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What insurance company is cheapest for young drivers? Cheapest Car Insurance for Year-Old Teens – National At a state level, GEICO and Allstate are still your best bet for affordable coverage for a year old teen. GEICO is the cheapest company in 20 states and Allstate is the cheapest in With an average rate of just $ per year (a savings of about $ or 20% compared to the next cheapest company), this insurance company has the lowest premiums for nearly every driver. The national average cost of full coverage car insurance is $1, per year – however, young drivers will likely pay significantly more for their auto insurance. The premiums below are the.
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