The words “economical” and “insurance” really should not be used together, in particular when you are searching for the lowest insurance rates for high school students. To save some money, let’s start off by going over some things the can have a considerable influence on auto insurance premiums, and find a way to take a little off the next policy you buy.
The vehicle model you are buying coverage for is a significant factor when shopping around for the lowest-priced coverage for high school students. Vehicles with higher performance characteristics, poor passenger safety features, or high incidents of liability claims will cost significantly more to insure than safer models.
The table below estimates car insurance premiums for a handful of the most economical vehicles to insure in Arizona.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$4,057|
|Ford Escape Limited 4WD||$4,328|
|Volkswagen Jetta S 2.5 Station Wagon||$4,333|
|Ford F-150 XL Super Cab 4WD||$4,492|
|Honda Civic DX 4-Dr Sedan||$4,721|
|Ford Edge SEL 2WD||$4,726|
|Chevrolet Impala LS||$4,721|
|Chevrolet Malibu Hybrid||$4,763|
|Toyota RAV4 4WD||$4,771|
|GMC Sierra SLE Regular Cab 2WD||$4,763|
|Chevrolet Equinox LT AWD||$4,773|
|Dodge Grand Caravan SXT||$4,809|
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Table data represents 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. Premium amounts do not factor in vehicle location which can affect coverage rates substantially.
Looking at the rates, we can conclude that cars like the Honda CR-V, Ford Escape, Volkswagen Jetta, Toyota Prius, and Ford F-150 will definitely be the cheapest vehicles to insure for teenagers. The price of auto insurance will be more expensive because of the fact that there is more liability exposure for high school students, but overall those specific models will probably have the best rates that you are likely to find.
Buying cheap auto insurance is not most people’s favorite thing to do, and figuring out which company offers the best auto insurance rates for high school students calls for even more work.
Each auto insurance company has a proprietary formula for establishing rates, so first let’s look at the rankings for the most budget-friendly auto insurance companies in Arizona.
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|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,259|
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The Hartford has some of the best car insurance rates in Tucson at around $820 per year. Auto-Owners, Safeco, Travelers, and USAA would also be considered some of the cheaper Tucson, AZ car insurance companies.
In this example, if you are a policyholder with Auto-Owners and switched to The Hartford, you may realize annual savings of approximately $104. Insureds with Safeco could save as much as $112 a year, and Travelers insureds might lower prices by $266 a year.
To find out how your current rates compare, click here to start your free quote or click several companies below for low rates.
It’s important to note that these premiums are averages for all insureds and vehicles and do not factor in an exact zip code location for high school students. So the insurer that can offer you the best rate may not even be in the list above. That illustrates why you need to quote rates from many companies using your own individual information.
Types of discounts on Tucson car insurance rates
Auto insurance companies that offer cheap quotes for high school students could also offer discounts that may potentially lower prices by 40% or more if you meet certain criteria. A few of the larger companies and a selection of discounts can be found below.
- State Farm has savings for anti-theft, student away at school, Steer Clear safe driver discount, good student, multiple policy, driver’s education, and Drive Safe & Save.
- American Family may have discounts that include air bags, bundled insurance, early bird, TimeAway discount, mySafetyValet, accident-free, and Steer into Savings.
- GEICO policyholders can earn discounts including good student, five-year accident-free, anti-theft, daytime running lights, and federal employee.
- 21st Century offers premium reductions for student driver, defensive driver, anti-lock brakes, teen driver, good student, automatic seat belts, and driver training.
- Progressive offers discounts for multi-policy, homeowner, online quote discount, good student, and continuous coverage.
The diagram below shows the difference between auto insurance costs with and without discounts applied to the rates. The rates are based on a female driver, no claims, a clean driving record, Arizona state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, vehicle safety, good student, paperless filing, continuous coverage, and paid-in-full discounts applied. When discounts are applied, the average savings per year on auto insurance for high school students is 28% or $409.
Rate comparison of full coverage and liability-only
Paying less for auto insurance is probably important to the majority of drivers, and one common way to buy cheap insurance for high school students is to not buy comprehensive and collision coverage. The chart below compares yearly insurance costs with full coverage compared to only the Arizona minimum liability coverage. Data assumes no tickets, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are factored in.
If all age groups are averaged, physical damage coverage costs $1,681 per year more than just buying liability insurance. Many of you may wonder when is the right time to remove full coverage. There is no set guideline to exclude physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s claim settlement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,000 after paying your policy deductible. If premium cost is more than $600 a year for your policy with full coverage, then you might want to think about dropping full coverage.
There are some circumstances where dropping physical damage coverage is not a good plan. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should keep full coverage on your policy.
Responsible drivers pay cheaper Tucson auto insurance rates
The recommended way to receive the cheapest auto insurance premiums in Tucson for teenagers is to be a cautious driver and not get tickets or have accidents. The example below demonstrates how citations and at-fault accidents can influence insurance premiums for different age groups of insureds. The rates are based on a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of auto insurance in Arizona per year with no violations or accidents is $1,681. Get two speeding tickets and the average cost jumps to $2,214, an increase of $533 each year. Now add two accidents along with the two speeding tickets and the annual cost of auto insurance for high school students jumps again to an average of $4,453. That’s an increase of $2,771, or $231 per month, just for not driving responsibly!
The Tucson car insurance agencies listed below can probably help you determine which auto insurance coverages would be the best in your situation, since many people would rather have a professional recommendation when shopping for the best coverage for high school students. It can be hard to find the cheapest auto insurance company, so using a licensed agent can provide satisfaction knowing your coverage gives you adequate coverage when you need it most. To find an auto insurance agency close to where you live, click the button following the list.
- McElwain Insurance
1717 N Tucson Blvd – Tucson, AZ 85716 – (520) 327-3369
- Merrie Connon – State Farm Insurance Agent
10222 E Rita Rd #110 – Tucson, AZ 85747 – (520) 574-3223
- Rebecca Sanford – State Farm Insurance Agent
5605 E River Rd #211 – Tucson, AZ 85750 – (520) 615-0800
- Allstate Insurance: Shannon Burke
2860 W Ina Rd Ste 104 – Tucson, AZ 85741 – (520) 742-6683
6245 E Broadway BlvdSte 310 – Tucson, AZ 85711 – (520) 624-3456