Who Has the Cheapest Car Insurance Quotes for 16 Year Olds in Irvine?

Deciphering which companies quote the best auto insurance rates for 16 year olds requires a little more effort than just comparing a company or two. Each insurance company has a different formula for determining rates in each state, so we’ll go over the auto insurance companies with the most affordable rates in Irvine.

It’s a good idea to be aware that California auto insurance rates are based on many factors that will increase or decrease the cost of your policy. Simply getting older, getting divorced, or getting a driving violation can cause premium changes that can now make some companies cheaper than competitors.

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Cheapest insurance companies in California
Rank Company Cost Per Year
1 USAA $1,143
2 Wawanesa $1,146
3 CSAA $1,222
4 Century National $1,226
5 Nationwide $1,250
6 21st Century $1,325
7 Grange $1,491
8 Mercury $1,503
9 Progressive $1,512
10 Allstate $1,543
11 GEICO $1,575
12 Allied $1,603
13 MetLife $1,638
14 The Hartford $1,639
15 Unitrin $1,682
16 State Farm $1,699
17 Esurance $1,705
18 Bristol West $1,777
19 Travelers $1,788
20 Farmers $2,026
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USAA offers some of the lowest car insurance rates in Irvine at around $1,143 a year. This is $508 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are also some of the lowest-priced Irvine, CA auto insurance companies.

In the above example, if you have coverage with Nationwide and switched to Wawanesa, you could see a yearly price reduction of roughly $104. Insureds with 21st Century could save as much as $179 a year, and Grange insureds might reduce rates by $345 a year.

These policy rates are averaged across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for 16 year olds. So the auto insurance company that fits you best may not even be in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.

The make and model of vehicle you are insuring is one of the main factors that determines if you can find cheaper insurance for 16 year olds. Vehicles with high performance engines, a lack of safety features, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models. The list below ranks coverage rates for the cheaper automobiles to buy insurance for.

Cheapest Vehicles to Insure in Irvine, CA
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLS 2WD $3,735
Honda Accord LX-P 4-Dr Sedan $3,741
Hyundai Elantra GLS Touring Station Wagon $3,735
Honda CR-V EX 4WD $3,770
Toyota Prius $4,033
Chevrolet Silverado LS Regular Cab 4WD $4,166
Ford Explorer Eddie Bauer 2WD $4,201
Ford Edge SEL 2WD $4,393
Ford Fusion S 4-Dr Sedan $4,428
Toyota RAV4 Sport 4WD $4,436
Chevrolet Equinox LT AWD $4,428
Dodge Grand Caravan Crew $4,464
Ford F-150 FX2 2WD $4,470
Chevrolet Malibu LT $4,464
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $4,470
Ford Focus SES 4-Dr Sedan $4,623
Nissan Altima 2.5 S 4-Dr Sedan $4,658
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Data variables include single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in vehicle garaging location which can affect insurance rates considerably.

Based on these rates, you can conclude that cars like the Ford Escape, Honda Accord, Hyundai Elantra, and Honda CR-V should be some of the cheaper vehicles to insure for new drivers. Auto insurance rates will tend to be higher because of the fact that there is a higher risk for 16 year olds, but in general those models will tend to have the lowest insurance prices that you’ll find.

The chart below highlights how deductible selection can raise or lower insurance prices when quoting cheap insurance for 16 year olds. The premiums are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

The chart above illustrates that a 30-year-old driver could save $350 a year by changing from a $100 deductible to a $500 deductible, or save $530 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 category, can cut as much as $750 or more by selecting a higher deductible.

When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have additional funds squirreled away to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Price comparison of only insuring for liability

Saving on auto insurance is important to the majority of vehicle owners, and an easy way to buy cheaper insurance for 16 year olds is to buy liability only. The diagram below shows the comparison of insurance premiums with full coverage compared to only the California minimum liability coverage. The premiums are based on a clean driving record, no claims, $1,000 deductibles, single status, and no policy discounts are applied.

If all age groups are averaged, physical damage insurance costs $2,501 per year over and above liability only. At some point, every insured wonders if you should buy full coverage. There is no clear-cut formula that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then you might consider buying liability only.

For example, let’s say your vehicle’s claim settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $5,000 after paying your deductible. If you are paying over $500 a year for full coverage, then it’s probably a good time to buy liability coverage only.

Irvine auto insurance companies

Ending up with the highest-rated company can be challenging considering how many different insurance companies sell coverage in Irvine. The rank data displayed below can help you analyze which coverage providers to look at comparing prices from. The rankings below are for the largest companies in America, so smaller companies will not be included in these rankings.

Best Ten Auto Insurance Companies for 16 Year Olds in Irvine
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
AAA of Southern California 91 94 97 92% A+ 94.1
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
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Data Source: Insure.com Best Car Insurance Companies

If you have coverage questions and would like to have a consultation when shopping around for cheaper insurance for 16 year olds, the agents shown below are willing to aid you in deciding which policy is best.

To locate an Irvine insurance agent closest to you, click the link at the bottom or click here to get price quotes now.

View map of Irvine, CA insurance agents

Ideas to find budget-friendly insurance for 16 year olds

It is possible to find better rates, and here are a few penny-pinching ideas that can help you buy cheaper car insurance.

The final tip is remarkably valuable, as was discussed in the prior information. Car insurance rates in Irvine can change considerably based on profitability, so don’t hesitate to switch companies if a more affordable price is available. Many drivers have brand loyalty and that’s fine, but we do not recommend it if your bullheadedness ends up costing you a considerable chunk of change every month. Spend a few minutes and compare prices to find cheaper auto insurance for 16 year olds.