How much is car insurance for an 18-year-old?
How much is car insurance for an 18-year-old? It’s important to compare quotes from multiple insurance companies before making a decision. Be sure to ask about discounts and inquire about any specific details you have about your situation.
How much is car insurance for an 18-year-old?
The average cost of car insurance for an 18-year-old varies greatly depending on several factors, including:
Location:
Insurance rates can vary significantly by state. For example, the average annual cost of car insurance for an 18-year-old in Michigan is $8,626, while in California it’s only $4,520.
Driving record:
Young drivers with clean driving records will pay less than those with accidents or violations.
Coverage level:
The more coverage you choose, the higher your premium will be. Minimum coverage is often the cheapest, but it may not be enough to protect you financially.
Gender:
In some states, male drivers pay more for car insurance than female drivers.
Type of car:
The cost to insure a sports car or other high-performance vehicle will be significantly higher than a sedan or SUV.
Car insurance
However, here are some general estimates:
Minimum coverage: $3,186 per year
Full coverage: $4,584 per year
Forbes Advisor: $6,147 per year
Car insurance in USA
Here are some resources that can help you get a more accurate estimate for your specific situation:
Insurance comparison websites: These websites allow you to compare quotes from multiple insurance companies. Some popular options include https://www.thezebra.com/, https://www.moneysupermarket.com/insurance/, and https://quotewizard.com/.
Your insurance agent: An independent insurance agent can help you compare quotes from different companies and find the best coverage for your needs.
Cheaper car insurance
Here are some additional tips for getting cheaper car insurance as an 18-year-old:
Stay on your parents’ insurance policy: This is usually the cheapest option for young drivers.
Maintain a clean driving record: Avoid accidents and traffic violations.
Take driving courses: Completing a defensive driving course or teen driver education program can qualify you for discounts.
Choose a safe car: Insurers charge lower rates for cars with good safety ratings.
Raise your deductibles: A higher deductible will lower your premium, but it means you’ll have to pay more out of pocket if you file a claim.