The words “bargain” and “insurance” really shouldn’t be used together, especially when searching for the cheapest auto insurance for 19 year olds. Because of the high cost, let’s learn about some of the things that impact car insurance prices, and figure out some ways to take the sting out of your next policy.
The type of vehicle you are buying coverage for is a large consideration in finding the best insurance for 19 year olds. Vehicles with high performance, poor crash test ratings, or an increased likelihood of liability claims will cost more to insure than safer models.
The information below shows car insurance rates for a handful of the more affordable automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $3,781 |
| Honda CR-V EX 2WD | $3,789 |
| Ford Escape XLT 2WD | $3,781 |
| Toyota Prius | $4,139 |
| Ford Edge SE 2WD | $4,178 |
| Ford Explorer XLT AWD | $4,224 |
| Dodge Grand Caravan SE | $4,234 |
| Toyota Tacoma 4WD | $4,224 |
| Volkswagen Jetta S 4-Dr Sedan | $4,490 |
| Toyota RAV4 Sport 4WD | $4,496 |
| GMC Sierra SL Extended Cab 2WD | $4,490 |
| Chevrolet Equinox LS AWD | $4,495 |
| Ford Focus SES 4-Dr Sedan | $4,710 |
| Toyota Corolla XLE | $4,756 |
| Honda Odyssey EX-L W/Navigation | $4,761 |
| Toyota Camry XLE | $4,756 |
| Chevrolet Impala LTZ | $4,764 |
| Hyundai Elantra SE 4-Dr Sedan | $4,756 |
| Ford Fusion SEL 4-Dr Sedan | $4,802 |
| Jeep Grand Cherokee SRT-8 4WD | $4,809 |
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Data based on single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific Sacramento, CA garaging location which can modify prices significantly.
Based upon the table data, cars like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Ford Edge are going to be a few of the more affordable vehicles to insure for teenage drivers. The price for an auto insurance policy will be more expensive because there is more liability exposure for 19 year olds, but in general those particular models will most likely have the lowest prices that you are likely to find.
Deciphering which company has the most affordable auto insurance rates for 19 year olds requires a little more sweat in order to find the lowest price quote.
Every car insurance company uses their own formula for establishing rates, so we need to take a look at the lowest cost auto insurance companies in Sacramento, CA.
Lowest Insurance Price Quotes for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Century National | $1,178 |
| 3 | Wawanesa | $1,192 |
| 4 | CSAA | $1,222 |
| 5 | Nationwide | $1,226 |
| 6 | 21st Century | $1,366 |
| 7 | Grange | $1,447 |
| 8 | Progressive | $1,512 |
| 9 | Mercury | $1,533 |
| 10 | Allstate | $1,543 |
| 11 | GEICO | $1,575 |
| 12 | The Hartford | $1,591 |
| 13 | Allied | $1,603 |
| 14 | MetLife | $1,638 |
| 15 | State Farm | $1,699 |
| 16 | Unitrin | $1,699 |
| 17 | Esurance | $1,756 |
| 18 | Travelers | $1,788 |
| 19 | Bristol West | $1,795 |
| 20 | Farmers | $1,966 |
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USAA offers some of the cheapest car insurance rates in Sacramento at around $1,109 a year. This is $542 less than the average policy premium paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide also rank well as some of the most economical Sacramento, CA auto insurance companies.
As illustrated above, if you are a customer of Nationwide and switched to Century National, you might achieve a yearly savings of approximately $48. Insureds with 21st Century could save as much as $188 a year, and Grange customers might see rate reductions of $269 a year.
To get a quick, customized rate comparison, click here to start a quote or click several companies below for low rates.
Bear in mind that those policy prices are averages across all drivers and vehicles in California and are not factoring in a vehicle location for 19 year olds. So the insurer that is best for you may not even be in the top 24 companies in the list above. That points out the importance of why you need to compare prices as often as possible using your own specific driver information and vehicle.
Should you buy full coverage?
Lowering the price of auto insurance is the goal of most drivers, and one good way to lower the cost of insurance for 19 year olds is to only buy liability coverage. The chart below visualizes the comparison of premium costs with full coverage and liability only. The data assumes no violations or claims, $500 deductibles, drivers are single, and no discounts are applied to the premium.
If averaged out across all ages, comp and collision coverage costs an additional $2,075 per year over having just liability coverage. That amount may make you wonder if it’s worth it to buy full coverage. There is no set rule that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
There are some cases where buying only liability insurance is not advised. If you haven’t paid off your loan, you have to carry full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not drop full coverage.
The diagram below demonstrates how deductibles can raise or lower annual premium costs when searching for cheap insurance for 19 year olds. The rates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could pocket $308 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $466 by choosing a $1,000 deductible. Younger drivers, like the Age 20 category, can save up to $1,026 annually by choosing a larger deductible amount.
If you make the decision to raise deductibles, it’s a good idea to have additional savings on hand to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Get discount Sacramento car insurance rates
Insurance companies that offer cheap quotes for 19 year olds may also provide rate discounts that can reduce rates by as much as 35% if you meet specific criteria. Companies and their possible discounts are shown below.
- American Family offers premium reductions for air bags, early bird, Steer into Savings, accident-free, and mySafetyValet.
- Farm Bureau has savings for good student, multi-policy, safe driver, driver training, and 55 and retired.
- State Farm offers discounts for student away at school, driver’s education, multiple policy, accident-free, multiple autos, and Drive Safe & Save.
- Travelers has discounts for payment discounts, continuous insurance, save driver, home ownership, early quote, and driver training.
- The Hartford discounts include anti-theft, air bag, defensive driver, driver training, and bundle.
- GEICO may include discounts for driver training, military active duty, seat belt use, multi-vehicle, emergency military deployment, and air bags.
- Progressive offers discounts including online quote discount, continuous coverage, online signing, homeowner, good student, and multi-policy.
The information below shows the difference between insurance prices with and without some available policy discounts. The rate quotes are based on a male driver, no accidents, no driving violations, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with defensive driving course, multiple vehicle, safe-driver, vehicle safety, anti-theft, and homeowner discounts applied. When discounts are applied, the average savings per year on auto insurance for 19 year olds is 28% or $936.
Why you should be comparing rates
California auto insurance rates are determined by lots of factors that will increase or decrease the price of your policy. Turning one year older, adding a teenager to your policy, or getting a DUI can trigger price changes resulting in some rates now being more affordable than others. Not only that, but insurers file new California car insurance rates as needed in order to maintain liquidity for claims. Significantly higher claims can result in rate increases, while a better claims history can result in lower-cost Sacramento car insurance rates.
To illustrate this point, the graph below shows which companies have the cheapest car insurance in Sacramento, CA for a 40-year-old male driver with a clean driving record, no accidents, and excellent credit. If we estimate rates based on his current rating profile, USAA has the best car insurance rates in Sacramento at $1,434 per year. This is $217 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also included in the cheapest Sacramento, CA auto insurance companies.
The chart below compares rates after we give the driver from the first example a chargeable accident, a lower credit rating, and a few blemishes on his driving record. Due to the fact that every auto insurer has a proprietary formula for setting prices, analyzing rate quotes may now show a different set of affordable companies as shown below.
Grange now has the best insurance rate in Sacramento with Mercury, Progressive, Allstate, and The Hartford completing the list. This shows why consumers need to shop around with many companies to get the cheapest insurance quotes for 19 year olds. Insurance rates consist of many things and can decrease or increase without notice, so the cheapest company the last time you shopped your coverage around may now be an over-priced policy.
If you wish to have some professional guidance when trying to find lower insurance rates for teenage drivers, the professional agents shown below can probably help you make a decision which coverages are best.
To locate a Sacramento car insurance agency using an interactive map, click the button following the list.
- Morelos Insurance Agency
5346 Madison Ave – Sacramento, CA 95841 – (916) 482-5500 - McClatchy Insurance Agency
2410 Fair Oaks Blvd #140 – Sacramento, CA 95825 – (916) 488-4702 - Nationwide Insurance: Welcome Financial Inc
1102 Jefferson Blvd c – West Sacramento, CA 95691 – (916) 231-3558 - Styrsky Insurance Agency
706 56th St – Sacramento, CA 95819 – (916) 361-8114 - Peter S Schiro Ins Agcy Inc
1515 30th St #200 – Sacramento, CA 95816 – (916) 444-9787