The words “cheap” and “insurance” really shouldn’t be used together, specifically when you are looking for the best car insurance rates for teenage males. To help control this cost, let’s go over some of the things that have an impact on auto insurance prices, and find out if we can help you lower the cost of the next policy you buy.
Shopping around for affordable auto insurance is easier said than done, and determining which company offers the cheapest car insurance rates for teenage males will require additional perseverance.
Each company uses a little different formula to set premium rates, so we’ll go over the overall cheapest car insurance companies in Massachusetts. It’s a good idea to know that Boston, MA car insurance rates are impacted by many factors that can increase the cost of your policy. This price variation is why it is critical to spend some time comparing rates to get the cheapest insurance quotes for teenage males. Rates are calculated by many things and can change without notice, so the cheapest rate three years ago may now cost much more than other companies.
Best Car Insurance Prices for Teens
State Farm normally has some of the best car insurance rates in Boston at around $741 each year. This is $494 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also rank well as some of the lowest-priced Boston, MA auto insurance companies.
As shown above, if you are currently insured with GEICO and switched to State Farm, you could see annual savings of roughly $127. Insureds with Commerce Group may save as much as $161 a year, and OneBeacon customers might reduce prices by as much as $162 a year.
To compare your rates to other Massachusetts insurance companies, click here to get a free quote or quote rates from the companies below.
Be aware that those policy rates are averaged for all types of insureds and vehicles and are not factoring in a specific zip code for teenage males. So the company that has the cheapest rates for you may not even be in the top 21 companies shown above. That emphasizes why you need to compare as many prices as possible using your own driver and vehicle profiles.
The vehicle you are seeking coverage for is probably the most important factor when quoting low-priced car insurance for teenage males. Vehicles with economical engines, excellent safety ratings, or a track record of few liability claims will cost substantially less to insure than high performance models.
The list below ranks car insurance premiums for a number of the most budget-friendly automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$5,681|
|Honda CR-V EX 4WD||$5,740|
|Ford Escape Limited 2WD||$5,748|
|Toyota Tacoma 4WD||$6,369|
|Honda Civic DX 4-Dr Sedan||$6,682|
|Honda Odyssey EX W/Rear Entertainment||$6,691|
|Ford Edge SEL AWD||$6,682|
|Ford Focus SE 4-Dr Sedan||$6,692|
|Chevrolet Equinox LS AWD||$6,741|
|Volkswagen Jetta LE 4-Dr Sedan||$6,748|
|Toyota RAV4 Sport 2WD||$6,741|
|Jeep Grand Cherokee Laredo 2WD||$6,747|
|Ford F-150 FX2 2WD||$6,799|
|Dodge Grand Caravan Crew||$6,804|
|Ford Explorer Eddie Bauer 4WD||$6,799|
|Chevrolet Silverado LS Regular Cab 2WD||$6,858|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$7,048|
|Hyundai Elantra Blue 4-Dr Sedan||$7,053|
|Toyota Camry XLE||$7,112|
|Toyota Corolla LE||$7,120|
|Chevrolet Impala LTZ||$7,112|
|Chevrolet Malibu LTZ||$7,171|
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Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in Boston, MA location which can increase or decrease coverage rates considerably.
By looking at the data, we can tell that vehicles like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Toyota Tacoma are most likely going to be the most economical vehicles to insure for teen boys. Car insurance rates will trend higher just due to the fact that there is more risk for teenage males, but generally speaking those particular vehicles will most likely have the lowest insurance rates compared to other vehicles.
Cost of full coverage
Saving on car insurance is important to most people, and one good way to pay lower rates for insurance for teenage males is to not buy comprehensive and collision coverage. The illustration below shows the difference between premium costs with and without full coverage. The data is based on no violations or claims, $500 deductibles, marital status is single, and no discounts are applied.
As an average for all age groups, comprehensive and collision coverage on your policy costs an additional $2,136 per year more than just buying liability only. Many people question if it’s worth it to buy full coverage. There isn’t a steadfast formula that is best for determining when to drop physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s replacement value is $8,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,500 after the deductible is paid. If you are paying more than $750 annually for physical damage coverage, then you might want to think about dropping full coverage.
Get discount Boston insurance rates
Insurers that provide policies for teenage males may also give you price discounts that may potentially lower prices by as much as 30% if you are eligible for them. Larger car insurance companies and a selection of discounts are outlined below.
- American Family may include discounts for bundled insurance, defensive driver, TimeAway discount, air bags, early bird, accident-free, and Steer into Savings.
- State Farm offers discounts including accident-free, multiple policy, driver’s education, anti-theft, safe vehicle, and good driver.
- 21st Century offers premium reductions for anti-lock brakes, air bags, automatic seat belts, 55 and older, and teen driver.
- Travelers discounts include IntelliDrive, home ownership, payment discounts, multi-car, and save driver.
- GEICO includes discounts for air bags, daytime running lights, membership and employees, multi-policy, and anti-lock brakes.
The information below illustrates the difference between premium costs with and without discounts applied to the policy premium. The rates are based on a female driver, no tickets, no at-fault accidents, Massachusetts state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paperless filing, passive restraint, paid-in-full, vehicle safety, good student, and continuous coverage discounts applied. In this example, the average savings per year on car insurance for teenage males is 28% or $571.
Choosing the best auto insurance company is difficult considering how many choices drivers have in Boston. The rank data below can help you pick which car insurance companies to look at comparing rates with.
The ratings below are for companies with a national presence, so smaller companies that only insure vehicles in Massachusetts will not be included in this list. If you’d like to compare prices from the most competitive companies in Massachusetts, click this link.
Top 10 Major Car Insurance Companies in Boston Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Allstate – A+
- The Hartford – A+
- Progressive – A+
- Esurance – A+
- Safeco Insurance – A
- Farmers Insurance – A
Top 10 Major Car Insurance Companies in Boston Ranked by Value
- The Hartford
- Farmers Insurance
- Safeco Insurance
- AAA Insurance
- State Farm
- American Family
- Liberty Mutual