Greatest Low-cost Automotive Insurance For Youngsters & College students In 2022 – Kelley Blue E-book

Teenagers and people in their early 20s, including many high school and college students, pay some of the highest auto insurance rates in the country. These new drivers lack driving history.

Insurance companies formulate their tariffs on the basis of existing data that shows how younger people and people with no driving experience tend to drive more recklessly, get into car accidents and receive a variety of notices, such as parking tickets.

In this review, we take a look at the cheapest auto insurance options for teenagers, students, and new drivers. We also give tips on how you can lower your car insurance premium.

Best cheap car insurance for teenagers

American Family is the cheapest auto insurance provider for the youngest drivers, averaging $ 182.96 per month, according to Savvy data from Kelley Blue Book. However, the insurer only operates in 19 states, mostly in the West and Midwest.

Using Savvy data, we've compiled the top 5 best and cheapest auto insurances for drivers ages 18-24. Read more about the company's methodology.

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Monthly rate for 18 to 24 year olds
Exhibitor height
American family $ 182.96
Mercury $ 191.79
The general $ 200.42
SafeAuto $ 202.49
USAA $ 208.02

Source: Savvy

American Family is followed by Mercury, The General, SafeAuto and USAA.

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Best cheap insurance for students

According to a study by The Zebra, if you qualify, USAA is among the cheapest and best insurance for learner drivers, estimated to cost an estimated $ 355 per month.

USAA only offers coverage to active and ex-military personnel, their children and spouses.

After USAA, State Farm is the cheapest for college students. For coverage with this insurer, a high school student pays an average of an average of $ 429 per month. The next three cheapest companies for high school students are GEICO, Nationwide, and Allstate.

College students, on the other hand, can expect slightly less car insurance costs. This is because most of them have at least some driving experience.

According to The Zebra, USAA is also the cheapest auto insurance for college-age students with an average premium of $ 209 per month. For those who don't qualify for the USAA, a state farm policy costs an average of $ 275 per month. You can also expect great prices from GEICO, Nationwide, and Progressive.

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Best cheap insurance for new drivers

The cheapest option for new drivers is GEICO. According to The Zebra, a driver with no insurance history pays $ 633 for a six-month premium with GEICO regardless of age.

The next cheapest option is State Farm (new drivers charge an average of $ 646 for a six month policy), followed by Nationwide (which has an insurance rate of $ 661). New drivers can also try progressives. The average six-month bonus for new drivers averages $ 688.

How can I get a lower car insurance rate?

  1. Get good grades. The best way teenagers and college students can lower their auto insurance premiums is with good grades. Many auto insurance companies offer good discounts.
  2. Distance student. Additionally, if you are a college student and you don't live at home (more than 160 miles), you may be eligible for a student away from home discount if you have your parents' policy. Note that you can only get this discount if you don't want to have your own car when you are away from home.
  3. Good driver discount. Another great option for teens, students, and new drivers is telematics. Telematics is a new technology and basically consists of an app that you download onto your phone to keep track of how you are driving. If the app thinks you are a good driver, you are eligible for significant discounts. However, keep in mind that not all insurance companies offer this option.
  4. shopping spree. To find the best auto insurance rates that are right for you, it is best to get quotes from various insurers and discuss all of your coverage options and discounts. Don't forget to ask about car security feature discounts. That will help you get the lowest possible price. With this tool from GEICO you can get started.

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