The words “economical” and “insurance” probably shouldn’t be used in the same sentence, in particular when you are trying to find the cheapest car insurance for homeowners. To help control this cost, let’s start off by going over a few of the things that can significantly affect insurance premiums, and figure out some ideas to lower the cost of the next policy you buy.
Trying to find affordable car insurance is not always easy, and finding out which company has the lowest-priced car insurance rates for homeowners involves a bit more work. Each insurer has their own guidelines for setting prices, so to begin we’ll rank the car insurance companies with the overall cheapest rates in Riverside, CA.
Find Cheaper Car Insurance for Homeowners
|Rank||Company||Cost Per Year|
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USAA generally has some of the best car insurance rates in Riverside at around $1,109 per year. Century National, Wawanesa, CSAA, and Nationwide also qualify as some of the cheaper Riverside, CA insurance companies.
As illustrated above, if you currently buy coverage from Wawanesa and switched to USAA, you could earn an annual savings of around $72. Customers with CSAA may save as much as $77 a year, and Nationwide insureds might reduce prices by as much as $104 a year.
To find the cheapest coverage for you, click here to start your free quote or quote rates from the companies below.
It’s important to note that these premium estimates are averaged across all drivers and vehicles in California and and are not figured with a vehicle location for homeowners. So the car insurance company that can offer you the best price may not even be in the top 24 companies in the list above. That points out the importance of why you need to get rate quotes using your own individual information.
One of the many considerations that help determine the price you pay for insurance is where your residence is. Cities with more crime and/or more people tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims receive better rates.
The following table lists the most expensive places in California for homeowners in which to buy car insurance. Riverside is ranked #15 costing $1,482 for the average insurance policy, which is approximately $124 monthly.
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Premium costs are estimated as the vehicle garaging location can revise auto insurance rates noticeably.
The vehicle model on the policy is one of the biggest factors when comparing the most economical insurance for homeowners. Vehicles with high performance engines, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than more economical and safe models.
The next table illustrates coverage prices for a number of the most cost-effective vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$874|
|Honda Accord LX-P 4-Dr Sedan||$883|
|Hyundai Elantra GLS Touring Station Wagon||$990|
|Ford Escape XLT 4WD||$1,022|
|Jeep Wrangler Sport 4WD 2-Dr||$1,024|
|Dodge Grand Caravan Crew||$1,054|
|Honda Civic EX 4-Dr Sedan||$1,066|
|Ford F-150 XLT Regular Cab 2WD||$1,086|
|Toyota Corolla S||$1,094|
|Honda Odyssey LX||$1,091|
|GMC Sierra SLE Extended Cab 4WD||$1,107|
|Ford Fusion SE 4-Dr Sedan||$1,113|
|Ford Explorer XLT 4WD||$1,116|
|Toyota Tacoma 2WD||$1,151|
|Chevrolet Impala LS||$1,161|
|Ford Focus SE 4-Dr Sedan||$1,151|
|Chevrolet Silverado LS Regular Cab 2WD||$1,169|
|Toyota RAV4 Limited 2WD||$1,174|
|Volkswagen Jetta LE 4-Dr Sedan||$1,181|
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Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Price information does not factor in the specific area where the vehicle is garaged which can change coverage rates significantly.
By looking at the data, we can assume that vehicles like the Honda CR-V, Honda Accord, Hyundai Elantra, Ford Escape, and Jeep Wrangler are going to be a few of the most affordable vehicles to insure for people who own their homes.
The information below highlights how deductible selection can influence insurance prices when quoting cheap insurance for homeowners. The price estimates are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
A 40-year-old driver could reduce rates by $408 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $614 by changing to a $1,000 deductible. Young drivers, such as the Age 20 example, could potentially save up to $1,008 or more just by using higher deductibles.
If you do make the decision to raise your deductibles, it will now be necessary to have emergency funds available to satisfy the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Discount Riverside auto insurance
Insurers that offer coverage for homeowners may also offer policy discounts that may potentially lower prices by as much as 40% or more if you meet specific eligibility requirements. The best car insurance companies and some of the discounts are:
- State Farm has discounts for passive restraint, defensive driving training, Steer Clear safe driver discount, safe vehicle, Drive Safe & Save, and good driver.
- GEICO has savings for anti-theft, military active duty, seat belt use, driver training, anti-lock brakes, federal employee, and multi-vehicle.
- Progressive offers premium reductions for homeowner, multi-policy, multi-vehicle, good student, online signing, and online quote discount.
- 21st Century may have discounts that include homeowners, driver training, student driver, air bags, automatic seat belts, and defensive driver.
- American Family policyholders can earn discounts including TimeAway discount, multi-vehicle, air bags, defensive driver, good student, and mySafetyValet.
- The Hartford offers discounts for anti-theft, driver training, good student, vehicle fuel type, and defensive driver.
- AAA offers discounts including AAA membership discount, multi-policy, good student, pay-in-full, multi-car, and anti-theft.
The information below visualizes the comparison of premium costs with and without discounts applied to the policy rates. The price estimates are based on a female driver, no claims or driving violations, California state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with safe-driver, accident-free, vehicle safety, anti-theft, claim-free, and marriage discounts applied. When discounts are factored in, theaverage amount saved on car insurance for homeowners is 28% or $830.
How to find the cheapest auto insurance for homeowners
Below you’ll find some thrifty suggestions that can help California drivers locate more affordable car insurance.
- Drive a car with a high safety rating
- Save money by only buying liability coverage for older vehicles
- Avoid filing excessive claims
- Raise physical damage deductibles
- Bundle home and auto and earn a discount
- Drivers with good credit ratings often pay less
- Ensure you have the best deal by shopping around regularly
That last piece of advice is incredibly necessary, as we pointed out in the prior information. Auto insurance prices in Riverside can be changed at any time, so don’t be tentative to switch companies if a better deal can be had. Having a favorite company is great, but it’s not a good idea if that inflexibility results in costing you hundreds every year. In just a couple of minutes you could compare rates to find cheaper car insurance for homeowners.
The professional agents shown below can provide answers to your questions and help you determine which insurance coverage you need, as lots of people like to have professional advice when trying to find the best insurance rates for homeowners. It can be complicated to find the best policy on your own, so professional agents can give you peace of mind knowing you have adequate asset protection.
To find an agent close to you, click the button link following the list.
Danmar Insurance Services
9899 Indiana Ave #101 – Riverside, CA 92503 – (951) 509-0509
Carol Uhler – State Farm Insurance Agent
11731 Sterling Ave d – Riverside, CA 92503 – (951) 688-9911
Adriana’s Insurance Services
6200 Van Buren Boulevard #105 – Riverside, CA 92503 – (951) 710-1100