How To Get Affordable Insurance For Young Drivers

Getting affordable auto insurance for young drivers would always feel like a herculean task, especially considering the fact that statistics have shown that they are more likely to be involved in accidents than the older drivers. For example, reports have shown that approximately 32.8% of young drivers have at a one point or the other, texted or emailed while behind the wheels while approximately 56% admitted talking on their cell phones as they drove.

From a study that was carried out by the Insurance Institute for Highway Safety (IIHS), it was gathered that in 2015 alone, over 2,700 teenagers aged between 13 and 19 died in auto crashes, with 2 out of 3 of them being males. The report goes further to show that from 1975 to 2015, teenage crashes have decreased more in male drivers (73%) than in female drivers (58%).

These couple of reports and more have immensely contributed to the reason why the car insurance rates for young drivers keep sky-rocketing in most US states, including Florida. However, there are certain things and steps you can take to ensure that you purchase cheap coverage for young drivers. Yes, from getting them the right car to knowing the type of coverage you need, there are lots of ways to save money. These include but not limited to the following:

graph comparing vehicle accident deaths in different age groups

Go for the cheapest cars for insurance

You might not know it but when you are looking for affordable car insurance for your teenager, the type of car being insured significantly impacts on the price. For this reason, you should take your time to decide on what car to buy and insure. Some of the factors that lead to these variations include the cost of repairs, cost of the spare parts, the car’s performance, the value of the car, and others. Listed below are some of the cheapest cars for insurance in the US. They are:

Type of carInsurance Premium
Honda CR-V$1,146
Ford Escape$1,217
Jeep Wrangler$1,229
Subaru Outback$1,176
Jeep Cherokee$1,182
Toyota RAV4$1,285
Chevy Equinox$1,209
Toyota Tacoma$2,282
Honda Civic$1,436
Hyundai Elantra$1,413
Nissan Altima$1,431
Hyundai Sonata$1,388
Nissan Rogue$1,287
Chevy Silverado 1500$1,288
Toyota Corolla$1,437
Toyota Camry$1,377
Ford Fusion$1,379
Chevy Malibu$1,359

Car insurance rates for different cars with lowest rates

Below is a review of the variation in insurance rates of 2015 Toyota Camry and 2015 Ford Escape in 8 US states:

State2015 Toyota Camry2015 Ford Escape
New York$1,839$2,038

Minimize car modifications

Our younger drivers would always want to carry out a couple of modifications on their cars, in other to make them more appealing. Although it would go a long a way in personalize their cars, it also comes with its downside. For example, a Toyota Corolla car with alloy wheels will have premiums higher by hundreds of dollars in comparison to one without such modifications. So, sit your teenager down and discuss the impact of intended modifications on his or her yearly insurance premiums.

Install money-saving techs

There are varieties of techs that have been exclusively designed for the purpose of keeping your cars safe and alerting parents/guardians when their teens engage in any form of dangerous driving. One example is Telematics, which comes as a GPS box and is designed to monitor how a given car is driven and where it is driven to. Alerts are sent out when wrong driving is detected. Another tech is dashboard camera or dashcam. Most insurance firms now accept footages from these cams in the event of an accident. Not to be left out are security techs like alarms and demobilizers, which go a long way to prevent car theft or vandalization. Having any of these techs installed in your car can save you between 10% and 15% of the total premium.

Understand the type of coverage your teen needs

From third-party to comprehensive coverage, it is up to you to decide what type of coverage would be most suitable for your teen, especially considering his or her driving habits. For example, going for third-party coverage means that in the case of an accident, the insurance firm will pay for claims against you if the other party is injured or the car needs to be either repaired or replaced. It will not cover your own losses.

Comprehensive coverage on the other hand, covers both your car and other cars in the case of an accident. This is why it is the most expensive when it comes to coverage types. Before you settle for a given coverage, take your time to determine how often the young driver would be behind the wheels, the type of damage you might be able to handle on your own should it occur, how much you are willing to part with annually as premiums, and other factors.

Opt for yearly payments as against monthly payments

Considering that in certain states, including Florida, the average premium can be up to $2,000 and above, it might be tempting to settle for monthly payment. However, you should understand that it is far much cheaper when you opt for yearly payments than when you pay monthly, that is if you can afford to. The reason for monthly payment being more expensive is that the interest charges attached to monthly payments significantly increases the premiums at the end of a given year and as such, you might end up saving a substantial amount with yearly payments.

Minimal car usage

This is another way parents and guardians can get affordable insurance for young drivers. It works more for young drivers who are studying over hundred miles from home. Instead of taking the car with him or her to school, you should opt to have the car left behind at home. This way, a potential insurer might offer you a reasonable discount.


These are just a few of the strategies you can adopt in order to get affordable insurance coverage for your teens. Ensuring they also undergo driver’s education will further boost the chances of purchasing insurance at cheaper premiums.