Did you know that younger drivers are more likely to have an accident on the road? Because of this, most car insurance companies will charge individuals under 25 a higher rate on their insurance deal.
With coverage costing those in your age bracket more money than most, you may be wondering if there are ways to lower the amount. For some, picking a cheap deal can be the ideal solution, and fortunately there are a number of companies in America that offer attractive rates and deals to younger drivers.
The top 5 cheapest car insurance deals for young drivers
While there are many different options across the country, a few stand out from the rest because of their lower rates. In no particular order, here are 5 of the cheapest car insurance companies that could help you to pay less.
Geico is one of the biggest insurance companies in the U.S – and it’s also one of the cheapest, too. What makes this even better is that Geico is available in most states, and in some there are even discounts exclusive to younger drivers who pass a training class and have good school grades.
While being one of the least expensive, Progressive is also one of the top car insurance companies in the whole of the United States – which shouldn’t be overlooked. In addition, those who stay with Progressive long enough (and don’t get into any accidents) will also earn discounts on their insurance too, potentially offering even more savings.
Based in Erie (Pennsylvania), this company is one of the cheapest in the nation, with an average rate of $1,052 yearly. Unfortunately, since Erie is only available in 9 states, you may not be in an area where you can qualify for their insurance policy. However, if you are eligible, you may find that the rates of your coverage can be far cheaper than those of a larger company.
Many young drivers choose American Family, mainly because their rates tend to be around 10% to 30% cheaper than other auto insurance companies in certain states. As they’re available in around 1000 cities across the U.S, they may be more accessible than companies such as Erie, so you may be lucky enough to be eligible to sign up.
As a car insurance company that’s available in over 25 states, you may think that Auto Owners would be more well-known that it actually is; especially when you see that their average rates could save you money. Annually, the cost of this company’s coverage comes to about $1,200, with additional bonuses on top, such as students being able to earn discounts.
While there may be numerous options out there for young drivers, this is just a small selection of the insurance deals that can be perfect for those under 25. Whether that’s because of their naturally low costs, discounts to younger drivers, or availability; the companies mentioned above can often be a great choice for a number of reasons.