The vehicle you are seeking coverage for is a significant factor that determines if you can find the lowest-priced insurance for 20 year old guys. Vehicles with higher performance characteristics, a lack of safety features, or a high likelihood of having liability claims will cost substantially more to insure than more modest models.
The next list estimates coverage rates for some of the cheaper vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$2,335|
|Ford Escape Limited 2WD||$2,369|
|Hyundai Elantra SE Touring Station Wagon||$2,542|
|Ford F-150 FX2 Super Cab 2WD||$2,598|
|Ford Explorer XLT AWD||$2,606|
|Dodge Grand Caravan SE||$2,598|
|Honda Odyssey EX W/Rear Entertainment||$2,737|
|Ford Edge Limited 2WD||$2,745|
|Chevrolet Impala LT||$2,771|
|Chevrolet Malibu LS||$2,776|
|Toyota RAV4 Limited 2WD||$2,771|
|Volkswagen Jetta S 4-Dr Sedan||$2,781|
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Data variables include single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific location information which can influence insurance rates significantly.
By looking at the data, vehicles like the Honda CR-V, Ford Escape, and Hyundai Elantra should be the cheaper vehicles to insure for young men. The price of auto insurance will be more costly just due to the fact that there is more liability risk for 20 year old guys, but generally speaking those models will tend to have the best insurance prices that you’ll find.
Finding dependable, affordable auto insurance is not always easy, and determining which company quotes the cheapest car insurance rates for 20 year old guys will take a bit more work. Each company has their own process for setting rates, so let’s take a look at the lowest cost car insurance companies in Fort Worth.
It’s a good idea to know that Fort Worth car insurance rates are impacted by many factors that control the price you pay. This price variability is why it is critical to compare lots of rates to find cheap car insurance rates for 20 year old guys. Auto insurance prices are impacted by many different factors and can increase or decrease at any time, so the best option three years ago may now be quite expensive.
Cheap Insurance Rates for Men Age 20
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,235|
|Find Cheaper Rates Go|
Travelers quotes some of the best car insurance rates in Fort Worth at around $1,021 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the best Fort Worth, TX car insurance companies.
As shown in the rates above, if you are a policyholder with Texas Farm Bureau and switched to Travelers, you could earn a yearly price reduction of roughly $214. Drivers with Germania Mutual might save as much as $273 a year, and Esurance customers might lower prices by up to $358 a year.
To see if you’re overpaying, click here to begin a quote or visit any of the low-priced companies below.
It’s important to note that these policy rates are averages for all types of drivers and the different vehicles they drive and and are not calculated with a specific location for 20 year old guys. So the auto insurance company that is most affordable for your situation may not even be in the list above. That point stresses why you need to get quotes using your own driver and vehicle profiles.
Selecting the highest-rated insurance company is hard considering how many different insurance companies sell coverage in Fort Worth. The ranking data shown below may help you analyze which auto insurers to look at when trying to find cheaper insurance for 20 year old guys.
These ratings are for major nationwide insurance companies, so companies with more of a regional focus are not factored into these rankings. If you’d like to compare prices and find the cheapest rates for 20 year old guys, just click here.
Top 10 Major Car Insurance Companies Overall in Fort Worth
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
The example below demonstrates how choosing different deductibles can raise or lower insurance costs when searching for cheap insurance for 20 year old guys. The data assumes a single male driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $374 a year by changing from a $100 deductible to a $500 deductible, or save $564 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old category, could potentially save as much as $1,236 every year just by choosing higher deductibles.
If you do decide to increase your deductibles, it will be required to have enough in a savings account to be able to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Here’s why you should compare rates often
Fort Worth car insurance rates are influenced by many factors that will increase or decrease the cost of coverage. Simply having a birthday, buying higher coverage limits, or getting a couple of tickets may cause policy rate changes resulting in some companies being more affordable than competitors. In addition to those changes, car insurance companies file new Texas auto insurance rates without warning to adjust for unexpected claims or profits. Higher than normal claim frequency or severity may result in increased policy costs, while a better claims history may produce lower-priced Fort Worth car insurance rates.
For example, the data below shows the company with the cheapest car insurance in Fort Worth, TX for a 45-year-old female driver with no accidents or violations, and a good credit rating. When comparing rates based on her current situation, Travelers has the best car insurance rates in Fort Worth at $1,081 per year. This is $823 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the cheapest Fort Worth, TX auto insurance companies.
The example below compares rates after we give the driver from above a claim surcharge, poor credit, and a traffic citation. Due to the fact that every insurance company has their own process to set premium rates, comparing prices may now result in a different list of affordable Fort Worth car insurance companies as shown below.
USAA now has the cheapest insurance rate in Fort Worth, TX with State Farm, Mercury, Safe Auto, and Nationwide now rounding out the top five. This demonstrates why consumers need to compare rates to get the most budget-friendly auto insurance quotes for 20 year old guys.
Car insurance prices are calculated by many things and change frequently, so the most affordable company six months ago may now be one of the more expensive options.
Ideas to find cheaper auto insurance for 20 year old guys
Lowering your rates is not difficult, and here are some of the recommended thrifty ideas that can help Texas drivers get more affordable car insurance.
- Avoid speeding and other traffic citations and pay less
- Increase physical damage deductibles
- Avoid preventable accidents
- Buy a safer vehicle
- Increase your credit score
- Do not waste money insuring older vehicles for full coverage
- Shop around for cheaper rates regularly
The final tip is very significant, as we discussed in the article above. Car insurance prices in Fort Worth can be modified anytime, so don’t be tentative to buy from a different company if a cheaper rate is available.
Loyalty to a specific company is fine, but we do not recommend it if it’s costing you lots of hard earned cash every month. In just a couple of minutes you could compare prices and find cheaper insurance for 20 year old guys.
The insurance agents in Fort Worth listed below are a good start to help you determine which policy is best, as some drivers have questions and prefer to get some professional input when shopping for cheaper insurance for young men. It’s not always simple to find the best policy on your own, so using a licensed agent can provide satisfaction knowing your coverage gives you suitable coverage if you ever need to use it.
To find an auto insurance agency nearest to you, click the link after the list or click here to compare price quotes.
- Earl Wood – State Farm Insurance Agent
2900 S Hulen St #50 – Fort Worth, TX 76109 – (817) 922-9300
- Camilla Harris – State Farm Insurance Agent
7225 Crowley Rd a – Fort Worth, TX 76134 – (817) 293-0496
- Ricardo Rivera – State Farm Insurance Agent
2516 NE 28th St Ste 124 – Fort Worth, TX 76106 – (817) 945-2900