Writing this article would sure be easy if we could simply give you the name of the one auto insurance company that has the best auto insurance prices in California. It’s just not that simple, as there are a ton of unknown aspects such as the number of miles you drive in a year, where you live in Riverside, what deductibles to use for physical damage coverage, and the crash test ratings of your vehicle. This article will cover the best ways to avoid overpriced car insurance and will hopefully give you some help in finding cheaper rates.
One of the many criteria that are used to help calculate car insurance rates is where you live in Riverside. Regions with more people or even just more weather-related claims tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims get the luxury of paying less.
The illustration below ranks the priciest cities in California for a learners permit in which to buy car insurance. Riverside comes in at #12 with a yearly premium of $1,542 for the average policyholder, which is approximately $129 per month.
|Rank||City||Average Per Year|
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Prices are approximated as specific Riverside garaging address can increase or decrease auto insurance rates considerably.
The vehicle driven is one of the main factors that determines if you can find the most affordable auto insurance for a learners permit. Vehicles with high performance, a lack of safety features, or high incidents of liability claims will cost much more to insure than more economical and safe models.
The list below outlines car insurance costs for a handful of the most budget-friendly automobiles to insure in California.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$4,689|
|Ford Escape XLS 4WD||$4,694|
|Honda CR-V EX-L 2WD||$4,733|
|Hyundai Elantra SE Touring Station Wagon||$5,020|
|Toyota Tacoma 4WD||$5,275|
|Volkswagen Jetta 2.0T Station Wagon||$5,352|
|Chevrolet Impala LS||$5,519|
|Ford Focus S 4-Dr Sedan||$5,525|
|Jeep Grand Cherokee Laredo 4WD||$5,563|
|Toyota Camry LE||$5,571|
|Ford Fusion S 4-Dr Sedan||$5,563|
|Chevrolet Equinox LS AWD||$5,571|
|Toyota RAV4 4WD||$5,563|
|Dodge Grand Caravan Hero||$5,573|
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Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific location which can lower or raise prices greatly.
Based upon the rates shown, we can presume that models like the Honda Accord, Ford Escape, and Honda CR-V are most likely to be a few of the most economical vehicles to insure for new drivers. The cost of a car insurance policy will be more costly just because there is more liability exposure for a learners permit, but generally speaking those models will tend to have the least expensive rates that you are likely to find.
Comparing quotes for low-priced car insurance is easier said than done, and finding out which company offers the cheapest insurance rates for a learners permit requires additional perseverance. Each auto insurer uses slightly different criteria for determining rates, so we’ll go over the overall cheapest insurance companies in Riverside.
It’s a good idea to be aware that Riverside insurance rates are influenced by many factors that control the price of coverage. This price fluctuation is why it is critical to perform an extensive rate comparison to get the most affordable insurance quotes for a learners permit. Prices are calculated by many things and change substantially, so the cheapest option the last time you compared rates may now be an over-priced policy.
Find the Best Cheap Insurance in California
|Rank||Company||Cost Per Year|
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USAA quotes some of the best car insurance rates in Riverside at around $1,109 a year. This is $542 less than the average policy premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide also qualify as some of the cheaper Riverside, CA insurance companies.
In the rate table above, if you buy coverage from CSAA and switched to USAA, you might realize a yearly price reduction of about $89. Customers with Century National may save as much as $105 a year, and Nationwide policyholders might cut rates by $141 a year.
To compare your rates to other California insurance companies, click here to get quotes or feel free to get quotes from the companies below.
Remember that these policy prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration a specific zip code for a learners permit. So the car insurance company that can offer you the lowest price may not even be in the top 24 companies shown above. That underscores the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.
Types of discounts on Riverside auto insurance rates
Insurance providers that offer cheap quotes for a learners permit may have premium discounts that could reduce prices by 35% or more if you meet certain criteria. Popular insurance companies and a summarized list of policyholder discounts are shown below.
- State Farm policyholders can earn discounts including multiple autos, accident-free, passive restraint, good driver, defensive driving training, anti-theft, and student away at school.
- American Family may have discounts that include good student, mySafetyValet, good driver, early bird, accident-free, and TimeAway discount.
- AAA offers premium reductions for good driver, good student, education and occupation, multi-car, AAA membership discount, multi-policy, and pay-in-full.
- GEICO includes discounts for driver training, federal employee, multi-policy, daytime running lights, and seat belt use.
- Mercury Insurance may include discounts for location of vehicle, annual mileage, type of vehicle, low natural disaster claims, age of vehicle, multi-policy, and multi-car.
- Farmers Insurance has savings for teen driver, youthful driver, multi-car, electronic funds transfer, bundle discounts, switch companies, and good student.
- Progressive offers discounts for continuous coverage, multi-policy, online quote discount, multi-vehicle, online signing, good student, and homeowner.
The diagram below shows the difference between yearly insurance costs with and without policy discounts. The premiums assume a female driver, no claims or violations, California state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with paid-in-full, passive restraint, good student, vehicle safety, paperless filing, and continuous coverage discounts applied. When these discounts are applied, theamount saved on insurance for a learners permit is 28% or $711.
Difference between full coverage and liability only rates
Saving money on insurance is the goal of most people, and one great way to save on the cost of insurance for a learners permit is to not pay for full coverage. The illustration below shows the difference between insurance costs with full coverage compared to only the California minimum liability coverage. The price estimates are based on no claims or driving violations, $250 deductibles, single marital status, and no other discounts are factored in.
Averaged for all age groups, comprehensive and collision coverage on your policy costs an additional $3,093 per year more than just buying liability only. Many drivers will wonder when is the right time to remove full coverage. There isn’t a written rule to eliminate physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is more than around 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s say your vehicle’s claim settlement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $9,000 after paying the physical damage deductible. If it’s costing in excess of $900 a year for comprehensive and collision coverage, then you might consider buying liability only.
There are a few situations where removing full coverage is not a good idea. If you haven’t paid off your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should maintain full coverage.
How accidents and violations affect rates in Riverside
The obvious way to receive the most affordable insurance prices in Riverside for new drivers is to pay attention while driving and maintain a clean driving record. The information below shows how traffic citations and at-fault accidents increase insurance costs for different insured age categories. The prices are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
In the previous example, the average cost of auto insurance in Riverside per year with no violations or accidents is $1,978. Get one speeding ticket and the average cost hikes up to $2,243, an increase of $265 each year. Now add in two accidents along with the one speeding ticket and the annual cost of insurance for a learners permit goes up to an average of $4,627. That’s an increase of $2,649, or $221 per month, just for not driving responsibly!
If you prefer to have a consultation when trying to find the best insurance rates for a learners permit, the insurance agencies listed below can most likely aid you in deciding which car insurance company is the best fit. To find a Riverside insurance agent close to you, click the button following the list.
- Mike Orme – State Farm Insurance Agent
10452 Magnolia Ave – Riverside, CA 92505 – (951) 688-8206
- Lynne Dattilo – State Farm Insurance Agent
6560 Van Buren Boulevard a – Riverside, CA 92503 – (951) 689-3700
- Rick Plata Insurance Agency
4204 Riverwalk Pkwy #200 – Riverside, CA 92505 – (951) 801-2032