The words “cheap” and “insurance” really don’t belong together, especially when comparison shopping for the best car insurance rates for 19 year olds. In an attempt to save some money, let’s learn about some things that help determine insurance rates, and see if we can help you take the sting out of your next policy.
The vehicle model you are buying coverage for is probably the largest consideration in finding the lowest-priced coverage for 19 year olds. Vehicles with higher performance characteristics, a lack of advanced safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models.
The next table ranks coverage prices for the cheapest vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $7,243 |
| Ford Escape Limited 4WD | $7,741 |
| Toyota Prius | $7,831 |
| Jeep Wrangler Sahara 4WD 2-Dr | $7,993 |
| Dodge Grand Caravan CV | $8,001 |
| Volkswagen Jetta SE 2.5 Station Wagon | $8,329 |
| Toyota Tacoma 2WD | $8,399 |
| Ford Edge SEL AWD | $8,404 |
| Honda Odyssey EX W/Rear Entertainment | $8,399 |
| Jeep Grand Cherokee Laredo 4WD | $8,492 |
| Ford Fusion S 4-Dr Sedan | $8,502 |
| Chevrolet Malibu LS | $8,492 |
| Toyota RAV4 Sport 2WD | $8,500 |
| Chevrolet Impala LT | $8,492 |
| Ford F-150 FX2 2WD | $8,581 |
| Ford Explorer Limited 4WD | $8,589 |
| Hyundai Elantra Blue 4-Dr Sedan | $8,897 |
| Ford Focus SEL 4-Dr Sedan | $8,907 |
| Toyota Corolla XLE | $8,990 |
| Nissan Altima 2.5 S 4-Dr Sedan | $8,996 |
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Table data assumes single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific location which can alter premiums considerably.
Looking at the numbers, you can assume that cars like the Honda CR-V, Ford Escape, and Toyota Prius will be a few of the most budget-friendly vehicles to insure for teenage drivers. The cost of auto insurance will be more expensive because of the fact that there is more claim risk for 19 year olds, but overall those models will most likely have the lowest insurance rates available.
Shopping around for cheap insurance is hard enough, and finding out which company offers the cheapest auto insurance rates for 19 year olds will involve even more rate comparisons. Each auto insurer has a unique approach to set policy rates, so first we will examine the lowest cost auto insurance companies in Louisiana.
Cheapest Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,578 |
| 2 | MetLife | $1,892 |
| 3 | GEICO | $1,907 |
| 4 | Progressive | $1,946 |
| 5 | Southern Farm Bureau | $2,181 |
| 6 | Safeway | $2,198 |
| 7 | California Casualty | $2,315 |
| 8 | State Farm | $2,431 |
| 9 | Safe Auto | $2,627 |
| 10 | Allstate | $2,945 |
| 11 | Encompass | $3,138 |
| 12 | Liberty Mutual | $3,608 |
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USAA has some of the best car insurance rates in New Orleans at around $1,578 a year. MetLife, GEICO, Progressive, and Southern Farm Bureau are also some of the best New Orleans, LA insurance companies.
In the rate table above, if you are a customer of GEICO and switched to USAA, you may realize a yearly savings of upwards of $329. Drivers with Progressive could save as much as $368 a year, and Southern Farm Bureau customers might see rate reductions of $603 a year.
Understand that those policy prices are averages for all ages of drivers and types of vehicles and are not factoring in an exact zip code location for 19 year olds. So the auto insurance company that is most affordable for your situation may not even be in the top 12 companies shown above. That point stresses why you need to compare as many prices as possible using your own individual information.
For teenage drivers, one of the more important factors that determine auto insurance rates is where you keep your vehicle in New Orleans. Cities with more crime and/or more people tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.
The illustration below shows the most expensive cities in Louisiana for 19 year olds to buy auto insurance in. New Orleans ranks #1 with an annual rate of $2,943 for the average insurance policy, which is about $245 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | New Orleans | $2,943 |
| 2 | Harvey | $2,589 |
| 3 | Marrero | $2,469 |
| 4 | Terrytown | $2,455 |
| 5 | Metairie | $2,254 |
| 6 | Kenner | $2,247 |
| 7 | Baton Rouge | $2,209 |
| 8 | Shenandoah | $2,204 |
| 9 | Central | $2,201 |
| 10 | Hammond | $2,107 |
| 11 | Prairieville | $2,105 |
| 12 | Alexandria | $2,096 |
| 13 | Monroe | $1,989 |
| 14 | Laplace | $1,971 |
| 15 | Lafayette | $1,917 |
| 16 | Sulphur | $1,916 |
| 17 | Lake Charles | $1,915 |
| 18 | Slidell | $1,899 |
| 19 | New Iberia | $1,852 |
| 20 | Shreveport | $1,838 |
| 21 | Houma | $1,791 |
| 22 | Bayou Cane | $1,782 |
| 23 | Natchitoches | $1,781 |
| 24 | Bossier City | $1,780 |
| 25 | Ruston | $1,652 |
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Price information shown is estimated as the specific geographic location can impact rates substantially.
New Orleans auto insurance companies
Picking a highly-rated insurance provider can be challenging considering how many companies sell insurance in New Orleans. The information shown below may help you choose which auto insurance companies to look at purchasing a policy from. The rankings below are for large nationwide companies, so companies with more of a regional focus are not included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
The information below illustrates how choosing a deductible can affect insurance rates when quoting cheap insurance for 19 year olds. The price estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.
The data above shows that a 40-year-old driver could lower rates by $316 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $478 by switching to a $1,000 deductible. Young drivers, such as the 20-year-old example, could roll back prices as much as $788 every year by choosing a higher deductible.
When using a larger deductible, it is important to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Shop around and save
Louisiana auto insurance rates are based on many factors that may substantially change the policy price. Turning one year older, getting divorced, or getting caught speeding may prompt premium changes that may make certain companies cheaper in comparison to the competition.
Additionally, insurance companies change rates every year or even multiple times each year to reflect underwriting profits or losses. Higher than normal claim frequency or severity can result in more expensive premiums, while less frequent claims can produce lower-priced New Orleans car insurance rates.
To help illustrate this point, the bar chart below shows a variety of companies that have the cheapest car insurance in New Orleans, LA for a 30-year-old female driver with a good driving record, no prior claims, and good credit. When comparing rates based on her personal risk profile, USAA might offer the lowest car insurance rates in New Orleans at $2,727 annually. This is $313 more than the average premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are also on the list of the cheapest New Orleans, LA auto insurance companies.
Now we will give the driver from the first rate comparison an at-fault accident, a lower credit rating, and a stop sign violation. Since each auto insurance company has their own process for setting prices, comparing prices could result in a significantly different list of the cheapest companies as shown below.
California Casualty now has the lowest car insurance rate in New Orleans, LA with State Farm, MetLife, GEICO, and Safe Auto also being competitive. This example demonstrates why consumers need to take the time to shop around to get the most economical insurance quotes for 19 year olds.
Prices are impacted by many risk factors and can change substantially, so the most economical option a year ago may now be quite expensive.