The words “bargain” and “insurance” really shouldn’t be used in the same sentence, in particular when you are shopping around for the lowest insurance prices for 17 year olds. Because it’s not cheap, let’s learn about some of the factors the can have a considerable influence on auto insurance rates, and see how we can help you slash the price of your next policy.
For teen drivers, one of the big things that help determine the annual cost of car insurance is the neighborhood you call home. Cities with larger populations tend to pay more, whereas less populated areas have the enjoyment of a little cheaper coverage.
The information below shows the priciest cities in Texas for 17 year olds to purchase a policy in. Arlington ranks #15 with a yearly premium of $1,692 for the average insurance policy, which is approximately $141 monthly.
|Rank||City||Average Per Year|
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Rate quotes are comparative as specific Arlington zip code can raise or lower prices significantly.
Finding decent, cost effective car insurance is confusing at best, and deciding which company offers the cheapest insurance rates for 17 year olds takes a bit more work. Each auto insurer has a unique approach for determining rates, so let’s take a look at the most competitive insurance companies in Texas.
Compare Cheap Insurance Quotes for Teens
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers offers some of the lowest car insurance rates in Arlington at around $1,052 annually. This is $852 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the more affordable Arlington, TX car insurance companies.
As illustrated above, if you are a policyholder with Texas Farm Bureau and switched to Travelers, you could earn savings of in the neighborhood of $147. Policyholders with Germania Mutual could save as much as $230 a year, and Esurance insureds might cut rates by $327 a year.
Bear in mind that those rates are averaged for all insureds and vehicles and are not factoring in an exact location for 17 year olds. So the insurer that can offer you the best rate may not even be in the top 23 companies in the list above. That emphasizes why you need to get rate quotes using your own specific driver and vehicle information.
The vehicle model you are buying coverage for is probably the largest consideration when comparing cheaper auto insurance for 17 year olds. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models. The information below showcases auto insurance costs for a handful of the cheapest vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$3,867|
|Honda CR-V LX 2WD||$3,876|
|Ford Escape Limited 4WD||$4,162|
|Hyundai Elantra SE Touring Station Wagon||$4,171|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$4,295|
|Honda Odyssey EX||$4,549|
|Ford Edge SE AWD||$4,557|
|Jeep Grand Cherokee Laredo 2WD||$4,591|
|Chevrolet Equinox LT AWD||$4,596|
|Chevrolet Impala LT||$4,591|
|Ford Fusion S 4-Dr Sedan||$4,596|
|Toyota RAV4 Sport 4WD||$4,591|
|Volkswagen Jetta LE 4-Dr Sedan||$4,599|
|Chevrolet Malibu Hybrid||$4,591|
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Data variables include single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in specific garaging location which can modify premium rates greatly.
Looking at the numbers, you can figure that vehicles like the Honda Accord, Honda CR-V, and Ford Escape are most likely going to be the cheaper vehicles to insure for teen drivers. The price of auto insurance will be higher anyway because there is more risk for 17 year olds, but overall those makes and models will probably have the least expensive rates that you’ll find.
Discounts on Arlington insurance rates
Insurance companies that sell policies for 17 year olds may have special discounts that could potentially reduce rates by as much as 30% if you meet the requirements. A list of companies and some of the premium reductions they offer include:
- GEICO includes discounts for good student, anti-theft, multi-policy, anti-lock brakes, military active duty, and five-year accident-free.
- USAA has savings for defensive driver, multi-policy, vehicle storage, loyalty savings, military installation, safe driver, and family discount.
- Progressive may offer discounts for online quote discount, homeowner, multi-vehicle, online signing, continuous coverage, good student, and multi-policy.
- American Family discounts include good driver, early bird, air bags, mySafetyValet, defensive driver, Steer into Savings, and bundled insurance.
- Esurance offers premium reductions for DriveSense, good driver, anti-theft, emergency road assistance, Pac-12 alumni, renters, and good student.
- Farmers Insurance offers discounts for early shopping, teen driver, bundle discounts, business and professional, switch companies, and youthful driver.
- State Farm offers discounts including good student, multiple policy, safe vehicle, student away at school, and Steer Clear safe driver discount.
The illustration below shows the comparison of car insurance rates with and without policy discounts. Data assumes a male driver, no tickets, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, good student, paperless filing, continuous coverage, vehicle safety, and paid-in-full discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for 17 year olds is 28% or $957.
Safe drivers Arlington pay cheaper rates
The easiest way to enjoy the cheapest insurance prices in Arlington for teen drivers is to pay attention while driving and not have accidents or get tickets. The illustration below shows how traffic citations and at-fault collisions can drive up insurance premiums for different insured age categories. The premiums assume a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of car insurance per year with no accidents and a clean driving record is $2,159. Receive two speeding tickets and the average cost surges to $2,847, an increase of $688 each year. Now add in two accidents along with the two speeding tickets and the 12-month cost of insurance for 17 year olds goes up to an average of $5,698. That’s an increase of $3,539, or $295 per month, just for not being more responsible behind the wheel!
The importance of comparing Arlington car insurance rates
Arlington, TX insurance rates are impacted by many things that control the price of coverage. Improving your credit rating, increasing deductibles, or getting a few speeding tickets can produce rate changes resulting in some rates now being much cheaper than others. Not only may your risk profile change, but insurers change the rates they charge in Texas multiple times each year in order to offset underwriting gains or losses. An extended period of higher than normal claims can cause higher priced premiums, while a profitable period can produce lower-priced Arlington car insurance rates.
To illustrate this point, the bar chart below compares the cheapest car insurance in Arlington, TX for a 30-year-old male driver with no prior accidents, a clean driving record, and a decent credit rating. When comparing rates based on his current situation, Travelers has the cheapest car insurance rates in Arlington at $1,160 each year. This is $744 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the cheapest Arlington, TX auto insurance companies.
In the next rate comparison, we’ll give the driver in the first chart an accident claim, less-than-perfect credit, and an imperfect driving record. Because every insurance company has a different formula to set premium rates, analyzing rate quotes most likely will result in a completely different list of the cheapest car insurance companies in Arlington as shown below.
State Farm now has the cheapest auto insurance in Arlington, TX with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This illustrates why Arlington drivers need to compare rates when trying to find the most affordable insurance rates for 17 year olds. Insurance prices can be determined by many risk factors and can increase or decrease at any time, so the best option a year ago may now be priced much higher than other options.
How to find more affordable insurance for 17 year olds
The list below summarizes a few penny-pinching ideas that can help Texas drivers find low-cost auto insurance.
- Drive safe vehicles
- Save money by observing traffic laws and speed limits
- If your vehicles are older, consider dropping full coverage
- Good credit can save money
- Accidents can significantly increase rates
- Higher comprehensive and collision coverage deductibles will save money
- Shop around and save
That last piece of advice is extremely valuable, as we pointed out in the prior information. Insurance rates can change significantly in a year, so don’t be afraid to buy from a different company if you can find a cheaper rate.
Having a favorite company is fine, but is isn’t recommended if that stubbornness costs you thousands of dollars over several years. In less than five minutes you could compare prices to find cheaper insurance for 17 year olds in Arlington.