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If you drive a car, you need auto insurance. Every state requires that you purchase at least a minimal amount of liability coverage, in order to ensure that, if you damage someone else’s property while operating your car, some of that is at least taken care of.
Unfortunately, young drivers pay more for car insurance because you have limited driving experience. Although car insurance rates are highest for teenagers, young adult drivers often pay more for insurance until they are 25 or 26—or even up to 30. The only way to know which insurance companies are best for young adults is to compare competing quotes from a handful of auto insurance companies—every car insurance company prices their policies differently.
Also, the right auto insurance policy for you depends on a number of factors other than price—from how much coverage you want/need to what’s available in your state.
Let’s take a look at the best car insurance for young adults:
Liberty Mutual
Liberty Mutual has some of the best agents and customer service in the industry and was voted 2nd for customer satisfaction in a 2012 study by J.D. Powers. Although agents typically parter with community organizations and employers to sell policies, anybody can get a quote and a policy from Liberty Mutual. Two features in particular make them a company to put at the top of your list for consideration:
Accident forgiveness, which means your rates won’t go up after one claim.
New car replacement: If you purchase a brand new car and are in a crash within the first year, most insurance policies will only pay out the depreciated value of the car which can be thousands less than you just paid for the car. New car replacement with Liberty Mutual ensures that you’ll get enough money to buy the same new car again.
Esurance
Not too long ago, Esurance was bought by Allstate. The insurance company, long known for offering low quotes online is now backed by one of the most-known players in the insurance business. It’s easy to get a quote online, or reach the 24/7 toll-free customer service line. Esurance also makes it easy to manage your auto insurance policy and your claims online.
Discounts available through Esurance include its Fast 5, where you can save just for getting an online quote, as well as a multi-policy discount, multi-vehicle policy discount, and the Switch & Save, which gives you a premium reduction for moving from another insurance company.
Esurance also offers discounts for being an alumni of a Pac-12 school, purchasing emergency road assistance from a third party, good driving, good grades, anti-theft devices, and more. Esurance’s focus on online servicing reduces rates, making it an especially good good car insurance pick for young adults.
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