Best Cheap Auto Insurance Quotes for 16 Year Olds in Missouri

The type of vehicle you are insuring is a large factor when comparison shopping for economical insurance for 16 year olds. Vehicles with more horsepower, a lack of advanced safety features, or high incidents of liability claims will cost more to insure than more modest models.

The next lists illustrates auto insurance costs for a number of the most budget-friendly vehicles to insure.

Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates significantly.

Data rating is based on single male driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can impact premium rates noticeably.

Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in garaging location in Missouri which can impact prices noticeably.

Trying to buy cost effective insurance is hard enough, and deciding which companies have the cheapest car insurance rates for 16 year olds takes even more diligence. Coverage rates could be significantly higher than the average price in Missouri, with the extra cost attributed to the higher likelihood of claims that comes with selling coverage for new drivers, but competitive insurance may be possible if you thoroughly shop around.

Each auto insurance company uses a little different formula for setting rates, so let’s take a look at the car insurance companies with the overall cheapest rates in Missouri. We do need to point out that Missouri car insurance rates are influenced by many factors that control the price you have to pay. Things like having a birthday, buying a higher-value vehicle, or getting a couple of tickets can cause premium changes that can cause some rates to be more affordable than before.

Find the Cheapest Auto Insurance for Teens

Click to Compare Rates Now

USAA generally has some of the best car insurance rates in Missouri at around $648 per year. The Hartford, Electric, Allied, and Auto-Owners would also make the list of some of the lowest-priced Missouri auto insurance companies.

In this example, if you are a policyholder with Allied and switched to USAA, you could earn savings of about $193. Customers with Auto-Owners may save as much as $359 a year, and Travelers customers might lower prices by $360 a year.

It’s important to note that these policy rates are averaged for all types of insureds and vehicles and and are not calculated with a price increase for 16 year olds. So the company that is best suited for you may not even be in the company chart above. That affirms the importance of why you need to get quotes using your own driver data and vehicle information.

For new drivers, one of the big factors that car insurance companies use when figuring a rate quote is where you keep your car. Areas with increased crime or more people like Florissant, University City, and Mehlville tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from having to pay less for coverage.

The information below rates the most expensive places in Missouri for 16 year olds to buy car insurance in.

Table data uses estimated as vehicle location can revise rates substantially.

Rate comparison of full coverage and liability-only

Finding the best cheap car insurance for 16 year olds in Missouri is the goal of the majority of drivers, and one good way to pay less for insurance is to only pay for liability coverage. The diagram below compares insurance rates with full coverage compared to only the Missouri minimum liability coverage. The information is based on a clean driving record, no at-fault accidents, $500 deductibles, marital status is single, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 2913,1073],[‘Age 30’, 1523,591],[‘Age 40’, 1497,547],[‘Age 50’, 1365,513],[‘Age 60’, 1323,505],[‘Age 70’, 1625,673]]);var options = {title: ‘Full Coverage Rates Compared to Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Missouri’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If the expense is averaged for all age categories, physical damage coverage on your policy costs $1,708 per year more than just insuring for liability. That raises the question when is it a good idea to stop buying full coverage. There is no specific rule to drop full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

There are a few situations where dropping physical damage coverage is not financially feasible. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.

The illustration below shows how choosing a deductible can influence annual premium costs when searching for cheap insurance for 16 year olds. The rates are based on a married male driver, comp and collision included, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3093,2819,2515,2227],[‘Age 30’, 1621,1475,1309,1149],[‘Age 40’, 1553,1421,1269,1121],[‘Age 50’, 1423,1301,1163,1031],[‘Age 60’, 1399,1279,1143,1013],[‘Age 70’, 1605,1475,1329,1193]]);var options = {title: ‘Impact of Deductibles on Car Insurance Prices in Missouri’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 50-year-old driver could lower rates by $260 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $392 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, can save as much as $866 every year just by choosing larger deductibles. If you make the decision to raise deductibles, it will be required to have enough spare savings to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Is Allstate, Progressive, State Farm, or Geico cheaper?

When comparing auto insurance for new drivers in Missouri, four companies to consider are Allstate, Progressive, State Farm, and Geico. When combined, they make up about half of the entire U.S. car insurance market. They all offer your standard coverages, but each one has a distinct set of features and optional coverages that may influence which company you choose. The following table illustrates pricing and service ratings, as well as optional policy coverages that are available for customers.