Figuring out which companies have the cheapest insurance rates in Los Angeles takes more time in order to find the lowest price quote.
Every car insurance company has a different formula to set premium rates, so let’s examine the insurance companies that tend to have lower prices in Los Angeles. It’s a good idea to know that Los Angeles insurance rates are impacted by many things which can substantially decrease or increase the price of coverage. Simply having a birthday, getting married, or getting caught speeding may generate price changes that can now make some companies more affordable than others.
USAA generally has some of the cheapest car insurance rates in Los Angeles at around $1,121 each year. Century National, Wawanesa, Nationwide, and CSAA also rank well as some of the more affordable Los Angeles, CA auto insurance companies.
In the rate table above, if you currently have coverage with Nationwide and switched to Century National, you might realize an annual savings of about $35. Policyholders with CSAA might save as much as $44 a year, and 21st Century policyholders might reduce prices by as much as $147 a year.
Bear in mind that those policy rates are averages across all drivers and vehicles and and are not calculated with a specific zip code in Los Angeles. So the car insurance company that has the cheapest price for you may not even be in the top 24 companies shown above. That points out the importance of why you need to compare rates from multiple companies using your own driver and vehicle profiles.
For drivers in Los Angeles, one of the largest considerations that are looked at to determine the price you pay for insurance is your zip code. Cities with larger populations will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper car insurance.
The table below lists the highest-priced areas in California to purchase a policy in. Los Angeles is ranked #2 with an annual cost of $2,104 on average, which is approximately $175 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Glendale | $2,121 |
| 2 | Los Angeles | $2,104 |
| 3 | Oakland | $1,755 |
| 4 | San Francisco | $1,711 |
| 5 | Sacramento | $1,703 |
| 6 | Fontana | $1,581 |
| 7 | Santa Clarita | $1,580 |
| 8 | San Bernardino | $1,580 |
| 9 | Long Beach | $1,578 |
| 10 | Stockton | $1,556 |
| 11 | Moreno Valley | $1,536 |
| 12 | Modesto | $1,532 |
| 13 | Garden Grove | $1,508 |
| 14 | Riverside | $1,497 |
| 15 | Anaheim | $1,474 |
| 16 | Fresno | $1,457 |
| 17 | Santa Ana | $1,453 |
| 18 | San Jose | $1,395 |
| 19 | San Diego | $1,381 |
| 20 | Huntington Beach | $1,374 |
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Prices are estimated as zip code location can increase or decrease auto insurance rates significantly.
The vehicle model you are buying coverage for is one of the largest considerations that determines the availability of cheap insurance in Los Angeles. Vehicles with reasonable performance levels, excellent safety ratings, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.
The data below ranks car insurance prices for some of the most affordable automobiles to insure in California.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Toyota Tacoma 2WD | $2,247 |
| Ford Escape XLT 4WD | $2,269 |
| Honda CR-V EX-L 4WD | $2,278 |
| Jeep Grand Cherokee Laredo 4WD | $2,292 |
| Dodge Grand Caravan Crew | $2,336 |
| Ford Explorer Eddie Bauer 4WD | $2,346 |
| Hyundai Elantra Blue 4-Dr Sedan | $2,367 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $2,374 |
| Honda Accord LX-P 4-Dr Sedan | $2,380 |
| Toyota Corolla LE | $2,412 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $2,500 |
| Ford Edge SEL 2WD | $2,576 |
| Volkswagen Jetta S 2.5 Station Wagon | $2,586 |
| Ford F-150 XL Super Cab 2WD | $2,611 |
| Hyundai Sonata Limited 4-Dr Sedan | $2,624 |
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Prices do not factor in specific location information which can lower or raise prices noticeably.
Looking at the numbers, you can figure that models like the Toyota Tacoma, Ford Escape, Honda CR-V, Jeep Grand Cherokee, and Dodge Grand Caravan will definitely be the most economical vehicles to insure for drivers in Los Angeles.
The example below demonstrates how deductibles can impact insurance prices when searching for cheap insurance in Los Angeles. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.
As shown above, a 40-year-old driver could pocket $300 a year by changing from a $100 deductible up to a $500 deductible, or save $456 by selecting a $1,000 deductible. Even younger insureds, such as the Age 20 example, could reduce their rates as much as $750 every year just by choosing higher deductibles. If you do make the decision to raise your deductibles, it’s a good idea to have emergency funds available to allow you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Cautious drivers save money
The easiest way to obtain the most affordable car insurance premiums for drivers in Los Angeles is to drive attentively and avoid accidents and traffic citations. The information below highlights how speeding tickets and at-fault accidents can raise auto insurance costs for different age groups of insureds. The costs are based on a single female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
In the previous chart, the average cost of a car insurance policy per year with a clean driving record and no accidents is $2,161. Factor in two speeding tickets and the average cost rises to $2,898, an increase of $737 each year. Then throw in one accident along with the two speeding tickets and the yearly cost of car insurance in Los Angeles increases to an average of $3,639. That’s an increase of $1,478, or $123 per month, just for not being a responsible driver!
How to find cheaper auto insurance in Los Angeles
The list below summarizes many money-saving ideas that can help you find cheap coverage.
- Higher credit scores may earn you cheaper rates
- Be a safe driver
- Staying accident-free helps keep rates low
- Higher physical damage deductibles lower rates
- Lower rates by purchasing a safer vehicle
- Shop around and save
That last tip is notably critical, as was noted in this write-up. Coverage rates fluctuate constantly, so don’t be unwilling to change insurance companies if a better rate can be found.
Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that loyalty results in overpaying hundreds of dollars year after year. It only takes a couple minutes to shop around and find cheaper car insurance in Los Angeles in Los Angeles.