One of the many considerations that determine the amount you pay each year for auto insurance is where you keep your vehicle in Dallas. Regions with larger populations or more claims are more likely to pay higher prices, whereas areas with less congestion profit from lower rates.
The following table rates the highest-priced places in Texas for 20 year old guys to purchase a policy in. Dallas comes in at #3 with the yearly price of $1,855 on average, which is about $155 each month.
|Rank||City||Average Per Year|
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Information shown are approximated as the garaging address in Dallas can impact prices greatly.
The type of vehicle requiring insurance is one of the largest factors when shopping for the lowest-priced auto insurance for 20 year old guys. Vehicles with high performance engines, poor safety features, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models. The data below showcases coverage premiums for the cheapest automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$3,109|
|Ford Escape XLS 4WD||$3,118|
|Honda CR-V EX-L 2WD||$3,153|
|Hyundai Elantra SE Touring Station Wagon||$3,383|
|Volkswagen Jetta S 2.5 Station Wagon||$3,388|
|Dodge Grand Caravan CV||$3,459|
|Ford Focus SE 4-Dr Sedan||$3,644|
|Chevrolet Impala LT||$3,689|
|Nissan Altima 2.5 4-Dr Sedan||$3,697|
|Chevrolet Equinox LT 2WD||$3,689|
|Toyota RAV4 4WD||$3,697|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$3,691|
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Above prices assume single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in specific Dallas, TX garaging location which can lower or raise insurance rates significantly.
Looking at the data, we can tell that makes and models like the Honda Accord, Ford Escape, Honda CR-V, and Hyundai Elantra are likely to be the most budget-friendly vehicles to insure for young men. The price for an auto insurance policy will tend to be more expensive because there is more exposure for 20 year old guys, but generally speaking those specific models will probably have the best rates available.
Trying to buy cheap auto insurance is confusing at best, and figuring out which company quotes the cheapest car insurance rates for 20 year old guys will involve even more perseverance.
Each insurance company uses their own formula for establishing rates, so let’s take a look at the overall cheapest car insurance companies in Dallas. It’s important that you understand Dallas car insurance rates are influenced by many factors which can significantly increase or decrease the price of coverage. That is why consumers need to take the time to perform an extensive rate comparison to find the most affordable auto insurance rates for 20 year old guys. Prices are made up of many risk factors and change frequently, so the cheapest option the last time you checked may now be priced much higher than other options.
Best Car Insurance Prices for Men Age 20
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
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Travelers offers some of the cheapest car insurance rates in Dallas at around $1,021 each year. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty would also be considered some of the most economical Dallas, TX insurance companies.
As shown in the table above, if you have coverage with USAA and switched to Travelers, you could realize savings of in the vicinity of $74. Customers with Texas Farm Bureau may save as much as $178 a year, and Germania Mutual insureds might lower prices by $273 a year.
To get a quick, customized rate comparison, click here to begin a quote or click several companies below for low rates.
Understand that those premiums are averages across all types of insureds and vehicles and are not factoring in a specific location for 20 year old guys. So the auto insurance company that has the lowest price for you may not even be in the top 23 companies shown above. That is why you need to compare prices as often as possible using your own driver data and vehicle information.
Get discount Dallas car insurance
Insurance companies that offer coverage for 20 year old guys may additionally offer discounts that may potentially lower prices by as much as 25% or more if you qualify. A few of the larger companies and their offered discounts are:
- 21st Century discounts include automatic seat belts, theft prevention, early bird, student driver, anti-lock brakes, homeowners, and air bags.
- Progressive includes discounts for good student, homeowner, online signing, online quote discount, multi-policy, multi-vehicle, and continuous coverage.
- State Farm policyholders can earn discounts including driver’s education, passive restraint, safe vehicle, good driver, multiple autos, Steer Clear safe driver discount, and student away at school.
- Nationwide offers discounts for defensive driving, family plan, multi-policy, accident-free, anti-theft, and easy pay.
- Esurance has savings for online shopper, Pac-12 alumni, emergency road assistance, multi-policy, and renters.
- The Hartford may have discounts that include air bag, bundle, driver training, defensive driver, and vehicle fuel type.
The diagram below shows the comparison of premium costs with and without discounts applied to the policy premium. The price estimates are based on a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with paperless filing, paid-in-full, vehicle safety, good student, anti-theft, and continuous coverage discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for 20 year old guys is 19% or $363.
How much more does full coverage cost in Dallas?
Lowering the price of car insurance should be important to most drivers, and one common way to pay lower rates for insurance for 20 year old guys is to not buy comprehensive and collision coverage. The illustration below shows the comparison of car insurance costs with full physical damage coverage and with liability coverage only. The data assumes no claims or driving citations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
As an average for all age groups, physical damage coverage costs an extra $1,598 per year more than just buying liability insurance. That amount may make you wonder if buying full coverage is worth the expense. There is no definitive rule to eliminate full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
Ideas to find economical insurance for 20 year old guys
The list below shows some of the recommended thrifty suggestions that can help drivers find cheap car insurance.
- At-fault accidents can raise rates significantly
- Buy your auto and home insurance from the same company and save
- Higher credit ratings may save you money
- Do not get traffic violations
- Having too many claims will increase rates substantially
- Raise deductibles
- Shop around once a year for cheaper rates
The last idea is notably valuable, as we hit on in the article above. Coverage rates in Dallas can change considerably in a year, so don’t be afraid to switch to a new company if a cheaper price is available.
Having a favorite company is fine, but it’s not recommended if that faithfulness ends up costing you a small fortune year after year. In just a couple of minutes you could compare prices and find cheaper insurance for 20 year old guys.
The agencies below can help you determine which auto insurance coverages would be the best in your situation, since many consumers aren’t sure which coverage to buy and prefer to have a little guidance when trying to find the best insurance rates for young men. It can be time-consuming to find the cheapest rates, so agents can bring satisfaction knowing your coverage gives you decent coverage if you have a claim.
To locate a Dallas car insurance agency close to where you live, click the button at the bottom of the list.
- Steve Barnes – State Farm Insurance Agent
4403 N Central Expy, Ste 100 – Dallas, TX 75205 – (214) 515-9900
- John Hall – State Farm Insurance Agent
3110 Webb Ave #205 – Dallas, TX 75205 – (972) 807-2051
- Nationwide Insurance: Paula L Ratliff Agency Inc
11661 Preston Rd #146 – Dallas, TX 75230 – (214) 890-0760