The words “bargain” and “insurance” probably shouldn’t be used together, in particular when you are trying to find the best car insurance for 18 year olds. Because it’s not cheap, let’s lead off by showing you some situations that influence insurance rates, and see how we can help you take the sting out of the next policy you buy.
One of the more important factors that are looked at to help calculate insurance cost is the neighborhood you call home. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas that tend to be more rural can boast about having cheaper rates.
The illustration below ranks the most costly cities in Texas for 18 year olds in which to purchase auto insurance. Arlington shows up at #14 with an annual cost of $1,709 for coverage, which is approximately $142 monthly.
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Premium amounts are approximated as vehicle location can increase or decrease premium rates greatly.
The vehicle model driven is a significant factor that determines if you can find the lowest-priced car insurance for 18 year olds. Vehicles with higher performance characteristics, poor passenger safety features, or a track record of large liability claims will cost significantly more to insure than safer, lower-performance models.
The list below estimates coverage costs for a selection of the most budget-friendly vehicles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$3,645|
|Ford Escape XLS 4WD||$3,651|
|Honda CR-V EX-L 4WD||$3,686|
|Hyundai Elantra SE Touring Station Wagon||$3,929|
|Volkswagen Jetta S 2.5 Station Wagon||$3,938|
|Ford F-150 XLT Regular Cab 4WD||$4,082|
|Ford Explorer Eddie Bauer 2WD||$4,089|
|Dodge Grand Caravan SE||$4,082|
|Ford Focus S 4-Dr Sedan||$4,285|
|Toyota Tacoma 2WD||$4,294|
|Toyota RAV4 Limited 4WD||$4,325|
|Jeep Grand Cherokee Laredo 4WD||$4,335|
|Chevrolet Silverado LS Extended Cab 4WD||$4,325|
|Chevrolet Malibu Hybrid||$4,333|
|Chevrolet Equinox LS AWD||$4,325|
|Chevrolet Impala LT||$4,335|
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Prices above based on single male driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in vehicle location which can change premium rates considerably.
Looking at the rates, cars like the Honda Accord, Ford Escape, and Honda CR-V are likely to be some of the less-costly vehicles to insure for teen drivers. Rates will tend to be more expensive because there is more exposure for 18 year olds, but in general those vehicles will most likely have the cheapest auto insurance rates compared to other vehicles.
Get discounts on Arlington car insurance
Insurance companies that provide coverage for 18 year olds could also offer policy discounts that could reduce prices by as much as 40% or more if you meet the requirements. Popular auto insurance companies and some of the discounts are included below.
- Progressive policyholders can earn discounts including online signing, online quote discount, multi-policy, continuous coverage, and good student.
- Farmers Insurance offers discounts for pay in full, alternative fuel, business and professional, multi-car, and distant student.
- Farm Bureau has discounts for multi-vehicle, youthful driver, 55 and retired, multi-policy, and good student.
- State Farm offers premium reductions for driver’s education, multiple policy, passive restraint, Drive Safe & Save, and student away at school.
- GEICO may offer discounts for good student, driver training, defensive driver, membership and employees, and anti-theft.
- SAFECO offers discounts including anti-lock brakes, teen safe driver, anti-theft, accident prevention training, multi-car, and drive less.
- Liberty Mutual may have discounts that include preferred payment discount, newly married, new vehicle discount, new move discount, and newly retired.
The information below visualizes the comparison of auto insurance rates with and without some available policy discounts. The information is based on a male driver, no violations or claims, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, anti-theft, paperless filing, paid-in-full, continuous coverage, and good student discounts applied. With discounts applied, the average amount saved each year on auto insurance for 18 year olds is 28% or $689.
The illustration below shows how choosing a deductible can influence annual premium costs when quoting cheap insurance for 18 year olds. The price estimates are based on a married male driver, full coverage, and no other discounts are factored in.
As shown above, a 30-year-old driver could cut expenses by $410 a year by changing from a $100 deductible up to a $500 deductible, or save $620 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old, have the ability to save up to $1,240 or more just by choosing higher deductibles. If you do make the decision to raise your deductibles, it is a good idea to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.
Low rates today, overpriced tomorrow
Texas auto insurance rates are impacted by many things which can significantly increase or decrease the price you pay. Simply having another birthday, getting divorced, or getting a few speeding tickets may cause policy rate changes resulting in some rates now being cheaper than competitors.
Not only may your risk profile change, but auto insurance companies amend premium rates as needed in order to maintain liquidity for claims. Higher than normal claim frequency or severity can cause price increases, while lower claim expenses can cause lower-priced Arlington car insurance rates.
To illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Arlington, TX for a 40-year-old male driver with no accidents, a clean driving record, and a high credit rating. When comparing rates based on his personal profile, Travelers quotes the most affordable car insurance rates in Arlington at $1,161 each year. This is $743 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the most affordable Arlington, TX auto insurance companies.
Now let’s give the driver in the first chart an accident surcharge, less-than-perfect credit, and a few traffic violations. Because each insurer uses a different method for setting rates, comparing rates may now present a different list of the cheapest companies as shown below.
State Farm now has the best price in Arlington, TX with Mercury, Nationwide, Safe Auto, and USAA also being competitive. This illustrates why Texas drivers need to compare many different companies when trying to find affordable insurance quotes for 18 year olds.
Insurance rates are influenced by many things and can increase or decrease at any time, so the lowest-price company three years ago may now be quite expensive.
How to find economical car insurance for 18 year olds
The list below shows some of the recommended thrifty ideas that can help Arlington drivers quote lower-cost coverage.
- Drive a car with a high safety rating
- Just one traffic violation will increase your rates
- Higher comprehensive and collision coverage deductibles will save money
- Improve your credit
- At-fault accidents will increase rates
- Shop around for cheaper prices often
That last tip is remarkably significant, as we stressed in the prior article. Rates in Arlington fluctuate constantly, so drivers shouldn’t hesitate to change insurance companies if a better deal can be had.
Brand loyalty is not necessarily bad, but it’s not a great idea if your bullheadedness ends up costing you potentially thousands of dollars a year. It takes less than five minutes to compare prices to find cheaper car insurance for 18 year olds.
If you would rather get some professional advice when comparing insurance rates for teen drivers, the agents listed below can help you make a decision which coverages and limits you need. To find an Arlington insurance agency close to you, click the link after the list.
Gloria LeGrand – State Farm Insurance Agent
1396 W Mayfield Rd #110 – Arlington, TX 76015 – (817) 465-9191
Shane Ferrell Insurance Agency
3926 W Pioneer Pkwy – Arlington, TX 76013 – (817) 635-4663
Boswell and Visosky Insurance
1201 Road To Six Flags # 101 – Arlington, TX 76011 – (817) 261-9594