The words “economical” and “insurance” really shouldn’t be used in the same sentence, specifically when searching for the lowest insurance prices for 16 year olds. Because of the high cost, let’s introduce you to some of the things that impact car insurance prices, and find out if we can help you take a little off your next policy.
Figuring out which company quotes the best car insurance rates for 16 year olds calls for a little more effort in order to find the most economical policy. Each company uses their own formula to set their prices, so we’ll go over the car insurance companies with the most affordable rates in Scottsdale.
It’s important to know that Scottsdale, AZ car insurance rates are impacted by many factors that can increase the cost of a policy. Simply improving your credit, getting married, or getting a speeding ticket may generate price changes that may make certain companies more affordable than before.
Find the Cheapest Auto Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $820 |
| 2 | Safeco | $896 |
| 3 | Auto-Owners | $897 |
| 4 | Travelers | $1,075 |
| 5 | USAA | $1,080 |
| 6 | Progressive | $1,164 |
| 7 | GEICO | $1,166 |
| 8 | CSAA | $1,189 |
| 9 | Ameriprise Group | $1,220 |
| 10 | Allied | $1,233 |
| 11 | Farm Bureau Mutual | $1,259 |
| 12 | Safe Auto | $1,284 |
| 13 | Unitrin | $1,317 |
| 14 | State Farm | $1,337 |
| 15 | Farmers | $1,350 |
| 16 | Amica | $1,443 |
| 17 | Titan | $1,476 |
| 18 | American Family | $1,478 |
| 19 | California Casualty | $1,522 |
| 20 | MetLife | $1,551 |
| View More Rates Go | ||
The Hartford quotes some of the lowest car insurance rates in Scottsdale at around $820 annually. This is $608 less than the average price paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA also make the cut as some of the cheapest Scottsdale, AZ insurance companies.
As shown above, if you currently buy coverage from USAA and switched to Safeco, you could earn a yearly price reduction of around $184. Arizona drivers with Progressive may save as much as $268 a year, and GEICO insureds might cut rates by $270 a year.
Be aware that those policy prices are averaged across all drivers and vehicles and do not factor in an exact vehicle garaging location for 16 year olds. So the insurer that has the cheapest price for you may not even be in the list above. That’s why you need to compare rates from as many companies as possible using your own personal information and vehicle type.
The type of vehicle that is being insured is one of the largest factors when looking for the lowest-priced coverage for 16 year olds. Vehicles with lots of horsepower, a lack of safety features, or high incidents of liability claims will cost quite a bit more to insure than safer, lower-performance models. The information below estimates coverage premiums for a handful of the cheapest automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $5,752 |
| Honda CR-V LX 4WD | $5,760 |
| Jeep Wrangler Sport 4WD 2-Dr | $6,069 |
| Ford Escape Limited 4WD | $6,154 |
| Hyundai Elantra SE Touring Station Wagon | $6,162 |
| Toyota Prius | $6,205 |
| Volkswagen Jetta SE 2.5 Station Wagon | $6,555 |
| Ford Focus S 4-Dr Sedan | $6,768 |
| Chevrolet Impala LT | $6,820 |
| Toyota RAV4 Limited 4WD | $6,829 |
| Jeep Grand Cherokee Laredo 2WD | $6,820 |
| Dodge Grand Caravan Crew | $6,872 |
| Ford F-150 FX4 Super Cab 4WD | $6,881 |
| Ford Explorer Limited 2WD | $6,872 |
| Chevrolet Silverado LS Regular Cab 2WD | $7,000 |
| Compare Rates Now Go | |
Prices based on single female 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. Information does not factor in your specific Scottsdale, AZ location which can lower or raise price quotes substantially.
Looking at the rates, we can infer that makes and models like the Honda Accord, Honda CR-V, and Jeep Wrangler are going to be a few of the most economical vehicles to insure for new drivers. Prices will be more expensive because of the fact that there is more liability exposure for 16 year olds, but overall those makes and models will tend to have the cheapest car insurance rates that you’ll find.
Rate comparison of full coverage and liability-only
Reducing premiums for car insurance is the goal of the majority of drivers, and one of the easiest ways to buy cheaper insurance for 16 year olds is to buy only liability coverage. The chart below visualizes the comparison of car insurance costs with full physical damage coverage and with liability coverage only. The data assumes no accidents or driving violations, $100 deductibles, single status, and no additional discounts are factored in.
If averaged for all ages, physical damage coverage costs $1,722 per year more than insuring for liability only. Many of you may wonder if paying for full coverage is a waste of money. There isn’t a written rule that is best for determining when to drop comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.
There are some conditions where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not remove full coverage.
Impact of violations and accidents on rates in Scottsdale
One of the best ways to receive low car insurance rates for new drivers is to drive cautiously and avoid traffic citations and accidents. The example below shows how violations and at-fault fender-benders influence insurance prices for each age group. The premiums are based on a single female driver, full coverage, $500 deductibles, and no discounts are factored in.
In the previous chart, the average cost of an auto insurance policy in Scottsdale per year with a clean driving record and no accidents is $1,474. Add in two speeding tickets and the average cost increases to $1,975, an increase of $501 each year. Then include one accident along with the two speeding tickets and the 12-month cost of car insurance for 16 year olds goes up to an average of $2,477. That’s an increase of $1,004, or $84 per month, just for not driving carefully!
How to find budget-friendly car insurance for 16 year olds
The list below details some of the recommended thrifty suggestions that can help Scottsdale drivers buy lower-cost coverage.
- Frequent claims will increase rates
- Drive vehicles with five-star safety ratings
- Don’t waste money on full coverage for older vehicles
- Insure your home and auto with the same company
- Good credit scores may lower your rates
- Raise physical damage deductibles
- Compare price quotes at least once a year
The last suggestion is certainly crucial, as we emphasized in this piece. Prices charged by auto insurers fluctuate considerably, so drivers shouldn’t be resistant to buy from a new company if a more affordable rate is found. Loyalty to a specific company is fine, but it’s not recommended if that devotion results in you overpaying several hundred dollars every year. It only takes a couple minutes to compare rates and find cheaper car insurance for 16 year olds in Scottsdale.