How Much Does Auto Insurance Cost for 16 Year Olds in Texas?

The type of vehicle you are buying coverage for is a large factor when shopping for cheap insurance for 16 year olds in Texas. Vehicles with limited speed and performance, excellent safety ratings, or a track record of few liability claims will cost much less to insure than adrenaline junky models. The table below outlines coverage rates for some of the more afforable automobiles to buy insurance for.

Table data represents single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in your specific Texas location which can impact coverage prices noticeably.

Looking at the data, you can presume that vehicles like the Ford Escape, Honda CR-V, Chevrolet Traverse, Volkswagen Jetta, and Honda Accord are likely to be the cheapest vehicles to insure for new drivers. Car insurance rates will be more expensive because of the fact that there is more liability risk for 16 year olds, but generally speaking those vehicles will probably have the best rates possible.

For Texas drivers, one of the factors that auto insurance companies use when figuring the annual cost of car insurance is your zip code in Texas. Larger areas like McAllen, Houston, and Laredo tend to have more expensive auto insurance rates, whereas cities that are not as densely populated have the luxury of lower rates.

The following table shows the most costly cities in Texas for 16 year olds to purchase auto insurance in.

Prices are estimated as specific Texas garaging address can raise or lower premiums significantly.

How accidents and tickets impact rates in Texas

In a perfect world, the ideal way to obtain cheap insurance for 16 year olds in Texas is to be a careful driver and avoid traffic citations and accidents. The chart below demonstrates how citations and fender-benders increase insurance premiums for each age group. Data assumes a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 5127,5503,8645],[‘Age 30’, 2631,3007,6151],[‘Age 40’, 2617,2993,6139],[‘Age 50’, 2381,2755,5897],[‘Age 60’, 2299,2675,5821],[‘Age 70’, 2791,3167,6309]]);var options = {title: ‘Impact of Violations and Accidents on Texas Insurance Prices’,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 Texas’,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 data charted above shows the average cost of a car insurance policy in Texas per year with a clean driving record and no accidents is $2,974. Receive one speeding ticket and the average cost jumps to $3,350, an increase of $376 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of insurance for 16 year olds jumps again to an average of $6,494. That’s an increase of $3,519, or $293 per month, just for a couple of infractions!

Which car insurance company is best?

If you are shopping around for auto insurance for new drivers in Texas, the companies that insure more vehicles than anyone else are Geico, Allstate, Progressive, and State Farm. When added together, they insure about half of the car insurance market in the United States. The following table compares price and claims rank as well as some different options offered by each one.

How to find cheap insurance for 16 year olds in Texas

The list below shows some of the recommended money-saving ideas that can help you quote cheaper coverage.

• Avoid getting citations and tickets
• Pay for smaller claims out-of-pocket
• Do not waste money insuring older vehicles for full coverage
• Do not get into accidents that are your fault
• Higher deductibles mean lower rates
• Keep rates low by shopping around frequently

The last tip is highly necessary, as was stressed in the article above. Insurance prices in Texas adjust frequently, so drivers shouldn’t be resistant to change to a new company if you can save money.

Having brand loyalty is commendable, but it’s not a great idea if your bullheadedness ends up costing you a wad of cash every year. It only takes a couple minutes to shop around to find cheaper auto insurance for 16 year olds.