Young drivers are considered high-risk to insurance companies and the expensive car insurance rates for an 18-year-old reflect that level of risk. Although these prices sound outrageous know that these rates are for 18-year-old drivers on their own insurance policies.
How much is car insurance for an 18-year-old.
How much does car insurance cost for an 18-year-old. Lets start off with the bad newsthe. Thats more than 3430 over the national average 1758 for drivers age 30. Unfortunately for teenage males they have among the highest car insurance rates.
You might pay more or less than 427 per month for auto insurance as an 18-year-old male driver depending on where you buy coverage and many other rate factors though. Because most 18 year olds dont have this kind of money. The typical 18-year-old drivers insurance rate for car insurance is 356 per month equating to 2136 per six-month policy.
2178 for 19 year-olds. However young drivers are a higher risk for insurance companies and many insurers wont even issue them individual policies. Multiple ages are shown in the list below illustrating how the rates differ with increased age.
Because of all these determinants pinpointing an exact price is difficult but the average cost of car insurance nationally for an 18-year-old is about 160 per month. Insurance companies view them as a greater. 3522 for 17-year olds.
The average price for car insurance for an 18 year old is 5335 which is drastically more than the national average of only 1555. Cheap car insurance can be difficult to find as an 18-year-old young driver. Of course this number can.
They are inexperienced naturally and have a high rate of accidents. The average individual policy for college students and teens in the US. A parent adding a male teen to a policy can expect auto insurance rate to balloon to more than 3000 for full coverage.
1021 rows Car Insurance for an 18 Year Old. To save money try to get on your parents insurance policy and ask your car insurance provider about good student discounts. Car insurance for an 18-year-old is expensive.
3148 for 18-year olds. Its even higher if the teen has his own policy. Newly licensed drivers are expensive to insure.
That breaks down to 427 per month. 55 rows How much is car insurance for an 18-year-old. 3989 for 16-year olds.
Car insurance for a 18-year-old driver is nearly 5190 on average for a year of full coverage on their own policy. The Average Car Insurance Costs for an 18-Year-Old Boy. 52 rows Car insurance for 18-year-olds.
For 18-year-olds women pay 6797 per year on average while men pay 7561. Yearly prices often start around 4000 while some analysts put the average cost of car insurance for 18-year-old drivers in New York as high as 7000. That policy would likely cost more than 6000 — and may eclipse 10000 depending on the state.
Costs 591970 per year based on an 18-year-old male with a. The average cost of an individual policy for an 18-year-old is over 5000 per year or 420 per monthabout three times the amount paid by older more experienced drivers. The particular risk will be reflected in the average insurance rates charged for teenagers.
The average cost of car insurance for 18-year-old females is generally cheaper than that for 18-year-old males. It can cost an 18-year-old 426 per month for car insurance. The auto insurance industry assigns a level of risk to drivers based on a number of factors such as age gender location and background.
Car insurance for 18-year-old males costs an average of 5124 per year according to our data. Teen Car Insurance Rates by State. Car Insurance for a 19 Year Old.
How much does it cost an 18-year-old for car insurance. The average price of a year of. For an 18-year-old female the average yearly savings are even greater2390.