The type of vehicle you are insuring is one of the primary factors when comparing the lowest-priced coverage for 20 year old guys. Vehicles with more horsepower, a lack of modern safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer models.
The information below ranks insurance costs for a number of the most affordable automobiles to insure in Ohio.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$3,204|
|Honda CR-V LX 4WD||$3,213|
|Ford Escape Limited 4WD||$3,489|
|Ford F-150 XLT Crew Cab 2WD||$3,564|
|Ford Edge SEL AWD||$3,755|
|Toyota Camry LE||$3,803|
|Toyota RAV4 4WD||$3,811|
|GMC Sierra SLE Crew Cab 2WD||$3,803|
|Dodge Ram Quad Cab ST 2WD||$3,835|
|Dodge Grand Caravan Crew||$3,850|
|Ford Explorer Limited 4WD||$3,856|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$3,850|
|Hyundai Elantra SE 4-Dr Sedan||$4,041|
|Chevrolet Impala LTZ||$4,048|
|Toyota Corolla XLE||$4,041|
|Honda Odyssey EX-L W/Rear Entertainment||$4,046|
|Nissan Altima 2.5 S 4-Dr Sedan||$4,041|
|Chevrolet Silverado LT Regular Cab 2WD||$4,073|
|Hyundai Sonata GLS 4-Dr Sedan||$4,081|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$4,088|
|Jeep Grand Cherokee Limited 2WD||$4,097|
|Chevrolet Malibu LTZ||$4,088|
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Above prices assume single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in zip code location which can lower or raise coverage prices significantly.
By looking at the data, we can expect cars like the Honda Accord, Honda CR-V, Ford Escape, Toyota Prius, and Ford F-150 will be some of the less-costly vehicles to insure for young men. Prices will be more expensive because there is a higher risk for 20 year old guys, but generally speaking those makes and models will have the best rates available.
Finding decent, cheap auto insurance is confusing at best, and determining which company offers the lowest-priced car insurance rates for 20 year old guys will require even more perseverance. Every insurance company uses their own method for filing rates in each state, so to begin we’ll rank the car insurance companies that tend to be cheaper in Cleveland, OH.
It’s important to know that Cleveland, OH car insurance rates are based on many factors that can increase the cost of having a policy. Getting older, buying a newer car, or getting a driving violation may prompt premium changes that may make certain companies much higher than others.
Find the Cheapest Auto Insurance for Men Age 20
|Rank||Company||Cost Per Year|
|8||Merchants Insurance Group||$778|
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Utica National generally has some of the cheapest car insurance rates in Cleveland at around $628 each year. Erie, Allied, Frankenmuth, and Travelers are also some of the best Cleveland, OH auto insurance companies.
In the rate table above, if you currently buy coverage from Erie and switched to Utica National, you might realize annual savings of about $33. Ohio drivers with Allied may save as much as $41 a year, and Frankenmuth policyholders might see rate reductions of $59 a year.
To see if your current coverage is too expensive, click here to get a free quote or visit several of the following companies.
It’s important to note that these prices are averages across all types of insureds and vehicles and do not factor in an exact zip code location for 20 year old guys. So the auto insurance company that is best suited for you may not even be in the top 33 companies in the list above. That affirms the importance of why you need to get auto insurance quotes using your own driver information and specific vehicle type.
Which car insurance company is best in Cleveland?
Picking the best auto insurance company can be difficult considering how many different companies sell coverage in Ohio. The ranking data in the lists below could help you pick which car insurance companies to look at purchasing a policy from.
These rankings are only made up of the largest companies in America, so companies that only write business in Ohio or surrounding areas are not taken into consideration for the list. To compare prices from these and other competitive companies, follow this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Violations and accidents raise rates
One of the best ways to receive good car insurance premiums in Cleveland for young men is to drive safely and not get tickets or have accidents. The chart below shows how speeding tickets and fender-benders can impact insurance prices for different age groups of insureds. The information is based on a married male driver, full coverage, $100 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of auto insurance in Cleveland per year with a clean driving record and no accidents is $1,493. Factor in one speeding ticket and the average cost surges to $1,714, an increase of $221 each year. Then add in two accidents along with the one speeding ticket and the annual cost of car insurance for 20 year old guys increases to an average of $3,579. That’s an increase of $2,086, or $174 per month, just for being a little careless behind the wheel!
How to find the cheapest auto insurance for 20 year old guys
It’s not impossible to find cheaper rates, and here are some penny-pinching solutions that can help Ohio drivers buy cheaper auto insurance.
- Save money by obeying traffic laws and keeping a clean driving record
- Try to pay small claims out-of-pocket
- Drivers with good credit ratings often pay less
- Buying home and auto together can help save money
- At-fault accidents will increase rates
- Increase your deductibles
- Compare rate quotes often
The last tip is remarkably valuable, as we noted in the prior information. Auto insurance rates in Cleveland go up and down frequently, so drivers shouldn’t be reluctant to switch carriers if you can find a cheaper rate. Having brand loyalty is commendable, but is isn’t recommended if that loyalty results in overpaying hundreds every year. It only take a few minutes to shop around to find cheaper insurance for 20 year old guys.
If you aren’t sure which coverage you need and prefer to get some professional input when comparing insurance rates for young men, the agents shown below are willing to answer your questions and help you decide which insurance coverage will be best for you.
To locate an agency in your neighborhood, click the button link following the list.
Phil Pavarini Insurance Agent * InsureCLE.com
2012 W 25th St #501 – Cleveland, OH 44113 – (216) 374-4500
Coventry Insurance Agency
230 W Huron Rd – Cleveland, OH 44113 – (216) 307-3611
Franklin Myles – State Farm Insurance Agent
3970 Mayfield Rd – Cleveland Heights, OH 44121 – (216) 291-9892