California auto insurance Quotes
There are lots of things you will need to consider if you looking out for cheap California auto insurance quotes believing you are not a high risk driver. So the question now is, are you shopping for an affordable car insurance quote in California? You see California insurance companies offers you a good driver’s discount provided you have a clean driving record. Read more to learn about California car insurance rates, laws, and programs here.
Going from California Auto Theft Statistics to California Auto Insurance Rate Trends and from California Auto Insurance Laws & Requirements to California DUI Laws and. California Teen Driver Laws to California Auto Insurance Rate Estimates, trying to get all the information you need about insurance can be frustrating but there is a good news which is that; if you’re a California driver, all the information you need is right here.
Car Insurance Requirements in California
The California law requires that you must have a way to cover the costs related to injuries or damages you may have caused in a car accident. On this note, buying a liability car insurance is the best thing you have to do to enable you meet this California auto insurance requirement.
The minimum amount of liability insurance you must have on your insurance policy is:
- $15,000 for injury/death to one person in a car accident.
- $30,000 for injury/death to more than one person and
- $5,000 for damage to property in a car accident.
Other Car Insurance Coverage in California
Even though liability insurance coverage is the only type of car insurance coverage you are required to carry in California, there are still several other types of car coverage that’s available for you to choose from, they are:
- Comprehensive coverage: This type of car insurance coverage protects you against damages that might occur to your car which do not involve traffic accidents like theft-related damages.
- Collision coverage: collision coverage insures you against damages to your car that occurs as a result of a traffic collision such as an accident with another driver.
- Medical and funeral services coverage.
- Uninsured/Underinsured motorist coverage: Uninsured/underinsured coverage can cover damages caused by drivers without insurance. According to the statistics from the California Department of Insurance (CDI), in 2004, 14.43% of California drivers had no car insurance.
- Rental car coverage. This type of coverage insures cars that are hired or rented out.
- Towing and labor coverage.
Insurance Rate Examples for California
Are you looking for an auto insurance quote in California where you can save money on your car insurance? All you need to do is either shop around or compare auto quotes from different can insurance companies, then get the cheapest among all that best serves your need and apply.
Related: North Carolina Auto Insurance
California Auto Insurance Rate Trends
Knowing the average monthly premiums, auto insurance rates and rate trends for California makes you an informed consumer which helps you to get the best out of your insurance cover. Below this paragraph is a compiled recent auto insurance quotes of California’s average monthly premiums and rate trends by month which you can use to compare with the national averages. Check out the chart of monthly premiums and table of rate increases and rate decreases for insight on what you need to know to make an educated decision about how much you pay for your auto insurance in California.
Best Car Insurance Rates in California (2017)
Unfortunately, auto insurance rates in California tend to be among the more expensive half of the nation, although not all rates have to be high. Below is the tip of to provide drivers in California with information in searching for car insurance quotes and the cheapest companies. Depending on where you live, the cost of insuring a car can range quite widely from company to company as you shop around. Just as said earlier, auto insurance consumers should shop around and compare quotes to get low rates. Go to any of the desired California auto insurance online quotes and enter your zip code above to start shopping for great auto insurance rates among top U.S. insurers in your area.
California’s Proposition 103
Before 1988, California was among only a small handful of states that had no state-governed regulations on the insurance industry. As a result, California auto insurance rates kept climbing to levels that were not affordable to many people.
To combat what many saw as arbitrary insurance rates, Californians voted into law Prop 103 on November 8, 1988, which called for consumer-driven regulation on insurance companies.
Under Prop 103, insurance companies were required to cut their rates to 20% less than what they were in 1987. Any rate changes from that point would have to be approved by the California Department of Insurance.
Among the provisions of Prop 103 are rules regulating how insurance companies determine your car insurance premiums and the Good Driver Discount policy.
Good Driver Discount Policy
California law requires insurance companies to offer a 20% discount to good drivers because of prop 103. You qualify for this Good Driver Discount policy in California only if:
- You have been licensed to drive for the past 3 years or more.
- During the past 3 years you, you have a good driving record, meaning have not:
- Had more than 1 point on your driving record due to road/driving violation(s).
- Taken to traffic school because of a traffic violation more than once.
- Been the at-fault driver in an accident that resulted in damage, injury or death.
Determining Your Insurance Premium: Credit Score
The Prop 103 law makes it illegal for insurance companies in California to use your credit history as a key factor in determining the cost of your car insurance premium. So because of this, other factors may carry more weight in determining how much you pay for you auto insurance in California.
These factors may include:
- Your age.
- Your driving record.
- The make/model of your car.
- Where you live.
- The purpose of your car (e.g. commercial or personal use).
Car Theft In California
California is the state in America that has the highest record of car theft. According to a report issued by the California Highway patrol in, they were 156,796 vehicles that were stolen in 2011, at an estimated cost of one billion US dollars.
How Car Theft Affects Your Car insurance Rates In California
Many car insurance companies consider the risk of car theft in a given area when calculating a policyholder’s insurance rate. Since car theft rates in California are high, you get to pay a higher rate for you coverage.
The rate of car theft in California is affecting everyone that has car insurance. To curb this, you will need to educate yourself about the types of cars and trucks that are stolen and as well learning and implementing simple ways to prevent your car from being stolen, that way you’re taking positive steps toward keeping car insurance rates low for everyone in the state.
Most Stolen Cars in California
Do know that driving a car that is often targeted for theft may increase your car insurance rates, not just in California but in every states.
Below is a list of the most commonly stolen cars in California for 2015 according to www.nicb.org:
- Honda Accord with 52,244 total thefts cases
- Honda Civic with 49,430 total thefts cases
- Ford Pickup (Full Size) with 29,396 total thefts cases
- Chevrolet Pickup (Full Size) with 27,771 total thefts cases
- Toyota Camry with 15,446 total thefts cases
- Dodge Pickup (Full Size) with 11,212 total thefts cases
- Toyota Corolla with 10,547 total thefts cases
- Nissan Altima with 10,374 total thefts cases
- Dodge Caravan with 9,798 total thefts cases
- Chevrolet Impala with 9,225 total thefts cases.
So if you driving any of these car and want to get insurance for them, you’re likely to pay more for California auto insurance quote you get.