You have most likely watched the commercials from auto insurance companies like Nationwide and Farmers that say if you switch you’ll get dirt cheap rates, so drivers should just choose one randomly, right?
It’s not quite that easy, unfortunately, as there are a lot of unknown aspects like where you live, what level of deductibles you wish to have, how many years you have been driving, and if you need full coverage or liability-only, that all help calculate your car insurance rates. This article goes into detail about the different ways you can keep rates low and will hopefully give you a good beginning to your quest for cheaper car insurance in Texas.
One of the many factors that are looked at to help calculate the cost of insurance is where you live. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The illustration below rates the most expensive cities in Texas for 20 year old guys to purchase a policy in. San Antonio comes in at #12 with an annual rate of $1,739 for car insurance, which is approximately $145 each month.
|Rank||City||Premium Per Year|
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Table data uses comparative as the vehicle garaging location can affect coverage prices considerably.
The vehicle model driven is probably the most important factor when quoting cheaper car insurance for 20 year old guys. Vehicles with higher performance, a lack of advanced safety features, or a history of substantial liability claims will cost much more to insure than safer, lower-performance models.
The next table shows coverage costs for a handful of the cheaper automobiles to insure in Texas.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,459|
|Ford Escape Limited 2WD||$2,494|
|Honda CR-V EX-L 4WD||$2,499|
|Hyundai Elantra SE Touring Station Wagon||$2,677|
|Ford Explorer XLT 2WD||$2,738|
|Ford F-150 STX Super Cab 4WD||$2,775|
|Toyota Tacoma 2WD||$2,885|
|Ford Focus S 4-Dr Sedan||$2,891|
|Ford Edge Limited 2WD||$2,885|
|Chevrolet Impala LS||$2,894|
|Toyota RAV4 Limited 2WD||$2,920|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$2,930|
|Chevrolet Equinox LS AWD||$2,920|
|Dodge Grand Caravan Crew||$2,958|
|Honda Odyssey EX-L W/Rear Entertainment||$3,105|
|Nissan Rogue S AWD||$3,129|
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Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in specific San Antonio, TX garaging location which can decrease or increase prices greatly.
Based upon the rates shown, we can assume that vehicles like the Honda Accord, Ford Escape, Honda CR-V, Hyundai Elantra, and Toyota Prius are most likely to be some of the more affordable vehicles to insure for young men. Prices will be more costly just due to the fact that there is more inherent risk for 20 year old guys, but generally speaking those particular models will have the best rates possible.
Impact of citations and accidents on San Antonio insurance rates
The easiest method to score affordable insurance prices in Texas for young men is to be a cautious driver and avoid accidents and traffic violations. The chart below shows how traffic citations and accident claims can increase premium costs for different age groups. The costs are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.
In the prior example, the average cost of a car insurance policy per year with no accidents or violations is $2,062. Get two speeding tickets and the average cost swells to $2,748, an increase of $686 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for 20 year old guys jumps again to an average of $3,450. That’s an increase of $1,388, or $116 per month, just for being a little careless behind the wheel!
The information below demonstrates how deductible levels can raise or lower insurance premiums when trying to find cheap insurance for 20 year old guys. The data assumes a married male driver, comp and collision included, and no policy discounts are applied.
In the chart above, a 50-year-old driver could pocket $372 a year by increasing from a $100 deductible to a $500 deductible, or save $560 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old example, could possibly save $1,240 each year by using a higher deductible. When choosing a higher deductible, it will be important to have enough in a savings account to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
The San Antonio car insurance agencies listed below are a good start to answer your questions and help you decide which coverages are best, since some drivers wish to have a professional recommendation when comparing insurance rates for young men. It’s not always simple to find the cheapest rates, so getting advice from a licensed Texas insurance agent can provide comfort knowing you have enough coverage when you need it. To find a San Antonio insurance agent close to where you live, click the button at the bottom.
Sonia Flores – State Farm Insurance Agent
3103 SE Military Dr #102 – San Antonio, TX 78223 – (210) 333-1030
Tim McBroom – State Farm Insurance Agent
8802 Marbach Rd #100 – San Antonio, TX 78227 – (210) 673-3401
Rivers Schara – State Farm Insurance Agent
1775 Encino Rio Boulevard – San Antonio, TX 78259 – (210) 496-9533
Norma Lopez Petre – State Farm Insurance Agent
3227 SW Military Dr #103 – San Antonio, TX 78211 – (210) 928-3276
How to find economical auto insurance for 20 year old guys
It is possible to find better rates, and here are some penny-pinching ideas that can help Texas drivers find cheaper car insurance.
- Drivers with good credit often pay less
- If possible, pay for small claims out-of-pocket
- Home or renters coverage can save on auto insurance
- Do not get tickets
- Increase deductibles to save money
- Avoid accidents
- Shop your coverage around for the best deal
That last tip is incredibly significant, as we discussed in this article. Coverage prices vary greatly, so don’t hesitate to switch carriers if a more affordable price is available.
Staying with the same company for years is fine, but we do not recommend it if that dedication is costing a lot of money. Now is a great time to shop around and find cheaper auto insurance for 20 year old guys in San Antonio.