Wouldn’t it be so easy if you could just know that one special company that has the best rates for drivers requiring a SR22? It’s not that easy, however, as there are a whole slew of unknown factors like whether you are single or married, when you were born, and what coverage limits you want. This article delves into the best ways to find cheap auto insurance and will hopefully give the reader some help in finding cheaper rates.
The type of vehicle that needs insurance is a large factor when shopping for affordable coverage for drivers requiring a SR22. Vehicles with higher performance characteristics, poor passenger safety features, or a history of substantial liability claims will cost substantially more to insure than safer models. The list below showcases auto insurance rates for a selection of the most affordable vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$2,922|
|Honda CR-V EX-L 2WD||$2,956|
|Ford Edge Limited 2WD||$3,326|
|Ford Explorer XLT 4WD||$3,340|
|Chevrolet Impala LT||$3,358|
|Toyota RAV4 Sport 2WD||$3,364|
|Volkswagen Jetta LE 4-Dr Sedan||$3,358|
|Chevrolet Equinox LT 2WD||$3,367|
|Ford Focus SEL 4-Dr Sedan||$3,479|
|Toyota Camry LE||$3,493|
|Dodge Grand Caravan Hero||$3,498|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$3,495|
|Ford F-150 Lariat Crew Cab Platinum 2WD||$3,543|
|Jeep Grand Cherokee SRT-8 4WD||$3,551|
|Chevrolet Malibu LTZ||$3,543|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$3,575|
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Cost estimates assume single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Information does not factor in zip code location which can raise or lower premium rates significantly.
Looking at the data, you can figure that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, Ford Edge, and Ford Explorer are going to be some of the more affordable vehicles to insure for high risk drivers. The cost of auto insurance will be more costly just because there is more claim exposure for drivers requiring a SR22, but generally speaking those vehicles will tend to have the lowest insurance rates that you are likely to find.
For high risk drivers, one of the largest components that are used to help calculate the annual cost of car insurance is where you call home in Chula Vista. Areas with high crime rates or more dense population are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.
The table below sorts the priciest cities in California for drivers requiring a SR22 in which to purchase auto insurance. Chula Vista is ranked at #25 with a yearly premium of $1,298 for the average insured, which is about $108 per month.
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Rates are estimated as the garaging address in Chula Vista can influence auto insurance rates considerably.
Determining which company offers the cheapest car insurance rates for drivers requiring a SR22 will involve a bit more effort in order to find the best policy. Each auto insurance company uses their own calculation for filing rates in each state, so we’ll take a look at the car insurance companies with the overall cheapest rates in Chula Vista.
We do need to point out that Chula Vista car insurance rates are impacted by many things which can substantially change the price of coverage. Simply turning a year older, having a teen driver, or having an at-fault accident can trigger price changes that can now make some companies more affordable than others.
Find the Cheapest Car Insurance for SR22 Drivers
|Rank||Company||Cost Per Year|
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USAA offers some of the best car insurance rates in Chula Vista at around $1,143 annually. This is $508 less than the average policy premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide also rank well as some of the most economical Chula Vista, CA auto insurance companies.
In the above example, if you are currently insured with Nationwide and switched to Wawanesa, you could see a yearly savings of in the vicinity of $93. Customers with 21st Century might save as much as $181 a year, and Grange customers might see rate reductions of $320 a year.
Remember that these policy rates are averages across all types of insureds and vehicles and do not factor in a specific zip code for drivers requiring a SR22. So the auto insurance company that is best for you may not even be in the top 24 companies shown above. That underscores the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.
Rate difference between full and liability-only coverage
Saving money on car insurance is the goal of most drivers, and an easy way to find cheaper insurance for drivers requiring a SR22 is to not buy comprehensive and collision coverage. The chart below compares auto insurance rates with liability coverage only compared to full coverage. The information is based on no tickets, no at-fault accidents, $500 deductibles, single marital status, and no additional discounts are factored in.
If we average the cost for all age groups, full coverage on your policy costs $2,772 per year more than just buying liability only. Many people question if you should buy full coverage. There is no clear-cut formula to eliminate full coverage, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
There are some conditions where only buying liability is not advised. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Selecting the top insurer can be difficult considering how many choices you have in Chula Vista. The information shown below may help you select which car insurance companies you want to consider comparing rates from.
These ratings include the largest companies in the United States, so companies without a large exposure are not included in this list. To compare prices from these top insurers and more, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|AAA of Southern California||91||94||97||92%||A+||94.1|
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Data Source: Insure.com Best Car Insurance Companies
The example below shows how choosing a deductible can influence annual premium costs when researching cheap insurance for drivers requiring a SR22. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are applied.
A 40-year-old driver could save $416 a year by changing from a $100 deductible up to a $500 deductible, or save $626 by using a $1,000 deductible. Even younger insureds, like the 20-year-old category, could possibly save $1,398 annually just by choosing higher deductibles.
When insureds make the decision to increase the deductibles on their policy, it is necessary to have enough funds in savings to be able to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
How to find low-cost car insurance for drivers requiring a SR22
Here are a few money-saving suggestions that can help California drivers locate lower-cost coverage.
- Raise deductibles
- Avoid having at-fault accidents
- Do not get traffic violations
- On older vehicles, drop full coverage
- If possible, do not file small claims
- Compare rates often to find the best deal
The final tip is remarkably vital, as was noted in the article above. Prices charged by car insurance companies vary greatly, so don’t be hesitant to switch carriers if a cheaper rate is available. Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that loyalty results in overpaying a considerable chunk of change every month. Now is a great time to compare prices and find cheaper insurance for drivers requiring a SR22 in Chula Vista.
The Chula Vista car insurance agencies listed below can answer your questions and help you decide which is the best policy, since some people prefer to have a little guidance when shopping for the best coverage for high risk drivers. It can be time-consuming to find the best policy on your own, so using a licensed agent can provide peace of mind knowing you have enough coverage when you need it.
To locate an agency close to where you live, click the link at the bottom.
Hugo Aguilera – State Farm Insurance Agent
629 3rd Ave L – Chula Vista, CA 91910 – (619) 420-3227
Farmers Insurance – Melissa Talbot
885 Canarios Ct #104 – Chula Vista, CA 91910 – (619) 781-8716
Adriana’s Insurance Services
1090 3rd Ave #5 – Chula Vista, CA 91911 – (619) 591-1540
Fletes Insurance and Financial Services
2127 Olympic Pkwy #1006 – Chula Vista, CA 91915 – (619) 616-0037