The type of vehicle you are trying to insure is one of the largest factors in finding economical car insurance for 16 year olds. Vehicles with high performance engines, poor safety features, or an increased likelihood of liability claims will cost more to insure than safer models.
The list below shows auto insurance premiums for some of the cheaper automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$5,726|
|Ford Escape Limited 4WD||$6,134|
|Dodge Grand Caravan CV||$6,444|
|Honda Odyssey EX W/Rear Entertainment||$6,739|
|Ford Edge SEL AWD||$6,746|
|Honda Civic DX 4-Dr Sedan||$6,739|
|Toyota RAV4 Sport 2WD||$6,795|
|Chevrolet Impala LT||$6,803|
|GMC Sierra SLE Crew Cab 2WD||$6,795|
|Chevrolet Malibu Hybrid||$6,805|
|Jeep Grand Cherokee Laredo 4WD||$6,795|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$6,849|
|Ford Explorer Eddie Bauer 4WD||$6,859|
|Ford F-150 Lariat Crew Cab 4WD||$6,849|
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Premium data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific garaging location which can modify coverage rates greatly.
Based on these rates, makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Dodge Grand Caravan, and Honda Odyssey are most likely going to be the most affordable vehicles to insure for new drivers. The price for an auto insurance policy will be higher anyway because of the fact that there is a higher risk for 16 year olds, but overall those specific models will tend to have the least expensive rates available.
Comparing rates for cheap car insurance is hard enough, and determining which company has the cheapest car insurance rates for 16 year olds calls for additional perseverance. Every car insurance company uses different criteria for determining prices, so let’s begin by taking a look at the most budget-friendly car insurance companies in Chandler.
Find the Cheapest Car Insurance for Teens
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,285|
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The Hartford normally has some of the most affordable car insurance rates in Chandler at around $845 annually. Safeco, Auto-Owners, USAA, and Travelers also qualify as some of the best Chandler, AZ auto insurance companies.
As shown in the table above, if you currently have a policy with USAA and switched to The Hartford, you could earn annual savings of around $246. Customers with Travelers could save as much as $263 a year, and Progressive policyholders might reduce prices by as much as $273 a year.
To get a fast rate comparison, click here to start your free quote or visit any of the companies below.
It’s important to note that these rates are averages across all types of insureds and vehicles and and are not figured with a specific vehicle garaging location for 16 year olds. So the insurer that is most affordable for your situation may not even be in the top 28 companies shown above. That affirms the importance of why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
One of the many components that are used to help calculate insurance cost is where you live in Chandler. Areas with increased crime or more people tend to pay more, whereas areas with less crime or weather claims benefit from having to pay less for coverage.
The next table lists the highest-priced places in Arizona for 16 year olds to buy an auto insurance policy in. Chandler is listed at #16 with a yearly premium of $1,082 for car insurance, which is approximately $90 each month.
|2||San Tan Valley||$1,196|
|25||Lake Havasu City||$852|
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Premium costs are approximated as vehicle location can affect price quotes substantially.
Driving violations and accidents
A great way to score the cheapest car insurance premiums in Chandler for new drivers is to drive safely and not have accidents or get tickets. The diagram below demonstrates how traffic citations and accidents drive up auto insurance rates for different age groups of insureds. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of car insurance in Arizona per year with no violations or accidents is $2,182. Get two speeding tickets and the average cost swells to $2,938, an increase of $756 each year. Now include one accident along with the two speeding tickets and the yearly cost of car insurance for 16 year olds jumps again to an average of $3,713. That’s an increase of $1,531, or $128 per month, just for not driving carefully!
The information below demonstrates how deductible levels can increase or decrease yearly insurance costs when searching for cheap insurance for 16 year olds. The price estimates are based on a married female driver, comp and collision included, and no policy discounts are applied.
A 50-year-old driver could save $284 a year by increasing from a $100 deductible up to a $500 deductible, or save $430 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old example, could potentially save as much as $708 each year by using a higher deductible. If you do decide to increase your deductibles, it is essential to have additional savings on hand to allow you to pay the extra out-of-pocket expense associated with higher deductibles.
Choosing the top company can be rather challenging considering how many companies sell insurance in Arizona. The company rank data displayed below could help you pick which coverage providers to look at comparing prices from. These ratings only include companies with a national presence, so companies without a large exposure are not factored into this list.
Top 10 Large Auto Insurance Companies in Chandler Ranked by Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
The insurance agencies listed below can probably answer your questions and help you decide which coverages you need, since some drivers aren’t sure which coverage they need and prefer to have some professional guidance when comparing insurance rates for new drivers. It’s not always easy to find the cheapest auto insurance company, so professional agents can give you satisfaction knowing you have adequate protection in case of an accident or claim. To locate a Chandler car insurance agency by location nearest to you, click the button following the list.
- Boudreaux, Jerrold Arizona Insurance SVC
393 W Warner Rd # 117 – Chandler, AZ 85225 – (480) 890-7900
- Parrish Insurance
1256 W Chandler Blvd # G – Chandler, AZ 85224 – (480) 821-1005
- Paula Koroso – State Farm Insurance Agent
569 N Arizona Ave – Chandler, AZ 85225 – (480) 792-1400
- Farmers Insurance – Larry Little
2420 W Ray Rd #2 – Chandler, AZ 85224 – (480) 966-9449
How to find cheaper auto insurance for 16 year olds
It is possible to find better rates, and here are a few penny-pinching ideas that can help Chandler drivers locate more affordable car insurance.
- Save money by insuring your home and auto with the same company
- Try to not file small claims
- Good credit can help you save money
- Prevent rate increases by staying accident-free
- Increase deductibles to save money
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Shop around for cheaper prices
The last tip in the list is extraordinarily critical, as we discussed in this piece. Auto insurance prices can change significantly in a year, so don’t be tentative to switch companies if a lower-cost policy is available. We understand brand loyalty, but it’s not a great idea if that loyalty results in overpaying lots of hard earned cash every month. If you have a few minutes, shop around to find cheaper car insurance for 16 year olds in Chandler.