What are the largest car insurance companies in California? This question is about Car Insurance in California

What are the largest car insurance companies in California?

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This question is about Car Insurance in California

Delaney Simchuk, Car Insurance Writer

@delaney_simchuk • 07/14/22 This answer was first published on 07/14/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The largest car insurance companies in California are State Farm, Geico and Progressive, according to S&P Global Market Intelligence. State Farm is the largest auto insurer in California as well as the largest property and casualty insurer in the United States overall, providing more than 87 million insurance policies. Each of the 10 largest companies has an A- rating or higher from AM Best for its financial strength and ability to pay out claims, and at least a B+ rating from the Better Business Bureau.

Top 10 Largest Car Insurance Companies in California

In addition to the top 10 most popular car insurance companies in California, there are locally based companies that are smaller but still worth checking out. For instance, Wawanesa Insurance is a major car insurance company that mainly operates in California.

To learn more, check out WalletHub’s guide to the best car insurance companies in California.

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How much car insurance do I need in California?

Drivers in California need $15,000 of bodily injury liability insurance per person (up to $30,000 per accident) and $5,000 of property damage liability insurance. Collision, comprehensive and gap insurance may also be required by a lender or lessor if your vehicle is financed.

In addition, an optional but recommended type of coverage in California is uninsured/underinsured motorist insurance. It replaces the liability coverage an at-fault driver should’ve had and pays for your costs up to your policy limits.

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How much is car insurance in California per month?

Car insurance in California costs $60 per month or $717 per year for minimum coverage, on average. The cheapest car insurance companies in California are Geico, USAA, and Wawanesa, and getting quotes from several companies can help you find the best deal.

The average cost of car insurance in California is 7% higher than the national average auto insurance premium. There are several factors that affect how much you'll pay for car insurance in California, including...

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What car insurance discounts are available in California?

You can get car insurance discounts in California based on how you drive, the car you own, and your relationship with your insurance company. In California, car insurance companies are allowed to consider factors like marital status, driving experience, and insurance history when setting premiums. That means there are also discounts available for being married or driving safely over time. In California, insurance companies cannot use customer loyalty to determine rates. That means you can't...

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