The words “low-priced” and “insurance” really shouldn’t be used together, specifically when comparison shopping for the cheapest car insurance for teenage males. Because it’s not cheap, let’s open your eyes to some things that have a considerable impact on insurance premiums, and find a few ways to reduce the price of the next policy you buy.
The make and model of vehicle requiring insurance is a large consideration when trying to find the lowest-priced auto insurance for teenage males. Vehicles with economical engines, advanced safety features, or a low likelihood of having liability claims will cost significantly less to insure than fast, unsafe models.
The next table features insurance rates for a handful of the cheaper automobiles to insure in Texas.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $4,914 |
| Honda CR-V LX 4WD | $4,922 |
| Honda Accord LX-P 4-Dr Sedan | $4,914 |
| Toyota Prius | $5,342 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $5,458 |
| Toyota Tacoma 4WD | $5,511 |
| Ford Explorer Eddie Bauer 2WD | $5,516 |
| Dodge Grand Caravan SE | $5,511 |
| Ford Focus S 4-Dr Sedan | $5,782 |
| Toyota RAV4 Limited 2WD | $5,834 |
| GMC Sierra SLE Crew Cab 2WD | $5,844 |
| Chevrolet Impala LT | $5,834 |
| Volkswagen Jetta S 4-Dr Sedan | $5,840 |
| Chevrolet Malibu LT | $5,886 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $5,891 |
| Dodge Ram Quad Cab ST 2WD | $5,983 |
| Hyundai Elantra Blue 4-Dr Sedan | $6,103 |
| Honda Civic LX-S 4-Dr Sedan | $6,111 |
| Toyota Camry SE | $6,155 |
| Ford Edge Sport AWD | $6,161 |
| Honda Odyssey EX-L W/Navigation | $6,155 |
| Nissan Altima Hybrid 4-Dr Sedan | $6,207 |
| Jeep Grand Cherokee Limited 4WD | $6,214 |
| Compare Rates Now Go | |
Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in specific location information which can revise auto insurance rates significantly.
Based upon the rates shown, we can tell that makes and models like the Ford Escape, Honda CR-V, and Honda Accord are the less-costly vehicles to insure for teen boys. The price for an auto insurance policy will be more costly just because there is a higher risk for teenage males, but overall those vehicles will tend to have the best rates that you are likely to find.
Deciphering which insurers offer the cheapest auto insurance rates for teenage males requires a bit more effort than just comparing rates from one or two companies.
Every auto insurer has a unique approach to set premium rates, so let’s take a look at the lowest cost auto insurance companies in Laredo, TX. It’s a good idea to be aware that Texas auto insurance rates are based on many factors that can increase the price you have to pay. Simply turning a year older, increasing liability limits, or getting a speeding ticket can cause premium changes resulting in some companies being cheaper than others.
Compare Cheap Insurance Quotes for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,199 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,407 |
| 6 | California Casualty | $1,438 |
| 7 | State Farm | $1,465 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,585 |
| 10 | Safe Auto | $1,597 |
| 11 | Allstate | $1,667 |
| 12 | Progressive | $1,698 |
| 13 | Amica | $1,705 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,093 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,568 |
| Quote Your Rates Go | ||
Travelers quotes some of the cheapest car insurance rates in Laredo at around $1,010 annually. This is $894 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the cheapest Laredo, TX insurance companies.
In the above example, if you are currently insured with Texas Farm Bureau and switched to Travelers, you could earn yearly savings of around $189. Texas drivers with Germania Mutual might save as much as $284 a year, and Esurance customers might realize rate reductions of up to $397 a year.
It’s important to note that these policy rates are averaged for all drivers and vehicles and and are not figured with an exact vehicle garaging location for teenage males. So the auto insurance company that can offer you the best price may not even be in the list above. That affirms the importance of why you need to get quotes using your own specific driver and vehicle information.
Difference between full coverage and liability only rates
Saving on auto insurance is the goal of most people, and a good way to pay lower rates for insurance for teenage males is to not buy comprehensive and collision coverage. The diagram below compares car insurance costs with and without full coverage. Data assumes no claims or driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.
If we average all the age groups together, physical damage coverage costs an additional $2,431 per year more than buying just liability insurance. At some point, almost every driver questions if physical damage coverage is worth the money. There is no exact rule to eliminate full coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
How accidents and violations affect rates
In a perfect world, the best way to enjoy the best auto insurance rates for teen boys is to pay attention while driving and avoid at-fault accidents and violations. The example below highlights how traffic violations and at-fault fender-benders can increase insurance prices for each different age group. The costs are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
The data in the chart shows the average cost of car insurance in Texas per year with no accidents or violations is $1,527. Factor in one speeding ticket and the average cost swells to $1,733, an increase of $206 each year. Next add one accident along with the one speeding ticket and the yearly cost of auto insurance for teenage males jumps again to an average of $2,299. That’s an increase of $772, or $64 per month, just for a couple of infractions!
The information below highlights how deductible selection can impact insurance prices when searching for cheap insurance for teenage males. The information is based on a single female driver, comprehensive and collision coverage, and no policy discounts are applied.
A 30-year-old driver could lower their car insurance rates by $412 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $624 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, can cut $920 every year just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it is essential to have enough spare savings to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.