Who Has Cheap San Francisco Auto Insurance for a 20 Year Old Male?

The words “cheap” and “auto insurance” really don’t belong together, especially when shopping around for the cheapest car insurance for 20 year old guys. In an attempt to save some money, let’s introduce you to some of the factors that can significantly affect auto insurance premiums, and come up with some ways to reduce the price of the next policy you buy.

Establishing which company offers the best auto insurance rates for 20 year old guys requires a little more work than just picking a company at random. Every auto insurer has a unique formula to set premium rates, so let’s look at the rankings for the auto insurance companies with the overall best prices in San Francisco.

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California car insurance ranked by cost per year
Rank Company Cost Per Year
1 USAA $1,121
2 Wawanesa $1,157
3 Century National $1,178
4 CSAA $1,198
5 Nationwide $1,263
6 21st Century $1,325
7 Grange $1,433
8 Allstate $1,497
9 Progressive $1,512
10 GEICO $1,529
11 Allied $1,541
12 Mercury $1,548
13 MetLife $1,638
14 The Hartford $1,639
15 State Farm $1,682
16 Unitrin $1,682
17 Esurance $1,688
18 Travelers $1,842
19 Bristol West $1,849
20 Farmers $1,946
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USAA may have some of the cheapest car insurance rates in San Francisco at around $1,121 per year. This is $530 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide would also make the list of some of the cheaper San Francisco, CA auto insurance companies.

In the rate table above, if you buy coverage from CSAA and switched to Wawanesa, you could earn an annual savings of upwards of $41. Policyholders with Nationwide may save as much as $106 a year, and 21st Century customers might realize rate reductions of up to $168 a year.

It’s important to note that these policy prices are averaged for all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for 20 year old guys. So the company that fits your age and vehicle best may not even be in the top 24 companies shown above. That’s why you need to get rate quotes using your own individual information.

The vehicle that is being insured is one of the primary factors when trying to find affordable auto insurance for 20 year old guys. Vehicles with more horsepower, a lack of safety features, or an increased likelihood of liability claims will cost more to insure than more economical and safe models.

The next list ranks coverage premiums for some of the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in San Francisco, CA
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V LX 4WD $3,687
Ford Escape Limited 2WD $3,741
Chevrolet Silverado LS Regular Cab 4WD $4,048
Toyota Prius $4,072
Ford Explorer Eddie Bauer 2WD $4,102
Toyota Tacoma 4WD $4,110
Honda Odyssey EX W/Rear Entertainment $4,322
Ford Edge Limited 2WD $4,331
Ford Fusion S 4-Dr Sedan $4,376
GMC Sierra SLE Regular Cab 2WD $4,384
Volkswagen Jetta LE 4-Dr Sedan $4,376
Chevrolet Equinox LS AWD $4,383
Toyota Camry LE $4,376
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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. Rate quotes do not factor in vehicle garaging location which can revise premiums noticeably.

Looking at the data, models like the Honda CR-V, Ford Escape, and Chevrolet Silverado are going to be a few of the most affordable vehicles to insure for young men. Prices will tend to be more expensive because there is more liability risk for 20 year old guys, but generally speaking those particular vehicles will probably have the lowest prices that you’ll find.

Safe drivers pay cheaper rates

A great way to snag low auto insurance prices for young men is to pay attention while driving and maintain a clean driving record. The illustration below demonstrates how traffic citations and at-fault fender-benders raise yearly insurance costs for different categories of driver ages. The premiums assume a married male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

The data in the chart shows the average cost of car insurance per year with no violations or accidents is $2,122. Factor in two speeding tickets and the average cost swells to $2,920, an increase of $798 each year. Then throw in two accidents along with the two speeding tickets and the annual cost of auto insurance for 20 year old guys increases to an average of $6,226. That’s an increase of $4,104, or $342 per month, just for being a careless driver!

How to get discounts on San Francisco car insurance rates

Cheaper San Francisco, CA auto insurance for young menInsurers that offer cheap quotes for 20 year old guys could also offer price discounts that can reduce rates by as much as 30% if you meet specific eligibility requirements. Companies and some of the discounts can be found below.

The example below compares annual premium costs with and without discounts being applied to the rates. The information is based on a female driver, no claims or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with good student, anti-theft, paperless filing, passive restraint, vehicle safety, and paid-in-full discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on auto insurance for 20 year old guys is 21% or $506.

Do you need full coverage?

Buying cheaper auto insurance is the goal of most drivers, and one good way to reduce the cost of insurance for 20 year old guys is to not buy comprehensive and collision coverage. The chart below illustrates the difference between insurance premiums with and without physical damage coverage. The data is based on no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

As an average for all age groups, full coverage on your policy costs an additional $2,467 per year over having just liability coverage. That touches on the question when is it a good idea to stop buying full coverage. There is no specific rule to drop comp and collision coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

The San Francisco car insurance agencies listed below can probably answer your questions and help you decide which coverages are best, since some drivers have questions and prefer to get some professional advice when buying car insurance for young men. It can be hard to find the cheapest car insurance policy, so getting advice from a licensed agent can give you peace of mind knowing your coverage gives you suitable coverage if you have an accident.

To locate a San Francisco car insurance agency closest to you, click the button following the list.

Darlene Chow – State Farm Insurance Agent
206 Spear StSan Francisco, CA 94105(415) 441-1119

Basic West Insurance Agency
1641 Taraval StSan Francisco, CA 94116(415) 665-7400

Ron Burks – State Farm Insurance Agent
220 Montgomery St #480San Francisco, CA 94104(415) 397-2994

Joe Freund – State Farm Insurance Agent
1734 Divisadero StSan Francisco, CA 94115(415) 359-9311

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How to find budget-friendly auto insurance for 20 year old guys

The list below summarizes a few money-saving ideas that can help California drivers buy more affordable coverage.

The last tip in the list is remarkably necessary, as we emphasized in the prior article. Insurance prices go up and down frequently, so you should be ready to change to a new company if you find a better deal.

Brand loyalty is not necessarily bad, but it isn’t a good idea if that loyalty results in overpaying a considerable chunk of change every month. It only takes a couple minutes to shop around and find cheaper car insurance for 20 year old guys in San Francisco.