Who Has the Cheapest Auto Insurance for a 20 Year Old Male in Los Angeles?

The vehicle model needing coverage is a large factor when quoting the cheapest car insurance for 20 year old guys. Vehicles with average performance, advanced safety features, or low incidents of liability claims will cost less to insure than fast, unsafe models.

The data below estimates insurance premiums for a number of the cheaper automobiles to buy coverage for.

Cheapest Vehicles to Insure in Los Angeles, CA
Vehicle Insured Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $5,339
Honda Accord LX-P 4-Dr Sedan $5,344
Ford Escape XLS 4WD $5,339
Honda CR-V EX-L 4WD $5,417
Toyota Prius $5,896
Ford F-150 XL Regular Cab 4WD $5,941
Ford Edge SEL AWD $6,261
Ford Focus SE 4-Dr Sedan $6,270
Chevrolet Impala LS $6,261
Chevrolet Equinox LS 2WD $6,339
Chevrolet Malibu LS $6,347
Toyota Tacoma Double Cab 4WD $6,339
Toyota RAV4 Sport 4WD $6,345
Volkswagen Jetta LE 4-Dr Sedan $6,339
Nissan Altima 2.5 4-Dr Sedan $6,345
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $6,417
Dodge Grand Caravan SXT $6,420
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Data based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle garaging location which can revise auto insurance rates significantly.

Based upon these rates, cars like the Hyundai Elantra, Honda Accord, and Ford Escape will be some of the more affordable vehicles to insure for young men. The price of auto insurance will be more costly because there is more liability risk for 20 year old guys, but generally speaking those makes and models will tend to have the best rates available.

Shopping around for low-priced auto insurance is tough enough, and determining which companies have the most affordable auto insurance rates for 20 year old guys involves more quotes for comparison. Each auto insurer has their own guidelines to determine premium rates, so first we will examine the auto insurance companies that tend to be cheaper in California.

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Rankings for the cheapest car insurance companies in California
Rank Company Cost Per Year
1 USAA $1,121
2 Wawanesa $1,146
3 Century National $1,190
4 Nationwide $1,213
5 CSAA $1,222
6 21st Century $1,338
7 Grange $1,491
8 Mercury $1,533
9 Progressive $1,542
10 Allstate $1,559
11 GEICO $1,575
12 MetLife $1,590
13 The Hartford $1,591
14 Allied $1,603
15 Esurance $1,688
16 Unitrin $1,733
17 State Farm $1,733
18 Bristol West $1,795
19 Travelers $1,806
20 Farmers $2,006
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USAA generally has some of the lowest car insurance rates in Los Angeles at around $1,121 a year. Wawanesa, Century National, Nationwide, and CSAA also are some of the lowest-priced Los Angeles, CA car insurance companies.

As depicted above, if you currently have coverage with Nationwide and switched to Wawanesa, you might realize savings of in the neighborhood of $67. Policyholders with CSAA may save as much as $76 a year, and 21st Century customers might cut rates by $192 a year.

To see if you’re overpaying, click here to start your free quote or quote prices from the following companies.

Understand that those premium estimates are averages for all ages of drivers and types of vehicles and and are not calculated with a specific zip code for 20 year old guys. So the auto insurance company that is best suited for you may not even be in the list above. That underscores the importance of why you need to compare prices as often as possible using your own personal information and vehicle type.

Full coverage versus liability-only

Finding cheaper auto insurance is the goal of most drivers, and one of the fastest ways to pay less for insurance for 20 year old guys is to not pay for full coverage. The chart below illustrates the comparison of insurance premiums with and without full coverage. The data assumes no claims or driving citations, $250 deductibles, single marital status, and no other discounts are factored in.

If all age groups are averaged, comp and collision coverage costs $3,093 per year over liability only. That is a significant amount which raises the question if paying for full coverage is a waste of money. There isn’t a steadfast formula for excluding physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

There are some scenarios where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Discounts on Los Angeles car insurance

Cheaper Los Angeles, CA auto insurance for young menAuto insurance companies that provide coverage for 20 year old guys could also offer discounts that can lower rates by as much as 25% or more if you meet specific criteria. A list of auto insurance companies and their possible discounts can be read below.

The illustration below visualizes the comparison of auto insurance costs with and without discounts applied to the policy rates. The rates are based on a female driver, no claims, a clean driving record, California state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, continuous coverage, good student, paperless filing, passive restraint, and paid-in-full discounts applied. With discounts applied, the average amount saved each year on auto insurance for 20 year old guys is 21% or $627.

The importance of shopping around

Los Angeles auto insurance rates are determined by lots of factors that will increase or decrease the price you have to pay. Getting older, buying another vehicle, or getting a ticket for careless driving can trigger changes in premium that may make certain companies cheaper than competitors. Not only may your situation change, but insurance companies file new rates as often as every quarter in order to protect their financial rating. Heavy losses may cause rate increases, while a better claims history may produce lower-priced Los Angeles car insurance rates.

The graph below analyzes the cheapest car insurance in Los Angeles, CA for a 45-year-old male driver with no accidents, a clean driving record, and excellent credit. If we compare prices based on his personal profile, USAA might quote the best car insurance rates in Los Angeles at $1,795 each year. This is $144 more than the average policy premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide also make the list of the cheapest Los Angeles, CA auto insurance companies.

In the next rate comparison, we’ll give the driver in the first example a claim surcharge, bad credit, and a few blemishes on his driving record. Because each company has a unique formula to set policy rates, comparing prices may now present a substantially altered list of the cheapest Los Angeles car insurance companies as shown below.

Grange now has the cheapest rate in Los Angeles with Mercury, Allstate, GEICO, and Allied now rounding out the top five. This example shows why drivers need to do a thorough rate comparison to get the lowest insurance quotes for 20 year old guys. Car insurance prices can be determined by many factors and can increase or decrease at any time, so the most economical option three years ago may now be quite expensive.

Ideas for finding more affordable car insurance for 20 year old guys

It’s not impossible to find cheaper rates, and here are a few thrifty solutions that can help you quote cheaper car insurance.

That last idea is extraordinarily critical, as was discussed in the prior article. Auto insurance rates change a lot, so drivers shouldn’t be resistant to buy from a new company if a cheaper price is available. Brand loyalty is not necessarily bad, but it isn’t a good idea if that stubbornness costs you major coinage every year. If you have a few minutes, now is a great time to compare rates and find cheaper insurance for 20 year old guys in Los Angeles.

The insurance agents in Los Angeles listed below can most likely provide answers to your questions and help you determine which insurance coverage will be best for you, as some drivers aren’t sure which coverage they need and prefer to get some help when shopping for the best coverage for young men. It’s not always simple to find the cheapest rates, so a professional agent can give peace of mind knowing your policy gives you sufficient coverage for your assets.

To locate a Los Angeles car insurance agency nearest to you, click the link after the list.

Starco Insurance
1905 S Western Ave #19Los Angeles, CA 90018(310) 215-9991

Sean Kim – State Farm Insurance Agent
2727 W Olympic Blvd #102Los Angeles, CA 90006(213) 480-3377

Oleg Avanesov – State Farm Insurance Agent
12245 California Route 2Los Angeles, CA 90025(310) 826-8700

View more Los Angeles, CA insurance agents