The words “cheap” and “insurance” really shouldn’t be used together, especially when you are trying to find the cheapest coverage for young drivers. To save some money, let’s teach you some situations that influence insurance rates, and see if we can help you take the bite out of the next policy you buy.
Buying low-cost auto insurance is easier said than done, and determining which company quotes the lowest-priced insurance rates for young drivers will take a little more work. Every insurance provider uses their own method for setting prices, so we’ll take a look at the insurance companies with the overall best prices in San Antonio.
It’s important that readers know that San Antonio insurance rates are calculated based on many things that will increase or decrease the price you have to pay for coverage. Price variation is why it is critical to compare many different companies to find the most budget-friendly auto insurance rates for young drivers. Prices consist of many things and can change without notice, so the cheapest company the last time you shopped your coverage around may now be an over-priced policy.
Best Cheap Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,244 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,438 |
| 7 | State Farm | $1,510 |
| 8 | Mercury | $1,521 |
| 9 | Safe Auto | $1,597 |
| 10 | Nationwide | $1,600 |
| 11 | Progressive | $1,647 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,775 |
| 14 | Home State | $2,092 |
| 15 | GEICO | $2,135 |
| 16 | MetLife | $2,249 |
| 17 | Encompass | $2,301 |
| 18 | Unitrin | $2,310 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,568 |
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Travelers quotes some of the most affordable car insurance rates in San Antonio at around $1,010 per year. This is $894 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the more affordable San Antonio, TX car insurance companies.
In the above rates, if you are currently insured with USAA and switched to Travelers, you may realize yearly savings of upwards of $107. Texas drivers with Texas Farm Bureau could save as much as $225 a year, and Germania Mutual policyholders might reduce prices by as much as $234 a year.
To get a fast rate comparison, click here to get a free quote or click several companies below for low rates.
Understand that those premium estimates are averages across all insureds and vehicles and do not factor in a specific vehicle garaging location for young drivers. So the car insurance company that can offer you the best price may not even be in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.
The make and model of vehicle requiring coverage is probably the biggest factor that determines if you can find the most affordable car insurance for young drivers. Vehicles with high performance engines, a lack of advanced safety features, or high incidents of liability claims will cost more to insure than safer, lower-performance models. The data below illustrates insurance rates for some of the more affordable vehicles to insure in Texas.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $4,173 |
| Honda CR-V EX-L 2WD | $4,182 |
| Volkswagen Jetta S 2.5 Station Wagon | $4,425 |
| Toyota Prius | $4,462 |
| Ford F-150 XL Super Cab 2WD | $4,613 |
| Ford Explorer XLT 2WD | $4,652 |
| Ford Edge SE AWD | $4,865 |
| Honda Civic DX 4-Dr Sedan | $4,875 |
| Toyota Camry LE | $4,904 |
| Chevrolet Impala LT | $4,912 |
| Toyota RAV4 Sport 4WD | $4,904 |
| Chevrolet Equinox LT 2WD | $4,909 |
| Dodge Grand Caravan SXT | $4,941 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $4,947 |
| Chevrolet Malibu LT | $4,941 |
| Chevrolet Silverado LS Regular Cab 2WD | $5,029 |
| Ford Focus SES 4-Dr Sedan | $5,115 |
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Data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in vehicle garaging location which can change insurance rates greatly.
Looking at the numbers, we can tell that cars like the Ford Escape, Honda CR-V, Volkswagen Jetta, Toyota Prius, and Ford F-150 are most likely to be a few of the most budget-friendly vehicles to insure for youthful drivers. The cost of a car insurance policy will be more costly just due to the fact that there is more inherent risk for young drivers, but in general those vehicles will most likely have the cheapest rates that you’ll find.
One of the many components that are looked at to help calculate the amount you pay each year for auto insurance is the neighborhood you call home in San Antonio. Larger areas are more likely to have higher rates, whereas areas with less crime or weather claims profit from lower rates.
The next table shows the highest-priced areas in Texas for young drivers to purchase car insurance in. San Antonio is listed at #13 with a yearly premium of $1,688 for car insurance, which is approximately $141 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Brownsville | $1,908 |
| 3 | Dallas | $1,893 |
| 4 | Amarillo | $1,858 |
| 5 | Houston | $1,835 |
| 6 | Laredo | $1,833 |
| 7 | Garland | $1,832 |
| 8 | Grand Prairie | $1,811 |
| 9 | Mesquite | $1,807 |
| 10 | Beaumont | $1,772 |
| 11 | Pasadena | $1,740 |
| 12 | Irving | $1,736 |
| 13 | San Antonio | $1,688 |
| 14 | Fort Worth | $1,670 |
| 15 | Lubbock | $1,665 |
| 16 | Carrollton | $1,664 |
| 17 | Arlington | $1,642 |
| 18 | Corpus Christi | $1,620 |
| 19 | El Paso | $1,616 |
| 20 | Austin | $1,610 |
| Compare Prices Now Go | ||
Rates are estimated as specific San Antonio zip code can lower or raise prices noticeably.
The chart below demonstrates how choosing different deductibles can affect insurance premiums when searching for cheap insurance for young drivers. The rates are based on a single female driver, full coverage, and no discounts are factored in.
In the chart above, a 50-year-old driver could reduce rates by $408 a year by changing from a $100 deductible to a $500 deductible, or save $612 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could reduce their rates $1,048 or more by choosing a higher deductible. When increasing deductibles, it will be necessary to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Poor driving habits will raise your insurance rates
A great way to snag the cheapest insurance rates for youthful drivers is to drive safe and not get tickets or have accidents. The illustration below shows how violations and accidents drive up insurance costs for each different age category. The premiums are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
The data in the chart shows the average cost of car insurance per year with a clean driving record and no accidents is $2,274. Factor in two speeding tickets and the average cost hikes up to $3,145, an increase of $870 each year. Then include one accident along with the two speeding tickets and the 12-month cost of insurance for young drivers goes up to an average of $4,034. That’s an increase of $1,760, or $147 per month, just for not being more responsible behind the wheel!
Why you should be shopping around
San Antonio insurance rates are influenced by many factors that control the price you have to pay. Improving your credit rating, having a claim, or getting into an accident may generate price changes that can make some companies cheaper than before. In addition to those changes, insurance companies amend premium rates as often as every three months in order to be able to pay unexpected claims. Significantly higher claims can result in increased policy costs, while profitable underwriting may cause lower-cost San Antonio car insurance rates.
For example, the bar chart below shows a variety of companies that have the cheapest car insurance in San Antonio, TX for a 40-year-old female driver with a clear driving record, no claims, and good financial standing. If we estimate prices based on her personal risk profile, Travelers may offer the most affordable car insurance rates in San Antonio at $1,181 per year. This is $723 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the cheapest San Antonio, TX auto insurance companies.
In this example, we will give the driver in the first example a claim or two, bad credit, and a traffic ticket or two. Due to the fact that every auto insurer has a unique approach for setting prices, comparing quotes may now result in a completely different list of affordable companies as shown below.
State Farm now has the lowest price on auto insurance in San Antonio with Mercury, Nationwide, Safe Auto, and USAA completing the list. This shows why it is crucial to compare as many rates as possible to find cheap insurance rates for young drivers.
Auto insurance prices are impacted by many things and change substantially, so the best price a year ago may now cost much more than other companies.
The agents listed below can provide answers to your questions and help you determine which coverage meets your needs best, since some drivers wish to get help from a professional when shopping for the best coverage for young drivers. It’s not always simple to find the best policy yourself, and insurance agents licensed in the state of Texas can bring comfort knowing your coverage gives you suitable coverage if you have an accident. To locate a San Antonio car insurance agency using an interactive map, click the button link following the list or click here to compare prices now.
- Jaime Luna – State Farm Insurance Agent
9719 Poteet Jourdanton Fwy Ste 103 – San Antonio, TX 78211 – (210) 927-5862 - Donna Vaughn – State Farm Insurance Agent
6722 S Flores St – San Antonio, TX 78221 – (210) 922-8787 - Tom Fladd – State Farm Insurance Agent
9023 Huebner Rd #108 – San Antonio, TX 78240 – (210) 684-5253