Cheapest Auto Insurance Quotes for High School Students in Missouri

The words “affordable” and “insurance” really shouldn’t be used together, especially when looking for the lowest insurance rates for high school students. To save some money, let’s get started by showing you a few of the things that have a considerable impact on auto insurance premiums, and find a way to cut the cost of your next policy.

Cost and performance of the vehicle you are buying coverage for is one of the largest considerations when trying to find the cheapest car insurance for high school students in Missouri. Vehicles with average performance, advanced safety features, or a low likelihood of liability claims will cost quite a bit less to insure than higher performance models.

The tables below ranks insurance rates for some of the most economical vehicles to insure.

Table data represents single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in vehicle location which can raise or lower coverage prices noticeably.

Cost estimates assume single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific location which can increase or decrease prices substantially.

Above prices assume single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can alter prices noticeably.

When shopping for the cheapest car insurance for teenagers, one of the many factors that car insurance companies take into consideration when calculating the policy price is where you call home in Missouri. Cities with larger populations like Saint Louis, University City, and Mehlville will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.

The table below ranks the higher priced cities in Missouri for high school students to buy auto insurance in.

Prices are approximated as the garaging address in Missouri can influence insurance rates significantly.

Figuring out which company has the cheapest auto insurance rates for high school students will require a little more sweat in order to find a policy that fits your budget. Each insurer has a different formula to set their prices, so let’s examine the auto insurance companies that tend to be cheaper in Missouri.

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USAA may have some of the best car insurance rates in Missouri at around $648 annually. The Hartford, Electric, Allied, and Travelers also make the cut as some of the best Missouri car insurance companies.

As shown above, if you buy coverage from Travelers and switched to The Hartford, you might achieve a yearly price reduction of in the neighborhood of $191. Missouri drivers with MO Farm Bureau might save as much as $215 a year, and Auto-Owners policyholders might lower prices by up to $220 a year.

These rates are averages for all drivers and vehicles and are not factoring in a price surcharge for high school students. So the company that fits your needs best may not even be included in the list of companies above. That’s why you need to quote rates from as many companies as possible using your own driver data and vehicle information.

Driving violations and accidents

In a perfect world, the ideal way to maintain the cheapest car insurance for high school students in Missouri is to drive safe and avoid accidents and violations. The chart below illustrates how violations and accidents can raise insurance costs for different ages of insureds. The premiums are based on a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.

The chart shows that the average cost of car insurance in Missouri per year with a clean driving record and no accidents is $973. Add in one speeding ticket and the average cost rises to $1,133, an increase of $160 each year. Then throw in two accidents along with the one speeding ticket and the 12-month cost of auto insurance for high school students increases to an average of $2,569. That’s an increase of $1,596, or $133 per month, just for not driving carefully!

Cost of full coverage

Finding the cheapest car insurance for high school students in Missouri should be important to most people, and one common way to save on the cost of insurance is to not insure for full coverage. The illustration below shows the difference between insurance premiums with full coverage compared to only the Missouri minimum liability coverage. The costs are based on no claims or driving violations, $1,000 deductibles, single status, and no discounts are applied to the premium.

If all age groups are averaged, full coverage costs an extra $1,125 per year over having just liability coverage. At some point, about every driver wonders if paying for full coverage is a waste of money. There isn’t a written rule that is best for determining when to drop full coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your vehicle’s replacement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after paying your deductible. If you are paying over $300 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.

Is the best company Progressive, Geico, State Farm, or Allstate?

When comparing car insurance, four companies you’ll want quotes from are Progressive, Geico, State Farm, and Allstate. Combined they make up almost 50% of the entire U.S. car insurance market. The table below ranks price and claims rank as well as some different options that are available for buyers.