Determining which insurers offer the cheapest insurance rates for 18 year olds involves more work in order to find the best policy. Each company uses a different method for setting prices, so to begin we’ll rank the insurance companies that tend to have lower prices in Tampa.
Keep in mind that Tampa, FL insurance rates are calculated based on many things which can significantly increase or decrease the price you pay for coverage. Getting older, having a teenage driver, or getting into an accident may generate price changes that can cause some rates to be more affordable than before.
Find the Cheapest Car Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $957 |
| 2 | Electric | $1,712 |
| 3 | Amica | $1,712 |
| 4 | Progressive | $1,847 |
| 5 | Allied | $1,926 |
| 6 | Travelers | $1,945 |
| 7 | Mercury | $1,992 |
| 8 | Esurance | $2,082 |
| 9 | State Farm | $2,131 |
| 10 | GEICO | $2,150 |
| 11 | Auto-Owners | $2,171 |
| 12 | Allstate | $2,388 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | MetLife | $2,900 |
| 16 | Hanover | $2,934 |
| 17 | Safeco | $2,987 |
| 18 | Liberty Mutual | $3,009 |
| 19 | United Automobile | $3,527 |
| 20 | Direct General | $4,062 |
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USAA offers some of the cheapest car insurance rates in Tampa at around $957 a year. This is $1,491 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied also are some of the lowest-priced Tampa, FL auto insurance companies.
In the rate table above, if you have coverage with Amica and switched to USAA, you may realize annual savings of approximately $755. Customers with Progressive might save as much as $890 a year, and Allied insureds might lower prices by up to $969 a year.
To find the cheapest rates for your vehicle, click here to get quotes or visit any of the companies below.
Remember that these rates are averaged across all types of drivers and the different vehicles they drive and do not factor in a specific vehicle garaging location for 18 year olds. So the auto insurance company that can offer you the best rate may not even be in the list above. That’s why you need to quote rates from many companies using your own individual information.
The car, truck, or SUV on the policy is one of the largest factors when comparison shopping for low-priced auto insurance for 18 year olds. Vehicles with high performance features, poor safety ratings, or a history of substantial liability claims will cost significantly more to insure than more modest models. The next list outlines car insurance rates for a number of the most budget-friendly vehicles to insure in Florida.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $6,944 |
| Ford Escape XLT 4WD | $7,024 |
| Honda CR-V EX-L 4WD | $7,033 |
| Toyota Prius | $7,565 |
| Ford F-150 STX Super Cab 2WD | $7,698 |
| Toyota Tacoma 4WD | $7,778 |
| Ford Edge Limited 2WD | $8,159 |
| Honda Odyssey EX | $8,166 |
| Toyota RAV4 4WD | $8,239 |
| Chevrolet Malibu Hybrid | $8,248 |
| Chevrolet Equinox LS 2WD | $8,239 |
| Ford Explorer Limited 2WD | $8,319 |
| Dodge Grand Caravan SXT | $8,327 |
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Data variables include single male driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in specific Tampa, FL garaging location which can alter rates greatly.
Based upon these rates, you can infer that models like the Honda Accord, Ford Escape, Honda CR-V, Toyota Prius, and Ford F-150 are most likely going to be a few of the cheapest vehicles to insure for teen drivers. The price for car insurance will be more costly because of the fact that there is more risk for 18 year olds, but in general those makes and models will have the lowest insurance rates compared to other types of vehicles.
For teen drivers, one of the largest criteria that determine car insurance rates is where your residence is in Tampa. Areas with high crime rates or more dense population likely pay more, whereas areas with less congestion tend to receive cheaper rates.
The next table lists the priciest cities in Florida for 18 year olds to purchase auto insurance in. Tampa is ranked #9 with a yearly cost of $2,558 for the average policy, which is around $213 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Hialeah | $3,630 |
| 2 | Miami | $3,273 |
| 3 | Miami Gardens | $3,245 |
| 4 | Miami Beach | $2,923 |
| 5 | Miramar | $2,709 |
| 6 | West Palm Beach | $2,679 |
| 7 | Hollywood | $2,604 |
| 8 | Pompano Beach | $2,595 |
| 9 | Tampa | $2,558 |
| 10 | Davie | $2,523 |
| 11 | Fort Lauderdale | $2,500 |
| 12 | Pembroke Pines | $2,481 |
| 13 | Coral Springs | $2,474 |
| 14 | Brandon | $2,392 |
| 15 | Clearwater | $2,260 |
| 16 | St. Petersburg | $2,219 |
| 17 | Orlando | $2,069 |
| 18 | Spring Hill | $2,039 |
| 19 | Jacksonville | $2,020 |
| 20 | Cape Coral | $1,917 |
| 21 | Port St. Lucie | $1,916 |
| 22 | Lakeland | $1,901 |
| 23 | Palm Bay | $1,803 |
| 24 | Tallahassee | $1,748 |
| 25 | Gainesville | $1,630 |
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Prices are comparative as specific location information can decrease or increase coverage rates substantially.
The diagram below demonstrates how deductible levels can influence insurance costs when searching for cheap insurance for 18 year olds. The premiums assume a married female driver, full physical damage coverage, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could reduce rates by $340 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $514 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old, can save $848 every year by choosing a larger deductible amount.
If you make the decision to raise deductibles, it is a good idea to have additional savings on hand to satisfy the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Drive safe and save
The easiest method to score cheap insurance premiums for teen drivers is to be an attentive driver and not get tickets or have accidents. The chart below shows how traffic citations and accident claims raise auto insurance costs for different age groups. The information is based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,865. Receive one speeding ticket and the average cost rises to $2,169, an increase of $304 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of insurance for 18 year olds jumps again to an average of $4,717. That’s an increase of $2,852, or $238 per month, just for a couple of infractions!
The benefits of price comparisons
Tampa insurance rates are influenced by many factors that will increase or decrease the cost of coverage. Improving your credit rating, moving to a different location, or getting into an accident can trigger price changes that may make certain companies more affordable than before.
In addition to those changes, insurance companies file new Florida car insurance rates as often as every quarter to adjust for gains or losses. Larger than normal claims may cause increased rates, while better underwriting can result in more affordable Tampa car insurance rates.
For instance, the graph below shows rates for the cheapest car insurance in Tampa, FL for a 30-year-old female driver with no accidents or violations, and a good credit history. If we compare prices based on her personal profile, USAA may have the most affordable car insurance rates in Tampa at $1,503 per year. This is $945 less than the average premium paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are also on the list of the most affordable Tampa, FL auto insurance companies.
Now let’s give the driver from the first example a claim surcharge, poor credit, and a blemish on her driving record. Since each auto insurer uses a different method for filing rates in each state, analyzing rate quotes could now result in a different ranking of affordable Tampa car insurance companies as shown below.
USAA now has the cheapest price in Tampa with Allied, State Farm, Esurance, and GEICO also having competitive pricing. This shows why consumers need to take the time to perform an extensive rate comparison when trying to get the most economical insurance quotes for 18 year olds. Car insurance prices can be determined by many different factors and can decrease or increase without notice, so the cheapest rate the last time you compared rates may now be quite expensive.
If you like to get some professional input when trying to find the best insurance rates for 18 year olds, the insurance agencies listed below are willing to help you make a decision which coverage fits your budget. To locate a Tampa car insurance agency closest to you, click the button link following the list or click here to compare prices now.
- Allstate Insurance: Dave Sangar
208 E Bearss Ave – Tampa, FL 33613 – (813) 877-5506 - State Farm: Jimmy Fisher
6920 E Fowler Ave – Tampa, FL 33617 – (813) 989-2037 - Allstate Insurance: Paul H. Phaneuf
3641 W Kennedy Blvd F – Tampa, FL 33609 – (813) 353-0303 - Varcas Insurance Agency LLC
1721 W Hillsborough Ave – Tampa, FL 33603 – (813) 319-1940
View map of Tampa, FL insurance agents
How to find budget-friendly auto insurance for 18 year olds
Here are a few money-saving solutions that can help Florida drivers buy cheaper car insurance.
- Drive a car with a high safety rating
- Avoid having at-fault accidents
- Bundle home or renters insurance to earn a discount on car insurance
- Be a cautious driver
- Claim-free policyholders usually earn a discount
- Compare rate quotes frequently
The last tip in the list is incredibly important, as was pointed out in the prior article. Prices charged by car insurance companies adjust often, so drivers shouldn’t be reluctant to buy from a different company if you can find a cheaper rate.
Staying with the same company for years is fine, but we do not recommend it if your bullheadedness ends up costing you a small fortune year after year. It only takes a couple minutes to shop around and find cheaper auto insurance for 18 year olds in Tampa.