Cheapest Car Insurance for High School Students in Montana

Deciding which company quotes the cheapest car insurance rates for high school students will require a tad more effort in order to find the lowest price. Each insurance company uses their own method to set policy rates, so let’s take a look at the car insurance companies that tend to be cheaper in Montana.

It’s important to understand that Montana car insurance rates are influenced by many factors that may substantially change the price of your policy. Getting older, buying a home instead of renting, or getting a couple of tickets may cause policy rate changes that can cause some rates to be much cheaper than others.

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Safeco quotes some of the best car insurance rates in Montana at around $828 annually. Progressive, USAA, State Farm, and MetLife also rank well as some of the cheapest Montana car insurance companies.

As depicted above, if you are a customer of Progressive and switched to Safeco, you might realize annual savings of about $152. Drivers with USAA might save as much as $196 a year, and State Farm insureds might cut rates by $241 a year.

To find the cheapest auto insurance for high school students in Montana, click here to start your custom quote or quote rates from the companies below.

Bear in mind that those rates are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a price increase for high school students. So the auto insurance company that is best for you may not even be featured in the above list. That affirms the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

For teenagers, one of the largest factors that insurance companies take into consideration when calculating the price of your policy is where you keep your vehicle in Montana. Densely populated urban areas like Columbia Falls, Whitefish, and Polson tend to pay more, whereas cities that are not as densely populated have the luxury of the cheapest auto insurance for high school students in Montana.

The next table ranks the highest-priced places in Montana for high school students in which to buy car insurance.

Price information shown is comparative as zip code location can influence coverage rates noticeably.

The make and model of vehicle driven is probably the biggest factor in finding the cheapest auto insurance for high school students in Montana. Vehicles with high performance engines, poor safety features, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models. The list below estimates coverage rates for a selection of the most budget-friendly vehicles to buy insurance for.

Table data represents single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific garaging location which can modify premium rates greatly.

Looking at the numbers, you can figure that cars like the Ford Escape, Honda CR-V, and Hyundai Elantra are going to be a few of the more affordable vehicles to insure for teenagers. Auto insurance rates will be higher anyway because there is a higher risk for high school students, but overall those particular models will have the lowest prices that you are likely to find.

Full coverage versus liability only rates

Finding the cheapest auto insurance for high school students in Montana should be important to most drivers, and one of the quickest ways to lower the cost of insurance is to not buy full coverage. The example below illustrates the difference between car insurance rates when comparing full coverage to liability only. The information is based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are applied to the premium.

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If all age groups are averaged, comp and collision coverage costs $3,305 per year more than just buying liability insurance. Lot’s of drivers question when is it safe to stop buying full coverage. There is no definitive guideline of when to phase out comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

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

When comparing rates for auto insurance for teenagers, the four most popular companies are Geico, Progressive, State Farm, and Allstate. Between them, they make up almost half of all policies written. All offer your standard physical damage and liability coverages, but each one has somewhat different options that policyholders can choose from. The table below compares pricing and service ratings, as well as optional policy coverages shoppers can expect to find with each one.