The words "economical" and "auto insurance" probably shouldn't be used in the same sentence, in particular when trying to find the best car insurance for teenage males. To help control this cost, let's introduce you to some situations that have an impact on insurance premiums, and come up with some ideas to take the bite out of your next policy.
Finding good, affordable auto insurance is easier said than done, and figuring out which insurers offer the best insurance rates for teenage males involves even more rate comparisons. Each company has a proprietary formula to determine premium rates, so we need to take a look at the insurance companies with the most affordable rates in Maryland.
Best Cheap Insurance Rates for Teens
|Rank||Company||Cost Per Year|
|Find Your Rate Go|
USAA may offer some of the lowest car insurance rates in Baltimore at around $930 per year. Liberty Mutual, Penn National, Erie, and State Auto also rank well as some of the best Baltimore, MD car insurance companies.
In the above rates, if you are currently insured with State Auto and switched to Liberty Mutual, you might achieve annual savings of upwards of $134. Drivers with Amica might save as much as $255 a year, and Travelers policyholders might lower prices by $292 a year.
If you want to see how much you could save, click here to start your free quote or quote prices from the following companies.
Remember that these policy rates are averages for all types of drivers and the different vehicles they drive and are not factoring in an exact zip code location for teenage males. So the insurer that is most affordable for your situation may not even be in the top 16 companies in the list above. That affirms the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.
For teen boys, one of the big considerations that are looked at to determine the cost of insurance is your zip code. More populated areas are more likely to pay higher prices, whereas areas with less people or fewer weather incidents have the luxury of lower rates.
The illustration below sorts the most expensive areas in Maryland for teenage males to purchase car insurance in. Baltimore is listed at #1 with the yearly price of $1,760 on average, which is approximately $147 per month.
|23||Bel Air South||$1,210|
|Quote Best Rates Go|
Table data uses approximated as the specific Baltimore residence address can impact rates significantly.
Safe drivers pay less for insurance
The easiest method to maintain the best insurance rates for teen boys is to pay attention while driving and avoid accidents and traffic citations. The example below demonstrates how speeding tickets and at-fault accidents can influence premium costs for different age categories. The premium estimates are based on a married male driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
The chart shows that the average cost of a car insurance policy in Baltimore per year with no accidents and a clean driving record is $1,785. Factor in two speeding tickets and the average cost surges to $2,463, an increase of $678 each year. Now add in two accidents along with the two speeding tickets and the yearly cost of insurance for teenage males jumps again to an average of $4,994. That's an increase of $3,209, or $267 per month, just for not being attentive to the road!
Discounts on Baltimore insurance rates
Insurance providers that sell policies for teenage males may also provide rate discounts that may potentially lower prices by as much as 35% if you meet specific criteria. A list of companies and their possible discounts include:
- State Farm discounts include multiple policy, defensive driving training, good student, driver's education, and good driver.
- GEICO offers discounts including defensive driver, multi-vehicle, emergency military deployment, air bags, multi-policy, daytime running lights, and anti-theft.
- SAFECO has discounts for bundle discounts, teen safety rewards, homeowner, teen safe driver, anti-lock brakes, anti-theft, and multi-car.
- Farmers Insurance has savings for homeowner, distant student, bundle discounts, multi-car, and alternative fuel.
- AAA offers premium reductions for multi-policy, education and occupation, good student, good driver, pay-in-full, and anti-theft.
- USAA includes discounts for family discount, new vehicle, annual mileage, military installation, and defensive driver.
The diagram below illustrates the difference between insurance premiums with and without policy discounts. The price estimates are based on a male driver, no violations or claims, Maryland state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with continuous coverage, paperless filing, good student, paid-in-full, vehicle safety, and anti-theft discounts applied. When drivers take advantage of discounts, theaverage amount saved on insurance for teenage males is 28% or $844.
Ideas for buying low-cost auto insurance for teenage males
Here are some of the better money-saving ideas that can help Maryland drivers locate low-cost coverage.
- Assess whether full coverage is needed
- Buy your auto and home insurance from the same company and save
- Increase your comprehensive and collision deductibles
- Safe vehicles cost less to insure
- Earn a discount by not filing claims
- Better credit rating means better rates
- Shop around for cheaper rates regularly
That final tip is especially vital, as we discussed in the prior information. Insurance prices fluctuate considerably, so don't be tentative to switch companies if you find a cheaper price. Having brand loyalty is commendable, but is isn't recommended if that loyalty ends up costing hundreds of dollars a year. Now is a great time to compare prices to find cheaper car insurance for teenage males in Baltimore.
If you would rather get some professional input when buying car insurance for teen boys, the insurance agencies below can help you decide which auto insurance policy fits you best.
To find a Baltimore insurance agent by location nearest to you, click the button at the bottom of the list.
- Tamara Thomson - State Farm Insurance Agent
7823 Wise Ave - Baltimore, MD 21222 - (410) 282-7283
- Nationwide Insurance: Luray and Associates Inc
1726 Reisterstown Rd #220 - Baltimore, MD 21208 - (410) 602-2636
- Mindy Andreychek - State Farm Insurance Agent
8502 Harford Rd Ste B - Baltimore, MD 21234 - (410) 668-7600