One of the more important components that aid in calculating auto insurance rates is where you live in Riverside. Areas with increased crime or more people tend to pay slightly more, whereas less populated areas have the benefit of cheaper auto insurance prices.
The following table rates the priciest cities in California for 19 year olds to buy auto insurance in. Riverside ranks #12 with the annual price of $1,527 for car insurance, which is around $127 per month.
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Price information shown is estimated as specific Riverside garaging address can alter coverage rates significantly.
Shopping around for budget car insurance is not the easiest thing to do, and finding out which companies quote the cheapest car insurance rates for 19 year olds calls for even more perseverance. Every car insurance company uses their own method for filing rates in each state, so we need to take a look at the overall cheapest car insurance companies in Riverside, CA.
It’s important that you understand Riverside car insurance rates are impacted by many things that may substantially change the price you have to pay for coverage. Improving your credit score, increasing deductibles, or getting a few speeding tickets can trigger rate changes that can now make some companies more affordable than the competition.
Best Insurance Companies for Teens
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USAA has some of the lowest car insurance rates in Riverside at around $1,109 per year. This is $542 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide also are some of the most economical Riverside, CA insurance companies.
As the rates illustrate above, if you currently have coverage with CSAA and switched to USAA, you might achieve yearly savings of in the vicinity of $89. Drivers with Century National might save as much as $105 a year, and Nationwide policyholders might realize rate reductions of up to $141 a year.
To get a fast rate comparison, click here to start a quote or visit any of the low-priced companies below.
It’s important to note that these prices are averages across all types of drivers and the different vehicles they drive and and are not calculated with a vehicle location for 19 year olds. So the car insurance company that fits your age and vehicle best may not even be in the top 24 companies in the list above. That underscores the importance of why you need to get rate quotes from many companies using your own driver data and vehicle information.
Get discounts on Riverside auto insurance rates
Auto insurance companies that sell policies for 19 year olds may also give you discounts that can reduce rates by 35% or more if you are eligible. The best car insurance companies and some of the premium reductions they offer are included below.
- State Farm policyholders can earn discounts including defensive driving training, good student, passive restraint, safe vehicle, multiple autos, multiple policy, and Steer Clear safe driver discount.
- Farmers Insurance may have discounts that include distant student, early shopping, pay in full, youthful driver, and good student.
- GEICO discounts include seat belt use, anti-theft, driver training, good student, anti-lock brakes, multi-policy, and emergency military deployment.
- American Family offers premium reductions for Steer into Savings, multi-vehicle, air bags, accident-free, bundled insurance, and mySafetyValet.
- Nationwide has discounts for multi-policy, good student, defensive driving, business or organization, anti-theft, and easy pay.
- Progressive may offer discounts for online signing, multi-vehicle, continuous coverage, homeowner, and multi-policy.
The information below shows the comparison of insurance premiums with and without discounts applied to the premium. The rates are based on a male driver, no claims or driving citations, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with accident-free, vehicle safety, anti-theft, defensive driving course, safe-driver, and passive restraint discounts applied. When discounts are factored in, theamount saved on car insurance for 19 year olds is 28% or $1,041.
The diagram below demonstrates how deductibles can increase or decrease yearly insurance costs when researching cheap insurance for 19 year olds. The data is based on a single male driver, full coverage, and no policy discounts are applied.
The data above shows that a 40-year-old driver could save $506 a year by changing from a $100 deductible up to a $500 deductible, or save $762 by switching to a $1,000 deductible. Young drivers, like the 20-year-old example, could shave up to $1,674 annually by using a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it will be necessary to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense associated with higher deductibles.
Violations and accidents raise rates
The ideal way to maintain low car insurance premiums for teenage drivers is to be a cautious driver and avoid at-fault accidents and violations. The chart below demonstrates how traffic citations and accidents can raise insurance costs for different ages of insureds. The premiums assume a single male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
The data above shows the average cost of a car insurance policy in California per year with no accidents and a clean driving record is $1,849. Get written up for one speeding ticket and the average cost increases to $2,088, an increase of $239 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for 19 year olds goes up to an average of $2,744. That’s an increase of $895, or $75 per month, just for not keeping your driving record clean!
Compare quotes and save
Riverside, CA car insurance rates are influenced by many factors that may substantially change the price you pay for coverage. Simply getting older, moving to a new city, or getting a ticket for running a stop sign may cause policy rate changes that can now make some companies more affordable than the competition. In addition to those changes, companies change premium rates as often as every three months in order to maintain liquidity for claims. Significantly higher losses can cause increased policy costs, while a profitable period can produce lower-cost Riverside car insurance rates.
The graph below shows a variety of companies that have the cheapest car insurance in Riverside, CA for a 30-year-old female driver with a good driving record, no prior claims, and a high credit rating. Based on her current rating profile, USAA quotes the lowest car insurance rates in Riverside at $1,305 each year. This is $346 less than the average policy premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide round out the rest of the cheapest Riverside, CA auto insurance companies.
Now let’s give the driver from the first example a couple of claims, a little lower credit rating, and a few traffic violations. Due to the fact that every auto insurer has a different process to set policy rates, analyzing rate quotes could now result in a significantly different list of the cheapest companies as shown below.
Grange now has the cheapest price in Riverside, CA with Mercury, Allstate, GEICO, and Allied completing the list. This example proves why it is critical to shop around when trying to get the lowest car insurance rates for 19 year olds. Insurance rates can be altered by many factors and can change without notice, so the most economical option the last time you checked may now be quite expensive.