Average Car Insurance For New Drivers

Average cost of car insurance for teens and young drivers age and gender are major factors insurers use to determine teen auto insurance rates.

Average car insurance for new drivers. Why is car insurance for new drivers so expensive. While inexperience plays a big role in the cost of car insurance for new drivers even more important is the fact that most new drivers are young drivers between 18 and 24 years old. On average a 16 year old pays around 2 661 for an. According to our study the average annual car insurance representative rate for driver profiles with one dui on their record is 2 464.

In new jersey drivers pay an average of 2 001 each year for car insurance. Use our step by step guide to find out how you can cut costs. People who ve had their licence for longer pay less on average. Yet despite the eu directive which prohibits insurers from assessing a driver s risk based on their gender male drivers are still paying more on average than female drivers.

But with the average car insurance cost for a 20 24 year old over 900 yr premiums are still eye wateringly high. We know what you re thinking you can t discriminate based on sex anymore. The actual amount you ll pay for car insurance in new jersey depends on a. Statistics have shown that drivers under the age of 25 who ve recently passed their test are more likely to be involved in an accident.

Average car insurance rates by age and gender for the early 20s when you hit your 20s your rates start to drop but you ll still pay more than most drivers until you reach age 26. That s a 74 increase over driver profiles with a clean record. Find cheap car insurance for new drivers with moneysupermarket. The cost of car insurance for under 25s has dropped a bit this year because of coronavirus as lockdown has meant there ve been fewer claims.

After a certain number of years of accident free driving you ll likely qualify for a safe driver discount. State farm and usaa offer the best annual study rates for sample drivers in this group at 1 681 and 1 683 respectively. Average car insurance rates in ontario for a new driver new drivers especially if you are under 25 years of age will pay some of the highest insurance premiums in ontario. If you re a teen driver or a new driver every year of safe driving will help lower your rates until your age and experience are no longer factors in your car insurance costs.

Drivers with a g1 driver s license will pay more than a driver with a g2 or a g driver s license. Below you ll find average car insurance cost by age for several common coverage sets for the time when your teen years are in the rear view mirror but much cheaper rates are still a bit further down the road. According to moneysupermarket data correct as of february 2020.