Some of the most common choices are GEICO, Allstate, Progressive, and Safeco. You can use the information below to decide which company is best for you. But before you decide, read the policy details carefully. These companies often have special offers, so compare them with other companies to get the best car insurance for new drivers.
Allstate – Best Car Insurance For New Drivers
For example, if you’ve been accident-free for six months, Allstate will send you a check for a $100 discount. For every year you stay accident-free for four years, you can earn another $100 in your collision deductible. While Allstate car insurance is expensive, it is worth the money. To offer the best rates, Allstate also offers a mileage-based discount program.
Drivers who use their phones while driving can enroll in the company’s DriveWise program. By downloading the program, drivers can monitor their speeding, braking, and driving hours. If you meet certain criteria, your insurance rates can be reduced by 10% to 25%. However, this program is not available in every state. For more information, ask your agent. Drivers in New York can enroll in a DMV-approved defensive driving course to receive a 10% reduction in their insurance premiums.
Parents are often surprised by the financial impact of adding a teenager to their family. Adding a teenager to a family policy can lead to a hefty bill. That’s when it’s important to shop around before making a final decision. While Allstate is the most expensive, some people benefit from more comprehensive coverage. If your car is old and worth less consider buying a cheap car insurance policy.
Those who are new to driving can also opt for Allstate’s Good Student Driver Discount Program. It will lower their rates if they have been driving safely for at least three years. Parents may be eligible for a discount if their child has attended an approved driver safety course.
GEICO – Best Car Insurance For New Drivers
A driver living in a small town will have a lower premium than a driver in downtown Miami, which is known for being dangerous to drive. Your credit score, personal driving record, number of drivers on your policy, and how many vehicles you have insured can also affect your premium.
GEICO offers numerous discounts. Some of these include bundling multiple insurance policies, taking driver training courses, and membership in certain alumni or professional organizations. You can also ask your local agent about discounts and programs available to lower your premiums. GEICO also offers emergency road service, which is available for a fee. Coverage includes jump-starts, flat tires, and towing to a repair shop. Lockout services are also available for up to $100.
GEICO offers affordable monthly premiums compared to most competitors. GEICO’s premiums are significantly lower than the average for drivers of various age groups. The average full-coverage policy costs just $98, or $1,175, per month, compared to an average of $94.65 for Progressive. GEICO’s premiums are significantly lower than other major insurance companies. That doesn’t mean you should buy your insurance from GEICO.
Progressive
Looking for a policy with an affordable monthly premium and excellent service, Progressive could be the right choice. The company began targeting high-risk drivers in 1956 and quickly became a popular choice for these drivers. In addition to affordable rates, Progressive stands out for its focus on technology. They were the first major provider to offer an online insurance policy purchase process. For tech-savvy drivers, Progressive also has a Name Your Price(R) tool, which simplifies the process of choosing a coverage amount. Progressive has good financial health and an average expert rating. Their financial strength rating from AM Best is A+, indicating that they are stable. The Better Business Bureau does not rate Progressive.
Besides their great rates, Progressive also offers various discounts for young drivers. This discount is given to families with more than one car or multi-policy. They can get a discount if they are insured for at least one year. Other discounts include good grades, family discounts, and good student discounts. Progressive also offers discounts to drivers who are enrolled in college and maintain a “B” average or better.
Besides having an easy-to-understand policy overview, several discounts are offered by Progressive. A good example is a $0 cancellation fee. By signing up for auto-debit, you can reduce your premiums by as much as 7%. Progressive offers similar discounts as other top insurers but has a better range of payment options. Its Name Your Price tool makes it easy to find coverage within your budget With so many options available, Progressive is sure to have a policy to fit your needs.
Safeco
The company isn’t likely to raise your premiums for your first accident, and the deductibles can get as low as $50. And because Safeco doesn’t raise your premiums after your first accident, you can keep them low for years to come.
You can customize your coverage with Safeco’s new driver’s insurance plan. You can select coverage for bodily injury liability, property damage liability, medical payments, uninsured/underinsured motorist coverage, collision, comprehensive, and more. Accident forgiveness and diminishing deductibles are other benefits of the policy. Safeco’s best car insurance for new drivers is one of the best deals you can find. But, make sure to shop around before choosing a plan.
If you are a new driver, Safeco offers special insurance packages for different types of drivers. For example, if you’re a male driver, Safeco offers a policy that’s best for female drivers, or if you’re a student. This plan can cost you as much as $9,806 per year, which is more than twice as much as the average for your demographic. If you are a good driver, you can get a discount from Safeco.
