The car, truck, or SUV you are buying coverage for is probably the biggest factor that determines the availability of affordable auto insurance for 20 year old guys. Vehicles with lower performance, a great safety record, or low incidents of liability claims will cost much less to insure than higher performance models. The next list showcases insurance premiums for the most economical automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$2,167|
|Honda CR-V EX 4WD||$2,198|
|Honda Accord EX-L 4-Dr Sedan||$2,359|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$2,381|
|Ford Edge SE 2WD||$2,391|
|Ford F-150 STX Super Cab 2WD||$2,381|
|Ford Explorer XLT AWD||$2,412|
|Dodge Grand Caravan CV||$2,419|
|Toyota Tacoma 2WD||$2,542|
|Ford Focus S 4-Dr Sedan||$2,551|
|Chevrolet Silverado LS Regular Cab 2WD||$2,567|
|Jeep Grand Cherokee Laredo 4WD||$2,573|
|Chevrolet Malibu LS||$2,580|
|Volkswagen Jetta S 4-Dr Sedan||$2,573|
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Table data represents single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in specific location which can lower or raise rates noticeably.
Looking at the data, cars like the Ford Escape, Honda CR-V, and Honda Accord are going to be the cheaper vehicles to insure for young men. Auto insurance rates will be more costly because there is more claim risk for 20 year old guys, but in general those makes and models will most likely have the least expensive rates compared to other vehicles.
Trying to buy reasonably-priced car insurance is hard enough, and figuring out which companies have the best auto insurance rates for 20 year old guys will take additional perseverance.
Each insurance company uses different criteria for setting prices, so first let’s look at the rankings for the auto insurance companies that tend to be cheaper in Honolulu.
Find Cheaper Car Insurance for Men Age 20
|Rank||Company||Cost Per Year|
|7||First of Hawaii||$1,928|
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USAA may have some of the best car insurance rates in Honolulu at around $926 annually. State Farm, GEICO, Liberty Mutual, and Progressive are also some of the most economical Honolulu, HI auto insurance companies.
As the rates illustrate above, if you buy coverage from Liberty Mutual and switched to USAA, you could earn savings of in the neighborhood of $523. Drivers with Progressive could save as much as $698 a year, and Allstate insureds might see rate reductions of $980 a year.
It’s important to note that these premiums are averaged across all drivers and vehicles and do not factor in a specific location for 20 year old guys. So the auto insurance company that can offer you the lowest price may not even be in the list above. That point stresses why you need to quote rates from many companies using your own driver information and specific vehicle type.
One of the many things that are looked at to determine car insurance rates is where you call home in Honolulu. Areas with increased crime or more people tend to have more expensive car insurance rates, whereas areas with less congestion can boast about having cheaper rates.
The next table lists the highest-priced places in Hawaii for 20 year old guys to buy car insurance in. Honolulu is listed at #11 costing $1,036 for the average insured, which is about $86 monthly.
|Rank||City||Average Per Year|
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Prices are estimated as vehicle location can influence premium rates considerably.
How to get discounts on Honolulu auto insurance rates
Insurance companies that offer quotes for 20 year old guys may additionally offer special discounts that may potentially lower prices by as much as 35% if you are eligible to receive them. A few popular companies and some of their more popular discounts are shown below.
- State Farm policyholders can earn discounts including Drive Safe & Save, student away at school, passive restraint, multiple autos, good student, accident-free, and safe vehicle.
- Farmers Insurance offers premium reductions for alternative fuel, early shopping, bundle discounts, teen driver, switch companies, and electronic funds transfer.
- GEICO may include discounts for federal employee, air bags, seat belt use, good student, and daytime running lights.
- American Family includes discounts for multi-vehicle, mySafetyValet, defensive driver, accident-free, good student, and early bird.
- Nationwide discounts include defensive driving, accident-free, business or organization, multi-policy, anti-theft, family plan, and Farm Bureau membership.
- Progressive offers discounts for multi-vehicle, online quote discount, good student, online signing, multi-policy, continuous coverage, and homeowner.
The illustration below illustrates the comparison of insurance costs with and without some available policy discounts. The prices are based on a female driver, no violations or accidents, Hawaii state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with paperless filing, paid-in-full, continuous coverage, passive restraint, vehicle safety, and good student discounts applied. When drivers take advantage of discounts, theaverage amount saved on auto insurance for 20 year old guys is 21% or $375.
Insuring your vehicle with a high-quality insurance company can be rather challenging considering how many companies provide coverage in Hawaii. The rank data in the lists below may help you decide which car insurance providers you want to consider when trying to find cheaper insurance for 20 year old guys. The rankings below are for companies that insure vehicles across America, so smaller companies that only insure vehicles in Hawaii will not be included in this list.
Top 10 Major Auto Insurance Companies Overall in Honolulu
- American Family
- State Farm
- The Hartford
- AAA Insurance
- Liberty Mutual
Impact of careless driving on Honolulu auto insurance rates
The recommended way to maintain the most affordable auto insurance rates in Honolulu for young men is to drive safely and not get tickets or have accidents. The diagram below shows how traffic citations and at-fault fender-benders can impact insurance costs for each age group. The costs are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.
In the previous chart, the average cost of auto insurance per year with no accidents and a clean driving record is $1,031. Factor in two speeding tickets and the average cost increases to $1,414, an increase of $383 each year. Then throw in one accident along with the two speeding tickets and the 12-month cost of auto insurance for 20 year old guys jumps again to an average of $1,803. That’s an increase of $773, or $64 per month, just for not driving responsibly!
Tips for buying low-cost car insurance for 20 year old guys
The list below shows some of the better thrifty ideas that can help you get lower-cost auto insurance.
- Do not get tickets or violations
- Older vehicles may not need full coverage
- Raise deductibles to save money
- If possible, pay for small claims out-of-pocket
- Accident-free drivers may qualify for discounts
- Compare rate quotes often
That last idea is incredibly important, as was discussed in the article above. Coverage rates in Honolulu can change significantly in a year, so don’t be unwilling to buy a policy from a new company if you can find a cheaper rate.
Having brand loyalty is commendable, but it isn’t a good idea if that loyalty ends up costing a lot of money every month. Take a couple minutes and compare rates to find cheaper auto insurance for 20 year old guys.