How Much Is Car Insurance For A Young Driver – It’s no wonder younger drivers are paying more for car insurance. A young driver’s lack of experience and limited driving history is a risk for insurance companies, so they charge more to insure new drivers. But how much will a new driver pay? We’ve crunched the numbers to find out the cost of UK car insurance for an 18-year-old driver in England by major cities, so you know what you can expect to pay based on where you live. The price will be the same for 17 and 19 years.
If cost is your priority, you should probably choose one of the cheapest plans available. The team collected more than 400 insurance policies from young drivers in 10 cities in England, and they calculated that the average price of cheap insurance for an 18-year-old driver is £1,752 a year. But prices vary widely by region, with young drivers in Liverpool, Birmingham, Bradford and Manchester costing more than £2,000 a year. Young drivers in Sheffield and Bristol pay the lowest in our survey, at over £1,100 a year. This means that young drivers in some regions pay almost twice as much as young drivers in other regions.
How Much Is Car Insurance For A Young Driver
Despite the cost of insurance and the average driver spending over £1,000 on driving lessons (at £23 an hour), being a young driver is not cheap.
Teen Drivers, Insurance And Safety
To find out how much a young driver will pay for comprehensive car insurance, we’ve compiled estimates for a sample of 18-year-old full UK drivers driving a 2016 Ford Fiesta, the UK’s most popular car. (For more information on how insurance costs vary by car make and model, see our How Much Does Car Insurance Cost in the UK?) In total, we’ve collected over 400 quotes for drivers from London, Birmingham, Leeds, Sheffield, Bradford, Manchester, Liverpool, Bristol, Newcastle and Sunderland that drive less than 5,000 miles per year. Things mentioned include free car cover, breakdown, accident and legal cover. The information was collected from the plans of the following auto insurance companies:
The guide on this site is based on our own research and is intended to help you identify your options and narrow down your choices. We do not advise or suggest what to buy; Take proper precautions before entering into any agreement. Read our full profile here.
Advertiser Disclosure: Authorized and regulated by the Financial Conduct Authority (FCA), FCA FRN 797621. This is a research and personal financial information site. Reviews posted on this site are based on our own research and opinions, focusing on product features and price, not service. Some of the offers that appear on this website come from companies that receive compensation from them. This compensation may affect how and where offers are displayed on this site (for example, the order in which they appear). For more information, see Disclosure of information by the advertiser. The Site may not review or include all companies or all available products. While we make every effort to have complete and up-to-date product information, prices and terms may change after publication, so always check with the supplier for details. Consumers should make sure they do their own research before entering into any deal. For a 22-year-old looking for the cheapest car insurance, we recommend Erie, USAA, and Geico. Erie offers the cheapest car insurance rates for 22-year-old drivers at $1,922 per year for comprehensive coverage, based on our search of thousands of rates in many states.
The average cost of car insurance for a 22-year-old is $4,304 a year, or $359 a month, for full coverage.
Will My Young Driver Car Insurance Be Cheaper With An Older Car?
Erie Insurance, which is available in 13 states nationwide, has the cheapest rate for a 22-year-old at an average price of $1,922 per year for comprehensive coverage. USAA comes in second at $1,999 per year, although only current and former military personnel and their families can qualify for USAA policies.
At $2,317 per year, Geico is the cheapest car insurance company for 22-year-olds in all 50 states.
The huge price difference between insurers shows why young drivers should always shop around for auto insurance rates.
Car insurance for a 22-year-old male driver costs an average of $4,425 per year compared to $4,183 per year for a 22-year-old female driver.
Best Cheap Car Insurance For Young Inexperienced Drivers
Many states prohibit insurance companies from using gender to calculate auto insurance rates. These states include California, Hawaii, Massachusetts, Montana, North Carolina, and Pennsylvania, as well as parts of Michigan. This means that all other things being equal, drivers aged 22 and over should pay the same amount in these areas.
The average annual cost of car insurance for a 22-year-old is $4,304, or about $359 a month. Because insurers consider drivers under 25 to be the most dangerous, car insurance rates can be especially expensive for this age group. However, just a few years and the difference in age can greatly affect the performance.
For example, when you turn 22, your annual premium can drop by an average of $307.
Geico offers the lowest prices on four of our nine products. However, these are average fares and the best way to find the cheapest fare for you is to shop around.
Simple Car Insurance Trick Could Save You £368 A Year
Average auto insurance rates vary widely by state. North Carolina offers the cheapest car insurance for 22-year-olds at $1,751 per year, which is $2,553 less than the average. On the other hand, auto insurance policies in Michigan are more expensive for 22-year-olds, costing $8,234 more than the average.
Comparing quotes from multiple insurers is often the best way to find cheap car insurance. Insurers use many variables to determine auto insurance rates, such as driving experience, previous claims history, age, vehicle type, and more. Given the variables involved in car insurance, the insurance company that offers the cheapest rate for one person is often different from the cheapest insurance company for another.
22-year-olds may also benefit from continuing to hold their parents’ policies for as long as possible and taking advantage of discounts that may be available. Combined family planning may be more expensive for your parents; however, the total cost is much cheaper than if you paid for two separate policies. You can stay on your parents’ auto insurance as long as you live in the same household or go to school full-time.
The type and amount of discounts can vary widely among insurers and regions, which is another reason to look for auto insurance benefits.
Know How To Choose The Best Car Insurance For Young Drivers
You can also get an estimate of insurance costs using our car insurance calculator.
This study used auto insurance quotes from thousands of zip codes in nine states. The most frequent drivers in the US model were 22-year-old men and women driving a 2015 Honda Civic EX. Both drivers had flawless driving.
The study included 29 insurers, although auto insurance premiums were included in the analysis only if their policies were available in at least three of the nine states.
The study collected insurance data from Quadrant Data Services. Rates are publicly available from insurers’ records and should be used for comparison purposes only. Your score may differ from the average we calculated.
Pay As You Go Car Insurance
To get an insurance quote over the phone, call: (855) 596-3655 | Agents are available 24 hours a day, 7 days a week! Erie, Geico and USAA are the cheapest companies based on our search of thousands of auto insurance benefits for 18 year old drivers from 29 companies nationwide. Get quotes from multiple companies to find the cheapest one for you.
Comprehensive car insurance for an 18-year-old driver costs an average of $7,396 per year or $616 per month. We found a difference of $7,551 in annual costs between the cheapest Erie insurance company and the most expensive Allstate insurance company. These price differences show why it’s important to compare insurance quotes to make sure you’re getting the best rate.
Drivers under the age of 25 have higher insurance rates because they are considered more dangerous drivers. As you get older and have more years of driving, your insurance premiums should start to decrease.
For example, an 18-year-old will see the average annual amount drop by $1,445.
Cheap Car Insurance For Young Drivers
The average cost of car insurance for 18-year-old female drivers is cheaper than for 18-year-old male drivers. At age 18, female drivers earn an average of $7,030 per year, compared to $7,762 for male drivers.
The Centers for Disease Control and Prevention found that the death rate for male drivers between the ages of 16 and 19 is twice that of female drivers in that age group, making young men a higher risk for insurers.
However, some states –
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