Cheap Auto Insurance Quotes for Teenage Males in North Dakota

The words “low-cost” and “insurance” probably shouldn’t be used together, in particular when you are shopping around for the lowest insurance prices for teenage males. Because it’s not cheap, let’s start off by going over some situations that can significantly affect car insurance premiums, and see if you can take a little off your next policy.

The make and model of vehicle needing coverage is one of the biggest factors that determines if you can find cheap car insurance for teenage males. Vehicles with lower acceleration and performance, modern passenger safety features, or a track record of few liability claims will cost significantly less to insure than high performance models.

The information below presents car insurance premiums for a number of the most economical vehicles to insure.

Data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Dakota minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in garaging location in North Dakota which can lower or raise prices substantially.

Looking at the numbers, you can presume that cars like the Honda CR-V, Chevrolet Traverse, and Ford F-150 are some of the most economical vehicles to insure for teen boys. The price for an auto insurance policy will be higher anyway because there is more claim exposure for teenage males, but generally speaking those makes and models will have the cheapest car insurance rates possible.

Determining which companies offer the lowest-priced car insurance rates for teenage males will require a little more sweat in order to find the best policy. Each insurer has a proprietary formula for establishing rates, so we need to take a look at the car insurance companies with the overall cheapest rates in North Dakota.

We do need to point out that North Dakota car insurance rates are determined by lots of factors that can increase the cost of your policy. Turning one year older, becoming a homeowner, or getting a ticket for careless driving can trigger rate changes that can now make some companies cheaper than competitors.

Best Cheap Insurance Rates for Teens

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USAA quotes some of the lowest car insurance rates in North Dakota at around $704 a year. Allied, Nodak Mutual, Grinnell, and State Farm also are some of the cheaper North Dakota insurance companies.

In this example, if you are a policyholder with Allied and switched to USAA, you could earn an annual savings of approxmiately $208. Insureds with Nodak Mutual might save as much as $252 a year, and Grinnell insureds might reduce rates by $355 a year.

To compare your rates to other North Dakota insurance companies, click here to get a free quote or click through to the companies below.

Be aware that those policy prices are averaged for all drivers and vehicles and are not factoring in a price surcharge for teenage males. So the auto insurance company that can offer you the best price may not even be shown in the list of companies shown earlier. That affirms the importance of why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

Full coverage or liability only

Finding cheap auto insurance for teenage males in North Dakota should be important to most vehicle owners, and a great way to reduce the cost of insurance is to not buy full coverage. The chart below visualizes the comparison of insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in North Dakota. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.

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If all age groups are averaged, physical damage coverage on your policy costs an additional $2,327 per year over having just liability coverage. That brings up the question when is the right time to remove full coverage. There is no exact rule for dropping comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

There are some cases where dropping physical damage coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

Which major car insurance company is best?

If you want reliable auto insurance for teen boys in North Dakota, the top insurers to get price quotes from are State Farm, Geico, Progressive, and Allstate. When combined, they insure over 45% of all car insurance policies written. The next table breaks down some of the different features that are available for policyholders.