New and young drivers pay the highest rates — but the right insurer and discounts can cut your bill by 40% or more. Here's exactly how to find the cheapest policy.
Being added to a parent's policy costs $1,200–$2,000/year extra. Your own policy costs $3,500–$5,000/year. Always stay on the parent's policy until 25.
Most insurers give 10–25% off for a B average (3.0 GPA) or better. Requires proof from school. Available up to age 25 or graduation.
A state-approved course costs $30–$50 and saves 5–15% on insurance. Some states mandate a discount. Takes 6–8 hours online.
Avoid sports cars, luxury vehicles, and high-theft models. A used Honda Civic or Toyota Corolla cuts your insurance bill by 30–50% vs a performance car.
Safe-driver apps from State Farm, Progressive, and Allstate reward good driving with 10–30% discounts. Perfect for new drivers who are naturally cautious.
Raising deductible from $500 to $1,000 cuts premiums by 15–20%. Only do this if you have savings to cover the higher out-of-pocket if you file a claim.
| Age | Avg Annual Premium | vs 30-Year-Old | Best Company |
|---|---|---|---|
| 16 | $4,200/yr | +250% | State Farm |
| 17 | $3,800/yr | +220% | State Farm |
| 18 | $3,200/yr | +180% | GEICO |
| 20 | $2,600/yr | +130% | GEICO |
| 22 | $2,100/yr | +85% | GEICO |
| 25 | $1,700/yr | Avg | GEICO / State Farm |