The make and model of vehicle needing coverage is one of the primary factors that determines if you can find economical car insurance for 20 year old guys. Vehicles with lots of horsepower, poor crash test ratings, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models.
The next table showcases auto insurance prices for the cheaper automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $2,384 |
| Honda CR-V EX 2WD | $2,394 |
| Ford Escape XLT 4WD | $2,418 |
| Toyota Prius | $2,632 |
| Chevrolet Impala LS | $2,795 |
| Chevrolet Equinox LT 2WD | $2,829 |
| Toyota RAV4 Limited 4WD | $2,839 |
| Jeep Grand Cherokee Laredo 4WD | $2,829 |
| Dodge Grand Caravan Hero | $2,834 |
| Toyota Tacoma Double Cab 4WD | $2,829 |
| Chevrolet Malibu LS | $2,839 |
| Volkswagen Jetta LE 4-Dr Sedan | $2,829 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $2,864 |
| Ford F-150 Lariat Crew Cab 4WD | $2,866 |
| Ford Explorer Eddie Bauer 4WD | $2,871 |
| Honda Civic LX 4-Dr Sedan | $2,972 |
| Ford Focus SES 4-Dr Sedan | $2,979 |
| Honda Odyssey EX-L | $3,006 |
| Toyota Camry SE | $3,011 |
| Hyundai Elantra GLS 4-Dr Sedan | $3,006 |
| Ford Edge Sport AWD | $3,014 |
| Nissan Rogue SL 2WD | $3,030 |
| Toyota Corolla XRS | $3,043 |
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Data based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in garaging location in Plano, TX which can raise or lower prices substantially.
Based upon the rates shown, we can conclude that models like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius are most likely to be some of the most economical vehicles to insure for young men. Auto insurance rates will tend to be more expensive anyway just due to the fact that there is more liability exposure for 20 year old guys, but overall those models will most likely have the lowest insurance prices that you are likely to find.
For young men, one of the largest factors that determine insurance cost is where you keep your car in Plano. Areas with more people or higher crime rates are more likely to have higher rates, whereas areas that tend to be more rural can boast about having cheaper rates.
The next table shows the highest-priced places in Texas for 20 year old guys to buy car insurance in. Plano ranks #18 with an annual rate of $1,624 on average, which is approximately $135 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | McAllen | $1,956 |
| 2 | Brownsville | $1,927 |
| 3 | Houston | $1,853 |
| 4 | Laredo | $1,851 |
| 5 | Dallas | $1,837 |
| 6 | Pasadena | $1,812 |
| 7 | Amarillo | $1,786 |
| 8 | Garland | $1,778 |
| 9 | Grand Prairie | $1,757 |
| 10 | Beaumont | $1,754 |
| 11 | Mesquite | $1,753 |
| 12 | Irving | $1,736 |
| 13 | San Antonio | $1,688 |
| 14 | Lubbock | $1,665 |
| 15 | Carrollton | $1,664 |
| 16 | Arlington | $1,642 |
| 17 | McKinney | $1,625 |
| 18 | Plano | $1,624 |
| 19 | Austin | $1,610 |
| 20 | Fort Worth | $1,604 |
| 21 | Corpus Christi | $1,588 |
| 22 | El Paso | $1,568 |
| 23 | Abilene | $1,545 |
| 24 | Waco | $1,537 |
| 25 | Killeen | $1,473 |
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Annual rates are approximated as specific Plano zip code can modify price quotes considerably.
Finding the highest-rated auto insurance provider can be challenging considering how many companies sell coverage in Plano. The company information in the lists below can help you select which insurers to look at purchasing from. The rankings below are for insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure are not taken into consideration for this list.
Top 10 Large Auto Insurers in Plano Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Top 10 Large Auto Insurers in Plano Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Discounts on Plano insurance rates
Insurers that offer cheap quotes for 20 year old guys may additionally offer policy discounts that could potentially reduce rates by 25% or more if you are eligible. Larger insurance companies and some of the premium reductions they offer are included below.
- State Farm offers discounts including passive restraint, multiple autos, driver’s education, multiple policy, accident-free, Drive Safe & Save, and Steer Clear safe driver discount.
- GEICO offers premium reductions for military active duty, anti-lock brakes, five-year accident-free, anti-theft, and air bags.
- Progressive may have discounts that include multi-vehicle, online quote discount, continuous coverage, homeowner, good student, online signing, and multi-policy.
- 21st Century may offer discounts for homeowners, student driver, automatic seat belts, defensive driver, driver training, air bags, and teen driver.
- American Family discounts include good driver, accident-free, early bird, air bags, mySafetyValet, multi-vehicle, and Steer into Savings.
- The Hartford may include discounts for anti-theft, defensive driver, air bag, good student, driver training, and vehicle fuel type.
- AAA has savings for anti-theft, good driver, multi-car, pay-in-full, AAA membership discount, and education and occupation.
The illustration below illustrates the comparison of insurance premiums with and without discounts applied to the policy premium. The premiums are based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with continuous coverage, paid-in-full, good student, passive restraint, paperless filing, and vehicle safety discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on insurance for 20 year old guys is 19% or $410.
How to find economical car insurance for 20 year old guys
Lowering your rates is not difficult, and here are a few penny-pinching solutions that can help you quote cheap car insurance.
- Do not get into accidents that are your fault
- Safe vehicles generally have lower rates
- Clean up your credit
- Higher comprehensive and collision coverage deductibles will save money
- Do not get tickets
- Shop your coverage around for the best deal
The last tip is notably vital, as we stressed in this article. Auto insurance prices can change considerably in a year, so you should be ready to switch carriers if a lower-cost policy is available. Brand loyalty is great, but we do not recommend it if that inflexibility results in costing you a fortune every year. Now is a great time to compare prices to find cheaper auto insurance for 20 year old guys in Plano.