Who Has Affordable Auto Insurance for a 20 Year Old Male in Detroit?

Buying affordable auto insurance is not the easiest thing to do, and figuring out which company offers the lowest-priced car insurance rates for 20 year old guys will take additional perseverance. Each company has a different formula for filing rates in each state, so let’s rank the car insurance companies with the overall best prices in Detroit.

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Michigan car insurance ranked by cost per year
Rank Company Cost Per Year
1 USAA $987
2 GEICO $993
3 Safeco $1,079
4 MetLife $1,324
5 Chubb $1,414
6 Pioneer State Mutual $1,430
7 MEEMIC $1,450
8 Hastings Mutual $1,627
9 Auto-Owners $1,652
10 Frankenmuth $1,696
11 SECURA $1,832
12 Progressive $1,866
13 Wolverine Mutual $2,147
14 Hanover $2,305
15 Allied $2,309
16 Grange Mutual $2,322
17 Allmerica $2,362
18 Auto Club Group $2,391
19 Nationwide $2,541
20 Farm Bureau $2,573
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USAA may offer some of the lowest car insurance rates in Detroit at around $987 annually. GEICO, Safeco, MetLife, and Chubb also are some of the best Detroit, MI car insurance companies.

In this example, if you currently buy coverage from MetLife and switched to USAA, you may realize yearly savings of approximately $337. Michigan drivers with Chubb might save as much as $427 a year, and Pioneer State Mutual insureds might cut rates by $443 a year.

Understand that those premium estimates are averages across all ages of drivers and types of vehicles and do not factor in a specific vehicle garaging location for 20 year old guys. So the auto insurance company that has the cheapest price for you may not even be in the top 30 companies in the list above. That is why you need to quote rates from many companies using your own driver data and vehicle information.

For young men, one of the more important considerations that are used to help calculate auto insurance rates is where your residence is. Areas with increased crime or more people are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of cheap car insurance rates.

The next table ranks the highest-priced places in Michigan for 20 year old guys to buy auto insurance in. Detroit shows up at #1 with an annual cost of $4,862 for coverage, which is about $405 monthly.

Car insurance prices in Detroit
Rank City Annual Premium
1 Detroit $4,862
2 Dearborn $4,082
3 Southfield $3,980
4 Pontiac $3,567
5 Warren $3,423
6 Flint $3,371
7 Taylor $3,210
8 Dearborn Heights $3,207
9 Sterling Heights $3,044
10 Westland $2,821
11 Farmington Hills $2,758
12 St. Clair Shores $2,736
13 Troy $2,640
14 Livonia $2,608
15 Rochester Hills $2,542
16 Royal Oak $2,537
17 Saginaw $2,481
18 Battle Creek $2,450
19 Novi $2,439
20 Lansing $2,439
21 Kalamazoo $2,282
22 Grand Rapids $2,252
23 Kentwood $2,183
24 Wyoming $2,130
25 Ann Arbor $2,065
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Rate information is estimated as the specific garaging location can revise prices noticeably.

The information below illustrates how your choice of deductibles can change insurance premiums when getting quotes for cheap insurance for 20 year old guys. The costs are based on a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.

The chart above illustrates that a 40-year-old driver could save $480 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $728 by using a $1,000 deductible. Younger drivers, like the 20-year-old, can cut up to $1,602 each year just by choosing higher deductibles when buying full coverage. When increasing deductibles, it will be necessary to have plenty of money set aside to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Discount Detroit auto insurance

Cheaper Detroit, MI car insurance for young menInsurers that offer quotes for 20 year old guys may also provide special discounts that could potentially reduce rates by 25% or more if you qualify for them. Larger car insurance companies and the discounts they provide are detailed below.

The diagram below illustrates the comparison of premium costs with and without some available policy discounts. The rate quotes are based on a male driver, no accidents or driving violations, Michigan state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with passive restraint, anti-theft, vehicle safety, paperless filing, paid-in-full, and good student discounts applied. In this example, theamount saved on car insurance for 20 year old guys is 19% or $611.

The importance of shopping around

Detroit car insurance rates are influenced by many factors that can increase the price you have to pay for coverage. Improving your credit rating, buying a home instead of renting, or getting a few speeding tickets can trigger rate changes that may make certain companies cheaper in comparison to the competition. Not only may your situation change, but car insurance companies file new Michigan car insurance rates every year or even multiple times each year to ensure their profitability. Significantly higher claims may cause higher priced premiums, while a lower level of claims may cause more affordable Detroit car insurance rates.

The bar chart below shows which companies have the cheapest car insurance in Detroit, MI for a 35-year-old male driver with no violations or accidents, and good financial standing. If we estimate prices based on his current risk factors, USAA might offer the cheapest car insurance rates in Detroit at $2,302 per year. This is $91 less than the average price paid by Michigan drivers of $2,393. GEICO, Safeco, MetLife, and Chubb are also on the list of the best Detroit, MI auto insurance companies.

Now we will pretend the driver from the above example an at-fault accident, poor credit, and a few blemishes on his driving record. Since every car insurance company has their own process to determining premium rates, analyzing rate quotes may now show a substantially altered list of companies as shown below.

GEICO now has the lowest price in Detroit, MI with Safeco, MEEMIC, Hastings Mutual, and USAA now rounding out the top five. This example shows why it is crucial to shop around with many companies when trying to find the best auto insurance quotes for 20 year old guys.

Insurance prices can be altered by many different factors and can increase or decrease at any time, so the most economical option a year ago may now be an over-priced policy.