What is the best car insurance for teens? It is quite difficult to find the best affordable car insurance for teens. This is because teens are inexperienced drivers and are considered high-risk drivers. Also because of these and other factors, teens tend to face higher insurance premiums and rates. Due to this, finding the best car insurance for teens is advisable.
Insuring teens under a parent’s or guardian’s insurance policy is much cheaper than purchasing personal insurance for teens. While there is no specific car insurance for teens, it is important to find the best one that fits into your budget. Irrespective of how old the teenager is, they are still required to have the minimum liability insurance coverage required by the state.
Before opting for car insurance coverage for teens, it is important to be knowledgeable about the type of car insurance to purchase as well as how to find the best car insurance for teens.
Best Car Insurance for Teens
Insurance companies like Progressive, Travelers, Nationwide, and others offer flexible, affordable insurance rates and benefits to make insurance premiums more affordable for teens. By comparing different car insurance companies and searching for cheaper insurance coverage, you can easily get the best car insurance for teens. The following are some of the best car insurance for teens:
Nationwide
One of the best auto insurance companies for teens is Nationwide. This insurer offers the lowest average insurance rates to parents adding their teenage drivers to their car insurance policy.
Aside from parents, Nationwide offers lesser-than-average auto insurance rates for teens and young adults needing a personal policy. If ever you need an affordable car insurance rate for teen drivers, nationwide is a good insurance company to consider.
Erie
Another car insurance company that offers lower insurance rates for teens on personal life insurance is Erie. This car insurer also offers lower insurance rates for parents adding their teen drivers to their policy. Aside from all these, Erie offers benefits to drivers with DUI, speeding tickets, or accidents.
USAA
USAA also offers lower rates to parents who are adding their teen drivers to their car insurance policy. Just like some other auto insurance for teens, this insurer offers lower rates for different drivers, including drivers with speeding tickets and accidents on their driving record, as well as teen drivers purchasing a personal auto insurance policy. Regardless of whether you have a good or bad credit history, USAA still offers competitive rates that fit into your budget.
Travelers
Travelers offer lesser than average car insurance rates for different drivers, including teen drivers on their parent’s car insurance policy and even young adults between the ages of 18 and 25 purchasing personal insurance coverage. If ever you need an affordable car insurance policy, this insurer is best to consider.
Westfield
Westfield may not offer competitive rates like other insurers, but it offers the best car insurance policies and premiums for teen drivers. It has a low level of complaints concerning its insurance coverage and ability to pay claims.
Frequently Asked Questions
What Other Factors Do Car Insurance Companies Use to Calculate Premiums?
Aside from your age and gender, car insurance companies use other factors like your location, driving history, previous claims filed, type of insurance policy coverage and limits chosen, and your car’s make and model. In some states, your credit history is also an important factor insurance companies will determine when evaluating insurance costs for both adults and teens.
How Do I Find The Best Car Insurance For Teens?
As previously stated, to find the best auto insurance for teens, you need to compare different car insurance company rates and premium costs.
Whether you are getting a personal policy or you are getting one for you and your family, you need to first put together different factors, including factors that may affect your insurance price.
Fix up fixable factors like credit history, having a car that is cheaper to insure, or any other fixable factors. Ensure to keep a good driving record as well as being a good driver.
Is It Cheaper To Insure Teens On Their Parents’ Car Insurance Policy?
Most times, it is cheaper for parents to insure teens on their auto insurance policy. This is because teens are inexperienced drivers and are considered high-risk by insurance companies; for this reason, they are prone to higher insurance rates.
However, it is nearly mandatory for teens below the age of 18 to remain under their parent’s auto insurance policy until they become adults. In cases where teens need to have personal auto insurance, they are required to seek the consent of their parent or guardian.