Cheap Car Insurance Quotes For New Drivers

Cheap Car Insurance Quotes For New Drivers: best car insurance for new drivers Australia

Are you a new driver eager to hit the road without breaking the bank? Securing affordable car insurance as a new driver can be challenging, but with the right approach, you can find budget-friendly coverage without sacrificing quality. In this comprehensive guide, we’ll explore strategies to help new drivers unlock cheap car insurance quotes tailored to their needs. It can be challenging for new drivers to find affordable auto insurance. New drivers typically pay the highest rates for auto insurance because car insurance companies view them as high-risk. This is especially true for young or inexperienced drivers. State Farm typically offers the lowest new driver auto insurance quotes, but you might be able to find a better offer elsewhere based on your circumstances and area.

Understand Insurance Requirements: best car insurance for new drivers in Australia

Before embarking on your search for cheap car insurance quotes, it’s crucial to understand your state’s insurance requirements. While minimum coverage varies by state, most jurisdictions mandate liability insurance to cover injuries and property damage caused to others in an accident. Familiarize yourself with your state’s minimum coverage requirements to ensure compliance while exploring cost-effective options.

What companies have the cheapest car insurance for new drivers?

Overall, State Farm has the cheapest auto insurance rates for first-time drivers. It’s followed up by Geico, the second most affordable option for young drivers.

Cheapest full coverage car insurance for new drivers: State Farm

State Farm has the cheapest full-coverage car insurance for new drivers in the country, with an average annual rate of $4,078, or $340 a month. Geico is the second-cheapest option for teen drivers, with full coverage at $4,866 a year, or $406 a month.

Cheapest companies for full coverage car insurance for new drivers

Company	Average annual rate
State Farm	$4,078
Geico	$4,866
Allstate	$7,405
Progressive	$8,187
Farmers	$8,854

Cheapest liability-only car insurance for new drivers: State Farm

For new drivers looking for liability-only car insurance, State Farm has the lowest average quote at $1,803 a year, or $150 monthly. Geico has the next cheapest liability-only rate at $1,992 a year, or $166 a month.

Cheapest companies for liability-only insurance for new drivers

Company	Average annual rate
State Farm	$1,803
Geico	$1,992
Progressive	$3,089
Allstate	$3,339
Farmers	$4,084

Rates are for liability-only car insurance for an 18-year-old male with a clean driving record. Liability-only, also known as “minimum car insurance”, covers damages and injuries of other drivers involved in an accident you’re responsible for. Drivers are required to carry state-mandated minimum limits of coverage in most states.

Why is car insurance for new drivers so expensive?

New drivers pay the highest rates for car insurance due to their inexperienced driving. The Highway Loss Data Institute (HLDI) finds that drivers ages 16 to 19 have three times the fatal crash rate of drivers ages 20 and older. Due to their higher chances of being involved in an insurance claim, auto insurance companies charge new drivers a higher rate for a policy. Car insurance rates for new drivers decrease over time. For teen drivers, those rates tend to fall and stabilize around age 25 for a long period, as long as they maintain a good driving record.

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It takes effort and research to find low-cost auto insurance quotes for new drivers, but it is doable with the appropriate tactics. New drivers can find inexpensive insurance without sacrificing quality by being aware of their coverage needs, comparing quotes from several providers, taking advantage of discounts, thinking about a higher deductible, driving sensibly and safely, and looking into usage-based insurance options. As you start your driving career, take the time to consider your options and take advantage of any discounts that may be available to you to get the best possible rate on your auto insurance policy.