Best Cheap Auto Insurance Quotes for Teenage Males in Florida

You’ve seen the commercials from insurers like GEICO and The General promising dirt cheap rates. So drivers should just choose one randomly, right?

It’s just not that simple, as there are a lot of unknowns like if you just need liability coverage, the number of years you have been licensed, and if you own your own home. The content below will cover some of these criteria and will hopefully give you a good start in finding the cheapest car insurance.

For Florida drivers, one of the criteria used to calculate the policy price is the neighborhood you call home. Areas that are more densely populated or have higher claim rates like Hialeah, Miami, and West Palm Beach tend to pay slightly more, whereas areas that tend to be more rural tend to receive cheaper rates.

The next table shows the most costly cities in Florida for teenage males to purchase auto insurance in.

Premium amounts are approximated as the specific Florida residence address can raise or lower rates significantly.

Finding reliable, low-cost car insurance is difficult, and figuring out which company has the most affordable insurance rates for teenage males calls for even more rate comparisons. Rates will be much greater than the average policy in Florida, with the higher price attributed to the potential for more claims that comes with selling insurance for teen boys, but affordable coverage may be attainable if you are thorough. Each insurer uses different criteria to set their prices, so to begin we’ll rank the insurance companies that tend to be cheaper in Florida.

We do need to point out that Florida insurance rates are impacted by many things that may substantially change the cost of coverage. This price variation is why consumers need to take the time to do a thorough rate comparison when trying to find the lowest auto insurance quotes for teenage males. Insurance prices are made up of many things and can increase or decrease at any time, so the most economical company the last time you shopped your coverage around may now be one of the higher cost companies.

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USAA generally has some of the lowest car insurance rates in Florida at around $948 a year. Amica, Electric, Progressive, and Travelers also are some of the lowest-priced Florida insurance companies.

As shown above, if you are insured with Electric and switched to USAA, you could realize a yearly savings of upwards of $764. Customers with Progressive might save as much as $845 a year, and Travelers insureds might see rate reductions of $978 a year.

Be aware that those rates are averaged across all drivers and vehicles in Florida and do not factor in a price surcharge for teenage males. So the car insurance company that has the cheapest price for you may not even be shown in the above list. That affirms the importance of why you need to get car insurance quotes using your own driver data and vehicle information.

The make and model of vehicle on the policy is probably the biggest factor when comparing quotes for the best cheap auto insurance for teenage males in Florida. Vehicles with average performance, a great safety record, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models.

The information below shows car insurance costs for the most cost-effective automobiles to insure in Florida.

Data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in specific zip code location which can modify coverage prices substantially.

Based on these rates, cars like the Honda Accord, Honda CR-V, Chevrolet Traverse, and Ford Escape should be the more affordable vehicles to insure for teen boys. The cost of a car insurance policy will tend to be more expensive anyway because there is more liability exposure for teenage males, but overall those makes and models will tend to have the cheapest car insurance rates compared to other vehicles.

Full coverage rates vs. liability-only

Finding the best cheap auto insurance for teenage males in Florida is probably important to the majority of vehicle owners, and one of the fastest ways to pay less for insurance is to not pay for full coverage. The chart below illustrates the comparison of car insurance rates with full phyical damage coverage and with liability coverage only. The premiums are based on no claims or driving citations, $500 deductibles, drivers are not married, and no other discounts are factored in.

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Averaged for all age groups, comprehensive and collision coverage on your policy costs $2,619 per year more than insuring for liability only. At some point, about every driver wonders if buying full coverage is a waste of money. There is no exact rule that is best for determining when to drop full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

There are some situations where dropping physical damage coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage.

The diagram below shows how different deductible levels can increase or decrease insurance costs when quoting cheap insurance for teenage males. Data assumes a single female driver, comprehensive and collision coverage, and no policy discounts are applied.

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As shown above, a 30-year-old driver could pocket $512 a year by changing from a $100 deductible to a $500 deductible, or save $770 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old example, could possibly save up to $1,148 annually by choosing a higher deductible. When using a larger deductible, it will be important to have spare funds to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

How to get the best cheap auto insurance for teenage males in Florida

It’s not impossible to find cheaper rates, and here are some of the recommended thrifty suggestions that can help drivers quote the cheapest car insurance.

• Safe vehicles cost less to insure
• Raise deductibles
• Pay cheaper rates with good credit scores
• Do not waste money insuring older vehicles for full coverage
• Staying accident-free helps keep rates low
• Speeding tickets and other violations increase rates
• Compare rates regularly to ensure the best deal

That last piece of advice is particularly crucial, as we noted in the prior article. Car insurance rates adjust often, so don’t hesitate to change to a new company if a lower price can be found. Sticking with a specific company is fine, but it’s not recommended if that loyalty results in overpaying hundreds every year. If you have a few minutes, shop around and find cheaper auto insurance for teenage males.