The words “low-cost” and “insurance” really shouldn’t be used in the same sentence, specifically when shopping around for the cheapest auto insurance for high school students. To help control this cost, let’s start off by going over some things that have a considerable impact on insurance prices, and find some ways to shave a little off your next policy.
For teenagers, one of the more important components that help determine insurance cost is where you live. More populated areas tend to pay slightly more, whereas areas with less congestion receive better rates.
The table below ranks the priciest cities in Oklahoma for high school students in which to purchase auto insurance. Tulsa is ranked #4 with a yearly premium of $2,192 for car insurance, which is approximately $183 monthly.
|Rank||City||Premium Per Year|
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Rate information is estimated as specific location information can lower or raise premiums considerably.
The car, truck, or SUV you are insuring is a large factor that determines if you can find cheaper car insurance for high school students. Vehicles with higher performance, poor safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The information below features insurance costs for some of the more affordable automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$4,428|
|Honda Accord LX 4-Dr Sedan||$4,433|
|Ford Escape XLT 2WD||$4,428|
|Honda CR-V EX 4WD||$4,475|
|Ford F-150 XL Crew Cab 2WD||$4,966|
|Ford Explorer XLT 2WD||$4,972|
|Volkswagen Jetta 2.0T Station Wagon||$5,098|
|Ford Edge SEL 2WD||$5,209|
|Chevrolet Impala LS||$5,217|
|Ford Fusion S 4-Dr Sedan||$5,256|
|Toyota RAV4 Limited 4WD||$5,262|
|Chevrolet Equinox LT AWD||$5,256|
|Chevrolet Silverado LT Extended Cab 4WD||$5,263|
|GMC Sierra SLE Crew Cab 2WD||$5,256|
|Toyota Camry LE||$5,265|
|Chevrolet Malibu LS||$5,256|
|Dodge Grand Caravan Crew||$5,301|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$5,307|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$5,493|
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Cost estimates assume single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific Tulsa, OK garaging location which can influence premium rates greatly.
Based upon these rates, you can conclude that vehicles like the Hyundai Elantra, Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius will be some of the cheapest vehicles to insure for teenagers. Car insurance rates will tend to be more expensive anyway because of the fact that there is more liability risk for high school students, but overall those particular vehicles will have the lowest insurance rates that you are likely to find.
Impact of violations and accidents on rates
The easiest method to get cheap insurance prices in Oklahoma for teenagers is to drive safely and avoid accidents and traffic violations. The chart below illustrates how traffic citations and at-fault collisions can influence insurance costs for each age group. The rates are based on a married male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of an auto insurance policy in Oklahoma per year with no violations or accidents is $1,796. Receive one speeding ticket and the average cost swells to $2,065, an increase of $269 each year. Now throw in two accidents along with the one speeding ticket and the 12-month cost of insurance for high school students increases to an average of $4,483. That’s an increase of $2,687, or $224 per month, just for being a careless driver!
The example below illustrates how choosing a deductible can influence yearly insurance costs when searching for cheap insurance for high school students. The price estimates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
The chart above illustrates that a 30-year-old driver could lower rates by $466 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $704 by selecting a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could lower their rates $1,420 each year just by choosing higher deductibles. When using a larger deductible, it will be required to have enough in a savings account to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
How to find more affordable car insurance for high school students
The list below details some thrifty solutions that can help Oklahoma drivers locate more affordable coverage.
- Remain accident-free and save
- Vehicles with good safety ratings are usually cheaper to insure
- Drop full coverage on older vehicles
- Buying your home and auto policies from the same company can earn a discount
- Pay less by remaining claim-free
- Do not get tickets or violations
- Shop around for cheaper rates regularly
That last idea is extremely important, as was discussed in this article. Prices vary greatly, so drivers shouldn’t be resistant to buy from a different company if you can save money. Sticking with a specific company is fine, but it’s not recommended if that stubbornness costs you hundreds of dollars a year. Take a couple minutes and shop around and find cheaper car insurance for high school students in Tulsa.
The Tulsa car insurance agencies listed below can help you determine which coverages are best, since some drivers aren’t sure which coverage they need and prefer to get some guidance when trying to find lower insurance rates for high school students. It can be hard to find the best coverage on your own, so getting advice from a licensed agent can give comfort knowing your policy gives you adequate coverage if you have an accident or claim.
To find an agent closest to you, click the button after the list or click here to compare prices now.
Allstate Insurance: Rick Block
5420 S Harvard Ave – Tulsa, OK 74135 – (918) 299-1222
Hometown Insurance Agency Inc
8282 S Memorial Dr #201 – Tulsa, OK 74133 – (918) 366-9999
Elonda Wicks – State Farm Insurance Agent
5807 S Garnett Rd g – Tulsa, OK 74146 – (918) 252-3313