Comparing rates for reasonably-priced auto insurance is not always easy, and deciding which companies offer the cheapest car insurance rates for teenage males calls for even more work. Every insurance company has a unique formula for determining rates in each state, so first let’s look at the rankings for the car insurance companies with the overall cheapest rates in New Orleans.
It’s important to know that Louisiana car insurance rates are impacted by many factors which can substantially decrease or increase the cost of having a policy. This is why it is critical to shop around to get the most affordable auto insurance quotes for teenage males. Prices are made up of many risk factors and change dramatically, so the lowest-price company when you last compared rates may now not even be in the top five.
Find Cheaper Auto Insurance for Teens
|Rank||Company||Cost Per Year|
|5||Southern Farm Bureau||$2,181|
|Find Cheaper Rates Go|
USAA quotes some of the most affordable car insurance rates in New Orleans at around $1,578 per year. This is $836 less than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Southern Farm Bureau are also some of the most economical New Orleans, LA insurance companies.
In the above example, if you currently have a policy with Southern Farm Bureau and switched to MetLife, you could earn an annual savings of in the vicinity of $327. Policyholders with Safeway might save as much as $344 a year, and California Casualty customers might reduce prices by as much as $461 a year.
To compare your rates to other Louisiana insurance companies, click here to start your free quote or visit any of the low-priced companies below.
Remember that these policy prices are averages across all ages of drivers and types of vehicles and and are not calculated with an exact location for teenage males. So the company that fits your age and vehicle best may not even be in the top 12 companies shown above. That’s why you need to get auto insurance quotes using your own driver information and specific vehicle type.
The car, truck, or SUV that needs insurance is a large factor that determines whether or not you can buy cheaper insurance for teenage males. Vehicles with higher performance characteristics, poor safety ratings, or an increased likelihood of liability claims will cost much more to insure than more modest models. The information below ranks coverage premiums for a handful of the most affordable automobiles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$9,611|
|Honda CR-V EX-L 4WD||$9,704|
|Ford Escape Limited 4WD||$10,292|
|Volkswagen Jetta S 2.5 Station Wagon||$10,301|
|Ford F-150 STX Super Cab 2WD||$10,720|
|Dodge Grand Caravan SE||$10,813|
|Ford Explorer XLT AWD||$10,822|
|Chevrolet Impala LS||$11,308|
|Jeep Grand Cherokee Laredo 2WD||$11,401|
|Chevrolet Equinox LS 2WD||$11,407|
|Toyota RAV4 2WD||$11,401|
|Toyota Tacoma Double Cab 4WD||$11,491|
|Chevrolet Malibu LT||$11,498|
|Ford Focus SEL 4-Dr Sedan||$11,896|
|Hyundai Elantra GLS 4-Dr Sedan||$11,989|
|Honda Odyssey EX-L W/Rear Entertainment||$11,995|
|Toyota Corolla XLE||$11,989|
|Ford Edge Sport AWD||$11,996|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$12,068|
|Find Cheaper Rates Go|
Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in garaging location in New Orleans, LA which can decrease or increase prices significantly.
Looking at the numbers, you can expect makes and models like the Honda Accord, Honda CR-V, Ford Escape, and Volkswagen Jetta are going to be a few of the cheaper vehicles to insure for teen boys. Prices will trend higher just due to the fact that there is more risk for teenage males, but overall those makes and models will have the cheapest rates that you’ll find.
The example below illustrates how your choice of deductibles can affect insurance costs when getting quotes for cheap insurance for teenage males. The rates are based on a single male driver, full physical damage coverage, and no policy discounts are applied.
As shown above, a 50-year-old driver could cut expenses by $458 a year by increasing from a $100 deductible up to a $500 deductible, or save $688 by changing to a $1,000 deductible. Young drivers, such as the Age 20 example, can save $1,506 every year just by choosing higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it is important to have plenty of money set aside to allow you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Finding the right auto insurance company can be challenging considering how many companies sell insurance in Louisiana. The information below can help you decide which car insurance providers you want to consider when comparing rates.
These ratings include companies with a national presence, so smaller regional companies are not taken into consideration for this list. To get rate quotes from these companies and more, follow this link.
Top 10 Large Auto Insurance Providers Overall in New Orleans
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
- The General
Types of discounts on New Orleans auto insurance rates
Auto insurance companies that offer quotes for teenage males may also give you special discounts that can lower rates by as much as 35% if you meet specific eligibility requirements. Companies and a partial list of their discounts are shown below.
- State Farm has savings for driver’s education, Drive Safe & Save, safe vehicle, anti-theft, accident-free, defensive driving training, and good driver.
- American Family discounts include defensive driver, Steer into Savings, bundled insurance, multi-vehicle, accident-free, good driver, and early bird.
- GEICO offers discounts for defensive driver, multi-vehicle, anti-lock brakes, multi-policy, and seat belt use.
- 21st Century may offer discounts for anti-lock brakes, student driver, 55 and older, teen driver, and air bags.
- Progressive has discounts for multi-policy, good student, online signing, multi-vehicle, online quote discount, and homeowner.
The illustration below shows the comparison of insurance rates with and without discounts applied to the rates. The costs are based on a male driver, a clean driving record, no at-fault accidents, Louisiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with continuous coverage, good student, paperless filing, paid-in-full, vehicle safety, and passive restraint discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for teenage males is 28% or $1,323.
The professional agents shown below are a good start to answer your questions and help you decide which policy fits your needs best, as lots of drivers aren’t clear which coverage they need and would like to get help from a professional when trying to find the best insurance rates for teenage males. It can be difficult to find the best policy on your own, so a professional agent can provide satisfaction knowing your policy gives you enough coverage if you have a claim.
To locate a New Orleans auto insurance agent close to you, click the button after the list or click here to compare rates now.
Ed Buckley – State Farm Insurance Agent
4822 Prytania St – New Orleans, LA 70115 – (504) 891-2886
Larry Talamo – State Farm Insurance Agent
6506 Spanish Fort Blvd – New Orleans, LA 70124 – (504) 282-3474
6003 Bullard Ave #6 – New Orleans, LA 70128 – (504) 517-8884
Ideas for finding economical auto insurance for teenage males
It’s not impossible to find cheaper rates, and here are some of the better money-saving solutions that can help you get lower-cost coverage.
- Staying accident-free helps keep rates low
- Increase your credit score
- Avoid filing excessive claims
- Raise comprehensive and collision coverage deductibles
- Speeding tickets and other violations increase rates
- Home or renters coverage can save on auto insurance
- Compare rates often to find the best deal
That last idea is extraordinarily valuable, as we emphasized in the prior article. Coverage rates can be adjusted at any time, so drivers shouldn’t be reluctant to buy a policy from a new company if a cheaper rate is available.
Brand loyalty is great, but is isn’t recommended if that loyalty results in overpaying a small fortune year after year. It takes less than five minutes to compare rates to find cheaper car insurance for teenage males in New Orleans.