The type of vehicle driven is probably the largest consideration when comparison shopping for low-cost insurance for young drivers. Vehicles with lower acceleration and performance, modern passenger safety features, or a positive history of liability claims will cost substantially less to insure than adrenaline junky models.
The list below estimates car insurance prices for the cheaper vehicles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$8,183|
|Honda Accord LX 4-Dr Sedan||$8,188|
|Honda CR-V LX 4WD||$8,183|
|Honda Odyssey LX||$9,085|
|Toyota Tacoma 4WD||$9,171|
|Ford Explorer XLT 2WD||$9,178|
|Jeep Wrangler Sahara 4WD 2-Dr||$9,171|
|Jeep Grand Cherokee Laredo 2WD||$9,708|
|Chevrolet Equinox LS 2WD||$9,718|
|Toyota RAV4 Limited 2WD||$9,708|
|Dodge Grand Caravan Hero||$9,716|
|Chevrolet Impala LT||$9,708|
|Nissan Altima 2.5 S 4-Dr Sedan||$10,244|
|Hyundai Elantra SE 4-Dr Sedan||$10,253|
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Data rating is based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in Los Angeles, CA location which can lower or raise premiums considerably.
Based upon the table data, we can tell that cars like the Ford Escape, Honda Accord, and Honda CR-V are the more affordable vehicles to insure for youthful drivers. Rates will be more costly because there is more claim risk for young drivers, but in general those particular vehicles will tend to have the lowest prices possible.
Deciphering which company quotes the lowest-priced car insurance rates for young drivers will involve a bit more effort than just comparing a company or two. Each auto insurance company uses a slightly different approach to determine rates, so let’s examine the most affordable car insurance companies in Los Angeles, CA.
It’s important that you understand Los Angeles, CA car insurance rates are calculated based on many things that control the cost of your policy. Turning one year older, adding a teenager to your policy, or getting caught speeding may generate price changes resulting in some companies being cheaper than others.
Find the Cheapest Auto Insurance for Teens
|Rank||Company||Cost Per Year|
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USAA has some of the cheapest car insurance rates in Los Angeles at around $1,143 each year. Wawanesa, Nationwide, Century National, and CSAA also are some of the more affordable Los Angeles, CA auto insurance companies.
In the rate table above, if you are a policyholder with Wawanesa and switched to USAA, you might see yearly savings of about $3. California drivers with Nationwide might save as much as $70 a year, and Century National policyholders might lower prices by up to $83 a year.
To find the cheapest coverage for you, click here to get quotes or visit any of the companies below.
Understand that those premium estimates are averages across all types of drivers and the different vehicles they drive and and are not calculated with an exact location for young drivers. So the company that can offer you the best rate may not even be in the top 24 companies in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own individual information.
The chart below illustrates how your choice of deductibles can affect annual premium costs when quoting cheap insurance for young drivers. The costs are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
In the chart above, a 30-year-old driver could pocket $400 a year by increasing from a $100 deductible up to a $500 deductible, or save $604 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old example, could roll back prices up to $888 or even more just by choosing higher deductibles when buying full coverage.
When choosing a higher deductible, it is necessary to have additional funds in a savings account to satisfy the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Driving violations and accidents
The easiest way to receive low car insurance prices in Los Angeles for youthful drivers is to drive attentively and not get tickets or have accidents. The chart below illustrates how speeding tickets and accidents can raise car insurance rates for each different age group. The costs are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
The data charted above shows the average cost of a car insurance policy per year with no violations or accidents is $1,570. Get written up for one speeding ticket and the average cost rises to $1,810, an increase of $239 each year. Then include two accidents along with the one speeding ticket and the 12-month cost of car insurance for young drivers jumps again to an average of $4,052. That’s an increase of $2,482, or $207 per month, just for being a less-than-perfect driver!
Discounts on Los Angeles auto insurance rates
Insurance providers that provide coverage for young drivers may also provide discounts that can reduce rates by as much as 35% or more if you are eligible for them. The best car insurance companies and their possible discounts are included below.
- American Family may offer discounts for good student, mySafetyValet, TimeAway discount, early bird, good driver, and Steer into Savings.
- Nationwide policyholders can earn discounts including anti-theft, family plan, multi-policy, Farm Bureau membership, and defensive driving.
- MetLife offers discounts for defensive driver, good driver, good student, accident-free, multi-policy, and claim-free.
- 21st Century may include discounts for automatic seat belts, anti-lock brakes, student driver, good student, homeowners, and 55 and older.
- Farmers Insurance offers discounts including good student, distant student, youthful driver, multi-car, electronic funds transfer, early shopping, and pay in full.
- Allstate discounts include EZ pay plan discount, good student, resident student, premier discount, and utility vehicle.
The chart below visualizes the comparison of car insurance costs with and without discounts being applied to the rates. The premium estimates are based on a female driver, no driving violations, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with paperless filing, paid-in-full, anti-theft, passive restraint, vehicle safety, and continuous coverage discounts applied. In this example, the average savings per year on car insurance for young drivers is 28% or $625.
How to find the cheapest car insurance for young drivers
The list below details a few money-saving suggestions that can help California drivers get lower-cost coverage.
- Being accident-free can lower rates significantly
- Pay less by remaining claim-free
- Good credit can mean cheaper rates
- Vehicles with good safety ratings are usually cheaper to insure
- Violations like speeding or DUI increase rates
- Shop around once a year for cheaper rates
The last item on the list is very necessary, as we discussed in the prior article. Coverage prices fluctuate constantly, so don’t be tentative to buy from a different company if a more affordable rate is found. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that loyalty ends up costing a fortune every year. Spend a few minutes and compare prices and find cheaper insurance for young drivers in Los Angeles.
If you aren’t sure which coverage to buy and prefer to get some help when trying to find the best insurance rates for young drivers, the agents shown below are a good start to answer your questions and help you decide which is the best policy.
To find an auto insurance agency closest to you, click the button at the bottom.
Choice Insurance Agency
1601 S La Brea Ave – Los Angeles, CA 90019 – (323) 933-9888
Sean Paul Insurance Agency
3101 Silver Lake Blvd – Los Angeles, CA 90039 – (323) 667-9180
Glenda Greene – State Farm Insurance Agent
3824 Crenshaw Blvd – Los Angeles, CA 90008 – (323) 293-9990
Nationwide Insurance: Caiquo Insurance Agency
5757 W Century Blvd #700 – Los Angeles, CA 90045 – (310) 348-9936