The type of vehicle that needs insurance is one of the largest considerations when comparing quotes for affordable auto insurance for drivers under 21. Vehicles with lower performance, an excellent safety record, or a positive history of liability claims will cost much less to insure than high performance models. The data below ranks coverage premiums for a handful of the most budget-friendly vehicles to insure in Arizona.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$4,513|
|Honda Accord EX 4-Dr Sedan||$4,519|
|Honda CR-V EX-L 2WD||$4,564|
|Ford F-150 STX Regular Cab 2WD||$5,007|
|Jeep Wrangler Sahara 4WD 2-Dr||$5,057|
|Volkswagen Jetta 2.0T Station Wagon||$5,223|
|Honda Odyssey EX W/Rear Entertainment||$5,314|
|Chevrolet Equinox LT 2WD||$5,364|
|GMC Sierra SL Extended Cab 2WD||$5,372|
|Dodge Grand Caravan Hero||$5,364|
|Toyota RAV4 Sport 2WD||$5,373|
|Chevrolet Impala LT||$5,364|
|Ford Explorer Eddie Bauer 4WD||$5,412|
|Chevrolet Malibu LT||$5,418|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$5,412|
|Ford Focus SES 4-Dr Sedan||$5,618|
|Hyundai Elantra Blue 4-Dr Sedan||$5,623|
|Toyota Corolla XLE||$5,668|
|Ford Edge Sport 2WD||$5,675|
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Prices based on 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. Information does not factor in Scottsdale, AZ location which can change premium rates significantly.
Based on these rates, cars like the Ford Escape, Honda Accord, Honda CR-V, Toyota Prius, and Ford F-150 are most likely going to be a few of the most budget-friendly vehicles to insure for minors. The price for car insurance will be higher anyway because there is more inherent risk for drivers under 21, but in general those particular vehicles will tend to have the best rates compared to other vehicles.
Comparing quotes for reasonably-priced insurance is not most people’s favorite thing to do, and figuring out which company has the cheapest car insurance rates for drivers under 21 will take even more perseverance. Each company uses a different method for determining rates, so first we will examine the car insurance companies that tend to be cheaper in Scottsdale.
Best Insurance Companies for Minors
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,247|
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The Hartford quotes some of the cheapest car insurance rates in Scottsdale at around $845 each year. This is $583 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are also some of the cheaper Scottsdale, AZ auto insurance companies.
In this example, if you currently have coverage with USAA and switched to Auto-Owners, you might see an annual premium reduction of upwards of $194. Customers with Progressive might save as much as $233 a year, and GEICO policyholders might reduce rates by $280 a year.
To compare your rates to other Arizona insurance companies, click here to start your free quote or quote rates from the companies below.
Be aware that those premiums are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a specific location for drivers under 21. So the company that is best for you may not even be in the top 28 companies in the list above. That is why you need to get quotes using your own driver information and specific vehicle type.
For minors, one of the more important factors that are looked at to help calculate the amount you pay for auto insurance is where you live in Scottsdale. More populated areas tend to have higher auto insurance costs, whereas more rural areas have the enjoyment of a little cheaper coverage.
The information below rates the highest-priced places in Arizona for drivers under 21 to purchase car insurance in. Scottsdale is ranked at #6 with an annual premium of $1,151 for the average policyholder, which is about $96 per month.
|Rank||City||Average Per Year|
|4||San Tan Valley||$1,161|
|25||Lake Havasu City||$852|
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Table data uses approximated as specific location information can increase or decrease premium rates noticeably.
The diagram below shows how different deductible levels can influence insurance costs when trying to find cheap insurance for drivers under 21. The price estimates are based on a single female driver, full coverage, and no discounts are applied to the premium.
The data above shows that a 50-year-old driver could cut expenses by $330 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $500 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 chart data, can save as much as $844 every year by using higher deductibles when buying full coverage.
When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Liability rates compared to full coverage
Reducing the cost of car insurance is important to the majority of people, and one common way to save on the cost of insurance for drivers under 21 is to not buy full coverage. The example below compares insurance rates with full coverage compared to only the Arizona minimum liability coverage. The costs are based on no violations or claims, $500 deductibles, drivers are single, and no discounts are applied to the premium.
If averaged for all ages, comp and collision coverage costs an additional $1,417 per year more than just insuring for liability. That is a big expense that brings up the question if you should buy full coverage at all. There is no set rule to delete physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let’s assume your vehicle’s settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after the deductible is paid. If you are paying in excess of $200 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are some circumstances where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should maintain full coverage.
How to find the cheapest insurance for drivers under 21
The list below summarizes a few money-saving suggestions that can help Scottsdale drivers find more affordable coverage.
- Avoid getting citations and tickets
- Remain accident-free and save
- Save money by only buying liability coverage for older vehicles
- Increase deductibles to save money
- Vehicles with good safety ratings have lower liability rates
- Maintaining good credit helps earn cheaper rates
- Look for cheaper rates once a year by shopping around
That final tip is extremely significant, as we noted in the prior article. Insurance prices fluctuate constantly, so drivers shouldn’t hesitate to switch companies if you find a better deal. Having a favorite company is great, but it’s not a great idea if it’s costing you lots of money. Spend a few minutes and shop around and find cheaper insurance for drivers under 21 in Scottsdale.
If you would rather have some professional guidance when buying car insurance for drivers under 21, the insurance agencies below can provide answers to your questions and help you determine which coverage meets your needs best. To find a Scottsdale insurance agent closest to you, click the button at the bottom.
- Citywide Insurance
13802 N Scottsdale Rd #106 – Scottsdale, AZ 85254 – (480) 607-7537
- Jeremy Mueller Insurance Inc
8700 E Pinnacle Peak Rd # 110 – Scottsdale, AZ 85255 – (480) 515-5223
- Ric Newman – State Farm Insurance Agent
10401 E McDowell Mountain Ranch Rd #110 – Scottsdale, AZ 85255 – (480) 860-2121
- Scottsdale Insurance Home
20875 N Pima Rd – Scottsdale, AZ 85255 – (480) 712-0400