Insurance companies sometimes offer discounts to drivers who complete an approved defensive driving course. Drivers can also reduce the number of points they have on their licenses by taking a defensive driving or accident prevention course. While price will be an important factor when choosing an insurance company, you'll also want to consider the insurer's coverage options, available discounts, ease of doing business, and overall reputation. A huge SUV may seem like a fun trip, but insuring a 5,000-pound top-of-the-line vehicle can be more expensive than insuring a small but safe and lower-cost car.
By combining your homeowners insurance with your car insurance policy, most providers offer you a significant discount. The cheapest car insurance for new drivers under 21 years old is that of Travelers, USAA and Progressive, according to WalletHub's quote analysis. There is no age limit on how long you can be covered by your parents' car insurance policy, unlike health insurance. However, the possible change in your car insurance rate is something you'll want to consider in your budget if you're planning to move.
Insurance companies set different prices to insure a newly licensed teen and someone who gets their driver's license later in life. The key to finding the cheapest car insurance for first-time drivers is to compare quotes from several companies. Regardless of the insurance company you choose, time is the best tool for new drivers over 25 who want to save money on their car insurance. For first-time drivers taking out car insurance for the first time, it's important to consider not only the company's price, but also the coverage options, available discounts, and overall reputation.
Some companies may also offer a discount on car insurance if you keep other policies with them, such as homeowners insurance. New drivers can save up to 319% if they choose the cheapest car insurance companies over the most expensive ones, so it's very important to compare prices. Car insurance costs are different for every driver, depending on the state you live in, the insurance companies you choose, and the type of coverage they offer. The best car insurance for new drivers under 25 years old is from companies such as Allstate, Geico, Progressive and Sfeco.
Adding a teen driver to an existing car insurance policy increases the policyholder's premiums by 140% to 160% on average.