ST. PETERSBURG, Fla., Oct. 28, 2026 /PRNewswire/ — Quote.com recently published a report on teen car insurance rates. Geico offers the best average premiums for young drivers at $153 a month.
Teen drivers have higher driving risks than any other age group and pay the highest rates because of it. However, with discounts and experience, teens can expect rates to decrease.
Top 10 Insurance Companies for Teens
Geico has the lowest average rates, but several companies offer competitive rates. The following are the top 10 companies for teen drivers and their average monthly premiums:
- Geico – $153
- State Farm – $178
- Auto Owners – $223
- Nationwide – $229
- American Family – $253
- Allstate – $318
- Farmers – $387
- Liberty Mutual – $398
- Progressive – $400
- Travelers – $443
Even though Travelers’ rates are almost triple Geico’s, these are averages, and individual quotes may be much closer. Melanie Musson, a nationally recognized car insurance expert with Quote.com, reminds readers, “Car insurance quotes are highly individualized. Averages provide a rough idea, but personalized quotes are accurate.”
Discounts for Teen Drivers
Even though car insurance rates are expensive, discounts can help them become more affordable. State Farm offers up to a 35% discount for good students, and Liberty Mutual offers up to a 25% discount for students away at school.
All 10 companies listed above offer a good student discount. These discounts are typically reserved for high school and college students who earn a 3.0 grade point average.
Each of the 10 companies also offers an away-at-school discount. It’s available for students who leave their car at home and attend college at least 100 miles away.
Rate Variances for Teen Drivers
Rates are higher for full coverage insurance than liability-only coverage. In the 10 companies Quote.com compared, full coverage rates were more than double liability rates at each company.
Teen females pay less for coverage than teen males. Young male drivers are more likely to be involved in a crash than young female drivers. In most states, teenage males pay significantly more than teenage females.
Driving records also impact premiums. If a new driver gets into an accident, gets a ticket, or is convicted of a DUI, their premiums can increase significantly.
Read Quote.com’s entire report here: Cheap Auto Insurance for Teens.
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SOURCE Quote.com
