The vehicle model you are buying coverage for is probably the most important factor that determines whether or not you find the most economical car insurance for 16 year olds. Vehicles with high performance features, a lack of modern safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer models.
The table below shows auto insurance premiums for a selection of the more affordable vehicles to insure in Florida.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$5,514|
|Honda Accord EX-L 4-Dr Sedan||$5,850|
|Ford Escape Limited 4WD||$5,855|
|Ford F-150 XL Super Cab 2WD||$6,090|
|Chevrolet Silverado LS Regular Cab 4WD||$6,100|
|Chevrolet Impala LS||$6,425|
|Ford Focus S 4-Dr Sedan||$6,432|
|Honda Odyssey EX W/Rear Entertainment||$6,425|
|Ford Edge SEL 2WD||$6,431|
|Jeep Grand Cherokee Laredo 2WD||$6,478|
|Toyota RAV4 Sport 2WD||$6,488|
|Chevrolet Malibu Hybrid||$6,478|
|Toyota Camry LE||$6,483|
|Dodge Grand Caravan SXT||$6,531|
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Data rating is based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific location information which can decrease or increase coverage rates significantly.
Looking at the rates, you can conclude that vehicles like the Honda CR-V, Honda Accord, and Ford Escape will be some of the cheaper vehicles to insure for new drivers. The price for an auto insurance policy will tend to be more expensive because of the fact that there is a higher risk for 16 year olds, but overall those makes and models will have the lowest insurance rates compared to other types of vehicles.
For new drivers, one of the largest factors that are looked at to help calculate car insurance rates is where you keep your car. More populated areas tend to have higher auto insurance costs, whereas less populated areas profit from lower rates.
The next table sorts the most expensive places in Florida for 16 year olds to purchase a policy in. Jacksonville is ranked #19 with an annual rate of $2,020 for the average policy, which is around $168 monthly.
|Rank||City||Average Per Year|
|5||West Palm Beach||$2,705|
|20||Port St. Lucie||$1,994|
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Price information shown is approximated as zip code location can decrease or increase price quotes considerably.
Determining which company quotes the cheapest car insurance rates for 16 year olds may require a tad more effort in order to find the lowest price quote.
Every auto insurer has a proprietary method for determining prices, so let’s take a look at the car insurance companies with the most affordable rates in Jacksonville, FL. Keep in mind that Florida car insurance rates are based on many factors which can substantially change the cost of your policy. Simply having another birthday, moving across town, or having an at-fault accident can trigger price changes that may make certain companies more affordable than competitors.
Best Auto Insurance Prices for Teens
USAA quotes some of the best car insurance rates in Jacksonville at around $957 annually. Amica, Electric, Progressive, and Allied would also be considered some of the most economical Jacksonville, FL insurance companies.
As shown in the table above, if you currently buy coverage from Progressive and switched to Amica, you could see a yearly savings of in the vicinity of $47. Customers with Allied could save as much as $180 a year, and Travelers customers might see rate reductions of $180 a year.
Bear in mind that those policy prices are averages across all types of drivers and the different vehicles they drive and do not factor in a specific location for 16 year olds. So the insurer that is best for you may not even be in the list above. That helps illustrate why you need to get rate quotes from many companies using your own individual information.
The example below illustrates how your choice of deductibles can raise or lower insurance costs when getting quotes for cheap insurance for 16 year olds. The prices are based on a single female driver, full coverage, and no policy discounts are applied.
A 30-year-old driver could pocket $526 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $794 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old example, have the ability to save as much as $1,174 or more by using a higher deductible.
If you make the decision to raise deductibles, it will be required to have plenty of discretionary funds to allow you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Discount Jacksonville auto insurance
Insurance providers that offer quotes for 16 year olds may additionally offer premium discounts that could potentially reduce rates by as much as 35% or more if you can meet the requirements. The best car insurance companies and some of the discounts are shown below.
- State Farm offers discounts for Drive Safe & Save, driver’s education, passive restraint, good student, and good driver.
- Farmers Insurance may include discounts for distant student, pay in full, early shopping, electronic funds transfer, and alternative fuel.
- GEICO has savings for driver training, air bags, federal employee, daytime running lights, good student, and membership and employees.
- American Family offers discounts including bundled insurance, multi-vehicle, Steer into Savings, defensive driver, air bags, TimeAway discount, and early bird.
- Nationwide includes discounts for multi-policy, defensive driving, business or organization, easy pay, good student, Farm Bureau membership, and anti-theft.
- Progressive may offer discounts for continuous coverage, homeowner, online signing, online quote discount, multi-vehicle, and multi-policy.
The diagram below shows the comparison of premium costs with and without discounts applied to the policy premium. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with passive restraint, continuous coverage, anti-theft, paperless filing, vehicle safety, and paid-in-full discounts applied. When drivers qualify for the discounts, theaverage amount saved on car insurance for 16 year olds is 28% or $815.
Finding a high-quality insurance company can be difficult considering how many companies are available to choose from in Jacksonville. The company ratings listed below may help you analyze which companies you want to consider when comparing rates.
The ratings below are only comprised of companies with a national presence, so smaller companies that only insure vehicles in Florida are not included in this list. If you would like to check rates from these and other companies in Florida, just click here.
Top 10 Large Car Insurance Companies in Jacksonville Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Large Car Insurance Companies in Jacksonville Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century