Car insurance rates for young drivers

 · Below are the average annual auto insurance premiums for young men and women: year-old drivers: $ for men and $ for women. year-old drivers: $ for men and $ for women.  · Geico is one of the cheapest insurers for our young adult driver profiles. Though everyone's rates may vary based upon numerous factors, our study shows a young adult male driver can expect to pay Author: Cherise Threewitt. 6 rows ·  · 7%. Age and gender are major factors insurers use to determine auto insurance rates at any Estimated Reading Time: 9 mins.

A male young adult driver could expect to pay $1, per year for their car insurance policy through USAA. Our data shows a female at this age has an average rate of $1, per year. When a teen driver is added to an existing policy, car insurance rate premiums shoot up by around to % and can rise an additional 20 to 40% if that young driver has a car accident or gets a. 7%. Age and gender are major factors insurers use to determine auto insurance rates at any.

Whether a car is old or new, having a car insurance policy is a necessity. Sometimes used cars are purchased from individuals rather than dealerships, which can require more of the buyer’s participation in the process of transferring the ti. Thanks to the innovations of manufacturers like California-based Tesla Inc., electric cars have come a long way over the last decade. The success of Tesla’s early models such as the Tesla Roadster and the Model S led to a collective shift i. Insurance companies charge significantly higher rates for car insurance where teen drivers are involved — and boys have to shell out more than girls. Teenage auto insurance rates can make a family’s policy go up by anywhere from 50 percent.