The vehicle model you are buying coverage for is one of the main factors when shopping for the best cheap auto insurance for 16 year olds. Vehicles with lots of horsepower, poor safety features, or high incidents of liability claims will cost substantially more to insure than safer, lower-performance models. The next list estimates coverage costs for the cheapest automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$19,335|
|Honda CR-V EX 2WD||$19,345|
|Ford Escape XLT 4WD||$19,519|
|Ford F-150 XL Regular Cab 2WD||$20,376|
|Hyundai Elantra SE Touring Station Wagon||$20,701|
|Chevrolet Silverado LS Regular Cab 4WD||$21,562|
|Honda Odyssey LX||$21,571|
|Jeep Wrangler Sahara 4WD 2-Dr||$21,746|
|Ford Focus S 4-Dr Sedan||$22,744|
|Chevrolet Equinox LT AWD||$22,928|
|Toyota RAV4 4WD||$22,938|
|Ford Explorer Eddie Bauer 4WD||$23,116|
|Toyota Tacoma Double Cab 4WD||$23,122|
|Chevrolet Malibu LT||$23,116|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$23,124|
|Dodge Grand Caravan Crew||$23,116|
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in zip code location which can influence price quotes substantially.
Based upon the rates shown, we can tell that models like the Honda Accord, Honda CR-V, and Ford Escape are most likely going to be a few of the cheapest vehicles to insure for new drivers. The price for car insurance will tend to be more expensive anyway just due to the fact that there is more liability exposure for 16 year olds, but overall those models will most likely have the lowest insurance prices possible.
For new drivers, one of the more important considerations that are looked at to help calculate car insurance rates is where you live. Cities with larger populations or higher claim trends tend to pay slightly more, whereas areas that tend to be more rural benefit from lower rates.
The information below ranks the highest-priced areas in Michigan for 16 year olds to purchase a policy in. Detroit is listed at #1 with the yearly price of $4,960 for the average insured, which is approximately $413 per month.
|11||St. Clair Shores||$2,709|
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Prices are estimated as specific location information can alter premiums noticeably.
Michigan car insurance companies ranked
Selecting a high-quality auto insurance provider can be challenging considering how many companies sell insurance in Detroit. The ranking information in the lists below may help you select which providers to look at putting your business with.
These ratings are only comprised of companies with a national presence, so smaller companies that only insure vehicles in Michigan will not be included in the list. To compare rates from these top insurers and more, just click here.
Top 10 Large Auto Insurers in Detroit Ranked by Customer Satisfaction
- The Hartford – 93%
- Progressive – 90%
- 21st Century – 89%
- USAA – 87%
- State Farm – 87%
- Safeco Insurance – 86%
- AAA Insurance – 86%
- Farmers Insurance – 85%
- GEICO – 85%
- American Family – 85%
Top 10 Large Auto Insurers in Detroit Ranked by A.M. Best Rating
- State Farm – A++
- USAA – A++
- GEICO – A++
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
- Esurance – A+
- Progressive – A+
- Safeco Insurance – A
- Liberty Mutual – A
Reckless driving habits raise car insurance rates
A great way to obtain cheap car insurance prices in Detroit for new drivers is to drive carefully and avoid at-fault accidents and violations. The diagram below highlights how speeding tickets and at-fault claims can impact insurance costs for different age groups. The data assumes a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of car insurance in Detroit per year with no violations or accidents is $2,200. Get one speeding ticket and the average cost hikes up to $2,574, an increase of $374 each year. Now get one accident along with the one speeding ticket and the annual cost of car insurance for 16 year olds increases to an average of $3,600. That’s an increase of $1,400, or $117 per month, just for not maintaining a clean driving record!
How to find low-cost car insurance for 16 year olds
It’s not impossible to find cheaper rates, and here are a few penny-pinching suggestions that can help Michigan drivers locate more affordable coverage.
- At-fault accidents can raise rates significantly
- If possible, do not file small claims
- Buying home and auto insurance together can earn discounts
- Increase your credit rating
- Speeding tickets and other violations increase rates
- Higher physical damage deductibles lower rates
- Shop your coverage around for the best deal
The last tip is incredibly critical, as we discussed in this piece. Car insurance rates in Detroit can be adjusted at any time, so don’t hesitate to switch to a new company if you can save money.
Many drivers prefer to stick with one company, but it’s not recommended if that devotion results in you overpaying money that could be used for better things. Now is a great time to shop around and find cheaper car insurance for 16 year olds.
If you would rather get some professional input when buying car insurance for new drivers, the insurance agencies below are willing to provide answers to your questions and help you determine which insurance coverage you need. To find an agent near you, click the button at the bottom.
Charlotte Knight – State Farm Insurance Agent
7100 W Seven Mile Rd – Detroit, MI 48221 – (313) 340-9000
Clark Insurance Agency
2711 E Jefferson Ave #206 – Detroit, MI 48207 – (313) 259-6600
Detroit L.A. Insurance
13545 W Seven Mile Rd – Detroit, MI 48235 – (313) 340-4444
Thomas L Whatley Agency Inc
14710 Puritan Ave – Detroit, MI 48227 – (313) 272-5955
16800 W Warren Ave – Detroit, MI 48228 – (313) 581-3400