Who Has Affordable Auto Insurance Rates for Good Students in Riverside?

You’ve seen the captivating commercials from auto insurance companies like State Farm and Liberty Mutual that claim big savings. So drivers should just pick the one with the catchiest commercial, right?

Unfortunately, it’s just not that easy, as there are a whole slew of unknown elements like your marital status, your gender, the area where you live, and if you have a tendency to get into accidents, that all impact the cost of your policy. We will touch on the best ways to save on auto insurance and hopefully give you enough understanding to have some help in finding cheaper rates.

The vehicle model to be insured is probably the biggest factor when comparing the most economical auto insurance for good students. Vehicles with reasonable performance levels, an excellent safety record, or low incidents of liability claims will cost quite a bit less to insure than high performance models.

The table below illustrates car insurance rates for a selection of the most economical vehicles to buy insurance for.

Cheapest Vehicles to Insure in Riverside, CA
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V LX 4WD $4,226
Ford Escape Limited 2WD $4,263
Toyota Prius $4,558
Jeep Wrangler Sport Islander Package 4WD 2-Dr $4,715
Toyota Tacoma 4WD $4,752
Ford Explorer XLT 2WD $4,762
Ford Focus S 4-Dr Sedan $4,972
Ford Edge SE AWD $4,979
Chevrolet Impala LS $4,972
GMC Sierra SLE Regular Cab 2WD $5,010
Chevrolet Malibu LS $5,020
Ford Fusion S 4-Dr Sedan $5,010
Toyota RAV4 4WD $5,016
Chevrolet Equinox LS 2WD $5,010
Dodge Grand Caravan Crew $5,047
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Price data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in specific garaging location which can alter premium rates noticeably.

Looking at the data, we can presume that vehicles like the Honda CR-V, Ford Escape, Toyota Prius, Jeep Wrangler, and Toyota Tacoma are some of the cheapest vehicles to insure for student drivers.

One of the many considerations that determine the amount you pay each year for auto insurance is where your car is garaged in Riverside. Regions with larger populations or more claims will most likely have higher rates, whereas less populated areas tend to receive slightly lower rates.

The following table lists the most expensive areas in California for good students to buy an auto insurance policy in. Riverside is ranked #14 with a yearly premium of $1,527 for the average insured, which is around $127 each month.

How much is auto insurance in Riverside, CA?
Rank City Premium Per Year
1 Los Angeles $2,104
2 Glendale $2,058
3 San Francisco $1,745
4 Sacramento $1,720
5 Oakland $1,704
6 San Bernardino $1,644
7 Fontana $1,581
8 Long Beach $1,578
9 Garden Grove $1,570
10 Stockton $1,556
11 Santa Clarita $1,548
12 Modesto $1,547
13 Moreno Valley $1,536
14 Riverside $1,527
15 Santa Ana $1,483
16 Anaheim $1,474
17 Fresno $1,457
18 San Jose $1,423
19 Huntington Beach $1,402
20 Irvine $1,384
21 San Diego $1,381
22 Fremont $1,361
23 Bakersfield $1,353
24 Chula Vista $1,350
25 Oxnard $1,318
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Information shown are approximated as zip code location can impact auto insurance rates significantly.

Ending up with a good quality auto insurance provider can be difficult considering how many companies there are to choose from in Riverside. The information below can help you decide which auto insurance companies to look at when insurance shopping for good students.

The rankings below are only comprised of major nationwide insurance companies, so smaller companies will not be included in these rankings. To compare prices from these top-rated insurers and more, click here.

Riverside, CA Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
AAA of Southern California 91 94 97 92% A+ 94.1
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
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Data Source: Insure.com Best Car Insurance Companies

Rate comparison of full coverage and liability-only

Saving on insurance is important to the majority of vehicle owners, and one of the easiest ways to save on the cost of insurance for good students is to not insure for full coverage. The diagram below shows the difference between insurance costs with liability coverage only compared to full coverage. The rates are based on no tickets, no at-fault accidents, $100 deductibles, single status, and no discounts are taken into consideration.

As an overall average, physical damage coverage on your policy costs an additional $2,812 per year more than just insuring for liability. That may make you wonder if you should buy full coverage. There is no definitive rule to exclude physical damage coverage, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s say your vehicle’s settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying your policy deductible. If premium cost is more than $300 a year to have full coverage, then you might want to think about dropping full coverage.

There are some circumstances where buying only liability insurance is not recommended. If you haven’t paid off your loan, you have to keep full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not opt for liability only.

How to find budget-friendly insurance for good students

Below you’ll find some of the recommended penny-pinching ideas that can help you find cheap car insurance.

That last idea is highly important, as we stressed in this piece. Prices charged by car insurance companies in Riverside can change in a short period of time, so drivers shouldn’t hesitate to switch companies if you can save money. Having a favorite company is great, but it’s not a great idea if your bullheadedness ends up costing you hundreds every year. It only take a few minutes to compare rates to find cheaper insurance for good students.

The agents listed below can help you decide which insurance coverage will be best for you, as some drivers wish to get some help when comparing insurance rates for student drivers. It can be challenging to find the best policy yourself, so getting advice from a licensed California insurance agent can add comfort knowing your policy gives you suitable coverage if you ever need to use it.

To find a Riverside insurance agent by location nearest to you, click the link at the bottom.

Enrique Martinez – State Farm Insurance Agent
9305 Magnolia AveRiverside, CA 92503(951) 351-2085

Mike Orme – State Farm Insurance Agent
10452 Magnolia AveRiverside, CA 92505(951) 688-8206

Insurance Incorporated
6809 Indiana AveRiverside, CA 92506(877) 898-9333

Chris Folsom Insurance Agency
3727 6th StRiverside, CA 92501(951) 680-0575

AIS | Auto Insurance Specialists | Riverside
1600 Iowa Ave #100Riverside, CA 92507(951) 782-8100

Find a Riverside, CA insurance agent near you