Depending on where you live, taking a road safety course can help you get discounts on car insurance. Ask a local State Farm agent for a list of qualifying courses and requirements. Most major insurance companies offer a variety of discounts for young drivers who are new to the road. For example, good student discounts allow high school students and college students to save if they have at least a “B” grade point average.
Young drivers can also get a discount if they attend school at least 100 miles from where the insured car is located. Adding a young driver to your car insurance policy can increase costs even more than if you had an accident, were fined for speeding, or were arrested for driving while intoxicated. News and World Report named USAA the cheapest auto insurance company in the country for several years, and it's a great choice for younger drivers who qualify. Sfeco Insurance is part of Liberty Mutual Insurance and sells policies exclusively through independent agents.
They are among the cheapest car insurance companies for drivers of all ages, both under 25 and older, according to the WalletHub cheap car insurance report. While drivers under 25 years old may pay higher car insurance premiums than older drivers, rates still vary depending on their specific age. No two car insurance companies are the same, and some insurers offer younger drivers better rates despite their age and lack of experience on the road. The cheapest car insurance for new drivers under 21 years old is that of Travelers, USAA and Progressive, according to WalletHub's quote analysis.
New drivers often pay more for car insurance than older drivers because of their lack of experience, so choosing the right car is a great way to reduce the cost of coverage. WalletHub's analysis of the cheapest auto insurance companies for first-time drivers is based on data from state DMVs and Quadrant Information Services. State Farm offers many auto insurance coverage options and saves students up to 25% on premiums when they get good grades; just submit their most recent report card as proof. Paying for car insurance as a driver under 25 can be expensive, even if you can find lower quotes from an insurance company.
Other cheap cars to insure new drivers are the Dodge Grand Caravan and the Honda Odyssey, thanks to their low repair costs, high safety rates and low accident rates compared to expensive, high-power vehicles. Additional savings are available if you have other State Farm insurance products, such as homeowners, renters, condo or life insurance, in addition to vehicle insurance. However, insuring any new driver is more expensive than covering an experienced driver with a good driving record and insurance. A young driver who takes out their own auto insurance policy is likely to cost more than parents to add it to an existing policy.
