It's hard to miss the catchy advertisements from car insurance companies like The General and Liberty Mutual that promise dirt cheap rates. So drivers just need to pick the one with the catchiest commercial, right?
It's not that easy, however, as there are a whole slew of unknown elements such as the amount of liability insurance you need, whether or not you have had gaps between policies, and any driving violations you may have. The content below will cover the types of things that cause high car insurance rates and also should give you a good start in finding the cheapest insurance for men age 20.
Establishing which company has the cheapest car insurance rates for 20 year old guys in Nevada calls for a little more work than just quoting one company's rates. Each insurance company uses a little different formula for setting prices, so we'll take a look at the car insurance companies with the overall cheapest rates in Nevada.
It's important to know that Nevada car insurance rates are determined by lots of factors that control your annual premium. Simply having a birthday, buying a home instead of renting, or having a fender bender can trigger rate changes that can now make some companies cheaper than competitors.
Lowest Insurance Price Quotes for Men Age 20
Travelers normally has some of the lowest car insurance rates in Nevada at around $912 annually. This is $662 less than the average policy premium paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and American Family also are some of the most economical Nevada car insurance companies.
As the rates illustrate above, if you are currently insured with Capital and switched to Travelers, you might achieve savings of around $66. Drivers with Oregon Mutual might save as much as $246 a year, and American Family policyholders might reduce rates by $282 a year.
To get a fast rate comparison, click here to start a quote or feel free to get quotes from the companies below.
Bear in mind that those rates are averages for all insureds and vehicles and are not factoring in a rate surcharge for 20 year old guys. So the auto insurance company that can offer you the best price may not even be in the list above. That underscores the importance of why you need to get car insurance quotes using your own specific driver information and vehicle.
For young men, one of the largest things that aid in calculating the amount you pay for auto insurance is where your residence is. Cities with larger populations or higher claim trends like Winchester, Sunrise Manor, and Enterprise are more likely to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The next table sorts the priciest cities in Nevada for 20 year old guys in which to buy car insurance.
|Rank||City||Premium Per Year|
|7||North Las Vegas||$1,882|
|Compare Prices Now Go|
Rate quotes are estimated as vehicle location can modify prices substantially.
Full coverage rates compared to liability-only
Lowering the price of car insurance is the goal of the majority of drivers, and one easy way to find cheaper insurance for 20 year old guys in Nevada is to only buy liability insurance. The chart below illustrates the comparison of yearly insurance costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no claims or driving citations, $1,000 deductibles, drivers are single, and no other discounts are factored in.
If averaged for all ages, physical damage coverage costs $1,728 per year over and above liability coverage. A very common question is when is the right time to remove full coverage. There is no exact rule to drop physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
Finding the right auto insurance provider is difficult considering how many companies sell coverage in Nevada. The information in the lists below could help you decide which coverage providers you want to consider purchasing coverage from. The rankings below are only made up of the largest companies in America, so companies without a large exposure are not included in this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Get discounts on Nevada auto insurance rates
Insurance companies that provide policies for 20 year old guys may provide rate discounts that could lower prices by as much as 35% if you meet certain criteria. A list of companies and some of the premium reductions they offer are included below.
- State Farm includes discounts for good student, defensive driving training, multiple autos, accident-free, student away at school, and Drive Safe & Save.
- Liberty Mutual policyholders can earn discounts including new graduate, new move discount, multi-policy, preferred payment discount, hybrid vehicle, and exclusive group savings.
- American Family may offer discounts for air bags, multi-vehicle, accident-free, good driver, early bird, and TimeAway discount.
- Progressive has discounts for multi-policy, online signing, good student, online quote discount, homeowner, and continuous coverage.
- Farmers Insurance discounts include homeowner, youthful driver, pay in full, distant student, electronic funds transfer, good student, and alternative fuel.
- Auto-Owners Insurance offers discounts including teen driver, anti-theft, paid in full, safe vehicle, paperless, safe driver, and anti-lock brakes.
- SAFECO offers discounts for teen safety rewards, safe driver, drive less, homeowner, bundle discounts, multi-car, and accident prevention training.
The diagram below shows the comparison of insurance rates with and without discounts applied to the policy rates. The rate quotes are based on a female driver, no tickets, no at-fault accidents, Nevada state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with paid-in-full, anti-theft, good student, paperless filing, vehicle safety, and passive restraint discounts applied. When taking advantage of discounts, theaverage yearly reduction on car insurance for 20 year old guys is 21% or $477.
How to find budget-friendly insurance for 20 year old guys in Nevada
It's not impossible to find cheaper rates, and here are some of the better penny-pinching solutions that can help Nevada drivers find cheaper car insurance.
- Choose a safer vehicle and pay lower rates
- Buying home and auto insurance together can earn discounts
- Avoid filing small claims
- Tickets and violations raise rates
- Maintain a safe distance and avoid accidents
- Keep rates low by shopping around frequently
The last item on the list is certainly significant, as we noted in this article. Coverage prices can change considerably based on profitability, so don't be tentative to buy from a new company if you find a better deal. Staying with the same car insurance company is fine, but it isn't a good idea if that devotion results in you overpaying money that could be spent on other things. Now is a great time to compare rates and find cheaper auto insurance for 20 year old guys.