The words "low-cost" and "insurance" really shouldn't be used together, especially when looking for the cheapest car insurance for 17 year olds. Because of the high cost, let's introduce you to some of the factors that significantly impact car insurance premiums, and find out if you can reduce the price of the next policy you buy.
The make and model of vehicle that needs insurance is one of the largest considerations that determines the availability of the best cheap car insurance for 17 year olds. Vehicles with high performance features, poor passenger safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The list below presents car insurance costs for a selection of the more affordable automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$4,321|
|Ford Escape Limited 2WD||$4,368|
|Dodge Grand Caravan SE||$4,846|
|Volkswagen Jetta 2.0T Station Wagon||$4,979|
|Ford Focus S 4-Dr Sedan||$5,084|
|Ford Edge Limited 2WD||$5,090|
|Toyota Camry LE||$5,131|
|Chevrolet Equinox LT AWD||$5,136|
|Chevrolet Malibu Hybrid||$5,131|
|Toyota RAV4 Limited 4WD||$5,136|
|Nissan Altima 2.5 4-Dr Sedan||$5,131|
|Ford Explorer Limited AWD||$5,175|
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Data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific location information which can revise coverage rates significantly.
Looking at the numbers, models like the Honda CR-V, Ford Escape, Toyota Prius, and Dodge Grand Caravan are most likely to be a few of the most economical vehicles to insure for teen drivers. The price for car insurance will tend to be more expensive because of the fact that there is more liability exposure for 17 year olds, but generally speaking those models will probably have the cheapest rates possible.
Finding out which insurers offer the most affordable insurance rates for 17 year olds will take more time than just getting one or two price quotes. Every insurance company uses their own method for setting prices, so let's rank the insurance companies that tend to be cheaper in Florida.
It's important to know that Florida insurance rates are impacted by many things which can substantially change the policy price. Simply improving your credit, moving across town, or getting caught speeding can produce rate changes that can now make some companies more affordable than the competition.
Find the Cheapest Auto Insurance for Teens
USAA generally has some of the most affordable car insurance rates in Jacksonville at around $977 per year. Amica, Electric, Progressive, and Travelers also are some of the more affordable Jacksonville, FL insurance companies.
As shown in the table above, if you are insured with Electric and switched to USAA, you could earn annual savings of about $735. Florida drivers with Progressive could save as much as $798 a year, and Travelers customers might reduce rates by $892 a year.
These prices are averages for all types of insureds and vehicles and and are not calculated with a specific zip code for 17 year olds. So the company that fits your needs best may not even be in the top 21 companies shown above. That is why you need to get car insurance quotes using your own driver information and specific vehicle type.
One of the more important components that are looked at to help calculate the amount you pay for auto insurance is where you choose to live in Jacksonville. More populated areas are more likely to have higher rates, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.
The next table shows the most expensive cities in Florida for 17 year olds in which to buy car insurance. Jacksonville is listed at #20 with a yearly cost of $1,980 for the average insurance policy, which is approximately $165 each month.
|Rank||City||Average Per Year|
|7||West Palm Beach||$2,599|
|19||Port St. Lucie||$1,994|
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Information shown are estimated as the specific area where the vehicle is garaged can decrease or increase premium rates considerably.
Get discount Jacksonville insurance
Insurers that provide policies for 17 year olds may also give you premium discounts that can lower rates by as much as 25% or more if you meet specific eligibility requirements. Larger insurance companies and some of their more popular discounts are outlined below.
- State Farm discounts include defensive driving training, anti-theft, multiple autos, good student, and passive restraint.
- GEICO offers discounts including multi-policy, good student, military active duty, anti-lock brakes, anti-theft, defensive driver, and federal employee.
- Liberty Mutual may offer discounts for new vehicle discount, new move discount, exclusive group savings, safety features, hybrid vehicle, new graduate, and teen driver discount.
- The Hartford has discounts for bundle, defensive driver, good student, air bag, driver training, and anti-theft.
- MetLife may include discounts for accident-free, defensive driver, good driver, claim-free, good student, and multi-policy.
- Progressive includes discounts for online signing, good student, multi-policy, online quote discount, homeowner, continuous coverage, and multi-vehicle.
The diagram below compares insurance premiums with and without some available policy discounts. The premium estimates are based on a male driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with continuous coverage, passive restraint, good student, paid-in-full, anti-theft, and vehicle safety discounts applied. In this example, the average savings per year on insurance for 17 year olds is 28% or $1,045.
How careless driving impacts Jacksonville insurance rates
The common sense way to obtain the most affordable insurance prices for teen drivers is to drive cautiously and not get tickets or have accidents. The illustration below demonstrates how traffic citations and at-fault fender-benders can drive up premium costs for different categories of driver ages. The data assumes a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
In the chart above, the average cost of auto insurance in Florida per year with no accidents and a clean driving record is $1,778. Factor in two speeding tickets and the average cost rises to $2,517, an increase of $739 each year. Now add in one accident along with the two speeding tickets and the annual cost of insurance for 17 year olds jumps again to an average of $3,284. That's an increase of $1,505, or $125 per month, just for not driving carefully!
The illustration below shows how choosing a deductible can impact insurance rates when trying to find cheap insurance for 17 year olds. The price estimates are based on a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.
The chart above illustrates that a 40-year-old driver could lower their policy premium by $394 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $590 by using a $1,000 deductible. Youthful drivers, like the age 20 example, could lower their rates up to $1,320 annually just by using higher deductibles.
When choosing a higher deductible, it's a good idea to have enough funds in savings to enable you to cover the extra out-of-pocket expense that comes with higher deductibles.
How to find more affordable insurance for 17 year olds
It's not impossible to find cheaper rates, and here are many money-saving suggestions that can help Jacksonville drivers locate more affordable car insurance.
- Save money by insuring your home and auto with the same company
- Raise your deductibles
- At-fault accidents can raise rates significantly
- Avoid speeding and other traffic citations and pay less
- Good credit scores may make rates cheaper
- Pay for smaller claims out-of-pocket
- Comparison shop frequently
The last idea is extremely necessary, as was noted in the prior information. Auto insurance rates adjust frequently, so drivers shouldn't be reluctant to switch companies if a more affordable price is available.
Sticking with a specific company is fine, but is isn't recommended if that loyalty results in overpaying a lot of money. In just a few minutes you could compare rates to find cheaper car insurance for 17 year olds in Jacksonville.