The best car insurance for seniors in California is affordable, yet provides enough coverage to keep up with the changing needs of older drivers. Seniors get into more car accidents than middle-aged drivers, for example. About 10% of fatal crashes in California involve a driver who is at least 65 years old. This is why older drivers may see their rates go up for the first time in decades.
As a result, seniors in California with miles of driving ahead of them should make sure to compare quotes for cheaper insurance. Some of the best auto insurance companies for seniors in California are:
The Hartford AARP
The best car insurance companies in California provide a hassle-free claims process and top-notch customer service. They also have discounts for seniors who take a defensive driving course and low-mileage or usage-based coverage for retirees who are no longer commuting to work every day.
Car insurance in California costs roughly $3,900 per year ($325 per month), based on a 2019 study by WalletHub. The cheapest car insurance companies in California charge less than $2,500 per year ($208 monthly). Some of the most expensive car insurance in California costs more than $9,000 per year.
These estimates are based on quotes for at least 30 zip codes in California, using a variety of driver profiles from the California insurance regulator’s database. The specific dollar amounts may change a bit based on driving history, age, location of residence, coverage levels and other factors. But the overall hierarchy of California car insurance companies should stay pretty much the same.… read full answer
Companies with the Best California Car Insurance Rates:
California Capital Insurance Company
Aspire General Insurance Company
If you’re looking for new car insurance, these are good companies to start with. But keep in mind that insurance rates are affected by a range of factors. Learn more about them in WalletHub’s 2019 Report on Cheap Car Insurance in California.
The car insurance coverage required by California law is a minimum of $15,000 in bodily injury liability coverage per person, a minimum of $30,000 in bodily injury liability coverage per accident, and a minimum of $5,000 for property damage liability.
Bodily injury liability coverage helps pay for another person’s injuries in a car accident when you are at fault. Property damage liability coverage helps pay for the other person’s car. Your insurance company pays up to the limit specified in your policy for each of these categories.… read full answer
Drivers in California face multiple penalties if you’re caught driving without at least the minimum auto insurance required by state law. Possible outcomes include fines and your car being impounded. Another important California law to note is the grace period for new residents: When you move to California, you have 20 days to register your car. You’ll need to show proof that you’ve obtained California car insurance, with coverage in each of the categories listed below.
Minimum Car Insurance Requirements Under California Law:
Bodily injury liability per person: $15,000
Bodily injury liability per accident: $30,000
Property damage liability: $5,000
Just because you can drive legally with the minimum amount of car insurance coverage required by California law does not mean such coverage will provide adequate protection for you personally. Policies can go beyond California’s minimum coverage requirements in two ways: higher limits and more robust coverage.
Higher coverage limits mean that the insurance carrier will pay more for another person’s injury or property damage in the event of an accident. More robust coverage could include provisions that cover your own injuries, your vehicle, uninsured motorists and more.
If you can afford it, strongly consider paying for more robust coverage than the minimums required by California’s car insurance laws. People who do not have adequate medical and disability insurance, live in a densely populated area, drive often, or may be concerned about car theft or damage should be especially motivated to go above and beyond.
If you might otherwise drive without insurance, getting the minimum amount of car insurance coverage required in California is better than nothing.
When deciding whether to purchase more than California’s minimum coverage, it is a good idea to compare quotes from several insurance companies before selecting the policy that’s best for you.
The average price for car insurance is $3,928 per year, according to a 2019 WalletHub study comparing quotes from 46 auto insurers in over 30 California cities. Car insurance prices vary by city and state, but California provides a fairly representative average because it is both the most populous state in the U.S., and in the middle of … read full answerWalletHub's state-by-state price rankings.
Although the overall average price of car insurance is just under $4,000 per year, affordability varies widely by company. Companies that rank in the top 25% for affordability have average annual premiums under $3,300. Companies in the bottom 25% cost from $4,400 to as much as $9,000 per year.
Age and experience matter greatly, of course. Even within the same company, a driver age 45-49 with a good driving record can pay less than half of the premium paid by a 20- to 24-year-old with a bad driving record. For example, Progressive’s average premium for an older good driver is $2,107 annually, compared to $6,880 per year for a younger driver with violations or accidents.
To learn more about how much car insurance costs and see which auto insurance companies are the least expensive in each state, check out WalletHub's 2020 Cheap Car Insurance Study.
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