You have most likely watched the ads from auto insurance companies like State Farm, The General, and Allstate that make claims of dirt cheap rates. So drivers just need to pick the company with the catchiest ad, right?
Unfortunately, it’s not that simple as there are a whole bunch of unknown factors like if you are currently insured, the number of miles you drive each year, and the vehicle you are insuring. The content below will cover the best ways to save money and will hopefully give you a good beginning to your search for cheaper coverage.
One of the more important factors that help determine auto insurance rates is where your car is garaged in Austin. Larger areas tend to have more expensive car insurance rates, whereas areas with less congestion have the enjoyment of a little cheaper coverage.
The next table sorts the most expensive cities in Texas for teenage males to purchase auto insurance in. Austin makes the list at #17 with the yearly price of $1,627 for the average insurance policy, which is approximately $136 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Dallas | $1,911 |
| 3 | Brownsville | $1,870 |
| 4 | Amarillo | $1,840 |
| 5 | Houston | $1,835 |
| 6 | Laredo | $1,833 |
| 7 | Mesquite | $1,825 |
| 8 | Pasadena | $1,812 |
| 9 | Irving | $1,789 |
| 10 | Garland | $1,778 |
| 11 | Grand Prairie | $1,757 |
| 12 | Beaumont | $1,702 |
| 13 | Arlington | $1,692 |
| 14 | San Antonio | $1,671 |
| 15 | Fort Worth | $1,670 |
| 16 | Lubbock | $1,665 |
| 17 | Austin | $1,627 |
| 18 | El Paso | $1,616 |
| 19 | Carrollton | $1,615 |
| 20 | Plano | $1,608 |
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Rates are estimated as specific Austin zip code can lower or raise prices significantly.
The car, truck, or SUV driven is one of the largest considerations when comparing quotes for the most affordable insurance for teenage males. Vehicles with reasonable performance levels, advanced safety features, or a low likelihood of liability claims will cost much less to insure than high performance models. The data below presents auto insurance prices for a handful of the most economical vehicles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $4,337 |
| Honda CR-V EX 4WD | $4,377 |
| Honda Accord EX-L 4-Dr Sedan | $4,643 |
| Toyota Prius | $4,685 |
| Ford Explorer XLT AWD | $4,874 |
| Dodge Grand Caravan CV | $4,884 |
| Ford Focus SE 4-Dr Sedan | $5,100 |
| Chevrolet Equinox LS 2WD | $5,140 |
| Toyota RAV4 Sport 2WD | $5,148 |
| Chevrolet Malibu Hybrid | $5,140 |
| Jeep Grand Cherokee Laredo 4WD | $5,149 |
| Hyundai Elantra Blue 4-Dr Sedan | $5,365 |
| Honda Civic LX-S 4-Dr Sedan | $5,375 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $5,403 |
| Ford Edge Limited AWD | $5,405 |
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Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in vehicle garaging location which can modify rates noticeably.
Based on these rates, we can infer that makes and models like the Ford Escape, Honda CR-V, Honda Accord, and Toyota Prius should be a few of the cheapest vehicles to insure for teen boys. Auto insurance rates will tend to be more expensive just because there is a higher risk for teenage males, but overall those makes and models will tend to have the lowest insurance rates that you are likely to find.
Determining which companies quote the lowest-priced car insurance rates for teenage males takes a bit more work than just picking a company at random. Each insurance company uses their own formula for determining rates in each state, so let’s rank the car insurance companies that tend to have lower prices in Austin.
It’s a good idea to know that Austin car insurance rates are calculated based on many things that control the cost of coverage. Simply turning a year older, buying higher coverage limits, or getting a few speeding tickets may cause policy rate changes that can make some companies cheaper than competitors.
Lowest Insurance Price Quotes for Teens
Travelers may offer some of the best car insurance rates in Austin at around $1,021 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the cheaper Austin, TX insurance companies.
In the above example, if you are currently insured with USAA and switched to Travelers, you might achieve a yearly savings of roughly $96. Texas drivers with Texas Farm Bureau might save as much as $214 a year, and Germania Mutual insureds might reduce prices by as much as $261 a year.
Bear in mind that those premium estimates are averaged across all drivers and vehicles in Texas and do not take into consideration an exact zip code location for teenage males. So the company that is best for you may not even be in the list above. That illustrates why you need to get rate quotes using your own personal information and vehicle type.
Full coverage rates compared to liability only
Reducing the cost of car insurance is probably important to most people, and a great way to find cheaper insurance for teenage males is to only buy liability coverage. The diagram below shows the comparison of annual premium costs with liability coverage only compared to full coverage. The prices are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no other discounts are factored in.
If averaged for all ages, full coverage costs an additional $2,131 per year more than just buying liability insurance. That touches on the question if it’s a good idea to buy full coverage. There is no set rule for dropping comp and collision coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
There are some cases where eliminating full coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage.
Discounts on Austin car insurance rates
Auto insurance companies that offer coverage for teenage males may additionally offer discounts that could lower prices by as much as 35% or more if you are eligible. A list of car insurance companies and some of the discounts can be read below.
- Farmers Insurance discounts include bundle discounts, mature driver, good student, switch companies, and electronic funds transfer.
- State Farm may include discounts for safe vehicle, student away at school, passive restraint, anti-theft, driver’s education, and Steer Clear safe driver discount.
- Liberty Mutual may offer discounts for teen driver discount, preferred payment discount, newly married, new graduate, good student, multi-car, and exclusive group savings.
- MetLife offers premium reductions for defensive driver, claim-free, good student, accident-free, and good driver.
- Progressive offers discounts including good student, homeowner, online signing, online quote discount, and multi-policy.
The illustration below illustrates the comparison of insurance prices with and without discounts applied to the policy premium. The data assumes a female driver, no violations or claims, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with paperless filing, passive restraint, anti-theft, continuous coverage, paid-in-full, and good student discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on car insurance for teenage males is 28% or $667.
Last year’s bargain might be this year’s rip off
Austin, TX car insurance rates are determined by lots of factors that will increase or decrease the cost of a policy. Turning one year older, marrying your spouse, or having an at-fault accident can cause premium changes that may make certain companies much cheaper than others.
Not only may your situation change, but insurers file new rates as often as every quarter to adjust for gains or losses. Higher than normal claim frequency or severity may result in increased policy costs, while a better claims history may cause cheaper Austin car insurance rates.
For instance, the bar chart below shows a variety of companies that have the cheapest car insurance in Austin, TX for a 45-year-old female driver with no prior claims, no tickets, and good financial standing. When comparing rates based on her current risk profile, Travelers quotes the best car insurance rates in Austin at $1,161 each year. This is $743 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the most affordable Austin, TX auto insurance companies.
The next chart shows rates after we give the driver in the first chart a chargeable claim, poor credit, and an imperfect driving record. Due to the fact that every insurance company has a different process for determining prices, comparing prices may now show a different list of affordable Austin car insurance companies as shown below.
Mercury now has the lowest car insurance rate in Austin with State Farm, Safe Auto, Nationwide, and USAA also being competitive. This example illustrates why Texas drivers need to perform a complete rate comparison when trying to find the lowest car insurance rates for teenage males.
Prices are made up of many things and can change substantially, so the best company the last time you shopped your coverage around may now be costing you a lot of money.
How to find the cheapest car insurance for teenage males
It is possible to find better rates, and here are some thrifty solutions that can help you quote low-cost coverage.
- Do not pay for full coverage on older vehicles
- Improve your credit score
- Higher deductibles mean lower rates
- Lower rates by purchasing a safer vehicle
- Insure your home and auto with the same company
- Avoid filing small claims
- Compare rates often to find the best deal
The last idea is extremely crucial, as was noted in this piece. Rates can change considerably based on profitability, so don’t hesitate to switch to a new company if a more affordable price is available. Being loyal to a particular company is commendable, but it’s not a good idea if that devotion results in you overpaying hundreds of dollars a year. In just a couple of minutes you could shop around to find cheaper auto insurance for teenage males in Austin.
If you aren’t clear which coverage you need and would like to have professional advice when comparing insurance rates for teenage males, the agents shown below can most likely answer your questions and help you decide which coverage fits your budget.
To locate an agency close to you, click the button link following the list.
- Starr Insurance Agency
8801 Research Blvd #104 – Austin, TX 78758 – (512) 586-2000 - Allstate Insurance: Cheri Roman
8103 Brodie Ln Ste 7 – Austin, TX 78745 – (512) 282-9999 - John Kirk – State Farm Insurance Agent
11130 Jollyville Rd Ste 201 – Austin, TX 78759 – (512) 343-7758 - Watkins Insurance Group
3834 Spicewood Springs Rd – Austin, TX 78759 – (512) 452-8877