What Insurance is Cheapest for a 20 Year Old Female in Fresno?

The car, truck, or SUV to be insured is one of the largest factors when consumers are trying to find affordable coverage for 20 year old women. Vehicles with economical engines, a great safety record, or a low likelihood of liability claims will cost less to insure than higher performance models.

The table below illustrates auto insurance premiums for a selection of the most cost-effective vehicles to buy coverage for.

Cheapest Vehicles to Insure in Fresno, CA
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $2,156
Honda Accord LX 4-Dr Sedan $2,161
Ford Escape Limited 4WD $2,324
Toyota Prius $2,356
Honda Odyssey LX $2,385
Ford Explorer Eddie Bauer 2WD $2,416
Volkswagen Jetta 2.0T Station Wagon $2,495
Chevrolet Impala LS $2,522
Dodge Grand Caravan Hero $2,553
Jeep Grand Cherokee Laredo 2WD $2,561
Chevrolet Malibu Hybrid $2,553
Toyota RAV4 Limited 2WD $2,560
GMC Sierra SLE Crew Cab 2WD $2,553
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Prices based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in your specific Fresno, CA location which can raise or lower prices substantially.

Looking at the rates, vehicles like the Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius are some of the most budget-friendly vehicles to insure for young women. The price for car insurance will be more expensive just due to the fact that there is more liability risk for 20 year old women, but in general those specific models will have the least expensive rates compared to other types of vehicles.

For young women, one of the more important things that aid in calculating insurance cost is where you call home. Areas with more people or more claims tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents profit from lower rates.

The information below rates the priciest cities in California for 20 year old women in which to purchase auto insurance. Fresno ranks #14 with the annual price of $1,517 for car insurance, which is approximately $126 each month.

How much does car insurance cost in Fresno, CA?
Rank City Annual Rate
1 Los Angeles $2,168
2 Glendale $2,121
3 San Francisco $1,763
4 Oakland $1,687
5 Sacramento $1,652
6 San Bernardino $1,628
7 Santa Clarita $1,595
8 Stockton $1,588
9 Long Beach $1,578
10 Modesto $1,547
11 Riverside $1,542
12 Garden Grove $1,524
13 Fontana $1,519
14 Fresno $1,517
15 Moreno Valley $1,506
16 Santa Ana $1,497
17 Anaheim $1,488
18 Huntington Beach $1,416
19 San Diego $1,381
20 San Jose $1,381
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Prices are estimated as zip code location can influence rates considerably.

The information below shows how choosing a deductible can change insurance premiums when trying to find cheap insurance for 20 year old women. The costs are based on a married female driver, comp and collision included, and no policy discounts are applied.

The data above shows that a 50-year-old driver could cut expenses by $360 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $544 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old example, can cut up to $896 or more by choosing a higher deductible. When using a larger deductible, it is essential to have spare funds to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Full coverage rates compared to liability-only

Finding cheaper auto insurance is probably important to the majority of drivers, and one of the quickest ways to buy cheaper insurance for 20 year old women is to buy liability only. The example below shows the comparison of insurance costs with full coverage and liability only. The data is based on no violations or accidents, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

If averaged for all ages, physical damage coverage on your policy costs an additional $2,075 per year over and above liability coverage. Many drivers will wonder if paying for full coverage is a waste of money. There is no clear-cut rule of when to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s say your vehicle’s replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after you pay the deductible. If premiums are more than $300 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

Don’t make the mistake of not shopping around

Fresno auto insurance rates are influenced by many factors that can increase the price you pay. Simply having a birthday, buying a different home, or getting caught speeding can produce rate changes resulting in some companies being much cheaper than others.

Not only that, but insurers file new California car insurance rates every year to reflect underwriting profits or losses. Significantly higher losses may result in increased policy costs, while profitable underwriting may produce cheaper Fresno car insurance rates.

To illustrate this point, the bar chart below shows which company has the cheapest car insurance in Fresno, CA for a 45-year-old female driver with a clear driving record, no claims, and a high credit rating. When quoting prices based on her personal risk profile, USAA might quote the cheapest car insurance rates in Fresno at $1,258 each year. This is $393 less than the average policy premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide also make the list of the top five cheapest Fresno, CA auto insurance companies.

In this example, we will give the driver from the above example a couple of claims, a lower credit rating, and a stop sign violation. Because each insurer has a proprietary method for determining rates in each state, comparing prices may now result in a significantly different list of cheap Fresno auto insurance companies as shown below.

Grange now has the lowest car insurance rate in Fresno, CA with Allstate, Mercury, Progressive, and GEICO now rounding out the top five. This example proves why it is critical to spend some time comparing rates when trying to get affordable insurance rates for 20 year old women.

Insurance rates are impacted by many different factors and change dramatically, so the best price the last time you shopped your coverage around may now cost much more than other companies.

If you have questions and prefer to have professional advice when comparing insurance rates for young women, the agents listed below are willing to answer your questions and help you decide which coverage meets your needs best. To find an auto insurance agency close to where you live, click the link at the bottom or click here to get price quotes now.

Marc Bomarito – State Farm Insurance Agent
9497 N Fort Washington Rd Ste 101Fresno, CA 93730(559) 224-8660

Allstate Insurance: Ron Meadows
1750 E Bullard Ave Ste 101Fresno, CA 93710(559) 432-0656

Janean Wolfe – State Farm Insurance Agent
7089 N Marks Ave #105Fresno, CA 93711(559) 432-6392

More Fresno, CA insurance agents