Figuring out which company has the most affordable auto insurance rates for low income drivers calls for a little more effort in order to find the best policy.
Every car insurance company has a different process for setting rates, so to begin we’ll rank the auto insurance companies with the overall cheapest rates in Chula Vista, CA.
Best Insurance Companies in California
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|Rank||Company||Cost Per Year|
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USAA offers some of the best car insurance rates in Chula Vista at around $1,121 a year. Wawanesa, Century National, CSAA, and Nationwide would also make the list of some of the best Chula Vista, CA car insurance companies.
In the above example, if you are a policyholder with CSAA and switched to USAA, you might achieve a yearly savings of in the neighborhood of $77. Customers with Nationwide may save as much as $105 a year, and 21st Century policyholders might see rate reductions of $217 a year.
Be aware that those prices are averages across all insureds and vehicles and do not factor in a specific vehicle garaging location for low income drivers. So the insurer that can offer you the lowest price may not even be in the top 24 companies shown above. That point stresses why you need to quote rates from many companies using your own individual information.
The vehicle driven is a large factor that determines whether or not you find affordable coverage for low income drivers. Vehicles with limited speed and performance, excellent safety ratings, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models.
The next list estimates coverage premiums for some of the most affordable vehicles to insure in California.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 4WD||$856|
|Ford F-150 XL Super Cab 2WD||$866|
|Honda CR-V EX 4WD||$880|
|GMC Sierra SLE Crew Cab 2WD||$934|
|Chevrolet Impala LT||$942|
|Dodge Grand Caravan SXT||$950|
|Hyundai Elantra SE Touring Station Wagon||$962|
|Toyota Corolla LE||$984|
|Toyota Camry SE||$992|
|Kia Optima LX||$1,000|
|Ford F-250 XL 2WD||$1,010|
|Toyota Tacoma 2WD||$1,000|
|Jeep Grand Cherokee Laredo 4WD||$1,020|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,026|
|Ford Edge SE AWD||$1,028|
|Toyota RAV4 2WD||$1,052|
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Table data does not factor in vehicle location which can change auto insurance rates noticeably.
Based upon these rates, we can infer that cars like the Ford Escape, Ford F-150, Toyota Prius, and Honda CR-V are some of the cheaper vehicles to insure for poor drivers.
One of the many components that are used to help calculate the cost of insurance is where you choose to live in Chula Vista. Areas with high crime rates or more dense population are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.
The following table sorts the highest-priced places in California for low income drivers to buy an auto insurance policy in. Chula Vista comes in at #23 with a yearly premium of $1,350 for car insurance, which is about $113 monthly.
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Table data uses comparative as the specific garaging location can increase or decrease rates greatly.
Difference between liability only and full coverage rates
Finding cheaper auto insurance is the goal of the majority of drivers, and one good way to reduce the cost of insurance for low income drivers is to only pay for liability coverage. The example below illustrates the comparison of yearly insurance costs when comparing full coverage to liability only. The premiums assume a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
Averaged for all ages 20 through 70, comp and collision coverage costs $2,525 per year over liability only. That is a large expense and it proposes the question if full coverage is worth the money. There is no set rule to delete physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
There are some situations where dropping physical damage coverage is not recommended. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should maintain full coverage.
The chart below shows how choosing a deductible can influence premium costs when researching cheap insurance for low income drivers. The premiums assume a single male driver, full physical damage coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could lower their car insurance rates by $362 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $546 by using a $1,000 deductible. Youthful drivers, like the age 20 example, could reduce their rates as much as $1,190 or even more by using higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it will be required to have enough savings set aside to allow you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Get discounts on Chula Vista insurance
Insurers that sell policies for low income drivers may also give you discounts that could lower prices by 40% or more if you are eligible. A list of companies and their possible discounts are outlined below.
- GEICO has savings for driver training, anti-theft, military active duty, multi-vehicle, and multi-policy.
- Travelers has discounts for new car, payment discounts, hybrid/electric vehicle, student away at school, early quote, continuous insurance, and IntelliDrive.
- Farm Bureau includes discounts for good student, youthful driver, safe driver, 55 and retired, and multi-vehicle.
- Liberty Mutual offers discounts for exclusive group savings, teen driver discount, multi-policy, preferred payment discount, newly retired, new move discount, and safety features.
- American Family offers discounts including bundled insurance, defensive driver, multi-vehicle, early bird, good driver, accident-free, and mySafetyValet.
- Progressive may include discounts for multi-vehicle, online signing, online quote discount, multi-policy, good student, and continuous coverage.
The illustration below illustrates the comparison of car insurance costs with and without discounts. The costs are based on a male driver, no claims or driving violations, California state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with claim-free, multiple vehicle, passive restraint, vehicle safety, anti-theft, and homeowner discounts applied. When discounts are applied, theamount saved on auto insurance for low income drivers is 28% or $640.
How to find budget-friendly insurance for low income drivers
Lowering your rates is not difficult, and here are a few thrifty ideas that can help you quote cheaper coverage.
- Avoid having at-fault accidents
- Do not get traffic violations
- Increase your deductibles
- Do not waste money insuring older vehicles for full coverage
- Try to pay small claims out-of-pocket
- Comparison shop frequently
The last idea is remarkably critical, as we discussed in this write-up. Car insurance prices in Chula Vista adjust often, so drivers shouldn’t be resistant to buy a different policy if a more affordable price is available. Having a favorite company is great, but it’s not a good idea if that loyalty results in overpaying several hundred dollars every year. Now is a great time to compare rates to find cheaper insurance for low income drivers.
If you have coverage questions and would like to get some help when trying to find lower insurance rates for low income drivers, the agencies below are a good start to help you decide which is the best policy. To locate a Chula Vista insurance agent in your neighborhood, click the button link following the list.
Adriana’s Insurance Services
1090 3rd Ave #5 – Chula Vista, CA 91911 – (619) 591-1540
L A Insurance
202 Broadway – Chula Vista, CA 91910 – (619) 476-1800
Farmers Insurance – Vanessa Coffeen Mcevoy
569 3rd Ave #104 – Chula Vista, CA 91910 – (619) 422-9223