Did you know that teenagers are more prone to speeding while on the road? Maybe the carelessness and inexperience is the reason why teens pay some of the highest auto coverages imaginable. However, picking the best car insurance for young drivers will give you some great saving options and provide you with excellent customer care and claim satisfaction rates, no matter if you are the rookie driver or a parent of one.
To help you pick the most suitable option, we broke down some of the essential attributes every insurer should have, from availability and digital experience to discount rates. These are some of the top-rated companies on the market, and it is up to you which one you’ll pick.
When you are learning how to handle yourself behind the wheel, you will most certainly learn how to beat driving anxiety and how to overcome stress. The next step is more about documents and less about steering the wheel. By learning car insurance terms, you will be able to understand your future policy more clearly:
Long before you embark on a stress-free road trip, like in some of the best car movies, or before starting to look for new coverage providers, go over the glossary. When you know what it all means, it will be easy to figure out if you are truly protected.
Are you thinking about how much insurance coverage costs? Firstly, companies look into your driving profile before forming the rates, and age and gender play a major in that process. Data from the website CarInsurance shows that, on average, a 16-year-old will have to pay approximately $2,660 for an annual premium. Those teens that are 19 pay around $1,350, while 24 year olds spend about $730 a year. If you are looking for a new premium, use online calculators, and compare average prices in many companies.
To the insurer, you are a collection of age, gender, credit score, homeownership, marriage status, and the car you are driving. All of these will determine what type of client you are. Simply put, if the insurer, based on your information, decides you are a risky client, you will have to pay more.
Did you know that the coverages are regulated by the state and priced based on ZIP codes? This means that if the location you are in requires that your basic minimum is high, you will face higher costs. Additionally, if there are a high number of accidents in your area, your rates might be higher than average because it is seen as potentially dangerous.
When you are insured, the company assumes a part of the financial responsibility for your four-wheeler. That’s why if you inherited a family car like Kia Sedona, you would pay less than if your first vehicle came off the list of top-rated SUVs. This is due to the fact that luxury autos require more expensive parts.
It is a competitive market, and companies offer discounts in order to attract those who acquired their licenses not so long ago. Take advantage of that fact, and find the firm that will give you discounts that will fit your driving habits.
Most companies have similar discount strategies, but just to be sure, when you settle on the insurer, check what exactly they are offering. The most common types of discounts are:
Erie is a company that’s been around in the insurance business since 1925. It is known for its excellent client service and speedy claim settlements. With more than 13,000 agents, Erie is dedicated to helping you, and not only that, youth under the age of 21 still living with parents may be eligible for an additional 20% price reduction.
Unfortunately, Erie is not a countrywide carrier; it covers specific regions. It is primarily based in the Midwest and Northeast. If you are in Ohio, Kentucky, Illinois, West Virginia, and Virginia, or Pennsylvania and Tennessee, you are in luck. However, just to be sure, visit the Erie website and enter your zip code.
If you are a part of a military family, USAA is an excellent choice when it comes to insurers. They give low premiums and have exceptional customer service. It is available all across the US, but it is limited to military personnel and their families. If you are under 25 or under 21 with a completed training course, you will get more competitive prices. Furthermore, B average high school and college students can get lower fees.
USAA provides its customers with excellent digital experience. The website allows visitors to get a free quote, manage money, and research all the options. You can also file claims online via emails or messages. Additionally, with the smartphone app, you will be able to pay bills online.
Progressive has been insuring Americans since 1937, and the firm has grown into a household name. It works in all 50 states, and besides basic coverages, it offers roadside assistance and deductible savings bank. Moreover, Progressive is famous for many reductions for younger people:
When you check out the Progressive website, you will see there are some great ways to compare costs and find the perfect premium that won’t leave you broke. The website is easy to navigate, and you will get all the information you need in just a few moments. As a younger person, you should take advantage of many reduction options and save up to 30%. Overall, for a teen looking for an affordable way to insure the vehicle, not much can go wrong with Progressive.
According to Texas A&M Transportation Institute, teens don’t consider driving at 5 to 10 mph above the speed limit a dangerous behavior. That being said, accidents are bound to happen. With the right insurer, you don’t have to worry about paying for car repairs. Nationwide to the rescue. Nationwide offers some of the best accident forgiveness programs in the country. Not only that, there is a generous forgiveness option, but if you are a safe traffic participant, you will get a sizable deduction of your bill.
Hiring Nationwide can be good for your budget because it has highly competitive rates, especially when it comes to youngsters. Go online and thoroughly check Nationwide offers such as:
Are you a parent of a first-time driver? If so, consider buying a policy at Geico, because it can be the most affordable option. The company offers satisfactory rates, and is praised for its positive customer service. Geico online tools let clients buy and manage policies on their own, without actually talking to an agent. Tools are user friendly and easy to use. The app will allow you to pay bills and file claims and chat with virtual assistant Kate.
Depending on the state you are living in, there will be laws and limits regarding coverages policies must carry, but besides that, you can still customize your premium at Geico. Choose how much your deductible should be, how much bodily injury coverage you will have, and tailor a policy to fit your needs and budget.
Statistics show that Millenials, on average, pay almost 44% more for Plymouth Rock policies than baby boomers. What makes Millennials choose this company? Plymouth Rock gives to its clients’ tons of perks, like a door to door valet claim services and quick claim settlements. There is almost 95% of claim satisfaction according to the surveys.
Plymouth Rock offers its clients plenty of customized coverages and saving options. Agents can help you determine which of many discount ratings you can use:
Statistics from the AAA Foundation for Traffic Safety show that around 71% of Americans between the age of 16 and 19 drive at least occasionally. That’s why if you are working from home, and prefer walking instead of being behind the wheel, you should hire Metromile. The firm has low-cost pay per mile charges. With Metromile, you will be expected to pay a base plus a few cents for each mile you travel.
Not only that, Metromile clients save around $740 per year, but they get to customize their coverages before getting a quote. Additionally, the app you can download on your phone can tell you where you parked your four-wheeler, and it is used when cars get stolen. Furthermore, it can also run diagnostics and get in touch with a mechanic if you need one.
Getting the first license is the start of a beautiful friendship between a vehicle and its proud owner. But before you hit the road, you will need a four-wheeler, and the perfect one might be in another state. No matter if you have bought a car online, or got one from a dealer in another state, consider hiring a professional shipping company to transport it to your home. When a vehicle is transported to the desired location via open careers or enclosed trailers, all you have to do is get an insurance policy and enjoy the safe ride.