Cheap car insurance for 18 year old car driver

The average hourly wage was $25.89, compared with $25.27 a year earlier, according to the Bureau of Labor Statistics. The average annual car insurance cost for a sedan was $1,222 in 2015, which means the average worker can buy a year's car insurance after working about 47 hours.

However, the average teenager earns much less than the average hourly wage. The median minimum wage in the state as of July 2015 was just $7.92 an hour. Teenagers pay much more for insurance because they are considered riskier than more experienced drivers. The average cost for annual basic coverage was $841, based on rates received from national auto insurance companies. At these averages, 106 hours of work would be required for a year of National Minimum Liability Insurance.

An inexpensive car is still a huge expense for the 4 million or so Americans working for minimum wage. But it poses a big problem for young drivers in Rhode Island and New Hampshire as they work nearly three times as long as their counterparts in Illinois to buy liability insurance that meets the state's minimum requirements, according to CarInsurance.com analysis. for car insurance.

Both wages and auto insurance rates can vary greatly, so affordability was calculated by comparing the minimum cost of auto insurance to the minimum wage in each state. Young drivers are hit hardest in Rhode Island and New Hampshire, with the cheapest insurance policy taking 174 hours to purchase. A young driver finds much cheaper insurance in Illinois - it takes only 56 hours of work for a year of liability insurance.

Car insurance cost for 18 year olds

States are ranked by the number of hours it takes to buy coverage, comparing their cheapest car insurance for 18-year-olds to their minimum wage.

Rates are compared using the state's cheapest zip code for a young driver with a clean record, good credit history, and previous parent's policy insurance. The typical driver is 18 years old, male, and owns a car that looks like a 1997 Ford Taurus. This data is not accurate for every 18 year old, but it does give a good idea of ​​the financial struggles faced by teens who depend on their car to get to school or work.

What does an 18-year-old boy pay for the state minimum liability
Rank	Area	Postcode	Annual value of liabilities	Minimal salary	Shopping hours
1	Illinois	61761	$459	$8.25	56
2	North Carolina	28778	$419	$7.25	58
3	Iowa	50010	$419	$7.25	58
4	Nevada	89427	$492	$8.25	60
5	Missouri	65101	$458	$7.65	60
6	Indiana	47905	$462	$7.25	64
7	California	93441	$602	$9.00	67
8	New Mexico	88310	$557	$7.50	74
9	New York	14580	$669	$8.75	76
10	Montana	59602	$625	$8.05	78
11	Connecticut	06498	$728	$9.15	80
12	Nebraska	68504	$662	$8.00	83
13	Pennsylvania	16823	$611	$7.25	84
14	Washington	99163	$795	$9.47	84
15	Kansas	67401	$625	$7.25	86
16	Vermont	05446	$826	$9.15	90
17	Florida	32669	$755	$8.05	94
18	Mississippi	39759	$688	$7.25	95
19	Tennessee	37686	$721	$7.25	99
20	Wisconsin	53081	$727	$7.25	100
21	Arizona	86426	$805	$7.25	100
22	Арканзас	72768	$751	$7.50	100
23	Wyoming	82007	$732	$7.25	101
24	Alabama	36543	$759	$7.25	105
25	Georgia	31601	$763	$7.25	105
26	Virginia	22652	$787	$7.25	109
27	Idaho	83712	$791	$7.25	109
28	Texas	76306	$802	$7.25	111
29	Colorado	80525	$916	$8.23	111
30	Louisiana	71021	$811	$7.25	112
31	Oregon	97330	$1,060	$9.25	115
32	Utah	84772	$848	$7.25	117
33	Minnesota	56003	$939	$8.00	117
34	Maryland	21780	$1,049	$8.25	127
35	Южная Каролина	29692	$943	$7.25	130
36	Maine	04105	$1,039	$7.50	139
37	Oklahoma	74003	$1,019	$7.25	141
38	Michigan	49866	$1,204	$8.15	148
39	Delaware	19939	$1,327	$8.25	161
40	Ohio	44833	$1,330	$8.10	164
41	Kentucky	41075	$1,227	$7.25	169
42	West Virginia	25427	$1,370	$8.00	171
43	New Jersey	07933	$1,446	$8.38	173
44	NH	03303	$1,261	$7.25	174
45	Rhode Island	02842	$1,569	$9.00	174
*	Alaska	99829	$8.75
*	Hawaii	96722	$7.75
*	Massachusetts	02158	$9.00
*	North Dakota	58285	$7.25
*	North Dakota	57069	$8.50
*	Washington, DC	20006	$10.50
national average	$841	$7.92	106
*Data not available or not available at time of publication All data taken from http://www.carinsurance.com/state/Illinois-car-insurance.aspx

Is cheaper car insurance available for young drivers?

C insurance quotes have more to do with the driver than with the car and the perceived risk they represent. Here are the important factors that insurance companies consider before offering you a quote:

• Your driving history: More than one violation or accident increases the cost of insurance.

• Your credit: If it's low, you're considered a higher risk claim and charged more in many states.

• Your mileage: The less you drive, the less risk you have of hitting someone.

• Your insurance history: If you let your policy expire, even for a few days, you will pay more.

• Your Vehicle: If your vehicle has a significantly higher claim rate than most others, your liability rates will reflect that risk.

Remember that no two insurance companies offer the same rates, and even policies with minimum national insurance premiums can differ by hundreds of dollars a year. Whether you're a parent or a teenager, it's worth researching and comparing insurance offers to help you make the best choice.

This article is adapted with the approval of carinsurance.com: http://www.carinsurance.com/Articles/10-factors-that-affect-your-car-insurance-rates.aspx.