You have seen the captivating commercials from insurers like Allstate and Liberty Mutual that make promises of dirt cheap rates. So drivers should just choose the one with the most memorable commercial, right?
That is not the case, however, as there are a whole slew of unknown factors like how well you maintain your credit, if you own your own home, and if you have a tendency to get pulled over. We are going to cover the best ways to save money and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.
The vehicle that needs insurance is probably the most important factor that determines the availability of cheaper car insurance for 19 year olds. Vehicles with higher performance characteristics, a lack of advanced safety features, or high incidents of liability claims will cost quite a bit more to insure than more modest models.
The next list illustrates coverage costs for the cheaper vehicles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$3,089|
|Ford Escape XLT 4WD||$3,128|
|Honda Odyssey LX||$3,410|
|Toyota Tacoma 2WD||$3,626|
|Ford Focus S 4-Dr Sedan||$3,632|
|Chevrolet Impala LT||$3,665|
|Volkswagen Jetta S 4-Dr Sedan||$3,673|
|Toyota RAV4 4WD||$3,665|
|Chevrolet Malibu LS||$3,672|
|Dodge Grand Caravan Crew||$3,704|
|Ford Explorer Eddie Bauer AWD||$3,709|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$3,774|
|Hyundai Elantra Blue 4-Dr Sedan||$3,840|
|Ford Edge Limited AWD||$3,879|
|Toyota Camry SE||$3,887|
|Chevrolet Silverado LS Crew Cab 4WD||$3,918|
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Cost estimates assume single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific location which can lower or raise price quotes substantially.
Looking at the data, you can conclude that models like the Honda CR-V, Ford Escape, and Toyota Prius should be a few of the cheaper vehicles to insure for teenage drivers. Prices will tend to be higher because of the fact that there is a higher risk for 19 year olds, but overall those specific models will have the cheapest car insurance rates compared to all other vehicles.
One of the many things that determine the price you pay for insurance is where your residence is. Cities with more crime and/or more people tend to have more expensive car insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.
The next table lists the highest-priced places in Texas for 19 year olds to purchase car insurance in. Plano comes in at #19 with the annual price of $1,608 for the average insured, which is approximately $134 each month.
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Rates are estimated as the vehicle garaging location can change prices substantially.
Insuring your vehicle with the top auto insurance company is hard considering how many choices there are in Plano. The company ratings in the lists below could help you decide which coverage providers to look at when insurance shopping for 19 year olds. The ratings below are only made up of companies with a national presence, so companies that only write business in Texas or surrounding areas are not taken into consideration for this list.
Top 10 Major Auto Insurance Providers in Plano Ranked by Customer Satisfaction
- USAA - 91%
- AAA Insurance - 90%
- Esurance - 90%
- Mercury Insurance - 89%
- Nationwide - 89%
- Travelers - 88%
- Progressive - 88%
- Safeco Insurance - 88%
- State Farm - 88%
- Allstate - 88%
Top 10 Major Auto Insurance Providers in Plano Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
How to get discounts on Plano auto insurance rates
Insurance providers that offer quotes for 19 year olds may also give you price discounts that can lower rates by as much as 35% if you qualify. A list of auto insurance companies and their possible discounts include:
- Farm Bureau may offer discounts for multi-policy, driver training, renewal discount, safe driver, multi-vehicle, and good student.
- State Farm includes discounts for accident-free, defensive driving training, good student, passive restraint, and driver's education.
- Progressive offers discounts for multi-vehicle, online signing, good student, continuous coverage, and online quote discount.
- Allstate has savings for economy car, eSmart discount, anti-theft, defensive driver, auto/life discount, and EZ pay plan discount.
- Nationwide offers discounts including family plan, accident-free, good student, Farm Bureau membership, business or organization, defensive driving, and easy pay.
- MetLife may include discounts for claim-free, multi-policy, good student, accident-free, and defensive driver.
The example below shows the comparison of insurance costs with and without discounts applied. The data is based on a female driver, no violations or claims, Texas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with homeowner, multiple policy, claim-free, marriage, vehicle safety, and safe-driver discounts applied. When discounts are factored in, the average amount saved each year on auto insurance for 19 year olds is 28% or $755.
Your low-price policy may be costing you money
Texas auto insurance rates are calculated based on many things that may substantially change your annual premium. Simply getting older, getting divorced, or getting a driving violation may generate price changes that can cause some rates to be much cheaper than others.
In addition to those changes, car insurance companies change prices every year in order to remain profitable. Higher than usual claims may result in additional price hikes, while a better loss history can cause cheaper Plano car insurance rates.
To help illustrate this point, the bar chart below compares the cheapest car insurance in Plano, TX for a 45-year-old female driver with no violations or accidents, and good financial standing. If we estimate prices based on her personal risk profile, Travelers may offer the most affordable car insurance rates in Plano at $1,114 each year. This is $790 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also included in the cheapest Plano, TX auto insurance companies.
Now we will give the driver in the first example a claim, bad credit, and a traffic citation. Since each insurance company has their own formula to determine rates, analyzing rate quotes may now present a substantially altered list of companies as shown below.
USAA now has the best car insurance rate in Plano with State Farm, Mercury, Nationwide, and Safe Auto also being competitive. This example illustrates why it is so important to take the time to shop around when trying to find the cheapest auto insurance quotes for 19 year olds. Car insurance prices can be determined by many things and change frequently, so the lowest-price company when you last compared rates may now be an over-priced policy.
How to find economical auto insurance for 19 year olds
The list below summarizes many money-saving suggestions that can help you locate cheap car insurance.
- Higher credit scores can equal lower rates
- Accidents can significantly increase rates
- Raise deductibles
- Safe vehicles cost less to insure
- Avoid getting citations and tickets
- Remove physical damage coverage on older vehicles
- Shop around once a year for cheaper rates
That last tip is highly vital, as was pointed out in the prior information. Prices charged by auto insurers in Plano can change considerably in a year, so drivers shouldn't be reluctant to switch to a new company if you find a better deal.
Having a favorite company is fine, but it's not recommended if it's costing you a lot of money. It only take a few minutes to compare prices and find cheaper car insurance for 19 year olds.
The insurance agents in Plano listed below can help you make a decision which is the best policy, as lots of drivers aren't clear which coverage they need and would like to have a professional recommendation when trying to find the best insurance rates for teenage drivers. It can be complicated to find the cheapest rate yourself, so getting advice from a licensed agent can provide you peace of mind knowing you have sufficient protection if you have a claim.
To locate a Plano auto insurance agent closest to you, click the button at the bottom.
Earl Manns Jr - State Farm Insurance Agent
3020 Legacy Dr #190 - Plano, TX 75023 - (972) 208-3705
Texas FIrst Rate Insurance Agency
2105 W Spring Creek Pkwy #375c - Plano, TX 75023 - (972) 467-6500
Kelly Cook - State Farm Insurance Agent
5068 W Plano Pkwy Ste 277 - Plano, TX 75093 - (972) 250-4700