When it comes to insurance, there's something to be said about the driving experience. Insurance companies use factors such as accident statistics when citing rates for young drivers, and the younger the driver, the more likely they are to have an accident. So, 19-year-olds pay higher rates than many older drivers, but there are still some strategies you can use to save money. As mentioned above, the best car insurance for a 19-year-old will vary based on many factors.
That's why it's important to compare quotes if you can. That way, you'll understand your options and be better prepared to choose the best policy for you. According to MoneyGeek studies, doing so can reduce costs by nearly 50% per year. As with any driver, having accidents and fines on your driving record will increase costs.
It's especially vital that 19-year-old drivers maintain a clean driving record if they want to keep their rates as low as possible. Younger drivers don't have the benefit of a long, proven driving record that will help them save money on car insurance. This means that insurers use the average driving statistics of 19-year-olds to estimate how likely those drivers are to have an accident. And unfortunately for those drivers, the statistics are less lenient than for drivers in their twenties.
Overall, statistics indicate that drivers tend to have fewer accidents as they age. Therefore, a 16-year-old is more likely to have an accident than a 19-year-old, while someone in their early twenties is less likely to have an accident than any of the younger drivers. On average, younger drivers are at greater risk of accidents. Therefore, limiting mileage for younger drivers can result in safer driving and, consequently, cheaper car insurance for a 19-year-old driver.
Younger drivers are going to be a riskier bet for insurance companies, and that tends to increase costs. At age 19, many drivers have at least a few years of road experience, which is reflected in the average cost of car insurance for this age group. If managing your car insurance through your mobile phone is a priority, AutoOwners may not be the best option, since you can't file a claim through their app. Car insurance companies can use more than a dozen factors to determine how much to charge you for coverage, and your driving record is one of the most important.
The best car insurance for a 19-year-old will provide you with a combination of strong coverage and affordability. For example, sports and luxury cars are often at the higher end of the spectrum to ensure that a Mustang typically costs more than a Camry. Because of the lack of a long-term driving history, auto insurance companies often consider it dangerous to insure young drivers, including those under 21 years old. However, car insurance for 19-year-olds is still cheaper than 16, 17, or 18 year olds.
For more information, see WalletHub's guides on how to eliminate optional coverages and penalties for driving without insurance in Michigan. Insurance coverage for young drivers is higher than for older, more experienced drivers because of the risk that insurance companies see in having an inexperienced person behind the wheel. One of the factors that insurance companies consider when setting rates is the type of car being insured. Other ways to reduce car insurance costs include driving at the speed limit and putting your phone away while driving.
Some discounts on car insurance can help 19-year-olds lower their rates, especially if they are still students. To help drivers find the right coverage, Bankrate insurance experts compared quotes and policies from various providers to evaluate some of the best car insurance options for 19-year-old motorists. Most auto insurance companies look at the make and model of your vehicle, driving history, claim history, zip code, and other factors to determine your premium.