Cheap Car Insurance For 21 Year Old Drivers

If you re 21 and looking for cheaper car insurance it s worth trying the following.

Cheap car insurance for 21 year old drivers. The average cost of car insurance for 22 year olds is 4 128 per year or approximately 350 per month. Insurance for young drivers is typically high because they re less experienced on the road and are statistically more likely to be involved in an accident than older drivers. That s more than 3 430 over the national average 1 758 for drivers age 30. For 21 year old drivers looking for the cheapest option we recommend usaa erie and geico where eligible.

Using a methodology outlined here we discovered that usaa is the cheapest car insurance company for 21 year old drivers. Young drivers under 25 especially teens generally pay more for auto insurance relative to older drivers. Drivers aged 17 19 make up just 1 5 of uk licence holders but they re involved in 9 of serious and fatal. The average cost of auto insurance for a 21 year old is 4 453 as insurers often charge young drivers higher rates.

Just take these stats cited road safety charity brake. Car insurance for a 18 year old driver is nearly 5 190 on average for a year of full coverage on their own policy. The cost of car insurance for young drivers is notoriously high with 17 to 24 year old s often paying well over a thousand pounds a year for the privilege of being on the road. How can i lower the cost of car insurance for 21 year olds.

22 year olds typically pay about 300 less than 21 year olds 4 453 and about 300 more than 23 year olds 3 840. Adding a named driver. Whether you re paying for it or they re working hard to foot the bill it s a new expense for your family. This means you ll be less likely to claim so your premiums will go down.

If you re not in the military or related to someone who is state farm offers the second cheapest premium at 1 319. As you ll see in the average car insurance rates by age table below in general rates are cheapest for drivers in their 40s 50s and 60s and then increase again a bit at age 70. Adding another driver to your policy such as a parent or guardian can put insurers at ease that you won t driving the car all the time. Fortunately you can find cheap car insurance for young drivers without breaking the bank.

As the parent or guardian of a young driver you know it s essential to have good car insurance to protect them. Newly licensed drivers are expensive to insure.