Average Car Insurance Rates By Age And Gender – We found the best car insurance rates for 18-year-old drivers using rates provided by Quadrant Data Services. Our data experts analyze prices for every zip code in all 50 states, including Washington, D.C. The 2017 Toyota Camry LE is driven 10,000 miles per year. These rates are for full coverage with the following coverage limits:
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Average Car Insurance Rates By Age And Gender
The average cost of car insurance for an 18-year-old is $411 per month. It works out to $4,931 a year, which is $3,279 more than the average for seniors (drivers ages 30, 35, and 45).
How Your Car Make And Model Impacts Your Insurance Rates
Although rates are higher for 18 year olds, young drivers can find cheap car insurance by comparing rates from different companies. For example, rates for 18-year-olds at ILE Finance are 49% cheaper than the average for drivers of that age at $209 per month.
Many companies have the lowest car insurance rates for 18 year olds who are not national drivers, including STATE. But we also have affordable coverage with USAA, State Farm and GEICO, which sell car insurance in almost every state.
Rating How we score: » rating determined by our editorial team. Our methodology considers several factors, including price, financial rating, quality of customer service and other product features.
The cheapest car insurance company for 18 year old drivers is IL. On average, 18-year-olds pay $2,419 less than the national average per year – nearly half the national average.
Car Insurance Rates By Age And Gender
IL is also the best insurance company for drivers under 18 because of the discounts. In addition to many legacy policies and discounts, IL offers a number of cost-saving opportunities designed for young drivers, including:
The state also receives fewer complaints, according to the National Association of Insurance Commissioners. J.
The best general car insurance for children under 18 is GEICO, which has the highest rating of the cheapest company.
GEICO has the lowest average car insurance rates for 18-year-olds in 13 states. Behind GEICO, USAA is the cheapest company in 12 states. IL is the cheapest company for 18 year olds in Illinois and Oregon.
Which Gender Pays More For Car Insurance?
Depending on where you live, the cheapest rates for 18 year olds range from $74 to $321 per month.
Hawaii has the cheapest car insurance for 18 year olds because they don’t allow insurance companies to set rates based on age.
Louisiana is the most expensive state for 18-year-old drivers, with an average of $748 per month for an 18-year-old in the Pelican State.
In most states, your rates are determined in part by the gender on your license. Car insurance for 18-year-old male drivers is, on average, more expensive than female drivers of the same profile.
Average Car Insurance Rates By Age
On average, male drivers pay $439 per month – $56 more than their female counterparts.
The difference between the cost of car insurance for 18-year-old male and female drivers in the cheapest company is the lowest among insurance groups associated with the Farm Bureau. Male drivers with the Farm Bureau pay an additional $4 per month for coverage.
Car insurance for 18-year-olds is cheaper than 16-year-olds, but 18-year-olds pay on average 198% more than 30, 35 and 45-year-olds.
Car insurance rates for 18 year olds are much higher than for older drivers because it is easier to drive recklessly, get tickets, cause accidents, and make claims from inexperienced drivers.
Compare Colorado Springs, Co Car Insurance Rates 
From 2011 to 2020, 18-year-old drivers were responsible for 9,500 fatal crashes, according to the Department of Transportation. This is why young drivers pay more than older drivers. 
But if 18-year-olds maintain a clean driving record, rates will drop with age, peaking around 25 when they leave the most dangerous age group.
Insurance costs for 18-year-olds are higher than average, but cheaper even for young drivers. Insurance costs $1,848 less for 18 year olds than for 16 year olds. Between the ages of 16 and 18, car insurance costs drop by 37%.
But it’s more expensive to insure an 18-year-old than a driver with little experience behind the wheel. Our analysis shows that the average cost for a 21-year-old is £2,223 per year cheaper than an 18-year-old – a difference of 45%.
Average Cost Of Car Insurance In Sg
It is legal for 18-year-olds to get their own auto insurance policy. Unlike young drivers who are legal minors, 18 year olds can purchase insurance without the permission of a parent or guardian.
If you have an 18-year-old driver in your family, it’s best to add them to your existing policy instead of bringing your own. Most companies require you to list all licensed drivers as part of their policy. Adding young drivers to your policy will raise your rates, but they will likely be cheaper than the policy itself.
But an 18-year-old who doesn’t live at home and doesn’t own a car needs his own policy. One exception is if they are away from school – many companies offer discounts to students who don’t have a car.
Adding 18 years of age to expensive car insurance. But it’s cheaper to add a teen police to your insurance than on your own.
Cheapest Cars To Insure In 2022: Subaru, Jeep And More
Car insurance for 18-year-olds is expensive, but it’s possible to find affordable coverage. You can avoid overpaying for teen insurance by:
If you’re having trouble finding cheap car insurance for an 18-year-old car, the surest way to get the lowest price is to shop around and compare quotes from more than one insurance company in your area.
According to our analysis, insuring an 18-year-old child costs an average of $411 per month, or $4,931 per year. An eighteen-year-old male driver pays $439 per month, while the average cost of car insurance for a female driver of the same age is $383 per month.
IL-Finance is the best car insurance for 18 year olds. ONLINE coverage costs an average of $209 per month for an 18-year-old — the cheapest of any company we can think of. The country also has discounts that help young drivers lower their prices.
How Much Does Car Insurance Cost? (2023 Rates)
Although car insurance for 18 year olds is usually less than for 16 year olds, it will cost more for first-time drivers regardless of their age. That’s because insurance companies set rates based on your driving history. Without a good driving record, rates will be higher until you gain more experience.
Yes, you can get car insurance at 18. It’s cheaper to get an existing policy if you can, but 18-year-olds can buy their own car insurance without their parents’ permission because they’re minors.
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Andrew Hurst is a senior editor and licensed motor insurance specialist. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Journal, ValuePenguin, and Casualty 360.
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Maria Philindras is a financial advisor, a licensed Life and Health Insurance Agent in California, and a member of the Financial Review Board. Our mission is to help you make insurance decisions with confidence. Some offers included on this page contain advertising links. However, this does not affect our editorial decisions or recommendations. Our rating and list of reviews, tools and other content are based on objective analysis and we have our opinions.
Your insurance rates are based in part on how old you are. Find out why age matters and at what age you can expect to pay the most for car insurance.
Laura is an award-winning editor with content and communications experience covering auto insurance and personal finance. He has written for various media outlets, including the USA Today Network. He most recently worked in the public sector at the Nevada Department of Transportation.
John is the editorial director of Insurance.com and Insure.com. Before joining QuinStreet, John was deputy editor of The Wall Street Journal and served as an editor and reporter for other media outlets covering insurance, personal finance and technology.
Cost Of Car Insurance For 23 Year Olds
Car insurance rates are based on several factors, with age being the most critical. According to the CDC, teenage drivers between the ages of 16 and 19 are three times more likely to be involved in a fatal accident than drivers 20 or older.
The average cost of car insurance for people under 25 is relatively high. Teenagers and young drivers who are inexperienced behind the wheel and are more likely to get into an accident, making it a high risk for car insurance. High risk equals high risk