For financially responsible drivers, one of the largest things that are used to help calculate car insurance rates is the neighborhood you call home. Larger areas tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims have the benefit of cheaper car insurance.
The illustration below lists the most expensive areas in California for drivers with good credit to purchase a policy in. Riverside ranks #14 with the annual price of $1,497 for car insurance, which is approximately $125 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Los Angeles | $2,104 |
| 2 | Glendale | $2,079 |
| 3 | Oakland | $1,738 |
| 4 | San Francisco | $1,711 |
| 5 | Sacramento | $1,703 |
| 6 | Long Beach | $1,610 |
| 7 | San Bernardino | $1,580 |
| 8 | Santa Clarita | $1,548 |
| 9 | Stockton | $1,541 |
| 10 | Fontana | $1,535 |
| 11 | Fresno | $1,517 |
| 12 | Garden Grove | $1,508 |
| 13 | Modesto | $1,502 |
| 14 | Riverside | $1,497 |
| 15 | Moreno Valley | $1,491 |
| 16 | Anaheim | $1,488 |
| 17 | Santa Ana | $1,483 |
| 18 | San Jose | $1,437 |
| 19 | Fremont | $1,403 |
| 20 | Huntington Beach | $1,402 |
| 21 | San Diego | $1,368 |
| 22 | Oxnard | $1,358 |
| 23 | Bakersfield | $1,340 |
| 24 | Chula Vista | $1,337 |
| 25 | Irvine | $1,330 |
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Premium amounts are comparative as the garaging address in Riverside can influence price quotes significantly.
Deciding which company offers the best car insurance rates for drivers with good credit will require a little more sweat than just comparing rates from one or two companies. Each insurer has a unique formula for determining rates in each state, so we need to take a look at the lowest cost car insurance companies in California.
Cheapest Insurance Rates for High Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,155 |
| 2 | Wawanesa | $1,192 |
| 3 | Century National | $1,226 |
| 4 | CSAA | $1,234 |
| 5 | Nationwide | $1,250 |
| 6 | 21st Century | $1,325 |
| 7 | Grange | $1,447 |
| 8 | Progressive | $1,496 |
| 9 | Allstate | $1,497 |
| 10 | Mercury | $1,503 |
| 11 | GEICO | $1,513 |
| 12 | Allied | $1,541 |
| 13 | MetLife | $1,606 |
| 14 | The Hartford | $1,623 |
| 15 | Unitrin | $1,682 |
| 16 | State Farm | $1,750 |
| 17 | Esurance | $1,756 |
| 18 | Bristol West | $1,777 |
| 19 | Travelers | $1,806 |
| 20 | Farmers | $2,006 |
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USAA offers some of the most affordable car insurance rates in Riverside at around $1,155 each year. Wawanesa, Century National, CSAA, and Nationwide also rank well as some of the lowest-priced Riverside, CA insurance companies.
As illustrated above, if you are currently insured with CSAA and switched to USAA, you could see an annual savings of in the vicinity of $79. Drivers with Nationwide could save as much as $95 a year, and 21st Century policyholders might lower prices by up to $170 a year.
To get a quick, customized rate comparison, click here to get quotes or quote prices from the following companies.
Be aware that those policy rates are averaged for all insureds and vehicles and and are not calculated with a specific zip code for drivers with good credit. So the car insurance company that fits your needs best may not even be in the top 24 companies shown above. That illustrates why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
The car, truck, or SUV needing coverage is a large factor when trying to find the cheapest car insurance for drivers with good credit. Vehicles with higher performance characteristics, poor crash test ratings, or a high likelihood of having liability claims will cost much more to insure than more economical and safe models. The data below estimates coverage premiums for a handful of the most cost-effective automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,012 |
| Toyota RAV4 Sport 2WD | $1,199 |
| Toyota Tacoma Double Cab 4WD | $1,222 |
| Ford Explorer Limited 4WD | $1,231 |
| Ford Focus SES 4-Dr Sedan | $1,238 |
| Honda CR-V LX 2WD | $1,242 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,248 |
| Hyundai Elantra SE 4-Dr Sedan | $1,260 |
| Honda Odyssey EX-L | $1,268 |
| Chevrolet Equinox LTZ AWD | $1,283 |
| GMC Sierra SLE Regular Cab 4WD | $1,292 |
| GMC Sierra 3500HD SLE Crew Cab 2WD | $1,306 |
| Ford Edge Limited 2WD | $1,347 |
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Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Rates do not factor in specific Riverside, CA garaging location which can impact coverage rates noticeably.
By looking at the data, we can conclude that models like the Ford Escape, Toyota RAV4, Toyota Tacoma, and Ford Explorer should be the cheaper vehicles to insure for financially responsible drivers.
The diagram below highlights how deductible choice can increase or decrease insurance prices when quoting cheap insurance for drivers with good credit. The costs are based on a married male driver, full coverage, and no discounts are factored in.
As shown above, a 50-year-old driver could lower rates by $416 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $626 by switching to a $1,000 deductible. Young drivers, like the 20-year-old, could possibly save up to $1,398 annually by choosing a larger deductible amount.
When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have enough savings set aside to allow you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
How accidents and tickets impact rates
The best way to earn low car insurance prices for financially responsible drivers is to drive safe and avoid accidents and violations. The diagram below illustrates how traffic citations and at-fault accidents can impact insurance prices for each different age category. The data assumes a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of an auto insurance policy in California per year with no accidents or violations is $2,355. Receive two speeding tickets and the average cost increases to $3,250, an increase of $895 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for drivers with good credit increases to an average of $6,769. That’s an increase of $4,414, or $368 per month, just for not keeping your driving record clean!
Get discounts on Riverside auto insurance rates
Auto insurance companies that sell policies for drivers with good credit may also provide premium discounts that may potentially lower prices by as much as 30% if you meet eligibility requirements. Companies and some of the premium reductions they offer are included below.
- State Farm has savings for safe vehicle, good driver, multiple policy, multiple autos, anti-theft, and defensive driving training.
- American Family offers discounts for early bird, mySafetyValet, bundled insurance, good driver, good student, and air bags.
- AAA has discounts for good student, multi-car, education and occupation, good driver, and anti-theft.
- GEICO may have discounts that include driver training, defensive driver, emergency military deployment, membership and employees, and military active duty.
- Mercury Insurance offers premium reductions for location of vehicle, type of vehicle, age of vehicle, anti-theft, multi-car, and accident-free.
- Farmers Insurance includes discounts for teen driver, bundle discounts, switch companies, youthful driver, and mature driver.
- Progressive may offer discounts for multi-vehicle, online quote discount, good student, multi-policy, and online signing.
The diagram below visualizes the comparison of insurance costs with and without discounts applied to the premium. The premium estimates are based on a male driver, no claims or driving citations, California state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with defensive driving course, multiple policy, anti-theft, vehicle safety, safe-driver, and multiple vehicle discounts applied. In this example, theaverage amount saved on car insurance for drivers with good credit is 28% or $787.