What company offers the cheapest insurance for new drivers?

It depends on what type of new driver you are. MoneyGeek found that Nationwide is the cheapest for new drivers in their early 20s , the cheapest for new teen drivers and the cheapest for adults who are new to driving . The cheapest for you could depend on your driving history, location and other factors, so it's best to compare multiple quotes.

What factors influence the cost of car insurance for new drivers?

Several elements play a role, including the driver's age, type of vehicle, location and more. New drivers, especially younger ones, often face higher rates due to their lack of driving experience.

How can new drivers qualify for discounts on their car insurance?

Many insurance providers offer discounts for good academic performance, completion of driver's education courses or for safe driving habits. It's always a good idea to ask potential insurers about available discounts.

Is it more cost-effective for a new driver to join a family policy or get an individual policy?

Generally, it's more affordable for new drivers to join a family policy. This can spread out the cost and often results in a lower combined premium than if the new driver had an individual policy.

How frequently should new drivers shop around for cheaper insurance rates?

It's a good practice to compare insurance quotes annually. As a driver gains experience and maintains a clean record, rates can decrease, and shopping around helps ensure they're getting the best deal.

What if I'm new to an insurance company but not to driving?

Another group that typically pays more for car insurance is drivers with a gap in insurance coverage. Insurance companies consider such drivers to be a higher risk because they assume that you were driving without insurance during that time. Drivers who have a lapse in insurance and then buy a new insurance policy will pay higher rates even if they're an experienced driver.

Cheapest Car Insurance for New Drivers (2024)

Name: Cheapest Car Insurance for New Drivers (2024)
Item: Cheapest Car Insurance for New Drivers (2024)
Author: Gail Kellner

New drivers typically face higher rates but can still find affordable coverage. Nationwide is the most affordable provider overall, but rates will vary depending on your age and other factors.

ByGail Kellner

Reviewed byMark Friedlander

Contributions by4 experts

Updated: March 7, 2024

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About Gail Kellner

Gail Kellner is a professional financial writer who specializes in life insurance, auto insurance and personal finance. She earned her Bachelor's degree in Psychology from Western Connecticut State University and her Master's of Science from Indiana State University. She loves combining her knowledge of psychology with her financial expertise so people can make better financial decisions.

Cheapest Car Insurance for New Drivers (2024)

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