Who Has the Cheapest Insurance Quotes for Drivers with Good Credit in California?

The words “low-priced” and “insurance” probably shouldn’t be used together, specifically when you are trying to find the lowest insurance prices for drivers with good credit. To help control this cost, let’s lead off by showing you some of the things that have a considerable impact on car insurance premiums, and see how we can help you shave a little off your next policy.

Comparing quotes for affordable auto insurance is hard enough, and figuring out which company offers the cheapest car insurance rates for drivers with good credit involves even more work. Policy prices will be somewhat cheaper than the average rate in California because of the reduced risk that goes along with offering insurance for financially responsible drivers. Economical insurance should be available from a lot of good insurance companies.
Each insurance company has a unique approach for determining rates in each state, so let’s take a look at the car insurance companies with the overall best prices in California.

Best Car Insurance Prices for High Credit

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USAA generally has some of the most affordable car insurance rates in California at around $1,109 a year. Century National, Wawanesa, Nationwide, and CSAA are also some of the more affordable California auto insurance companies.

As illustrated above, if you are a policyholder with Nationwide and switched to Century National, you might see a yearly savings of approxmiately $48. California drivers with CSAA may save as much as $56 a year, and 21st Century policyholders might reduce prices by as much as $147 a year.

If you would like to find the cheapest insurance for drivers with good credit in California, click here to get quotes or visit several of the following companies.

It’s important to note that these premium estimates are averaged across all drivers and vehicles in California and do not take into consideration a rate decrease for drivers with good credit. So the car insurance company that fits your age and vehicle best may not even be shown in the list above. That’s why you need to get car insurance quotes using your own personal information and vehicle type.

One of the more important things that play a part in determining insurance cost is where you live. Areas with more people or even just a higher incidence of claims like Los Angeles, Sacramento, and Oakland tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims receive better rates.

The next table illustrates the highest-priced areas in California for drivers with good credit in which to buy car insurance.

Annual rates are comparative as the specific area where the vehicle is garaged can alter premiums noticeably.

The model of vehicle you are buying coverage for is probably the most important factor in finding the cheapest insurance for drivers with good credit in California. Vehicles with high performance engines, a lack of advanced safety features, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models.

The tables below showcases auto insurance premiums for some of the most budget-friendly automobiles to insure in California.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate information does not factor in specific California garaging location which can increase or decrease premium rates considerably.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rate information does not factor in the specific area where the vehicle is garaged which can lower or raise premiums considerably.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium costs do not factor in specific zip code location which can decrease or increase auto insurance rates greatly.

Rate comparison of full coverage and liability-only

Finding the cheapest insurance for drivers with good credit in California is probably important to the majority of vehicle owners, and an effective way to pay less for insurance is to only buy liability coverage. The chart below illustrates the difference between annual premium costs with full coverage and liability only. The price estimates are based on no claims or driving citations, $500 deductibles, single status, and no discounts are applied to the premium.

As an average for all age groups, comprehensive and collision coverage on your policy costs $2,816 per year over having just liability coverage. That amount may make you wonder if buying full coverage is a good investment. There is no definitive rule of when to eliminate physical damage coverage, but there is a broad guideline. If the annual cost of coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

There are some scenarios where dropping physical damage coverage is not financially feasible. If you still have a lienholder on your title, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

The chart below illustrates how choosing a deductible can increase or decrease insurance premiums when getting quotes for cheap insurance for drivers with good credit. The premiums are based on a married male driver, full coverage, and no discounts are factored in.

As shown above, a 30-year-old driver could lower rates by $476 a year by increasing from a $100 deductible up to a $500 deductible, or save $718 by using a $1,000 deductible. Younger drivers, like the 20-year-old category, could roll back prices $1,434 every year by choosing a higher deductible. When choosing a higher deductible, it will be required to have additional savings on hand to allow you to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Is Progressive, Allstate, State Farm, or Geico cheaper?

If you want the best car insurance for financially responsible drivers, the most popular companies are Progressive, Allstate, State Farm, and Geico. Between them, they make up about half of all auto insurance written. The data below points out ratings and policy coverage options you can expect with each one.