The vehicle model requiring coverage is probably the most important factor when shopping for low-cost auto insurance for a school permit. Vehicles with higher performance characteristics, poor safety features, or a track record of large liability claims will cost much more to insure than safer models. The next list ranks insurance premiums for a handful of the most economical vehicles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$8,351|
|Ford Escape XLT 2WD||$8,357|
|Hyundai Elantra SE Touring Station Wagon||$8,987|
|Ford Explorer XLT 2WD||$9,366|
|Ford F-150 XLT Super Cab 2WD||$9,371|
|Toyota Tacoma 2WD||$9,827|
|Chevrolet Impala LS||$9,834|
|Ford Edge SEL AWD||$9,827|
|Chevrolet Equinox LS 2WD||$9,914|
|Toyota RAV4 2WD||$9,924|
|Nissan Altima 2.5 4-Dr Sedan||$9,914|
|Chevrolet Malibu Hybrid||$9,921|
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Data assumes 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 specific zip code location which can influence price quotes substantially.
Based upon these rates, models like the Honda CR-V, Ford Escape, Hyundai Elantra, Toyota Prius, and Ford Explorer are most likely to be some of the most budget-friendly vehicles to insure for a learners permit. The cost of a car insurance policy will tend to be more expensive anyway just because there is more exposure for a school permit, but overall those models will have the cheapest rates possible.
Deciding which company offers the lowest-priced car insurance rates for a school permit calls for more work in order to find coverage that fits your budget.
Every car insurance company uses their own formula for filing rates in each state, so let’s take a look at the car insurance companies that tend to have lower prices in California. It’s a good idea to know that Los Angeles, CA car insurance rates are based on many factors which can significantly increase or decrease the policy premium. Improving your credit score, increasing deductibles, or having an accident may generate price changes that can now make some companies cheaper than others.
Find the Cheapest Car Insurance for Students
|Rank||Company||Cost Per Year|
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USAA quotes some of the most affordable car insurance rates in Los Angeles at around $1,109 each year. This is $542 less than the average premium paid by California drivers of $1,651. Century National, Wawanesa, Nationwide, and CSAA would also make the list of some of the most economical Los Angeles, CA car insurance companies.
In the above example, if you currently buy coverage from Nationwide and switched to USAA, you could realize an annual premium reduction of roughly $104. Insureds with CSAA may save as much as $113 a year, and 21st Century policyholders might reduce rates by $257 a year.
To find out how your current rates compare, click here or visit any of the companies below.
Bear in mind that those policy prices are averaged for all ages of drivers and types of vehicles and are not factoring in an exact location for a school permit. So the insurer that has the cheapest price for you may not even be in the top 24 companies shown above. That illustrates why you need to compare prices as often as possible using your own driver data and vehicle information.
Safe drivers pay less for car insurance
One of the best ways to find good car insurance prices for a learners permit is to drive attentively and avoid accidents and keep your driving record clean. The illustration below illustrates how speeding tickets and at-fault collisions influence insurance premiums for different age categories. The rate quotes are based on a married male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy in Los Angeles per year with no violations or accidents is $1,975. Add in one speeding ticket and the average cost increases to $2,269, an increase of $294 each year. Then add one accident along with the one speeding ticket and the annual cost of car insurance for a school permit increases to an average of $3,087. That’s an increase of $1,112, or $93 per month, just for not being a responsible driver!
The illustration below demonstrates how deductible levels can influence yearly insurance costs when researching cheap insurance for a school permit. Data assumes a married male driver, comprehensive and collision coverage, and no discounts are factored in.
In the chart above, a 50-year-old driver could save $416 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $626 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old example, have the ability to save $1,398 or more by choosing a larger deductible amount. When using a larger deductible, it’s a good idea to have emergency funds available to allow you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Compare quotes and save
Los Angeles, CA car insurance rates are based on many factors which can substantially change your annual premium. Simply having a birthday, marrying your spouse, or getting caught speeding can trigger changes in premium resulting in some companies being much cheaper than others. Not only may your risk profile change, but insurers modify pricing as often as every three months to adjust for unexpected claims or profits. Heavier than normal losses may cause high rates, while lower claims may produce lower-cost Los Angeles car insurance rates.
The graph below shows the companies that have the cheapest car insurance in Los Angeles, CA for a 45-year-old female driver with a clean driving record, no accidents, and a good credit history. Based on her current risk factors, USAA quotes the lowest car insurance rates in Los Angeles at $1,854 annually. This is $203 more than the average price paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide also make the list of the most affordable Los Angeles, CA auto insurance companies.
In the next rate comparison, we’ll give the driver from above a chargeable claim, bad credit, and a traffic ticket or two. Because each company has a unique formula to determining premium rates, comparing prices could now result in a different list of cheap Los Angeles auto insurance companies as shown below.
Grange now has the lowest car insurance rate in Los Angeles, CA with Progressive, GEICO, Mercury, and Allstate now rounding out the top five. This example shows why it is crucial to compare as many rates as possible to get the cheapest insurance quotes for a school permit. Car insurance prices are made up of many factors and can increase or decrease at any time, so the cheapest company the last time you shopped your coverage around may now be costing you a lot of money.
If you aren’t clear which coverage you need and would like to have the advice of a professional agent when comparing insurance rates for a school permit, the insurance agencies listed below can most likely help you make a decision which auto insurance policy fits you best. To locate a Los Angeles insurance agent using an interactive map, click the button at the bottom of the list.
- Laura Mora – State Farm Insurance Agent
5858 N Figueroa St a – Los Angeles, CA 90042 – (323) 478-9346
- Allstate Insurance: David Bang
1145 S Western Ave – Los Angeles, CA 90006 – (323) 733-6680
- Gregory Kim – State Farm Insurance Agent
3580 Wilshire Blvd #130 – Los Angeles, CA 90010 – (213) 365-2071