Deciding which insurers offer the lowest-priced auto insurance rates for teenagers may require a little more sweat in order to find the best price. Every insurance provider has a different process to set policy rates, so let’s examine the auto insurance companies that tend to have lower prices in Chandler.
We do need to point out that Chandler auto insurance rates are influenced by many factors that will increase or decrease the cost of coverage. Simply improving your credit, buying a home instead of renting, or getting a driving violation may generate price changes that can make some companies much cheaper than others.
Cheap Insurance Rates for Teens
The Hartford may have some of the cheapest car insurance rates in Chandler at around $820 a year. Auto-Owners, Safeco, USAA, and Progressive also rank well as some of the cheapest Chandler, AZ car insurance companies.
In the rate table above, if you are a policyholder with USAA and switched to Auto-Owners, you might see yearly savings of around $198. Insureds with Progressive might save as much as $203 a year, and Travelers insureds might lower prices by $204 a year.
Understand that those premium estimates are averages for all drivers and vehicles in Arizona and are not factoring in a specific vehicle garaging location for teenagers. So the auto insurance company that can offer the best rates for your situation may not even be in the top 28 companies in the list above. That illustrates why you need to get quotes using your own specific driver information and vehicle.
The vehicle that is being insured is probably the biggest factor when looking for affordable insurance for teenagers. Vehicles with lots of horsepower, poor safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more economical and safe models. The list below estimates auto insurance prices for a number of the cheaper vehicles to insure in Arizona.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$5,283|
|Ford Escape Limited 2WD||$5,291|
|Volkswagen Jetta S 2.5 Station Wagon||$5,624|
|Ford Edge SE 2WD||$5,809|
|Jeep Wrangler Sahara 4WD 2-Dr||$5,863|
|Ford F-150 XL Crew Cab 4WD||$5,917|
|Ford Focus SE 4-Dr Sedan||$6,150|
|Chevrolet Impala LT||$6,204|
|Chevrolet Equinox LS 2WD||$6,210|
|Dodge Grand Caravan Hero||$6,204|
|Chevrolet Malibu LS||$6,213|
|Toyota RAV4 Limited 4WD||$6,204|
|Chevrolet Silverado LS Extended Cab 4WD||$6,211|
|Ford Explorer Limited 2WD||$6,258|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$6,263|
|Hyundai Elantra GLS 4-Dr Sedan||$6,545|
|Find Cheaper Rates Go|
Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate information does not factor in your specific Chandler, AZ location which can change coverage rates substantially.
By looking at the data, models like the Honda CR-V, Ford Escape, and Volkswagen Jetta should be a few of the most affordable vehicles to insure for teen drivers. Car insurance rates will tend to be more expensive anyway just due to the fact that there is more risk for teenagers, but overall those specific models will probably have the best insurance prices possible.
Full coverage rates compared to liability only
Reducing the cost of auto insurance is probably important to most vehicle owners, and one easy way to pay lower rates for insurance for teenagers is to not buy full coverage. The diagram below visualizes the comparison of yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The information is based on no accidents, no driving violations, $100 deductibles, marital status is single, and no other discounts are factored in.
If averaged for all ages, full coverage on your policy costs $1,722 per year more than buying just liability insurance. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no definitive formula for eliminating physical damage insurance, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
There are some scenarios where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Selecting the right auto insurance provider can be rather challenging considering how many companies provide coverage in Arizona. The rank data in the next section could help you choose which auto insurance companies to look at when trying to find the cheapest insurance for teenagers. The ratings below only include companies that insure vehicles across America, so companies without a large exposure are not taken into consideration for these rankings.
Top 10 Large Car Insurance Companies in Chandler Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- Mercury Insurance
- AAA Insurance
- State Farm
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Chandler, AZ auto insurance rates are influenced by many factors that can increase the cost of a policy. Improving your credit score, having a teen driver, or getting a speeding ticket may prompt premium changes that may make certain companies cheaper than before. Not only may your risk profile change, but companies file new Arizona car insurance rates as needed to reflect underwriting profits or losses. Heavier than normal losses may result in additional price hikes, while long-term profits can result in lower-cost Chandler car insurance rates.
As an example, the graph below shows the cheapest car insurance in Chandler, AZ for a 35-year-old female driver with no prior accidents, a clean driving record, and a good credit rating. When quoting prices based on her personal risk profile, The Hartford quotes the cheapest car insurance rates in Chandler at $1,041 each year. This is $387 less than the average premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers round out the rest of the cheapest Chandler, AZ auto insurance companies.
Now we will pretend the driver from the above example a couple of claims, a lower credit rating, and a speeding ticket. Due to the fact that each insurance company uses their own method to set policy rates, analyzing rates may now result in a different list of affordable Chandler car insurance companies as shown below.
GEICO now has the lowest price in Chandler, AZ with Ameriprise Group, CSAA, Allied, and Farm Bureau Mutual now being in the top five. This example illustrates why consumers need to compare lots of rates to get the best insurance rates for teenagers.
Insurance rates consist of many risk factors and can change substantially, so the cheapest company the last time you shopped around may now be wasting a lot of money.
If you have questions and prefer to get some professional advice when trying to find lower insurance rates for teenagers, the professional agents shown below are a good start to answer your questions and help you decide which car insurance company is the best fit. To locate an agency by location nearest to you, click the link at the bottom.
Allstate Insurance: Joe Kennedy
2330 N Alma School Rd Ste 126 – Chandler, AZ 85224 – (480) 526-8277
Farmers Insurance – Michael Van Oostendorp
4025 W Chandler Blvd #4 – Chandler, AZ 85226 – (480) 899-0898
Farmers Insurance – Tom Sisouvanh
3170 S Gilbert Rd #5 – Chandler, AZ 85286 – (480) 409-1515
How to find more affordable insurance for teenagers
It’s not impossible to find cheaper rates, and here are some penny-pinching suggestions that can help Arizona drivers find cheaper car insurance.
- Bundle home or renters insurance to earn a discount on car insurance
- Avoid getting tickets or violations
- Avoid having at-fault accidents
- Try to remain claim-free
- The safer your car, the less it costs to insure
- Compare prices as often as possible
That final tip is very important, as we hit on in this article. Rates fluctuate considerably, so don’t be tentative to switch companies if a lower-cost policy is available.
Brand loyalty is not necessarily bad, but it’s not a great idea if that loyalty results in overpaying lots of hard earned cash every month. Take a couple minutes and shop around and find cheaper insurance for teenagers in Chandler.