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When it comes to car insurance for 18-year-old drivers, the cost can vary depending on the coverage levels chosen. On average, car insurance for 18-year-old drivers can cost around $1,615 per year or $135 per month for state minimum liability only coverage. Opting for 50/100/50 liability coverage can increase the average cost to $1,958 per year or $163 per month. For more comprehensive coverage with 100/300/100 liability and a $500 deductible for comprehensive and collision, the average cost jumps to $5,149 per year or $429 per month.

Coverage level Average annual premium Average monthly premium
State Minimum Liability Only $1,615 $135
50/100/50 Liability Only $1,958 $163
100/300/100 Liability with $500 Comp/Coll Deductible $5,149 $429

Average car Insurance rates for 18-year-old male and female: Decoding gender impact

Gender can also play a role in determining car insurance rates for 18-year-old drivers. On average, 18-year-old females can expect to pay around $4,531 per year for car insurance, while their male counterparts may face slightly higher rates at $5,149 per year.

Gender Average annual premium Average monthly premium
Female $4,531 $378
Male $5,149 $429

How average car insurance rates for 18-year-old vary by State

Car insurance rates for 18-year-old drivers can vary significantly depending on the state they reside in. For example, in Alaska, the average cost for car insurance for a 18-year-old is $4,192 per year, while in Alabama it is $5,142 . In other states like Florida and Louisiana, the average cost can skyrocket to $8,905 and $8,700 per year, respectively. On the other end of the spectrum, Hawaii offers the lowest average cost at $1,414 per year.

State Average annual premium Average monthly premium
Virginia $4,052 $338

Low-cost car insurance for 18-year-old: Drive without breaking the bank

Finding affordable car insurance for 18-year-old drivers is possible. Some companies offer lower average annual costs, such as Island Insurance at $1,668 , North Carolina Farm Bureau at $2,479 , and American National Finance at $2,497 .

Comparing rates from multiple insurers is one of the easiest ways to find which insurer offers the lowest cost for 18-year-old driver and provides all the required coverage.

Company Group Average annual premium Average monthly premium
Island Insurance $1,668 $139
North Carolina Farm Bureau $2,479 $207
American National Finance $2,497 $208
Southern Farm Bureau $3,002 $250
USAA $3,362 $280
Geico $3,547 $296
Erie Insurance $3,514 $293
New Jersey Manufacturers $3,429 $286
American Family $3,681 $307
Western National Mutual $3,747 $312
Auto-Owners $3,935 $328
State Farm $3,954 $330
Nationwide $4,429 $369
Travelers $4,047 $337
Iowa Farm Bureau $3,835 $320
Mapfre Insurance $4,035 $336
Vermont Mutual $4,378 $365
Country Financial $4,384 $365
Safety Insurance $6,107 $509
National General Insurance $5,437 $453
Shelter Insurance $5,321 $443
The Hartford $5,858 $488
Frankenmuth Insurance $5,859 $488
Arbella Insurance $6,862 $572
Palisades $7,720 $643
Allstate $6,371 $531
Progressive $7,215 $601
CSAA Insurance (AAA) $7,084 $590
Farmers $7,346 $612
Kentucky Farm Bureau $6,270 $522
Amica Mutual $6,083 $507
Kemper Insurance $6,997 $583
Automobile Club MI (AAA) $6,531 $544
Chubb Ltd $7,433 $619
Safeway Insurance $7,969 $664
Westfield Insurance $7,418 $618
Oklahoma Farm Bureau $7,493 $624
Auto Club Enterprises (AAA) $6,811 $568
Mercury Insurance $9,768 $814
Sentry Insurance $14,769 $1,231
The Hanover $17,325 $1,444

The impact of adding a 18-year-old driver to a family’s existing auto insurance policy

Adding a 18-year-old driver to a family’s existing auto insurance policy can lead to significant savings compared to getting their own policy. On average, a 18-year-old driver can expect to pay $5,149 per year for their own policy. However, by adding them to their parent’s policy, the cost can decrease to $1,755 per year, resulting in savings of $3,394 . This option can be a more cost-effective solution for families looking to insure their young drivers.

Cost with own policy Cost with parent’s policy Savings
$5,149 $1,755 $3,394

Conclusion

Car insurance costs for 18-year-old drivers can vary based on coverage levels, gender, state of residence, and choice of the insurance company. Opting for higher coverage increases the average cost, while gender differences can also impact insurance rates. The average cost varies significantly by state, with some states having substantially higher premiums than others. However, affordable options exist, and it is possible to find lower-cost insurance for 18-year-old drivers by comparing rates from different insurers.

Additionally, adding a 18-year-old driver to a family’s existing policy can lead to significant savings compared to getting a separate policy. Families looking to insure their young drivers can consider this cost-effective option.

Methodology

CompuQuote commissioned 2022 data for Average car insurance rates for 18-year-old drivers from Quadrant Information Services for all 50 states and Washington, D.C. Rates are based on the following profile:

  • 18-year-old driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

CompuQuotes analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Information Services are for comparison purposes only; your rates may differ.

About the Author: CompuQuotes Editorial
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