The words “bargain” and “insurance” really don’t belong together, especially when you are shopping around for the cheapest coverage for low credit scores. In an attempt to save some money, let’s get started by showing you some of the factors that can significantly affect insurance premiums, and find out if we can help you take the bite out of the next policy you buy.
The car, truck, or SUV on the policy is one of the primary factors when comparison shopping for affordable auto insurance for low credit scores. Vehicles with lower acceleration and performance, good safety features, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The information below features coverage prices for a number of the cheaper vehicles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$794|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$854|
|Ford F-150 XL Crew Cab 2WD||$872|
|Honda CR-V LX 2WD||$890|
|Honda Accord LX 4-Dr Sedan||$897|
|Ford Edge SE AWD||$902|
|Ford Explorer Limited AWD||$936|
|Toyota Camry XLE||$968|
|Toyota Corolla XRS||$984|
|GMC Sierra 2500HD SLE Crew Cab 4WD||$994|
|Chevrolet Silverado LT Extended Cab 2WD||$986|
|Dodge Ram Crew Cab SLT 2WD||$1,002|
|Hyundai Elantra SE Touring Station Wagon||$1,034|
|Toyota Camry Hybrid||$1,050|
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rate quotes do not factor in vehicle location which can modify premium rates substantially.
Based upon these rates, we can conclude that vehicles like the Ford Escape, Jeep Wrangler, Ford F-150, Honda CR-V, and Honda Accord are a few of the most budget-friendly vehicles to insure for bad credit.
For bad credit, one of the big criteria that are used to help calculate car insurance rates is the neighborhood you call home in Chula Vista. More densely populated places are more likely to have higher rates, whereas more rural areas tend to receive slightly lower rates.
The next table shows the most costly cities in California for low credit scores to purchase a policy in. Chula Vista shows up at #24 with the yearly price of $1,337 for the average insured, which is about $111 monthly.
|Rank||City||Average Per Year|
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Information shown are approximated as the specific garaging location can decrease or increase premium rates significantly.
Figuring out which companies offer the cheapest insurance rates for low credit scores takes a little more effort than just comparing a company or two. Every car insurance company used slightly different criteria for determining prices, so let’s look at the rankings for the insurance companies with the overall cheapest rates in Chula Vista, CA.
It’s important that you understand Chula Vista insurance rates are determined by lots of factors that can increase the cost of your policy. Simply improving your credit, buying higher coverage limits, or getting into an accident can produce rate changes that can now make some companies cheaper in comparison to the competition.
Best Insurance Companies in California
|Rank||Company||Cost Per Year|
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USAA may have some of the lowest car insurance rates in Chula Vista at around $1,143 a year. This is $508 less than the average premium paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide are also some of the best Chula Vista, CA auto insurance companies.
In this example, if you are insured with Nationwide and switched to Century National, you might realize an annual premium reduction of in the vicinity of $85. Drivers with 21st Century could save as much as $188 a year, and Grange policyholders might see rate reductions of $255 a year.
If you would like to find cheaper car insurance rates, click here or visit any of the low-priced companies below.
Understand that those prices are averaged across all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for low credit scores. So the car insurance company that is best for you may not even be in the top 24 companies in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Bad driving habits will cost you more
In a perfect world, the best way to find cheap insurance premiums for bad credit is to drive attentively and avoid accidents and traffic violations. The illustration below shows how traffic citations and accidents can increase insurance prices for different age groups of insureds. The price estimates are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
In the chart above, the average cost of auto insurance in California per year with no violations or accidents is $2,882. Get one speeding ticket and the average cost hikes up to $3,312, an increase of $430 each year. Now add in two accidents along with the one speeding ticket and the 12-month cost of insurance for low credit scores increases to an average of $6,941. That’s an increase of $4,059, or $338 per month, just for not driving carefully!
Discount Chula Vista auto insurance rates
Insurance companies that offer coverage for low credit scores may also offer rate discounts that can reduce rates by as much as 40% or more if you meet certain criteria. A few of the larger companies and the discounts they provide are shown below.
- Farmers Insurance policyholders can earn discounts including homeowner, youthful driver, bundle discounts, good student, multi-car, and pay in full.
- State Farm has savings for multiple policy, multiple autos, defensive driving training, Steer Clear safe driver discount, and Drive Safe & Save.
- Liberty Mutual offers discounts for multi-policy, teen driver discount, new graduate, multi-car, new vehicle discount, preferred payment discount, and newly married.
- MetLife offers discounts including defensive driver, claim-free, accident-free, multi-policy, and good driver.
- Progressive has discounts for online signing, homeowner, continuous coverage, multi-policy, good student, and multi-vehicle.
The diagram below illustrates the comparison of auto insurance costs with and without discounts applied to the policy premium. The premiums are based on a female driver, no accidents or driving violations, California state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with safe-driver, vehicle safety, claim-free, homeowner, multiple vehicle, and anti-theft discounts applied. In this example, theaverage yearly reduction on insurance for low credit scores is 28% or $662.
Does full coverage make sense?
Saving money on insurance is important to most vehicle owners, and one way to pay less for insurance for low credit scores is to not buy full coverage. The example below shows the comparison of insurance prices with liability coverage only compared to full coverage. The premiums are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.
If averaged for all ages, comprehensive and collision coverage on your policy costs an additional $3,444 per year more than carrying just liability coverage. That touches on the question if it’s worth it to buy full coverage. There is no definitive guideline to delete full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
There are some circumstances where removing full coverage is not recommended. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not buy liability only.
Why you should be comparing rates
Chula Vista insurance rates are based on many factors that will increase or decrease the cost of coverage. Turning one year older, moving across town, or getting a ticket for careless driving may generate price changes that can now make some companies more affordable than before.
In addition, auto insurance companies amend pricing multiple times each year as an adjustment for underwriting gains or losses. Heavier than normal losses can result in additional premium costs, while a profitable period can cause more affordable Chula Vista car insurance rates.
To illustrate this example, the graph below shows the companies that have the cheapest car insurance in Chula Vista, CA for a 45-year-old female driver with no prior claims, no tickets, and a decent credit rating. If we estimate rates based on her current situation, USAA might quote the cheapest car insurance rates in Chula Vista at $1,155 annually. This is $496 less than the average rate paid by California drivers of $1,651. Century National, Wawanesa, Nationwide, and CSAA are the remaining best Chula Vista, CA auto insurance companies.
In this example, we will give the driver from the first set of rates a chargeable accident, poor credit, and a speeding citation. Because each insurer has their own process for setting rates, getting updated rate quotes most likely will result in a different ranking of cheap Chula Vista auto insurance companies as shown below.
Grange now has the cheapest price in Chula Vista, CA with Allied, Mercury, Progressive, and Allstate also having competitive pricing. This shows why drivers need to compare many different companies when trying to get the most affordable insurance rates for low credit scores.
Insurance prices are determined by many risk factors and can increase or decrease at any time, so the most economical company the last time you compared rates may now not even be in the top five.
The insurance agencies below are willing to answer your questions and help you decide which policy fits your needs best, since some drivers aren’t sure which coverage they need and prefer to have a little guidance when shopping around for cheaper insurance for low credit scores. It can be time-consuming to find the best coverage yourself, and professional agents can give you comfort knowing your policy gives you sufficient coverage at claim time.
To locate a Chula Vista auto insurance agent nearest to you, click the button following the list or click here to compare prices now.
Insurance Place – Chula Vista
713 Broadway # A – Chula Vista, CA 91910 – (619) 409-7650
Allstate Insurance: Candy Raya
985 Broadway j – Chula Vista, CA 91911 – (619) 691-8111
State Farm: Danny Patel
345 F St #160 – Chula Vista, CA 91910 – (619) 426-8352
Brian Konishi – Allstate Insurance Agent
786 Third Ave – Chula Vista, CA 91910 – (619) 426-6580
555 Broadway #2018 – Chula Vista, CA 91910 – (877) 221-0676