A Guide To the Best Car Insurance For Teens

Automotive

There's nothing more unnerving than watching your child finally grow to the age where they can start driving. Not only are you going to worry about them as they drive around, but you're reasonably going to worry about your car that they're using every time they get behind the wheel.

Thankfully there are insurance policies that cater specifically to your teenager and help provide the best coverage possible so that you know when your child gets behind the wheel they, and your car will get covered. In this article, we'll look at some of the best car insurance for teens available that will save you money and worry while they're driving.

How We Rate Our Choices

To get to the final result of our ratings, we employ different factors that determine what rates and insurance company at the top of our list. These factors include:

Student Discounts: Getting good grades and being encouraged to stay in school to earn savings is an excellent way for a teenager to keep up but their schooling.  Insurance companies that include this not only save their parents a right amount of money but also help teach responsibility two teenagers. We rate insurance companies hire when they employ this feature.

Yearly Rate:  Cost is always an essential Factor when it comes to looking into different insurance policies. Insurance policies that don't drive their parent's premiums up to while they add their teenager under their plan drastically, or insurance policies that don't charge ridiculous premiums if you're a teenager living on your own, will rate higher on our list.

Availability: Will these insurance policies have coverage in your area? Or are they specific only to some regions of the United States? These are questions we’ll be asking while we rate our lists.

The Best Car Insurance For Teens


State Farm

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6/6 stars

State Farm is a well-known car insurance company that advertisers frequently that they provide significant discounts for student drivers. Available Nationwide, State Farm has competitive premiums and works as an excellent option for anyone who lives outside of major metropolitan areas as well as states that don't get covered by small insurance companies.


As long as your teenager is in school and they're getting good grades, you can see up to 25 percent in discount services from your premium, and this is good up to the age of 25, so it even covers some of their college years.  


Additional discounts that you can take advantage of are things like Steer-Clear and Drive Safe and Save programs that monitor that behavior and driving habits of your teenager and rewards them if they pay attention to the road and follow the law.  There's also an accident-free driving discount that kicks in after three years of accident-free driving.


Some of these discounts come only provided in individual States, so it may be a good idea to get a hold of a customer service representative and ask about what options are available to you as far as discounts and other services are concerned.


State Farm is also well known for their excellent customer service, so you know that you'll be able to get the coverage and discounts that you need. State Farm is one of the largest insurance companies in the United States, and they ensure more vehicles, homes, And life insurance policies than any other company in the country.


That also gives you a good idea that they have excellent financial backing so that you won't have to worry about your payouts when you need to file a claim.

Allstate

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5/6 stars

If you're looking for a good insurance policy for a teenager that's about to go to college, Allstate would likely be your best choice because they offer huge discounts to students that are under the age of 25 and they're enrolled full term in school with a good GPA.


If they're attending a school that it's at least a hundred miles away from home or if they've completed the teen smart driver's ed program, then they can save even more money on their premiums.


Contacting a local agent about all of the different discounts at Allstate offers for you and your college-bound teenager is the best way to ensure that you get them, or at least gives you an idea of how to take advantage of these discounts.  That walk you through the process and point out all of the different discount services that they do offer with your policy.


So far Allstate has the following discounts that can get applied to your teenager's car insurance:

  • Safe Driver Discount
  • Good grades discount
  • Discounts for installing a safe driving app
  • Discounts for enrolling in school for full-time
  • Discounts for the teen smart driver's ed program

These examples aren't even the entire list, so that's why it's important to talk to an insurance agent for a comprehensive view as to what can get offered. If your teenager is going to school, but they aren't taking their car with them, you can even ask your insurance agent for lower premium since the car won't get utilized while they're away.


However, keeping the policy on the car while your child is away at College will guarantee that it has protection in case the vehicle gets stolen or damaged by an act of nature. This way you're covered, and you'll be able to put in a claim if something like that were to happen.

Erie Insurance

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4/6 stars

Erie Insurance is one of the cheapest available car insurance agencies that cater more specifically to teenagers and young drivers. The only thing that limits Erie as an option for most parents and teens is the fact that they only work in the following states:

  • Ohio
  • New York
  • Maryland
  • West Virginia
  • Virginia
  • Wisconsin
  • Pennsylvania
  • Illinois
  • Indiana
  • North Carolina
  • Tennessee

If you live in these states, that's great. Erie Insurance is one of the most affordable in these areas especially for teens and college-aged drivers.  Erie Insurance offers discounts for up to 20 percent for all of the drivers that still live at home and are under the age of 21.


You can get that discount for every year that they stick with the same policy, for every year that they take a driving class, and for participating in their specific competitive program that presents prizes for students who continuously engage in safe driving. These incentives are great ways to keep your kids safe, and it also saves you money on your premiums.


Erie Insurance sits at a rating of A+ by A.M. Best which is known as an excellent rating, and it also gives you the idea that they have excellent Financial stability in case you should ever have to claim your insurance policy.

USAA

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3/6 stars

Active military parents who want to see their children covered under good insurance would likely take advantage of USAA's Insurance program for student drivers. This policy is also open to Teenagers Who enlisted in the military right after high school or their college graduation and need a stable car insurance policy with good coverage.


USAA only offers policies to military members, veterans, and their immediate family. Many people love their customer service, and they have lovely price ratings which are some of the best in the country. They cover more than just car insurance, and if you bundle any other policies with USAA, then you can apply for the bundled discounts that they offer.


This insurance policy works well in any state, primarily because they cater to military personnel they're also used to their clients moving across the country frequently. As a result, they can make sure that all of your assets have cared for both in the transition of the move and after moving into your new place.


USAA has an amazing financial backing which means that you'll be able to put in a claim without worry that your payout won't come. Once you remember, all of your policy information can be accessed online at your convenience, but this option is only available four members. To apply, you will have to contact an agent and go through the process from there.

Nationwide

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2/6 stars

Nationwide is another well-known car insurance agency that offers reasonable student discounts that you can take enjoy the benefits of having. Their average premiums across the board are lower compared to other large companies and their averages across the nation.


Unfortunately, they don't offer programs such as student driver training discounts, and they don't offer refunds on student away at school.


Their accident-free discount it's good, but it won't kick in until after your teenager has had five years of safe driving while under your supervision. However, you can enroll with a smart ride program, or a small device will be attached to your car and monitors how far you drive when you drive, and how fast you break and accelerate to determine if you qualify for a discount.


If you currently have a policy through Nationwide and your teenager is at the age where they can start driving, Nationwide family plan can secure your teenager a more affordable rate, and it allows everyone in your household to share on your discounts.


This policy can go towards things like an accident-free discount that you might have that's your teenager can't take advantage of usually can help reduce their premiums merely because they're on the family plan. Nationwide also offers 24/7 roadside assistance in case your teenager needs help getting home.


Nationwide does offer accident forgiveness even for teen drivers. If they do get into a fender bender, their rates won't increase after their first at-fault accident.

Progressive

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1/6 stars

Progressive offers a multi-car discount that would help offset the cost to put your teenager on your insurance policy. If you're a teenager looking for a system all on your own, Progressive is also an excellent choice to utilize especially given the fact that they make it easy to compare rates based off of your private personal information.


Progressive doesn't offer too many discounts for young drivers especially, mostly because a lot of their rates are reasonably priced and you'll get discounts the longer that is with the company. Progressive does offer a program that works similarly to Nationwide Smartride program. It's called snapshot, and you just plug in a device to monitor your driving habits.


If you are found to be a safe driver, you will get rewarded with an additional discount which could be a good perk for students who do drive more reliably, and it could drive down premium costs as a whole.


Another great perk that Progressive provides is the GAP insurance optional coverage for its policyholders.  Progressive is the only company on this list that offers such coverage, and it's a good idea to have if your teen has a newer vehicle that has yet to be paid off.

What this policy does is if your car gets totaled in an accident, then Progressive will help you pay the difference between the actual value of the vehicle and the total amount that still has to be paid off on your loan.

​What We Think

When it comes to providing the best value for you and your teenager, we think that either Allstate or State Farm would be the best choices as far as the discounts that get offered and the potential savings that you could take advantage of if you already have a policy with these companies.

If you have a car insurance policy already in place, you should speak with your agent to determine what the best move will be as far as savings you could potentially take advantage of if you were to put your teenager on your policy.

Your premiums will go up no matter what if they do go on your policy, but there might be discounts that you can take advantage of that'll make it more comfortable while they are still in school. Overall we still feel that these two companies are the best car insurance for teenagers that you can save the most money.

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