Who Has the Cheapest Car Insurance for Young Drivers in Washington?

You’ve seen the commercials from auto insurance companies like Nationwide, State Farm, and Progressive that claim dirt cheap rates. So you just need to choose any one of them, right?

It’s not quite that easy, unfortunately, as there are a lot of unknown elements like your age, if you have any tickets or accidents, your vehicle’s safety rating, and your choice of physical damage deductibles. This article should teach you a little about the best ways to maintain low rates and educate you enough to have some help in finding cheaper rates.

Trying to find reasonably-priced insurance is not the easiest thing to do, and deciding which companies have the most affordable auto insurance rates for young drivers will involve additional perseverance. Insurance premiums will probably be quite a bit greater than the average price in Washington, with the increase attributed to the higher likelihood of claims related to selling coverage for youthful drivers, but reasonable coverage should be obtainable if you thoroughly shop around. Every insurance company has a proprietary method to set their prices, so let’s take a look at the lowest cost auto insurance companies in Washington.

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Capital may have some of the lowest car insurance rates in Washington at around $761 annually. Grange, PEMCO, Nationwide, and Travelers would also be considered some of the best Washington insurance companies.

As the rates illustrate above, if you currently have coverage with PEMCO and switched to Capital, you could realize an annual savings of approxmiately $213. Policyholders with Nationwide may save as much as $220 a year, and Travelers customers might reduce prices by as much as $267 a year.

If you want to find out if you’re overpaying, click here to begin a quote or click through to the companies below.

Bear in mind that those premiums are averages across all types of drivers and the different vehicles they drive and and are not calculated with a rate increase for young drivers. So the company that has the lowest price for you may not even be shown in the list of companies shown earlier. That is why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.

We all like different vehicles, and the type of vehicle that needs insurance is one of the primary factors that determines whether or not you can buy cheaper auto insurance for young drivers. Vehicles with lower performance, excellent safety ratings, or a low likelihood of liability claims will cost less to insure than fast, unsafe models. The tables below estimates insurance rates for a selection of the cheapest vehicles to insure in Washington.

Prices based on single female driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in garaging location in Washington which can modify coverage rates greatly.

Above prices assume single female driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Washington minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in specific Washington garaging location which can influence premiums substantially.

Premium data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in zip code location which can modify premiums noticeably.

How violations and accidents impact rates

The obvious way to receive the cheapest auto insurance rates for youthful drivers is to drive carefully and avoid accidents and traffic citations. The illustration below highlights how speeding tickets and fender-benders increase annual premium costs for different ages of insureds. The prices are based on a married male driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.

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In the previous example, the average cost of an auto insurance policy per year with no accidents or violations is $1,931. Factor in two speeding tickets and the average cost jumps to $2,675, an increase of $744 each year. Now add one accident along with the two speeding tickets and the 12-month cost of auto insurance for young drivers goes up to an average of $3,436. That’s an increase of $1,505, or $125 per month, just for not driving responsibly!

How to find budget-friendly auto insurance for young drivers

It’s not impossible to find cheaper rates, and here are some penny-pinching solutions that can help drivers buy lower-cost coverage.

• Speeding tickets and other violations increase rates
• Earn discounts for being claim-free
• Buy a car with high safety ratings
• Maintain a safe distance and avoid accidents
• Bundle home and auto and earn a discount
• On older vehicles, drop full coverage
• Shop around and save

The final tip is extremely critical, as we pointed out in this piece. Auto insurance prices in Washington can change considerably based on profitability, so don’t be tentative to buy a policy from a new company if a lower-cost policy is available. Staying with the same car insurance company is fine, but is isn’t recommended if that loyalty results in overpaying hundreds every year. Take a couple minutes and shop around and find cheaper car insurance for young drivers.