The California Car Insurance Calculator can help you estimate how much car insurance you need based on your driving record, age and other factors. It also includes recommendations for saving money on premiums through discounts and using multiple insurers. With this tool, you can find the most competitively priced coverage from top companies within California while getting all of your quotes compared.
Coverage Requirements
The initial step in estimating your insurance costs is determining how much coverage you need and what price point works for you. In most cases, liability insurance will protect against claims of bodily injury or property damage. Comprehensive and collision coverage are likely also necessary – these cover damages to your vehicle – although these policies may be required by a car lender if leasing or financing a new car.
Personal Characteristics
Drivers with a clean driving record tend to pay less for auto insurance than those who have been convicted of traffic violations, had accidents or filed claims in the past. This is because insurers view them as low-risk risks.
Rates can differ significantly between insurers, so it’s essential to shop around for the best deal. Compare quotes from at least three different car insurance companies to discover how much money you could save.
Age and Gender
Younger drivers tend to be riskier than their older counterparts, which explains why the cost of car insurance for young adults in California tends to be higher than the national average. This is because younger motorists are more likely to get into an accident or have a poor driving record, leading to exorbitant premium increases.
Location and Crime — Your neighborhood’s crime rate and population density can impact your car insurance rates too. If you live in a high-crime area or one with heavy traffic congestion, expect your rates to be higher.
Credit Score and Your History — A recent speeding ticket or at-fault accident can negatively impact your rates for up to five years, while a DUI will increase them even longer. Insurers typically won’t drop you if your driving history is clean though, so be sure to get several quotes before buying a policy.
Life Events — Shifting locations, getting married and starting a family can affect your car insurance requirements as well as those for homeowners. Make sure to adjust your coverages accordingly.
Add a Teen Driver to Your Policy
In California, adding a teen driver to your policy can increase your car insurance by as much as 3.3 times. This is because insurers view teens as more inexperienced and risky drivers than adults.
If you’re worried about the cost of your premium, take time to comparison shop before purchasing a policy. You may be able to reduce your rates by switching companies or taking advantage of special discounts offered for good drivers.