Cheap Car Insurance for a 20 Year Old Male in Tennessee

Trying to buy reasonably-priced auto insurance is not most people’s favorite thing to do, and finding out which company quotes the most affordable insurance rates for 20 year old guys may require a bit more work. Policy prices should be much more than the average policy in Tennessee due to the potential for more claims related to offering coverage for young men, but reasonable coverage may be available if you compare enough rates. Each auto insurance company has their own unique process for establishing rates, so let’s begin by examining the most competitive insurance companies in Tennessee.

Lowest Insurance Price Quotes for Men Age 20

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Utica National normally has some of the best car insurance rates in Tennessee at around $767 a year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA also are some of the lowest-priced Tennessee auto insurance companies.

In the rate table above, if you currently have a policy with Auto-Owners and switched to Utica National, you could see a yearly price reduction of around $85. Customers with Cincinnati Insurance could save as much as $117 a year, and Penn National insureds might reduce prices by as much as $132 a year.

Understand that those estimates are averages for all types of insureds and vehicles and do not take into consideration a price increase for 20 year old guys. So the car insurance company that can offer you the lowest price may not even be shown in the above list. That illustrates why you need to get rate quotes using your own driver and vehicle profiles.

The vehicle you are insuring is one of the largest considerations that determines whether or not you can buy cheap auto insurance for 20 year old guys in Tennessee. Vehicles with economical engines, an excellent safety record, or low incidents of liability claims will cost much less to insure than fast, unsafe models. The table below outlines coverage rates for some of the most budget-friendly vehicles to buy coverage for.

Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in garaging location in Tennessee which can decrease or increase insurance rates greatly.

Based upon the table data, you can presume that cars like the Ford Escape, Hyundai Elantra, Honda Accord, Honda CR-V, and Hyundai Tucson are most likely going to be some of the more affordable vehicles to insure for young men. The price for car insurance will be more expensive just because there is more risk for 20 year old guys, but in general those particular models will most likely have the cheapest rates that you are likely to find.

Difference between full coverage and liability only rates

Finding cheap auto insurance for 20 year old guys in Tennessee is important to most vehicle owners, and a good way to pay less for insurance is to not pay for full coverage. The chart below shows the difference between car insurance costs with and without full coverage. The premium estimates are based on no claims, a clean driving record, $250 deductibles, single status, and no policy discounts are applied.

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If averaged out across all ages, comp and collision coverage costs an extra $1,521 per year more than just buying liability only. A very common question is if buying full coverage is worth the money. There is no exact formula for dropping full coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.

How to find low-cost car insurance for 20 year old guys

Lowering your rates is not difficult, and here are a few thrifty suggestions that can help drivers find the cheapest auto insurance.

• Increase deductibles to save money
• Drivers with good credit often pay less
• Avoid accidents and claims
• Be a safe driver
• Vehicles with good safety ratings are usually cheaper to insure
• Drop full coverage on older vehicles
• Compare rates once a year for cheaper prices

The last tip in the list is incredibly crucial, as was pointed out in the prior article. Car insurance rates in Tennessee can change considerably in a year, so drivers shouldn’t hesitate to buy from a new company if you find a cheaper price. Sticking with a specific company is fine, but it’s not a great idea if that dedication is costing hundreds every year. In just a couple of minutes you could shop around to find cheaper insurance for 20 year old guys.