Cheapest Car Insurance for Teenagers in Pennsylvania

It’s impossible to miss the ads from insurers like Progressive and Nationwide that claim the cheapest rates, so drivers should just choose any of them, right?

It’s just not that easy, however, as there are many unknown aspects like whether or not you are married, your credit rating, and the amount of physical damage deductibles. We will try to cover the best ways to avoid overpriced car insurance and will hopefully give you a jump start in finding the best auto insurance.

The make and model of vehicle you are trying to insure is probably the largest consideration in finding the lowest-priced auto insurance for teenagers. Vehicles with lower acceleration and performance, an excellent safety record, or a low likelihood of liability claims will cost significantly less to insure than higher performance models.

The data below ranks coverage premiums for the most budget-friendly automobiles to buy insurance for.

Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific garaging location which can influence prices significantly.

Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in garaging location in Pennsylvania which can affect coverage rates considerably.

Table data represents single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can change auto insurance rates substantially.

Finding budget auto insurance is not most people’s favorite thing to do, and determining which companies quote the most affordable auto insurance rates for teenagers requires more quotes for comparison. Coverage prices will be significantly greater than the average rate in Pennsylvania due to the additional risk related to selling coverage for teen drivers, but affordable coverage should be achievable if you look hard enough. Every insurance company uses a little different formula to establish rates, so we’ll take a look at the most budget-friendly auto insurance companies in Pennsylvania.

Best Cheap Insurance Rates for Teens

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General Casualty normally has some of the cheapest car insurance rates in Pennsylvania at around $726 annually. Travelers, USAA, Erie, and Penn National also qualify as some of the most economical Pennsylvania auto insurance companies.

As the example above demonstrates, if you are currently insured with Erie and switched to Travelers, you could realize a yearly price reduction of upwards of $37. Policyholders with Penn National may save as much as $45 a year, and Auto-Owners insureds might cut rates by $216 a year.

To find out how your current rates compare, click here to start your free quote or feel free to get quotes from the companies below.

These estimates are averages across all types of insureds and vehicles and do not factor in a price surcharge for teenagers. So the insurer that fits your age and vehicle best may not even be in the list above. That illustrates why you need to get rate quotes using your own personalized driver profile and vehicle information.

One of the many components that control a rate quote is where you call home. Cities with larger populations or higher claims like Philadelphia, Chester, and Norristown tend to pay slightly more, whereas areas with less congestion benefit from lower coverage costs.

The illustration below sorts the most expensive cities in Pennsylvania for teenagers to buy car insurance in.

Premium amounts are estimated as specific Pennsylvania zip code can impact premiums considerably.

Cost of full coverage

Finding the cheapest auto insurance for teenagers in Pennsylvania should be important to the majority of vehicle owners, and one great way to pay less for insurance is to not insure for full coverage. The information below shows the comparison of insurance costs when comparing full coverage to liability only. The data assumes no accidents, no driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

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If we average the cost for all age groups, physical damage coverage on your policy costs an additional $1,869 per year over having just liability coverage. That amount may make you wonder when is the right time to remove full coverage. There is no clear-cut rule that is best for determining when to drop physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after the deductible is paid. If you are paying more than $200 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are a few cases where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.

The chart below demonstrates how choosing different deductibles can raise or lower yearly insurance costs when trying to find cheap insurance for teenagers. The premiums assume a married female driver, comp and collision included, and no discounts are factored in.

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The chart above illustrates that a 40-year-old driver could pocket $304 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $456 by choosing a $1,000 deductible. Younger drivers, like the Age 20 chart data, could possibly save up to $750 annually just by choosing higher deductibles when buying full coverage.

When increasing deductibles, it is necessary to have enough savings to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

How to find cheaper insurance for teenagers

Lowering your rates is not difficult, and here are some of the better money-saving solutions that can help drivers locate cheaper coverage.

• Raise your physical damage coverage deductibles
• Save money by obeying traffic laws and keeping a clean driving record
• Assess whether full coverage is needed
• Avoid at-fault accidents and claims
• Claim-free drivers earn discounts
• Compare price quotes at least once a year

The last tip is particularly critical, as we pointed out in this piece. Coverage prices fluctuate constantly, so don’t hesitate to switch companies if you find a cheaper price. Brand loyalty is great, but it’s not a great idea if that loyalty ends up costing money that could be going to better use. If you have a few minutes, compare prices to find cheaper car insurance for teenagers.