The words “low-priced” and “insurance” really should not be used together, specifically when you are trying to find the best car insurance rates for teenagers. Because of the high cost, let’s take a look at some situations that have a considerable impact on auto insurance rates, and see if you can take the bite out of your next policy.
Comparing quotes for low-cost car insurance is tough enough, and finding out which company has the best car insurance rates for teenagers will involve more quotes for comparison. Each insurer has a proprietary method to set premium rates, so let’s begin by examining the car insurance companies that tend to have lower prices in Phoenix, AZ.
It’s a good idea to be aware that Arizona car insurance rates are impacted by many things which can substantially change the cost of coverage. Price variation is why it is crucial to shop around to get the most affordable car insurance rates for teenagers. Prices are made up of many factors and change substantially, so the cheapest option when you last compared rates may now be an over-priced policy.
Find the Cheapest Auto Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $836 |
| 2 | Auto-Owners | $897 |
| 3 | Safeco | $932 |
| 4 | USAA | $1,080 |
| 5 | Travelers | $1,119 |
| 6 | Progressive | $1,130 |
| 7 | GEICO | $1,131 |
| 8 | Ameriprise Group | $1,184 |
| 9 | CSAA | $1,213 |
| 10 | Allied | $1,245 |
| 11 | Farm Bureau Mutual | $1,285 |
| 12 | Safe Auto | $1,297 |
| 13 | Unitrin | $1,317 |
| 14 | Farmers | $1,350 |
| 15 | State Farm | $1,364 |
| 16 | Amica | $1,443 |
| 17 | Titan | $1,461 |
| 18 | American Family | $1,463 |
| 19 | California Casualty | $1,552 |
| 20 | MetLife | $1,567 |
| Compare Rates Now Go | ||
The Hartford generally has some of the most affordable car insurance rates in Phoenix at around $836 annually. Auto-Owners, Safeco, USAA, and Travelers also qualify as some of the cheapest Phoenix, AZ auto insurance companies.
As illustrated above, if you are currently insured with Auto-Owners and switched to The Hartford, you might achieve a yearly savings of roughly $61. Customers with Safeco might save as much as $96 a year, and USAA customers might cut rates by $244 a year.
Bear in mind that those policy rates are averages across all types of drivers and the different vehicles they drive and do not take into consideration a specific zip code for teenagers. So the insurer that fits your situation best may not even be in the top 28 companies in the list above. That affirms the importance of why you need to get quotes using your own driver and vehicle profiles.
The vehicle model requiring coverage is one of the largest considerations when trying to find the best cheap coverage for teenagers. Vehicles with limited top-end speed, excellent safety ratings, or a positive history of liability claims will cost less to insure than fast, unsafe models. The next table ranks auto insurance rates for a number of the most cost-effective vehicles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $6,064 |
| Honda Accord EX 4-Dr Sedan | $6,069 |
| Ford Escape XLS 4WD | $6,064 |
| Honda CR-V EX-L 4WD | $6,122 |
| Toyota Prius | $6,564 |
| Ford Edge SE 2WD | $6,753 |
| Dodge Grand Caravan CV | $6,812 |
| Ford Explorer XLT 2WD | $6,818 |
| Ford Focus SE 4-Dr Sedan | $7,137 |
| Chevrolet Equinox LS 2WD | $7,196 |
| Toyota RAV4 Limited 4WD | $7,202 |
| Volkswagen Jetta LE 4-Dr Sedan | $7,196 |
| Chevrolet Impala LT | $7,204 |
| Compare Rates Now Go | |
Data rating is based on single female 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. Price estimates do not factor in specific location which can change coverage rates noticeably.
Looking at the numbers, we can infer that models like the Hyundai Elantra, Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius should be the cheaper vehicles to insure for teen drivers. Prices will be more expensive just due to the fact that there is more risk for teenagers, but generally speaking those particular vehicles will tend to have the cheapest rates that you are likely to find.
One of the more important criteria that are looked at to help calculate the price you pay for insurance is where you keep your car. Cities with more crime and/or more people tend to pay more, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap car insurance rates.
The following table shows the most expensive places in Arizona for teenagers to purchase auto insurance in. Phoenix is ranked #1 with the yearly price of $1,231 for the average insured, which is approximately $103 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Phoenix | $1,231 |
| 2 | Glendale | $1,226 |
| 3 | Avondale | $1,186 |
| 4 | Gilbert | $1,154 |
| 5 | Tempe | $1,152 |
| 6 | Scottsdale | $1,151 |
| 7 | San Tan Valley | $1,150 |
| 8 | Buckeye | $1,144 |
| 9 | Peoria | $1,137 |
| 10 | Goodyear | $1,120 |
| 11 | Mesa | $1,113 |
| 12 | Tucson | $1,105 |
| 13 | Surprise | $1,090 |
| 14 | Maricopa | $1,085 |
| 15 | Chandler | $1,082 |
| 16 | Casas Adobes | $1,082 |
| 17 | Catalina Foothills | $1,050 |
| 18 | Casa Grande | $1,047 |
| 19 | Oro Valley | $1,031 |
| 20 | Yuma | $992 |
| 21 | Flagstaff | $960 |
| 22 | Prescott | $914 |
| 23 | Sierra Vista | $890 |
| 24 | Lake Havasu City | $870 |
| 25 | Bullhead City | $869 |
| Compare Rates Now Go | ||
Information shown are estimated as specific Phoenix garaging address can raise or lower premium rates considerably.
Insurance rate increases from tickets or accidents
One of the best ways to maintain affordable car insurance prices for teen drivers is to pay attention while driving and maintain a clean driving record. The diagram below shows how violations and fender-benders can increase insurance costs for different ages of insureds. The data assumes a single male driver, full coverage, $1,000 deductibles, and no discounts are factored in.
In the prior example, the average cost of car insurance in Arizona per year with no violations or accidents is $1,681. Add in two speeding tickets and the average cost jumps to $2,214, an increase of $533 each year. Next add one accident along with the two speeding tickets and the annual cost of car insurance for teenagers goes up to an average of $2,765. That’s an increase of $1,084, or $90 per month, just for not driving carefully!
Selecting a highly-rated auto insurance company is hard considering how many choices drivers have in Phoenix. The ranking information below can help you decide which auto insurers to look at when comparing auto insurance rates for teenagers.
These ratings include companies who write in the majority of U.S. states, so companies that have a smaller presence are not taken into consideration for these rankings. To compare prices from these and other top-rated companies, simply click here.
Top 10 Large Auto Insurance Companies in Phoenix Ranked by Customer Service
- State Farm
- GEICO
- The Hartford
- Mercury Insurance
- Progressive
- The General
- Allstate
- AAA Insurance
- American Family
- Nationwide
Top 10 Large Auto Insurance Companies in Phoenix Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
- Liberty Mutual – 88%
You may be paying too much for car insurance
Phoenix, AZ car insurance rates are based on many factors that may substantially change the price you have to pay for coverage. Turning one year older, getting married, or getting a ticket for careless driving may generate price changes that can now make some companies cheaper than before. In addition, auto insurance companies modify rates as often as every three months in order to be able to pay unexpected claims. An unexpected high level of claims can cause a rate increase, while profitable underwriting may result in lower-priced Phoenix car insurance rates.
To illustrate this example, the chart below shows the companies that have the cheapest car insurance in Phoenix, AZ for a 40-year-old female driver with no prior claims, no tickets, and excellent credit. If we compare prices based on her current rating profile, The Hartford quotes the lowest car insurance rates in Phoenix at $1,180 a year. This is $248 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers are the remaining cheapest Phoenix, AZ auto insurance companies.
Now we will pretend the driver from above a claim, a lower credit rating, and a few traffic violations. Since every car insurance company uses their own method for establishing rates, analyzing rate quotes could result in a different ranking of the cheapest companies as shown below.
GEICO now has the cheapest insurance rate in Phoenix with CSAA, Allied, Ameriprise Group, and Farm Bureau Mutual also having competitive pricing. This shows why it is critical to perform a complete rate comparison when trying to find affordable car insurance quotes for teenagers. Insurance prices are calculated by many things and can increase or decrease at any time, so the cheapest rate the last time you checked may now be wasting a lot of money.
How to find more affordable car insurance for teenagers
It’s not impossible to find cheaper rates, and here are a few money-saving solutions that can help Arizona drivers quote cheap car insurance.
- The safer your car, the less it costs to insure
- On older vehicles, drop full coverage
- Drivers with good credit often pay less
- Prevent price hikes by avoiding at-fault accidents
- Buying home and auto insurance together can earn discounts
- Compare rates and switch if you can find a better deal
The last tip in the list is notably necessary, as we emphasized in this write-up. Prices charged by car insurance companies in Phoenix adjust frequently, so drivers shouldn’t hesitate to buy a different policy if a more affordable price is available. Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that inflexibility results in costing you several hundred dollars every year. Now is a great time to compare prices to find cheaper insurance for teenagers.