The words “low-priced” and “insurance” really should not be used together, in particular when shopping around for the best price on coverage for drivers under 21. To help control this cost, let’s teach you a few of the factors that impact insurance rates, and see if we can help you cut the cost of the next policy you buy.
For minors, one of the big factors that are looked at to help calculate the cost of insurance is your zip code. Larger areas tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.
The next table ranks the most expensive places in Texas for drivers under 21 to buy an auto insurance policy in. Arlington ranks #15 with the annual price of $1,709 on average, which is approximately $142 monthly.
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Information shown are comparative as the specific geographic location can modify rates greatly.
The car, truck, or SUV that is being insured is probably the largest consideration when shopping for the best auto insurance for drivers under 21. Vehicles with lower performance, a plethora of safety features, or a low likelihood of having liability claims will cost significantly less to insure than high performance models.
The table below features auto insurance rates for a selection of the most cost-effective automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$3,420|
|Honda CR-V EX 4WD||$3,457|
|Ford Escape Limited 4WD||$3,687|
|Ford F-150 STX Regular Cab 2WD||$3,789|
|Dodge Grand Caravan CV||$3,826|
|Ford Focus SE 4-Dr Sedan||$4,019|
|Toyota RAV4 Limited 4WD||$4,056|
|Volkswagen Jetta LE 4-Dr Sedan||$4,066|
|Chevrolet Impala LT||$4,056|
|Chevrolet Malibu LS||$4,066|
|Chevrolet Equinox LS 2WD||$4,056|
|Ford Explorer Limited 2WD||$4,093|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$4,209|
|Ford Edge Sport AWD||$4,288|
|Honda Odyssey EX-L||$4,294|
|Toyota Corolla XLE||$4,288|
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Above prices assume single female 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. Estimates do not factor in Arlington, TX location which can alter coverage prices greatly.
Based upon the rates shown, we can presume that vehicles like the Honda Accord, Honda CR-V, and Ford Escape are most likely to be the cheaper vehicles to insure for minors. Car insurance rates will trend higher just due to the fact that there is more liability exposure for drivers under 21, but generally speaking those particular models will tend to have the best rates available.
Discount Arlington insurance rates
Insurance companies that offer cheap quotes for drivers under 21 may provide policy discounts that may potentially lower prices by as much as 25% or more if you meet the requirements. A list of companies and a partial list of their discounts are outlined below.
- GEICO has savings for good student, daytime running lights, seat belt use, multi-policy, multi-vehicle, and federal employee.
- MetLife may include discounts for defensive driver, good driver, multi-policy, good student, claim-free, and accident-free.
- State Farm has discounts for accident-free, passive restraint, multiple autos, Steer Clear safe driver discount, driver’s education, good student, and anti-theft.
- Progressive policyholders can earn discounts including online signing, multi-policy, good student, continuous coverage, multi-vehicle, and homeowner.
- Mercury Insurance offers discounts for good student, multi-policy, professional/association, type of vehicle, and location of vehicle.
- 21st Century offers discounts including student driver, defensive driver, theft prevention, homeowners, and early bird.
- Allstate may offer discounts for auto/life discount, eSmart discount, anti-lock brakes, passive restraint, and senior citizen.
The illustration below illustrates the difference between auto insurance rates with and without some available policy discounts. The price estimates are based on a male driver, no accidents or driving violations, Texas state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with continuous coverage, vehicle safety, anti-theft, passive restraint, paperless filing, and good student discounts applied. When discounts are factored in, theaverage yearly reduction on car insurance for drivers under 21 is 28% or $689.
How much more does full coverage cost?
Paying a lower price for car insurance is probably important to most drivers, and one of the fastest ways to pay lower rates for insurance for drivers under 21 is to not buy full coverage. The diagram below shows the difference between yearly insurance costs with full physical damage coverage and with liability coverage only. The prices are based on a clean driving record, no claims, $500 deductibles, drivers are single, and no additional discounts are factored in.
If averaged for all ages, physical damage insurance costs an additional $2,431 per year more than insuring for liability only. Lot’s of drivers question if it’s a good idea to buy full coverage. There is no set guideline that is best for determining when to drop full coverage, but there is a general convention. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
Why are you paying too much for car insurance?
Arlington car insurance rates are based on many factors which can significantly increase or decrease the policy price. Simply having another birthday, moving to a new city, or getting a ticket for careless driving can trigger rate changes resulting in some companies being much cheaper than others.
Not only may your risk profile change, but insurance companies change the rates they charge in Texas as often as every three months to ensure their profitability. Heavier than normal losses may cause higher prices, while lower claim expenses may cause lower-priced Arlington car insurance rates.
The data below shows the companies that have the cheapest car insurance in Arlington, TX for a 40-year-old male driver with no accidents or violations, and a high credit rating. Based on his personal profile, Travelers offers the most affordable car insurance rates in Arlington at $1,208 a year. This is $696 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the best Arlington, TX auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison an accident surcharge, a lower credit rating, and a stop sign violation. Due to the fact that each insurance company has their own guidelines to determining premium rates, comparing rates will most likely result in a significantly different list of the cheapest car insurance companies in Arlington as shown below.
State Farm now has the best price on car insurance in Arlington, TX with Mercury, Safe Auto, Nationwide, and USAA also having competitive pricing. This demonstrates why it is critical to compare lots of rates when trying to find the cheapest auto insurance quotes for drivers under 21. Insurance prices are determined by many things and change frequently, so the most affordable company two years ago may now be wasting a lot of money.
How to find budget-friendly car insurance for drivers under 21
It is possible to find better rates, and here are a few money-saving ideas that can help Arlington drivers find low-cost coverage.
- Save money by bundling your home and auto policies
- Pay cheaper rates with good credit scores
- Do not pay for full coverage on older vehicles
- Safe vehicles cost less to insure
- At-fault accidents can raise rates significantly
- Keep rates low by comparing prices once a year
That last tip is certainly important, as we stressed in the prior information. Insurance prices can change considerably based on profitability, so drivers shouldn’t be resistant to change insurance companies if a better deal can be had.
Loyalty to a specific company is fine, but it’s not recommended if that faithfulness ends up costing you thousands of dollars over several years. If you have a few minutes, now is a great time to shop around and find cheaper insurance for drivers under 21 in Arlington.
If you aren’t clear which coverage you need and would like to get help from a professional when comparing insurance rates for drivers under 21, the agencies below can probably help you make a decision which insurance coverage will be best for you.
To locate an Arlington car insurance agency near you, click the link at the bottom or click here to compare price quotes now.
Sun West Insurance Agency Inc
600 Six Flags Dr #102 – Arlington, TX 76011 – (817) 261-1101
ABC Insurance Agencies
816 E Abram St #106 – Arlington, TX 76010 – (817) 261-1300
Steve Perryman – State Farm Insurance Agent
3800 SW Green Oaks Blvd – Arlington, TX 76017 – (817) 561-5555
Mike Zapata – State Farm Insurance Agent
1115 E Pioneer Pkwy #140 – Arlington, TX 76010 – (817) 277-2021
Allstate Insurance: Classic Family Agency
1001 NE Green Oaks Blvd Ste 171 – Arlington, TX 76006 – (817) 468-3066