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Find affordable insurance for expensive drivers
On average, young male drivers pay $296 more every six months than the average driver in the US. Because of the risk young male drivers present to an insurance company, they’re typically charged higher premiums than young female drivers. While over time, the premium difference between male and female drivers subsides, it can still be very expensive to find cheap car insurance as a young male driver. So, let’s explore the cheapest car insurance companies and additional ways to save on a policy.
Using a methodology outlined here, we discovered that GEICO is the cheapest company for young male drivers — all other metrics constant. Outlined below, this data is based on a 17-year-old on his parent’s car insurance policy, and should only be considered a jumping off point in your search for cheaper car insurance. Meaning, you should start — but not end — your search with GEICO.
|Car insurance provider||Average 6-month premium|
Although choosing the right insurer will absolutely be the best way to save on a policy, there are other things you should consider in your search for car insurance.
There are two parts to this advice. First, you should consider the value of you or your young male’s vehicle before assuming what coverage you need. Generally, if a vehicle is worth less than $4,000, you do not need comprehensive or collision coverage. These coverages are not required by law and only work to protect the physical value of your vehicle. If the vehicle isn’t worth much to begin with, you are paying for coverage you do not need.
The second part to this is considering adding additional coverage. If you’re worried about your young male driver getting into an accident, especially an that increases your , you should look into accident forgiveness. The specific details of this coverage will vary based on your company, but it could offer some peace of mind.
Most car insurance companies offer good student discounts for drivers between the ages of 16-25 if their GPA is above a 3.0. In the eyes of an insurer, a teenage driver with good grades is statistically less likely to get into a car accident, making them eligible for a student discount. For more information relating to this discount, see here.
A good driver discount requires you or your young teen drivers to take a defensive driving course to learn safe driving techniques. Insurance companies view young drivers who have completed a defensive driving course as less likely to drive recklessly, file a claim, or receive a citation. Thus, they are less expensive clients.
A good driver discount specifically applies if you have taken an insurance company-approved driving course. Insurance companies see young drivers who have taken a defensive driving course as less likely to receive moving violations or get into an accident. The exact requirements and specifications for this discount vary, so consult your insurance company for details!
Average Savings for Good Driver and Good Driver Student
While it will vary, generally the cheapest kind of car to insure for any driver is an older sedan. Any vehicle you do not need to insure with collision and comprehensive insurance will always ensure a cheaper premium.
Telematics are mobile or in-car devices that use your driving habits to determine your car insurance premiums for usage-based insurance companies. In theory, if you’re a safer driver, your premium could be lowered to reflect that. If your teen drivers do not accelerate rapidly, brake harshly, or drive late at night, telematics might be a good way for you to save. For more information, see here.
Because you or your young male driver’s premium will continually decrease, it will be important to shop around for an insurance policy every six months to ensure you’re getting the best possible rate. Use our insurance comparison calculator below by entering your zip code to see quotes from dozens of local and national insurance companies.
If you’re looking for more ways to save money on car insurance, see our related content below.
We randomly selected five US ZIP codes and assessed rates from the five most popular companies in the US (based on net premiums written):
We built our teenage driver profiles as one male and one female, in a family with two parents and two vehicles. This is the information we chose to use:
Next, we needed to create the profile of the teen drivers: one female and one male. Here is the information: