It’s hard to avoid all the commercials from car insurance companies like Farmers and Allstate that claim the cheapest price, so you should just choose one randomly, right?
Regrettably, it’s not quite that easy, as there are a whole bunch of unknown factors like the number of miles you drive in a year, the area you live in, if you are married or single, and what deductibles to use for physical damage coverage. This article will cover these types of topics and will give you a solid foundation to find cheaper car insurance in Arizona.
For teen boys, one of the largest things that are used to help calculate the amount you pay for auto insurance is where you normally keep your vehicle in Mesa. Regions with more people or even just more weather-related claims will most likely pay more, whereas areas that tend to be more rural have the luxury of cheap car insurance rates.
The information below sorts the priciest cities in Arizona for teenage males in which to buy car insurance. Mesa is listed at #8 with the yearly price of $1,125 for coverage, which is approximately $94 per month.
|4||San Tan Valley||$1,185|
|25||Lake Havasu City||$870|
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Price information shown is comparative as the specific geographic location can decrease or increase prices greatly.
The car, truck, or SUV that is being insured is probably the biggest factor when shopping around for low-priced insurance for teenage males. Vehicles with high performance, a lack of safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models. The list below illustrates car insurance rates for the cheapest automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$5,647|
|Honda CR-V EX 2WD||$5,657|
|Ford Escape Limited 2WD||$5,706|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$6,274|
|Dodge Grand Caravan CV||$6,332|
|Ford Explorer XLT AWD||$6,340|
|Volkswagen Jetta 2.0T Station Wagon||$6,506|
|Ford Edge SE AWD||$6,645|
|Jeep Grand Cherokee Laredo 4WD||$6,703|
|Chevrolet Impala LT||$6,709|
|Toyota RAV4 Limited 4WD||$6,703|
|Toyota Camry LE||$6,710|
|Chevrolet Equinox LT 2WD||$6,703|
|Chevrolet Malibu LT||$6,765|
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Table data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in specific garaging location which can raise or lower coverage prices greatly.
Based upon the rates shown, you can conclude that cars like the Honda Accord, Honda CR-V, and Ford Escape are most likely to be the most affordable vehicles to insure for teen boys. The price of auto insurance will be more expensive because of the fact that there is more liability exposure for teenage males, but overall those models will most likely have the least expensive rates compared to other types of vehicles.
Establishing which insurers offer the most affordable insurance rates for teenage males will require a little more sweat in order to find the lowest price.
Each company has their own process for determining prices, so let’s look at the rankings for the most competitive insurance companies in Mesa, AZ. It’s a good idea to be aware that Mesa, AZ insurance rates are calculated based on many things that will increase or decrease the price of your policy. Getting older, having a claim, or getting a speeding ticket may prompt premium changes that can make some companies cheaper than before.
Best Car Insurance Prices for Teens
The Hartford generally has some of the lowest car insurance rates in Mesa at around $845 each year. Safeco, Auto-Owners, USAA, and Travelers also are some of the cheapest Mesa, AZ insurance companies.
In the above example, if you currently have coverage with Auto-Owners and switched to The Hartford, you might achieve savings of in the vicinity of $79. Drivers with USAA might save as much as $246 a year, and Travelers customers might cut rates by $263 a year.
These policy prices are averaged across all types of drivers and the different vehicles they drive and and are not figured with an exact location for teenage males. So the auto insurance company that has the lowest price for you may not even be in the list above. That points out the importance of why you need to get quotes using your own personal information and vehicle type.
The diagram below illustrates how choosing a deductible can affect annual premium costs when quoting cheap insurance for teenage males. The costs are based on a single male driver, full physical damage coverage, and no discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower their policy premium by $332 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $502 by changing to a $1,000 deductible. Younger drivers, like the 20-year-old example, have the ability to save $972 or even more just by choosing larger deductibles.
When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have enough in a savings account to be able to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Liability rates compared to full coverage
Finding the cheapest insurance is important to most drivers, and one way to find cheaper insurance for teenage males is to not pay for full coverage. The information below compares insurance costs when comparing full coverage to liability only. The premium estimates are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied.
If averaged out across all ages, physical damage insurance costs an extra $1,722 per year more than just buying liability insurance. Many of you may wonder if it’s a good idea to buy full coverage. There isn’t a steadfast formula to drop full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s settlement value is $9,500 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $8,500 after paying your deductible. If you are currently paying more than $850 annually to have full coverage, the it may be a good time to stop paying for full coverage.
How to find low-cost auto insurance for teenage males
It is possible to find better rates, and here are some of the better money-saving ideas that can help Mesa drivers locate more affordable coverage.
- Serious violations like DUI or reckless driving can increase rates dramatically
- At-fault accidents will increase rates
- Increase your deductibles
- Get cheaper liability coverage by choosing a safer vehicle
- Good credit can save money
- If your vehicles are older, consider dropping full coverage
- Shop around for cheaper rates regularly
The last suggestion is especially vital, as we emphasized in this piece. Coverage rates can change significantly in a year, so drivers shouldn’t be resistant to change insurance companies if a more affordable rate is found. Having a favorite company is fine, but is isn’t recommended if that inflexibility results in costing you several hundred dollars every year. If you have a few minutes, compare prices to find cheaper insurance for teenage males in Mesa.
If you like to have some professional guidance when trying to find lower insurance rates for teen boys, the insurance agencies below can probably help you determine which insurance coverage will be best for you. To find an auto insurance agency close to you, click the button link following the list or click here to get price quotes now.
Cook Insurance Inc.
7255 E Hampton Ave #107a – Mesa, AZ 85209 – (480) 986-1117
Marge Black-Graziano – State Farm Insurance Agent
1155 S Power Rd #106 – Mesa, AZ 85206 – (480) 832-5355
Vandy Ford – State Farm Insurance Agent
6938 E Parkway Norte #2 – Mesa, AZ 85212 – (480) 497-3933
ABI Insurance LLC
7165 E University Dr #170 – Mesa, AZ 85207 – (480) 921-3400