The words “affordable” and “insurance” really shouldn’t be used together, in particular when looking for the best car insurance for 20 year old guys. Because it’s so expensive, let’s lead off by showing you some things that help determine insurance prices, and come up with some ideas to take the bite out of your next policy.
One of the many considerations that determine the cost of insurance is where you live in Long Beach. Cities with larger populations or higher claim trends tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from having to pay less for coverage.
The information below lists the highest-priced places in California for 20 year old guys in which to purchase auto insurance. Long Beach comes in at #7 with a yearly premium of $1,626 for the average insured, which is around $136 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Glendale | $2,142 |
| 2 | Los Angeles | $2,104 |
| 3 | San Francisco | $1,763 |
| 4 | Sacramento | $1,720 |
| 5 | Oakland | $1,704 |
| 6 | San Bernardino | $1,628 |
| 7 | Long Beach | $1,626 |
| 8 | Santa Clarita | $1,595 |
| 9 | Fontana | $1,566 |
| 10 | Riverside | $1,542 |
| 11 | Stockton | $1,541 |
| 12 | Garden Grove | $1,524 |
| 13 | Fresno | $1,517 |
| 14 | Modesto | $1,502 |
| 15 | Moreno Valley | $1,491 |
| 16 | Santa Ana | $1,453 |
| 17 | Anaheim | $1,444 |
| 18 | San Jose | $1,437 |
| 19 | Huntington Beach | $1,402 |
| 20 | San Diego | $1,368 |
| 21 | Oxnard | $1,358 |
| 22 | Bakersfield | $1,353 |
| 23 | Fremont | $1,348 |
| 24 | Irvine | $1,343 |
| 25 | Chula Vista | $1,298 |
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Rate quotes are comparative as zip code location can lower or raise prices substantially.
Determining which insurers offer the cheapest auto insurance rates for 20 year old guys takes a bit more work in order to find the most economical policy. Every auto insurer has a proprietary method for setting rates, so to begin we’ll rank the auto insurance companies with the overall best prices in Long Beach.
Find Cheaper Auto Insurance for Men Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,143 |
| 2 | CSAA | $1,186 |
| 3 | Wawanesa | $1,192 |
| 4 | Century National | $1,226 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,325 |
| 7 | Grange | $1,447 |
| 8 | Mercury | $1,488 |
| 9 | Progressive | $1,512 |
| 10 | GEICO | $1,513 |
| 11 | Allstate | $1,559 |
| 12 | The Hartford | $1,591 |
| 13 | Allied | $1,603 |
| 14 | MetLife | $1,638 |
| 15 | State Farm | $1,682 |
| 16 | Esurance | $1,688 |
| 17 | Unitrin | $1,699 |
| 18 | Travelers | $1,788 |
| 19 | Bristol West | $1,849 |
| 20 | Farmers | $1,946 |
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USAA may offer some of the most affordable car insurance rates in Long Beach at around $1,143 a year. This is $508 less than the average policy premium paid by California drivers of $1,651. CSAA, Wawanesa, Century National, and Nationwide also are some of the cheaper Long Beach, CA car insurance companies.
As the rates illustrate above, if you currently have a policy with Nationwide and switched to CSAA, you could earn a yearly price reduction of in the neighborhood of $77. Policyholders with 21st Century may save as much as $139 a year, and Grange policyholders might lower prices by $261 a year.
Understand that those estimates are averages for all drivers and vehicles in California and and are not figured with an exact location for 20 year old guys. So the company that has the lowest price for you may not even be in the top 24 companies in the list above. That is why you need to quote rates from many companies using your own individual information.
Impact of violations and accidents on rates
The recommended way to receive the cheapest auto insurance rates in California for young men is to be a safe driver and maintain a clean driving record. The chart below shows how speeding tickets and at-fault fender-benders can raise auto insurance costs for each different age group. The data is based on a single male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
The data above shows the average cost of car insurance per year with no accidents and a clean driving record is $3,147. Add in two speeding tickets and the average cost increases to $4,177, an increase of $1,030 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of auto insurance for 20 year old guys jumps again to an average of $7,945. That’s an increase of $4,798, or $400 per month, just for not being attentive to the road!
Should you buy full coverage?
Lowering the price of auto insurance is probably important to most drivers, and one of the quickest ways to pay lower rates for insurance for 20 year old guys is to not buy comprehensive and collision coverage. The example below illustrates the comparison of car insurance rates when comparing full coverage to liability only. The costs are based on no claims or driving citations, $500 deductibles, drivers are single, and no policy discounts are applied.
Averaged for all ages 20 through 70, physical damage insurance costs $2,816 per year more than insuring for liability only. At some point, about every driver wonders when is the right time to remove full coverage. There is no clear-cut rule for eliminating physical damage coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
There are some cases where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Why you should be comparing rates
Long Beach, CA auto insurance rates are based on many factors that will increase or decrease the cost of coverage. Getting older, having a claim, or getting a ticket for careless driving can trigger price changes resulting in some rates now being cheaper than before.
Not only that, but insurers modify rates multiple times each year as an adjustment for underwriting gains or losses. Larger than normal claims may result in price increases, while lower claim levels can cause lower-cost Long Beach car insurance rates.
For example, the chart below shows rates for the cheapest car insurance in Long Beach, CA for a 40-year-old female driver with no accidents, a clean driving record, and excellent credit. If we compare prices based on her current situation, USAA may offer the cheapest car insurance rates in Long Beach at $1,349 annually. This is $302 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide also make the list of the cheapest Long Beach, CA auto insurance companies.
Now we will give the driver in the first chart a claim surcharge, a little lower credit rating, and a traffic ticket or two. Since each auto insurance company uses their own method to establish rates, analyzing rate quotes could now result in a different list of companies as shown below.
Grange now has the lowest price in Long Beach with Progressive, Allstate, Mercury, and GEICO now being in the top five. This example illustrates why consumers need to take the time to compare many different companies to find the best auto insurance rates for 20 year old guys.
Insurance prices consist of many risk factors and change frequently, so the most affordable company the last time you shopped your coverage around may now be an over-priced policy.
How to find the cheapest auto insurance for 20 year old guys
It is possible to find better rates, and here are a few thrifty solutions that can help you get cheaper coverage.
- Higher deductibles save money
- Do not pay for comprehensive and collision coverage on older vehicles
- Avoid at-fault accidents and claims
- Pay for small claims rather than turning them in to your insurance company
- Do not get tickets
- Shop around for cheaper prices
That last tip is notably critical, as we discussed in the prior article. Coverage rates in Long Beach change constantly, so drivers shouldn’t be resistant to buy from a new company if a cheaper price is available.
Having a favorite company is great, but we do not recommend it if that dedication is costing thousands of dollars over the life of your policy. If you have a few minutes, compare prices and find cheaper auto insurance for 20 year old guys.
If you aren’t sure which coverage to buy and prefer to have the advice of a professional agent when trying to find lower insurance rates for young men, the insurance agencies listed below can probably answer your questions and help you decide which coverages you need.
To find a Long Beach insurance agency by location nearest to you, click the button below the list or click here to compare rates now.
Lanterman Insurance Agency, Inc.
5318 E 2nd St #643 – Long Beach, CA 90803 – (562) 743-1607
Bob Lundstrom – State Farm Insurance Agent
3620 Long Beach Blvd, Ste A3 – Long Beach, CA 90807 – (562) 595-8333
Vinny Bommaiah – State Farm Insurance Agent
6272 Pacific Coast Hwy Ste C – Long Beach, CA 90803 – (562) 439-8544
Sonny Anderson – State Farm Insurance Agent
4166 Norse Way a – Long Beach, CA 90808 – (562) 429-1809