For teen drivers, one of the more important components that are looked at to determine the annual cost of car insurance is where your residence is. Larger areas tend to pay more, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.
The next table rates the most expensive areas in Arizona for 18 year olds to buy an auto insurance policy in. Phoenix comes in at #1 having an annual price of $1,231 for the average insured, which is around $103 monthly.
|5||San Tan Valley||$1,161|
|25||Lake Havasu City||$844|
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Table data uses approximated as zip code location can change coverage prices noticeably.
The vehicle you are insuring is probably the biggest factor when shopping around for low-priced coverage for 18 year olds. Vehicles with limited speed and performance, an excellent safety record, or low incidents of liability claims will cost quite a bit less to insure than high performance models.
The next list estimates coverage premiums for some of the most economical vehicles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$5,615|
|Ford Escape XLT 4WD||$5,674|
|Jeep Wrangler Sahara 4WD 2-Dr||$6,284|
|Dodge Grand Caravan CV||$6,294|
|Toyota RAV4 Limited 2WD||$6,665|
|Volkswagen Jetta LE 4-Dr Sedan||$6,674|
|Ford F-150 Lariat Super Cab 4WD||$6,727|
|Chevrolet Malibu LT||$6,735|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$6,727|
|Ford Explorer Limited 4WD||$6,737|
|Honda Civic LX 4-Dr Sedan||$6,983|
|Ford Focus SEL 4-Dr Sedan||$6,991|
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Table data assumes single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in Phoenix, AZ location which can increase or decrease insurance rates noticeably.
Based on these rates, you can figure that cars like the Honda CR-V, Ford Escape, and Toyota Prius will definitely be some of the less-costly vehicles to insure for teen drivers. The price of auto insurance will be more expensive because of the fact that there is more inherent risk for 18 year olds, but overall those models will have the lowest insurance prices that you are likely to find.
Figuring out which company offers the best car insurance rates for 18 year olds involves a tad more effort than just getting one or two price quotes. Each auto insurance company uses their own method for setting rates, so let’s take a look at the car insurance companies with the most affordable rates in Phoenix.
It’s important to know that Phoenix car insurance rates are determined by lots of factors which can significantly increase or decrease the cost of having a policy. Simply getting older, increasing deductibles, or having an accident can trigger rate changes resulting in some rates now being more affordable than competitors.
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|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,297|
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The Hartford may offer some of the best car insurance rates in Phoenix at around $836 per year. This is $592 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers also are some of the lowest-priced Phoenix, AZ car insurance companies.
In this example, if you are insured with USAA and switched to The Hartford, you could see an annual savings of roughly $277. Arizona drivers with Travelers may save as much as $283 a year, and GEICO policyholders might reduce rates by $306 a year.
If you would like to find cheaper car insurance rates, click here to get a free quote or quote rates from the companies below.
These premium estimates are averaged for all ages of drivers and types of vehicles and are not factoring in an exact zip code location for 18 year olds. So the car insurance company that can offer you the best price may not even be in the list above. That point stresses why you need to compare prices as often as possible using your own specific driver information and vehicle.
Types of discounts on Phoenix insurance
Insurance providers that offer cheap quotes for 18 year olds may provide price discounts that could reduce prices by as much as 35% or more if you meet eligibility requirements. Large car insurance companies and some of their more popular discounts include:
- GEICO offers premium reductions for membership and employees, air bags, defensive driver, anti-theft, daytime running lights, and federal employee.
- Auto-Owners Insurance discounts include company car, paperless, teen driver, multiple vehicles, multi-policy, safe driver, and safe vehicle.
- American Family offers discounts including mySafetyValet, multi-vehicle, early bird, good driver, defensive driver, accident-free, and air bags.
- Esurance includes discounts for good student, anti-lock brakes, emergency road assistance, paid-in-full, and multi-car.
- Progressive may offer discounts for continuous coverage, multi-vehicle, online quote discount, good student, homeowner, online signing, and multi-policy.
- State Farm may include discounts for safe vehicle, passive restraint, multiple policy, accident-free, Drive Safe & Save, and multiple autos.
- AAA has discounts for education and occupation, anti-theft, multi-car, AAA membership discount, multi-policy, and good driver.
The example below shows the comparison of insurance costs with and without some available policy discounts. The rate quotes are based on a female driver, no claims or driving violations, Arizona state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, continuous coverage, vehicle safety, good student, anti-theft, and paperless filing discounts applied. With discounts applied, theaverage amount saved on car insurance for 18 year olds is 28% or $502.
Selecting the top insurer is hard considering how many different companies there are to choose from in Arizona. The ranking information in the next section may help you pick which auto insurance companies to look at when comparing insurance rates for 18 year olds.
These ratings only include companies that write coverage in many states, so companies that have a smaller presence are not factored into this list. If you would like to check rates from many more Arizona auto insurance companies, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The illustration below shows how different deductible levels can raise or lower insurance costs when getting quotes for cheap insurance for 18 year olds. Data assumes a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
The data above shows that a 40-year-old driver could save $284 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $430 by selecting a $1,000 deductible. Young drivers, like the 20-year-old, could drop their prices up to $708 or more just by choosing larger deductibles.
When using a larger deductible, it’s a good idea to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Phoenix car insurance rates
Phoenix, AZ car insurance rates are influenced by many factors that will increase or decrease the price you have to pay. Simply having another birthday, filing a claim, or getting into an accident can trigger price changes resulting in some companies being more affordable than others. Not only may your risk profile change, but auto insurance companies amend premium rates as needed as an adjustment for underwriting gains or losses. Heavy losses may result in higher prices, while a better loss history may produce cheaper Phoenix car insurance rates.
For example, the graph below shows rates for the cheapest car insurance in Phoenix, AZ for a 35-year-old male driver with no prior claims, no tickets, and a good credit history. If we estimate rates based on his personal risk profile, The Hartford may have the lowest car insurance rates in Phoenix at $1,207 per year. This is $221 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers are the remainder of the most affordable Phoenix, AZ auto insurance companies.
The next chart shows rates after we give the driver in the first example a chargeable claim, a lower credit score, and a speeding ticket. Because every insurance company uses their own calculation to set policy rates, comparing rates could now result in a slightly different list of the cheapest Phoenix car insurance companies as shown below.
GEICO now has the lowest car insurance rate in Phoenix with Ameriprise Group, CSAA, Allied, and Farm Bureau Mutual now being in the top five. This example proves why drivers need to shop around with many companies when trying to get the most affordable car insurance quotes for 18 year olds.
Prices can be determined by many factors and can change without notice, so the cheapest option six months ago may now not even be in the top five.
If you aren’t clear which coverage you need and would like to have a consultation when trying to find lower insurance rates for 18 year olds, the insurance agencies listed below can probably help you make a decision which policy is best. To locate a Phoenix insurance agent closest to you, click the link at the bottom.
- Gunther Perdomo Llana – State Farm Insurance Agent
2040 E Bell Rd #110 – Phoenix, AZ 85022 – (602) 971-8488
- LA Insurance Agency
7602 S Central Ave – Phoenix, AZ 85042 – (602) 276-0002
- Daniels Nicolson Insurance Agency, Inc
4411 N 19th Ave – Phoenix, AZ 85015 – (800) 972-1893
- MiniCo Insurance Agency, LLC
10851 N Black Canyon Hwy #200 – Phoenix, AZ 85029 – (800) 528-1056