What is the cheapest auto insurance for teens?
I can't find a policy under $1700, Or even anything under $290 a month. Houston Sucks!Im 18 and I pay more than anybody in my entire family.
No company is the cheapest for everyone in any group – you gotta go out there and get quotes. Liberty Mutual was more coverage at 1/2 the price of any other company I tried. They also offer Affinity group discounts (there are thousands of credit unions, schools, employers, civic organizations etc.) If you are a member of any of these it can save you anywhere from 5-20% on your total premium. No matter who you go with there are discounts you should check into:
B or better average will get you the "good student discount" that most companies offer – it usually requires a copy of your report card, and you have to be a full time student (college counts too)
Safety discounts on your car – believe me, after doing customer service for more than one big name provider you would be surprised how often these are overlooked – ABS, anti-theft devices, airbags, vin etching on the windows
Some companies have a "single with child" discount for people under 25 who have children, but are not married – if this situation applies. I only mention it b/c most companies won't ask you about it, or advertise this discount.
Low mileage discount – this one usually saves people A LOT of money if they qualify. Usually the limit to get the low milage discount is 7500 miles a year
Drivers Education and/or Defensive Driver Discounts (some companies you can get both) – complete the course for lower rates for an average of 3 years
Ask whatever company you decide to go with for a complete list of the discounts they offer. Other things to consider/that will effect your insurance costs –
ask your agent or customer service how you are "rated" or what is the "class" you are rated in – be sure this reflects the correct car, how many miles you drive each day (over 10 miles one way to work/school will be more expensive), is it work/school (If you drive to work/school fewer than 5 days a week you should see some savings) or pleasure (don't drive it to or from work / school) rated?
If it's possible for you, you will get cheaper insurance through your parents policy and just paying your share, than having a policy of your own.
Many discounts only apply to collision and comprehensive premiums (what most people consider "full coverage") Be sure there are no unwanted coverages – do you need towing / rental? Are your limits higher than you need (although I ALWAYS urge people NOT to go with the state minimums – new cars (supposing you hit one) can easily cost more than most state minimums for property damage, and hospital bills pile up fast. After your insurance reaches it's limits they come after you to make up ALL of the difference)
that should be a good start for you – good luck
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It's probably cheaper to be on your parent's policy if you live in the household with them. Just pay them the difference in premium when they add you on. There is no such thing as the cheapest company for everyone. Rates are based not only on your driving record, but where you live, the car you're driving, credit (sometimes). And don't just get cheap. Make sure you get a good company that will be there when you need them.
There is no such thing.
In case you don't know most of the car accidents are actually caused by teens and they are the ones killing more people.
In fact, the problem is getting so big that some States have written new laws to force teens to take more complicated tests and more severe fines when they are involved in an accident among other things.
In my opinion if you are a teen driving a car with alcohol in your veins you should go to prison at least 2 years.
Top 3 Answerer in Business & Finance. (Vote for me)
state farm
First, I'd like to thank Frank Castle for yet another completely useless answer. If you search his responses, you'll find that the self-proclaimed "Top 3 Answerer in Business and Finance" really has very little to say that's of any substance at all.
It does suck. But it's not Houston. It's the age, combined with the fact that you're a single male, and it also has to do with the kind of car you drive. Insurance companies base their rates on statistics. They'll say that "Single Males between 16 and 25 who drive _______ (fill in your car's make and model here) cost us $______ in accidents and claims each year, so to make sure we don't lose money, we've got to charge each one of them $______." That's how they arrive at the rate.
The less your car costs, and the safer your car is, the better the rate. Also, if you live at home, sometimes going with the same company your parents go to can get you a discount. If you're on your own, going with the same company you have your renter's insurance or homeowner's insurance with can get you a discount.
You can also try raising your deductible. Often times that can save you some serious premium dollars.
Finally, the most drastic solution is to get married. Married men are, according to insurance companies, not as risky drivers as single men. Your rates drop appreciably once you say "I do."
Good luck!
Males teens have more accidents therefore insurance companies charge them more than any other group. You pay almost $10/day if you drive or not just for the insurance. Add in gas and the costs of the car, are you sure you WANT to drive?
I don't sell auto insurance.
State Farm deserves to go belly up for not believing me on my accident. I was telling the truth.
State Farm offers good discounts if you have a "B" average or better in school. Also they have a program called Steer Clear that helps you save more. Works best if your parents have it too.