The words “low-priced” and “insurance” really shouldn’t be used in the same sentence, specifically when searching for the cheapest car insurance for 18 year olds. To help control this cost, let’s start the ball rolling by going over some of the things that impact insurance premiums, and figure out some ways to take a little off your next policy.
The car, truck, or SUV needing coverage is one of the primary factors in finding the best cheap insurance for 18 year olds. Vehicles with high performance features, a lack of safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models.
The table below presents car insurance prices for the most affordable automobiles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$3,196|
|Honda CR-V EX 4WD||$3,232|
|Ford Edge SE 2WD||$3,544|
|Dodge Grand Caravan CV||$3,580|
|Volkswagen Jetta SE 2.5 Station Wagon||$3,697|
|Ford Focus S 4-Dr Sedan||$3,759|
|Chevrolet Impala LS||$3,767|
|Toyota RAV4 Limited 2WD||$3,795|
|Jeep Grand Cherokee Laredo 4WD||$3,805|
|Toyota Camry LE||$3,795|
|Chevrolet Malibu Hybrid||$3,805|
|Chevrolet Equinox LS 2WD||$3,795|
|Ford Explorer Eddie Bauer 4WD||$3,829|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$3,836|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$3,943|
|Honda Civic EX 4-Dr Sedan||$3,975|
|Hyundai Elantra Blue 4-Dr Sedan||$3,985|
|Honda Odyssey EX-L W/Navigation||$4,011|
|Toyota Corolla LE||$4,019|
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Prices above based on single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in zip code location which can raise or lower rates substantially.
Based on these rates, you can conclude that makes and models like the Ford Escape, Honda CR-V, and Toyota Prius will definitely be some of the cheapest vehicles to insure for teen drivers. The cost of auto insurance will tend to be higher because there is more claim risk for 18 year olds, but in general those makes and models will probably have the best rates compared to other vehicles.
For teen drivers, one of the big components that are looked at to help calculate auto insurance rates is where you keep your vehicle. Cities with larger populations tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims receive better rates.
The information below shows the most expensive areas in Texas for 18 year olds to purchase car insurance in. Fort Worth makes the list at #16 with an annual cost of $1,621 for the average insured, which is about $135 each month.
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Annual rates are comparative as the specific zip code location can affect prices noticeably.
Establishing which company quotes the best car insurance rates for 18 year olds calls for more time in order to find the best policy. Each auto insurance company has a proprietary formula for setting prices, so let’s take a look at the car insurance companies with the overall cheapest rates in Fort Worth, TX.
It’s important that readers know that Fort Worth, TX car insurance rates are based on many factors which can significantly increase or decrease the price you pay for coverage. Simply improving your credit, buying a new vehicle, or getting a few speeding tickets can cause premium changes that can make some companies more affordable than competitors.
Lowest Insurance Price Quotes for Teens
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,211|
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Travelers quotes some of the lowest car insurance rates in Fort Worth at around $1,021 a year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also make the list of some of the cheapest Fort Worth, TX auto insurance companies.
In the above rates, if you currently buy coverage from USAA and switched to Travelers, you may see an annual premium reduction of around $63. Policyholders with Texas Farm Bureau could save as much as $190 a year, and Germania Mutual insureds might cut rates by $273 a year.
To see if you’re overpaying, click here to get quotes or visit several of the following companies.
It’s important to note that these rates are averaged for all drivers and vehicles and and are not figured with a vehicle location for 18 year olds. So the car insurance company that can offer you the lowest price may not even be in the top 23 companies in the list above. That is why you need to compare prices as often as possible using your own driver and vehicle profiles.
Get discount Fort Worth auto insurance rates
Insurance providers that offer coverage for 18 year olds could also offer policy discounts that can lower rates by 30% or more if you are eligible. Companies and a partial list of their discounts are detailed below.
- State Farm includes discounts for multiple policy, driver’s education, accident-free, passive restraint, and student away at school.
- Liberty Mutual offers premium reductions for preferred payment discount, safety features, new graduate, multi-car, exclusive group savings, hybrid vehicle, and newly retired.
- American Family has savings for TimeAway discount, air bags, bundled insurance, good student, multi-vehicle, accident-free, and Steer into Savings.
- Progressive policyholders can earn discounts including online quote discount, online signing, multi-policy, multi-vehicle, and continuous coverage.
- Farmers Insurance has discounts for alternative fuel, youthful driver, multi-car, business and professional, mature driver, and good student.
- Auto-Owners Insurance may offer discounts for anti-lock brakes, teen driver, air bags, safe driver, and paperless.
- SAFECO may have discounts that include teen safe driver, anti-theft, multi-car, homeowner, teen safety rewards, and safe driver.
The information below shows the comparison of auto insurance rates with and without discounts applied to the policy rates. The premium estimates are based on a male driver, no claims or driving citations, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with paid-in-full, passive restraint, anti-theft, vehicle safety, good student, and continuous coverage discounts applied. In this example, theamount saved on car insurance for 18 year olds is 28% or $751.
Insuring your vehicle with the top car insurance company is difficult considering how many companies there are in Texas. The ranking data shown below can help you select which providers to look at comparing rates from.
These ratings are only comprised of the largest companies in America, so companies that only write business in Texas or surrounding areas are not included in the list. To compare price quotes from these companies and more, just click here.
Top 10 Major Car Insurance Companies in Fort Worth Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Major Car Insurance Companies in Fort Worth Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
The information below illustrates how your deductible choice can impact insurance prices when quoting cheap insurance for 18 year olds. The rate quotes are based on a married male driver, comp and collision included, and no discounts are factored in.
In the chart above, a 40-year-old driver could lower their policy premium by $358 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $540 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, have the ability to save $1,206 or even more just by using higher deductibles. If you do make the decision to raise your deductibles, it is essential to have additional savings on hand to allow you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
How to find more affordable insurance for 18 year olds
It’s not impossible to find cheaper rates, and here are some of the recommended thrifty solutions that can help you get cheaper auto insurance.
- Get cheaper liability coverage by choosing a safer vehicle
- If possible, do not file small claims
- Having at-fault accidents will increase rates
- Avoid speeding and other traffic citations and pay less
- Buying your home and auto policies from the same company can earn a discount
- Compare quotes from other companies often
The final tip is remarkably valuable, as was noted in this piece. Coverage rates adjust frequently, so drivers shouldn’t be resistant to buy from a new company if a better rate can be found.
Many drivers tend to have loyalty to a certain company, but it’s not recommended if your bullheadedness ends up costing you major coinage every year. Take a few minutes and compare prices and find cheaper insurance for 18 year olds in Fort Worth.