Shopping around for low-cost insurance is not the easiest thing to do, and finding out which insurers offer the cheapest insurance rates for high school students will involve additional perseverance.
Every insurance company has a proprietary formula for determining rates in each state, so we’ll take a look at the overall cheapest insurance companies in Arizona. It’s important that readers know that Arizona insurance rates are calculated based on many things which can substantially decrease or increase the price you have to pay for coverage. This price fluctuation is why Arizona drivers need to shop around when trying to find the most affordable insurance rates for high school students. Insurance prices can be determined by many factors and change dramatically, so the most economical company when you bought your policy may now be an over-priced policy.
Find the Cheapest Car Insurance for Students
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,297|
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The Hartford offers some of the most affordable car insurance rates in Scottsdale at around $836 per year. Safeco, Auto-Owners, USAA, and Travelers would also make the list of some of the more affordable Scottsdale, AZ car insurance companies.
In the above rates, if you are a policyholder with Auto-Owners and switched to The Hartford, you might see a yearly price reduction of around $88. Drivers with USAA might save as much as $244 a year, and Travelers customers might reduce prices by as much as $272 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or click several companies below for low rates.
Be aware that those premiums are averages across all types of drivers and the different vehicles they drive and do not take into consideration an exact zip code location for high school students. So the car insurance company that is best for you may not even be in the list above. That illustrates why you need to get car insurance quotes using your own personal information and vehicle type.
The type of vehicle driven is a large consideration when quoting the best cheap insurance for high school students. Vehicles with limited speed and performance, good safety features, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The table below illustrates auto insurance prices for a handful of the cheaper automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$5,647|
|Honda Accord LX 4-Dr Sedan||$5,655|
|Ford Escape XLS 4WD||$5,647|
|Honda CR-V EX-L 2WD||$5,706|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$6,274|
|Ford Edge SE 2WD||$6,281|
|Dodge Grand Caravan SE||$6,333|
|Ford Focus SE 4-Dr Sedan||$6,645|
|Chevrolet Impala LT||$6,703|
|Chevrolet Malibu LS||$6,711|
|Toyota RAV4 Limited 2WD||$6,703|
|Ford Explorer Eddie Bauer AWD||$6,765|
|Ford F-150 Lariat Crew Cab 4WD||$6,775|
|Toyota Corolla LE||$7,071|
|Honda Odyssey EX-L||$7,076|
|Toyota Tacoma X-Runner 2WD||$7,071|
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Table data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in Scottsdale, AZ location which can raise or lower auto insurance rates noticeably.
Looking at the data, you can see that vehicles like the Hyundai Elantra, Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius will be the most budget-friendly vehicles to insure for teenagers. The price for car insurance will be higher anyway because of the fact that there is more claim risk for high school students, but overall those models will have the best insurance prices that you are likely to find.
For teenagers, one of the big factors that are looked at to help calculate auto insurance rates is where you choose to live. Areas with more people or even just a higher incidence of claims tend to have more expensive auto insurance rates, whereas areas that tend to be more rural have the luxury of lower rates.
The information below shows the priciest cities in Arizona for high school students in which to purchase auto insurance. Scottsdale is listed at #4 with a yearly cost of $1,163 for the average policyholder, which is approximately $97 each month.
|7||San Tan Valley||$1,150|
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Rate information is approximated as the specific zip code location can impact insurance rates considerably.
Reckless driving habits raise insurance rates
The common sense way to snag low insurance rates in Arizona for teenagers is to drive carefully and not have accidents or get tickets. The information below demonstrates how speeding tickets and accidents drive up insurance premiums for different categories of driver ages. The rates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
In the previous chart, the average cost of an auto insurance policy in Arizona per year with a clean driving record and no accidents is $1,472. Receive one speeding ticket and the average cost swells to $1,688, an increase of $215 each year. Then add one accident along with the one speeding ticket and the yearly cost of insurance for high school students jumps again to an average of $2,298. That’s an increase of $826, or $69 per month, just for not driving safely!
Full coverage rates vs. liability-only
Saving money on insurance is probably important to most vehicle owners, and a good way to reduce the cost of insurance for high school students is to not buy comprehensive and collision coverage. The example below illustrates the comparison of insurance premiums with full physical damage coverage and with liability coverage only. The costs are based on no claims or violations, $250 deductibles, drivers are single, and no additional discounts are factored in.
Averaged out for all age groups, physical damage coverage costs $1,579 per year more than buying just liability insurance. That is a big expense that brings up the question if buying full coverage is worth the expense. There is no set rule of when to eliminate full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
There are some circumstances where removing full coverage is not a good idea. If you haven’t paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Selecting a highly-rated insurer is hard considering how many different companies there are to choose from in Scottsdale. The ranking data below could help you analyze which providers to look at purchasing coverage from. The rankings below only include the largest companies in America, so smaller regional companies are not included in the list.
|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
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Arizona insurance rates are determined by lots of factors which can substantially change the price of your policy. Simply having a birthday, buying another vehicle, or getting a few speeding tickets may prompt premium changes that can now make some companies affordable when they were higher priced.
Not only may things change on your end, but companies change prices every year or even multiple times each year to adjust for unexpected claims or profits. Significantly higher losses may result in increased rates, while lower claim expenses can produce cheaper Scottsdale car insurance rates.
To help illustrate this point, the graph below shows which company has the cheapest car insurance in Scottsdale, AZ for a 35-year-old male driver with no accidents or violations, and a high credit rating. If we look at prices based on his current rating profile, The Hartford might offer the cheapest car insurance rates in Scottsdale at $1,093 per year. This is $335 less than the average policy premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, USAA, and Travelers are the remaining top five cheapest Scottsdale, AZ auto insurance companies.
In this next rate comparison, we will give the driver from the above example some claims, bad credit, and a speeding ticket. Since each auto insurance company uses their own calculation to determining premium rates, analyzing rates could result in a completely different list of affordable Scottsdale car insurance companies as shown below.
GEICO now has the best car insurance rate in Scottsdale with CSAA, Ameriprise Group, Allied, and Auto-Owners also having competitive pricing. This example demonstrates why Arizona drivers need to take the time to shop around to find cheap auto insurance quotes for high school students.
Prices consist of many different factors and can change substantially, so the lowest-price company the last time you compared rates may now be one of the higher cost companies.