You have surely seen all the ads from insurers like Allstate and Liberty Mutual that say if you switch you’ll get huge savings. So you just need to pick the company with the cutest commercial, right?
Unfortunately, it’s not that simple as there are a whole bunch of unknown aspects such as how well you maintain your credit, the number of miles you drive each year, how experienced of a driver you are, and whether you just need liability insurance, that all impact the cost of your policy. This article should teach you a little about the best ways to save money and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.
The type of vehicle you are buying coverage for is probably the largest consideration that determines whether or not you can buy the best car insurance for 19 year olds. Vehicles with high performance engines, a lack of safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The list below illustrates car insurance costs for a number of the most economical vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$3,335|
|Honda Accord LX 4-Dr Sedan||$3,342|
|Ford Escape XLT 2WD||$3,335|
|Honda CR-V LX 2WD||$3,345|
|Dodge Grand Caravan CV||$3,722|
|Chevrolet Impala LS||$3,919|
|Toyota RAV4 Limited 4WD||$3,958|
|Ford F-150 FX4 Super Cab 4WD||$3,999|
|Chevrolet Malibu LT||$4,009|
|Ford Explorer Eddie Bauer 4WD||$3,999|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$4,006|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$4,073|
|Toyota Camry XLE||$4,193|
|Ford Edge Sport AWD||$4,203|
|Nissan Altima Hybrid 4-Dr Sedan||$4,234|
|GMC Sierra SLE Crew Cab 2WD||$4,243|
|Volkswagen Jetta SE 4-Dr Sedan||$4,234|
|Ford Fusion SE 4-Dr Sedan||$4,241|
|Toyota Corolla XRS||$4,234|
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Data rating is based on single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in specific garaging location which can influence price quotes considerably.
Looking at the rates, cars like the Hyundai Elantra, Honda Accord, and Ford Escape are most likely going to be the cheaper vehicles to insure for teenage drivers. The cost of auto insurance will trend higher just because there is more risk for 19 year olds, but generally speaking those particular models will have the best rates compared to all other vehicles.
Determining which companies have the cheapest car insurance rates for 19 year olds will require a tad more effort in order to find the most economical policy.
Every auto insurer has a different process for setting rates, so we’ll go over the most budget-friendly car insurance companies in Tulsa. We do need to point out that Tulsa car insurance rates are based on many factors which can significantly increase or decrease the price you have to pay. Simply turning a year older, getting divorced, or getting a ticket for careless driving may prompt premium changes that may make certain companies more affordable than competitors.
Best Car Insurance Prices for Teens
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,202|
|10||OK Farm Bureau||$2,018|
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USAA quotes some of the cheapest car insurance rates in Tulsa at around $1,150 each year. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto would also make the list of some of the cheaper Tulsa, OK car insurance companies.
As the example above demonstrates, if you have coverage with GEICO and switched to USAA, you might realize a yearly savings of upwards of $203. Insureds with Safe Auto may save as much as $269 a year, and Farmers policyholders might reduce prices by as much as $272 a year.
To get a quick, customized rate comparison, click here to start a quote or click through to the companies below.
Be aware that those prices are averaged for all ages of drivers and types of vehicles and do not factor in a specific zip code for 19 year olds. So the car insurance company that fits your age and vehicle best may not even be in the top 17 companies shown above. That point stresses why you need to get quotes using your own specific driver and vehicle information.
The illustration below highlights how deductible choice can change yearly insurance costs when trying to find cheap insurance for 19 year olds. The costs are based on a married male driver, full physical damage coverage, and no other discounts are factored in.
A 40-year-old driver could reduce rates by $374 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $566 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could reduce their rates $1,248 every year by selecting a higher deductible. When raising deductibles, it will now be necessary to have spare funds to allow you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
How careless driving impacts Tulsa car insurance rates
In a perfect world, the best way to get cheap car insurance rates in Tulsa for teenage drivers is to drive attentively and avoid at-fault accidents and violations. The information below illustrates how violations and at-fault claims impact car insurance rates for each age group. Data assumes a married female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
In the example above, the average cost of auto insurance in Tulsa per year with no accidents or violations is $1,811. Get written up for two speeding tickets and the average cost surges to $2,575, an increase of $763 each year. Now add two accidents along with the two speeding tickets and the yearly cost of car insurance for 19 year olds goes up to an average of $5,391. That’s an increase of $3,579, or $298 per month, just for not paying attention while driving!
Low rates can quickly become overpriced
Tulsa car insurance rates are determined by lots of factors which can substantially decrease or increase the price you have to pay. Getting older, buying a different home, or getting a couple of tickets can cause premium changes that can now make some companies cheaper than competitors. Not only may things change on your end, but auto insurance companies change their prices as often as every quarter in order to protect their financial rating. Heavy losses may cause increased rates, while better underwriting can result in cheaper Tulsa car insurance rates.
To illustrate this example, the chart below demonstrates which company has the cheapest car insurance in Tulsa, OK for a 30-year-old female driver with no accidents or violations, and a high credit rating. If we estimate prices based on her current risk profile, Oklahoma Farmers Union might quote the lowest car insurance rates in Tulsa at $1,402 annually. This is $565 less than the average rate paid by Oklahoma drivers of $1,967. USAA, The Hartford, GEICO, and Safe Auto are the remaining best Tulsa, OK auto insurance companies.
The example below compares rates after we give the driver in the first chart an accident surcharge, a lower credit rating, and a traffic ticket or two. Because each insurer has their own formula to establish rates, analyzing rates will most likely result in a slightly different list of affordable Tulsa car insurance companies as shown below.
State Farm now has the cheapest auto insurance in Tulsa, OK with USAA, Liberty Mutual, The Hartford, and Travelers now being in the top five. This example shows why it is critical to take the time to shop around when trying to find the best car insurance rates for 19 year olds. Insurance prices are determined by many things and can change substantially, so the cheapest company when you last compared rates may now be quite expensive.
How to find budget-friendly insurance for 19 year olds
Lowering your rates is not difficult, and here are a few penny-pinching suggestions that can help drivers locate cheaper car insurance.
- Keep your driving record clean
- Improve your credit score
- Accidents can significantly increase rates
- Increase your deductibles
- The safer your car, the less it costs to insure
- Comparison shop at least every other year
The last tip in the list is extremely valuable, as we stressed in the article above. Rates in Tulsa fluctuate considerably, so drivers shouldn’t be resistant to buy from a new company if a cheaper rate is available.
We understand brand loyalty, but we do not recommend it if your bullheadedness ends up costing you major coinage every year. Take a couple minutes and compare rates and find cheaper insurance for 19 year olds.
If you have questions and prefer to have professional advice when buying car insurance for teenage drivers, the agencies below are a good start to aid you in deciding which car insurance policy is best. To find an agent close to you, click the link after the list.
Bobby Williamson – State Farm Insurance Agent
7992 S Sheridan Rd – Tulsa, OK 74133 – (918) 935-2000
Kelly Bell – State Farm Insurance Agent
10030 S Mingo Rd b – Tulsa, OK 74133 – (918) 459-0456
Allstate Insurance: Rick Block
5420 S Harvard Ave – Tulsa, OK 74135 – (918) 299-1222
Louis Blosch Agency
9726 E 42nd St #210 – Tulsa, OK 74146 – (918) 664-7100
Scott Mccoy Insurance Agency, Inc.
7030 S Yale Ave Suite #109 – Tulsa, OK 74136 – (918) 894-5551