Many California drivers have expressed frustration online over being unable to secure affordable auto insurance coverage. Many drivers have reported longer waits for quotes, rejection by insurers, and questionable insurance company behavior as the source of their trouble. Some have even moved their business elsewhere where better rates exist.
Moneygeek California car insurance calculator takes several factors into consideration when estimating an individual’s car insurance rates, including age, driving record and vehicle type. By providing an approximate figure for coverage in their state it allows drivers to compare policies and identify which best fit their budgets.
Drivers with poor credit are typically charged higher premium rates for car insurance due to insurance providers viewing it as a sign that their risks have increased and therefore more likely to file claims or get into accidents. However, this doesn’t apply in every state or when it comes to how a person’s credit score impacts their premium rate – in Oregon, Massachusetts, Michigan or Washington it won’t have any effect on this aspect.
Gender typically plays an influential part in determining annual premium costs; however, California stands out as one of only few states which does not use gender as a determinant in car insurance rates; therefore it does not impact them directly. Age however does have an effect; young drivers tend to pay higher premiums because they pose greater risk for accidents and violations.
Moneygeek’s California car insurance calculator takes your driving habits and driving safety into account when calculating premium rates for you. Spending more time behind the wheel increases your chance of an accident occurring; so it pays to drive safely while avoiding risky behaviors that may increase premium costs.
Driving history and tickets/accidents have an enormous effect on car insurance premium rates. According to California statistics, drivers with clean records typically pay approximately 1.7x less for coverage – although this does not always hold true; as explained by the Insurance Information Institute it depends on the severity of each offense committed.
Proposition 103 in California mandates that insurance companies seek approval from the California Department of Insurance before any rate increase of more than 7%; this process may take up to two years. Despite such challenges, consumers should know they can access assistance from CDI if they are having difficulty finding an affordable policy.