Even though you have now been considered as an adult now, your name can still be added to the car insurance policy of your parent or a guardian. Even for a student, the cost of living is quite high. So, when it comes to car insurance, you are not financially ready to pay for your own policy.
If you are residing with your family and have your own car, then it would be a good idea to stay on your parent’s policy as it works effectively in unlocking a multi-vehicle discount. When you insure multiple vehicles under one auto insurance policy, you are more likely to get a reduction in your premiums.
It is true that teens and young drivers are considered as the riskiest drivers to insure. Due to this reason, auto insurance for 18 year old male and females is higher than adults in the United States. To legally drive in the country, there is a huge expense. The inexperience behind the wheel is the main reason for considering them as high-risk drivers. As per the data, it has shown that when you turn 24 years, your premium rates start to drop, thus, will give you great relief from the high premiums.
How car insurance cost 18 year old male is higher than females?
Generally, the cost of average car insurance for 18 year old male drivers is slightly higher than 18 year old female drivers. Here again, the reason is the same that insurance companies consider male drivers riskier than females. Fortunately, many states such as California have made it very clear that insurance companies do not consider gender as one of the factors to determine the car insurance premiums.
The average cost of car insurance for an 18 year old is $2,200 to $2,500 annually. Here, an 18 year old female driver has to pay around $2,200 per year, whereas, on the other hand, an 18 year old male will need to pay around or more than $2,500. Moreover, it completely depends on your State as well as various other factors considered by the insurance companies for calculating the premium rates for 18 year old drivers.
Keep noted that as you get older, the cost of car insurance drops considerably. But, you can lower it more if you maintain a good driving record. It means that every year you will experience a continuous drop in the rates.
Get cheap car insurance for 18 year old male
Insure under an older car
Since older cars need less money to replace or repair, so these cars do charge lower premiums. If you want affordable car insurance for your young driver, avoid buying a luxury or expensive car for him.
Car with safety features
If a car has safety features, such as airbags, an alarm system or anti-lock brakes, it decreases the risk of accidents or injuries and there are chances to pay low premiums.
Good student discount
If you maintain good grades in high school or college, you can easily get qualified for a good student discount and can save up to 15% on your coverage.
Defensive driver discount
If you complete a defensive driving course, many insurance companies provide a discount on premium rates up to 5%. You must ask your insurer about the discount before enrolling in this course.
If you are finding it challenging to get cheap car insurance for an 18 year old driver, taking the help of Alias Insurance can get your lowest premiums with great ease. Compare online quotes with better coverage and get the best policy from the reliable insurance company.