Finding the best car insurance for kids and young drivers can be a daunting task for parents and new young drivers alike.
In this guide, we’ll explore the top providers of car insurance for kids, assessing factors such as cost, discounts, and additional perks.
If you’re a teenager hitting the road or a parent looking for the best options for your kid, this guide is a must-read. Let’s dive in!
READ MORE: Child Health Insurance Coverage
6 best auto insurance for kids
Table of Contents
According to Forbes, here are the six best auto insurance for kids;
1. Erie: Best Rates for Adding a 16-year-old Teen Driver
Erie Insurance is an exceptional choice for families with 16-year-old teen drivers, offering affordable car insurance rates.
With an average cost of $4,059 a year for parents and a 16-year-old, Erie offers reasonable prices even for those with a history of accidents or speeding tickets.
Their full coverage includes gap insurance, car replacement, accident forgiveness, and vanishing deductibles.
Notably, unless certain policy changes are made, Erie’s Rate Lock feature guarantees stable pricing for a long time.
For families looking for dependable and reasonably priced auto insurance for their young drivers, Erie continues to be a prominent choice due to its emphasis on affordability and wide range of coverage options.
2. USAA: Best Overall Rates for Teens and Young Drivers
USAA sets the standard for providing the best overall car insurance rates for teens and young drivers.
With an average cost of $4,103 for parents and a 16-year-old and $3,108 for an 18-year-old, it has the lowest average policy.
Interestingly, they provide affordable rates to those with various driving histories, including accidents and DUIs.
To meet the various needs of young drivers, their policy provides new car replacement and accident forgiveness. USAA is a great option for families looking for high-quality auto insurance for their young drivers because of its emphasis on cost and comprehensive coverage, and its eligibility requirements for military personnel, veterans, and their families.
READ MORE: 7 Affordable Child Insurance Plans For You
3. American Family: Best for Low Level of Complaints
American Family is the prime choice for families seeking car insurance with a low level of complaints.
Despite charging an average cost of $5,663 a year for parents with a 16-year-old and $5,110 a year for an 18-year-old, American Family’s exceptional customer satisfaction sets it apart.
To especially meet the demands of parents of teen drivers, the company offers a choice of optional coverage alternatives, such as accident forgiveness and new car replacement.
American Family guarantees a flawless insurance experience with an exceptional track record of few complaints to state insurance agencies.
Overall, it is a dependable option for families looking for dependable coverage for their young drivers because it offers benefits like gap insurance for new car owners, a vanishing deductible, and accident forgiveness.
4. Nationwide – Best for Drivers who Want To Try a Mileage-based Program
With affordable rates and many useful add-on coverages, Nationwide stands out as a great option for drivers looking for child car insurance.
It offers affordable rates, especially for families who want to add young drivers to their policies, with an average cost of $4,502 for parents of a 16-year-old and $4,352 for parents of an 18-year-old per year.
For drivers with minimal mileage, the corporation offers the SmartMiles program, which may result in discounts for eligible drivers.
Moreover, Nationwide’s offering of vanishing deductible, new car replacement, and accident forgiveness strengthens its reputation as a dependable alternative for families looking for adaptable auto insurance plans for their teenage drivers.
READ MORE: Child Health Insurance Coverage
5. Auto-Owners – Great Grade From Collision Repair Professionals
Auto-Owners Insurance is an excellent choice with an average cost of $5,412 a year for parents with a 16-year-old and $4,738 a year for an 18-year-old.
It boasts of a low complaint rate, effective claims procedure, and extra coverage options.
Notably, Auto-Owners is a desirable choice for parents of teenage drivers because it provides special rates for drivers with an accident history.
The organization offers a decreasing deductible and accident forgiveness in addition to a notable average 14% discount for full policy payments.
Overall, Auto-Owners has positive reviews from collision specialists and maintains its reputation as a dependable insurance provider by offering gap insurance and new car replacement coverage.
6. Geico – Best for Young Drivers Buying Their Own Policy
Geico shines as an attractive option for young drivers who want to buy their own policies.
It also has provisions for parents who want to buy for their child. It costs of $4,471 a year for parents with a 16-year-old and $3,890 a year for an 18-year-old.
At that price, Geico is the third-most affordable car insurance company on this list, making it a viable choice for those seeking budget-friendly coverage.
Geico offers exceptionally low premiums to young drivers and will even accept those with a history of speeding tickets, bad credit, or canceled policies.
Overall, it provides young drivers ensuring their freedom on the road with an affordable and comprehensive option, complete with extra perks like accident forgiveness.
