The car, truck, or SUV needing coverage is one of the primary factors when shopping for the lowest-priced car insurance for a school permit. Vehicles with higher performance characteristics, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than more modest models.
The table below illustrates auto insurance prices for the most economical vehicles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$5,473|
|Honda CR-V LX 4WD||$5,480|
|Hyundai Elantra SE Touring Station Wagon||$5,888|
|Ford Escape Limited 4WD||$5,895|
|Dodge Grand Caravan SE||$6,134|
|Ford Focus S 4-Dr Sedan||$6,434|
|Chevrolet Impala LS||$6,444|
|Ford Edge SEL AWD||$6,434|
|Chevrolet Equinox LS 2WD||$6,491|
|Chevrolet Malibu Hybrid||$6,499|
|Toyota Tacoma Double Cab 4WD||$6,491|
|Volkswagen Jetta LE 4-Dr Sedan||$6,498|
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Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Alaska minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in vehicle location which can revise premiums substantially.
Based upon the table data, you can conclude that makes and models like the Honda Accord, Honda CR-V, Hyundai Elantra, Ford Escape, and Toyota Prius are the more affordable vehicles to insure for a learners permit. Auto insurance rates will trend higher just due to the fact that there is more inherent risk for a school permit, but in general those vehicles will most likely have the cheapest car insurance rates that you’ll find.
For a learners permit, one of the big factors that help determine the annual cost of car insurance is where you normally keep your vehicle. More populated areas will most likely have higher rates, whereas less populated areas benefit from lower rates.
The following table rates the highest-priced places in Alaska for a school permit to buy car insurance in. Anchorage is ranked at #3 having an annual price of $1,269 for coverage, which is about $106 monthly.
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Price information shown is estimated as the specific area where the vehicle is garaged can affect coverage prices considerably.
How violations and accidents impact rates
A great way to snag good insurance rates for a learners permit is to drive safely and not have accidents or get tickets. The diagram below shows how violations and fender-benders influence premium costs for each different age category. The costs are based on a single male driver, full coverage, $100 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of an auto insurance policy in Anchorage per year with a clean driving record and no accidents is $2,095. Get one speeding ticket and the average cost surges to $2,359, an increase of $264 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of insurance for a school permit jumps again to an average of $3,114. That’s an increase of $1,019, or $85 per month, just for not being attentive to the road!
Discount Anchorage car insurance
Car insurance companies that provide policies for a school permit may additionally offer special discounts that could potentially reduce rates by 35% or more if you meet certain criteria. Companies and some of their more popular discounts are shown below.
- GEICO may include discounts for membership and employees, five-year accident-free, multi-vehicle, anti-theft, and emergency military deployment.
- SAFECO has discounts for drive less, multi-car, anti-theft, accident prevention training, anti-lock brakes, safe driver, and homeowner.
- State Farm includes discounts for passive restraint, Steer Clear safe driver discount, driver’s education, multiple policy, anti-theft, and Drive Safe & Save.
- MetLife offers discounts for defensive driver, claim-free, multi-policy, good student, accident-free, and good driver.
- 21st Century may offer discounts for homeowners, 55 and older, good student, early bird, anti-lock brakes, and student driver.
- Progressive may have discounts that include online quote discount, good student, continuous coverage, multi-vehicle, and homeowner.
The information below shows the comparison of yearly insurance costs with and without discounts applied to the premium. The price estimates are based on a male driver, no violations or claims, Alaska state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with paid-in-full, good student, anti-theft, passive restraint, paperless filing, and continuous coverage discounts applied. When drivers qualify for the discounts, theaverage amount saved on insurance for a school permit is 28% or $410.
The information below shows how different deductible levels can impact insurance costs when getting quotes for cheap insurance for a school permit. The costs are based on a single male driver, comp and collision included, and no discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower rates by $342 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $512 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old, can cut as much as $1,010 or even more by choosing larger deductibles on their policy. If you do make the decision to raise your deductibles, it is essential to have enough spare savings to satisfy the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
If you wish to have a little guidance when comparing insurance rates for a school permit, the agencies below can help you determine which coverages you need. To find an Anchorage insurance agent by location nearest to you, click the button below the list or click here to get price quotes now.
Kent S Kallander Insurance Agency Inc
1317 W Northern Lights Blvd #9 – Anchorage, AK 99503 – (907) 563-1492
Dewar Insurance Agency
205 E Benson Blvd – Anchorage, AK 99503 – (907) 258-8888
Dave Strike – State Farm Insurance Agent
2213 E Tudor Rd #54 – Anchorage, AK 99507 – (907) 562-2721
Allstate Insurance: Babette Miller
3304 Spenard Rd – Anchorage, AK 99503 – (907) 561-7671