Cheapest Cars to Insure for Teenagers 2024

The Chevrolet Corvette has the cheapest insurance rates for 16-year-olds, while 17-, 18- and 19-year-old drivers can enjoy lower premiums with the MINI Cooper.

To keep insurance costs down, it's better to have teen drivers use an older SUV rather than allowing them to drive sports cars or luxury vehicles. Unless 18- and 19-year-olds move out of the family home permanently and drive their own cars, they should stay on the family policy to maintain affordable coverage.

The Chevrolet Corvette and MINI Cooper rank as the cheapest cars for 16-year-olds to insure under a state minimum policy. Here are the annual rates:

• Chevrolet Corvette: $2,303 per year
• MINI Cooper: $2,305 per year
• Subaru Forester: $2,532 per year

These rates are based on an individual policy across national insurance providers, which can vary due to multiple factors. Remember that 16-year-olds cannot buy their own insurance policies, so parents are responsible for adding them to the family policy. This arrangement often results in lower costs compared with individual policies for teenagers.

To determine the cost of a full coverage policy, use the filter option in the table below. This will provide a more comprehensive understanding of the rates applicable to different coverage levels.

When it comes to finding cost-effective car insurance for 16-year-olds, some companies offer more competitive rates for minimum coverage. Here are three makes and models with their most affordable providers:

• Chevrolet Corvette: $1,497 with State Farm
• MINI Cooper: $1,564 with State Farm
• Subaru Forester: $1,428 with State Farm

Securing the right car insurance is important for any driver, especially young ones. Always compare quotes from at least three different insurers to ensure you're getting the best deal available for your specific needs and circumstances.

With basic coverage, the MINI Copper and Chevrolet Corvette are the cheapest for 17-year-olds to insure:

• MINI Cooper: $1,867 per year
• Chevrolet Corvette: $1,887 per year
• Subaru Forester: $2,040 per year

In many states, 17-year-olds can drive without supervision and have young passengers, but this can increase the risk of a car accident, according to the Centers for Disease Control and Prevention (CDC). Completing safe driving courses teaches good habits and can lead to rewards. Over time, practicing safe driving may qualify them for accident-free discounts.

To find the cheapest car insurance for 17-year-old drivers, MoneyGeek has analyzed the costs for different makes and models. Below are the most affordable companies offering minimum coverage car insurance for a Chevrolet Corvette, MINI Cooper and Subaru Forester.

• Chevrolet Corvette: $1,295 with Travelers
• MINI Cooper: $1,378 with State Farm
• Subaru Forester: $1,259 with State Farm

Adding a 17-year-old driver to a family policy remains a cost-effective approach to secure lower insurance premiums while still providing essential coverage. Keep in mind that minimum coverage car insurance offers the most affordable rates, but full coverage car insurance may be worth considering for more comprehensive protection.

The MINI Cooper and Chevrolet Corvette are the cheapest to cover with basic state-minimum insurance for 18-year-olds:

• MINI Cooper: $1,619 per year
• Chevrolet Corvette: $1,644 per year
• Subaru Forester: $1,770 per year

While 18-year-olds have the option to purchase their own car insurance policies, staying on their parents' car insurance policy can often lead to cost savings, as long as they haven't permanently moved out.

Finding the cheapest car insurance for 18-year-olds requires thorough research. MoneyGeek has analyzed the premiums to help you save on minimum coverage car insurance. Below are the most affordable companies for popular models:

• Chevrolet Corvette: $1,065 with Travelers
• MINI Cooper: $1,183 with Travelers
• Subaru Forester: $1,119 with State Farm

At age 18, a driver has likely gained more driving experience, which might lead to modest savings on insurance premiums. Still, expect rates to remain high compared to more mature drivers. With many 18-year-olds starting college, distant student discounts may also be available. Always compare varying minimum and full coverage car insurance options and consider the vehicle type to discover the most economical choices for your insurance needs.

Drivers who are 19 years old will find MINI Coopers or Chevrolet Corvettes the cheapest to insure:

• MINI Cooper: $1,128 per year
• Chevrolet Corvette: $1,131 per year
• Subaru Forester: $1,221 per year

If you own a sports car, you can list them as an excluded driver to prevent premium increases. However, emphasize that they should never drive your car, because your insurer won't cover them in case of an accident.

Here are the cheapest insurers for each vehicle under minimum coverage:

• Chevrolet Corvette: $839 with Travelers
• MINI Cooper: $932 with GEICO
• Subaru Forester: $943 with State Farm

Car insurance premiums for 19-year-olds tend to be higher than for more experienced drivers, though they are generally lower than 16- to 19-year-old teen drivers. To control costs, consider taking advantage of good student discounts, choosing safe and sensible vehicles and maintaining a clean driving record. These strategies can help 19-year-olds secure more affordable coverage during this transitional insurance period.

Insurance companies consider the risk associated with the vehicle a teen drives. Opting for a safe and affordable car with a good safety record can reduce the likelihood of accidents and claims, which, in turn, leads to lower insurance premiums for teen drivers.

Some insurers let you assign a car to each driver on the policy, and assigning an older or safer car to your teen can reduce their insurance cost.

Car safety ratings, theft risk and the vehicle's age are key determinants of insurance costs. Higher safety ratings and lower theft risks generally lead to more affordable premiums, while a car's age can impact its insurance rate due to value and safety features.

Shopping around for the best car insurance rates, selecting a safe and budget-friendly car and maximizing available discounts can significantly lower the overall expense of adding a teen to your policy.

In this FAQ section, we'll simplify how to find the cheapest cars to insure for teenagers. Whether you're a seasoned driver or just starting out, our aim is to help you make informed decisions about your coverage.