The words “low-priced” and “insurance” probably shouldn’t be used in the same sentence, especially when trying to find the best coverage prices for high school students. Let’s get started by showing you some of the factors that determine auto insurance premiums, and come up with some ideas to reduce the cost of your next policy.
The vehicle requiring insurance is one of the biggest factors that determines whether or not you can buy low-cost car insurance for high school students. Vehicles with reasonable performance levels, a plethora of safety features, or a positive history of liability claims will cost less to insure than fast, unsafe models.
The data below presents car insurance premiums for a selection of the most budget-friendly automobiles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$6,610|
|Ford Escape Limited 2WD||$6,618|
|Honda Accord EX-L 4-Dr Sedan||$7,010|
|Ford F-150 STX Super Cab 2WD||$7,300|
|Toyota Tacoma 4WD||$7,363|
|Volkswagen Jetta 2.0T Station Wagon||$7,476|
|Ford Focus SE 4-Dr Sedan||$7,700|
|Jeep Grand Cherokee Laredo 2WD||$7,763|
|Chevrolet Malibu Hybrid||$7,770|
|Toyota RAV4 Limited 4WD||$7,763|
|GMC Sierra SLE Crew Cab 2WD||$7,770|
|Dodge Grand Caravan Crew||$7,826|
|Ford Explorer Eddie Bauer AWD||$7,834|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$8,161|
|Hyundai Elantra GLS 4-Dr Sedan||$8,166|
|Ford Edge Sport AWD||$8,171|
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Table data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in vehicle location which can alter insurance rates significantly.
Looking at the data, you can infer that models like the Honda CR-V, Ford Escape, Honda Accord, and Toyota Prius will definitely be the cheapest vehicles to insure for teenagers. The price for car insurance will trend higher just due to the fact that there is more liability exposure for high school students, but generally speaking those particular models will tend to have the cheapest auto insurance rates possible.
One of the many factors that are looked at to determine the cost of insurance is the neighborhood you call home. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from lower rates.
The following table ranks the priciest cities in Georgia for high school students to purchase car insurance in. Atlanta is ranked #2 costing $1,377 for the average insured, which is approximately $115 monthly.
|Rank||City||Premium Per Year|
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Premium amounts are approximated as specific Atlanta zip code can modify premiums significantly.
Establishing which company has the cheapest insurance rates for high school students will require a tad more effort than just quoting one company’s rates. Each insurance company has their own guidelines to determine premium rates, so let’s take a look at the most budget-friendly insurance companies in Atlanta, GA.
Best Auto Insurance Prices for Students
|Rank||Company||Cost Per Year|
|7||Georgia Farm Bureau||$1,312|
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Auto-Owners normally has some of the cheapest car insurance rates in Atlanta at around $839 annually. The Hartford, USAA, Central Mutual, and MetLife also make the cut as some of the more affordable Atlanta, GA insurance companies.
As the rates illustrate above, if you have coverage with MetLife and switched to The Hartford, you could see an annual premium reduction of about $354. Customers with Travelers could save as much as $357 a year, and Georgia Farm Bureau customers might lower prices by up to $390 a year.
It’s important to note that these estimates are averaged for all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for high school students. So the company that fits your situation best may not even be in the top 20 companies in the list above. That affirms the importance of why you need to get rate quotes using your own driver data and vehicle information.
The chart below highlights how deductible choice can affect premium costs when trying to find cheap insurance for high school students. The data assumes a married male driver, full physical damage coverage, and no other discounts are factored in.
In the chart above, a 40-year-old driver could lower rates by $274 a year by switching from a $100 deductible to a $500 deductible, or save $414 by using a $1,000 deductible. Youthful drivers, like the 20-year-old example, could roll back prices up to $912 every year just by using higher deductibles.
When increasing deductibles, it will be necessary to have plenty of savings on hand to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Tickets and at-fault accidents raise rates
The recommended way to obtain affordable insurance rates in Atlanta for teenagers is to be an attentive driver and avoid accidents and violations. The information below highlights how traffic violations and accident claims influence auto insurance costs for different age groups. The prices are based on a single female driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of car insurance in Georgia per year with no accidents and a clean driving record is $2,135. Get written up for two speeding tickets and the average cost increases to $2,872, an increase of $737 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of insurance for high school students jumps again to an average of $5,488. That’s an increase of $3,353, or $279 per month, just for not being attentive to the road!
You may be paying too much for car insurance
Atlanta insurance rates are calculated based on many things that control the price of your policy. Simply having a birthday, moving to a new city, or getting a couple of tickets can cause premium changes that can make some companies more affordable than before. Not only may your situation change, but car insurance companies change their prices at least once a year in order to remain profitable. Higher than normal claims may result in rate increases, while a better loss history can cause lower-priced Atlanta car insurance rates.
For instance, the data below shows the company with the cheapest car insurance in Atlanta, GA for a 35-year-old female driver with a clean driving record, no accidents, and good financial standing. If we estimate prices based on her current rating profile, Auto-Owners offers the cheapest car insurance rates in Atlanta at $1,172 per year. This is $357 less than the average rate paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and Georgia Farm Bureau are the rest of the best Atlanta, GA auto insurance companies.
Now we will give the driver in the first example a claim surcharge, a lower credit score, and a few traffic violations. Because each insurer has their own process for determining rates in each state, comparing quotes may now result in a significantly different list of the cheapest car insurance companies in Atlanta as shown below.
Travelers now has the cheapest rate in Atlanta, GA with The Hartford, Safeco, Country, and Mercury now rounding out the top five. This example demonstrates why Atlanta drivers need to perform an extensive rate comparison to find the most economical car insurance quotes for high school students. Insurance prices are made up of many things and can increase or decrease at any time, so the most economical option when you bought your policy may now be wasting a lot of money.
If you have questions and prefer to have some advice when shopping around for cheaper insurance for teenagers, the insurance agencies listed below can most likely help you determine which policy fits your needs best.
To find an Atlanta insurance agency near you, click the button after the list or click here to compare prices now.
Dana Shivalier – State Farm Insurance Agent
1544 Piedmont Ave NE #107 – Atlanta, GA 30324 – (404) 892-0101
American Family Insurance – Sheree Johnson
1218 Fairburn Rd SW #204 – Atlanta, GA 30331 – (404) 682-1940
DeWayne Hrabowski – State Farm Insurance Agent
1120 Ralph David Abernathy Blvd SW #4 – Atlanta, GA 30310 – (404) 758-5400
Eddie Sanders – State Farm Insurance Agent
47 Perimeter Center E #130 – Atlanta, GA 30346 – (770) 394-5068