The words “affordable” and “insurance” probably shouldn’t be used together, in particular when you are looking for the best car insurance rates for 20 year old guys. Because it’s so expensive, let’s learn about some things that have an impact on auto insurance premiums, and find a way to take a little off the next policy you buy.
Buying affordable car insurance is confusing at best, and determining which companies quote the best auto insurance rates for 20 year old guys will involve even more rate comparisons. Every insurance provider has their own formula to determine premium rates, so we’ll take a look at the auto insurance companies with the overall best prices in Kentucky.
It’s a good idea to know that Lexington, KY auto insurance rates are impacted by many things that can increase the price you have to pay. Price variation is why it is critical to take the time to shop around to find affordable insurance quotes for 20 year old guys. Rates are calculated by many risk factors and change substantially, so the best price two years ago may now be wasting a lot of money.
Find Cheaper Auto Insurance for Men Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,115 |
| 2 | Kentucky Farm Bureau | $1,128 |
| 3 | USAA | $1,223 |
| 4 | Auto-Owners | $1,371 |
| 5 | Grange Mutual | $1,577 |
| 6 | Motorists Mutual | $1,601 |
| 7 | Travelers | $1,614 |
| 8 | Westfield | $1,814 |
| 9 | State Farm | $1,867 |
| 10 | Safe Auto | $1,932 |
| 11 | Nationwide | $2,064 |
| 12 | Electric | $2,097 |
| 13 | Progressive | $2,140 |
| 14 | State Auto | $2,254 |
| 15 | Encompass | $2,288 |
| 16 | GEICO | $2,413 |
| 17 | Safeco | $2,709 |
| 18 | MetLife | $3,146 |
| 19 | Shelter | $3,231 |
| 20 | Liberty Mutual | $3,708 |
| Find Your Rate Go | ||
Cincinnati Insurance generally has some of the lowest car insurance rates in Lexington at around $1,115 annually. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual also qualify as some of the lowest-priced Lexington, KY insurance companies.
As shown in the rates above, if you are currently insured with Auto-Owners and switched to Kentucky Farm Bureau, you might achieve a yearly price reduction of in the neighborhood of $243. Kentucky drivers with Grange Mutual may save as much as $449 a year, and Motorists Mutual customers might lower prices by $473 a year.
To find the cheapest rates for your vehicle, click here to start a quote or visit any of the companies below.
Understand that those estimates are averages for all ages of drivers and types of vehicles and and are not calculated with an exact location for 20 year old guys. So the company that fits your needs best may not even be in the top 21 companies in the list above. That illustrates why you need to compare prices as often as possible using your own specific driver and vehicle information.
The vehicle you are trying to insure is a large consideration when comparison shopping for the most affordable auto insurance for 20 year old guys. Vehicles with reasonable performance levels, an excellent safety record, or a track record of few liability claims will cost much less to insure than fast, unsafe models. The table below features insurance rates for the cheapest vehicles to insure in Kentucky.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $2,423 |
| Honda CR-V LX 4WD | $2,431 |
| Toyota Prius | $2,676 |
| Ford Edge SEL AWD | $2,839 |
| Chevrolet Impala LS | $2,844 |
| Toyota RAV4 4WD | $2,874 |
| Volkswagen Jetta LE 4-Dr Sedan | $2,881 |
| Jeep Grand Cherokee Laredo 2WD | $2,874 |
| Toyota Tacoma Double Cab 4WD | $2,911 |
| Ford F-150 Lariat Crew Cab 4WD | $2,921 |
| Ford Explorer Limited 2WD | $2,911 |
| Dodge Grand Caravan Crew | $2,916 |
| Chevrolet Malibu LT | $2,911 |
| Ford Focus SEL 4-Dr Sedan | $3,018 |
| Hyundai Elantra SE 4-Dr Sedan | $3,052 |
| Honda Odyssey EX-L | $3,057 |
| Nissan Rogue S 2WD | $3,079 |
| Hyundai Sonata GLS 4-Dr Sedan | $3,087 |
| Nissan Altima Hybrid 4-Dr Sedan | $3,090 |
| GMC Sierra SL Crew Cab 4WD | $3,098 |
| Get a Custom Quote Go | |
Premium data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific garaging location which can increase or decrease premium rates considerably.
Looking at the data, you can expect cars like the Ford Escape, Honda CR-V, Toyota Prius, Ford Edge, and Chevrolet Impala are likely to be the most affordable vehicles to insure for young men. Auto insurance rates will be higher anyway because there is more claim exposure for 20 year old guys, but overall those models will most likely have the cheapest car insurance rates compared to all other vehicles.
One of the many things that are used to help calculate the amount you pay for auto insurance is your zip code in Lexington. More populated areas tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower rates.
The illustration below shows the priciest cities in Kentucky for 20 year old guys to purchase car insurance in. Lexington makes the list at #16 with a yearly premium of $1,499 on average, which is about $125 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Louisville | $2,090 |
| 2 | Frankfort | $1,742 |
| 3 | Saint Matthews | $1,711 |
| 4 | Jeffersontown | $1,685 |
| 5 | Ashland | $1,656 |
| 6 | Paducah | $1,647 |
| 7 | Madisonville | $1,616 |
| 8 | Radcliff | $1,590 |
| 9 | Murray | $1,565 |
| 10 | Elizabethtown | $1,563 |
| 11 | Winchester | $1,563 |
| 12 | Danville | $1,549 |
| 13 | Henderson | $1,541 |
| 14 | Hopkinsville | $1,523 |
| 15 | Covington | $1,517 |
| 16 | Lexington | $1,499 |
| 17 | Georgetown | $1,491 |
| 18 | Richmond | $1,490 |
| 19 | Independence | $1,466 |
| 20 | Nicholasville | $1,459 |
| 21 | Erlanger | $1,435 |
| 22 | Bowling Green | $1,433 |
| 23 | Florence | $1,427 |
| 24 | Fort Thomas | $1,397 |
| 25 | Owensboro | $1,376 |
| Start a Quote Go | ||
Rate information is estimated as the vehicle garaging location can change premiums considerably.
The chart below illustrates how your choice of deductibles can increase or decrease insurance prices when searching for cheap insurance for 20 year old guys. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
The data above shows that a 40-year-old driver could lower rates by $268 a year by switching from a $100 deductible up to a $500 deductible, or save $404 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, could shave up to $880 annually by choosing a larger deductible amount. If you make the decision to raise deductibles, it will now be necessary to have additional funds squirreled away to be able to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Finding a good quality insurance company can be a challenge considering how many companies there are to choose from in Lexington. The ranking data listed below may help you pick which car insurance companies you want to consider when shopping around.
These ratings only include companies that insure vehicles across America, so companies with more of a regional focus are not factored into this list. To compare rates from the most competitive companies in Kentucky, just click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Full coverage rates vs. liability-only
Lowering the price of auto insurance is the goal of the majority of drivers, and one of the easiest ways to find cheaper insurance for 20 year old guys is to not insure for full coverage. The example below visualizes the comparison of auto insurance costs with liability coverage only compared to full coverage. The premiums are based on no accidents, no driving violations, $500 deductibles, drivers are single, and no other discounts are factored in.
Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs an extra $2,055 per year more than just buying liability only. At some point, every insured wonders if paying for full coverage is worth it. There is no definitive guideline for eliminating comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
How to find budget-friendly insurance for 20 year old guys
Here are some penny-pinching solutions that can help you get cheap auto insurance.
- Improve your credit rating
- Avoid filing small claims
- Raise your physical damage coverage deductibles
- Home or renters coverage can save on auto insurance
- Safer vehicles cost less to insure
- Save money by insuring older vehicles for liability only
- Compare rates regularly to ensure the best deal
That last idea is extraordinarily crucial, as we hit on in this piece. Car insurance rates vary greatly, so drivers shouldn’t hesitate to change insurance companies if a more affordable rate is found.
Staying with the same company for years is fine, but we do not recommend it if that devotion results in you overpaying a considerable chunk of change every month. In just a couple of minutes you could compare prices and find cheaper insurance for 20 year old guys in Lexington.
The agents shown below can help you determine which coverages and limits you need, as some drivers aren’t sure which coverage they need and prefer to have a little guidance when buying car insurance for young men. It can be hard to find the best coverage yourself, and insurance agents can provide comfort knowing your coverage gives you enough protection. To locate a Lexington auto insurance agent nearest to you, click the button at the bottom of the list.
Nationwide Insurance: Tim Hamilton Insurance Agency Inc
401 Lewis Hargett Cir #130 – Lexington, KY 40503 – (859) 276-1234
Jeff Briggs – State Farm Insurance Agent
449 Lewis Hargett Cir #150 – Lexington, KY 40503 – (859) 273-8512
State Farm: Gina Hopper
115 S Locust Hill Dr #107 – Lexington, KY 40509 – (859) 268-6998
Tophan Kulkriwes – State Farm Insurance Agent
1010 Monarch St #250 – Lexington, KY 40513 – (859) 276-4422
GEICO Insurance Agent
3100 Old Todds Rd #110 – Lexington, KY 40509 – (859) 286-8655