The words “bargain” and “insurance” probably shouldn’t be used in the same sentence, specifically when you are searching for the lowest insurance prices for 20 year old women. Let’s familiarize you with some situations that impact auto insurance premiums, and find out if we can help you take a little off your next policy.
The vehicle you are trying to insure is a large consideration when consumers are trying to find the most affordable insurance for 20 year old women. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost less to insure than higher performance models. The next list outlines auto insurance premiums for a handful of the most cost-effective vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$3,659|
|Ford Escape XLT 4WD||$3,715|
|Hyundai Elantra SE Touring Station Wagon||$3,949|
|Ford Edge Limited 2WD||$4,286|
|Ford Focus SE 4-Dr Sedan||$4,296|
|Honda Odyssey EX W/Rear Entertainment||$4,286|
|Ford Fusion S 4-Dr Sedan||$4,342|
|Chevrolet Equinox LS 2WD||$4,352|
|Toyota RAV4 Sport 2WD||$4,342|
|Volkswagen Jetta LE 4-Dr Sedan||$4,351|
|Toyota Camry LE||$4,342|
|Chevrolet Impala LT||$4,351|
|Chevrolet Malibu LS||$4,342|
|Dodge Grand Caravan Crew||$4,394|
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Table data represents single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wisconsin minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in vehicle garaging location which can change premiums significantly.
Based on these rates, we can infer that cars like the Honda CR-V, Ford Escape, and Hyundai Elantra are most likely going to be the cheapest vehicles to insure for young women. Car insurance rates will tend to be more expensive anyway just because there is more risk for 20 year old women, but overall those particular vehicles will probably have the cheapest auto insurance rates available.
For young women, one of the more important components that help determine car insurance rates is where you normally keep your vehicle. More populated areas tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.
The next table sorts the highest-priced places in Wisconsin for 20 year old women to purchase a policy in. Milwaukee shows up at #1 with an annual cost of $1,368 for the average insured, which is around $114 each month.
|19||Fond du Lac||$995|
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Table data uses comparative as vehicle location can influence price quotes noticeably.
Establishing which company quotes the cheapest auto insurance rates for 20 year old women calls for a bit more work in order to find the best price. Every auto insurer uses a slightly different approach for determining rates, so let’s look at the rankings for the most competitive auto insurance companies in Milwaukee.
It’s important that you understand Milwaukee auto insurance rates are determined by lots of factors which can substantially change your annual premium. Simply improving your credit, increasing deductibles, or getting a couple of tickets can trigger price changes that can make some companies cheaper than competitors.
Find Cheaper Auto Insurance for Women Age 20
USAA normally has some of the most affordable car insurance rates in Milwaukee at around $604 per year. Partners Mutual, Erie, Nationwide, and Rockford Mutual would also make the list of some of the more affordable Milwaukee, WI insurance companies.
As depicted above, if you are insured with Nationwide and switched to Partners Mutual, you might see annual savings of in the vicinity of $144. Policyholders with Rockford Mutual may save as much as $146 a year, and Pekin Insurance insureds might see rate reductions of $160 a year.
Understand that those rates are averages for all drivers and vehicles and and are not figured with a specific location for 20 year old women. So the company that can offer you the lowest price may not even be in the list above. That’s why you need to get quotes using your own driver data and vehicle information.
Insurance rate increases from tickets or accidents
The best way to obtain the most affordable auto insurance rates for young women is to drive safe and maintain a clean driving record. The information below shows how violations and at-fault accidents can increase car insurance rates for different ages of insureds. The premiums assume a single male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
The chart shows that the average cost of a car insurance policy in Milwaukee per year with a clean driving record and no accidents is $974. Factor in two speeding tickets and the average cost rises to $1,280, an increase of $305 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance for 20 year old women jumps again to an average of $1,589. That’s an increase of $615, or $51 per month, just for not maintaining a clean driving record!
The illustration below highlights how deductible selection can impact insurance costs when searching for cheap insurance for 20 year old women. The rate quotes are based on a single male driver, full physical damage coverage, and no other discounts are factored in.
The data above shows that a 40-year-old driver could reduce rates by $226 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $340 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could save $746 every year by using higher deductibles when buying full coverage. If you do raise deductibles, it’s a good idea to have enough spare savings to enable you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Tips for buying economical insurance for 20 year old women
It’s not impossible to find cheaper rates, and here are a few money-saving ideas that can help Wisconsin drivers locate cheaper coverage.
- Do not get traffic citations
- Don’t waste money on full coverage for older vehicles
- Drive attentively and avoid accidents
- Try to remain claim-free
- Buying home and auto insurance together can earn discounts
- Vehicles with good safety ratings have lower liability rates
- Keep rates low by shopping around frequently
That final tip is remarkably necessary, as was affirmed in this article. Rates in Milwaukee can be modified anytime, so drivers shouldn’t hesitate to change to a new company if a lower price can be found.
Many consumers stick with the same company and that’s fine, but it’s not recommended if that loyalty ends up costing money that could be used for better things. In just a few minutes you could compare prices and find cheaper car insurance for 20 year old women.
The auto insurance agents in Milwaukee shown below are willing to help you determine which insurance coverage will be best for you, since some people prefer to get some professional advice when trying to find the best insurance rates for 20 year old women. It’s not always easy to find the cheapest auto insurance company, so getting professional guidance from a licensed agent can add comfort knowing your policy gives you enough protection.
To find a Milwaukee insurance agency nearest to you, click the button following the list.
- American Family Insurance – Joseph Setum Jr
3457 S Kinnickinnic Ave – Milwaukee, WI 53207 – (414) 769-0701
- Allstate Insurance: Tom Hoffman
2090 Miller Park Way – West Milwaukee, WI 53219 – (414) 384-1200
- Unisource Insurance Associates, LLC
10425 W North Ave #226 – Milwaukee, WI 53226 – (414) 774-7040
- Wesley Insurance
5600 W Center St – Milwaukee, WI 53210 – (414) 873-4500