The type of vehicle requiring coverage is a large factor when consumers are trying to find the best car insurance for 19 year olds. Vehicles with higher performance, a lack of safety features, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models. The table below presents car insurance rates for the most cost-effective vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$3,029|
|Ford Escape Limited 4WD||$3,237|
|Honda Accord EX-L 4-Dr Sedan||$3,243|
|Volkswagen Jetta S 2.5 Station Wagon||$3,237|
|Dodge Grand Caravan SE||$3,342|
|Jeep Wrangler Rubicon 4WD 2-Dr||$3,349|
|Honda Odyssey EX||$3,512|
|Honda Civic DX 4-Dr Sedan||$3,521|
|Ford Focus SE 4-Dr Sedan||$3,512|
|Nissan Altima 2.5 4-Dr Sedan||$3,551|
|Toyota RAV4 2WD||$3,558|
|Jeep Grand Cherokee Laredo 4WD||$3,551|
|Chevrolet Equinox LT AWD||$3,556|
|Ford Explorer Eddie Bauer 4WD||$3,589|
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Prices above based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in specific location information which can decrease or increase prices considerably.
Based upon the table data, you can expect cars like the Honda CR-V, Ford Escape, and Honda Accord are likely to be some of the most economical vehicles to insure for teenage drivers. Prices will be more costly because there is more claim risk for 19 year olds, but in general those particular vehicles will tend to have the best insurance prices possible.
Deciding which companies quote the cheapest auto insurance rates for 19 year olds requires a bit more effort than just comparing a company or two. Each auto insurance company has a proprietary method for determining rates in each state, so let’s look at the rankings for the auto insurance companies with the most affordable rates in Austin, TX.
We do need to point out that Austin auto insurance rates are calculated based on many things that control the cost of having a policy. Getting older, buying a different vehicle, or getting a couple of tickets may cause policy rate changes that can now make some companies cheaper than competitors.
Find the Cheapest Car Insurance for Teens
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers has some of the cheapest car insurance rates in Austin at around $1,052 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the best Austin, TX insurance companies.
As the example above demonstrates, if you are insured with USAA and switched to Travelers, you might see an annual premium reduction of around $43. Drivers with Texas Farm Bureau might save as much as $147 a year, and Germania Mutual customers might realize rate reductions of up to $192 a year.
To find the cheapest coverage for you, click here to start a quote or click through to the companies below.
These policy prices are averaged across all drivers and vehicles and and are not figured with a specific vehicle garaging location for 19 year olds. So the car insurance company that fits your needs best may not even be in the top 23 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
For teenage drivers, one of the big factors that aid in calculating the cost of insurance is your address in Austin. Regions with more people or even just more weather-related claims tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The table below ranks the most costly cities in Texas for 19 year olds to buy auto insurance in. Austin ranks #15 having an annual price of $1,659 for the average insured, which is approximately $138 each month.
|Rank||City||Premium Per Year|
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Premium amounts are approximated as the specific garaging location can increase or decrease coverage prices noticeably.
Cost difference between full coverage and liability
Lowering the price of auto insurance should be important to the majority of drivers, and an easy way to pay lower rates for insurance for 19 year olds is to buy only liability coverage. The chart below compares annual premium costs with full coverage and liability only. The data is based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.
If all age groups are averaged, comp and collision coverage costs an extra $2,000 per year more than insuring for liability only. That is a significant amount which raises the question if paying for full coverage is a waste of money. There isn’t a written rule that works best for making the decision to drop physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your vehicle’s replacement value is $9,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $8,500 after you pay the deductible. If it’s costing in excess of $850 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are a few cases where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
The example below highlights how deductible selection can affect insurance costs when searching for cheap insurance for 19 year olds. The data assumes a married female driver, comp and collision included, and no discounts are taken into consideration.
A 30-year-old driver could reduce rates by $302 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $456 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 category, can save as much as $646 or even more by using higher deductibles when buying full coverage.
If you make the decision to raise deductibles, it will be required to have additional savings on hand to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Ending up with the best car insurance company can be challenging considering how many different companies sell coverage in Austin. The company ratings shown next could help you decide which companies you want to consider purchasing from. The ratings below only include insurance companies that insure vehicles in the majority of U.S. states, so smaller companies that only insure vehicles in Texas are not taken into consideration for this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Ideas for finding economical car insurance for 19 year olds
Below you’ll find a few penny-pinching solutions that can help Texas drivers quote cheaper coverage.
- Safe vehicles cost less to insure
- Avoid preventable accidents
- Earn a discount by not filing claims
- Increase your credit score
- Speeding tickets and other violations increase rates
- Compare rate quotes frequently
The last tip is certainly vital, as we hit on in the article above. Coverage rates can change significantly in a year, so don’t be afraid to buy a policy from a new company if you find a better deal. Having a favorite company is great, but it’s not a great idea if that faithfulness ends up costing you hundreds of dollars year after year. It only takes a couple minutes to shop around to find cheaper car insurance for 19 year olds in Austin.
If you aren’t sure which coverage you need and prefer to have a professional recommendation when trying to find lower insurance rates for teenage drivers, the insurance agencies below can answer your questions and help you decide which auto insurance policy would work best for you. To locate an Austin car insurance agency close to you, click the button at the bottom.
Stuart Butts Agency Nationwide – Lezam insurance
700 Rio Grande St c – Austin, TX 78701 – (512) 837-5000
EZ Insurance Agency
343 S Congress Ave – Austin, TX 78704 – (512) 444-3279
State Farm: Charlie Anderson
12710 Research Blvd #210 – Austin, TX 78759 – (512) 258-2231
Karen Hall – State Farm Insurance Agent
7004 Bee Cave Rd #3 – Austin, TX 78746 – (512) 327-6200
Southwest Insurance Center
3105 W Slaughter Ln – Austin, TX 78748 – (512) 280-6100