The words “low-cost” and “insurance” really should not be used together, specifically when shopping around for the best coverage prices for 16 year olds. To help control this cost, let’s learn about some of the factors the can have a considerable influence on auto insurance rates, and figure out some ways to cut the cost of the next policy you buy.
The car, truck, or SUV you are insuring is probably the biggest factor when shopping around for the best coverage for 16 year olds. Vehicles with higher performance characteristics, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models.
The information below illustrates coverage costs for a selection of the most affordable automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $5,399 |
| Honda Accord LX 4-Dr Sedan | $5,407 |
| Ford Escape XLT 4WD | $5,451 |
| Honda CR-V EX-L 2WD | $5,461 |
| Toyota Prius | $5,835 |
| Ford Edge SE 2WD | $6,019 |
| Ford Explorer Eddie Bauer 2WD | $6,071 |
| Dodge Grand Caravan CV | $6,077 |
| Honda Civic DX 4-Dr Sedan | $6,350 |
| Chevrolet Equinox LS 2WD | $6,402 |
| Volkswagen Jetta S 4-Dr Sedan | $6,408 |
| Toyota RAV4 Limited 4WD | $6,402 |
| Nissan Altima 2.5 4-Dr Sedan | $6,410 |
| Get a Custom Quote Go | |
Data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in zip code location which can raise or lower auto insurance rates noticeably.
By looking at the data, we can conclude that vehicles like the Hyundai Elantra, Honda Accord, Ford Escape, and Honda CR-V will definitely be the less-costly vehicles to insure for new drivers. The cost of a car insurance policy will tend to be more expensive anyway just due to the fact that there is more claim risk for 16 year olds, but generally speaking those specific models will tend to have the cheapest rates possible.
Determining which insurers offer the cheapest insurance rates for 16 year olds requires more time than just getting one or two price quotes. Every insurance provider uses their own calculation for establishing rates, so to begin we’ll rank the most affordable insurance companies in Florida.
Find the Cheapest Auto Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $977 |
| 2 | Amica | $1,694 |
| 3 | Electric | $1,764 |
| 4 | Progressive | $1,847 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,933 |
| 7 | Allied | $1,945 |
| 8 | Auto-Owners | $2,085 |
| 9 | Esurance | $2,102 |
| 10 | State Farm | $2,131 |
| 11 | GEICO | $2,150 |
| 12 | Allstate | $2,411 |
| 13 | 21st Century | $2,469 |
| 14 | Windhaven Insurance | $2,575 |
| 15 | MetLife | $2,958 |
| 16 | Hanover | $2,964 |
| 17 | Safeco | $3,016 |
| 18 | Liberty Mutual | $3,039 |
| 19 | United Automobile | $3,422 |
| 20 | Direct General | $4,062 |
| Find Your Rate Go | ||
USAA normally has some of the lowest car insurance rates in Orlando at around $977 a year. Amica, Electric, Progressive, and Travelers also qualify as some of the best Orlando, FL car insurance companies.
In this example, if you are a customer of Travelers and switched to Amica, you might achieve yearly savings of around $175. Florida drivers with Mercury may save as much as $239 a year, and Allied customers might reduce prices by as much as $251 a year.
Remember that these premiums are averaged for all types of drivers and the different vehicles they drive and do not factor in an exact zip code location for 16 year olds. So the auto insurance company that can offer you the lowest price may not even be in the top 21 companies shown above. That emphasizes why you need to get quotes using your own specific driver information and vehicle.
For new drivers, one of the more important considerations that are used to help calculate the annual cost of car insurance is where your car is garaged in Orlando. Areas with high crime rates or more dense population tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims receive better rates.
The table below ranks the highest-priced places in Florida for 16 year olds to purchase a policy in. Orlando shows up at #17 costing $2,069 for the average policy, which is approximately $172 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Hialeah | $3,595 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,149 |
| 4 | Miami Beach | $2,953 |
| 5 | Tampa | $2,636 |
| 6 | Pompano Beach | $2,620 |
| 7 | Hollywood | $2,604 |
| 8 | Miramar | $2,603 |
| 9 | West Palm Beach | $2,599 |
| 10 | Coral Springs | $2,574 |
| 11 | Pembroke Pines | $2,505 |
| 12 | Fort Lauderdale | $2,475 |
| 13 | Davie | $2,473 |
| 14 | Brandon | $2,298 |
| 15 | St. Petersburg | $2,219 |
| 16 | Clearwater | $2,172 |
| 17 | Orlando | $2,069 |
| 18 | Spring Hill | $2,060 |
| 19 | Jacksonville | $2,040 |
| 20 | Port St. Lucie | $1,935 |
| 21 | Cape Coral | $1,841 |
| 22 | Lakeland | $1,827 |
| 23 | Palm Bay | $1,786 |
| 24 | Tallahassee | $1,731 |
| 25 | Gainesville | $1,680 |
| Compare Rates Now Go | ||
Table data uses comparative as specific location information can lower or raise auto insurance rates substantially.
How accidents and violations affect rates
The easiest method to earn good insurance rates in Orlando for new drivers is to drive safe and avoid at-fault accidents and violations. The information below demonstrates how speeding tickets and at-fault fender-benders can impact insurance costs for different insured age categories. The costs are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
In the previous example, the average cost of auto insurance in Orlando per year with no accidents and a clean driving record is $1,486. Get one speeding ticket and the average cost surges to $1,710, an increase of $224 each year. Then add in one accident along with the one speeding ticket and the 12-month cost of insurance for 16 year olds jumps again to an average of $2,330. That’s an increase of $844, or $70 per month, just for not maintaining a clean driving record!
Orlando insurance companies ranked
Selecting a highly-rated insurance provider can be challenging considering how many different companies there are to choose from in Orlando. The ranking data below could help you select which car insurance companies to look at purchasing from. These rankings are only made up of companies with a nationwide focus, so companies with more of a regional focus are not factored into this list.
Top 10 Major Car Insurance Companies Overall in Orlando
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Types of discounts on Orlando car insurance
Car insurance companies that provide policies for 16 year olds may also give you premium discounts that may potentially lower prices by 35% or more if you are eligible for them. Larger insurance companies and a partial list of their discounts can be found below.
- Farm Bureau may offer discounts for youthful driver, renewal discount, multi-vehicle, good student, and 55 and retired.
- MetLife policyholders can earn discounts including defensive driver, good student, accident-free, good driver, multi-policy, and claim-free.
- Progressive offers discounts for online quote discount, homeowner, good student, multi-policy, online signing, multi-vehicle, and continuous coverage.
- AAA has savings for education and occupation, anti-theft, pay-in-full, good student, multi-car, and good driver.
- American Family offers discounts including bundled insurance, good driver, air bags, good student, mySafetyValet, and accident-free.
- GEICO offers premium reductions for daytime running lights, anti-theft, seat belt use, air bags, and defensive driver.
- State Farm has discounts for Steer Clear safe driver discount, Drive Safe & Save, student away at school, driver’s education, multiple autos, passive restraint, and good student.
The diagram below shows the comparison of insurance premiums with and without discounts applied to the rates. The costs are based on a female driver, no tickets, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with paid-in-full, paperless filing, good student, passive restraint, anti-theft, and vehicle safety discounts applied. With discounts applied, the average savings per year on insurance for 16 year olds is 28% or $1,085.
How to find cheaper insurance for 16 year olds
It is possible to find better rates, and here are some of the better penny-pinching ideas that can help Florida drivers get lower-cost coverage.
- Accidents can significantly increase rates
- Don’t waste money on full coverage for older vehicles
- Increase physical damage deductibles
- Vehicles with good safety ratings have lower liability rates
- Good credit can mean cheaper rates
- Ensure your driving record is clean
- Shop around for cheaper prices
The last tip is notably significant, as was stressed in the prior article. Prices charged by companies in Orlando can be changed at any time, so don’t hesitate to switch carriers if you find a better deal. Being loyal to a particular company is commendable, but we do not recommend it if that inflexibility results in costing you money that could be going to better use. It only takes a couple minutes to shop around and find cheaper auto insurance for 16 year olds.