The words “low-priced” and “auto insurance” really should not be used together, especially when looking for the best coverage prices for 20 year old women. Because it’s not cheap, let’s take a look at a few of the things that can significantly affect auto insurance prices, and figure out some ideas to shave a little off the next policy you buy.
One of the many components that determine car insurance rates is where you choose to live. Areas with high crime rates or more dense population are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.
The illustration below ranks the highest-priced places in Hawaii for 20 year old women to purchase a policy in. Honolulu makes the list at #18 with an annual premium of $1,016 for the average insured, which is around $85 monthly.
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Premium costs are estimated as the specific Honolulu residence address can affect price quotes considerably.
The vehicle model to be insured is a large factor when looking for economical coverage for 20 year old women. Vehicles with higher performance, poor crash test ratings, or an increased likelihood of liability claims will cost significantly more to insure than more modest models.
The table below estimates car insurance prices for some of the most budget-friendly automobiles to insure.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,776|
|Honda CR-V EX-L 4WD||$1,802|
|Ford Escape Limited 4WD||$1,916|
|Volkswagen Jetta S 2.5 Station Wagon||$1,924|
|Dodge Grand Caravan SE||$1,992|
|Ford Edge SE AWD||$2,079|
|Honda Odyssey EX||$2,088|
|Chevrolet Malibu LS||$2,106|
|Jeep Grand Cherokee Laredo 2WD||$2,116|
|Toyota RAV4 Limited 4WD||$2,106|
|Chevrolet Impala LT||$2,115|
|Ford F-150 Lariat Super Cab 4WD||$2,132|
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Cost estimates assume single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in your specific Honolulu, HI location which can lower or raise price quotes significantly.
Based upon the table data, we can conclude that makes and models like the Honda Accord, Honda CR-V, and Ford Escape are going to be the most economical vehicles to insure for young women. The price of auto insurance will be more costly because of the fact that there is more risk for 20 year old women, but generally speaking those specific models will probably have the lowest prices compared to all other vehicles.
Trying to buy reasonably-priced auto insurance is not always easy, and figuring out which companies quote the lowest-priced car insurance rates for 20 year old women calls for even more rate comparisons. Every car insurance company has a proprietary method to establish rates, so first we will examine the car insurance companies that tend to be cheaper in Hawaii.
Find the Best Cheap Insurance for Women Age 20
|Rank||Company||Cost Per Year|
|7||First of Hawaii||$1,928|
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USAA generally has some of the most affordable car insurance rates in Honolulu at around $926 a year. State Farm, GEICO, Liberty Mutual, and Progressive also make the cut as some of the cheapest Honolulu, HI insurance companies.
As shown above, if you currently buy coverage from State Farm and switched to USAA, you may realize yearly savings of in the neighborhood of $150. Hawaii drivers with GEICO might save as much as $463 a year, and Liberty Mutual policyholders might realize rate reductions of up to $480 a year.
Remember that these estimates are averaged across all ages of drivers and types of vehicles and are not factoring in a vehicle location for 20 year old women. So the car insurance company that fits your needs best may not even be in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Honolulu car insurance companies
Selecting the right car insurance company is hard considering how many companies provide coverage in Hawaii. The ranking data in the lists below can help you pick which car insurance providers you want to consider when comparing auto insurance rates for 20 year old women. The ratings below are for the largest auto insurers in America, so smaller companies are not taken into consideration for this list.
Top 10 Large Auto Insurance Companies Overall in Honolulu
- American Family
- State Farm
- The Hartford
- AAA Insurance
- Liberty Mutual
Top 10 Large Auto Insurance Companies in Honolulu Ranked by A.M. Best Rating
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- AAA Insurance – A
- Liberty Mutual – A
Cost of full coverage in Honolulu
Paying less for car insurance is the goal of the majority of vehicle owners, and one of the quickest ways to pay less for insurance for 20 year old women is to not buy full coverage. The diagram below illustrates the difference between premium costs with full coverage compared to only the Hawaii minimum liability coverage. The information is based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are applied.
If we average the cost for ages 20 through 70, full coverage costs $1,671 per year over having just liability coverage. That brings up the question if buying full coverage is worth the money. There is no definitive formula to delete full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
The chart below illustrates how your deductible choice can increase or decrease insurance prices when getting quotes for cheap insurance for 20 year old women. The premiums are based on a single female driver, full coverage, and no discounts are applied.
In the chart above, a 30-year-old driver could save $326 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $490 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 category, could lower their rates as much as $730 every year by using higher deductibles when buying full coverage.
If you make the decision to raise deductibles, it is important to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
If you aren’t clear which coverage you need and would like to get some professional input when shopping for the best coverage for 20 year old women, the agents below are willing to help you determine which insurance coverage you need.
To locate a Honolulu car insurance agency in your neighborhood, click the button below the list or click here to compare price quotes.
1440 Kapiolani Blvd # 950 – Honolulu, HI 96814 – (808) 942-5353
Allstate Insurance: Bradley Maruyama
800 S Beretania St Ste 260 – Honolulu, HI 96813 – (808) 591-8016
Herb Fujikawa – State Farm Insurance Agent
3538 Waialae Ave #205 – Honolulu, HI 96816 – (808) 732-1076
Farmers Insurance Hawaii
Six Waterfront Plaza 3rd Floor, 500 Ala Moana Blvd – Honolulu, HI 96813 – (808) 533-2444
Ideas for finding low-cost auto insurance for 20 year old women
Here are some thrifty suggestions that can help you get lower-cost car insurance.
- Better credit scores save money
- If possible, do not file small claims
- Accident-free drivers may qualify for discounts
- Safe vehicles generally have lower rates
- Violations like speeding or DUI increase rates
- Keep rates low by shopping around frequently
That last piece of advice is extraordinarily valuable, as was affirmed in the article above. Car insurance prices vary greatly, so don’t be tentative to change insurance companies if a better deal can be had. Brand loyalty is not necessarily bad, but it’s not a great idea if that faithfulness ends up costing you a lot of money every month. It only takes a couple minutes to compare rates to find cheaper insurance for 20 year old women in Honolulu.