurance is known for its above-average teen family pricing, amazing customer service, and excellent tech fundamentals. This insurance offer tech conveniences such as digital ID cards and virtual car insurance claims.