What Car Insurance is Cheapest for Retired Military in Riverside?

Wouldn’t it be awesome if we could wave our magic wand and tell you the exact company that has the most affordable coverage for retired military? Regrettably, it’s not quite that easy, as there are a whole slew of unknowns like what level of deductibles you need, if you are a homeowner or renter, the safety ratings of your vehicle, and if you have any tickets or accidents, that all impact the cost of coverage. In this article, we will cover the best ways to avoid overpriced car insurance and will hopefully give the reader a jump start in finding the best auto insurance in Riverside.

The vehicle model needing coverage is a large factor when looking for the most affordable coverage for retired military. Vehicles with lower performance, a plethora of safety features, or a track record of few liability claims will cost less to insure than fast, unsafe models. The information below outlines insurance premiums for a selection of the most cost-effective automobiles to buy coverage for.

Cheapest Vehicles to Insure in Riverside, CA
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 2WD $1,031
Jeep Wrangler Rubicon 4WD 2-Dr $1,158
Honda Accord LX-P 4-Dr Sedan $1,186
Honda Odyssey EX W/Rear Entertainment $1,199
Volkswagen Jetta 2.0T Station Wagon $1,204
Nissan Altima 2.5 4-Dr Sedan $1,223
Chevrolet Impala LT $1,233
Jeep Grand Cherokee Laredo 4WD $1,223
Toyota Tacoma Double Cab 4WD $1,229
Chevrolet Equinox LS 2WD $1,223
Ford Explorer Eddie Bauer AWD $1,246
Honda CR-V LX 4WD $1,266
Toyota Corolla XRS $1,308
Toyota Prius $1,310
Nissan Rogue SL 2WD $1,312
Ford F-150 Lariat Crew Cab Platinum 4WD $1,331
Ford Fusion Sport AWD 4-Dr Sedan $1,396
Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD $1,402
Kia Optima SX $1,398
Toyota RAV4 4WD $1,400
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Estimates do not factor in specific location information which can influence auto insurance rates noticeably.

Based upon the rates shown, you can infer that models like the Ford Escape, Jeep Wrangler, Honda Accord, Honda Odyssey, and Volkswagen Jetta are some of the less-costly vehicles to insure for veterans.

Finding low-cost auto insurance is not easy, and figuring out which companies quote the lowest-priced car insurance rates for retired military will require even more work.

Every insurance company has a unique approach for determining rates, so to begin we’ll rank the overall cheapest car insurance companies in California. It’s a good idea to know that Riverside car insurance rates are based on many factors that control the cost of coverage. This price fluctuation is why Riverside drivers need to shop around with many companies when trying to get the most affordable insurance rates for retired military. Auto insurance prices are made up of many factors and can change substantially, so the best option the last time you compared rates may now not even be in the top five.

Cheap Insurance Rates for Vets

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California car insurance ranked by cost per year
Rank Company Cost Per Year
1 USAA $1,109
2 Wawanesa $1,181
3 CSAA $1,198
4 Century National $1,226
5 Nationwide $1,250
6 21st Century $1,379
7 Grange $1,477
8 Mercury $1,488
9 Progressive $1,542
10 Allstate $1,543
11 GEICO $1,575
12 MetLife $1,590
13 The Hartford $1,591
14 Allied $1,603
15 Unitrin $1,699
16 Esurance $1,705
17 State Farm $1,733
18 Travelers $1,788
19 Bristol West $1,795
20 Farmers $2,026
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USAA may offer some of the best car insurance rates in Riverside at around $1,109 per year. Wawanesa, CSAA, Century National, and Nationwide also are some of the most economical Riverside, CA car insurance companies.

As the rates illustrate above, if you are a customer of Century National and switched to Wawanesa, you could earn annual savings of about $45. Insureds with Nationwide might save as much as $69 a year, and 21st Century customers might cut rates by $198 a year.

To compare your rates to other California insurance companies, click here to start a quote or visit any of the low-priced companies below.

These policy rates are averages across all insureds and vehicles and and are not figured with a vehicle location for retired military. So the company that fits you best may not even be in the list above. That helps illustrate why you need to get auto insurance quotes using your own personal information and vehicle type.

Drive responsibly or pay higher rates

A great way to snag the best car insurance rates for veterans is to drive attentively and avoid at-fault accidents and violations. The chart below shows how traffic citations and at-fault claims drive up premium costs for different categories of driver ages. The prices are based on a married male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

In the previous chart, the average cost of a car insurance policy in Riverside per year with no accidents or violations is $2,396. Factor in one speeding ticket and the average cost rises to $2,757, an increase of $361 each year. Now get one accident along with the one speeding ticket and the annual cost of car insurance for retired military increases to an average of $3,764. That’s an increase of $1,368, or $114 per month, just for a couple of infractions!

Liability-only versus full coverage

Buying cheaper car insurance is important to the majority of vehicle owners, and one of the easiest ways to pay less for insurance for retired military is to buy only liability coverage. The example below visualizes the comparison of auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in California. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.

Averaged out for all age groups, physical damage coverage on your policy costs $2,525 per year more than just insuring for liability. A very common question is if it’s worth it to buy full coverage. There is no clear-cut rule of when to eliminate physical damage coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

How to find the cheapest car insurance for retired military

The list below summarizes some of the recommended penny-pinching ideas that can help you quote low-cost coverage.

That last piece of advice is certainly important, as was affirmed in the article above. Prices charged by companies can be modified anytime, so you should be ready to buy from a new company if you find a cheaper price.

Brand loyalty is not necessarily bad, but it isn’t a good idea if it’s costing you money that could be used for better things. Now is a great time to compare rates to find cheaper auto insurance for retired military in Riverside.

If you aren’t sure which coverage to buy and prefer to have some advice when buying car insurance for retired military, the insurance agencies listed below are willing to help you make a decision which policy is best. To find a Riverside insurance agent closest to you, click the link after the list or click here to get price quotes now.

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