This would be a much quicker read if we could just give you the name of the one company in Texas that has the cheapest policy rates in Texas. Unfortunately, it’s not that simple as there are a whole slew of unknown aspects like how well you maintain your credit, the type of vehicle you drive, and what coverage limits you need, that all impact the cost of your policy. In this article, we will teach you about some of these factors and will hopefully give you a good beginning to your search for cheaper coverage.
The vehicle model requiring insurance is one of the largest considerations when shopping for cheap auto insurance for teenage males. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of liability claims will cost substantially less to insure than high performance models. The information below features auto insurance rates for some of the most affordable automobiles to insure in Texas.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$4,744|
|Ford Escape Limited 2WD||$4,793|
|Honda CR-V EX-L 2WD||$4,798|
|Volkswagen Jetta S 2.5 Station Wagon||$5,103|
|Ford F-150 XL Super Cab 4WD||$5,321|
|Dodge Grand Caravan SE||$5,329|
|Ford Edge SEL AWD||$5,582|
|Honda Odyssey EX||$5,590|
|Toyota Tacoma 2WD||$5,582|
|Chevrolet Malibu Hybrid||$5,631|
|GMC Sierra SL Extended Cab 2WD||$5,638|
|Toyota RAV4 Sport 2WD||$5,631|
|Chevrolet Silverado LT Extended Cab 4WD||$5,638|
|Chevrolet Impala LT||$5,631|
|Ford Explorer Eddie Bauer 4WD||$5,680|
|Ford Focus SES 4-Dr Sedan||$5,892|
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Above prices assume single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in vehicle garaging location which can alter premiums greatly.
Based upon these rates, models like the Honda Accord, Ford Escape, Honda CR-V, and Volkswagen Jetta are going to be a few of the less-costly vehicles to insure for teen boys. Auto insurance rates will be more costly just due to the fact that there is more liability risk for teenage males, but in general those vehicles will most likely have the best rates available.
Figuring out which company has the cheapest car insurance rates for teenage males takes a little more effort in order to find the best policy. Each auto insurance company has their own formula for determining prices, so we need to take a look at the car insurance companies with the most affordable rates in Dallas, TX.
It’s a good idea to be aware that Dallas, TX car insurance rates are influenced by many factors that can increase the price you pay. Getting older, marrying your spouse, or having an at-fault accident can trigger rate changes that may make certain companies cheaper than others.
Best Car Insurance Prices for Teens
Travelers may offer some of the lowest car insurance rates in Dallas at around $1,052 per year. This is $852 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the cheapest Dallas, TX auto insurance companies.
As shown above, if you currently buy coverage from USAA and switched to Travelers, you may realize a yearly savings of approximately $32. Drivers with Texas Farm Bureau could save as much as $147 a year, and Germania Mutual policyholders might reduce rates by $230 a year.
If you want to find out if you’re overpaying, click here to start your custom quote or quote prices from the following companies.
Understand that those premium estimates are averages for all insureds and vehicles and are not factoring in a vehicle location for teenage males. So the car insurance company that has the cheapest price for you may not even be in the top 23 companies shown above. That’s why you need to get quotes using your own specific driver and vehicle information.
For teen boys, one of the more important factors that are looked at to determine the amount you pay for auto insurance is where you choose to live in Dallas. Cities with more crime and/or more people tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from having to pay less for coverage.
The illustration below lists the priciest cities in Texas for teenage males in which to buy car insurance. Dallas ranks #4 with a yearly premium of $1,855 for the average policy, which is around $155 each month.
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Price information shown is comparative as the specific Dallas residence address can revise premium rates substantially.
Accidents and violations increase rates
One of the best ways to obtain cheap car insurance prices for teen boys is to be an attentive driver and avoid accidents and traffic violations. The diagram below demonstrates how citations and at-fault collisions raise insurance rates for each age group. The data assumes a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of auto insurance in Dallas per year with no violations or accidents is $2,091. Receive one speeding ticket and the average cost jumps to $2,436, an increase of $345 each year. Then throw in two accidents along with the one speeding ticket and the 12-month cost of car insurance for teenage males goes up to an average of $5,402. That’s an increase of $3,311, or $276 per month, just for not driving carefully!
Car insurance company ratings
Buying coverage from the top company is difficult considering how many companies there are to choose from in Dallas. The company information in the next section may help you choose which coverage providers to look at comparing rates with.
These rankings include large nationwide companies, so companies that focus mainly on Texas business are not included in this list. If you wish to compare prices from these companies and more, click this link.
Top 10 Major Auto Insurers in Dallas Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Major Auto Insurers in Dallas Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Types of discounts on Dallas car insurance rates
Insurance providers that provide policies for teenage males may provide premium discounts that can reduce rates by as much as 35% or more if you can meet the requirements. A list of car insurance companies and their offered discounts are outlined below.
- Farm Bureau offers premium reductions for good student, driver training, youthful driver, multi-policy, and 55 and retired.
- Liberty Mutual may offer discounts for new move discount, preferred payment discount, multi-policy, newly married, teen driver discount, and multi-car.
- State Farm may include discounts for driver’s education, good student, accident-free, student away at school, anti-theft, and multiple autos.
- Auto-Owners Insurance may have discounts that include multiple vehicles, safe vehicle, anti-lock brakes, air bags, and teen driver.
- GEICO has savings for anti-theft, driver training, multi-vehicle, emergency military deployment, defensive driver, and federal employee.
- SAFECO offers discounts including anti-theft, multi-car, safe driver, anti-lock brakes, and drive less.
The chart below illustrates the comparison of insurance prices with and without discounts applied to the rates. The premiums assume a male driver, no claims, a clean driving record, Texas state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with continuous coverage, paid-in-full, passive restraint, good student, paperless filing, and anti-theft discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for teenage males is 28% or $768.
How to find the cheapest auto insurance for teenage males
Here are some of the recommended thrifty ideas that can help Texas drivers get lower-cost auto insurance.
- Remain accident-free and save
- Clean up your credit
- Buying home and auto insurance together can earn discounts
- Do not get traffic tickets
- Increase your deductibles
- Pay for smaller claims out-of-pocket
- Shop around for cheaper prices often
That last tip is extremely valuable, as we noted in this write-up. Prices charged by auto insurers change frequently, so don’t be afraid to switch to a new company if you can find a cheaper rate. Having brand loyalty is commendable, but is isn’t recommended if that devotion results in you overpaying money that could be used for better things. If you have a few minutes, now is a great time to compare prices and find cheaper auto insurance for teenage males in Dallas.