How Much Is Car Insurance For A 18-Year-Old in 2022?

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How much is car insurance for an 18-year-old? This is a question that many young adults ask as they approach the legal driving age. As you might expect, the answer depends on several factors, including your state of residence, driving record, and type of car.

Even in the best of circumstances, auto insurance premiums can be mysterious. The most frequent factors influencing your auto insurance rate are age and gender. While not all states allow insurers to use these characteristics in the same manner, the majority do.

An 18-year-old will typically spend $5115 a year on insurance. You can reduce the annual cost by about $667 by adding the teenager to the existing policy. An 18-year-car old’s insurance is relatively expensive, especially compared to other age groups.

However, there are two main reasons why an 18-year-old has to pay a higher premium! Firstly, insurance companies often consider young drivers’ lack of experience when setting premiums. Secondly, teenage drivers are more likely to be involved in collisions.

Therefore, this post will discuss various factors, such as insurance rates by gender. Read carefully to know how much is car insurance for an 18-year-old and how you can save on insurance!

Now, let’s get to the average cost of car insurance for an 18-year-old.

Average Insurance Cost For 18-year-old

Adulthood officially begins at the age of 18. You have the right to vote, establish your credit lines, and purchase a car in many states. If you’re 18, looking for car insurance, or shopping for your first policy, you’ll find it pricey.

Due to their inexperience behind the wheel, companies consider 18-year-old drivers high risk. Teenagers file more insurance claims than older drivers, so car insurance firms increase prices for this age group.

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USAA, Travelers, and Progressive are some of the top vehicle insurance providers for an 18-year-old boy or girl. When calculating the average cost, comparing quotations is more significant in certain states than others.

18-year-olds who buy their insurance can benefit from their parent’s existing policy if added to it. Adding an 18-year-old to the existing policy will raise the rate from 140% to 160%. In any case, the premiums will still be lower than having a separate policy for a teenager.

Gender Influences Insurance Premiums For 18-Year-Old

Car insurers make a variation in gender for insuring teenage drivers. Most likely, an 18-year-old male pays more for insurance than a teenage female of the same age.

This exception is because of the higher accidental rate among 18-year-old male drivers. And more accidents mean more insurance policy claims and risk to insurance firms.

According to surveys, an 18-year-old male pays a 13% higher premium than female drivers per annum. Moreover, it has decreased from 18% to 13% in the past years.

Avg. Annual Car Insurance Rates For Males And Females

18-YEAR-OLD FEMALE (AVG. ANNUAL PREMIUM)18-YEAR-OLD MALE (AVG. ANNUAL PREMIUM)
$5,009$5,661

Average Car Insurance Cost For 18-Year-Old Female

An 18-year-old female driver’s average vehicle insurance is $4,130 annually or $344 monthly. The average insurance cost in Ohio is $2,402 per year, whereas the average cost in Michigan is $6,576 per year.

For example, the Kia Soul costs $3,984 annually, the Toyota Corolla costs $4,100, the Kia Forte costs $4,256, and the Honda Civic costs $4,088 annually for female 18-year-old drivers.

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The average cost of automobile insurance for female drivers aged 18 is in the table below, both annually and monthly. You can see the list below to find some states with insurance rates.

Average Car Insurance Cost For 18-Year-Old Female By State

StatePer AnnumPer Month
Ohio$2,402$200
Virginia$2,664$222
North Carolina$2,620$218
Maine$2,854$238
Hawaii$2,804$234
California$4,728$394
Florida$6,030$503
Michigan$6,576$548
Texas$3,886$324
Minnesota$3,628$302
Illinois$3,330$278
Pennsylvania$3,470$289

Average Car Insurance Cost For 18-Year-Old Male

An 18-year-old male driver’s average auto insurance expense is $4,762 or $397 monthly. The average insurance cost varies from $2,770 annually in Ohio to $7,580 annually in Michigan.

For example, the Ford Mustang costs $4,930 a year in car insurance, the Chevy Camaro costs $6,638, the Subaru WRX costs $5,422, and the Nissan 370Z costs $5,304 a year. These are some of the more well-known models.

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The table below shows the average rates for male drivers aged 18 by annual and monthly costs. You can see the list below to find some states with insurance rates.

Average Car Insurance Cost For 18-Year-Old Male By State

StatePer AnnumPer Month
Ohio$2,770$231
Virginia$3,070$256
North Carolina$3,020$252
Maine$3,290$274
Hawaii$3,230$269
California$5,450$454
Florida$6,954$580
Michigan$7,580$632
Texas$4,480$373
Minnesota$4,182$349
Illinois$3,844$320
Pennsylvania$4,004$334

Cheapest Car Insurance For An 18-Year-Old

Young drivers pay higher premiums for auto insurance because they lack driving experience. Nevertheless, 18-year-olds who shop around can save thousands of dollars every year. For 18-year-old drivers, American National offers the most affordable auto insurance.

However, female drivers’ vehicle insurance from American National is less expensive than male drivers. Female drivers pay $2,022 yearly for the same coverage, while male drivers pay $2,497.

According to the CDC, male drivers aged 16 to 19 are more prone to accidental deaths than female drivers. Additionally, IIHS says that male drivers pose a significant insurance risk.

Company18-Year Female18-Year Male
American National$2,022$2,497
USAA$3,124$3,362
Erie$2,788$3,514
Geico$3,190$3,547
American Family$3,434$3,681
Western National$3,291$3,747
Auto-Owners$3,354$3,935
State Farm$3,303$3,954
Mapfre Ins$3,407$4,035
Travelers$3,549$4,047
Vermont Mutual$3,498$4,378

5 Ways For 18-Year-Old Teen To Save Money On Car Insurance?

Car insurance premiums for 18-year-old drivers are quite high. There are ways to reduce your monthly price. Adding young drivers to a family plan may save you approximately $500 a year, regardless of the plan.

Below, we’re going to talk about how you can save money on car insurance. Therefore, consider these factors before you buy car insurance for your 18-year-old.

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1. Shop Around

Each insurance company has different rates, and it is especially significant when it comes to teenage boys or a girl. Choosing one guarantor over another might save a huge amount for a whole year.

Meanwhile, the cheapest insurance policies for 18-year-old drivers will vary depending on where you live. Gather documents from a few insurers to ensure you’re paying as little as possible.

2. Find Discounts For 18-Year-Old Drivers

To balance the high cost of protection for 18-year-olds, many insurance companies offer a variety of limits tailored specifically for young drivers. Here are a few examples of common derivations to be aware of.

  • Good Grades – You can experience a fall in rates if you’re a full-time high school or undergrad with a specified GPA (often a “B”/3.0 or greater).
  • Driving Tracker – In many cases, you’ll be able to lower your premiums with telematics driving trackers. For example, you can demonstrate that you don’t make sudden starts or stops. Track your habits with an application that plugs into your vehicle’s auxiliary port.
  • Driving Class – 18-year-old drivers are likely to have just completed their driver’s education. New York state offers a 10% reduction on car insurance premiums if you complete a driver’s education course.
  • Students Away From Home – This discount is more common among understudies than among 18-year-old high schoolers. You could qualify for a rate reduction if you don’t have a car and are traveling more than 100 miles for school.
  • Pay-in-Full – Most insurers will discount your vehicle insurance if you pay for it all at once rather than in monthly installments.

3. Drop Comprehensive & Collision Coverage

The easiest option for children to reduce their insurance costs is to reduce their coverage. Whole and damage coverage, which pay for your car’s upkeep, are vehicle protection’s most commonly overlooked aspects.

Insurance will cover you if you get into a collision and no other party is to blame. Extensive inclusion compensates for damage caused by a different type of impact, such as vandalism or robbery.

The two features are optional except if you have a car advance or rent. When your car is older and less valuable, reducing far-reaching and effective inclusion is often a better idea.

This is because the most extreme possible inclusion payment – the cost of replacing your car is typically not the same as the cost of inclusion. However, if you can fix or replace your vehicle without these extras, you should probably skip them.

4. Car Choices Matter When Insuring A 18-Year-Old Driver

The car type or model influences the car insurance rates. For example, A teenager with an off-road truck is likely to have higher insurance prices than a modest, affordable sedan.

It’s a general rule that a car or vehicle with a higher MSRP (e.g., luxury cars or sports cars) will have a higher insurance amount. It is because if you get into a fatal crash by any chance, companies will have to pay a larger amount.

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So if you’re searching for a vehicle for your teenager, you should go for a sedan or a used vehicle to minimize the insurance rate.

5. Add The Teenager To An Existing Car Insurance Policy

When an 18-year-old gets her driver’s license, you are often required to add them to your auto insurance. The law demands it in a few regions, and many insurance companies also need it. It is a wise decision by the auto insurance firm to ensure everyone’s protection.

Once a teenager has their driver’s license, you usually need to add them to a family plan. Suppose the 18-year-old boy or girl hasn’t finished their permit exam. In that case, you can’t register them to an existing policy.

An 18-year-old can reduce his premium expense by up to 45% by getting added to an existing premium insurance plan. It is better to save your precious savings than go for an individual car insurance plan.

Frequently Asked Questions ( FAQs )

What’s The Best Insurance For Teenage Drivers?

Liability coverage is basic auto insurance and covers any harm a teen may inflict in an accident. The minimum liability insurance coverage is typically insufficient because medical costs and property damage can mount up quickly.

Comprehensive and collision coverage is necessary if you’re financing a vehicle. However, you can select these extra precautions if the car is prepaid. You can choose higher deductibles for comprehensive and collision coverage to reduce insurance costs.

What Are The Best Cars For An 18 Year Old?

Insurance is typically less expensive for sedans and small to midsize SUVs. Sports cars and premium cars cost more since repairs would cost more for an insurer to cover. Young drivers tend to push the limits in cars with more powerful engines.

Pick vehicles that have received the highest safety ratings from the IIHS and National Highway Traffic Safety Administration. Get Electronic Stability Control (ESC), which aids in retaining control on bends and slick surfaces.

How Much Is Drivers Insurance For 18-Year-Olds?

For 18-year-olds, full coverage auto insurance has an average monthly cost of $616. The typical cost of full-coverage auto insurance for a driver age 18 is $7,396 a year, or $616 per month.

The difference in annual rates between the cheapest and the most costly insurer is $7,551. Price discrepancies like these demonstrate the need to compare insurance quotes to ensure you get the best rates.

How Much Is Car Insurance For A 18 Year Old Per Month?

For an 18-year-old, the average cost of auto insurance is $5,335 annually or $444 monthly. The insurance cost for 18-year-old drivers is instantly obvious compared to the $1,555 national average rate.

Adding a young driver to existing insurance coverage for a male and a girl will typically cost $4,048 and $3,819, respectively. When 18-year-olds purchase their coverage, a few factors influence the cost of their auto insurance.

How Much Does Insurance Cost For A 18 Year Old In The USA?

According to Quadrant Information Services, drivers in the U.S. pay $1,771 annually, or around $148 per month, for full coverage auto insurance.

Several elements are taken into account when evaluating the price of auto insurance. Each insurance company weighs these things slightly differently because they are all unique.

How Much Is It For Insurance For 18-Year-Olds With General Auto Insurance?

An 18-year-old teen driver typically spends $464 per month for auto insurance, or $5,565 annually, for a full coverage policy. 18-year-old female drivers pay $4,918 on average, $647 less than male drivers of the same age. In contrast, the average annual cost of auto insurance for 18-year-old male drivers is $5,565.

Final Thoughts

You will need car insurance as soon as you get your driving license. And the question arises; how much is car insurance for an 18-year-old? Rates for drivers’ car insurance under 18 might be quite high. You might anticipate paying 17% more overall for insurance if you’re 18.

Since insurance companies base their prices on your driving record, car insurance for 18-year-old drivers is costly. If you have no prior driving experience, they will automatically assume you will make a claim.

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