The insurance company with the best car insurance for young drivers under £1,000 is USAA. They offer very affordable premium rates for drivers between the ages of 16 to 18 years of age. However, that’s not the only company that offers car insurance for young drivers under £1000. In this post, you will read about other car insurance companies that offer car insurance for young drivers under 1000.
Cheapest car insurance for young drivers under 1000
Here are the cheapest car insurance for young drivers under £1000:
1. Erie Insurance
Erie Insurance is the cheapest car insurance company for adding new drivers, specifically if 16 years old. The average cost for parents and 16-year-olds is £4,000 per year.
This implies that each month, the insured is to pay £300. For drivers 18 years of age, they are to pay a fee of £3,000.
2. USAA Insurance
USAA Insurance has the best car insurance package for teens and young drivers. They have good reviews. The average cost for parents and 16-year-olds is £4,000 per year. That’s £300 monthly. For new drivers of 18 years of age, the insurance rate per year is £3,000.
3. Nationwide Insurance
Nationwide insurance company is known to be best for drivers who want a mileage-based program. With this insurance cover on your car, you are to pay £4,000 per year if you are a parent seeking to register your 16-year-old. The average cost of insurance coverage for 18-year-olds is £4,000 per year.
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4. Auto-Owners Insurance
Auto-Owners Insurance Company is known for having the best professionals for your car insurance issues. With Auto-Owners Insurance, the average cost of registering a vehicle for a 16-year-old is £5,000 yearly. The average cost of registering the vehicle of an 18-year-old is £4,000.
5. Geico
Geico is best for young car owners who are willing to buy their insurance policy. With Geico, the average cost for parents and 16-year-olds is £4,000. For 18-year-olds, they are required to pay £3,000. Also, with Geico car insurance over your car, the complaint level is average.
How to get cheap car insurance for young drivers
To get cheap car insurance for young drivers, follow these steps:
Step 1. Look out for discounted offers and take advantage of them. Almost every year, car insurance companies may offer discounted services at some time of the year. Look out for these offers and be ready to take advantage of the offers.
Step 2. Don’t go for other extras attached to your car insurance coverage. They may add up to your premium and thus, may become harder to pay.
Step 3. Select annual payment methods. Instead of choosing to pay monthly premiums, annual payment offers you the possibility of paying for a car insurance cover for a year.
Step 4. Before deciding on the car insurance to go for, compare offers by different platforms.
FAQ
What is the cheapest insurance for an 18-year-old?
For an 18-year-old inexperienced driver, the cheapest insurance cover available is the one offered by State Farm. With State Farm, you get a monthly premium of about £100. This is quite cheap compared to what other insurance company offers.
Who typically has the cheapest car insurance?
The cheapest car insurance cover are the ones offered by State Farm, Geico, Nationwide, and Travelers. They are the most common insurance companies known for having affordable premium rates.
Why is insurance so high for 18-year-olds?
Car insurance for 18-year-olds is so expensive because drivers of this age are mostly inexperienced and as such, the potential for accidents may occur. More than any other age range, they have more potential to be involved in a car accident or damage of any sort.
What age is insurance cheapest?
Car insurance is cheapest at age 60. Drivers in this age range are mature and are experienced in driving vehicles in a way that minimal damage would occur. They are involved in less risk than the average drivers.
What age is car insurance most expensive?
Car insurance is most expensive within the age range of 16 – 24. This is because drivers in this age group have a higher probability of being involved in situations that may cause damage to their cars. So, that’s one reason why car insurance is most expensive for this age group.
Conclusion
In getting car insurance for your car, you need to do thorough research about the rates offered by these companies to get the best coverage. It is not just about getting the best car insurance for young drivers under £1000 but getting the best insurance coverage that can be found at that amount.
