The make and model of vehicle you are trying to insure is a significant factor when shopping around for the cheapest auto insurance for teenage females. Vehicles with high performance engines, a lack of modern safety features, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models. The next list ranks coverage prices for a selection of the most cost-effective automobiles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$6,854|
|Ford Escape Limited 2WD||$6,861|
|Honda Accord EX-L 4-Dr Sedan||$7,282|
|Ford F-150 STX Super Cab 2WD||$7,562|
|Chevrolet Silverado LS Regular Cab 4WD||$7,569|
|Dodge Grand Caravan CV||$7,627|
|Volkswagen Jetta SE 2.5 Station Wagon||$7,778|
|Ford Focus SE 4-Dr Sedan||$7,990|
|Chevrolet Equinox LT 2WD||$8,055|
|Chevrolet Impala LT||$8,063|
|Toyota Tacoma Double Cab 4WD||$8,055|
|Toyota RAV4 Limited 4WD||$8,064|
|Chevrolet Malibu LS||$8,055|
|Ford Explorer Eddie Bauer AWD||$8,122|
|Honda Civic EX 4-Dr Sedan||$8,418|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$8,479|
|Toyota Corolla S||$8,483|
|Honda Odyssey EX-L W/Rear Entertainment||$8,491|
|Toyota Camry XLE||$8,483|
|Hyundai Elantra SE 4-Dr Sedan||$8,493|
|Ford Edge Sport 2WD||$8,483|
|Jeep Grand Cherokee SRT-8 4WD||$8,550|
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Prices above based on single female driver age 17, 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 Tampa, FL location which can influence coverage rates substantially.
Looking at the rates, we can conclude that makes and models like the Honda CR-V, Ford Escape, Honda Accord, Toyota Prius, and Ford F-150 are going to be a few of the most affordable vehicles to insure for teen girls. The cost of auto insurance will tend to be more expensive because there is more claim exposure for teenage females, but generally speaking those particular models will probably have the cheapest auto insurance rates compared to other vehicles.
Figuring out which companies offer the best auto insurance rates for teenage females involves a little more work in order to find coverage that fits your budget. Each insurer uses their own method for determining rates, so we’ll take a look at the auto insurance companies that tend to be cheaper in Florida.
It’s important that you understand Tampa, FL auto insurance rates are calculated based on many things that may substantially change the price of your policy. Simply having another birthday, buying a home, or getting caught speeding may prompt premium changes that may make certain companies more affordable than the competition.
Find the Cheapest Car Insurance for Teens
USAA has some of the cheapest car insurance rates in Tampa at around $957 per year. This is $1,491 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also are some of the cheapest Tampa, FL auto insurance companies.
In the above rates, if you are a policyholder with Progressive and switched to Electric, you could earn a yearly price reduction of approximately $81. Policyholders with Travelers might save as much as $175 a year, and Mercury insureds might realize rate reductions of up to $239 a year.
These prices are averages for all types of insureds and vehicles and do not take into consideration a specific vehicle garaging location for teenage females. So the car insurance company that fits you best may not even be in the top 21 companies in the list above. That helps illustrate why you need to get auto insurance quotes using your own specific driver and vehicle information.
The illustration below highlights how deductible choice can impact insurance premiums when researching cheap insurance for teenage females. The price estimates are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
A 40-year-old driver could reduce rates by $384 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $578 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, can cut $952 or more by choosing a larger deductible amount.
If you do decide to increase your deductibles, it is essential to have plenty of savings on hand to allow you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Comparison of full coverage and liability-only policies
Finding the cheapest auto insurance is the goal of the majority of people, and a great way to reduce the cost of insurance for teenage females is to buy liability only. The illustration below compares auto insurance rates with full physical damage coverage and with liability coverage only. The rate quotes are based on no claims or driving violations, $250 deductibles, drivers are single, and no discounts are factored in.
If we average the cost for ages 20 through 70, full coverage costs $2,417 per year more than just insuring for liability. That amount may make you wonder if it’s worth it to buy full coverage. There is no definitive rule for eliminating comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s claim settlement value is $10,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $9,000 after paying the physical damage deductible. If you are paying more than $900 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
Careless driving habits raise Tampa auto insurance rates
The ideal way to enjoy the best auto insurance premiums for teen girls is to be a careful driver and avoid traffic citations and accidents. The chart below shows how violations and accident claims can influence insurance costs for different age groups. The prices are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of an auto insurance policy per year with no violations or accidents is $2,487. Add in one speeding ticket and the average cost hikes up to $2,860, an increase of $372 each year. Then add two accidents along with the one speeding ticket and the 12-month cost of auto insurance for teenage females jumps again to an average of $6,094. That’s an increase of $3,606, or $301 per month, just for not keeping your driving record clean!