Cheapest Car Insurance for Drivers Under 21 in Georgia

Establishing which company has the most affordable insurance rates for drivers under 21 will take a bit more effort in order to find a policy that fits your budget. Each auto insurance company uses their own calculation for filing rates in each state, so let’s take a look at the overall cheapest insurance companies in Georgia.

Best Car Insurance Prices for Minors

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Auto-Owners offers some of the cheapest car insurance rates in Georgia at around $855 per year. The Hartford, USAA, Central Mutual, and MetLife also qualify as some of the more affordable Georgia insurance companies.

In this example, if you are a policyholder with Central Mutual and switched to The Hartford, you might see annual savings of upwards of $292. Georgia drivers with MetLife might save as much as $351 a year, and Georgia Farm Bureau insureds might lower prices by $386 a year.

Be aware that those prices are averages for all insureds and vehicles and and are not calculated with a rate increase for drivers under 21. So the company that fits your needs best may not even be in the list above. That emphasizes why you need to compare prices as often as possible using your own specific driver and vehicle information.

One of the more important things used to calculate a rate quote is where you choose to live in Georgia. Cities that have higher claim levels or more people like East Point, North Atlanta, and Smyrna will most likely have higher rates, whereas areas with less people or fewer weather incidents have the luxury of the cheapest auto insurance for drivers under 21 in Georgia.

The illustration below shows the priciest cities in Georgia for drivers under 21 to purchase auto insurance in.

Rates are approximated as the specific Georgia residence address can alter coverage rates significantly.

The car, truck, or SUV on the policy is one of the biggest factors when looking for low-cost insurance for drivers under 21. Vehicles with high performance, poor safety ratings, or a history of substantial liability claims will cost more to insure than safer, lower-performance models.

The table below presents auto insurance premiums for a number of the most affordable automobiles to insure in Georgia.

Data rating is based on single female driver age 19, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in specific garaging location which can revise prices substantially.

Looking at the rates, cars like the Ford Escape, Honda CR-V, and Hyundai Elantra are most likely going to be some of the cheaper vehicles to insure for minors. Car insurance rates will be more expensive just because there is more inherent risk for drivers under 21, but overall those makes and models will tend to have the cheapest rates compared to other types of vehicles.

The information below illustrates how choosing a deductible can impact insurance costs when trying to find cheap insurance for drivers under 21. The premiums are based on a married female driver, full coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3377,3089,2761,2447],[‘Age 30’, 2363,2155,1913,1683],[‘Age 40’, 2337,2135,1901,1681],[‘Age 50’, 2047,1873,1673,1483],[‘Age 60’, 1949,1781,1587,1405],[‘Age 70’, 2101,1919,1719,1531]]);var options = {title: ‘Comparison of Deductible Levels and Insurance Cost in Georgia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

As shown above, a 50-year-old driver could reduce rates by $374 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $564 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could lower their rates $930 each year by choosing a higher deductible. If you do make the decision to raise your deductibles, it will be necessary to have enough savings to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Discount Georgia car insurance

Insurance providers that offer the cheapest auto insurance for drivers under 21 in Georgia may provide special discounts that could lower prices by 30% or more if you meet eligibility requirements. The best insurance companies and a partial list of their discounts can be read below.

The chart below illustrates the comparison of premium costs with and without discounts applied to the policy rates. The data is based on a female driver, no accidents or driving violations, Georgia state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with passive restraint, vehicle safety, defensive driving course, safe-driver, anti-theft, and marriage discounts applied. In this example, the average amount saved each year on insurance for drivers under 21 is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 19’, 4263,3049],[‘Age 30’, 2101,1515],[‘Age 40’, 1971,1419],[‘Age 50’, 1721,1241],[‘Age 60’, 1667,1199]]);var options = {title: ‘Insurance Premium Comparison for Drivers Under 21’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

How to get the cheapest auto insurance for drivers under 21 in Georgia

The list below details some of the recommended money-saving suggestions that can help drivers get lower-cost coverage.

• If possible, pay for small claims out-of-pocket
• Do not get tickets or violations
• Buy a vehicle with excellent safety ratings
• Prevent price hikes by avoiding at-fault accidents
• Pay cheaper rates with good credit scores
• Compare rates regularly and switch companies to save money

That last tip is especially critical, as was affirmed in this write-up. Prices charged by auto insurers in Georgia can be changed at any time, so don’t be hesitant to buy a policy from a new company if a cheaper rate is available. Having a favorite company is fine, but we do not recommend it if that stubbornness costs you potentially thousands of dollars a year. Spend a few minutes and compare prices and find cheaper car insurance for drivers under 21.