The words “cheap” and “auto insurance” probably shouldn’t be used together, specifically when trying to find the cheapest auto insurance for teenage males. Because of the high cost, let’s take a look at some of the things that have an impact on auto insurance prices, and come up with some ways to take a little off the next policy you buy.
One of the more important factors that aid in calculating the amount you pay for auto insurance is where you keep your car in Lubbock. Cities with more crime and/or more people tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims receive better rates.
The table below shows the most costly cities in Texas for teenage males in which to buy car insurance. Lubbock is ranked at #16 with a yearly premium of $1,665 for the average insured, which is about $139 per month.
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Annual rates are approximated as the specific Lubbock residence address can revise premium rates significantly.
The make and model of vehicle you are seeking coverage for is probably the most important factor when looking for the lowest-priced car insurance for teenage males. Vehicles with lower acceleration and performance, excellent safety ratings, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models. The next list features auto insurance prices for some of the cheaper automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$4,659|
|Hyundai Elantra GLS Touring Station Wagon||$4,664|
|Honda CR-V EX-L 2WD||$4,703|
|Honda Accord EX-L 4-Dr Sedan||$4,990|
|Dodge Grand Caravan SE||$5,244|
|Ford Focus SE 4-Dr Sedan||$5,487|
|Toyota RAV4 Limited 4WD||$5,531|
|Chevrolet Malibu Hybrid||$5,540|
|Chevrolet Equinox LS AWD||$5,531|
|Chevrolet Impala LT||$5,537|
|Volkswagen Jetta S 4-Dr Sedan||$5,531|
|Chevrolet Silverado LS Extended Cab 4WD||$5,537|
|Toyota Tacoma Double Cab 4WD||$5,577|
|Ford Explorer Eddie Bauer AWD||$5,585|
|Ford F-350 XL Super Cab 2WD||$5,621|
|Honda Civic LX-S 4-Dr Sedan||$5,771|
|Honda Odyssey EX-L W/Rear Entertainment||$5,815|
|Toyota Camry XLE||$5,823|
|Ford Edge Sport AWD||$5,815|
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Data variables include single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific garaging location which can influence prices greatly.
By looking at the data, cars like the Ford Escape, Hyundai Elantra, Honda CR-V, Honda Accord, and Toyota Prius will be the most affordable vehicles to insure for teen boys. Prices will be more costly because there is more claim exposure for teenage males, but generally speaking those specific models will have the best rates that you are likely to find.
The diagram below shows how different deductible levels can increase or decrease insurance costs when getting quotes for cheap insurance for teenage males. The premiums are based on a single male driver, full coverage, and no additional discounts are factored in.
As shown above, a 40-year-old driver could cut expenses by $374 a year by increasing from a $100 deductible up to a $500 deductible, or save $564 by using a $1,000 deductible. Younger drivers, like the 20-year-old category, could reduce their rates up to $1,236 annually by choosing a larger deductible amount.
If you do make the decision to raise your deductibles, it is necessary to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense associated with higher deductibles.
Tickets and at-fault accidents raise rates
In a perfect world, the best way to maintain affordable car insurance rates in Texas for teen boys is to drive cautiously and avoid traffic citations and accidents. The illustration below demonstrates how speeding tickets and at-fault claims can drive up insurance costs for different categories of driver ages. The premiums assume a single male driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,730. Factor in two speeding tickets and the average cost jumps to $2,283, an increase of $553 each year. Now get two accidents along with the two speeding tickets and the yearly cost of car insurance for teenage males goes up to an average of $4,494. That’s an increase of $2,764, or $230 per month, just for not maintaining a clean driving record!
Selecting a good quality car insurance company can be rather challenging considering how many companies there are in Lubbock. The information shown next could help you pick which auto insurance companies you want to consider putting your business with.
These rankings include large insurance companies, so companies that have a smaller presence will not be included in this list. To check prices and find the cheapest rates for teenage males, 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
How to find the cheapest car insurance for teenage males
The list below shows a few money-saving solutions that can help Lubbock drivers buy lower-cost auto insurance.
- Avoid accidents
- Increase your comprehensive and collision deductibles
- Tickets and violations raise rates
- The safer your car, the less it costs to insure
- Full coverage is expensive so only insure older vehicles for liability only
- Improve your credit score
- Compare rates often to find the best deal
The final tip is highly valuable, as was discussed in this piece. Auto insurance prices change a lot, so don’t hesitate to buy a policy from a new company if you can find a cheaper rate. Brand loyalty is not necessarily bad, but it’s not a good idea if it’s costing you a fortune every year. Spend a few minutes and compare rates to find cheaper auto insurance for teenage males in Lubbock.
The agents shown below are a good start to help you decide which coverages are best, since many consumers aren’t sure which coverage to buy and prefer to get some guidance when comparing insurance rates for teen boys. It can be challenging to find the best policy yourself, so getting advice from a licensed Texas insurance agent can bring satisfaction knowing your policy gives you enough coverage when you need it.
To find a Lubbock insurance agent near you, click the button after the list or click here to get price quotes now.
David Tate Insurance Agency LLP
5233 79th St – Lubbock, TX 79424 – (806) 794-1177
7335 82nd St # 4 – Lubbock, TX 79424 – (800) 701-5909
Allstate Insurance Agent: Bill Eggar
10101 Quaker Ave – Lubbock, TX 79424 – (806) 792-5200