The type of vehicle that is being insured is probably the largest consideration when quoting economical auto insurance for teenage males. Vehicles with average performance, advanced safety features, or a positive history of liability claims will cost much less to insure than adrenaline junky models. The list below illustrates coverage rates for some of the cheaper automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $7,048 |
| Ford Escape XLT 2WD | $7,055 |
| Honda Accord EX-L 4-Dr Sedan | $7,584 |
| Volkswagen Jetta S 2.5 Station Wagon | $7,591 |
| Toyota Prius | $7,656 |
| Ford F-150 STX Super Cab 2WD | $7,828 |
| Ford Explorer Eddie Bauer 2WD | $7,903 |
| Jeep Wrangler Sahara 4WD 2-Dr | $7,912 |
| Ford Edge SEL AWD | $8,290 |
| Chevrolet Equinox LS 2WD | $8,365 |
| Chevrolet Malibu LS | $8,372 |
| Toyota Camry LE | $8,365 |
| Toyota RAV4 Sport 4WD | $8,375 |
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Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in garaging location in Louisville, KY which can affect premium rates noticeably.
Based upon these rates, you can presume that vehicles like the Honda CR-V, Ford Escape, and Honda Accord are most likely to be a few of the less-costly vehicles to insure for teen boys. The price for an auto insurance policy will tend to be higher just due to the fact that there is more liability exposure for teenage males, but generally speaking those vehicles will tend to have the best insurance prices compared to other types of vehicles.
For teen boys, one of the big considerations that are looked at to help calculate car insurance rates is where you keep your vehicle in Louisville. Areas with more people or more claims will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims tend to receive cheaper rates.
The illustration below rates the most costly cities in Kentucky for teenage males to buy car insurance in. Louisville is ranked #1 with a yearly premium of $2,090 for car insurance, which is around $174 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Louisville | $2,090 |
| 2 | Frankfort | $1,778 |
| 3 | Ashland | $1,724 |
| 4 | Saint Matthews | $1,711 |
| 5 | Jeffersontown | $1,668 |
| 6 | Paducah | $1,631 |
| 7 | Madisonville | $1,616 |
| 8 | Radcliff | $1,606 |
| 9 | Danville | $1,549 |
| 10 | Murray | $1,549 |
| 11 | Elizabethtown | $1,547 |
| 12 | Winchester | $1,547 |
| 13 | Georgetown | $1,536 |
| 14 | Richmond | $1,535 |
| 15 | Henderson | $1,511 |
| 16 | Hopkinsville | $1,493 |
| 17 | Covington | $1,487 |
| 18 | Nicholasville | $1,474 |
| 19 | Lexington | $1,469 |
| 20 | Erlanger | $1,463 |
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Premium costs are comparative as zip code location can change price quotes significantly.
Finding reliable, reasonably-priced auto insurance is difficult, and finding out which companies quote the cheapest car insurance rates for teenage males calls for even more work. Every car insurance company has a unique formula to set their prices, so let’s rank the most competitive car insurance companies in Kentucky.
It’s important to know that Louisville, KY car insurance rates are impacted by many things that may substantially change the policy price. This price variability is why consumers need to perform a complete rate comparison to get the lowest car insurance quotes for teenage males. Insurance prices are influenced by many things and can change substantially, so the best option two years ago may now be an over-priced policy.
Lowest Insurance Price Quotes for Teens
Cincinnati Insurance quotes some of the most affordable car insurance rates in Louisville at around $1,115 each year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are also some of the best Louisville, KY auto insurance companies.
As shown above, if you currently have coverage with Kentucky Farm Bureau and switched to Cincinnati Insurance, you might see savings of roughly $13. Policyholders with USAA might save as much as $96 a year, and Auto-Owners policyholders might cut rates by $242 a year.
If you want to see how much you could save, click here or quote rates from the companies below.
Remember that these rates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a specific vehicle garaging location for teenage males. So the insurer that has the cheapest rates for you may not even be in the top 21 companies shown above. That affirms the importance of why you need to get rate quotes from many companies using your own driver and vehicle profiles.
The diagram below demonstrates how deductibles can affect annual premium costs when trying to find cheap insurance for teenage males. The information is based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could cut expenses by $300 a year by increasing from a $100 deductible to a $500 deductible, or save $454 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old, could possibly save $880 or more by using a higher deductible.
If you do raise deductibles, it will be important to have additional savings on hand to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Car insurance rates are higher with tickets and accidents
The ideal way to receive the most affordable car insurance prices in Louisville for teen boys is to be a safe driver and avoid traffic citations and accidents. The illustration below highlights how traffic violations and accident claims can increase insurance rates for each age group. The price estimates are based on a single male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.
In the chart above, the average cost of an auto insurance policy per year with no accidents or violations is $1,541. Get one speeding ticket and the average cost rises to $1,736, an increase of $195 each year. Now get one accident along with the one speeding ticket and the yearly cost of car insurance for teenage males jumps again to an average of $2,280. That’s an increase of $739, or $62 per month, just for not being more responsible behind the wheel!
If you aren’t sure which coverage you need and prefer to have some advice when comparing insurance rates for teen boys, the agents below are a good start to provide answers to your questions and help you determine which coverages and limits you need. To find an agent in your neighborhood, click the button link following the list or click here to compare price quotes.
Greg Vincent – State Farm Insurance Agent
167 S English Station Rd – Louisville, KY 40245 – (502) 245-3227
Brian Morrison – State Farm Insurance Agent
104 Ridgeway Ave – Louisville, KY 40207 – (502) 895-2955
Glenn E Martin Insurance
10226 Shelbyville Rd – Louisville, KY 40223 – (502) 245-8870
More insurance agents in Louisville, KY
Ideas for buying budget-friendly insurance for teenage males
Here are a few penny-pinching suggestions that can help Louisville drivers locate cheaper car insurance.
- Increase your comprehensive and collision deductibles
- At-fault accidents can raise rates significantly
- Maintain a clean driving record
- Do not pay for full coverage on older vehicles
- Earn discounts for being claim-free
- Compare quotes from other companies often
That last piece of advice is especially necessary, as we noted in the prior information. Prices charged by companies in Louisville change a lot, so don’t hesitate to buy from a different company if you can save money.
Having a favorite company is fine, but is isn’t recommended if that devotion results in you overpaying hundreds every year. In less than five minutes you could compare rates and find cheaper car insurance for teenage males.