How Much Is Car Insurance For a 18 Year Old Driver?

The answer to the question of how much is car insurance for a eighteen year old driver varies depending on several factors. The state the driver resides in and the gender of the driver are all important factors in determining the insurance cost. As a general rule, male drivers are more expensive to insure than females due to their increased risk of getting into an accident. Insurers also factor in statistics when determining the rate. Most companies look back five years to determine how much to charge a young driver for coverage. Therefore, an 18 year old driver only has two years of driving experience. insurance auto quotes

While gender is not the only factor in determining the cost of car insurance, it is a significant one. Female drivers pay slightly lower premiums than male drivers because they tend to be safer drivers and are less likely to get into serious accidents and be charged with DUIs. Luckily, these factors are not as large in determining the cost of car insurance for a young driver as they are in some other categories.

If your 18-year-old driver is living at home, it is possible to add him or her to your existing policy. Most insurance companies require that you list all drivers, including teenagers. Although adding a young driver to an existing policy will raise your rates, it is still much cheaper than getting a separate policy for your child. When your child starts to drive on their own, you’ll need to get him or her his or her own policy.

When choosing a vehicle for your 18-year-old, make sure to look for a safe sedan. A Toyota Camry costs $2,867 per year, while a Mustang GT can cost $4,171 a year. The Camry will save you nearly $1304 annually! So, if you’re unsure how much car insurance for a eighteen-year-old will cost, compare the price of the policy with those of other drivers.

If you are not covered by your parents, you’ll need to follow the same steps as your parents did to obtain car insurance at eighteen. Decide how much auto insurance you’ll need, gather the necessary driving history, and contact multiple insurers to compare rates and quotes. You can even opt for a more personalized approach by calling an insurance agency. The online quotes, however, don’t take into account the insurance agent’s experience.

When choosing auto insurance for an eighteen-year-old, make sure you get the most comprehensive coverage possible. While state-required car insurance requirements may be enough to protect you, they don’t cover the costs of collisions or property damage. While bare-bones policies may seem like the most economical option, these policies can leave you on the hook for minor injuries. If you’re driving an older vehicle with high maintenance costs, you may be better off purchasing a policy with only the basic liability coverage.

Another factor that can help determine the insurance cost for your eighteen-year-old is where the driver lives. Having a car in a lower risk zone will help to reduce your premiums. Make sure your teen has a clean driving history and does not drive a high-end car. Insurers also prefer drivers with a clean driving record. The less claims a driver makes, the lower the insurance cost will be.