Finding the cheapest car insurance for your teen driver is tremendously important. Since teenagers are inexperienced drivers, they’re considered very risky to insure, and policies can cost thousands of dollars a year. Typically it’s a lot cheaper to include your teen daughter or son on your policy than it is to purchase a separate policy, because you’ll benefit from multi-driver discounts. And the best way to find the cheapest coverage is to shop around and get quotes from multiple companies.

To give you a sense of how much car insurance costs when you add a teen driver to your policy and how much prices vary, NerdWallet looked at car insurance rates in the 10 largest states in the U.S. by population for married 50-year-old couples with and without teenagers. We examined rates among some of the largest companies and averaged prices from every ZIP code in each state for both 18-year-old men and women on their parents’ policies.

To determine the cheapest insurers for teen drivers, we looked at large companies that are available in many states and can serve the most consumers.

The five largest private auto insurance companies in the country are Allstate, Geico, Progressive, State Farm and USAA. However, USAA insures only active military members, veterans and their families — so the rest of us need to choose a different company.

We’ve ranked the largest companies, excluding USAA, from cheapest to most expensive based on average annual prices.

  1. State Farm had an annual rate of $2,539 for couples with a daughter and $2,761 for couples with a son, on average.
  2. Geico had an annual rate of $2,599 for couples with a daughter and $2,871 for couples with a son, on average.
  3. Allstate had an annual rate of $3,031 for couples with a daughter and $3,299 for couples with a son, on average.
  4. Progressive had an annual rate of $3,328 for couples with a daughter and $3,678 for couples with a son, on average.

NerdWallet found rates for each of these large companies in all 10 states, with one exception: This analysis doesn’t include rates for Progressive in California.

Being large doesn’t make these better — smaller statewide and regional insurers often have the cheapest rates in their area. That’s why it’s also helpful to see which is the cheapest in each state we analyzed, even if you don’t live in one of them.

Additionally, even though State Farm was cheaper for families, Geico was cheapest among large companies for couples without a teen driver — by more than $200 per year, on average. It just goes to show that shopping around for insurance quotes can really pay off, especially when something important changes, like the drivers on your policy.

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