Who Has the Cheapest Auto Insurance Quotes for a 20 Year Old Male in Michigan?

The vehicle model you are trying to insure is a large consideration when comparing quotes for the cheapest auto insurance for 20 year old guys in Michigan. Vehicles with lower performance, good crash test ratings, or a track record of few liability claims will cost quite a bit less to insure than adrenaline junky models.

The next table ranks car insurance premiums for a handful of the most cost-effective automobiles to insure in Michigan.

Price data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Michigan minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in Michigan location which can alter price quotes significantly.

By looking at the data, we can assume that models like the Ford Escape, Honda CR-V, and Chevrolet Traverse will definitely be a few of the less-costly vehicles to insure for young men. Car insurance rates will be more costly because there is more exposure for 20 year old guys, but in general those specific models will have the cheapest car insurance rates compared to other vehicles.

When shopping for insurance for young men, one of the many factors that control the cost of insurance is where you normally keep your vehicle in Michigan. Larger areas like Detroit, Southfield, and Warren tend to have higher auto insurance costs, whereas more rural areas generally have lower rates.

The table below sorts the priciest cities in Michigan for 20 year old guys to buy an auto insurance policy in.

Price information shown is estimated as the vehicle garaging location can increase or decrease rates significantly.

Shopping around for low-cost insurance is tough enough, and figuring out which companies have the lowest-priced insurance rates for 20 year old guys will involve even more shopping around. Policy prices will probably be significantly more expensive than the average price in Michigan because of the higher likelihood of claims associated with offering insurance for young men, but affordable insurance may be possible if you are thorough. Each insurance company uses their own method to set their prices, so let’s take a look at the insurance companies with the overall best prices in Michigan.

Best Cheap Insurance Rates for Men Age 20

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USAA may offer some of the best car insurance rates in Michigan at around $949 annually. GEICO, Safeco, MetLife, and Chubb would also be considered some of the best Michigan car insurance companies.

As shown above, if you buy coverage from Safeco and switched to USAA, you could realize an annual premium reduction of upwards of $88. Insureds with MetLife might save as much as $415 a year, and Chubb customers might cut rates by $423 a year.

Understand that those estimates are averages for all types of drivers and the different vehicles they drive and do not take into consideration a price surcharge for 20 year old guys. So the company that can offer the best rates for your situation may not even be in the chart above. That points out the importance of why you need to compare as many prices as possible using your own personal information and vehicle type.

The example below demonstrates how deductible levels can change premium costs when quoting cheap insurance for 20 year old guys. The premium estimates are based on a married male driver, full coverage, and no discounts are applied to the premium.

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In the chart above, a 30-year-old driver could reduce rates by $534 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $808 by using a $1,000 deductible. Youthful drivers, such as the Age 20 example, can save up to $1,602 annually by choosing larger deductibles on their policy. If you do decide to increase your deductibles, it will be important to have plenty of money set aside to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Buying coverage from the best insurer can be difficult considering how many companies there are in Michigan. The company ratings displayed below may help you analyze which auto insurers you want to consider when trying to find the cheapest insurance for 20 year old guys.

These rankings are for the companies with a significant amount of written premium nationwide, so companies that may only write in Michigan are not factored into the list. To compare prices and find the cheapest rates for 20 year old guys, just click here.

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

The list below details some of the recommended penny-pinching solutions that can help you find cheaper coverage.

• Do not get traffic citations
• Drop full coverage on older vehicles
• Buying car and homeowners insurance together can save money
• Accident-free drivers may qualify for discounts
• Earn a discount by not filing claims
• Lower rates by purchasing a safer vehicle
• Shop around once a year for cheaper rates

That final tip is certainly necessary, as was noted in the prior article. Prices charged by companies change frequently, so drivers shouldn’t be resistant to buy from a different company if a cheaper rate is available.

Staying with the same company for years is fine, but it isn’t a good idea if that devotedness results in you overpaying a wad of cash every year. Now is a great time to compare prices to find cheaper insurance for 20 year old guys.