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With average annual rates of $1,481 for full coverage and $543 for minimum coverage, State Farm is one of the cheapest insurance companies in the country.
State Farm Car Insurance For Teens
Written by: Daniel Robinson, Written by: Daniel Robinson Author Daniel is a staff writer for Guide and writes for numerous automotive news sites and marketing companies in the US, UK and Australia, specializing in car finance and car care. Daniel is the authority on the Guide team when it comes to car insurance, loans, warranty options, car service and more.
Auto Insurance & More In Ny
Editor: Rashawn Mitchner, Editor: Rashawn Mitchner Editor-in-Chief Rashawn Mitchner is a Guide staff editor with over 10 years of experience in personal finance and insurance.
State Farm is not only the largest provider of auto insurance in the U.S., but it also provides some of the most affordable average rates for a wide variety of drivers across the country. The insurer’s average rate for comprehensive auto insurance is lower than the statewide average in 36 of the 48 states it serves and in Washington, DC. Affordable insurance is one of the many reasons we rank State Farm among the best auto insurance companies.
In this article, we, the Driving Team, will look at the average cost of car insurance at State Farm for various driver profiles. Whether you’re looking for cheap car insurance or you’re looking for more comprehensive coverage, we’ll point you in the right direction.
The Guide Team is committed to providing accurate information to help you make the best decision about your vehicle insurance. Because consumers rely on us to provide unbiased and accurate information, we have created a comprehensive rating system that informs our ranking of the best car insurance companies. We collect data on dozens of auto insurers to rate companies based on various ranking factors. After 800 hours of research, the end result is an overall rating for each provider, with the insurer with the most points at the top of the list.
Best Car Insurance For 16 Year Olds
Our research shows that drivers with a clean driving record and good credit history pay an average of $1,481 a year or $123 a month for full auto insurance with State Farm. State Farm customers with the same driver profile pay an average of about $543 a year or $45 a month for a minimum liability insurance policy. The insurer’s average cost for full and minimum coverage is lower than the national average.
Full coverage from State Farm is about 14% cheaper than the national average of $1,730 a year or $144 a month. A full coverage car insurance policy meets minimum condition requirements for property damage and bodily injury and includes collision and comprehensive coverage. This insurance protects your vehicle in the event of an accident, weather event, vandalism or other damage.
Because full coverage policies provide more coverage, they are more expensive than minimum coverage. It also includes a deductible that must be paid before the policy is paid out.
State Farm also offers affordable minimum insurance rates that are about 14% lower than the national average of $635 per year or $53 per month. This type of insurance, also called liability insurance, meets all the minimum requirements for car insurance and helps cover property damage and medical payments to other parties if you are involved in an accident that is your fault.
Average Cost Of Car Insurance (2023)
See how State Farm’s minimum insurance costs compare to other leading insurance companies.
Age is one of the most important factors that affect the price of motor insurance. Policyholders who are teenagers and young adults typically pay significantly higher premiums than their older counterparts.
Speeding, DUIs and accident tickets can increase your State Farm car insurance premium by 20% or more. Below you can see how accidents and violations can affect your rate.
The average rate for a State Farm comprehensive auto insurance policy is lower than the statewide average in 36 of the 48 states and Washington, D.C., making the company a top choice for affordable auto insurance.
State Farm To Cut Auto Premiums By 9.5 Percent
State Farm offers several savings options to make your car insurance premiums more affordable. In addition to lower-than-average insurance premiums, State Farm customers can take advantage of discounts offered by the company, including:
Telematic insurance programs are becoming an increasingly popular way to save. This usage-based insurance program allows drivers to receive insurance discounts as a reward for good driving habits.
With State Farm’s Drive Safe & Save™ solution, customers receive a Bluetooth device to install in their vehicle. The device tracks driver behavior such as acceleration, braking and cornering. Those who follow safe driving practices on the road can save up to 30% on their current insurance premiums.
Teen and young adult drivers can receive discounts by participating in State Farm’s Steer Clear® training program. Drivers take lessons, watch videos on safe driving habits and take quizzes in the Steer Clear app. As part of the program, drivers must also complete five hours of driving training.
State Farm Cuts Retirees Out Of Charitable Programs
Once drivers complete the program, the Steer Clear app issues a certificate of completion that allows them to receive a discount on their policy. Talk to your State Farm agent to learn more about Steer Clear discounts in your area.
State Farm has become the nation’s largest auto insurance provider by offering diverse and effective insurance products, excellent customer service and lower than average insurance premiums. The company also provides customers with several ways to save money through good driving habits and bundled insurance products.
Comparing car insurance quotes is a smart first step in choosing the best policy for your needs. While State Farm is our top choice for most drivers, other providers may better suit your needs and budget. Once you know what State Farm auto insurance costs, consider checking out USAA and Geico before making your decision.
USAA is the fifth largest provider of insurance products in the U.S. and offers the most affordable average rates of any provider we’ve rated. You and your immediate family can take advantage of USAA’s low rates if you are an active duty military or veteran.
Ways To Lower Car Insurance Premiums For Teen Drivers
As the third largest insurer in the U.S., Geico offers affordable auto insurance rates to drivers of all ages and backgrounds nationwide. Thanks to the company’s mobile app and the DriveEasy program, drivers can take advantage of additional discounts to maintain a good streak.
State Farm offers competitive rates on all of its insurance products. The company’s full auto insurance premiums are 14% lower than the national average, making State Farm an affordable choice for most drivers.
State Farm has offered high quality and reliable insurance products for over 100 years. The company consistently receives high customer satisfaction ratings and has an A+ rating from the Better Business Bureau (BBB).
State Farm has thousands of agents helping customers in every U.S. state. except for Massachusetts and Rhode Island. Visit the State Farm website to find a State Farm agent near you.
Best Car Insurance For Teens & Young Drivers (2023)
Because consumers rely on us to provide unbiased and accurate information, we have created a comprehensive rating system that informs our ranking of the best car insurance companies. We collect data on dozens of auto insurers to rate companies based on various ranking factors. The final result is an overall rating for each provider, with the insurer with the most points topping the list. The average monthly cost of car insurance for a 17-year-old is $489, which adds up to $5,864 a year. Car insurance is cheaper for a 17-year-old than a 16-year-old just starting out with a car, but it’s still more than most drivers pay for insurance.
On average, COUNTRY Financial has the cheapest car insurance rates for 17-year-olds, while State Farm is the cheapest national insurance company for 17-year-olds. Both companies offer car insurance for 17-year-olds that is thousands of dollars cheaper each year than average.
The average cost of car insurance for a 17-year-old is $489 per month. We found that due to their lack of driving experience compared to older adults, 17-year-olds pay $4,212 more annually than adult drivers (ages 30, 35 and 45).
17 year olds can still get cheap car insurance. We found that COUNTRY Financial has the lowest average car insurance rates for 17-year-old drivers. Because COUNTRY doesn’t work everywhere, State Farm has the cheapest rates for 17-year-olds among the major insurers.
Start — Salef
The cost difference between the companies offering the cheapest and most expensive car insurance rates for a 17-year-old is $921 per month. This means that without comparing insurance costs before buying, you run the risk of paying thousands of dollars more for insurance each year than you otherwise would.
While car insurance is usually very expensive for 17-year-olds, it’s actually the most expensive for 16-year-olds because they’re really new to traveling. We found that insurance costs for a 17-year-old are 13% less than a driver a year younger.
As drivers age and gain experience behind the wheel, the cost of car insurance decreases. Therefore, car insurance costs for 18-year-olds are on average 16% less than for 17-year-olds. Until then, drivers