The vehicle driven is probably the most important factor when trying to find economical auto insurance for high school students. Vehicles with limited speed and performance, an excellent safety record, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models. The table below presents coverage rates for the most economical automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $8,755 |
| Honda CR-V EX 4WD | $8,851 |
| Ford Escape Limited 4WD | $9,436 |
| Toyota Prius | $9,536 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $9,705 |
| Ford Explorer XLT 4WD | $9,802 |
| Ford F-150 XLT Crew Cab 2WD | $9,808 |
| Toyota Tacoma 2WD | $10,289 |
| Honda Civic DX 4-Dr Sedan | $10,296 |
| Toyota Camry LE | $10,386 |
| Chevrolet Equinox LT AWD | $10,392 |
| Chevrolet Impala LT | $10,386 |
| Toyota RAV4 2WD | $10,395 |
| Nissan Altima 2.5 4-Dr Sedan | $10,386 |
| Dodge Grand Caravan SXT | $10,486 |
| Dodge Ram Quad Cab ST 2WD | $10,625 |
| Ford Focus SES 4-Dr Sedan | $10,873 |
| Toyota Corolla S | $10,970 |
| Ford Edge Limited AWD | $10,979 |
| Hyundai Elantra SE 4-Dr Sedan | $10,970 |
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Prices based on single male driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in New Orleans, LA location which can alter rates considerably.
Based upon these rates, vehicles like the Honda Accord, Honda CR-V, and Ford Escape should be a few of the cheapest vehicles to insure for teenagers. Car insurance rates will tend to be higher just due to the fact that there is more liability exposure for high school students, but overall those particular models will probably have the least expensive rates that you’ll find.
Finding out which company offers the cheapest insurance rates for high school students requires more work in order to find the best policy. Each insurance company has their own formula for establishing rates, so we’ll go over the most competitive insurance companies in New Orleans, LA.
Keep in mind that New Orleans insurance rates are impacted by many things that will increase or decrease the price of coverage. Simply turning a year older, adding a teenager to your policy, or getting a ticket for running a stop sign may prompt premium changes that can cause some rates to be more affordable than before.
Find the Cheapest Auto Insurance for Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,578 |
| 2 | MetLife | $1,910 |
| 3 | GEICO | $1,965 |
| 4 | Progressive | $1,986 |
| 5 | Safeway | $2,154 |
| 6 | California Casualty | $2,269 |
| 7 | Southern Farm Bureau | $2,271 |
| 8 | State Farm | $2,431 |
| 9 | Safe Auto | $2,653 |
| 10 | Allstate | $3,065 |
| 11 | Encompass | $3,170 |
| 12 | Liberty Mutual | $3,756 |
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USAA quotes some of the best car insurance rates in New Orleans at around $1,578 annually. MetLife, GEICO, Progressive, and Safeway also qualify as some of the lowest-priced New Orleans, LA car insurance companies.
As the rates illustrate above, if you buy coverage from MetLife and switched to USAA, you may see an annual premium reduction of about $332. Policyholders with GEICO might save as much as $387 a year, and Progressive insureds might lower prices by $408 a year.
To discover how much you can save, click here to get a free quote or feel free to get quotes from the companies below.
Bear in mind that those premium estimates are averages across all insureds and vehicles and do not take into consideration a vehicle location for high school students. So the auto insurance company that can offer the best rates for your situation may not even be in the top 12 companies shown above. That helps illustrate why you need to quote rates from many companies using your own driver data and vehicle information.
For teenagers, one of the largest things that are used to help calculate the annual cost of car insurance is where your residence is. Cities with larger populations or higher claim trends will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates profit from lower rates.
The information below shows the most expensive cities in Louisiana for high school students to purchase car insurance in. New Orleans is listed at #1 with the annual price of $2,827 for the average insured, which is about $236 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | New Orleans | $2,827 |
| 2 | Marrero | $2,569 |
| 3 | Terrytown | $2,530 |
| 4 | Harvey | $2,513 |
| 5 | Kenner | $2,225 |
| 6 | Prairieville | $2,169 |
| 7 | Metairie | $2,166 |
| 8 | Central | $2,157 |
| 9 | Baton Rouge | $2,143 |
| 10 | Shenandoah | $2,139 |
| 11 | Hammond | $2,107 |
| 12 | Alexandria | $2,054 |
| 13 | Lake Charles | $1,974 |
| 14 | Sulphur | $1,974 |
| 15 | Laplace | $1,971 |
| 16 | Lafayette | $1,936 |
| 17 | Monroe | $1,931 |
| 18 | Slidell | $1,919 |
| 19 | Shreveport | $1,876 |
| 20 | New Iberia | $1,871 |
| 21 | Houma | $1,846 |
| 22 | Natchitoches | $1,817 |
| 23 | Bossier City | $1,780 |
| 24 | Bayou Cane | $1,764 |
| 25 | Ruston | $1,703 |
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Table data uses approximated as vehicle location can modify premiums substantially.
Responsible drivers pay cheaper insurance rates
A great way to earn good insurance prices for teenagers is to drive attentively and avoid accidents and violations. The example below shows how violations and at-fault fender-benders raise auto insurance costs for each different age category. The price estimates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
In the chart above, the average cost of car insurance per year with no accidents or violations is $2,957. Receive two speeding tickets and the average cost surges to $3,935, an increase of $979 each year. Now get one accident along with the two speeding tickets and the annual cost of insurance for high school students jumps again to an average of $4,918. That’s an increase of $1,962, or $163 per month, just for not being more responsible behind the wheel!
The illustration below illustrates how your deductible choice can increase or decrease annual premium costs when trying to find cheap insurance for high school students. The information is based on a single male driver, comp and collision included, and no discounts are applied to the premium.
As shown above, a 40-year-old driver could save $382 a year by increasing from a $100 deductible up to a $500 deductible, or save $576 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, have the ability to save $1,254 or more just by choosing higher deductibles when buying full coverage. When using a larger deductible, it is important to have plenty of money set aside to allow you to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Picking the top car insurance company can be a challenge considering how many companies are available to choose from in New Orleans. The information in the next section can help you select which car insurance providers to look at comparing price quotes from. These ratings only include companies that insure vehicles nationwide, so companies without a large exposure are not factored into this list.
Top 10 Major Car Insurance Companies in New Orleans Ranked by Customer Service
- USAA
- Safeco Insurance
- AAA Insurance
- State Farm
- Progressive
- The Hartford
- The General
- Esurance
- GEICO
- Liberty Mutual
Top 10 Major Car Insurance Companies in New Orleans Ranked by A.M. Best Rating
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Allstate – A+
- The Hartford – A+
- Progressive – A+
- The General – A-
- Liberty Mutual – A
- 21st Century – A