How much does car insurance typically cost for an 18-year-old?
The cost of car insurance for an 18-year-old can vary depending on factors like driving record, location, and the type of coverage needed. On average, young drivers usually pay higher rates due to their limited experience on the road. A rough estimate for a basic policy could be around $300 to $800 per month on their own policy or an additional $100 to $300 a month on an existing policy (like their parent’s). It’s important to shop around and compare quotes to find the best deal. Some companies offer discounts for good grades or completing driver’s education courses which can help lower the cost.
