The vehicle model that needs insurance is a large consideration when comparison shopping for the best cheap insurance for good students. Vehicles with limited top-end speed, advanced safety features, or low incidents of liability claims will cost less to insure than adrenaline junky models. The data below shows insurance premiums for a selection of the cheapest vehicles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$8,417|
|Honda CR-V EX-L 2WD||$8,498|
|Ford Escape XLT 4WD||$8,503|
|Volkswagen Jetta S 2.5 Station Wagon||$9,014|
|Hyundai Elantra SE Touring Station Wagon||$9,019|
|Ford F-150 XL Regular Cab 4WD||$9,467|
|Jeep Wrangler Rubicon 4WD 2-Dr||$9,476|
|Ford Edge SEL AWD||$9,902|
|Dodge Grand Caravan Hero||$9,983|
|Chevrolet Malibu LS||$9,992|
|Chevrolet Equinox LS AWD||$9,983|
|Toyota RAV4 Sport 2WD||$9,988|
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Above prices assume single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in zip code location which can increase or decrease prices considerably.
Based upon these rates, vehicles like the Honda Accord, Honda CR-V, and Ford Escape should be some of the cheaper vehicles to insure for student drivers.
For student drivers, one of the largest considerations that help determine the cost of insurance is where your residence is. Areas with more people or even just a higher incidence of claims tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates receive better rates.
The next table shows the most expensive cities in Florida for good students in which to purchase auto insurance. Tampa ranks #8 costing $2,558 for the average insured, which is about $213 monthly.
|7||West Palm Beach||$2,599|
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Premium amounts are comparative as specific location information can decrease or increase auto insurance rates substantially.
Trying to find budget insurance is not easy, and deciding which insurers offer the cheapest insurance rates for good students may require additional perseverance. Each auto insurance company has a unique approach to set policy rates, so we need to take a look at the insurance companies with the most affordable rates in Tampa.
It’s a good idea to know that Tampa, FL insurance rates are impacted by many things which can significantly increase or decrease the policy price. Price variation is why consumers need to take the time to compare many different companies to find cheap car insurance rates for good students. Auto insurance prices are determined by many things and can increase or decrease at any time, so the most economical option when you bought your policy may now be quite expensive.
Best Car Insurance Prices for Students
|Rank||Company||Cost Per Year|
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USAA has some of the best car insurance rates in Tampa at around $948 annually. Amica, Electric, Progressive, and Mercury also are some of the more affordable Tampa, FL auto insurance companies.
As depicted above, if you currently have coverage with Electric and switched to USAA, you may see a yearly savings of in the neighborhood of $816. Florida drivers with Progressive might save as much as $881 a year, and Mercury insureds might lower prices by up to $966 a year.
It’s important to note that these prices are averages across all ages of drivers and types of vehicles and and are not figured with an exact location for good students. So the company that fits your needs best may not even be in the top 21 companies shown above. That point stresses why you need to get rate quotes using your own personalized driver profile and vehicle information.
Get discounts on Tampa car insurance
Insurance companies that provide policies for good students may also give you premium discounts that can reduce rates by 25% or more if you are eligible for them. A list of insurance companies and the discounts they provide are:
- American Family has savings for early bird, Steer into Savings, air bags, good driver, accident-free, and defensive driver.
- Farm Bureau offers discounts for driver training, 55 and retired, safe driver, renewal discount, and multi-vehicle.
- State Farm includes discounts for Steer Clear safe driver discount, safe vehicle, multiple policy, good driver, and passive restraint.
- Travelers offers premium reductions for good student, save driver, IntelliDrive, hybrid/electric vehicle, multi-policy, and payment discounts.
- The Hartford may have discounts that include driver training, air bag, defensive driver, anti-theft, and vehicle fuel type.
- GEICO offers discounts including air bags, multi-policy, driver training, emergency military deployment, multi-vehicle, good student, and five-year accident-free.
- Progressive may offer discounts for multi-vehicle, continuous coverage, online quote discount, multi-policy, and good student.
The illustration below visualizes the comparison of insurance prices with and without some available policy discounts. The rates are based on a male driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with continuous coverage, paid-in-full, paperless filing, vehicle safety, anti-theft, and good student discounts applied. When these discounts are applied, the average savings per year on insurance for good students is 28% or $877.
The chart below demonstrates how deductible levels can affect insurance premiums when searching for cheap insurance for good students. The prices are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.
As shown above, a 30-year-old driver could cut expenses by $320 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $486 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, could reduce their rates up to $966 or more just by choosing higher deductibles when buying full coverage.
When raising deductibles, it is essential to have enough funds in savings to pay the extra out-of-pocket expense that comes with higher deductibles.
How violations and accidents impact rates
The common sense way to find cheap insurance premiums for student drivers is to be a safe driver and not have accidents or get tickets. The example below illustrates how speeding tickets and fender-benders influence car insurance rates for each different age group. The information is based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
The chart shows that the average cost of car insurance per year with no accidents or violations is $1,672. Receive two speeding tickets and the average cost surges to $2,301, an increase of $629 each year. Now throw in one accident along with the two speeding tickets and the annual cost of insurance for good students jumps again to an average of $2,934. That’s an increase of $1,262, or $105 per month, just for not maintaining a clean driving record!
How to find more affordable car insurance for good students
The list below details some of the recommended penny-pinching solutions that can help you locate cheaper coverage.
- Safe vehicles cost less to insure
- Avoid accidents and claims
- Clean up your credit rating
- If your vehicles are older, consider dropping full coverage
- Buying home and auto insurance together can earn discounts
- Shop around for cheaper prices often
The last item on the list is notably crucial, as we hit on in this piece. Insurance prices in Tampa go up and down frequently, so drivers shouldn’t be resistant to buy from a different company if a lower-cost policy is available.
Loyalty to a specific company is fine, but it’s not recommended if it’s costing you a lot of money. In just a couple of minutes you could compare prices and find cheaper insurance for good students.
The Tampa car insurance agencies listed below are willing to answer your questions and help you decide which policy fits your needs best, as lots of drivers aren’t clear which coverage they need and would like to have professional advice when comparing insurance rates for good students. It’s not always easy to find the best coverage on your own, and getting advice from a licensed Florida insurance agent can provide peace of mind knowing you have adequate asset protection.
To find an agent nearest to you, click the link after the list.
Mesa Insurance Agent
Tampa, FL 33603 – Tampa, FL 33603 – (813) 442-4179
Doug MacDaid – State Farm Insurance Agent
8910 N Dale Mabry Hwy #3 – Tampa, FL 33614 – (813) 935-2937
Carron Insurance Agency, Inc
1010 W Cass St – Tampa, FL 33606 – (813) 926-0512