Things would sure be easy if we could tell you the one best company that has the cheapest rates in California. Regrettably, it’s not quite that easy, as there are a ton of unknown elements like whether you are single or married, what coverage limits you want, whether you are male or female, and the type of vehicle you drive, that all have an effect on the price of a policy. The information below covers some of these criteria and educate you enough to have a good start to your coverage search.
The vehicle requiring coverage is one of the main factors when consumers are trying to find low-priced car insurance for a school permit. Vehicles with higher performance characteristics, a lack of modern safety features, or high incidents of liability claims will cost more to insure than safer, lower-performance models.
The table below features car insurance rates for a number of the cheapest vehicles to insure in California.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$4,058|
|Ford Escape Limited 4WD||$4,305|
|Jeep Wrangler Sahara 4WD 2-Dr||$4,526|
|Ford Explorer XLT 4WD||$4,536|
|Ford F-150 STX Super Cab 4WD||$4,563|
|Volkswagen Jetta SE 2.5 Station Wagon||$4,586|
|Toyota Tacoma 2WD||$4,737|
|Honda Odyssey EX||$4,744|
|Ford Focus SE 4-Dr Sedan||$4,737|
|Ford Edge SEL AWD||$4,745|
|Chevrolet Malibu Hybrid||$4,773|
|Chevrolet Impala LT||$4,781|
|Toyota RAV4 Limited 4WD||$4,773|
|Chevrolet Equinox LT 2WD||$4,782|
|Dodge Grand Caravan Hero||$4,773|
|Hyundai Elantra SE 4-Dr Sedan||$5,017|
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Data based on 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. Rates do not factor in specific garaging location which can affect coverage prices considerably.
Based upon these rates, we can expect vehicles like the Honda CR-V, Ford Escape, Toyota Prius, Jeep Wrangler, and Ford Explorer are going to be the most affordable vehicles to insure for a learners permit. The price for an auto insurance policy will tend to be higher just because there is more liability exposure for a school permit, but in general those models will most likely have the best insurance prices available.
Determining which company quotes the best insurance rates for a school permit calls for more work in order to find the best policy.
Every car insurance company uses a slightly different approach for determining rates in each state, so we’ll take a look at the most competitive insurance companies in Riverside. It’s important that you understand Riverside insurance rates are based on many factors that control the price of coverage. Simply having another birthday, buying a different home, or getting a reckless driving citation may cause policy rate changes that can now make some companies more affordable than others.
Best Auto Insurance Prices for Students
|Rank||Company||Cost Per Year|
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USAA quotes some of the lowest car insurance rates in Riverside at around $1,109 a year. This is $542 less than the average premium paid by California drivers of $1,651. CSAA, Wawanesa, Century National, and Nationwide would also make the list of some of the cheapest Riverside, CA insurance companies.
As illustrated above, if you currently have a policy with Century National and switched to CSAA, you might realize a yearly price reduction of upwards of $28. Customers with Nationwide might save as much as $77 a year, and 21st Century insureds might lower prices by up to $193 a year.
To get a quick, customized rate comparison, click here to start your custom quote or visit any of the companies below.
Remember that these prices are averaged for all types of insureds and vehicles and do not factor in an exact vehicle garaging location for a school permit. So the insurer that fits your needs best may not even be in the top 24 companies in the list above. That is why you need to get rate quotes from many companies using your own specific driver and vehicle information.
One of the more important components that determine the amount you pay each year for auto insurance is your address. Larger areas tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.
The illustration below shows the most expensive areas in California for a school permit to purchase a policy in. Riverside shows up at #16 with an annual cost of $1,482 for the average policy, which is around $124 monthly.
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Premium amounts are approximated as the specific Riverside residence address can decrease or increase rates noticeably.
The information below shows how choosing a deductible can affect annual premium costs when researching cheap insurance for a school permit. The rate quotes are based on a married female driver, comp and collision included, and no policy discounts are applied.
The chart above illustrates that a 40-year-old driver could pocket $300 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $456 by changing to a $1,000 deductible. Even younger drivers, such as the Age 20 example, could potentially save $750 or even more by selecting a higher deductible.
When increasing deductibles, it is essential to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Get discount Riverside car insurance
Car insurance companies that sell policies for a school permit may also provide price discounts that can reduce rates by as much as 35% if you are eligible. The best insurance companies and some of the premium reductions they offer are included below.
- GEICO may have discounts that include military active duty, multi-vehicle, defensive driver, driver training, and seat belt use.
- SAFECO discounts include bundle discounts, drive less, homeowner, anti-lock brakes, and teen safe driver.
- State Farm offers discounts for passive restraint, multiple autos, student away at school, safe vehicle, driver’s education, Steer Clear safe driver discount, and good student.
- MetLife has savings for good student, good driver, multi-policy, accident-free, and claim-free.
- 21st Century may include discounts for 55 and older, student driver, air bags, driver training, and homeowners.
- Progressive policyholders can earn discounts including multi-policy, good student, homeowner, online quote discount, and multi-vehicle.
The example below illustrates the comparison of auto insurance costs with and without discounts applied to the policy premium. The data is based on a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with continuous coverage, paperless filing, anti-theft, vehicle safety, paid-in-full, and passive restraint discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for a school permit is 28% or $865.
Full coverage versus liability only rates
Finding cheaper insurance is probably important to the majority of drivers, and one of the best ways to pay less for insurance for a school permit is to not buy full coverage. The chart below illustrates the comparison of yearly insurance costs with full coverage and liability only. The premiums assume no violations or accidents, $250 deductibles, single status, and no discounts are factored in.
Averaged for all ages 20 through 70, full coverage on your policy costs an additional $3,147 per year over liability only. At some point, every insured wonders when is the right time to remove full coverage. There is no clear-cut rule to delete physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
For example, let’s say your vehicle’s replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after paying the physical damage deductible. If premiums are more than $400 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
The benefit of shopping around
Riverside insurance rates are influenced by many factors which can significantly increase or decrease the price of your policy. Simply having another birthday, marrying your spouse, or getting a ticket for careless driving may cause policy rate changes that may make certain companies more affordable than before.
Not only may your situation change, but car insurance companies file new rates every year or even multiple times each year in order to be able to pay unexpected claims. Larger than normal claims can cause increased policy costs, while long-term profits may produce lower-cost Riverside car insurance rates.
The bar chart below shows which company has the cheapest car insurance in Riverside, CA for a 40-year-old female driver with no prior accidents, a clean driving record, and good credit. If we compare prices based on her current risk factors, Wawanesa has the most affordable car insurance rates in Riverside at $1,308 each year. This is $343 less than the average price paid by California drivers of $1,651. USAA, CSAA, Century National, and Nationwide also make the list of the best Riverside, CA auto insurance companies.
In this next rate comparison, we will give the driver in the first example a claim, bad credit, and an imperfect driving record. Since each company has a unique approach for setting prices, comparing prices may now result in a substantially altered list of companies as shown below.
Grange now has the best price on car insurance in Riverside with Mercury, Progressive, Allstate, and GEICO completing the list. This example proves why it is critical to do a thorough rate comparison to get the lowest auto insurance quotes for a school permit. Rates are calculated by many factors and change dramatically, so the most economical company three years ago may now be an over-priced policy.