Who Has the Cheapest Car Insurance for a 20 Year Old Male in Florida?

Wouldn’t it be great if we knew the exact company that has the lowest car insurance rates for 20 year old guys? It’s just not that easy, however, as there are a lot of unknown factors such as whether you are married, where your residence is in Florida, and how safe your vehicle is. The content below will cover the best ways to avoid high prices and will hopefully give the reader a jump start in finding the best auto insurance in Florida.

When shopping for the cheapest auto insurance for young men, one of the many things that is used to help calculate the amount you pay each year for auto insurance is where you live in Florida. Densely populated urban areas like Hialeah, Miami, and Miramar tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.

The following table ranks the most expensive areas in Florida for 20 year old guys in which to purchase auto insurance.

Rates are approximated as the garaging address in Florida can modify auto insurance rates substantially.

Trying to buy reasonably-priced auto insurance is hard enough, and determining which companies have the best auto insurance rates for 20 year old guys will require a bit more work. Insurance rates will most likely be significantly pricier than the state average, with the extra cost attributed to the posibility of more claims that comes with selling coverage for young men, but reasonably-priced insurance may be possible if you thoroughly shop around.

Every car insurance company uses their own formula for determining rates in each state, so to begin we’ll rank the most affordable auto insurance companies in Florida. It’s important that you understand Florida auto insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay. Simply turning a year older, having a claim, or getting a reckless driving citation can trigger changes in premium resulting in some rates now being more expensive than others.

Find the Best Cheap Insurance for Men Age 20

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USAA may have some of the cheapest car insurance rates in Florida at around $986 a year. Amica, Electric, Progressive, and Travelers are also some of the best Florida insurance companies.

In the above rates, if you have coverage with Amica and switched to USAA, you might achieve a yearly price reduction of in the vicinity of $726. Drivers with Electric could save as much as $778 a year, and Progressive insureds might reduce rates by $789 a year.

To find out how much you can save, click here to start your free quote or click through to the companies below.

Be aware that those premiums are averaged across all ages of drivers and types of vehicles and do not factor in a rate surcharge for 20 year old guys. So the car insurance company that has the lowest price for you may not even be in the company chart above. That emphasizes why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.

We all have different tastes in cars, and the vehicle you are trying to insure is a large consideration when consumers are trying to find the cheapest auto insurance for 20 year old guys in Florida. Vehicles with lower performance, excellent safety ratings, or a positive history of liability claims will cost significantly less to insure than high performance models. The lists below ranks coverage prices for a handful of the most budget-friendly vehicles to insure in Florida.

Data rating is based on single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in vehicle garaging location which can change premiums considerably.

Premium data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in zip code location which can lower or raise coverage prices greatly.

Price data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific location which can influence coverage rates significantly.

How accidents and tickets impact rates

In a perfect world, the best way to obtain the cheapest auto insurance for 20 year old guys in Florida is to drive safely and avoid accidents and traffic violations. The example below demonstrates how traffic citations and accident claims can raise insurance rates for each age group. The data assumes a married female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

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The data above shows the average cost of a car insurance policy per year with no accidents or violations is $1,686. Add in two speeding tickets and the average cost rises to $2,396, an increase of $710 each year. Now add two accidents along with the two speeding tickets and the yearly cost of auto insurance for 20 year old guys goes up to an average of $5,016. That’s an increase of $3,329, or $277 per month, just for being a little careless behind the wheel!

Discount Florida insurance

Insurers that sell the cheapest auto insurance for 20 year old guys in Florida may also offer policy discounts that could lower prices by as much as 30% if you are eligible. A list of companies and a partial list of their discounts are outlined below.

• Farmers Insurance may include discounts for business and professional, multi-car, electronic funds transfer, pay in full, youthful driver, homeowner, and mature driver.
• State Farm may offer discounts for passive restraint, Drive Safe & Save, good driver, defensive driving training, and Steer Clear safe driver discount.
• Liberty Mutual includes discounts for safety features, multi-car, new vehicle discount, new move discount, exclusive group savings, and newly retired.
• MetLife has discounts for claim-free, good driver, good student, accident-free, and defensive driver.
• Progressive offers discounts including online signing, homeowner, continuous coverage, online quote discount, and multi-policy.

The diagram below shows the difference between insurance prices with and without discounts. The premium estimates are based on a male driver, no accidents, no driving violations, Florida state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paid-in-full, vehicle safety, paperless filing, anti-theft, continuous coverage, and passive restraint discounts applied. When taking advantage of discounts, the the average yearly reduction on auto insurance for 20 year old guys is 19% or $449.

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

When shopping for auto insurance for young men in Florida, the top insurers to get price quotes from are Geico, State Farm, Progressive, and Allstate. Combined they insure about 50% of the entire U.S. auto insurance market. All of them offer physical damage and liability coverage, but each has unique coverages that may steer you one way or another. The next table compares some of the ratings and options that are available for buyers.