How Much Does Car Insurance Cost for Teenage Males in Georgia?

Finding out which insurers offer the most affordable auto insurance rates for teenage males requires more work in order to find coverage that fits your buget.

Each auto insurer has a unique approach to determine premium rates, so let’s take a look at the overall cheapest auto insurance companies in Georgia. Keep in mind that Georgia auto insurance rates are determined by lots of factors which can substantially decrease or increase the cost of coverage. Improving your credit score, buying another vehicle, or getting a ticket for careless driving may prompt premium changes that can make some companies more affordable than before.

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Auto-Owners may have some of the lowest car insurance rates in Georgia at around $839 each year. The Hartford, USAA, Central Mutual, and MetLife also qualify as some of the most economical Georgia auto insurance companies.

In the rate table above, if you have coverage with Central Mutual and switched to Auto-Owners, you could earn a yearly price reduction of in the neighborhood of $318. Drivers with MetLife may save as much as $399 a year, and Travelers policyholders might lower prices by up to $453 a year.

To find out how much you can save, click here to start a quote or click through to the companies below.

These policy rates are averages across all ages of drivers and types of vehicles and and are not figured with a rate surcharge for teenage males. So the insurer that fits your situation best may not even be shown in the above list. That underscores the importance of why you need to compare rates from multiple companies using your own specific driver information and vehicle.

The vehicle model that is being insured is probably the biggest factor when comparison shopping for the lowest-priced auto insurance for teenage males. Vehicles with higher performance characteristics, poor crash test ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The tables below ranks coverage costs for some of the most affordable vehicles to insure in Georgia.

Prices based on single male driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in vehicle garaging location which can decrease or increase rates substantially.

Data variables include single male driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific location information which can alter premium rates considerably.

Data variables include single male driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can impact premium rates noticeably.

The illustration below highlights how deductible selection can influence insurance prices when searching for cheap insurance for teenage males. The price estimates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4485,4087,3651,3241],[‘Age 30’, 2327,2117,1881,1655],[‘Age 40’, 2231,2041,1825,1617],[‘Age 50’, 2043,1869,1673,1485],[‘Age 60’, 2011,1841,1647,1461],[‘Age 70’, 2321,2131,1925,1729]]);var options = {title: ‘Effect of Higher Deductibles on Auto Insurance Prices in Georgia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The data above shows that a 30-year-old driver could save $406 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $614 by choosing a $1,000 deductible. Young drivers, like the age 20 example, could potentially save $1,244 or even more just by using higher deductibles.

When raising deductibles, it’s a good idea to have emergency funds available to enable you to pay the extra out-of-pocket expense associated with higher deductibles.

Liability only or full coverage

Finding cheap auto insurance for teenage males in Georgia is the goal of the majority of drivers, and one easy way to find cheap insurance is to only buy liability coverage. The chart below compares car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no claims or driving citations, $500 deductibles, single status, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 3147,1189],[‘Age 30’, 1661,653],[‘Age 40’, 1625,605],[‘Age 50’, 1481,567],[‘Age 60’, 1433,557],[‘Age 70’, 1763,745]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Georgia’,minValue: 0,format: ‘$###,###’},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);}

As an overall average, comprehensive and collision coverage on your policy costs $1,852 per year more than just insuring for liability. At some point, about every driver wonders if buying full coverage is worth the expense. There is no clear-cut formula of when to drop full coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

There are a few situations where only buying liability is not a good idea. If you haven’t paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

Cheapest insurance quotes for teen boys

There are many ways to find lower-cost auto insurance in Georgia, but the three most common are from a non-exclusive or independent agent, an exclusive insurance agent like Allstate or State Farm, or direct online or over the phone from a company like Progressive or Geico. You can use whichever method you prefer, but shoppers should understand the differences in how they give price quotes.

Independent agencies have contracts with many companies and can get policy pricing from every one. These types of agencies can sell policies from many different companies and can provide you with more rates, which can help you get the best shot at cutting your rates. If your agent finds a cheaper company, they simply move your policy to a different company which prevents you from having to find a new agency.

A captive or exclusive agent is only able to give prices for one company, two examples are Allstate or State Farm agents. They generally cannot give you multiple price quotes, so they are skilled at selling on more than just price.

Buying auto insurance direct means you skip local agents and instead buy direct either online or via phone. Buying auto insurance direct may be preferred by people who have an average risk profile and have an above average understanding of what coverages, limits, and deductibles they need.

When shopping for auto insurance, which way works best to buy cheap auto insurance for teenage males in Georgia? Our initial answer would be buying from a direct car insurance company yields the cheapest rates since it doesn’t require paying agent commissions, but unfortunately, that is not always true. We’d also like to say an independent agency is the best way since they can quote with many companies, but that’s not always true, either. And occasionally, the exclusive agents have really good rates well below independent agents AND direct companies.

Due to the fact that auto insurance rates vary so much, the best way to buy the cheapest coverage is to compare, compare, and compare some more. If time allows, get price quotes all three ways to get an idea of which is cheapest. For a list of auto insurance companies with low rates, click here to view.

How to find budget-friendly auto insurance for teenage males

It’s not impossible to find cheaper rates, and here are some of the better thrifty solutions that can help Georgia drivers locate low-cost coverage.

• Serious violations like DUI or careless driving can make car insurance unaffordable
• Increase your comprehensive and collision deductibles
• Avoid filing excessive claims
• Avoid at-fault accidents and claims
• Drop full coverage on older vehicles
• Compare rates once a year for cheaper prices

The last idea is notably vital, as was stressed in the article above. Car insurance prices can be adjusted at any time, so drivers shouldn’t be reluctant to switch carriers if a better deal can be had. Staying with the same car insurance company is fine, but is isn’t recommended if that loyalty results in overpaying thousands of dollars over the life of your policy. Take a few minutes and compare rates to find cheaper insurance for teenage males.