For teen boys, one of the more important things that are looked at to determine the price you pay for insurance is where you normally keep your vehicle in Chandler. More densely populated places tend to pay slightly more, whereas areas with less crime or weather claims have the benefit of cheaper auto insurance prices.
The information below lists the most expensive areas in Arizona for teenage males to purchase auto insurance in. Chandler is ranked at #14 costing $1,093 for the average policy, which is approximately $91 each month.
|Rank||City||Average Per Year|
|4||San Tan Valley||$1,150|
|25||Lake Havasu City||$852|
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Information shown are comparative as the specific geographic location can impact prices noticeably.
Figuring out which companies quote the cheapest car insurance rates for teenage males will involve a tad more effort in order to find coverage that fits your budget. Each insurance company has their own guidelines to establish rates, so let’s take a look at the most affordable car insurance companies in Chandler, AZ.
Find the Best Cheap Insurance for Teens
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,259|
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The Hartford offers some of the lowest car insurance rates in Chandler at around $845 a year. Auto-Owners, Safeco, USAA, and Progressive also rank well as some of the most economical Chandler, AZ insurance companies.
As shown in the rates above, if you currently buy coverage from Progressive and switched to Auto-Owners, you might see savings of upwards of $203. Policyholders with Travelers could save as much as $204 a year, and GEICO policyholders might realize rate reductions of up to $262 a year.
If you would like to find cheaper car insurance rates, click here to start your custom quote or feel free to get quotes from the companies below.
Understand that those policy prices are averages for all ages of drivers and types of vehicles and and are not figured with an exact zip code location for teenage males. So the car insurance company that is best for you may not even be in the list above. That points out the importance of why you need to compare rates from multiple companies using your own individual information.
The vehicle you are buying coverage for is one of the primary factors that determines whether or not you find the most affordable auto insurance for teenage males. Vehicles with high performance features, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The table below illustrates insurance premiums for a handful of the cheaper vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$5,911|
|Honda CR-V EX-L 4WD||$5,917|
|Hyundai Elantra SE Touring Station Wagon||$6,271|
|Ford Explorer XLT 4WD||$6,588|
|Volkswagen Jetta SE 2.5 Station Wagon||$6,683|
|Ford Edge SEL 2WD||$6,891|
|Chevrolet Impala LS||$6,900|
|Toyota Tacoma Double Cab 4WD||$6,948|
|Chevrolet Equinox LS 2WD||$6,955|
|Toyota RAV4 Limited 4WD||$6,948|
|Jeep Grand Cherokee Laredo 4WD||$6,954|
|Chevrolet Malibu LT||$7,002|
|Ford F-150 FX2 2WD||$7,007|
|Dodge Grand Caravan Crew||$7,002|
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Data variables include single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in Chandler, AZ location which can alter insurance rates considerably.
Based on these rates, makes and models like the Ford Escape, Honda CR-V, and Hyundai Elantra are going to be a few of the less-costly vehicles to insure for teen boys. Rates will tend to be more expensive just due to the fact that there is a higher risk for teenage males, but overall those vehicles will tend to have the least expensive rates that you are likely to find.
Ending up with the top car insurance company is difficult considering how many different companies there are to choose from in Arizona. The information below can help you select which companies to look at comparing rates from.
The rankings below are only comprised of major nationwide insurance companies, so smaller companies are not included in the list. To compare price quotes from these and other top-rated companies, click this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Liability rates compared to full coverage
Paying less for car insurance should be important to the majority of drivers, and one common way to find cheap insurance for teenage males is to only pay for liability coverage. The chart below illustrates the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The premium estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are factored in.
On average, comprehensive and collision coverage on your policy costs an extra $1,681 per year over and above liability coverage. A very common question is if you should buy full coverage at all. There isn’t a written rule to stop paying for comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of coverage is more than about 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after you pay the deductible. If premium cost is more than $500 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some scenarios where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Low rates today, overpriced tomorrow
Chandler, AZ car insurance rates are determined by lots of factors which can significantly increase or decrease the policy premium. Simply getting older, filing a claim, or getting into an accident can trigger price changes that can make some companies more affordable than others. And not only may your rating factors change, but car insurance companies file new rates multiple times each year in order to protect their financial rating. Higher than normal claim frequency or severity may cause high rates, while lower claim levels can cause cheaper Chandler car insurance rates.
For instance, the bar chart below demonstrates which company has the cheapest car insurance in Chandler, AZ for a 35-year-old female driver with a clear driving record, no claims, and solid credit. Based on her current rating profile, The Hartford might offer the cheapest car insurance rates in Chandler at $1,094 per year. This is $334 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers are also on the list of the cheapest Chandler, AZ auto insurance companies.
The example below compares rates after we give the driver in the first example an accident surcharge, bad credit, and a speeding citation. Due to the fact that every insurance company uses their own method to set their prices, analyzing rates may now show a slightly different list of affordable companies as shown below.
Ameriprise Group now has the cheapest insurance rate in Chandler, AZ with GEICO, CSAA, Allied, and Safeco now rounding out the top five. This demonstrates why drivers need to perform a complete rate comparison to get the most affordable insurance rates for teenage males.
Car insurance prices consist of many risk factors and can increase or decrease at any time, so the cheapest company the last time you compared rates may now be costing you a lot of money.
How to find the cheapest car insurance for teenage males
Here are some thrifty suggestions that can help Arizona drivers locate cheap coverage.
- Do not pay for full coverage if not needed
- Safer vehicles generally have cheaper insurance rates
- Save money by staying claim-free
- Bundle home or renters insurance to earn a discount on car insurance
- Ensure your driving record is clean
- Avoid accidents
- Compare rates and switch if you can find a better deal
That last piece of advice is extraordinarily vital, as was emphasized in the prior article. Prices charged by companies change a lot, so drivers shouldn’t be resistant to buy from a different company if a lower-cost policy is available.
Brand loyalty is great, but it’s not a great idea if that loyalty results in overpaying a fortune every year. If you have a few minutes, compare rates and find cheaper car insurance for teenage males in Chandler.
If you have coverage questions and would like to get some professional input when comparing insurance rates for teen boys, the agents listed below can help you make a decision which policy fits your needs best. To find a Chandler insurance agency nearest to you, click the button link following the list.
- Farmers Insurance – Michael Van Oostendorp
4025 W Chandler Blvd #4 – Chandler, AZ 85226 – (480) 899-0898
- Farmers Insurance – Alan Beyerle
1820 E Ray Rd a213 – Chandler, AZ 85225 – (480) 820-2797
- Farmers Insurance: Mike Canez
381 N Arizona Ave – Chandler, AZ 85225 – (480) 786-5302