Who Has the Cheapest Car Insurance for Teenagers in Texas?

The words “low-cost” and “insurance” really should not be used together, specifically when trying to find the best insurance rates for teenagers. To help control this cost, let’s get started by showing you some of the factors that have an impact on car insurance rates, and come up with some ideas to lower the price of your next policy.

Cost and performance of the vehicle needing coverage is one of the largest factors when trying to find the cheapest car insurance for teenagers in Texas. Vehicles with reasonable performance levels, good crash test ratings, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models.

The next tables outlines coverage premiums for a number of the most economical vehicles to insure in Texas.

Data based on single female driver age 17, 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 specific Texas garaging location which can affect premium rates considerably.

Data rating is based on single female driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific Texas garaging location which can influence coverage prices considerably.

Table data represents single female driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in garaging location in Texas which can impact insurance rates substantially.

One of the many considerations that is looked at to help calculate the amount you pay for auto insurance is where your residence is. Areas with increased crime or more people like McAllen, Laredo, and Houston are more likely to pay higher prices, whereas areas that tend to be more rural have the gratification of the cheapest car insurance for teenagers in Texas.

The next table lists the highest-priced places in Texas for teenagers to buy auto insurance in.

Premium amounts are comparative as the specific geographic location can increase or decrease coverage rates considerably.

Full coverage or liability only

Finding the cheapest car insurance for teenagers in Texas is the goal of the majority of vehicle owners, and an easy way to reduce the cost of insurance is to not buy full coverage. The example below shows the difference between insurance prices with full physical damage coverage compared to only buying liability only. The data is based on no accidents or driving violations, $100 deductibles, drivers are single, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 3735,1151],[‘Age 30’, 1941,633],[‘Age 40’, 1923,587],[‘Age 50’, 1747,549],[‘Age 60’, 1691,541],[‘Age 70’, 2047,721]]);var options = {title: ‘Full Coverage Rates Versus Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Texas’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average all the age groups together, physical damage coverage costs an additional $2,181 per year more than carrying just liability coverage. At some point, about every driver wonders if buying full coverage is a good investment. There is no set guideline to drop physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your vehicle’s replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after the deductible is paid. If premiums are more than $700 annually for full coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where eliminating full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Discount Texas auto insurance rates

Insurers that provide the cheapest car insurance for teenagers in Texas may have price discounts that may potentially lower prices by as much as 35% if you meet certain criteria. Companies and some of their more popular discounts are:

The information below illustrates the comparison of auto insurance rates with and without policy discounts. The costs are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with passive restraint, good student, vehicle safety, paperless filing, paid-in-full, and anti-theft discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for teenagers is 16% or $163.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 17’, 7553,5405],[‘Age 30’, 2569,1863],[‘Age 40’, 2565,1855],[‘Age 50’, 2333,1685],[‘Age 60’, 2257,1633]]);var options = {title: ‘Insurance Premium Comparison for Teenagers’,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’,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);}