How Much are San Jose Car Insurance Rates for a 20 Year Old Male?

The words “bargain” and “auto insurance” probably shouldn’t be used in the same sentence, especially when you are shopping around for the cheapest car insurance for 20 year old guys. Because it’s so expensive, let’s start off by going over a few of the things that help determine auto insurance rates, and figure out some ideas to cut the cost of the next policy you buy.

Shopping around for low-cost auto insurance is hard enough, and figuring out which company has the cheapest car insurance rates for 20 year old guys may require even more diligence. Each auto insurer uses their own method to set premium rates, so we’ll take a look at the car insurance companies with the overall best prices in California.

It’s important to understand that California car insurance rates are influenced by many factors that will increase or decrease the price you have to pay. Simply improving your credit, having a teenage driver, or getting into an accident can produce rate changes resulting in some rates now being higher-priced than before.

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California auto insurance company rankings
Rank Company Cost Per Year
1 USAA $1,121
2 CSAA $1,186
3 Century National $1,190
4 Wawanesa $1,192
5 Nationwide $1,213
6 21st Century $1,366
7 Grange $1,433
8 GEICO $1,529
9 Mercury $1,548
10 Allied $1,556
11 Progressive $1,558
12 Allstate $1,559
13 MetLife $1,606
14 The Hartford $1,639
15 State Farm $1,682
16 Unitrin $1,682
17 Esurance $1,705
18 Bristol West $1,777
19 Travelers $1,842
20 Farmers $1,946
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USAA normally has some of the best car insurance rates in San Jose at around $1,121 a year. CSAA, Century National, Wawanesa, and Nationwide also qualify as some of the more affordable San Jose, CA auto insurance companies.

As the example above demonstrates, if you are a policyholder with Nationwide and switched to CSAA, you may realize annual savings of in the vicinity of $27. Insureds with 21st Century may save as much as $180 a year, and Grange insureds might reduce rates by $247 a year.

If you want to find out if you’re overpaying, click here to start your free quote or visit several of the following companies.

It’s important to note that these premiums are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific zip code for 20 year old guys. So the auto insurance company that fits your situation best may not even be in the list above. That is why you need to get car insurance quotes using your own driver data and vehicle information.

The vehicle requiring coverage is a significant factor when trying to find the cheapest insurance for 20 year old guys. Vehicles with economical engines, good crash test ratings, or a positive history of liability claims will cost significantly less to insure than fast, unsafe models.

The next list ranks insurance rates for a number of the cheaper vehicles to buy insurance for.

Cheapest Vehicles to Insure in San Jose, CA
Vehicle Insured Estimated Cost for Full Coverage
Honda CR-V EX 2WD $2,263
Hyundai Elantra GLS Touring Station Wagon $2,271
Ford Escape Limited 4WD $2,465
Toyota Prius $2,499
Ford Edge SE AWD $2,652
Honda Odyssey EX W/Rear Entertainment $2,657
Volkswagen Jetta 2.0T Station Wagon $2,667
Chevrolet Malibu LS $2,686
Ford Fusion S 4-Dr Sedan $2,695
Toyota RAV4 Limited 4WD $2,686
Dodge Grand Caravan Crew $2,720
Ford Explorer Limited AWD $2,728
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $2,720
Jeep Wrangler Unlimited Sport 4WD 4-Dr $2,722
Chevrolet Impala LTZ $2,855
Toyota Camry XLE $2,863
Nissan Rogue SL 2WD $2,878
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Data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in specific garaging location which can impact auto insurance rates considerably.

Based upon the table data, models like the Honda CR-V, Hyundai Elantra, Ford Escape, and Toyota Prius are likely to be some of the less-costly vehicles to insure for young men. Auto insurance rates will be more costly because of the fact that there is more claim exposure for 20 year old guys, but in general those particular models will probably have the lowest insurance rates that you’ll find.

How much more does full coverage cost in San Jose?

Reducing premiums for car insurance is important to most people, and a good way to pay less for insurance for 20 year old guys is to not buy full coverage. The chart below visualizes the comparison of insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no violations or claims, $500 deductibles, single status, and no discounts are applied.

If averaged out across all ages, physical damage insurance costs $2,075 per year over having just liability coverage. At some point, every insured wonders if it’s a good idea to buy full coverage. There is no definitive formula for excluding comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s replacement value is $6,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $5,500 after paying your deductible. If you are paying over $550 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

The example below demonstrates how deductibles can affect insurance costs when getting quotes for cheap insurance for 20 year old guys. The premium estimates are based on a single male driver, comp and collision included, and no discounts are applied.

In the chart above, a 40-year-old driver could save $492 a year by increasing from a $100 deductible to a $500 deductible, or save $738 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old, could lower their rates $1,640 or even more just by using higher deductibles.

When raising deductibles, it is important to have plenty of savings on hand to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

The benefits of price comparisons

San Jose, CA car insurance rates are determined by lots of factors which can substantially change the price you pay for coverage. Simply turning a year older, getting divorced, or having an at-fault accident can cause premium changes resulting in some companies being more affordable than the competition.

Additionally, companies file new rates at least once a year to reflect underwriting profits or losses. A period of higher than normal claims can result in more expensive prices, while better underwriting can produce more affordable San Jose car insurance rates.

To illustrate this example, the graph below shows which companies have the cheapest car insurance in San Jose, CA for a 45-year-old female driver with no violations or accidents, and a high credit rating. If we look at prices based on her current risk factors, USAA may have the cheapest car insurance rates in San Jose at $1,169 per year. This is $482 less than the average premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide round out the rest of the top five cheapest San Jose, CA auto insurance companies.

Now let’s give the driver from above a claim surcharge, a lower credit rating, and a speeding ticket. Due to the fact that each insurance company has a different process to set their prices, analyzing rates will most likely result in a substantially altered list of affordable San Jose car insurance companies as shown below.

Grange now has the best price in San Jose, CA with Mercury, Allied, Progressive, and Allstate also having competitive pricing. This example illustrates why San Jose drivers need to shop around to find the most budget-friendly car insurance rates for 20 year old guys.

Auto insurance prices are influenced by many risk factors and can change without notice, so the most affordable company when you bought your policy may now be costing you a lot of money.

The auto insurance agents in San Jose shown below can most likely provide answers to your questions and help you determine which policy fits your needs best, since many consumers aren’t sure which coverage to buy and prefer to have a little guidance when trying to find lower insurance rates for young men. It can be time-consuming to find the best coverage yourself, so getting advice from a licensed California insurance agent can bring peace of mind knowing you have adequate protection in the event of a claim. To find an auto insurance agency nearest to you, click the button following the list or click here to compare prices now.

More San Jose, CA insurance agents

How to find low-cost car insurance for 20 year old guys

Here are a few money-saving ideas that can help San Jose drivers locate cheaper coverage.

That last piece of advice is remarkably crucial, as we discussed in the prior information. Coverage rates in San Jose adjust frequently, so drivers shouldn’t be reluctant to switch companies if you can save money.

Staying with the same company for years is fine, but is isn’t recommended if that devotion results in you overpaying potentially thousands of dollars a year. If you have a few minutes, now is a great time to compare rates and find cheaper insurance for 20 year old guys.