Table of Contents:
- California Auto Insurance Costs by Insurer
- California Auto Insurance Premiums by Driver Age
- California Car Insurance Premiums by Gender and Marital Status
- Average California Insurance Rates After A Violation or Accident
- California Auto Insurance Premiums by Credit Tier
- Expensive California Cities
- Cheaper California Cities
- List of Insurance Companies in California
- No-fault Insurance in California Information
- Driving in California
California Auto Insurance Costs by Insurer
ValuePenguin reports that GEICO is the most affordable auto insurance option for most California drivers. The website says that the company charges an average of just 70% of the statewide average, or about $433 for an annual policy.
The premium is the cost of your auto insurance policy. When you pay your premium as agreed in your policy documents, you receive coverage for the specified term (usually 6 to 12 months).
For minimum coverage only, these companies have the lowest annual rates on average:
- CSAA: $698
- GEICO: $787
- Grange Insurance Association: $644
- Travelers Insurance: $870
- Wawanesa: $822
These numbers were reported by the website Full Coverage Auto Insurance.
California Auto Insurance Premiums by Driver Age
Because young drivers are more likely to cause auto accidents, insurance policies cost more for motorists ages 16 to 25. Teen drivers pay an especially high price for auto coverage. The Zebra reports these average annual auto insurance prices by age in California:
- Age 16: $7175.12
- Age 17: $6853.99
- Age 18: $6021.14
- Age 19: $4428.57
- 20s: $2416.70
- 30s: $1618.56
- 40s: $1563.19
- 50s: $1449.50
- 60s: $1408.62
- 70s: $1568.61
You’ll notice that drivers in their 70s have an increased premium, since this age group also has a higher risk of accidents and other claims.
California Car Insurance Premiums by Gender and Marital Status
Many married drivers pay less than single drivers for auto insurance in California. Here are the average policy rates from top insurance companies serving the state:
- Allstate: $1881 married, $2084 single
- Auto Club: $1601 married, $1712 single
- CSAA: $1932 for both single and married applicants
- Farmers Insurance: $2085 married, $2275 single
- GEICO: $1222 married, $1432 single
- Mercury: $1487 married, $1324 single
- Progressive: $1608 married, $1263 single
- State Farm: $2008 for both single and married applicants
Average California Insurance Rates After A Violation or Accident
NerdWallet recommends these insurance companies as the best option for full coverage if you have a clean driving record:
- CSAA: $2659 for an annual policy
- Esurance: $2581 for an annual policy
- GEICO: $2587 for an annual policy
- Grange Insurance Association: $2325 for an annual policy
- Wawanesa: $2080 for an annual policy
The website reports that these companies offer the most affordable annual minimum coverage rates if you have a recent accident:
- CSAA: $1046
- Esurance: $1372
- GEICO: $1082
- Grange Insurance Association: $780
- Travelers Insurance: $1378
The Zebra reports these average annual premium costs for drivers with common violations in California:
- Speeding: $2324.98
- At-fault accident: $2676.87
- Driving with an open container of alcohol: $3130.47
- Ticket for reckless driving or driving under the influence: $4689.59
California Auto Insurance Premiums by Credit Tier
According to Consumer Watchdog, California has banned insurance companies from using credit history to calculate auto insurance quotes. If you have poor credit, you will receive the same auto insurance rates as drivers who have higher credit scores.
Expensive California Cities
Nerd Wallet reports that 17 of the 20 most expensive auto insurance cities in California are in Los Angeles. The locations with the costliest premiums in the Golden State include Burbank, Glendale, Los Angeles, Santa Monica, South Gate, Inglewood, Hawthorne, Sacramento, El Monte, Baldwin Park, Palmdale, San Francisco, Downey, Compton, Lynwood, Huntington Park, Norwalk, Monterey Park, Richmond, and Bellflower.
Cheaper California Cities
Drivers in these California cities have lower auto insurance than average compared to drivers who live elsewhere: Lake Forest, Encinitas, Pleasanton, Livermore, Watsonville, Porterville, Santa Barbara, Santa Cruz, Ventura, Santee, Chico, Hanford, Camarillo, Cupertino, Redding, Petaluma, San Clemente, San Ramon, and Santa Maria.
List of Insurance Companies in California
Bankrate has developed a list of the largest insurance companies in California, which includes Allstate, American Family, Farmers Insurance, GEICO, Nationwide, Progressive, State Farm, Liberty Mutual, USAA, and Travelers Insurance.
No-Fault Insurance in California Information
California requires drivers to carry $15000 of bodily injury liability insurance per person, $30000 per accident for bodily injury liability per accident, and $15000 for property damage liability. You do not have to carry uninsured motorist protection or MedPay (called personal injury protection in most states), but you can purchase these policies as optional add-ons.
Liability insurance pays for property damage and bodily injury for other people if you cause an auto accident. In this case, it does not cover injuries you or your passengers experience in an accident you cause. For this type of coverage, you must purchase California MedPay through your auto insurance provider.
Uninsured motorist coverage pays your bills if you have an accident caused by a driver with no or limited auto insurance. You must sign a waiver if you decide not to buy this type of policy.
Driving in California
Some drivers can apply for insurance through California’s Low Cost Auto Insurance program. You can access a policy with no broker fees and affordable payment plans if you earn less than 250% of the federal poverty level, have a car worth no more than $25000, and have a current state driver’s license.
Drivers who buy or lease a vehicle in California usually have to pay for full coverage under the terms of their leases or auto loans. Full coverage includes comprehensive, collision, and liability insurance. You will be covered for auto accidents as well as losses caused by vandalism, extreme weather, fire, or theft.
You might also want to purchase GAP coverage. This type of policy covers the difference between what you owe on your auto loan and the value of your vehicle if you total your car and receive less than your remaining balance from the insurance company.
Drivers in California have many auto insurance options and should compare rates from both location and national companies to get the best rates for full coverage car insurance.
Sources:
https://www.valuepenguin.com/best-cheap-car-insurance-california
https://www.fullcoverageautoinsurances.com/california/
https://www.bankrate.com/insurance/car/carriers/
The Most and Least Expensive Cities for Car Insurance in California
https://consumerwatchdog.org/newsrelease/calif-senate-passes-ban-use-credit-history-insurers
https://www.thezebra.com/auto-insurance/california-car-insurance/ca-average-cost-of-auto-insurance/
https://www.caranddriver.com/shopping-advice/a22563787/best-first-cars/
This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io
Source link
