Best Cheap Car Insurance for 16 Year Olds in Florida

You have probably watched the captivating commercials from companies like Progressive and Allstate that claim big savings. So you should just choose any of them, right?

It’s not quite that easy, unfortunately, as there are a whole bunch of unknown factors such as if you are insuring for full coverage or just liability only, the performance level of your vehicle, deductible levels for physical damage coverage, and your age, that all impact the cost of coverage. The information below will cover these factors and others that can influence the price of auto insurance and also should give you a jump start in finding the best auto insurance in Florida.

Determining which company offers the most affordable car insurance rates for 16 year olds will take a little more sweat in order to find the best price. Every auto insurer uses their own formula to establish rates, so to begin we’ll rank the most affordable car insurance companies in Florida.

It’s important to know that Florida car insurance rates are impacted by many factors that may substantially change the policy price. Simply improving your credit, filing a claim, or having an at-fault accident can trigger rate changes resulting in some rates now being cheaper in comparison to the competition.

Best Cheap Insurance Rates for Teens

Compare Rates and Save

google.charts.setOnLoadCallback(drawFLT5qcibChart);function drawFLT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 977, ‘#FF9333’], [‘Amica’, 1694, ‘#D47A2A’], [‘Electric’, 1746, ‘#B06523’], [‘Progressive’, 1829, ‘#92541D’], [‘Mercury’, 1914, ‘#794618’]]);var options = {title: ‘Most Affordable Auto Insurance Companies in Florida’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:2014,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

USAA may have some of the most affordable car insurance rates in Florida at around $977 per year. Amica, Electric, Progressive, and Mercury would also make the list of some of the more affordable Florida car insurance companies.

In the above example, if you are a policyholder with Progressive and switched to Amica, you may see a yearly price reduction of upwards of $135. Policyholders with Mercury may save as much as $220 a year, and Travelers customers might realize rate reductions of up to $232 a year.

These premiums are averaged across all drivers and vehicles and do not take into consideration a price surcharge for 16 year olds. So the company that can offer you the lowest price may not even be shown in the chart above. That points out the importance of why you need to get rate quotes using your own specific driver information and vehicle.

For new drivers, one of the more important factors that affect car insurance rates is the neighborhood you call home in Florida. More populated areas like Hialeah, Miami, and Miramar are more likely to pay higher prices, whereas areas that tend to be more rural have the luxury of lower rates.

The next table lists the priciest cities in Florida for 16 year olds to purchase a policy in.

Prices are comparative as vehicle location can change auto insurance rates substantially.

Safe drivers pay less for car insurance

A great way to maintain the best cheap auto insurance for 16 year olds in Florida is to drive safe and avoid at-fault accidents and violations. The diagram below illustrates how violations and accidents can drive up auto insurance rates for different age groups. The premiums assume a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 4547,5407,6277],[‘Age 30’, 2373,3229,4099],[‘Age 40’, 2327,3187,4057],[‘Age 50’, 2125,2981,3851],[‘Age 60’, 2055,2915,3785],[‘Age 70’, 2533,3387,4261]]);var options = {title: ‘Violations, Accidents, and Florida Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Florida’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of a car insurance policy in Florida per year with no accidents or violations is $2,660. Factor in two speeding tickets and the average cost swells to $3,518, an increase of $858 each year. Now get one accident along with the two speeding tickets and the annual cost of car insurance for 16 year olds increases to an average of $4,388. That’s an increase of $1,728, or $144 per month, just for being a less-than-perfect driver!

Allstate, State Farm, Geico, and Progressive compared

When it comes to car insurance for new drivers, the companies that insure more vehicles than anyone else are Allstate, State Farm, Geico, and Progressive. All of them have a slightly different set of options and discounts that may influence which company you choose. The data below rates ratings and policy coverage options that are available for policyholders.