How Much is Auto Insurance for Teenagers in Buffalo?

The car, truck, or SUV you are buying coverage for is one of the main factors when consumers are trying to find cheaper auto insurance for teenagers. Vehicles with more horsepower, poor safety features, or a track record of large liability claims will cost quite a bit more to insure than safer models. The list below features coverage rates for a handful of the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Buffalo, NY
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $7,727
Ford Escape Limited 4WD $8,265
Toyota Prius $8,335
Ford Explorer Eddie Bauer 2WD $8,695
Ford F-150 STX Super Cab 4WD $8,765
Ford Edge Limited 2WD $9,094
Honda Civic DX 4-Dr Sedan $9,099
Toyota Camry LE $9,164
Toyota RAV4 Limited 4WD $9,170
Dodge Grand Caravan Hero $9,164
Toyota Corolla XLE $9,635
Chevrolet Impala LTZ $9,645
Hyundai Elantra GLS 4-Dr Sedan $9,635
Toyota Tacoma X-Runner 2WD $9,643
Chevrolet Equinox LTZ AWD $9,705
Nissan Altima 3.5 SR 4-Dr Sedan $9,712
Honda Odyssey Touring $9,705
Chevrolet Malibu LTZ $9,715
Jeep Grand Cherokee Limited 4WD $9,705
Volkswagen Jetta 2.0T 4-Dr Sedan $9,712
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $9,714
Ford F-350 XL Super Cab Turbo Diesel 2WD $9,844
Dodge Ram 3500 Crew Cab ST 2WD $9,853
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Data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in your specific Buffalo, NY location which can lower or raise coverage rates noticeably.

Based upon the table data, you can see that models like the Honda CR-V, Ford Escape, Toyota Prius, Ford Explorer, and Ford F-150 will definitely be a few of the less-costly vehicles to insure for teen drivers. The price for car insurance will tend to be more expensive because of the fact that there is more risk for teenagers, but overall those particular vehicles will most likely have the lowest prices possible.

Determining which company quotes the cheapest car insurance rates for teenagers may require a little more effort in order to find the best price.

Every insurance company has a different formula for filing rates in each state, so let’s rank the overall cheapest car insurance companies in New York. It’s important to understand that New York car insurance rates are impacted by many things that can increase the price you pay. Improving your credit rating, having a teen driver, or getting a couple of tickets can produce rate changes that can now make some companies much cheaper than others.

Best Car Insurance Prices for Teens

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Cheapest New York auto insurance companies
Rank Company Cost Per Year
1 USAA $1,199
2 Erie $1,218
3 Progressive $1,496
4 Utica National $1,549
5 Travelers $1,575
6 Allstate $1,588
7 MetLife $1,620
8 Amica $1,628
9 Preferred Mutual $1,703
10 New York Central Mutual $1,874
11 State Farm $1,904
12 GEICO $1,926
13 Safeco $1,946
14 Liberty Mutual $2,005
15 Central Mutual $2,028
16 Hanover $2,393
17 Encompass $2,610
18 Nationwide $3,147
19 Mercury $3,848
20 21st Century $4,412
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USAA may have some of the cheapest car insurance rates in Buffalo at around $1,199 each year. Erie, Progressive, Utica National, and Travelers also qualify as some of the lowest-priced Buffalo, NY auto insurance companies.

As the rates illustrate above, if you currently buy coverage from Utica National and switched to USAA, you might see savings of upwards of $350. Drivers with Travelers may save as much as $376 a year, and Allstate insureds might lower prices by $389 a year.

Understand that those policy prices are averaged for all types of drivers and the different vehicles they drive and do not take into consideration an exact zip code location for teenagers. So the company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to compare rates from multiple companies using your own driver and vehicle profiles.

The information below highlights how deductible selection can change insurance premiums when getting quotes for cheap insurance for teenagers. The rates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

The data above shows that a 40-year-old driver could reduce rates by $218 a year by changing from a $100 deductible to a $500 deductible, or save $328 by changing to a $1,000 deductible. Even younger drivers, such as the Age 20 example, could shave up to $714 annually by choosing a larger deductible amount.

If you make the decision to raise deductibles, it will be important to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Choosing the highest-rated insurance provider can be a challenge considering how many choices drivers have in Buffalo. The information in the lists below can help you analyze which auto insurance companies you want to consider when looking for cheaper rates.

The ratings below are only comprised of companies that insure vehicles across America, so smaller regional companies are not included in this list. To check prices from these and other competitive companies, follow this link.

Top 10 Large Auto Insurance Providers in Buffalo Ranked by Customer Satisfaction

  1. The Hartford – 93%
  2. The General – 91%
  3. Progressive – 90%
  4. 21st Century – 89%
  5. Erie Insurance – 88%
  6. USAA – 87%
  7. State Farm – 87%
  8. Travelers – 87%
  9. Mercury Insurance – 87%
  10. Safeco Insurance – 86%

Top 10 Large Auto Insurance Providers Overall in Buffalo

  1. The General
  2. Mercury Insurance
  3. The Hartford
  4. Progressive
  5. Travelers
  6. State Farm
  7. Farmers Insurance
  8. Erie Insurance
  9. Safeco Insurance
  10. USAA

Your cheap policy may actually be overpriced

New York car insurance rates are impacted by many factors that may substantially change the policy price. Simply improving your credit, moving to a new city, or getting a speeding ticket can trigger rate changes that can make some companies cheaper in comparison to the competition. Also, car insurance companies amend premium rates without warning to adjust for heavy claims or excess profits. A period of higher than normal claims may result in more expensive premiums, while less frequent claims may cause lower-priced Buffalo car insurance rates.

To illustrate this point, the graph below compares the cheapest car insurance in Buffalo, NY for a 35-year-old female driver with no accidents, a clean driving record, and excellent credit. If we look at prices based on her current risk profile, USAA quotes the lowest car insurance rates in Buffalo at $1,878 a year. This is $197 less than the average premium paid by New York drivers of $2,075. Erie, Progressive, Utica National, and Allstate are the rest of the cheapest Buffalo, NY auto insurance companies.

In the next rate comparison, we’ll give the driver from the above example an accident surcharge, a lower credit rating, and a traffic citation. Since each auto insurance company uses a different method for determining prices, analyzing rates may result in a different set of the cheapest car insurance companies in Buffalo as shown below.

Travelers now has the best car insurance rate in Buffalo with Amica, Preferred Mutual, Erie, and New York Central Mutual now being in the top five. This example shows why consumers need to take the time to compare many different companies to find cheap insurance rates for teenagers. Prices consist of many risk factors and change substantially, so the most economical company when you bought your policy may now be one of the more expensive options.

How to find budget-friendly auto insurance for teenagers

The list below shows some money-saving ideas that can help Buffalo drivers get low-cost car insurance.

That last idea is incredibly valuable, as was noted in this article. Car insurance rates in Buffalo can be adjusted at any time, so don’t hesitate to buy a policy from a new company if a more affordable price is available. Many drivers have brand loyalty and that’s fine, but it’s not recommended if that loyalty results in overpaying major coinage every year. If you have a few minutes, now is a great time to compare prices to find cheaper car insurance for teenagers.