Cheap Auto Insurance for a 20 Year Old Male in Washington

You’ve seen the catchy commercials from auto insurance companies like Allstate, State Farm, and GEICO that guarantee huge savings. So drivers should just pick the one with the catchiest commercial, right?

It’s not that easy, however, as there are a ton of unknown elements like if you are a man or woman, your credit score, if you have any prior insurance claims, and the safety features built into your vehicle, that all have an effect on the price of a policy. We are going to cover the best ways to save money and will hopefully give you a good beginning to your search for cheaper coverage.

Trying to buy cost effective insurance is hard enough, and finding out which companies offer the best auto insurance rates for 20 year old guys will require more quotes for comparison. Insurance rates will more than likely be significantly higher than the average policy in Washington attributed to the added risk that goes along with selling coverage for young men, but reasonable coverage may be attainable if you compare enough companies.

Each insurance company has a proprietary formula to set their prices, so let’s begin by examining the lowest cost auto insurance companies in Washington. It’s a good idea to know that Washington auto insurance rates are determined by lots of factors that will increase or decrease the price you have to pay. This is why Washington drivers need to compare rates when trying to get the most budget-friendly car insurance quotes for 20 year old guys. Insurance prices are impacted by many different factors and change dramatically, so the most affordable company when you bought your policy may now cost much more than other companies.

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Capital normally has some of the most affordable car insurance rates in Washington at around $777 a year. Grange, Nationwide, PEMCO, and Travelers are also some of the more affordable Washington car insurance companies.

In the above rates, if you are a customer of PEMCO and switched to Grange, you could see savings of approxmiately $152. Customers with Travelers might save as much as $176 a year, and Mutual Enumclaw customers might reduce rates by $232 a year.

These estimates are averaged for all drivers and vehicles and and are not calculated with a price increase for 20 year old guys. So the insurer that has the cheapest rates for you may not even be in the company chart above. That affirms the importance of why you need to compare prices as often as possible using your own individual information.

Performance level and cost of the vehicle to be insured is probably the biggest factor when quoting cheap auto insurance for 20 year old guys in Washington. Vehicles with higher performance, poor safety features, or high incidents of liability claims will cost quite a bit more to insure than more modest models.

The data below features car insurance rates for the most cost-effective vehicles to buy insurance for.

Data based on single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Washington minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can alter auto insurance rates greatly.

Data rating is based on single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Washington minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific garaging location which can change premiums noticeably.

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

When shopping for auto insurance for young men, one of the many components that auto insurance companies take into consideration when calculating auto insurance rates is where you live in Washington. More populated areas like Tacoma, Federal Way, and Renton tend to have more expensive car insurance rates, whereas more rural areas have the benefit of cheaper auto insurance prices.

The information below ranks the most expensive cities in Washington for 20 year old guys in which to purchase auto insurance.

Rate quotes are comparative as the specific geographic location can impact coverage prices greatly.

Discount Washington insurance

Insurance companies that sell cheap auto insurance for 20 year old guys in Washington may additionally offer special discounts that may potentially lower prices by as much as 35% or more if you are eligible for them. Companies and a summarized list of policyholder discounts are:

• Farm Bureau has savings for renewal discount, good student, 55 and retired, youthful driver, driver training, safe driver, and multi-vehicle.
• Liberty Mutual policyholders can earn discounts including teen driver discount, good student, new graduate, multi-policy, and safety features.
• State Farm has discounts for Steer Clear safe driver discount, accident-free, good student, driver’s education, and student away at school.
• Auto-Owners Insurance includes discounts for multiple vehicles, mature driver, multi-policy, paid in full, group or association, and safe driver.
• GEICO may include discounts for multi-vehicle, federal employee, membership and employees, air bags, anti-theft, multi-policy, and daytime running lights.
• SAFECO offers premium reductions for multi-car, teen safe driver, bundle discounts, homeowner, anti-lock brakes, and accident prevention training.

The illustration below shows the difference between yearly insurance costs with and without policy discounts. The costs are based on a female driver, a clean driving record, no at-fault accidents, Washington state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with vehicle safety, continuous coverage, anti-theft, good student, paperless filing, and paid-in-full discounts applied. When drivers qualify for the discounts, the average amount saved each year on auto insurance for 20 year old guys is 21% or $376.

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How much more does full coverage cost in Washington?

Finding cheap auto insurance for 20 year old guys in Washington is probably important to most vehicle owners, and a great way to buy cheaper insurance is to not buy full coverage. The information below illustrates the comparison of car insurance costs when comparing full coverage to liability only. The price estimates are based on no violations or accidents, $100 deductibles, single marital status, and no discounts are factored in.

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As an overall average, full coverage costs $2,266 per year over having just liability coverage. Many drivers will wonder if full coverage is worth the money. There is no definitive rule for excluding physical damage coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

There are some circumstances where only buying liability is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Geico, State Farm, Allstate, and Progressive compared

When it comes to buying auto insurance for young men in Washington, four companies you’ll want quotes from are Geico, State Farm, Allstate, and Progressive. Combined they have about 50% of all policies written in the United States. All of them have a unique set of features, discounts, and options that may affect your buying decision. The next table compares some of the different options and features shoppers can find with each company.