The vehicle you are buying coverage for is one of the main factors that determines if you can find the lowest-priced car insurance for good students. Vehicles with lower performance, a plethora of safety features, or a positive history of liability claims will cost much less to insure than adrenaline junky models. The next table showcases auto insurance premiums for some of the cheapest vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$4,027|
|Honda CR-V EX-L 2WD||$4,067|
|Hyundai Elantra SE Touring Station Wagon||$4,321|
|Ford Escape Limited 4WD||$4,331|
|Ford Edge SE 2WD||$4,485|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$4,492|
|Dodge Grand Caravan CV||$4,525|
|Ford F-150 FX2 Super Cab 2WD||$4,531|
|Ford Focus S 4-Dr Sedan||$4,738|
|Chevrolet Impala LT||$4,778|
|Chevrolet Equinox LS AWD||$4,787|
|Toyota RAV4 Sport 2WD||$4,778|
|Toyota Tacoma Double Cab 4WD||$4,816|
|Ford Explorer Limited 4WD||$4,821|
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Data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in your specific Long Beach, CA location which can modify prices noticeably.
Based upon the table data, we can conclude that models like the Honda Accord, Honda CR-V, Hyundai Elantra, Ford Escape, and Toyota Prius will be the most economical vehicles to insure for student drivers.
One of the more important factors that are looked at to determine car insurance rates is where you live. Cities with larger populations tend to have higher rates, whereas areas with less crime or weather claims have the benefit of cheaper car insurance.
The illustration below shows the most expensive places in California for good students to purchase car insurance in. Long Beach is ranked #9 with a yearly cost of $1,578 for the average insurance policy, which is approximately $132 monthly.
|Rank||City||Average Per Year|
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Price information shown is approximated as vehicle location can affect coverage rates noticeably.
Discounts on Long Beach car insurance rates
Car insurance companies that offer quotes for good students may also give you discounts that could lower prices by as much as 40% or more if you qualify for them. The best insurance companies and their offered discounts are shown below.
- State Farm policyholders can earn discounts including student away at school, defensive driving training, Drive Safe & Save, good driver, multiple policy, good student, and passive restraint.
- GEICO may have discounts that include anti-lock brakes, good student, defensive driver, emergency military deployment, and air bags.
- Allstate may offer discounts for teenSMART discount, passive restraint, utility vehicle, anti-lock brakes, early signing, and resident student.
- SAFECO has savings for anti-theft, anti-lock brakes, bundle discounts, accident prevention training, and multi-car.
- Farm Bureau includes discounts for multi-policy, multi-vehicle, driver training, safe driver, 55 and retired, and renewal discount.
- Progressive offers discounts including continuous coverage, good student, online signing, multi-policy, and homeowner.
- AAA discounts include good student, multi-policy, multi-car, anti-theft, and education and occupation.
The chart below shows the difference between car insurance costs with and without discounts applied to the policy premium. The data assumes a male driver, a clean driving record, no claims, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with anti-theft, passive restraint, paid-in-full, continuous coverage, good student, and paperless filing discounts applied. When taking advantage of discounts, theamount saved on insurance for good students is 28% or $820.
Should you buy full coverage?
Saving money when shopping for insurance should be important to the majority of vehicle owners, and a great way to lower the cost of insurance for good students is to not buy full coverage. The information below illustrates the difference between premium costs with full coverage compared to only the California minimum liability coverage. The prices are based on no accidents, no driving violations, $500 deductibles, single status, and no discounts are applied to the premium.
If the expense is averaged for all age categories, full coverage on your policy costs an extra $2,772 per year more than just insuring for liability. At some point, every insured wonders if paying for full coverage is a waste of money. There is no definitive rule that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than around 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let’s assume your vehicle’s claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after paying your deductible. If you are currently paying more than $400 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
Impact of violations and accidents on rates in Long Beach
In a perfect world, the ideal way to maintain the most affordable insurance rates in Long Beach for student drivers is to drive carefully and have a clean driving record. The information below shows how traffic citations and fender-benders influence auto insurance costs for different age groups of insureds. The costs are based on a married female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
In the example above, the average cost of an auto insurance policy in California per year with no accidents or violations is $1,418. Get written up for one speeding ticket and the average cost surges to $1,657, an increase of $239 each year. Next add two accidents along with the one speeding ticket and the 12-month cost of insurance for good students goes up to an average of $3,897. That’s an increase of $2,480, or $207 per month, just for not driving responsibly!
Ideas to find low-cost insurance for good students
The list below details some of the recommended money-saving solutions that can help California drivers buy low-cost car insurance.
- Remain accident-free and save
- Multi-policy discounts save money
- Buy vehicles with good safety ratings
- Save money by insuring older vehicles for liability only
- Try paying for small claims out-of-pocket
- You will pay more if you get tickets or have at-fault accidents
- Comparison shop frequently
The final tip is remarkably important, as we discussed in the article above. Auto insurance prices adjust often, so don’t hesitate to buy from a new company if a lower price can be found.
Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that loyalty results in overpaying a small fortune. Now is a great time to compare rates and find cheaper car insurance for good students in Long Beach.
If you aren’t clear which coverage you need and would like to get help from a professional when shopping around for cheaper insurance for student drivers, the agents listed below can aid you in deciding which coverages you need. To locate a Long Beach car insurance agency by location nearest to you, click the button after the list.
John Margain – State Farm Insurance Agent
3524 E 7th St – Long Beach, CA 90804 – (562) 433-4622
Peter Kong – State Farm Insurance Agent
2020 E Anaheim St – Long Beach, CA 90804 – (562) 438-8188
Vinny Bommaiah – State Farm Insurance Agent
6272 Pacific Coast Hwy Ste C – Long Beach, CA 90803 – (562) 439-8544
Farmers Insurance – David Van Wyk
1959 E Spring St – Long Beach, CA 90806 – (949) 770-1708
Allstate Insurance: Braden Palmer
5000 E Spring St Ste 390 – Long Beach, CA 90815 – (562) 425-5109