Buying low-priced insurance is not always easy, and figuring out which companies offer the cheapest auto insurance rates for 20 year old guys will involve even more work. Each auto insurer uses a little different formula to set their prices, so let’s rank the lowest cost auto insurance companies in Buffalo, NY.
It’s important that you understand Buffalo auto insurance rates are impacted by many factors which can substantially decrease or increase your annual premium. That is why it is so important to compare lots of rates when trying to get the cheapest auto insurance rates for 20 year old guys. Auto insurance prices are determined by many things and change substantially, so the lowest-price company three years ago may now be wasting a lot of money.
Find the Cheapest Auto Insurance for Men Age 20
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,199 |
| 2 | Erie | $1,255 |
| 3 | Utica National | $1,504 |
| 4 | Progressive | $1,512 |
| 5 | Travelers | $1,513 |
| 6 | MetLife | $1,572 |
| 7 | Allstate | $1,588 |
| 8 | Amica | $1,644 |
| 9 | Preferred Mutual | $1,737 |
| 10 | GEICO | $1,850 |
| 11 | New York Central Mutual | $1,874 |
| 12 | State Farm | $1,924 |
| 13 | Safeco | $1,966 |
| 14 | Central Mutual | $2,028 |
| 15 | Liberty Mutual | $2,066 |
| 16 | Hanover | $2,369 |
| 17 | Encompass | $2,662 |
| 18 | Nationwide | $3,178 |
| 19 | Mercury | $3,848 |
| 20 | 21st Century | $4,324 |
| View More Rates Go | ||
USAA has some of the lowest car insurance rates in Buffalo at around $1,199 each year. This is $876 less than the average policy premium paid by New York drivers of $2,075. Erie, Utica National, Progressive, and Travelers would also be considered some of the cheaper Buffalo, NY insurance companies.
As shown in the rates above, if you are a policyholder with Progressive and switched to USAA, you could realize savings of approximately $313. Customers with Travelers may save as much as $314 a year, and MetLife customers might cut rates by $373 a year.
To compare your rates to other New York insurance companies, click here to start your free quote or visit any of the low-priced companies below.
These rates are averaged for all drivers and vehicles in New York and are not factoring in an exact vehicle garaging location for 20 year old guys. So the insurer that can offer you the best rate may not even be in the top 20 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own driver data and vehicle information.
The vehicle model that needs insurance is one of the primary factors when looking for affordable insurance for 20 year old guys. Vehicles with lower performance, a great safety record, or a positive history of liability claims will cost less to insure than higher performance models. The next table ranks auto insurance rates for a number of the most budget-friendly automobiles to buy coverage for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $5,424 |
| Ford Escape XLT 2WD | $5,430 |
| Toyota Prius | $5,992 |
| Ford Explorer XLT AWD | $6,034 |
| Toyota RAV4 Limited 4WD | $6,439 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $6,520 |
| Chevrolet Malibu LT | $6,528 |
| Dodge Grand Caravan SXT | $6,520 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $6,523 |
| Ford Focus SES 4-Dr Sedan | $6,762 |
| Toyota Corolla S | $6,843 |
| Toyota Camry SE | $6,852 |
| Hyundai Elantra SE 4-Dr Sedan | $6,843 |
| Chevrolet Impala LTZ | $6,849 |
| Ford Edge Sport 2WD | $6,843 |
| Compare Cheap Rates Go | |
Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in specific garaging location which can increase or decrease auto insurance rates noticeably.
Based on these rates, you can presume that makes and models like the Honda CR-V, Ford Escape, Toyota Prius, and Ford Explorer are going to be a few of the cheapest vehicles to insure for young men. Rates will be higher anyway just due to the fact that there is more claim risk for 20 year old guys, but generally speaking those particular vehicles will probably have the cheapest car insurance rates that you are likely to find.
For young men, one of the more important criteria that aid in calculating auto insurance rates is where you keep your vehicle in Buffalo. Areas with more people or more claims likely pay more, whereas more rural areas can boast about having cheaper rates.
The table below rates the most expensive places in New York for 20 year old guys to buy an auto insurance policy in. Buffalo is ranked #13 with the annual price of $1,503 for the average insured, which is around $125 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | New York | $2,735 |
| 2 | Freeport | $2,235 |
| 3 | Hempstead | $2,211 |
| 4 | Levittown | $2,041 |
| 5 | Yonkers | $1,958 |
| 6 | Mount Vernon | $1,938 |
| 7 | Brentwood | $1,910 |
| 8 | Hicksville | $1,900 |
| 9 | West Babylon | $1,856 |
| 10 | Coram | $1,784 |
| 11 | New Rochelle | $1,627 |
| 12 | White Plains | $1,612 |
| 13 | Buffalo | $1,503 |
| 14 | West Seneca | $1,225 |
| 15 | Cheektowaga | $1,203 |
| 16 | Niagara Falls | $1,201 |
| 17 | Tonawanda | $1,177 |
| 18 | Syracuse | $1,130 |
| 19 | Utica | $1,092 |
| 20 | Albany | $1,067 |
| 21 | Schenectady | $1,062 |
| 22 | Rochester | $1,056 |
| 23 | Troy | $1,053 |
| 24 | Irondequoit | $1,021 |
| 25 | Binghamton | $912 |
| Compare Prices Now Go | ||
Price information shown is approximated as the specific geographic location can impact premium rates substantially.
Careless driving habits raise auto insurance rates
The easiest way to enjoy low auto insurance rates for young men is to be a careful driver and have a clean driving record. The illustration below highlights how speeding tickets and fender-benders increase insurance prices for different age groups of insureds. The rate quotes are based on a single female driver, full coverage, $250 deductibles, and no discounts are applied.
In the example above, the average cost of car insurance in Buffalo per year with no violations or accidents is $1,328. Factor in two speeding tickets and the average cost swells to $1,779, an increase of $451 each year. Now add in one accident along with the two speeding tickets and the yearly cost of auto insurance for 20 year old guys goes up to an average of $2,228. That’s an increase of $900, or $75 per month, just for not driving attentively!
What is the best auto insurance company in New York?
Picking the top insurer can be difficult considering how many companies sell coverage in Buffalo. The company rank data listed below may help you choose which auto insurance companies to look at comparing rates from. These rankings are only comprised of the largest companies in America, so companies that focus mainly on New York business are not factored into the list.
Top 10 Major Auto Insurance Providers Overall in Buffalo
- The General
- Mercury Insurance
- The Hartford
- Progressive
- Travelers
- State Farm
- Farmers Insurance
- Erie Insurance
- Safeco Insurance
- USAA
Top 10 Major Auto Insurance Providers in Buffalo Ranked by Customer Service
- Mercury Insurance
- The Hartford
- American Family
- Progressive
- USAA
- Travelers
- State Farm
- GEICO
- Allstate
- Farmers Insurance
Why are you paying too much for car insurance?
Buffalo, NY auto insurance rates are determined by lots of factors which can substantially change the price of your policy. Simply having another birthday, moving to a new city, or getting a speeding ticket can cause premium changes that may make certain companies cheaper than competitors.
Not only may your risk profile change, but auto insurance companies change prices without warning to adjust for heavy claims or excess profits. A period of higher than normal claims can cause high rates, while a better loss history can produce cheaper Buffalo car insurance rates.
To help illustrate this point, the graph below shows the cheapest car insurance in Buffalo, NY for a 40-year-old female driver with a clear driving record, no claims, and a decent credit rating. If we compare prices based on her current rating profile, USAA quotes the cheapest car insurance rates in Buffalo at $1,955 annually. This is $120 less than the average policy premium paid by New York drivers of $2,075. Erie, Progressive, Utica National, and Travelers also make the list of the most affordable Buffalo, NY auto insurance companies.
The next chart shows rates after we give the driver from the first set of rates a couple of claims, a lower credit rating, and a traffic citation. Due to the fact that each insurance company uses their own calculation for establishing rates, getting updated rate quotes could result in a significantly different list of cheap Buffalo auto insurance companies as shown below.
Allstate now has the best car insurance rate in Buffalo with MetLife, Erie, Preferred Mutual, and New York Central Mutual also being competitive. This demonstrates why Buffalo drivers need to shop around with many companies when trying to find the lowest car insurance quotes for 20 year old guys.
Prices are influenced by many factors and change dramatically, so the most economical option when you last compared rates may now be quite expensive.