The words “cheap” and “insurance” probably shouldn’t be used together, especially when searching for the lowest insurance rates for young drivers. Because it’s so expensive, let’s start the ball rolling by going over some of the factors that have a considerable impact on auto insurance rates, and find a few ways to take a little off your next policy.
Deciphering which companies have the best auto insurance rates for young drivers takes a bit more effort than just picking a company at random.
Each insurer used slightly different criteria for setting prices, so let’s examine the most competitive auto insurance companies in Arizona. It’s important to know that Mesa, AZ auto insurance rates are impacted by many factors which can substantially change the cost of your policy. Simply improving your credit, buying another vehicle, or getting a few speeding tickets can cause premium changes that can make some companies more affordable than competitors.
Find Cheaper Car Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $811 |
| 2 | Auto-Owners | $915 |
| 3 | Safeco | $923 |
| 4 | Progressive | $1,118 |
| 5 | Travelers | $1,119 |
| 6 | USAA | $1,124 |
| 7 | GEICO | $1,166 |
| 8 | Ameriprise Group | $1,208 |
| 9 | Allied | $1,209 |
| 10 | CSAA | $1,225 |
| 11 | Safe Auto | $1,284 |
| 12 | Farm Bureau Mutual | $1,285 |
| 13 | Farmers | $1,337 |
| 14 | Unitrin | $1,343 |
| 15 | State Farm | $1,377 |
| 16 | American Family | $1,420 |
| 17 | Amica | $1,429 |
| 18 | Titan | $1,461 |
| 19 | MetLife | $1,505 |
| 20 | California Casualty | $1,552 |
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The Hartford may have some of the best car insurance rates in Mesa at around $811 a year. Auto-Owners, Safeco, Progressive, and Travelers would also be considered some of the most economical Mesa, AZ auto insurance companies.
As depicted above, if you are a policyholder with Progressive and switched to The Hartford, you might realize savings of roughly $307. Arizona drivers with Travelers might save as much as $308 a year, and USAA insureds might cut rates by $313 a year.
To find out how much you can save, click here to begin a quote or visit any of the companies below.
It’s important to note that these rates are averaged across all types of insureds and vehicles and are not factoring in a specific vehicle garaging location for young drivers. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That points out the importance of why you need to quote rates from as many companies as possible using your own driver data and vehicle information.
One of the more important criteria that determine the price you pay for insurance is where your car is garaged. Cities with larger populations or higher claim trends tend to pay slightly more, whereas more rural areas have the luxury of lower rates.
The table below sorts the most expensive places in Arizona for young drivers to buy an auto insurance policy in. Mesa makes the list at #12 with an annual cost of $1,113 for car insurance, which is about $93 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Phoenix | $1,255 |
| 2 | Glendale | $1,178 |
| 3 | Avondale | $1,174 |
| 4 | San Tan Valley | $1,161 |
| 5 | Buckeye | $1,156 |
| 6 | Tempe | $1,152 |
| 7 | Gilbert | $1,142 |
| 8 | Goodyear | $1,131 |
| 9 | Scottsdale | $1,129 |
| 10 | Peoria | $1,126 |
| 11 | Chandler | $1,126 |
| 12 | Mesa | $1,113 |
| 13 | Tucson | $1,105 |
| 14 | Surprise | $1,090 |
| 15 | Casa Grande | $1,089 |
| 16 | Maricopa | $1,074 |
| 17 | Catalina Foothills | $1,072 |
| 18 | Oro Valley | $1,051 |
| 19 | Casas Adobes | $1,050 |
| 20 | Yuma | $983 |
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Prices are estimated as the specific garaging location can influence auto insurance rates considerably.
The illustration below illustrates how your deductible choice can raise or lower insurance prices when quoting cheap insurance for young drivers. The costs are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
As shown above, a 30-year-old driver could lower rates by $272 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $410 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 category, can cut as much as $602 or more just by choosing larger deductibles.
When using a larger deductible, it will be important to have enough savings set aside to offset the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
How much more does full coverage cost?
Saving money when shopping for auto insurance should be important to the majority of drivers, and one of the easiest ways to reduce the cost of insurance for young drivers is to buy liability only. The example below illustrates the comparison of insurance costs with and without full coverage. The costs are based on no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are applied to the premium.
If the expense is averaged for all age categories, physical damage coverage costs an extra $1,889 per year more than insuring for liability only. That brings up the question if it’s a good idea to buy full coverage. There isn’t a written rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s say your vehicle’s claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $4,000 after the policy deductible has been paid. If premiums are more than $400 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
Types of discounts on Mesa insurance
Auto insurance companies that offer cheap quotes for young drivers may also provide rate discounts that could reduce prices by as much as 25% or more if you can meet the requirements. Companies and some of the premium reductions they offer can be read below.
- GEICO may include discounts for driver training, five-year accident-free, anti-theft, defensive driver, multi-vehicle, and daytime running lights.
- USAA offers discounts including driver training, annual mileage, loyalty savings, military installation, safe driver, multi-vehicle, and new vehicle.
- Progressive includes discounts for multi-vehicle, multi-policy, online quote discount, good student, online signing, and homeowner.
- American Family offers premium reductions for multi-vehicle, Steer into Savings, accident-free, bundled insurance, and good driver.
- Esurance may have discounts that include DriveSense, good student, anti-lock brakes, defensive driver, homeowner, and safety device.
- Farmers Insurance may offer discounts for electronic funds transfer, mature driver, pay in full, multi-car, alternative fuel, and homeowner.
- State Farm has savings for student away at school, accident-free, safe vehicle, driver’s education, Steer Clear safe driver discount, and anti-theft.
The example below illustrates the difference between auto insurance costs with and without discounts. The information is based on a female driver, no violations or accidents, Arizona state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with continuous coverage, paid-in-full, vehicle safety, anti-theft, paperless filing, and passive restraint discounts applied. When these discounts are applied, theamount saved on auto insurance for young drivers is 28% or $471.
A good deal can quickly turn bad
Arizona auto insurance rates are impacted by many factors that may substantially change the policy price. Simply turning a year older, buying another vehicle, or getting a ticket for running a stop sign can cause premium changes resulting in some rates now being more affordable than others.
Not only may things change on your end, but insurers change their prices every year or even multiple times each year in order to be able to pay unexpected claims. Higher than usual claims may result in higher prices, while lower claim expenses may cause cheaper Mesa car insurance rates.
To illustrate this example, the data below shows a variety of companies that have the cheapest car insurance in Mesa, AZ for a 45-year-old female driver with no violations or accidents, and good financial standing. If we compare prices based on her current risk factors, The Hartford might quote the most affordable car insurance rates in Mesa at $1,082 per year. This is $346 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are the rest of the cheapest Mesa, AZ auto insurance companies.
In the next rate comparison, we’ll give the driver from the above example some claims, slightly worse credit, and a speeding ticket. Since each auto insurer uses their own calculation to set their prices, analyzing rate quotes could result in a substantially altered list of affordable Mesa car insurance companies as shown below.
GEICO now has the cheapest auto insurance in Mesa with Ameriprise Group, CSAA, Allied, and Safeco completing the list. This example shows why it is crucial to compare as many rates as possible to find the lowest insurance quotes for young drivers. Prices can be altered by many different factors and can change without notice, so the most economical option when you bought your policy may now be one of the more expensive options.
If you like to have the advice of a professional agent when trying to find the best insurance rates for youthful drivers, the agents below can probably answer your questions and help you decide which coverage fits your budget.
To locate a Mesa car insurance agency by location nearest to you, click the link at the bottom or click here to get price quotes now.
- Cie Taylor – State Farm Insurance Agent
2801 E McKellips Rd – Mesa, AZ 85213 – (480) 830-1513 - American Family Insurance – Tony Huberty Agency Inc.
1830 S Alma School Rd Ste 126 – Mesa, AZ 85210 – (480) 413-0231 - Kimball Porter – State Farm Insurance Agent
1847 S Greenfield Rd Ste 107 – Mesa, AZ 85206 – (480) 892-1779