Alison Tobin is a car insurance editor for U.S. News & World Report. She joined the organization in 2024 but has been covering insurance content for seven years. She is dedicated to helping readers make more informed insurance decisions. ...
Bankrate’s take:Auto insurers tend to view teen drivers as riskier to insure than their older counterparts. This means insurance companies expect young drivers to make claims more frequently for accidents or other damage, so they may cover teens but only at higher premiums to make up for the...
The increased likelihood of young drivers filing claims can hike rates for all drivers under 20. Average premiums in the table above were determined based on a 16-year-old driver being added to their 40-year-old married parents’ policy. Cheapest Mississippi car insurance for teens with a ...
Your vehicle: Some models are more expensive to insure. Even the color of your car can impact the price you pay for insurance. How to lower car insurance rates There are several ways to cut down on car insurance: Shop around: Insurance companies calculate rates differently. If you think you...
Men are viewed as riskier to insure, and their premiums tend to be higher than women's. Nonbinary drivers are offered female rates. Married drivers are perceived as being at lower risk to insure, which might benefit their premium. What to do next: There really isn’t much you can do ...
Check out NerdWallet’s analysis of the cheapest cars to insure to see if your vehicle made the list. » MORE: 8 ways to get the cheapest car insurance rates possible More Nerdy Perspectives Switching from full coverage to minimum coverage isn’t the only way to lower your premium. Last ...
High Low-Mileage Discount: Substantial savings for drivers with low annual mileage. Wide Coverage: Offers a variety of coverage options tailored to different needs, including teens learning to drive. Cons Limited Multi-Policy Discount: The multi-policy discount is not as competitive as some others....
Reconsider the car you drive.The type of car you drive affects how much you pay for auto insurance. For example, new and expensive cars tend to cost more to insure than older or less expensive cars, among other factors. Check out NerdWallet’s analysis of thecheapest cars to insureto see...
Cheapest car insurance for teens with an at-fault accident: Travelers Cheapest car insurance for young drivers with a DUI: Travelers Cheapest Alabama car insurance for insuring a teen driver: Travelers Teenagers who have just earned their licenses are some of the most expensive drivers to insure,...
Adding a teen driver to your car insurance is one of the most potentially impactful premium events. Being relatively inexperienced on the road means that teens aremore likely to get into accidents, which causes insurers to increase rates to compensate for the risk. However, it may be possible ...