Car Insurance For Teenagers: Best 10 Cheap Car Insurance September 2022

This article is about how to find the cheapest car insurance for teenagers. As you probably know, car insurance for teenagers isn’t the cheapest, but you won’t go into the market unprepared.

I’ve rounded up 10 of the cheapest car insurance for teenagers in this article. All you need to do is research each service and government support and choose the one that suits you best. Therefore, let’s get started right now.

How much does car insurance for teenagers cost?

Car insurance is usually expensive. Teenagers are no different. Young drivers pay more for car insurance than their older and more experienced counterparts. According to the Insurance Institute for Highway Safety (IIHS), teenagers aged 16 to 19 are almost twice as likely to be involved in a fatal accident.

On average, teenagers pay about $169 a month for car insurance. The price is high because teenagers are more likely to be distracted while driving.

Car insurance Types for teenagers

Car insurance for teenagers requires several types of insurance.

This is the minimum amount of third-party liability insurance required depending on the country.

Liability insurance is financial protection for drivers who are at fault in an accident.

Liability insurance comes in two primary types:

  • Personal injury liability.
  • Civil liability insurance for property damage.

It offers less common benefits such as new car replacement, collision insurance, and accident compensation. Liability insurance covers medical and other expenses if the insured or another driver named in the policy injures another person and is held responsible for an accident.

In contrast, liability insurance covers repairs to a vehicle or other property destroyed in an accident. Depending on your state, you may also need to purchase comprehensive, collision, uninsured or underinsured motorist, and liability insurance.

The 10 best cheap car insurance policies for teens in 2022

Let’s get to the heart of the article – the 10 best cheap car insurance policies for teens in 2022.

I have compiled the best list I could find from various sources, and I hope you find it useful:

1. Nationwide Insurance

Nationwide Insurance offers some of the lowest average teen driver’s insurance prices. It offers the best basic technical features, such as mileage reimbursement and consumption-based insurance.

It has excellent family rates for teens and a 5.0 rating from Forbes advisor.

2. USAA Insurance

USAA is the best in customer service. It has an exceptionally high level of customer satisfaction and great rates on car insurance for parents.

It has a very good family rate for teens and a rating of 4.5 on Forbes advisor.

3. American Family Insurance

American Family Insurance offers excellent customer service and irresistible insurance rates.

This family insurance company has a low payout ratio and offers a safe driving program for teens, including a mobile app to detect risky teen driving.

4. Geico Insurance

Geico Insurance offers parents one of the best and most affordable options for including a teen in their policy.

The company offers excellent customer service, a competitive average cost for teen drivers, and the Geico mobile app with amazing augmented reality features.

5. Allstate Insurance

Allstate Insurance offers an excellent technical base, as well as excellent customer service. They also offer pay-as-you-drive and mileage-based insurance options.

Allstate Insurance also offers discounts if a teen takes the SMART for Teens program, an automated driving improvement program that includes videos, simulators, and exercises.

6. Erie Insurance

Erie Insurance offers very convenient auto insurance for teens.

They offer very convenient insurance policies for families. And if you are a member of Erie Insurance, you get a discount if your teen follows the SMART for Teens program. This computerized driving improvement program includes videos, simulators, and exercises.

7. Farmers Insurance

Farmers Insurance is known for its elegant pricing and basic technical knowledge. According to public perception, they don’t get very good customer reviews.

But now, Farmers Insurance offers powerful technological conveniences such as digital ID cards and virtual claims.

Farmers Insurance is ranked 3.5 by Forbes Advisors, which explains its presence on our list.

8. Progressive Insurance

Insurance company Progressive is known for its high customer satisfaction and technological convenience. More than 80% of its customers are satisfied with their claims.

It has an average price for teens and a 3.5 rating in Forbes magazine.

9. State Farm Insurance

State Farm Insurance Agency is known for its above-average prices for families, excellent customer service, and outstanding technology base. This insurance company offers technological conveniences such as digital ID cards and virtual claims.

They also offer a “Steer Clear” program to help teens learn to drive better through a mobile app, which also gives you a discount if you follow the program.

10. Liberty Mutual

Liberty Mutual offers the best supplemental insurance. It offers less common benefits such as new car replacement, collision insurance, and accident compensation.

Bottom Line

With the above article, you can get an insight into the world of car insurance for teenagers and get advice on which insurance company you should choose and which best suits your needs.

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