The words "low-cost" and "insurance" really shouldn't be used together, specifically when you are searching for the best car insurance for drivers under 25. Because it's not cheap, let's lead off by showing you a few of the factors that influence auto insurance rates, and see how we can help you shave a little off your next policy.
Deciphering which company has the cheapest car insurance rates for drivers under 25 will require more work in order to find the best policy.
Each auto insurance company used slightly different criteria to set their prices, so let's take a look at the most affordable car insurance companies in Georgia.
Best Cheap Insurance Rates for Young Drivers
|Rank||Company||Cost Per Year|
|6||Georgia Farm Bureau||$1,312|
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Auto-Owners may have some of the lowest car insurance rates in Atlanta at around $830 a year. This is $699 less than the average premium paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife also make the cut as some of the most economical Atlanta, GA insurance companies.
As shown in the table above, if you are currently insured with MetLife and switched to The Hartford, you might achieve yearly savings of in the vicinity of $378. Drivers with Georgia Farm Bureau may save as much as $426 a year, and Travelers policyholders might see rate reductions of $445 a year.
To get a quick, customized rate comparison, click here to begin a quote or quote prices from the following companies.
Be aware that those premium estimates are averaged for all drivers and vehicles in Georgia and are not factoring in an exact vehicle garaging location for drivers under 25. So the auto insurance company that can offer you the best rate may not even be in the list above. That illustrates why you need to compare prices as often as possible using your own personal information and vehicle type.
For drivers age 25 and younger, one of the more important considerations that help determine the amount you pay each year for auto insurance is where you keep your car in Atlanta. Areas with more people or higher crime rates are more likely to pay higher prices, whereas more rural areas have the benefit of cheaper car insurance.
The information below sorts the most expensive areas in Georgia for drivers under 25 to purchase auto insurance in. Atlanta ranks #2 with an annual cost of $1,363 for the average insured, which is approximately $114 each month.
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Price information shown is estimated as the specific zip code location can affect coverage rates significantly.
Buying coverage from a highly-rated insurance provider can be a challenge considering how many companies sell insurance in Atlanta. The ranking data listed below can help you analyze which insurers to look at when comparing rates.
These ratings only include insurance companies that insure vehicles in the majority of U.S. states, so companies that may only write in Georgia are not factored into these rankings. To get price quotes and find the cheapest rates for drivers under 25, simply click here.
Top 10 Large Auto Insurers in Atlanta Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Large Auto Insurers in Atlanta Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
The chart below illustrates how your choice of deductibles can change yearly insurance costs when quoting cheap insurance for drivers under 25. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
The chart above illustrates that a 50-year-old driver could lower rates by $274 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $414 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old category, could lower their rates as much as $912 annually by choosing larger deductibles on their policy.
If you do decide to increase your deductibles, it is important to have spare funds to enable you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Last year's bargain might be this year's rip off
Georgia car insurance rates are calculated based on many things which can substantially decrease or increase the price you pay for coverage. Simply having another birthday, buying a home, or having an accident can trigger rate changes resulting in some rates now being cheaper than before. Additionally, companies file new Georgia car insurance rates without warning in order to maintain liquidity for claims. An unexpected high level of claims can result in more expensive prices, while lower claim levels may cause lower-priced Atlanta car insurance rates.
To help illustrate this point, the graph below shows the companies that have the cheapest car insurance in Atlanta, GA for a 35-year-old female driver with no prior claims, no tickets, and good credit. If we compare prices based on her personal profile, Auto-Owners might offer the lowest car insurance rates in Atlanta at $1,171 per year. This is $358 less than the average price paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife are also included in the best Atlanta, GA auto insurance companies.
Now we will give the driver from the above example an accident surcharge, poor credit, and a traffic ticket or two. Since every car insurance company uses their own calculation for determining rates, comparing prices most likely will result in a different ranking of cheap Atlanta auto insurance companies as shown below.
The Hartford now has the cheapest auto insurance in Atlanta, GA with Travelers, State Farm, Country, and USAA completing the list. This example illustrates why drivers need to take the time to shop around when trying to get the best car insurance rates for drivers under 25.
Rates can be determined by many different factors and change substantially, so the best option three years ago may now be quite expensive.
How to find budget-friendly car insurance for drivers under 25
It is possible to find better rates, and here are some of the better money-saving ideas that can help you quote cheap car insurance.
- Frequent claims will increase rates
- Buy safe vehicles
- Speeding tickets and other violations increase rates
- Do not get into accidents
- Bundle home or renters insurance to earn a discount on car insurance
- Comparison shop at least every other year
That last piece of advice is highly critical, as we stressed in this write-up. Auto insurance rates in Atlanta can change considerably based on profitability, so don't be tentative to buy from a different company if you find a better deal.
Sticking with a specific company is fine, but it's not a great idea if that inflexibility results in costing you hundreds of dollars year after year. If you have a few minutes, now is a great time to compare rates to find cheaper car insurance for drivers under 25.
If you aren't sure which coverage you need and prefer to get some professional advice when trying to find the best insurance rates for drivers under 25, the insurance agencies listed below are willing to help you determine which car insurance policy is best.
To locate an Atlanta car insurance agency close to you, click the button below the list or click here to compare rates now.
Jerome Johnson, Sr. - State Farm Insurance Agent
3101 Clairmont Rd b - Atlanta, GA 30329 - (404) 321-6688
Cascade Heights Insurance Agency
833 Cascade Ave SW e - Atlanta, GA 30311 - (404) 758-7811
DeWayne Hrabowski - State Farm Insurance Agent
1120 Ralph David Abernathy Blvd SW #4 - Atlanta, GA 30310 - (404) 758-5400
American Family Insurance - Sheree Johnson
1218 Fairburn Rd SW #204 - Atlanta, GA 30331 - (404) 682-1940