Who Has Affordable Riverside Car Insurance Quotes for High Risk Drivers?

Finding reliable, budget insurance is not most people’s favorite thing to do, and deciding which insurers offer the best auto insurance rates for high risk drivers will take even more diligence.

Each auto insurance company uses slightly different criteria to determine premium rates, so let’s take a look at the overall cheapest auto insurance companies in Riverside. It’s a good idea to be aware that Riverside auto insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. Simply having another birthday, getting divorced, or getting a DUI can trigger changes in premium that can now make some companies less affordable than competitors.

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Cheapest California car insurance ranked by price
Rank Company Cost Per Year
1 Wawanesa $1,146
2 USAA $1,155
3 Century National $1,178
4 CSAA $1,198
5 Nationwide $1,250
6 21st Century $1,338
7 Grange $1,491
8 Progressive $1,496
9 Allstate $1,497
10 GEICO $1,529
11 Mercury $1,533
12 Allied $1,588
13 MetLife $1,606
14 The Hartford $1,639
15 Unitrin $1,682
16 Esurance $1,739
17 State Farm $1,750
18 Bristol West $1,795
19 Travelers $1,806
20 Farmers $1,946
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Wawanesa may have some of the cheapest car insurance rates in Riverside at around $1,146 per year. USAA, Century National, CSAA, and Nationwide are also some of the cheapest Riverside, CA car insurance companies.

As shown in the table above, if you have coverage with USAA and switched to Wawanesa, you could earn yearly savings of in the neighborhood of $9. Drivers with Century National could save as much as $32 a year, and CSAA customers might see rate reductions of $52 a year.

To find the cheapest coverage for you, click here or visit any of the low-priced companies below.

Remember that these policy rates are averages across all insureds and vehicles and and are not figured with a specific zip code for high risk drivers. So the car insurance company that has the cheapest rates for you may not even be in the top 24 companies in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

The vehicle model requiring insurance is probably the largest consideration that determines the availability of the most economical coverage for high risk drivers. Vehicles with high performance features, poor safety ratings, or an increased likelihood of liability claims will cost significantly more to insure than more modest models.

The data below outlines auto insurance prices for a selection of the most affordable vehicles to insure in California.

Cheapest Vehicles to Insure in Riverside, CA
Vehicle Make and Model Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $3,772
Honda CR-V EX 2WD $3,779
Hyundai Elantra GLS Touring Station Wagon $3,772
Toyota Prius $3,877
Ford Escape Limited 2WD $3,913
Honda Odyssey LX $4,036
Ford F-150 XLT Regular Cab 2WD $4,222
Jeep Wrangler Sport Islander Package 4WD 2-Dr $4,229
Dodge Grand Caravan CV $4,265
Ford Explorer XLT 2WD $4,272
Toyota Tacoma Double Cab 4WD $4,267
Chevrolet Equinox LS AWD $4,273
Ford Edge Limited 2WD $4,424
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Table data represents single female driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Price information does not factor in specific Riverside, CA garaging location which can increase or decrease premiums significantly.

Based upon the rates shown, you can expect vehicles like the Honda Accord, Honda CR-V, Hyundai Elantra, and Toyota Prius are most likely to be some of the cheaper vehicles to insure for high risk drivers. The price for an auto insurance policy will tend to be higher just because there is more inherent risk for high risk drivers, but in general those makes and models will have the best rates that you’ll find.

For high risk drivers, one of the largest components that determine the cost of insurance is where you live. More populated areas tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates get the luxury of paying less.

The table below rates the most expensive places in California for high risk drivers to buy auto insurance in. Riverside makes the list at #14 having an annual price of $1,482 for the average policyholder, which is about $124 monthly.

Car insurance prices in Riverside
Rank City Average Per Year
1 Los Angeles $2,104
2 Glendale $2,058
3 San Francisco $1,763
4 Oakland $1,704
5 Sacramento $1,652
6 Long Beach $1,626
7 San Bernardino $1,596
8 Santa Clarita $1,580
9 Garden Grove $1,570
10 Fontana $1,566
11 Modesto $1,547
12 Stockton $1,541
13 Moreno Valley $1,491
14 Riverside $1,482
15 Anaheim $1,474
16 Fresno $1,457
17 Santa Ana $1,439
18 Fremont $1,389
19 Bakersfield $1,381
20 San Jose $1,381
21 Huntington Beach $1,374
22 Oxnard $1,358
23 San Diego $1,340
24 Irvine $1,330
25 Chula Vista $1,311
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Premium amounts are comparative as specific Riverside zip code can change price quotes greatly.

The diagram below shows how choosing a deductible can raise or lower insurance premiums when researching cheap insurance for high risk drivers. The premiums are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.

In the chart above, a 50-year-old driver could lower rates by $506 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $762 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could shave $1,674 each year by using higher deductibles when buying full coverage.

When raising deductibles, it is important to have additional funds squirreled away to satisfy the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Choosing the top insurer can be rather challenging considering how many different insurance companies sell coverage in California. The company rank data in the lists below may help you decide which auto insurers you want to consider comparing prices from.

The ratings below include insurance companies that insure vehicles in the majority of U.S. states, so companies that may only write in California are not factored into the list. To compare prices from the most competitive companies in California, just click here.

Top 10 Major Auto Insurers in Riverside Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. AAA of Southern California
  5. Titan Insurance
  6. The General
  7. AAA Insurance
  8. State Farm
  9. Mercury Insurance
  10. Nationwide

Top 10 Major Auto Insurers in Riverside Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Esurance – A+
  6. Nationwide – A+
  7. Allstate – A+
  8. Mercury Insurance – A+
  9. Progressive – A+
  10. Titan Insurance – A+

Why you should be shopping around

California auto insurance rates are based on many factors that will increase or decrease the cost of coverage. Simply having another birthday, marrying your spouse, or getting a couple of tickets can cause premium changes that can make some companies much cheaper than others.

In addition, insurers file new California auto insurance rates at least once a year to adjust for unexpected claims or profits. An extended period of higher than normal claims may result in higher prices, while profitable underwriting may result in lower-priced Riverside car insurance rates.

To illustrate this point, the bar chart below analyzes the cheapest car insurance in Riverside, CA for a 35-year-old female driver with no accidents, a clean driving record, and a good credit rating. If we look at prices based on her personal profile, USAA has the most affordable car insurance rates in Riverside at $1,273 annually. This is $378 less than the average premium paid by California drivers of $1,651. Wawanesa, Century National, Nationwide, and CSAA are the remainder of the best Riverside, CA auto insurance companies.

Now we will pretend the driver from the first example some claims, a lower credit rating, and a speeding ticket. Due to the fact that every insurance company has a proprietary formula to set premium rates, comparing prices could now result in a significantly different list of companies as shown below.

Grange now has the best price on car insurance in Riverside, CA with Allstate, Mercury, Progressive, and Wawanesa now rounding out the top five. This example illustrates why California drivers need to take the time to shop around when trying to find affordable car insurance quotes for high risk drivers. Insurance rates can be altered by many factors and can change without notice, so the cheapest company the last time you checked may now be costing you a lot of money.