Best Cheap Auto Insurance for 17 Year Olds in Georgia

The words “affordable” and “insurance” really should not be used together, in particular when comparison shopping for the lowest insurance prices for 17 year olds. To help control this cost, let’s learn about a few of the things that significantly impact insurance rates, and figure out some ideas to cut the cost of your next policy.

For teen drivers, one of the largest things that is used to help calculate insurance cost is where you normally keep your vehicle. Areas with more people or higher crime rates like East Point, North Atlanta, and Smyrna tend to have more expensive car insurance rates, whereas areas with less traffic congestion and claims have the benefit of cheaper auto insurance prices.

The next table sorts the highest-priced areas in Georgia for 17 year olds to purchase car insurance in.

Information shown are estimated as the specific zip code location can affect insurance rates noticeably.

The car, truck, or SUV that is being insured is one of the primary factors when comparison shopping for the best cheap car insurance for 17 year olds in Georgia. Vehicles with lower performance, a plethora of safety features, or a track record of few liability claims will cost substantially less to insure than high performance models. The table below outlines coverage premiums for the most cost-effective vehicles to buy insurance for.

Prices based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Georgia minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in specific garaging location which can influence premium rates greatly.

Based upon the rates shown, we can assume that models like the Ford Escape, Honda CR-V, Chevrolet Traverse, and Toyota Prius will be the less-costly vehicles to insure for teen drivers. The cost of a car insurance policy will be more expensive just due to the fact that there is more risk for 17 year olds, but overall those specific models will tend to have the lowest prices compared to other types of vehicles.

Establishing which companies quote the most affordable insurance rates for 17 year olds will involve a bit more work in order to find the most economical policy. Each insurer uses a little different formula to set policy rates, so we’ll go over the insurance companies with the overall best prices in Georgia.

Cheap Insurance Rates for Teens

Compare Rates and Save

Auto-Owners may have some of the lowest car insurance rates in Georgia at around $830 each year. The Hartford, USAA, Central Mutual, and Georgia Farm Bureau would also be considered some of the best Georgia car insurance companies.

As the example above demonstrates, if you are a customer of Georgia Farm Bureau and switched to The Hartford, you might achieve a yearly price reduction of in the neighborhood of $365. Policyholders with MetLife might save as much as $381 a year, and Travelers policyholders might reduce prices by as much as $397 a year.

It’s important to note that these rates are averaged for all ages of drivers and types of vehicles and are not factoring in a rate increase for 17 year olds. So the auto insurance company that can offer you the lowest price may not even be featured in the company chart above. That emphasizes why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

Cost difference between full coverage and liability

Finding the best cheap car insurance for 17 year olds in Georgia is the goal of most drivers, and an easy way to find cheaper insurance is to not insure for full coverage. The diagram below illustrates the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Georgia. The data assumes no violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 3761,1571],[‘Age 30’, 1953,859],[‘Age 40’, 1911,797],[‘Age 50’, 1747,745],[‘Age 60’, 1697,733],[‘Age 70’, 2125,981]]);var options = {title: ‘Price Comparison of Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Georgia’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged out for all age groups, physical damage coverage costs $2,199 per year more than just buying liability only. Many people question if it’s worth it to buy full coverage. There is no definitive rule to eliminate physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s say your vehicle’s replacement cost is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $11,000 after paying the physical damage deductible. If you are paying more than $1,100 annually to have full coverage, then you might want to consider buying only liability coverage.

Best rates: Allstate, Geico, State Farm, or Progressive

When it comes to buying auto insurance, four good companies to start with are Allstate, Geico, State Farm, and Progressive. Between them, they make up over 45% of the car insurance market in the United States. All four offer physical damage and liability coverage, but each has different optional coverages and features that add value to each policy. The data below ranks some of the different options that are available from each company.

How to find the best cheap car insurance for 17 year olds in Georgia

The list below shows many penny-pinching ideas that can help drivers locate more affordable auto insurance.

• Higher comprehensive and collision coverage deductibles will save money
• Buy a safer vehicle
• Avoid having at-fault accidents
• Just one traffic violation will increase your rates
• Improve your credit score
• Comparison shop at least every other year

The last tip in the list is remarkably crucial, as was stressed in this article. Auto insurance rates can be adjusted at any time, so you should be ready to change to a new company if a more affordable rate is found. Brand loyalty is not necessarily bad, but it’s not a great idea if that inflexibility results in costing you hundreds every year. Take a few minutes and shop around to find cheaper auto insurance for 17 year olds.