Shopping around for cost effective insurance is easier said than done, and determining which company offers the cheapest auto insurance rates for teachers calls for a little more work.
Each auto insurer uses their own method for determining rates in each state, so let’s begin by taking a look at the auto insurance companies that tend to have lower prices in California. We do need to point out that Riverside auto insurance rates are based on many factors which can substantially decrease or increase the price of coverage. Improving your credit score, moving to a different location, or getting a DUI can trigger rate changes that can make some companies much cheaper than others.
Cheap Insurance Rates for Educators
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Wawanesa has some of the cheapest car insurance rates in Riverside at around $1,146 per year. This is $505 less than the average price paid by California drivers of $1,651. USAA, Century National, CSAA, and Nationwide also qualify as some of the cheapest Riverside, CA insurance companies.
As shown in the rates above, if you are a policyholder with CSAA and switched to Wawanesa, you could earn yearly savings of approximately $76. Policyholders with Nationwide may save as much as $80 a year, and 21st Century insureds might cut rates by $192 a year.
To get a fast rate comparison, click here to begin a quote or visit several of the following companies.
Be aware that those policy rates are averages for all types of drivers and the different vehicles they drive and and are not calculated with an exact vehicle garaging location for teachers. So the auto insurance company that can offer you the best rate may not even be in the top 24 companies in the list above. That affirms the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.
One of the many things that are used to help calculate the cost of insurance is where you live. More densely populated places likely pay more, whereas more rural areas have the benefit of cheaper auto insurance prices.
The illustration below rates the highest-priced areas in California for teachers to purchase car insurance in. Riverside shows up at #11 with an annual rate of $1,542 for the average insurance policy, which is around $129 each month.
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Premium amounts are comparative as vehicle location can lower or raise price quotes significantly.
The example below shows how different deductible levels can increase or decrease annual premium costs when quoting cheap insurance for teachers. Data assumes a single female driver, full coverage, and no discounts are applied to the premium.
As shown above, a 30-year-old driver could save $544 a year by switching from a $100 deductible up to a $500 deductible, or save $816 by switching to a $1,000 deductible. Younger drivers, like the age 20 example, could roll back prices up to $1,216 every year just by choosing larger deductibles. If you do raise deductibles, it is necessary to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense associated with higher deductibles.
Impact of speeding/accidents on Riverside auto insurance rates
The common sense way to maintain cheap auto insurance prices in Riverside for teachers and educators is to be an attentive driver and avoid accidents and keep your driving record clean. The example below illustrates how speeding tickets and accidents can impact insurance premiums for different age groups of insureds. The data assumes a single female driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy in California per year with no accidents and a clean driving record is $1,978. Add in one speeding ticket and the average cost increases to $2,243, an increase of $265 each year. Then include two accidents along with the one speeding ticket and the annual cost of auto insurance for teachers increases to an average of $4,627. That’s an increase of $2,649, or $221 per month, just for not driving carefully!
Types of discounts on Riverside car insurance rates
Car insurance companies that sell policies for teachers may provide policy discounts that can reduce rates by 30% or more if you meet specific criteria. Larger auto insurance companies and some of the premium reductions they offer can be found below.
- Esurance has discounts for good student, homeowner, paid-in-full, DriveSense, emergency road assistance, and online quote.
- The Hartford offers premium reductions for anti-theft, bundle, defensive driver, air bag, driver training, and vehicle fuel type.
- AAA offers discounts including anti-theft, pay-in-full, good driver, good student, and multi-car.
- GEICO discounts include membership and employees, anti-lock brakes, driver training, good student, and multi-vehicle.
- State Farm offers discounts for Steer Clear safe driver discount, passive restraint, good driver, driver’s education, and good student.
The diagram below illustrates the comparison of auto insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, no accidents, no driving violations, California state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with anti-theft, claim-free, marriage, passive restraint, defensive driving course, and accident-free discounts applied. In this example, the average amount saved each year on auto insurance for teachers is 28% or $738.
Why you should be shopping around
Riverside auto insurance rates are based on many factors that control the cost of a policy. Simply improving your credit, marrying your spouse, or getting a DUI can trigger changes in premium resulting in some rates now being cheaper than others. Not only may things change on your end, but insurance companies change premium rates as often as every quarter as an adjustment for underwriting gains or losses. Higher than usual claims can cause higher rates, while a better claims history may produce cheaper Riverside car insurance rates.
The chart below shows which company has the cheapest car insurance in Riverside, CA for a 35-year-old male driver with a clean driving record, no accidents, and excellent credit. If we estimate rates based on his personal profile, USAA offers the best car insurance rates in Riverside at $1,318 annually. This is $333 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are the rest of the cheapest Riverside, CA auto insurance companies.
Now let’s give the driver from the first set of rates a chargeable claim, a lower credit rating, and a stop sign violation. Because each company has their own unique process for determining prices, comparing rates will most likely result in a different ranking of the cheapest companies as shown below.
Grange now has the cheapest insurance rate in Riverside with Progressive, GEICO, Mercury, and Allstate now being in the top five. This example proves why Riverside drivers need to shop around with many companies to get the best insurance quotes for teachers. Rates can be altered by many things and can increase or decrease at any time, so the best company the last time you shopped your coverage around may now be one of the more expensive options.
If you would rather have a professional recommendation when trying to find lower insurance rates for teachers, the professional agents shown below can most likely help you decide which policy fits your needs best. To find an agent closest to you, click the link at the bottom or click here to compare rates now.
State Farm: Ollie Hatch Jr
6748 Brockton Ave – Riverside, CA 92506 – (888) 231-8822
Rick Plata Insurance Agency
4204 Riverwalk Pkwy #200 – Riverside, CA 92505 – (951) 801-2032
Strong Tie Insurance Services
1766 University Ave # 104 – Riverside, CA 92507 – (951) 682-1200
Carol Uhler – State Farm Insurance Agent
11731 Sterling Ave d – Riverside, CA 92503 – (951) 688-9911