Wouldn’t it be so easy if we could tell you instantly the one best company that has the lowest car insurance rates for teenage males? It’s not quite that easy, unfortunately, as there are many unknowns like if you own or rent your home, your financial stability, and the level of liability coverage you want. This article will detail some of these criteria and should give you a good start in finding the cheapest car insurance.
The car, truck, or SUV you are seeking coverage for is probably the largest consideration when consumers are trying to find the lowest-priced coverage for teenage males. Vehicles with high performance features, poor safety ratings, or high incidents of liability claims will cost quite a bit more to insure than safer models.
The information below ranks insurance rates for some of the most cost-effective vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$5,042|
|Ford Escape Limited 4WD||$5,348|
|Ford F-150 XL Super Cab 2WD||$5,568|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$5,575|
|Toyota Tacoma 4WD||$5,616|
|Ford Explorer XLT 2WD||$5,622|
|Dodge Grand Caravan SE||$5,616|
|Ford Edge SEL 2WD||$5,874|
|Volkswagen Jetta S 4-Dr Sedan||$5,922|
|Toyota RAV4 4WD||$5,932|
|Chevrolet Impala LT||$5,922|
|Chevrolet Malibu LS||$5,928|
|Ford Focus SEL 4-Dr Sedan||$6,181|
|Toyota Camry XLE||$6,229|
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Data rating is based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in vehicle garaging location which can raise or lower auto insurance rates considerably.
Looking at the data, you can see that makes and models like the Honda CR-V, Ford Escape, and Toyota Prius are a few of the cheapest vehicles to insure for teen boys. Rates will tend to be more expensive just due to the fact that there is more inherent risk for teenage males, but in general those makes and models will probably have the cheapest rates compared to all other vehicles.
One of the many factors that aid in calculating the amount you pay for auto insurance is where you live in Virginia Beach. Areas with increased crime or more people tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims benefit from lower prices.
The next table shows the most expensive places in Virginia for teenage males to buy car insurance in. Virginia Beach makes the list at #15 with the yearly price of $948 for the average policyholder, which is about $79 each month.
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Rates are approximated as zip code location can increase or decrease prices substantially.
Determining which company offers the most affordable insurance rates for teenage males will require a bit more work in order to find a policy that fits your budget. Every insurance provider uses their own calculation to establish rates, so let’s look at the rankings for the overall cheapest insurance companies in Virginia Beach, VA.
It’s important to know that Virginia Beach insurance rates are determined by lots of factors which can significantly increase or decrease the price of coverage. Simply turning a year older, getting married, or getting a speeding ticket can trigger rate changes that can now make some companies cheaper than before.
Find Cheaper Car Insurance for Teens
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$834|
|15||National Grange Mutual||$1,093|
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Travelers has some of the cheapest car insurance rates in Virginia Beach at around $659 annually. USAA, Cincinnati Insurance, Penn National, and Auto-Owners would also make the list of some of the more affordable Virginia Beach, VA car insurance companies.
As shown above, if you have coverage with Penn National and switched to USAA, you might achieve an annual savings of approximately $24. Drivers with Auto-Owners might save as much as $42 a year, and Utica National insureds might realize rate reductions of up to $42 a year.
To see if your current coverage is too expensive, click here to start your free quote or quote rates from the companies below.
Be aware that those estimates are averages across all types of insureds and vehicles and do not factor in an exact zip code location for teenage males. So the car insurance company that has the cheapest price for you may not even be in the top 30 companies shown above. That emphasizes why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
Driving violations and accidents
In a perfect world, the best way to score good insurance rates for teen boys is to be a good driver and avoid accidents and traffic violations. The chart below demonstrates how speeding tickets and at-fault fender-benders can drive up insurance prices for each different age category. The data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of an auto insurance policy in Virginia Beach per year with no accidents or violations is $1,041. Get two speeding tickets and the average cost increases to $1,430, an increase of $389 each year. Then add two accidents along with the two speeding tickets and the 12-month cost of insurance for teenage males increases to an average of $2,947. That’s an increase of $1,905, or $159 per month, just for being a careless driver!
Comparison of full coverage and liability-only policies
Saving money on insurance is important to most drivers, and one of the quickest ways to pay less for insurance for teenage males is to not buy comprehensive and collision coverage. The chart below visualizes the comparison of premium costs when comparing full coverage to liability only. The rates are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
If the expense is averaged for all age categories, physical damage coverage on your policy costs $1,087 per year more than carrying just liability coverage. A very common question is if full coverage is worth the money. There isn’t a steadfast formula of when to eliminate physical damage coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s replacement value is $10,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $9,000 after the deductible is paid. If it’s costing in excess of $900 annually for physical damage coverage, then it may be the right time to buy liability only.
There are some circumstances where removing full coverage is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.
Picking a high-quality car insurance provider is hard considering how many companies provide coverage in Virginia Beach. The company rank data shown below can help you decide which companies you want to consider when comparing insurance rates for teenage males. The rankings below are only made up of the largest auto insurers in America, so companies that have a smaller presence are not taken into consideration for this list.
Top 10 Large Car Insurance Companies in Virginia Beach Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- AAA Insurance
- Titan Insurance
Top 10 Large Car Insurance Companies in Virginia Beach Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
How to find budget-friendly auto insurance for teenage males
Lowering your rates is not difficult, and here are a few money-saving ideas that can help Virginia drivers quote more affordable auto insurance.
- Increase your policy deductibles
- Don’t waste money on full coverage for older vehicles
- Buying home and auto together can help save money
- Buy vehicles with five-star safety ratings
- Having too many claims will increase rates substantially
- Drivers with good credit often pay less
- Compare rate quotes often
The last idea is remarkably valuable, as was stressed in this article. Coverage rates can be modified anytime, so don’t be hesitant to switch companies if a cheaper rate is available.
Sticking with a specific company is fine, but it’s not a great idea if that dedication is costing money that could be used for better things. It only take a few minutes to compare prices to find cheaper auto insurance for teenage males in Virginia Beach.
If you would rather get some guidance when comparing insurance rates for teenage males, the agents listed below can probably help you make a decision which is the best policy.
To locate a Virginia Beach insurance agent near you, click the link at the bottom or click here to compare prices now.
Nationwide Insurance: Guzman Insurance Agency Inc
1920 Centerville Turnpike Ste 97 – Virginia Beach, VA 23464 – (757) 479-0551
Jessica Hester – State Farm Insurance Agent
2247 W Great Neck Rd #102 – Virginia Beach, VA 23451 – (757) 481-1840
State Farm: Pierre Granger
5705 Lynnhaven Pkwy – Virginia Beach, VA 23464 – (757) 962-2266
Nationwide Insurance: Chesson Insurance Agency Inc
307 Lynnhaven Pkwy Ste 201 – Virginia Beach, VA 23452 – (757) 464-4443
Kimberly Hitchman – State Farm Insurance Agent
3101 Virginia Beach Blvd #112 – Virginia Beach, VA 23452 – (757) 463-5480