What Auto Insurance is Cheapest for a 20 Year Old Male in Columbus?

Wouldn’t life be so easy if we could tell you instantly that one special company that has the best auto insurance prices for 20 year old guys? Regrettably, it’s not quite that easy, as there are a whole slew of unknown aspects such as whether you just want liability only, the crime level of your neighborhood, and how well you maintain your credit, that all impact the cost of coverage. This article should teach you a little about the best ways to find cheap car insurance and should give you a good start in finding the cheapest insurance in Ohio.

One of the more important factors that are looked at to help calculate the price you pay for insurance is where your residence is. Areas with a lot of weather claims or more people tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower coverage costs.

The table below sorts the most expensive areas in Ohio for 20 year old guys to purchase car insurance in. Columbus shows up at #5 having an annual price of $1,199 for coverage, which is about $100 per month.

Car insurance prices in Columbus
Rank City Annual Rate
1 Youngstown $1,273
2 Cleveland $1,272
3 Toledo $1,267
4 Cincinnati $1,210
5 Columbus $1,199
6 Cleveland Heights $1,166
7 Euclid $1,164
8 Akron $1,135
9 Dayton $1,120
10 Hamilton $1,113
11 Springfield $1,105
12 Fairfield $1,085
13 Newark $1,085
14 Canton $1,058
15 Lakewood $1,041
16 Strongsville $1,031
17 Cuyahoga Falls $1,027
18 Beavercreek $1,027
19 Middletown $1,024
20 Kettering $1,020
21 Lorain $1,015
22 Parma $997
23 Mansfield $992
24 Mentor $988
25 Elyria $965
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Premium costs are approximated as the vehicle garaging location can revise premium rates noticeably.

The vehicle model needing coverage is probably the biggest factor when looking for the cheapest coverage for 20 year old guys. Vehicles with reasonable performance levels, advanced safety features, or a track record of few liability claims will cost significantly less to insure than higher performance models. The next list outlines coverage rates for a handful of the most economical automobiles to insure in Ohio.

Cheapest Vehicles to Insure in Columbus, OH
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 4WD $3,273
Honda CR-V EX-L 4WD $3,321
Hyundai Elantra SE Touring Station Wagon $3,564
Toyota Prius $3,613
Ford Explorer Eddie Bauer 2WD $3,643
Chevrolet Impala LS $3,838
Ford Edge SE AWD $3,848
Chevrolet Silverado LT Extended Cab 4WD $3,886
Volkswagen Jetta LE 4-Dr Sedan $3,891
Jeep Grand Cherokee Laredo 2WD $3,886
Dodge Grand Caravan Hero $3,894
Toyota RAV4 Sport 2WD $3,886
Dodge Ram Quad Cab ST 2WD $3,919
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $3,934
Ford F-150 FX4 Super Cab 4WD $3,941
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $3,934
Honda Civic VP 4-Dr Sedan $4,081
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Premium data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in garaging location in Columbus, OH which can raise or lower coverage prices significantly.

Looking at the numbers, we can assume that models like the Ford Escape, Honda CR-V, Hyundai Elantra, Toyota Prius, and Ford Explorer are some of the most affordable vehicles to insure for young men. Auto insurance rates will be more expensive because of the fact that there is more inherent risk for 20 year old guys, but in general those models will probably have the best insurance prices compared to all other vehicles.

Deciphering which company quotes the lowest-priced car insurance rates for 20 year old guys requires a little more sweat in order to find the lowest price quote. Every auto insurer has a unique formula for determining rates in each state, so we will examine the overall cheapest car insurance companies in Ohio.

It’s important to understand that Columbus car insurance rates are calculated based on many things which can substantially change the price of your policy. Simply having another birthday, getting divorced, or getting a reckless driving citation can cause premium changes resulting in some companies being cheaper in comparison to the competition.

Best Auto Insurance Prices for Men Age 20

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Ohio car insurance ranked by cost per year
Rank Company Cost Per Year
1 Utica National $654
2 Erie $661
3 Allied $676
4 Frankenmuth $708
5 USAA $719
6 Travelers $733
7 Merchants Insurance Group $771
8 Cincinnati Insurance $779
9 General Casualty $805
10 Grange Mutual $812
11 Motorists Mutual $816
12 Hastings Mutual $866
13 Central Mutual $866
14 State Farm $885
15 Atlantic States $913
16 Westfield $936
17 Auto-Owners $958
18 Western Reserve $970
19 Nationwide $988
20 Progressive $991
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Utica National may have some of the cheapest car insurance rates in Columbus at around $654 per year. This is $386 less than the average rate paid by Ohio drivers of $1,040. Erie, Allied, Frankenmuth, and USAA also rank well as some of the more affordable Columbus, OH car insurance companies.

In this example, if you are currently insured with Erie and switched to Utica National, you might see a yearly price reduction of around $7. Insureds with Allied could save as much as $22 a year, and Frankenmuth customers might realize rate reductions of up to $54 a year.

These prices are averages across all drivers and vehicles in Ohio and do not take into consideration an exact vehicle garaging location for 20 year old guys. So the auto insurance company that has the cheapest rates for you may not even be in the top 33 companies in the list above. That’s why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

The example below highlights how deductible selection can affect premium costs when researching cheap insurance for 20 year old guys. The premium estimates are based on a married female driver, full coverage, and no discounts are applied.

The chart above illustrates that a 30-year-old driver could cut expenses by $214 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $324 by changing to a $1,000 deductible. Younger drivers, like the Age 20 chart data, could potentially save $458 every year by using a higher deductible.

If you do decide to increase your deductibles, it will be important to have enough savings set aside to enable you to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Columbus car insurance companies

Insuring your vehicle with the best company can be rather challenging considering how many companies provide coverage in Columbus. The company information listed below can help you decide which providers you want to consider comparing rates with. The ratings below are only made up of companies with a nationwide focus, so companies with more of a regional focus are not included in the list.

Columbus, OH Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Insure.com Best Car Insurance Companies

Should you buy full coverage?

Lowering the price of car insurance is the goal of the majority of vehicle owners, and one of the quickest ways to buy cheaper insurance for 20 year old guys is to buy liability only. The information below illustrates the comparison of yearly insurance costs with full coverage compared to only the Ohio minimum liability coverage. The premium estimates are based on no claims or driving citations, $250 deductibles, single status, and no discounts are applied.

If averaged for all ages, comprehensive and collision coverage on your policy costs $1,200 per year more than just buying liability only. Many of you may wonder if paying for full coverage is worth it. There is no definitive formula of when to phase out full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your vehicle’s claim settlement value is $11,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $10,500 after the deductible is paid. If premiums are more than $1,050 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some scenarios where dropping full coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.