How much does car insurance cost for an 18-year-old male driver?
I'm an 18-year-old male who just got his first car. How much should I expect to budget for car insurance per month?
“As a teenager, you’re perceived to be a higher risk to insurance companies. As a result, you’ll pay more than older drivers. However, your car insurance rate will also be affected by other factors, such as geographic location and past driving history.
To save money, try to get on your parents’ insurance policy and ask your car insurance provider about good student discounts.
Because of all these determinants, pinpointing an exact price is difficult, but the average cost of car insurance nationally for an 18-year-old is about $160 per month.”
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