Who Has Cheap Car Insurance for a 20 Year Old Male in Nashville?

The vehicle model to be insured is one of the largest considerations in finding the most affordable auto insurance for 20 year old guys. Vehicles with higher performance characteristics, a lack of advanced safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The table below ranks coverage costs for a selection of the most affordable automobiles to buy coverage for.

Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in garaging location in Nashville, TN which can decrease or increase rates greatly.

Based upon the rates shown, you can conclude that vehicles like the Honda CR-V, Ford Escape, Toyota Prius, Ford Explorer, and Chevrolet Impala are most likely to be the most affordable vehicles to insure for young men. Prices will tend to be more expensive just because there is more inherent risk for 20 year old guys, but in general those particular models will have the best rates that you are likely to find.

For young men, one of the more important factors that help determine insurance cost is your zip code. Cities with larger populations or higher claim trends tend to pay more, whereas areas with lower crime rates and fewer weather claims have the enjoyment of a little cheaper coverage.

The table below ranks the most expensive areas in Tennessee for 20 year old guys to purchase auto insurance in. Nashville shows up at #9 costing $1,201 on average, which is approximately $100 per month.

Price information shown is approximated as specific Nashville zip code can impact insurance rates greatly.

Comparing rates for reasonably-priced auto insurance is not most people’s favorite thing to do, and deciding which companies quote the most affordable insurance rates for 20 year old guys will take additional perseverance.

Every insurance company has a proprietary method for determining prices, so we’ll take a look at the insurance companies that tend to have lower prices in Nashville.

Best Auto Insurance Prices for Men Age 20

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Utica National may offer some of the cheapest car insurance rates in Nashville at around $737 per year. Auto-Owners, Cincinnati Insurance, Penn National, and USAA also rank well as some of the cheaper Nashville, TN car insurance companies.

As shown above, if you are currently insured with Auto-Owners and switched to Utica National, you might realize an annual premium reduction of in the neighborhood of $124. Insureds with Cincinnati Insurance could save as much as $147 a year, and Penn National customers might lower prices by $171 a year.

To find out how your current rates compare, click here or visit any of the low-priced companies below.

Remember that these prices are averages across all types of insureds and vehicles and do not factor in an exact location for 20 year old guys. So the auto insurance company that fits you best may not even be in the top 30 companies in the list above. That underscores the importance of why you need to get auto insurance quotes using your own individual information.

Drive safe and save

The obvious way to score cheap insurance prices in Tennessee for young men is to be a cautious driver and avoid at-fault accidents and violations. The illustration below shows how speeding tickets and at-fault collisions can drive up premium costs for different categories of driver ages. The price estimates are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

In the prior example, the average cost of auto insurance in Nashville per year with a clean driving record and no accidents is $1,594. Get two speeding tickets and the average cost hikes up to $2,143, an increase of $549 each year. Now throw in two accidents along with the two speeding tickets and the 12-month cost of insurance for 20 year old guys jumps again to an average of $4,076. That’s an increase of $2,482, or $207 per month, just for being a careless driver!

Selecting the best car insurance company can be rather challenging considering how many choices there are in Nashville. The ranking information below can help you choose which providers to look at when comparing rates. These ratings only include the largest companies in America, so companies that may only write in Tennessee are not factored into the list.

Top 10 Major Car Insurance Companies in Nashville Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. AAA Insurance
10. Titan Insurance

Top 10 Major Car Insurance Companies in Nashville Ranked by Customer Service

1. USAA
2. Travelers
3. AAA Insurance
4. Nationwide
5. Safeco Insurance
6. Progressive
7. State Farm
8. The Hartford
9. The General
10. Esurance

Cost difference between full coverage and liability

Finding the cheapest insurance is probably important to most vehicle owners, and one great way to pay less for insurance for 20 year old guys is to not insure for full coverage. The example below illustrates the comparison of premium costs when comparing full coverage to liability only. The prices are based on no claims or driving violations, $1,000 deductibles, single status, and no discounts are factored in.

On average, comprehensive and collision coverage on your policy costs an extra $1,217 per year over having just liability coverage. A very common question is when is it safe to stop buying full coverage. There isn’t a written rule for phasing out physical damage coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.