How Much Does Car Insurance Cost For An 18 Year Old?

The Average Price Of Car Insurance For An 18 Year Old

If you're an eighteen-year-old looking for car insurance, you may be in for a bit of sticker shock. On average, a single eighteen-year-old will pay an average of $3,816 per year for car insurance. That's almost four times the national average! It's also higher than the price of car insurance for any other age group, with the exception of sixteen-year-olds.

Factors That Can Affect Car Insurance Rates For An 18-Year-Old

There are several factors that can affect how much an eighteen-year-old pays for car insurance. The biggest factor is the type of car that is being insured. Cars with higher performance and higher value will usually cost more to insure. In addition, the driving record of the eighteen-year-old will also have an effect on the cost of car insurance. A history of speeding tickets and other traffic violations will usually mean higher premiums.

Location also plays a role in the cost of car insurance for an eighteen-year-old. Living in an area with a high crime rate or a high rate of car accidents can also mean higher premiums. The type of coverage chosen can also have an effect on the cost of car insurance. Comprehensive coverage, which covers damage to the car due to fire, theft, or vandalism, can be more expensive than basic liability coverage.

Ways To Reduce The Cost Of Car Insurance For An 18-Year-Old

One of the best ways to reduce the cost of car insurance for an eighteen-year-old is to take a defensive driving class. Taking a course that teaches defensive driving techniques can help an eighteen-year-old driver to become a safer driver, which can result in lower car insurance premiums. Many insurance companies also offer discounts for being a good student or for having good grades in school.

It can also help to shop around for car insurance. Different insurance companies offer different rates, so it can pay to compare different companies before making a decision. It's also important to make sure that all of the discounts that are available are taken advantage of. Many insurance companies offer discounts for having multiple cars on the same policy, for having a good driving record, or for being a long-time customer.

Conclusion

Car insurance for an eighteen-year-old can be expensive, but there are ways to reduce the cost. Taking a defensive driving class and shopping around for insurance are two of the best ways to reduce the cost of car insurance for an eighteen-year-old. It's also important to make sure to take advantage of any discounts that may be available.