Cheapest Car Insurance for Drivers Under 21 in Arizona

Because the topic is car insurance, the word “cheap” should not be used anywhere in the article to describe car insurance rates. It’s a simple fact that cheap auto insurance for drivers under 21 is not easy to find. We’ll try to make it up to you, because we will tell you how you can still find and buy car insurance that is more budget-friendly.

Finding good, low-priced car insurance is challenging, and deciding which companies have the cheapest car insurance rates for drivers under 21 will involve additional perseverance. Insurance premiums will more than likely be quite a bit more expensive than the average policy in Arizona due to the extra risk that comes with offering insurance for minors, but competitively-priced coverage may be attainable if you compare enough rates. Each insurer uses a different method to establish rates, so we’ll take a look at the car insurance companies with the overall cheapest rates in Arizona.

Best Auto Insurance Prices for Minors

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The Hartford quotes some of the cheapest car insurance rates in Arizona at around $820 each year. Safeco, Auto-Owners, Progressive, and Travelers would also make the list of some of the lowest-priced Arizona car insurance companies.

As shown in the rates above, if you currently buy coverage from Travelers and switched to Safeco, you might realize yearly savings of around $223. Customers with USAA may save as much as $228 a year, and GEICO insureds might lower prices by up to $235 a year.

It’s important to note that these prices are averaged for all insureds and vehicles and are not factoring in a price increase for drivers under 21. So the auto insurance company that is best suited for you may not even be featured in the above rate chart. That’s why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

The car, truck, or SUV that is being insured is one of the biggest factors when comparing the cheapest auto insurance for drivers under 21 in Arizona. Vehicles with economical engines, modern passenger safety features, or a positive history of liability claims will cost much less to insure than higher performance models. The list below presents car insurance costs for a handful of the cheapest vehicles to insure.

Table data represents single female 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. Information does not factor in vehicle location which can lower or raise premiums significantly.

Based on these rates, we can tell that makes and models like the Honda Accord, Ford Escape, Honda CR-V, Chevrolet Traverse, and Toyota Prius are some of the most economical vehicles to insure for minors. The price of auto insurance will be more costly because there is a higher risk for drivers under 21, but overall those specific models will have the least expensive rates available.

Full coverage rates vs. liability-only in Arizona

Finding the cheapest auto insurance for drivers under 21 in Arizona is important to the majority of vehicle owners, and one good way to pay less for insurance is to only buy liability coverage. The diagram below illustrates the comparison of insurance rates with full physical damage coverage compared to only buying liability only. The price estimates are based on no claims or violations, $100 deductibles, drivers are not married, and no discounts are factored in.

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On average, comp and collision coverage costs $1,722 per year over and above liability coverage. Many drivers may wonder if full coverage is worth the money. There isn’t a steadfast formula of when to drop comp and collision coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

There are some conditions where dropping physical damage coverage is not a good idea. If you haven’t satisfied your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage.