The vehicle model needing coverage is probably the most important factor that determines whether or not you find the cheapest auto insurance for 18 year olds. Vehicles with higher performance, poor crash test ratings, or a high likelihood of having liability claims will cost significantly more to insure than more modest models.
The information below outlines insurance rates for a number of the cheapest vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$4,293|
|Honda Accord EX 4-Dr Sedan||$4,302|
|Honda CR-V EX 4WD||$4,342|
|Ford Escape Limited 4WD||$4,627|
|Ford F-150 STX Super Cab 2WD||$4,760|
|Jeep Wrangler Sahara 4WD 2-Dr||$4,809|
|Volkswagen Jetta SE 2.5 Station Wagon||$4,964|
|Toyota Tacoma 2WD||$5,046|
|Ford Edge SEL AWD||$5,055|
|Ford Focus S 4-Dr Sedan||$5,046|
|Chevrolet Equinox LT AWD||$5,094|
|Chevrolet Malibu Hybrid||$5,102|
|GMC Sierra SLE Regular Cab 2WD||$5,094|
|Toyota Camry LE||$5,101|
|Dodge Grand Caravan Hero||$5,094|
|Jeep Grand Cherokee Laredo 2WD||$5,104|
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Prices based on single male driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in specific garaging location which can influence price quotes noticeably.
Looking at the data, vehicles like the Hyundai Elantra, Honda Accord, and Honda CR-V are most likely going to be a few of the less-costly vehicles to insure for teen drivers. The cost of auto insurance will be more expensive just because there is more inherent risk for 18 year olds, but in general those models will have the lowest insurance rates that you are likely to find.
One of the many things that are looked at to help calculate auto insurance rates is where you call home in Dallas. Areas with increased crime or more people tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates profit from lower rates.
The table below lists the highest-priced areas in Texas for 18 year olds to buy an auto insurance policy in. Dallas comes in at #2 costing $1,911 for coverage, which is about $159 monthly.
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Rate information is approximated as the garaging address in Dallas can change price quotes greatly.
Buying cost effective insurance is difficult, and finding out which companies offer the most affordable auto insurance rates for 18 year olds will require even more perseverance. Every insurance company uses a little different formula to establish rates, so first let’s look at the rankings for the auto insurance companies with the most affordable rates in Dallas.
It’s important to know that Dallas, TX auto insurance rates are based on many factors which can substantially decrease or increase the cost of your policy. Simply improving your credit, adding a teenager to your policy, or getting caught speeding may prompt premium changes that can cause some rates to be more affordable than competitors.
Find the Best Cheap Insurance for Teens
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,211|
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Travelers generally has some of the most affordable car insurance rates in Dallas at around $1,021 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also rank well as some of the best Dallas, TX car insurance companies.
As illustrated above, if you have coverage with Texas Farm Bureau and switched to Travelers, you could earn a yearly savings of about $190. Insureds with Germania Mutual may save as much as $235 a year, and Esurance policyholders might see rate reductions of $358 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or visit any of the companies below.
Understand that those prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a specific zip code for 18 year olds. So the insurer that fits you best may not even be in the top 23 companies in the list above. That underscores the importance of why you need to compare as many prices as possible using your own individual information.
Types of discounts on Dallas auto insurance rates
Insurers that offer coverage for 18 year olds could also offer premium discounts that may potentially lower prices by as much as 25% or more if you are eligible. A list of auto insurance companies and some of their more popular discounts can be found below.
- State Farm may have discounts that include anti-theft, safe vehicle, defensive driving training, multiple policy, student away at school, and driver’s education.
- GEICO offers discounts for membership and employees, anti-theft, daytime running lights, seat belt use, five-year accident-free, air bags, and multi-policy.
- Progressive policyholders can earn discounts including online signing, multi-vehicle, continuous coverage, good student, and online quote discount.
- 21st Century includes discounts for student driver, defensive driver, driver training, theft prevention, good student, and homeowners.
- American Family discounts include TimeAway discount, multi-vehicle, good driver, accident-free, air bags, and bundled insurance.
- The Hartford may offer discounts for bundle, driver training, defensive driver, vehicle fuel type, good student, and anti-theft.
- AAA may include discounts for multi-policy, AAA membership discount, pay-in-full, anti-theft, education and occupation, and good driver.
The diagram below illustrates the difference between auto insurance costs with and without discounts being applied to the rates. The prices are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with continuous coverage, good student, paid-in-full, passive restraint, anti-theft, and paperless filing discounts applied. When discounts are applied, the average savings per year on auto insurance for 18 year olds is 28% or $693.
Liability rates compared to full coverage
Paying less for auto insurance is important to most vehicle owners, and one of the best ways to reduce the cost of insurance for 18 year olds is to not pay for full coverage. The illustration below illustrates the comparison of yearly insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or violations, $250 deductibles, drivers are not married, and no discounts are applied.
If the expense is averaged for all age categories, physical damage insurance costs $2,671 per year over liability only. That is a big expense that brings up the question if physical damage coverage is worth the money. There is no specific rule that is best for determining when to drop physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then it might be time to buy liability only.
There are a few situations where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not opt for liability only.
The chart below illustrates how choosing a deductible can raise or lower yearly insurance costs when trying to find cheap insurance for 18 year olds. The premiums are based on a single female driver, comp and collision included, and no discounts are taken into consideration.
A 30-year-old driver could lower their car insurance rates by $468 a year by switching from a $100 deductible to a $500 deductible, or save $704 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could lower their rates $1,048 each year by choosing larger deductibles on their policy.
If you do raise deductibles, it is necessary to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.
Shop around and save
Dallas auto insurance rates are influenced by many factors that may substantially change the price you have to pay for coverage. Simply turning a year older, having a claim, or getting caught speeding can trigger price changes resulting in some companies being cheaper than others.
Also, car insurance companies amend pricing as often as every three months to reflect underwriting profits or losses. Larger than normal claims can result in increased rates, while a better loss history can produce cheaper Dallas car insurance rates.
For instance, the chart below shows which company has the cheapest car insurance in Dallas, TX for a 30-year-old male driver with a clean driving record, no accidents, and a good credit rating. When comparing rates based on his personal profile, Travelers might quote the best car insurance rates in Dallas at $1,235 each year. This is $669 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the top five cheapest Dallas, TX auto insurance companies.
In this next rate comparison, we will give the driver from the first rate comparison an accident surcharge, a lower credit rating, and a stop sign violation. Since every car insurance company uses their own formula to establish rates, analyzing rates could result in a completely different list of affordable companies as shown below.
Mercury now has the cheapest price in Dallas with State Farm, USAA, Safe Auto, and Nationwide also being competitive. This example shows why it is crucial to spend some time comparing rates to find affordable car insurance rates for 18 year olds.
Insurance prices are calculated by many things and can change substantially, so the most economical option six months ago may now not even be in the top five.