Cheapest Auto Insurance Quotes for a 20 Year Old Male in Indiana

The make and model of vehicle requiring insurance is probably the biggest factor that determines whether or not you can buy cheap car insurance for 20 year old guys. Vehicles with average performance, modern passenger safety features, or a positive history of liability claims will cost quite a bit less to insure than fast, unsafe models. The data below features auto insurance rates for a handful of the more afforable vehicles to buy coverage for.

Data variables include single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in the specific area where the vehicle is garaged which can lower or raise price quotes considerably.

Based upon the rates shown, vehicles like the Honda Accord, Hyundai Elantra, and Chevrolet Traverse will definitely 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 inherent risk for 20 year old guys, but overall those specific models will probably have the lowest prices available.

Finding reasonably-priced car insurance is not easy, and determining which companies quote the cheapest auto insurance rates for 20 year old guys requires even more shopping around. Policy rates will be significantly more than the average policy in Indiana due to the added risk that comes with offering insurance for young men, but reasonably-priced insurance should be possible if you look hard enough. Each insurance company has their own guidelines for determining rates, so to begin we’ll rank the auto insurance companies that tend to have lower prices in Indiana.

It’s a good idea to be aware that Indiana auto insurance rates are determined by lots of factors that can increase the cost of a policy. This price fluctuation is why Indiana drivers need to compare many different companies to get the best car insurance rates for 20 year old guys. Auto insurance prices are determined by many factors and can decrease or increase without notice, so the best option the last time you compared rates may now be one of the higher cost companies.

Find the Cheapest Car Insurance for Men Age 20

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Travelers may offer some of the best car insurance rates in Indiana at around $620 a year. USAA, Cincinnati Insurance, Erie, and Indiana Farmers Mutual would also make the list of some of the cheaper Indiana insurance companies.

As shown above, if you are a policyholder with Erie and switched to USAA, you might realize annual savings of upwards of $51. Customers with Indiana Farmers Mutual may save as much as $180 a year, and Western Reserve policyholders might realize rate reductions of up to $211 a year.

To see if your current coverage is too expensive, click here to get a free quote or click through to the companies below.

Understand that those rates are averages for all types of insureds and vehicles and are not factoring in a rate increase for 20 year old guys. So the company that has the lowest price for you may not even be shown in the company chart above. That underscores the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.

When shopping for the cheapest auto insurance for young men, one of the many components used to determine the cost of insurance is where you keep your car. Regions with larger populations or more claims like Gary, Merrillville, and Indianapolis tend to have higher rates, whereas areas that are not as densely populated profit from lower rates.

The illustration below rates the highest-priced places in Indiana for 20 year old guys to buy auto insurance in.

Table data uses estimated as the specific zip code location can modify coverage rates considerably.

Irresponsible driving raises your rates

The best way to receive the cheapest auto insurance for 20 year old guys in Indiana is to be a cautious driver and avoid accidents and violations. The diagram below shows how violations and at-fault claims can drive up auto insurance costs for each different age category. The costs are based on a married female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

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In the chart above, the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,121. Receive two speeding tickets and the average cost swells to $1,590, an increase of $469 each year. Now add in one accident along with the two speeding tickets and the yearly cost of auto insurance for 20 year old guys jumps again to an average of $2,061. That’s an increase of $940, or $78 per month, just for not being attentive to the road!

Who is cheaper: Geico, State Farm, Progressive, or Allstate?

If you’re looking for the best car insurance for young men, four companies to consider are Geico, State Farm, Progressive, and Allstate. When added together, they make up almost 50% of the car insurance market in the United States. They all have your normal coverages like liability, comprehensive, and collision, but each one offers a different combination of discounts, features, and options that add value to each policy. The following table ranks ratings for price, service, and claims, in additional to some of the optional coverages that are available for buyers.