You can use the MoneyGeek California car insurance calculator to get an estimate of how much it will cost you to insure your vehicle. It takes a few pieces of personal information and then estimates the costs based on a few different factors. Whether you are insuring your teenage daughter or yourself, you can find an estimate to help you budget for your coverage.
The cost of auto insurance in California varies by driver, vehicle, and location. Insurance rates are determined by a number of factors, including age, credit score, and driving record. If you want to get the best rate possible, it’s best to shop around for a variety of quotes. Once you find the best policy, let your insurer know that you’re comparing. This can save you money.
You’ll want to pay attention to the minimum auto insurance requirements for your state. In California, you need to have at least $15,000 bodily injury liability per person, $30,000 per accident, and $5,000 for property damage. Additionally, you’ll need uninsured/underinsured motorist coverage. Besides the minimum, you can also add more coverage to protect you in case of an accident.
You’ll also need to keep in mind the amount of time you’ll be driving. More time in the car means more risk of an accident, and more risk of being in an accident increases your auto insurance premium. Some insurance companies will offer a discount if you choose to drive fewer miles.
Young drivers are considered high-risk because of their lack of experience and overspeeding. They have more accidents than experienced drivers and are usually charged higher insurance rates. While the rates for young drivers may be high, the cheapest premiums are for drivers in their 60s and older.
Compared to the national average, California car insurance is on the higher end. However, you can still find a comparatively low rate by shopping around. One of the easiest ways to do this is to request a quote online. A number of companies will offer a quick quote for your coverage, and most will finalize the transaction within 24 hours.
Among the most important factors in determining your California car insurance rate is your age. Rates for teens, as well as those in their late twenties or early thirties, are on the higher side. Even if you have a clean driving record, recent violations can raise your insurance costs. Those with a DUI can see their rates increase by up to $3,000 a year.
Unlike many other states, California does not consider your credit history a factor in determining your insurance rate. However, if you have a poor credit history, you will have to pay more for auto insurance. Similarly, the company you are with will also have an impact on your rates.
Other factors to keep in mind are the type of vehicle you drive and the value of your vehicle. The cost of labor and parts for your vehicle can also influence your insurance premium. Depending on the value of your vehicle, you may need to add an umbrella policy. Umbrella coverage typically starts at one million dollars.