The words “cheap” and “insurance” really don’t belong together, especially when you are shopping around for the lowest insurance prices for 20 year old guys. To help control this cost, let’s go over some situations that impact insurance rates, and figure out some ways to lower the price of your next policy.
One of the many factors that are used to help calculate the annual cost of car insurance is where you keep your vehicle in Chandler. More populated areas will most likely have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.
The table below rates the priciest cities in Arizona for 20 year old guys to purchase a policy in. Chandler is ranked at #15 with an annual cost of $1,082 for coverage, which is about $90 per month.
|2||San Tan Valley||$1,196|
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Rates are approximated as specific location information can affect premium rates considerably.
Locating low-cost auto insurance is hard enough, and finding out which companies have the lowest-priced insurance rates for 20 year old guys takes a bit more work. Every insurance provider uses a slightly different approach to set their prices, so we need to take a look at the most competitive insurance companies in Chandler.
It’s important that readers know that Chandler, AZ insurance rates are impacted by many factors which can substantially change the cost of your policy. This is why consumers need to take the time to shop around with many companies to find the most economical auto insurance rates for 20 year old guys. Rates can be determined by many things and can decrease or increase without notice, so the lowest-price company the last time you checked may now cost much more than other companies.
Best Insurance Companies for Men Age 20
The Hartford quotes some of the cheapest car insurance rates in Chandler at around $820 a year. Auto-Owners, Safeco, Travelers, and USAA would also make the list of some of the lowest-priced Chandler, AZ insurance companies.
In this example, if you are currently insured with Safeco and switched to The Hartford, you could see a yearly savings of in the vicinity of $112. Policyholders with Travelers might save as much as $255 a year, and USAA policyholders might lower prices by $293 a year.
Bear in mind that those policy rates are averages for all drivers and vehicles in Arizona and do not take into consideration a specific location for 20 year old guys. So the insurer that can offer you the lowest price may not even be in the list above. That is why you need to get auto insurance quotes using your own specific driver and vehicle information.
The vehicle on the policy is probably the biggest factor when shopping for economical coverage for 20 year old guys. Vehicles with lots of horsepower, poor passenger safety features, or a high likelihood of having liability claims will cost significantly more to insure than more economical and safe models. The next table illustrates auto insurance premiums for a number of the more affordable automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$3,357|
|Honda CR-V EX-L 2WD||$3,405|
|Ford Escape Limited 4WD||$3,654|
|Ford Focus SE 4-Dr Sedan||$3,939|
|Honda Odyssey EX W/Rear Entertainment||$3,946|
|Honda Civic DX 4-Dr Sedan||$3,939|
|Ford Edge Limited 2WD||$3,948|
|Toyota Camry LE||$3,988|
|Chevrolet Malibu Hybrid||$3,996|
|Toyota RAV4 2WD||$3,988|
|Chevrolet Equinox LT AWD||$3,998|
|Ford F-150 FX4 Super Cab 4WD||$4,037|
|Ford Explorer Eddie Bauer 4WD||$4,046|
|Dodge Grand Caravan SXT||$4,037|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$4,042|
|Hyundai Elantra Blue 4-Dr Sedan||$4,188|
|Chevrolet Impala LTZ||$4,237|
|Toyota Tacoma X-Runner 2WD||$4,246|
|Toyota Corolla LE||$4,237|
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Data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in your specific Chandler, AZ location which can alter auto insurance rates significantly.
Looking at the rates, you can conclude that cars like the Honda Accord, Honda CR-V, and Ford Escape are a few of the most economical vehicles to insure for young men. The price for an auto insurance policy will be more expensive just because there is more inherent risk for 20 year old guys, but overall those particular vehicles will tend to have the cheapest rates compared to other vehicles.
Get discounts on Chandler insurance
Insurers that provide coverage for 20 year old guys may also give you price discounts that can lower rates by 30% or more if you can meet the requirements. Larger insurance companies and some of the discounts include:
- State Farm offers discounts for accident-free, multiple policy, defensive driving training, anti-theft, and safe vehicle.
- Progressive policyholders can earn discounts including online quote discount, continuous coverage, homeowner, online signing, multi-vehicle, multi-policy, and good student.
- Progressive discounts include multi-vehicle, continuous coverage, online quote discount, homeowner, good student, and online signing.
- MetLife has discounts for claim-free, accident-free, good student, good driver, multi-policy, and defensive driver.
- Farm Bureau offers discounts including multi-vehicle, renewal discount, good student, driver training, safe driver, multi-policy, and 55 and retired.
- GEICO may offer discounts for driver training, anti-theft, multi-vehicle, daytime running lights, defensive driver, federal employee, and good student.
- SAFECO may have discounts that include teen safe driver, safe driver, bundle discounts, homeowner, and multi-car.
The example below visualizes the comparison of car insurance rates with and without discounts. The information is based on a male driver, no violations or claims, Arizona state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with anti-theft, passive restraint, paid-in-full, good student, paperless filing, and vehicle safety discounts applied. With discounts applied, theamount saved on insurance for 20 year old guys is 19% or $288.
The example below highlights how deductible selection can raise or lower insurance premiums when trying to find cheap insurance for 20 year old guys. Data assumes a married male driver, comp and collision included, and no other discounts are factored in.
A 40-year-old driver could lower their policy premium by $210 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $316 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, could save $694 each year just by using higher deductibles. When increasing deductibles, it will be necessary to have additional savings on hand to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Selecting the right car insurance company is difficult considering how many companies sell insurance in Chandler. The ranking data in the lists below can help you choose which coverage providers you want to consider purchasing a policy from.
The rankings below include major nationwide insurance companies, so smaller companies will not be included in these rankings. If you’d like to compare prices from these top insurers and more, click this link.
|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
If you wish to have some advice when shopping around for cheaper insurance for 20 year old guys, the insurance agencies listed below are willing to aid you in deciding which coverages are best.
To locate an agency near you, click the button following the list or click here to compare prices now.
- Nationwide Insurance Chandler
2040 S Alma School Rd #1 – Chandler, AZ 85286 – (480) 822-7100
- Breinholt Insurance Group, LLC
1600 W Chandler Blvd #150 – Chandler, AZ 85224 – (480) 237-2050
- Allstate Insurance: Robert Gallego
3175 S Price Rd Ste 142 – Chandler, AZ 85248 – (480) 820-0808
- Allstate Insurance: Joe Kittelson
1351 N Alma School Rd Ste 160 – Chandler, AZ 85224 – (480) 545-8877
- American Family Insurance – Craig Lloyd
1801 W Queen Creek Rd #1 – Chandler, AZ 85248 – (480) 899-8549
How to find the cheapest car insurance for 20 year old guys
Below you’ll find many money-saving suggestions that can help you get lower-cost coverage.
- Accident-free drivers may qualify for discounts
- Avoid speeding and other traffic citations and pay less
- Improve your credit score
- Having too many claims will increase rates substantially
- Lower rates by purchasing a safer vehicle
- Shop around and save
That last piece of advice is remarkably significant, as was noted in this piece. Prices charged by auto insurers fluctuate constantly, so don’t be tentative to switch carriers if you find a cheaper price.
Staying with the same company for years is fine, but it isn’t a good idea if that stubbornness costs you a small fortune year after year. If you have a few minutes, now is a great time to compare prices to find cheaper car insurance for 20 year old guys in Chandler.