The words “economical” and “insurance” really shouldn’t be used together, especially when looking for the best car insurance for 19 year olds. To save some money, let’s learn about some of the factors the can have a considerable influence on insurance prices, and come up with some ideas to lower the cost of your next policy.
The car, truck, or SUV you are buying coverage for is one of the largest factors that determines the availability of the lowest-priced insurance for 19 year olds. Vehicles with higher performance characteristics, a lack of modern safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models.
The next table shows coverage premiums for the more affordable vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$12,050|
|Hyundai Elantra GLS Touring Station Wagon||$12,058|
|Ford Escape XLT 2WD||$12,050|
|Honda CR-V EX-L 4WD||$12,196|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$13,311|
|Dodge Grand Caravan CV||$13,457|
|Ford Explorer Eddie Bauer 2WD||$13,465|
|Ford Edge SE AWD||$14,161|
|Nissan Altima 2.5 4-Dr Sedan||$14,307|
|Toyota RAV4 Sport 4WD||$14,314|
|Ford F-150 Lariat Super Cab 2WD||$14,453|
|Chevrolet Malibu LT||$14,462|
|Toyota Tacoma Double Cab 4WD||$14,453|
|Ford Focus SEL 4-Dr Sedan||$15,006|
|Toyota Corolla XLE||$15,153|
|Chevrolet Impala LTZ||$15,158|
|Honda Odyssey EX-L W/Rear Entertainment||$15,153|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$15,299|
|Jeep Grand Cherokee Limited 4WD||$15,305|
|Start a Quote Go|
Above prices assume single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in zip code location which can lower or raise premiums considerably.
Looking at the data, models like the Honda Accord, Hyundai Elantra, Ford Escape, and Honda CR-V are most likely going to be some of the cheapest vehicles to insure for teenage drivers. The cost of a car insurance policy will be higher anyway just due to the fact that there is more liability risk for 19 year olds, but generally speaking those specific models will most likely have the best rates compared to all other vehicles.
For teenage drivers, one of the big factors that determine auto insurance rates is the neighborhood you call home. Regions with larger populations or more claims are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.
The information below shows the most expensive places in Michigan for 19 year olds to buy car insurance in. Detroit shows up at #1 with an annual premium of $5,009 for the average policyholder, which is approximately $417 per month.
|11||St. Clair Shores||$2,792|
|Quote Best Rates Go|
Rate quotes are comparative as zip code location can affect rates substantially.
How accidents and violations affect rates
The common sense way to earn the best car insurance premiums in Detroit for teenage drivers is to be a careful driver and avoid getting tickets or having accidents. The information below demonstrates how citations and at-fault accidents raise auto insurance rates for different categories of driver ages. The premiums are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of a car insurance policy per year with a clean driving record and no accidents is $2,877. Get two speeding tickets and the average cost rises to $3,791, an increase of $914 each year. Then add two accidents along with the two speeding tickets and the yearly cost of car insurance for 19 year olds increases to an average of $7,620. That’s an increase of $4,743, or $395 per month, just for not paying attention while driving!
The information below shows how different deductible levels can impact annual premium costs when searching for cheap insurance for 19 year olds. The prices are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
A 50-year-old driver could cut expenses by $548 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $828 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old example, could possibly save as much as $1,388 or more by selecting a higher deductible. If you do decide to increase your deductibles, it will be necessary to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Discounts on Detroit auto insurance
Auto insurance companies that sell policies for 19 year olds may also offer rate discounts that could potentially reduce rates by as much as 35% or more if you meet the requirements. A few popular companies and their offered discounts are included below.
- GEICO offers discounts including daytime running lights, defensive driver, driver training, emergency military deployment, seat belt use, military active duty, and air bags.
- Travelers may include discounts for multi-car, good student, save driver, home ownership, and multi-policy.
- Nationwide may offer discounts for defensive driving, Farm Bureau membership, business or organization, accident-free, multi-policy, family plan, and anti-theft.
- Farmers Insurance offers premium reductions for youthful driver, alternative fuel, switch companies, early shopping, and electronic funds transfer.
- Esurance has savings for homeowner, anti-lock brakes, Switch & Save, multi-car, defensive driver, good driver, and claim free.
- State Farm has discounts for good student, passive restraint, defensive driving training, Drive Safe & Save, and multiple policy.
- Progressive may have discounts that include good student, online signing, online quote discount, multi-vehicle, and continuous coverage.
- Mercury Insurance offers discounts for good driver, accident-free, low natural disaster claims, annual mileage, location of vehicle, ease of repair, and type of vehicle.
The chart below shows the comparison of annual premium costs with and without discounts. The information is based on a female driver, a clean driving record, no at-fault accidents, Michigan state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with accident-free, safe-driver, claim-free, multiple vehicle, marriage, and homeowner discounts applied. When discounts are factored in, the average savings per year on car insurance for 19 year olds is 28% or $1,016.
Compare quotes and save
Michigan car insurance rates are impacted by many factors which can substantially change the price you pay for coverage. Improving your credit score, buying higher coverage limits, or having a fender bender can cause premium changes that can now make some companies affordable when they were higher priced.
In addition, car insurance companies change prices every year in order to remain profitable. A period of higher than normal claims can result in higher prices, while less frequent claims can produce more affordable Detroit car insurance rates.
To illustrate this point, the data below shows the company with the cheapest car insurance in Detroit, MI for a 35-year-old male driver with no violations or accidents, and a decent credit rating. If we compare prices based on his current situation, USAA has the most affordable car insurance rates in Detroit at $2,256 each year. This is $137 less than the average price paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb also make the list of the best Detroit, MI auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example an at-fault accident, less-than-perfect credit, and a speeding citation. Due to the fact that each insurance company has a different formula for determining prices, analyzing rates may now show a different set of cheap Detroit auto insurance companies as shown below.
GEICO now has the best price on car insurance in Detroit with Safeco, Pioneer State Mutual, Hastings Mutual, and USAA completing the list. This example shows why consumers need to spend some time comparing rates when trying to get cheap auto insurance quotes for 19 year olds. Car insurance prices can be determined by many factors and change frequently, so the most affordable company when you last compared rates may now cost much more than other companies.