The words “bargain” and “insurance” really shouldn’t be used together, especially when you are searching for the cheapest car insurance for drivers under 25. Because of the high cost, let’s start off by going over a few of the factors the can have a considerable influence on car insurance rates, and see if we can help you shave a little off your next policy.
The vehicle driven is probably the most important factor that determines whether or not you find low-priced coverage for drivers under 25. Vehicles with economical engines, good safety features, or a low likelihood of liability claims will cost substantially less to insure than higher performance models.
The next table outlines insurance prices for the most economical automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $3,457 |
| Hyundai Elantra SE Touring Station Wagon | $3,711 |
| Ford Escape Limited 4WD | $3,719 |
| Honda Odyssey LX | $3,739 |
| Toyota Prius | $3,762 |
| Ford Explorer Eddie Bauer 2WD | $3,791 |
| Chevrolet Impala LS | $3,992 |
| Ford Edge Limited 2WD | $3,998 |
| Toyota RAV4 4WD | $4,044 |
| Chevrolet Malibu LS | $4,054 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $4,093 |
| Dodge Grand Caravan Crew | $4,096 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $4,106 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $4,096 |
| Ford F-150 XLT Crew Cab 4WD | $4,101 |
| Ford Focus SEL 4-Dr Sedan | $4,246 |
| Honda Civic VP 4-Dr Sedan | $4,255 |
| Nissan Rogue S AWD | $4,333 |
| Hyundai Sonata GLS 4-Dr Sedan | $4,343 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $4,349 |
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Above prices assume single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific location information which can raise or lower premium rates greatly.
Looking at the data, you can see that models like the Honda CR-V, Hyundai Elantra, Ford Escape, and Honda Odyssey will be a few of the most affordable vehicles to insure for drivers age 25 and younger. Rates will be more expensive just because there is more exposure for drivers under 25, but in general those models will have the least expensive rates that you are likely to find.
Finding out which insurers offer the cheapest auto insurance rates for drivers under 25 may require a bit more effort in order to find a policy that fits your budget. Every insurance company has their own unique process for establishing rates, so to begin we’ll rank the lowest cost auto insurance companies in Chandler.
It’s important to understand that Chandler auto insurance rates are determined by lots of factors that may substantially change the price you pay for coverage. Simply turning a year older, buying a home instead of renting, or having a fender bender can produce rate changes that can cause some rates to be more affordable than before.
Best Auto Insurance Prices for Young Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $820 |
| 2 | Safeco | $896 |
| 3 | Auto-Owners | $897 |
| 4 | Travelers | $1,086 |
| 5 | Progressive | $1,118 |
| 6 | USAA | $1,124 |
| 7 | GEICO | $1,166 |
| 8 | CSAA | $1,213 |
| 9 | Ameriprise Group | $1,220 |
| 10 | Allied | $1,245 |
| 11 | Farm Bureau Mutual | $1,247 |
| 12 | Safe Auto | $1,297 |
| 13 | Unitrin | $1,303 |
| 14 | State Farm | $1,377 |
| 15 | Farmers | $1,391 |
| 16 | Titan | $1,461 |
| 17 | American Family | $1,478 |
| 18 | Amica | $1,487 |
| 19 | MetLife | $1,505 |
| 20 | California Casualty | $1,552 |
| View More Rates Go | ||
The Hartford has some of the best car insurance rates in Chandler at around $820 each year. Safeco, Auto-Owners, Travelers, and Progressive also make the cut as some of the best Chandler, AZ insurance companies.
As shown above, if you are currently insured with Auto-Owners and switched to The Hartford, you could realize savings of roughly $77. Policyholders with Travelers may save as much as $266 a year, and Progressive policyholders might reduce prices by as much as $298 a year.
To get a fast rate comparison, click here to get quotes or visit several of the following companies.
Be aware that those policy rates are averaged for all insureds and vehicles and are not factoring in an exact vehicle garaging location for drivers under 25. So the car insurance company that has the cheapest rates for you may not even be in the list above. That is why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
Should you buy full coverage?
Finding cheaper auto insurance is probably important to most people, and one great way to pay less for insurance for drivers under 25 is to only pay for liability coverage. The information below illustrates the comparison of insurance rates with full physical damage coverage compared to only buying liability only. The information is based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.
If the expense is averaged for all age categories, physical damage coverage costs $1,722 per year more than carrying just liability coverage. That raises the question if you should buy full coverage. There is no definitive formula to stop paying for comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your vehicle’s book value is $5,500 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,500 after paying the physical damage deductible. If you are paying over $450 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
How careless driving impacts auto insurance rates
A great way to snag the best auto insurance prices in Arizona for drivers age 25 and younger is to be a safe driver and avoid getting tickets or having accidents. The example below illustrates how violations and accidents influence annual premium costs for each age group. The costs are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
In the example above, the average cost of a car insurance policy in Arizona per year with no accidents and a clean driving record is $1,618. Add in two speeding tickets and the average cost increases to $2,303, an increase of $685 each year. Now throw in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for drivers under 25 increases to an average of $4,852. That’s an increase of $3,234, or $269 per month, just for not paying attention while driving!
Are you paying too much for car insurance in Chandler?
Arizona auto insurance rates are based on many factors that may substantially change the price of your policy. Getting older, becoming a homeowner, or getting a speeding ticket can trigger changes in premium that may make certain companies cheaper than others. Not only may things change on your end, but companies change prices as often as every three months to adjust for unexpected claims or profits. Higher than normal claim frequency or severity can cause rate increases, while less frequent claims may result in cheaper Chandler car insurance rates.
The data below shows which company has the cheapest car insurance in Chandler, AZ for a 45-year-old male driver with a clear driving record, no claims, and a good credit rating. If we compare prices based on his current risk factors, The Hartford quotes the cheapest car insurance rates in Chandler at $1,059 per year. This is $369 less than the average policy premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and Progressive also make the list of the cheapest Chandler, AZ auto insurance companies.
The chart below compares rates after we give the driver in the first chart an accident claim, slightly worse credit, and an imperfect driving record. Since each company has a unique formula to set premium rates, comparing rates may now present a completely different list of cheap Chandler auto insurance companies as shown below.
GEICO now has the lowest price on auto insurance in Chandler with Ameriprise Group, CSAA, Safeco, and Allied completing the list. This example proves why it is crucial to compare rates when trying to find affordable auto insurance rates for drivers under 25.
Insurance prices can be altered by many factors and change frequently, so the most affordable company six months ago may now be one of the higher cost companies.