The car, truck, or SUV that needs insurance is probably the most important factor when looking for the most economical insurance for 20 year old guys. Vehicles with more horsepower, a lack of safety features, or a track record of large liability claims will cost more to insure than more economical and safe models. The information below outlines coverage premiums for some of the most cost-effective automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$3,921|
|Honda Accord LX-P 4-Dr Sedan||$3,927|
|Honda CR-V EX 4WD||$3,979|
|Dodge Grand Caravan CV||$4,365|
|Ford Explorer Eddie Bauer 2WD||$4,372|
|Ford F-150 XLT Super Cab 4WD||$4,423|
|Chevrolet Impala LS||$4,598|
|Volkswagen Jetta 2.0T Station Wagon||$4,620|
|Toyota Camry LE||$4,656|
|Chevrolet Equinox LS 2WD||$4,662|
|Toyota RAV4 Limited 4WD||$4,656|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$4,714|
|Hyundai Elantra SE 4-Dr Sedan||$4,947|
|Ford Edge Sport 2WD||$4,956|
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Table data represents single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific garaging location which can raise or lower prices noticeably.
Looking at the data, we can expect models like the Ford Escape, Honda Accord, and Honda CR-V are most likely to be the most affordable vehicles to insure for young men. The price for an auto insurance policy will tend to be more expensive because of the fact that there is more inherent risk for 20 year old guys, but overall those vehicles will probably have the best insurance prices compared to other vehicles.
One of the many criteria that determine car insurance rates is where your residence is in Seattle. Areas with more people or more claims are more likely to pay higher prices, whereas areas with less people or fewer weather incidents have the benefit of cheaper car insurance.
The table below shows the highest-priced areas in Washington for 20 year old guys to buy an auto insurance policy in. Seattle is ranked at #4 costing $1,391 for the average insured, which is about $116 monthly.
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Table data uses estimated as the specific garaging location can raise or lower price quotes substantially.
Tickets and at-fault accidents raise rates
One of the best ways to get cheap car insurance prices for young men is to be a careful driver and not receive tickets or have accidents. The example below shows how speeding tickets and at-fault claims can influence auto insurance costs for different age groups. The rate quotes are based on a married male driver, full coverage, $500 deductibles, and no other discounts are factored in.
The data above shows the average cost of auto insurance per year with a clean driving record and no accidents is $1,189. Factor in two speeding tickets and the average cost increases to $1,634, an increase of $445 each year. Now throw in two accidents along with the two speeding tickets and the yearly cost of car insurance for 20 year old guys goes up to an average of $3,372. That’s an increase of $2,183, or $182 per month, just for not being a responsible driver!
How to get discounts on Seattle car insurance rates
Car insurance companies that offer quotes for 20 year old guys may have premium discounts that could potentially reduce rates by as much as 25% or more if you are eligible for them. Companies and a summarized list of policyholder discounts are outlined below.
- Progressive has discounts for online signing, multi-policy, continuous coverage, online quote discount, homeowner, multi-vehicle, and good student.
- The Hartford offers premium reductions for driver training, vehicle fuel type, good student, defensive driver, anti-theft, and air bag.
- Mercury Insurance policyholders can earn discounts including age of vehicle, professional/association, anti-theft, accident-free, type of vehicle, and low natural disaster claims.
- GEICO discounts include driver training, defensive driver, membership and employees, seat belt use, military active duty, five-year accident-free, and anti-lock brakes.
- AAA offers discounts including AAA membership discount, multi-car, anti-theft, multi-policy, good driver, education and occupation, and pay-in-full.
- State Farm may include discounts for safe vehicle, accident-free, good driver, driver’s education, and student away at school.
The illustration below visualizes the comparison of insurance premiums with and without some available policy discounts. The prices are based on a male driver, no claims or violations, Washington state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, continuous coverage, anti-theft, vehicle safety, paperless filing, and good student discounts applied. When these discounts are applied, the average amount saved each year on car insurance for 20 year old guys is 19% or $350.
Does it make sense to buy full coverage?
Lowering the price of car insurance is the goal of most people, and one great way to find cheap insurance for 20 year old guys is to not pay for full coverage. The chart below shows the difference between car insurance rates when comparing full coverage to liability only. The costs are based on no violations or accidents, $250 deductibles, marital status is single, and no discounts are applied.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs $2,108 per year over and above liability coverage. That is a significant amount which raises the question if physical damage coverage is worth the money. There is no exact formula to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
There are some circumstances where dropping full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not opt for liability only.
Are you paying too much for car insurance in Seattle?
Seattle car insurance rates are calculated based on many things which can substantially decrease or increase the price you pay for coverage. Improving your credit rating, moving to a new city, or having a fender bender may generate price changes that may make certain companies more affordable than others.
And not only may your rating factors change, but insurance companies modify pricing without warning to adjust for heavy claims or excess profits. Heavier than normal losses may result in higher priced premiums, while lower claims can result in lower-cost Seattle car insurance rates.
The data below shows which companies have the cheapest car insurance in Seattle, WA for a 45-year-old female driver with a clear driving record, no claims, and a high credit rating. Based on her current risk profile, Capital might offer the most affordable car insurance rates in Seattle at $1,088 a year. This is $324 less than the average price paid by Washington drivers of $1,412. Grange, Nationwide, PEMCO, and Travelers are also included in the cheapest Seattle, WA auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates a couple of claims, poor credit, and a few traffic violations. Because every insurance company has their own process for determining prices, comparing rates could now result in a completely different list of the cheapest companies as shown below.
USAA now has the best auto insurance rate in Seattle, WA with Mutual Enumclaw, California Casualty, Allied, and Grange also being competitive. This demonstrates why it is critical to compare as many rates as possible to find cheap insurance quotes for 20 year old guys.
Auto insurance prices are influenced by many factors and can decrease or increase without notice, so the best option the last time you compared rates may now cost much more than other companies.
The insurance agents in Seattle listed below can probably help you determine which coverages and limits you need, since some drivers aren’t sure which coverage they need and prefer to have a professional recommendation when shopping around for cheaper insurance for 20 year old guys. It can be challenging to find the best policy on your own, and using a licensed agent can add satisfaction knowing your policy gives you adequate coverage if you have an accident or claim.
To locate a Seattle auto insurance agent using an interactive map, click the button following the list or click here to compare price quotes.
- State Farm – Catherine Budbill
929 N 130th St #5 – Seattle, WA 98133 – (206) 361-3770
- BGI Agency Network Inc
4634 E Marginal Way S C 140 – Seattle, WA 98134 – (206) 682-9990
- Thury Foster – State Farm Insurance Agent
444 NE Ravenna Blvd #104 – Seattle, WA 98115 – (206) 985-2528