The words “low-priced” and “auto insurance” probably shouldn’t be used together, in particular when you are shopping around for the cheapest coverage for high school students. To save some money, let’s lead off by showing you some of the factors that can significantly affect auto insurance rates, and find a few ways to reduce the cost of the next policy you buy.
For teenagers, one of the largest criteria that help determine car insurance rates is your zip code in Boston. Regions with more people or even just more weather-related claims tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper car insurance.
The illustration below rates the priciest cities in Massachusetts for high school students to purchase car insurance in. Boston is ranked at #8 with the annual price of $1,752 for the average insured, which is around $146 monthly.
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Price information shown is approximated as vehicle location can affect premium rates significantly.
Figuring out which companies quote the lowest-priced auto insurance rates for high school students takes a bit more effort than just picking a company at random. Every insurance provider has their own formula to set premium rates, so to begin we’ll rank the auto insurance companies with the overall best prices in Boston.
Find the Cheapest Car Insurance for Students
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$823|
|9||Norfolk and Dedham||$1,078|
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State Farm may offer some of the most affordable car insurance rates in Boston at around $741 a year. This is $494 less than the average premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also make the cut as some of the most economical Boston, MA car insurance companies.
As the example above demonstrates, if you are a policyholder with Commerce Group and switched to National Grange Mutual, you might see an annual premium reduction of approximately $52. Massachusetts drivers with OneBeacon could save as much as $80 a year, and Arbella customers might reduce rates by $187 a year.
Understand that those rates are averaged across all ages of drivers and types of vehicles and and are not figured with a specific zip code for high school students. So the auto insurance company that is best suited for you may not even be in the top 21 companies shown above. That’s why you need to compare as many prices as possible using your own driver information and specific vehicle type.
The make and model of vehicle that is being insured is one of the largest considerations when shopping for the best auto insurance for high school students. Vehicles with high performance features, a lack of advanced safety features, or a high likelihood of having liability claims will cost more to insure than safer models. The next table presents coverage prices for some of the most affordable vehicles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$6,030|
|Ford Escape XLS 4WD||$6,038|
|Honda CR-V EX-L 4WD||$6,093|
|Volkswagen Jetta S 2.5 Station Wagon||$6,487|
|Dodge Grand Caravan SE||$6,763|
|Ford Focus SE 4-Dr Sedan||$7,093|
|Ford Edge Limited 2WD||$7,098|
|Nissan Altima 2.5 4-Dr Sedan||$7,157|
|Toyota Tacoma Double Cab 4WD||$7,164|
|Toyota RAV4 Sport 4WD||$7,157|
|Chevrolet Equinox LT AWD||$7,163|
|Chevrolet Malibu LT||$7,220|
|Ford F-150 Lariat Super Cab 4WD||$7,227|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$7,220|
|Ford Explorer Eddie Bauer 4WD||$7,225|
|Honda Civic VP 4-Dr Sedan||$7,487|
|Hyundai Elantra Blue 4-Dr Sedan||$7,493|
|Honda Odyssey EX-L W/Navigation||$7,551|
|Toyota Corolla S||$7,558|
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Data variables include single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific Boston, MA garaging location which can affect premium rates greatly.
By looking at the data, you can figure that models like the Honda Accord, Ford Escape, Honda CR-V, and Volkswagen Jetta should be some of the cheapest vehicles to insure for teenagers. The cost of a car insurance policy will be more expensive because there is more claim risk for high school students, but generally speaking those models will most likely have the lowest insurance prices available.
Safe drivers pay less for auto insurance
The recommended way to snag the cheapest auto insurance rates in Massachusetts for teenagers is to drive safe and avoid accidents and violations. The diagram below highlights how traffic violations and accident claims can drive up car insurance costs for different ages of insureds. The premiums assume a married male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of an auto insurance policy in Boston per year with no accidents and a clean driving record is $2,187. Get one speeding ticket and the average cost swells to $2,511, an increase of $324 each year. Now include one accident along with the one speeding ticket and the annual cost of auto insurance for high school students jumps again to an average of $3,441. That’s an increase of $1,255, or $105 per month, just for not being more responsible behind the wheel!
Choosing a highly-rated auto insurance company is difficult considering how many different companies insure vehicles in Massachusetts. The ranking data shown below can help you decide which insurers you want to consider when shopping car insurance rates for high school students. The rankings below are for large nationwide companies, so companies with more of a regional focus are not included in this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The illustration below shows how choosing a deductible can change premium costs when searching for cheap insurance for high school students. The premiums are based on a single male driver, full coverage, and no policy discounts are applied.
The data above shows that a 30-year-old driver could lower their car insurance rates by $310 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $466 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 category, could potentially save as much as $902 annually by choosing a larger deductible amount.
When increasing deductibles, it will be required to have enough savings to enable you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.