The vehicle you are trying to insure is a significant factor when shopping around for cheaper insurance for low income drivers. Vehicles with reasonable performance levels, a plethora of safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models. The information below features auto insurance rates for the most affordable vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$993|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,115|
|Ford F-150 XL Crew Cab 4WD||$1,137|
|Ford Escape XLT 4WD||$1,162|
|Jeep Grand Cherokee Laredo 2WD||$1,176|
|Chevrolet Impala LT||$1,182|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,198|
|Ford Explorer Limited AWD||$1,208|
|Ford Focus SES 4-Dr Sedan||$1,214|
|Toyota Corolla XRS||$1,259|
|Honda Accord EX-L 4-Dr Sedan||$1,323|
|GMC Sierra Denali Crew Cab 2WD||$1,343|
|Toyota Camry Hybrid||$1,353|
|Find Cheaper Rates Go|
Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rates do not factor in Riverside, CA location which can raise or lower auto insurance rates considerably.
Based upon these rates, we can infer that vehicles like the Honda CR-V, Jeep Wrangler, Ford F-150, and Ford Escape are most likely going to be a few of the cheapest vehicles to insure for poor drivers.
For poor drivers, one of the largest components that are looked at to help calculate the amount you pay each year for auto insurance is where you live in Riverside. Areas with more people or higher crime rates are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The following table sorts the most costly cities in California for low income drivers to buy car insurance in. Riverside comes in at #10 with an annual cost of $1,542 for the average insured, which is approximately $129 monthly.
|Rank||City||Average Per Year|
|Compare Rates Now Go|
Prices are approximated as the specific geographic location can modify premiums greatly.
Selecting a highly-rated company is difficult considering how many different companies insure vehicles in California. The ranking information listed below may help you pick which insurers to look at when insurance shopping for low income drivers.
These rankings are only comprised of companies that insure vehicles across America, so companies with more of a regional focus are not included in the list. If you’d like to compare prices from many more California auto insurance companies, click here.
Top 10 Major Car Insurance Companies in Riverside Ranked by Value
- American Family
- The Hartford
- AAA of Southern California
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
Top 10 Major Car Insurance Companies in Riverside Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA of Southern California – 92%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
Get discount Riverside car insurance rates
Car insurance companies that sell policies for low income drivers may have discounts that can reduce rates by 40% or more if you are eligible for them. Larger car insurance companies and some of the premium reductions they offer are included below.
- Farmers Insurance may include discounts for distant student, homeowner, teen driver, alternative fuel, mature driver, multi-car, and electronic funds transfer.
- State Farm offers premium reductions for anti-theft, Steer Clear safe driver discount, driver’s education, safe vehicle, good student, good driver, and multiple policy.
- Liberty Mutual has savings for teen driver discount, hybrid vehicle, newly married, multi-policy, and good student.
- MetLife has discounts for good driver, claim-free, good student, multi-policy, accident-free, defensive driver
- Progressive may offer discounts for online quote discount, multi-policy, online signing, multi-vehicle, and continuous coverage.
The illustration below compares auto insurance rates with and without discounts applied. The premium estimates are based on a female driver, no accidents, no driving violations, 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 homeowner, anti-theft, defensive driving course, passive restraint, marriage, and accident-free discounts applied. When discounts are factored in, theaverage amount saved on car insurance for low income drivers is 28% or $493.
Why you should be shopping around
Riverside car insurance rates are determined by lots of factors that may substantially change the price of coverage. Simply turning a year older, filing a claim, or getting into an accident may generate price changes resulting in some rates now being more affordable than others.
Additionally, auto insurance companies file new California car insurance rates as often as every three months to adjust for gains or losses. An extended period of higher than normal claims can cause a rate increase, while less frequent claims may produce more affordable Riverside car insurance rates.
The bar chart below shows rates for the cheapest car insurance in Riverside, CA for a 45-year-old male driver with no prior accidents, a clean driving record, and a good credit rating. When comparing rates based on his personal risk profile, USAA has the best car insurance rates in Riverside at $1,267 annually. This is $384 less than the average premium paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide are also included in the most affordable Riverside, CA auto insurance companies.
The next chart shows rates after we give the driver from the above example a claim, a lower credit score, and a speeding ticket. Because each company has a different formula to determining premium rates, analyzing rate quotes most likely will result in a slightly different list of the cheapest Riverside car insurance companies as shown below.
Grange now has the best price on car insurance in Riverside with Allstate, Progressive, Mercury, and Allied also having competitive pricing. This demonstrates why consumers need to take the time to compare rates when trying to get cheap insurance rates for low income drivers. Car insurance prices can be determined by many risk factors and change substantially, so the best price the last time you checked may now not even be in the top five.
How to find more affordable insurance for low income drivers
The list below details some of the better money-saving solutions that can help drivers quote cheap coverage.
- Drive attentively and avoid accidents
- Raise your deductibles
- The safer your car, the less it costs to insure
- Increase your credit rating
- Avoid getting citations and tickets
- Compare rates regularly and switch companies to save money
That last piece of advice is remarkably important, as we stressed in the prior information. Prices vary considerably, so don’t be tentative to switch to a new company if you can save money. Many drivers have brand loyalty and that’s fine, but we do not recommend it if that dedication is costing thousands of dollars over the life of your policy. In just a couple of minutes you could shop around to find cheaper auto insurance for low income drivers in Riverside.