Comparing quotes for cost effective auto insurance is not most people’s favorite thing to do, and deciding which insurers offer the lowest-priced insurance rates for 18 year olds calls for a bit more work. Every insurance provider uses their own formula for establishing rates, so let’s take a look at the insurance companies with the overall cheapest rates in Atlanta.
We do need to point out that Georgia insurance rates are influenced by many factors that will increase or decrease the price you pay for coverage. Simply turning a year older, buying a home instead of renting, or getting a speeding ticket may cause policy rate changes that may make certain companies higher when they were quite affordable.
Cheapest Insurance Rates for Teens
|Rank||Company||Cost Per Year|
|6||Georgia Farm Bureau||$1,299|
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Auto-Owners may have some of the best car insurance rates in Atlanta at around $830 each year. The Hartford, USAA, Central Mutual, and MetLife also qualify as some of the most economical Atlanta, GA auto insurance companies.
As shown in the table above, if you have coverage with The Hartford and switched to Auto-Owners, you might realize annual savings of approximately $56. Policyholders with USAA may save as much as $168 a year, and Central Mutual policyholders might see rate reductions of $363 a year.
Be aware that those policy prices are averaged for all types of insureds and vehicles and and are not figured with a specific vehicle garaging location for 18 year olds. So the car insurance company that has the lowest price for you may not even be in the top 20 companies in the list above. That helps illustrate why you need to quote rates from as many companies as possible using your own individual information.
The vehicle you are insuring is one of the primary factors when quoting low-cost car insurance for 18 year olds. Vehicles with higher performance characteristics, poor safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer, lower-performance models.
The data below presents coverage prices for a handful of the most economical automobiles to insure in Georgia.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$4,909|
|Ford Escape Limited 2WD||$4,919|
|Honda Accord EX-L 4-Dr Sedan||$5,236|
|Ford F-150 FX2 Super Cab 2WD||$5,437|
|Ford Edge SEL AWD||$5,711|
|Toyota Tacoma 2WD||$5,716|
|Honda Odyssey EX W/Rear Entertainment||$5,711|
|Toyota RAV4 4WD||$5,764|
|Nissan Altima 2.5 4-Dr Sedan||$5,771|
|Jeep Grand Cherokee Laredo 2WD||$5,764|
|Chevrolet Impala LT||$5,772|
|Dodge Grand Caravan SXT||$5,816|
|Ford Explorer Limited AWD||$5,825|
|Hyundai Elantra SE 4-Dr Sedan||$6,093|
|Toyota Camry SE||$6,099|
|Toyota Corolla XLE||$6,093|
|Chevrolet Malibu LTZ||$6,145|
|GMC Sierra SL Crew Cab 4WD||$6,151|
|Chevrolet Equinox LTZ 2WD||$6,145|
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Prices above based on single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in zip code location which can raise or lower coverage rates significantly.
Based on these rates, you can presume that models like the Honda CR-V, Ford Escape, Honda Accord, and Toyota Prius will definitely be the cheaper vehicles to insure for teen drivers. The cost of a car insurance policy will trend higher just due to the fact that there is a higher risk for 18 year olds, but in general those makes and models will probably have the best insurance prices available.
For teen drivers, one of the more important things that determine auto insurance rates is where you choose to live in Atlanta. Larger areas are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive cheaper rates.
The table below rates the most expensive areas in Georgia for 18 year olds to purchase car insurance in. Atlanta shows up at #2 with the yearly price of $1,363 for the average insured, which is approximately $114 per month.
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Information shown are estimated as the specific zip code location can alter insurance rates substantially.
The diagram below illustrates how your deductible choice can increase or decrease premium costs when searching for cheap insurance for 18 year olds. The rates are based on a married female driver, comp and collision included, and no policy discounts are applied.
As shown above, a 40-year-old driver could lower their car insurance rates by $324 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $488 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could drop their prices as much as $798 each year by choosing a larger deductible amount.
If you make the decision to raise deductibles, it’s a good idea to have enough funds in savings to be able to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Discount Atlanta car insurance
Insurers that offer cheap quotes for 18 year olds may provide price discounts that could lower prices by as much as 35% if you are eligible for them. Larger insurance companies and some of the premium reductions they offer can be read below.
- State Farm may offer discounts for student away at school, driver’s education, defensive driving training, good driver, anti-theft, passive restraint, and accident-free.
- Progressive has savings for homeowner, online quote discount, good student, multi-vehicle, multi-policy, and online signing.
- Travelers has discounts for early quote, home ownership, multi-car, student away at school, and multi-policy.
- American Family includes discounts for accident-free, defensive driver, mySafetyValet, bundled insurance, and air bags.
- Liberty Mutual discounts include exclusive group savings, new vehicle discount, preferred payment discount, safety features, and new move discount.
The example below visualizes the comparison of insurance costs with and without some available policy discounts. The rates are based on a female driver, no claims or driving violations, Georgia state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with continuous coverage, vehicle safety, passive restraint, good student, paid-in-full, and anti-theft discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for 18 year olds is 28% or $658.
Compare quotes and save
Georgia insurance rates are determined by lots of factors that can increase the policy price. Improving your credit score, increasing liability limits, or getting a driving violation may generate price changes that can now make some companies cheaper in comparison to the competition. Not only may your risk profile change, but insurers amend pricing as often as every three months to adjust for heavy claims or excess profits. An unexpected high level of claims may result in higher rates, while lower claim levels can result in more affordable Atlanta car insurance rates.
To help illustrate this point, the data below demonstrates which company has the cheapest car insurance in Atlanta, GA for a 35-year-old female driver with no violations or accidents, and a high credit rating. When comparing rates based on her current rating profile, Auto-Owners quotes the best car insurance rates in Atlanta at $1,160 per year. This is $369 less than the average rate paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife round out the rest of the top five cheapest Atlanta, GA auto insurance companies.
Let’s now give the driver from the first set of rates an at-fault accident, a lower credit rating, and a traffic citation. Because each insurer has a proprietary method for setting prices, getting updated rate quotes could now result in a substantially altered list of the cheapest companies as shown below.
The Hartford now has the best auto insurance rate in Atlanta with Travelers, USAA, Safeco, and Mercury also having competitive pricing. This example shows why it is critical to compare rates when trying to get the cheapest auto insurance rates for 18 year olds.
Prices consist of many things and change substantially, so the cheapest rate the last time you shopped around may now not even be in the top five.