Car Insurance for Teens: Average Cost per Month, States with Cheap Insurance, Ages, Companies with Cheap Insurance for Teens – 2022 – News Block

Finding the cheapest car insurance for teens in the US isn’t as quick or easy as you might think.

There are thousands of providers to choose from, and most can provide similar services at reasonable prices.

But if you want the best and cheapest teen auto insurance in the US, you’ll have to be patient and find the perfect plan for your teen or minor child.

Read on and see what the cheapest options are.

Teenagers make up a large percentage of drivers on the road today, which means that as a parent, you probably have a teenager who will need to get their license and buy a car.

And one of the first things you should do is find out how much it will cost to insure your teen’s new vehicle.

How much does car insurance for teen drivers cost?

The thing is, the amount of money it costs to insure your child depends on a number of factors, including:

The older your child is before they start driving, the more your auto insurance premiums will cost.

This is because insurance companies view teens as inexperienced drivers, and there are laws in place that require teens to build their experience by practicing with an adult driver in the car before hitting the road on their own.

The prices you’ll pay for auto insurance for your teen will vary depending on the vehicle they drive.

If you buy new cars for each of your children as soon as they turn 16, expect your premiums to rise significantly because insurance companies consider new cars to be high-risk vehicles.

Although teen auto insurance rates differ by state, here are the average prices we found for full and minimum coverage, by age:

  • 16 years: $6,613 for comprehensive coverage; $2,733 for minimum coverage.
  • 17 years: $5,373 for comprehensive coverage; $2,206 for minimum coverage.
  • 18 years: $4,837 for comprehensive coverage; $1,938 for minimum coverage.
  • 19 years: $3,716 for comprehensive coverage; $1,451 for minimum coverage.

How much does it cost to add a teen driver in your state?

A teen’s car insurance premiums can vary depending on the state in which you live.

For example, teen drivers in Hawaii can get comprehensive coverage for just $950 a year, while in Alabama, the lowest rates are over $3,000.

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