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Cheapest Car Insurance for Families with Teen Drivers

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Written by:

Laura Berry

Former Insurance Agent

Former Insurance Agent

Reviewed by:

Joshua Adamson

Joshua is a copywriter at Obrella who for more than 10 years has been creating content about insurance, health care, and more. He helps companies explain complex insurance subjects in simple ways so that customers can make smart buying decisions. He spends way too much time binge-watching Netflix, loves the outdoors and has a cat who tolerates him.

UPDATED: Dec 11, 2023

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Having a family can be expensive. That’s why we did the research to find the companies with the cheapest car insurance for teen drivers and their families. Here are the best companies for you and your young drivers based on average premiums and discounts.

If you’re curious about companies with the best insurance for teen drivers based on other incentives like safety programs, check out our guide to the cheapest auto insurance for teens.

Coming in to top our list of the most affordable insurance company for families who have a teen driver on their policy is USAA. More info...

GEICO is one of the biggest auto insurance providers in the country.  And with annual premiums, for a one-car family, being on average $1.675.21*, it's the 2nd cheapest for families with teen drivers. More info...

Being only a dollar more expensive a year than GEICO, we've given Travelers the bronze medal for most affordable car insurance for families with teen drivers. More info...

State Farm is the largest provider of auto insurance coverage for drivers across the country–it's also the fourth most affordable if you have teen drivers on your policy. More info...

#1 - USAA

Car insurance for teens doesn’t have to be expensive. Coming in to top our list of the most affordable insurance company for families who have a teen driver on their policy is USAA.  With annual premiums roughly 37% cheaper than the average of the cheapest 15 companies, customers on average pay only $1,239.93 a year.  It also provides tailored discounts for your teens, regardless if they are just learning or have been on the road for a year or two. To top it off even more, it scores high in customer service–making it a great fit.

The one catch is that USAA’s auto insurance is only available to military members and their immediate families, so it may not be an option for you.

#2 - Geico

GEICO is one of the biggest car insurance companies in the country.  And with annual premiums, for a one-car family, being on average $1.675.21, it’s the 2nd cheapest for families with teen drivers.  Since the number one spot in our top 15 sells exclusively to military members, GEICO is the most affordable teen car insurance option for the majority of families.

Originally created to provide insurance to government and military workers, GEICO offers additional saving options you can take advantage of if you fall into this category. See how GEICO can save you and your family on auto insurance with teen and adult driver discounts.

#3 - Travelers

Being only a dollar more expensive then GEICO, we’ve given Travelers the bronze medal for most affordable car insurance for families with teen drivers.  Depending on where you live, your driving record, and age of your teens though it may be the cheapest option.  Find out if thats the case in our full review of its auto insurance coverage.

In its 150 years in business, Travelers Insurance has been a trusted provider of all types of insurance.  And thanks to a number of discounts it offers specifically for teens, it’s icing on the cake that it’s also one of the cheapest options for families with teen drivers when it comes to auto insurance.

Car Insurance Discounts For Teens

#4 - State Farm

State Farm is the largest provider of auto insurance coverage for drivers across the country–it’s also the fourth most affordable if you have teen drivers on your policy.  According to our research, its average rates are $1,710.99, but you can save even more with the variety of discounts its designed specifically for teen drivers and incentives for adults too. Here are a number of its discounts for every member of the driving family.

Top 10 Cheapest Auto Providers For Families With Teen Drivers

The list doesn’t stop there. We were able to find the top 10 cheapest car insurance companies for families with teen drivers. See for yourself who rounds out numbers five through 10:

Your auto insurance policy decision is ultimately up to you. We’re just here to give you all the information you need to make the best decision. When you’re ready to purchase a car insurance policy, remember that it’s wise to call around to at least three different carriers so that you get the best rate and coverage possible. Quote processes are usually only 7-15 minutes, and in the long run, an hour of your time could save you a lot of money on your teen’s auto insurance policy!

Fact-Checker To come up with these average premiums for families with teen drivers, we looked at companies that provide rates for families who had at least one teen driver on their policy. While some companies had different numbers when it came to how many cars and teens were insured, we evened the playing field by bringing it down to one. These numbers were pulled from state department of insurance’s across the country.

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Obrella.com is a free information resource designed to help consumers find insurance coverage. This data has been compiled from government, non-profit, and private sources. The rates provided are for informational and comparative purposes only, and should not be construed as endorsements. To get specific plan details, consumers should contact the provider directly.

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