Cheapest Auto Insurance for a 20 Year Old Male in Arkansas

One of the many things that is looked at to determine the amount you pay for auto insurance is your zip code. Cities with larger populations or higher claims like El Dorado, Hot Springs, and Bryant will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.

The next table sorts the most expensive cities in Arkansas for 20 year old guys to buy an auto insurance policy in.

Rate quotes are estimated as the specific area where the vehicle is garaged can alter prices considerably.

The type of vehicle that is being insured is one of the biggest factors when shopping around for cheaper car insurance for 20 year old guys. Vehicles with reasonable performance levels, excellent safety ratings, or a low likelihood of having liability claims will cost less to insure than higher performance models. The next table illustrates insurance premiums for the more afforable automobiles to insure in Arkansas.

Data rating is based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arkansas minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in vehicle garaging location which can modify coverage prices substantially.

Based upon the table data, you can see that vehicles like the Honda CR-V, Honda Accord, Ford Escape, and Chevrolet Traverse will definitely be a few of the most economical vehicles to insure for young men. Prices will be more costly just due to the fact that there is more claim risk for 20 year old guys, but overall those vehicles will most likely have the cheapest car insurance rates compared to all other vehicles.

Deciding which company has the most affordable car insurance rates for 20 year old guys takes a little more sweat than just getting one or two price quotes. Every insurance provider has their own process for determining rates in each state, so let’s take a look at the most budget-friendly car insurance companies in Arkansas.

It’s important to know that Arkansas car insurance rates are impacted by many factors which can substantially decrease or increase the price you pay for coverage. Getting older, buying a different home, or getting into an accident may prompt premium changes that can make some companies cheaper than competitors.

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USAA may have some of the most affordable car insurance rates in Arkansas at around $1,011 annually. Auto Club, Travelers, Southern Farm Bureau, and State Farm would also make the list of some of the more affordable Arkansas auto insurance companies.

As depicted above, if you buy coverage from Southern Farm Bureau and switched to Auto Club, you could see a yearly savings of about $143. Policyholders with State Farm may save as much as $178 a year, and Safeco insureds might lower prices by up to $232 a year.

To find the cheapest car insurance for 20 year old guys in Arkansas for your vehicle, click here to begin a quote or visit several of the following companies.

These policy rates are averages across all insureds and vehicles and and are not calculated with a rate surcharge for 20 year old guys. So the car insurance company that has the lowest price for you may not even be featured in the list above. That points out the importance of why you need to get quotes using your own specific driver information and vehicle.

Violations and accidents raise rates

The easiest way to earn the most affordable car insurance prices for young men is to pay attention while driving and not get tickets or have accidents. The chart below highlights how traffic violations and at-fault claims can raise car insurance rates for different age groups. The rates are based on a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.

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In the example above, the average cost of auto insurance in Arkansas per year with a clean driving record and no accidents is $1,814. Receive one speeding ticket and the average cost rises to $2,089, an increase of $275 each year. Now add in one accident along with the one speeding ticket and the 12-month cost of car insurance for 20 year old guys goes up to an average of $2,854. That’s an increase of $1,040, or $87 per month, just for not driving carefully!

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

If you are shopping around for car insurance for young men in Arkansas, the companies that insure more vehicles than anyone else are State Farm, Progressive, Geico, and Allstate. The data below breaks down some of the different features that are available from each company.