It’s impossible to miss the catchy commercials from insurers like Allstate and Nationwide that claim the cheapest rates. So drivers should just choose any one of them, right?
Unfortunately, it’s not that simple as there are a whole bunch of unknown aspects like the level of liability coverage you want, the vehicle you drive, and your credit rating. This article delves into the best ways to maintain low rates and will hopefully give you a good start in finding the cheapest car insurance in Fort Worth.
Teenage driver insurance image by QuoteInspector.com
Finding cost effective insurance is not easy, and deciding which insurers offer the best car insurance rates for 16 year olds requires even more rate comparisons.
Each auto insurance company has their own formula to set premium rates, so let’s begin by taking a look at the car insurance companies that tend to have lower prices in Fort Worth, TX. It’s important to know that Texas car insurance rates are based on many factors which can substantially decrease or increase the cost of your policy. Price variation is why it is so important to take the time to shop around when trying to get the most economical insurance quotes for 16 year olds. Rates are calculated by many risk factors and change frequently, so the most affordable company the last time you compared rates may now be an over-priced policy.
Compare Cheap Insurance Quotes for Teens
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers may offer some of the cheapest car insurance rates in Fort Worth at around $1,052 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the lowest-priced Fort Worth, TX insurance companies.
As the rates illustrate above, if you are a customer of Esurance and switched to USAA, you could realize yearly savings of upwards of $248. Insureds with California Casualty might save as much as $279 a year, and State Farm policyholders might reduce prices by as much as $378 a year.
It’s important to note that these policy rates are averages for all drivers and vehicles and do not factor in a specific location for 16 year olds. So the car insurance company that is most affordable for your situation may not even be in the list above. That points out the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.
The car, truck, or SUV you are buying coverage for is one of the primary factors when looking for low-priced insurance for 16 year olds. Vehicles with limited speed and performance, good safety features, or a track record of few liability claims will cost significantly less to insure than adrenaline junky models.
The data below ranks coverage premiums for the most affordable automobiles to insure in Texas.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$3,770|
|Ford Escape Limited 4WD||$3,999|
|Jeep Wrangler Rubicon 4WD 2-Dr||$4,204|
|Ford Explorer XLT AWD||$4,213|
|Ford F-150 XLT Crew Cab 2WD||$4,204|
|Volkswagen Jetta 2.0T Station Wagon||$4,261|
|Ford Edge SEL AWD||$4,400|
|Chevrolet Impala LS||$4,406|
|Chevrolet Malibu Hybrid||$4,433|
|Chevrolet Equinox LS AWD||$4,442|
|Toyota RAV4 4WD||$4,433|
|Dodge Grand Caravan SXT||$4,468|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$4,473|
|Chevrolet Silverado LS Regular Cab 2WD||$4,549|
|Hyundai Elantra GLS 4-Dr Sedan||$4,659|
|Honda Odyssey Touring||$4,695|
|Toyota Corolla XRS||$4,705|
|Jeep Grand Cherokee Limited 2WD||$4,695|
|GMC Sierra SLE Regular Cab 4WD||$4,701|
|Ford F-350 XL Crew Cab Cabela Package 2WD||$4,728|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$4,846|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$4,921|
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Premium data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific Fort Worth, TX garaging location which can influence rates significantly.
By looking at the data, you can assume that cars like the Honda CR-V, Ford Escape, and Toyota Prius are most likely going to be some of the more affordable vehicles to insure for new drivers. The price of auto insurance will be higher anyway because of the fact that there is more risk for 16 year olds, but overall those makes and models will most likely have the lowest insurance prices that you are likely to find.
For new drivers, one of the big considerations that aid in calculating the cost of insurance is where you call home in Fort Worth. Larger areas tend to have more expensive auto insurance rates, whereas more rural areas can boast about having cheaper rates.
The following table rates the highest-priced areas in Texas for 16 year olds to buy auto insurance in. Fort Worth comes in at #19 with an annual premium of $1,621 for car insurance, which is approximately $135 per month.
|Rank||City||Average Per Year|
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Prices are estimated as specific Fort Worth zip code can revise insurance rates considerably.
Insuring your vehicle with the top insurance provider is difficult considering how many choices you have in Texas. The information listed below could help you choose which auto insurance companies you want to consider comparing prices from.
These rankings only include companies that write coverage in many states, so companies that focus mainly on Texas business are not factored into these rankings. To get rate quotes from these top-rated insurers and more, follow this link.
Top 10 Major Auto Insurers Overall in Fort Worth
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Major Auto Insurers 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+
How to get discounts on Fort Worth auto insurance rates
Insurance companies that provide policies for 16 year olds may additionally offer price discounts that may potentially lower prices by 40% or more if you meet eligibility requirements. A few popular companies and some of their more popular discounts are included below.
- State Farm offers premium reductions for safe vehicle, Steer Clear safe driver discount, multiple policy, student away at school, and defensive driving training.
- Progressive may have discounts that include multi-policy, continuous coverage, good student, online quote discount, and online signing.
- Travelers offers discounts for good student, home ownership, multi-car, continuous insurance, driver training, and payment discounts.
- American Family policyholders can earn discounts including bundled insurance, good student, air bags, Steer into Savings, mySafetyValet, and early bird.
- Liberty Mutual may offer discounts for preferred payment discount, new graduate, newly married, exclusive group savings, good student, and teen driver discount.
The diagram below illustrates the difference between insurance prices with and without discounts applied to the premium. The rates are based on a female driver, no violations or claims, Texas state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with vehicle safety, paid-in-full, paperless filing, passive restraint, continuous coverage, and good student discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on car insurance for 16 year olds is 28% or $752.
How to find economical car insurance for 16 year olds
The list below shows some thrifty solutions that can help Fort Worth drivers find low-cost coverage.
- Raise physical damage deductibles
- Earn discounts for being claim-free
- Drop full coverage on older vehicles
- Avoid preventable accidents
- Just one traffic violation will increase your rates
- Compare rates often to find the best deal
The last item on the list is extremely significant, as we emphasized in the article above. Prices charged by companies can change significantly in a year, so drivers shouldn’t be resistant to switch companies if you find a cheaper price. Brand loyalty is not necessarily bad, but it isn’t a good idea if that devotion results in you overpaying hundreds of dollars year after year. It takes less than five minutes to compare rates and find cheaper insurance for 16 year olds in Fort Worth.