You have seen the captivating commercials from car insurance companies like The General, Progressive, and Allstate that claim big savings, so drivers just need to choose the one with the most memorable commercial, right?
It’s not that easy, however, as there are a lot of unknown factors such as where you live in Sacramento, the crash test ratings of your vehicle, your credit history, and if you need full coverage or just liability. We will try to teach you about these things and educate you enough to have a good beginning to your search for cheaper coverage.
The type of vehicle needing coverage is probably the largest consideration that determines whether or not you can buy affordable coverage for teenage males. Vehicles with lower performance, a great safety record, or a low likelihood of having liability claims will cost less to insure than fast, unsafe models. The table below outlines insurance premiums for a number of the most economical automobiles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$4,951|
|Hyundai Elantra GLS Touring Station Wagon||$4,958|
|Ford Escape Limited 4WD||$5,323|
|Volkswagen Jetta S 2.5 Station Wagon||$5,333|
|Ford Explorer XLT AWD||$5,550|
|Dodge Grand Caravan CV||$5,558|
|Ford F-150 XL Crew Cab 4WD||$5,602|
|Ford Focus S 4-Dr Sedan||$5,822|
|Ford Edge SEL 2WD||$5,831|
|Honda Civic DX 4-Dr Sedan||$5,822|
|Chevrolet Malibu LS||$5,872|
|Toyota Tacoma Double Cab 4WD||$5,880|
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Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific garaging location which can modify price quotes considerably.
Looking at the numbers, you can infer that vehicles like the Honda CR-V, Hyundai Elantra, and Ford Escape will be some of the cheaper vehicles to insure for teen boys. Rates will be higher anyway because of the fact that there is more claim exposure for teenage males, but overall those specific models will most likely have the least expensive rates available.
One of the many considerations that determine insurance cost is where your residence is. More populated areas tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.
The next table rates the most expensive cities in California for teenage males to purchase car insurance in. Sacramento ranks #5 with a yearly premium of $1,703 for car insurance, which is around $142 each month.
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Prices are comparative as vehicle location can lower or raise premium rates greatly.
Careless Sacramento drivers pay higher rates
A great way to score the cheapest auto insurance prices in California for teen boys is to drive safely and maintain a clean driving record. The information below demonstrates how speeding tickets and at-fault claims impact insurance prices for each age group. The costs are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
The data above shows the average cost of a car insurance policy in California per year with a clean driving record and no accidents is $1,849. Get two speeding tickets and the average cost surges to $2,435, an increase of $585 each year. Now include one accident along with the two speeding tickets and the yearly cost of auto insurance for teenage males increases to an average of $3,029. That’s an increase of $1,180, or $98 per month, just for not keeping your driving record clean!
Should you buy full coverage?
Reducing premiums for auto insurance is the goal of the majority of drivers, and one great way to pay less for insurance for teenage males is to not buy full coverage. The example below shows the difference between insurance rates with full physical damage coverage and with liability coverage only. The costs are based on no driving violations, no at-fault accidents, $100 deductibles, single marital status, and no additional discounts are factored in.
On average, physical damage coverage costs $2,525 per year more than just buying liability insurance. Many drivers will wonder if you should buy full coverage. There is no set rule that works best for making the decision to drop full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
For example, let’s assume your vehicle’s replacement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $9,000 after paying your policy deductible. If it’s costing you more than $900 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are a few cases where only buying liability is not a good idea. If you still owe a portion of the original loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage.
Get discounts on Sacramento car insurance
Insurance companies that provide coverage for teenage males may provide discounts that could lower prices by 40% or more if you are eligible to receive them. Popular auto insurance companies and a partial list of their discounts are shown below.
- State Farm may have discounts that include safe vehicle, multiple autos, multiple policy, defensive driving training, Steer Clear safe driver discount, good driver, and passive restraint.
- American Family includes discounts for early bird, defensive driver, multi-vehicle, TimeAway discount, good driver, and good student.
- GEICO policyholders can earn discounts including anti-theft, military active duty, federal employee, membership and employees, emergency military deployment, and driver training.
- 21st Century discounts include driver training, automatic seat belts, homeowners, good student, defensive driver, student driver, and anti-lock brakes.
- Progressive offers discounts for online quote discount, multi-policy, continuous coverage, online signing, multi-vehicle, and good student.
The information below illustrates the difference between car insurance costs with and without discounts applied. The rates are based on a female driver, a clean driving record, no claims, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with paperless filing, continuous coverage, passive restraint, good student, paid-in-full, and anti-theft discounts applied. When these discounts are applied to the policy premium, the average savings per year on auto insurance for teenage males is 28% or $765.
If you have coverage questions and would like to have the advice of a professional agent when trying to find the best insurance rates for teenage males, the agents shown below can probably provide answers to your questions and help you determine which coverage fits your budget. To find a Sacramento insurance agent close to you, click the button below the list.
- Yeh Ferguson – State Farm Insurance Agent
7273 14th Ave Ste 100 – Sacramento, CA 95820 – (916) 455-5000
- McClatchy Insurance Agency
2410 Fair Oaks Blvd #140 – Sacramento, CA 95825 – (916) 488-4702
- Skyles Insurance Agency
9840 Business Park Dr – Sacramento, CA 95827 – (888) 900-9989
How to find budget-friendly auto insurance for teenage males
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching solutions that can help you buy cheap coverage.
- Bundle home and auto and save
- Increase physical damage deductibles
- Do not get traffic violations
- Improve your credit rating
- Being accident-free can lower rates significantly
- Earn discounts for being claim-free
- Compare prices as often as possible
The last suggestion is very crucial, as was affirmed in this piece. Prices charged by companies in Sacramento adjust often, so don’t hesitate to switch carriers if you can find a cheaper rate. Loyalty to a specific company is fine, but it’s not a good idea if that loyalty ends up costing a small fortune. Take a few minutes and shop around and find cheaper auto insurance for teenage males.