If you’re just learning how to drive, then you might be wondering “What are some cheap car insurance for new drivers?”. Fortunately, comparing rates can be fairly straightforward. If you’re unsure what rate to expect, you can start by checking out the average annual premium for new drivers with State Farm. The cost of a State Farm policy is $276 a month, which is 56% less than the average.
Many insurers have started recognizing the benefits of telematics, which involves installing a small device in your car or downloading an app to monitor your driving habits. This monitoring can help adjust your premiums if you become a better driver. Some insurers also offer discounts if you restrict your driving. These are just some of the options to look into when it comes to getting cheap car insurance for first time drivers.
The most important thing to remember when searching for cheap car insurance for first time drivers is to get multiple quotes. A policy for a 16-year-old driver will cost approximately $3,343 per year. The cost for full coverage insurance is approximately $3,867 a year. By sharing the policy with a parent or other family member, a young driver can save even more money on their insurance.
Another way to find cheap car insurance for first time drivers is to bundle policies. Purchasing both auto and renters insurance through the same company is a great way to save money. Most auto insurance companies offer discounts for multi-car policies. These discounts don’t offset the cost of insuring multiple cars, but they do make them cheaper to insure as a group. Additionally, by bundling policies with renters insurance, you’ll receive discounts for having both policies.