what is the cheapest car insurance for young drivers ?

The mandatory Third-party Car Insurance is considered to be the cheapest car insurance amongst all types. Third-party motor insurance is mandatory as per the Motor Vehicles Act, 1988. It is liability insurance that provides the owner of the automobile protection against the claims of another party. Third-party insurance guarantees only a basic level of protection to the insured. That's why its premium is affordable as compared to other insurance policies.

We found that the least expensive car insurance for young drivers is offered by Erie Insurance. On average, Erie's insurance prices were $2,411, which is 3.2 times less costly than the national average of $7,689. The second least expensive insurance company was The city, that provided a mean annual rate of $2,969 for young drivers.