If you want to drive a car, you need car insurance. That’s the rules in California and pretty much every other state.
You cannot legally drive a vehicle without it. Pretty much like needing to have a license to drive.
Moreover, you are violating laws when you drive without car insurance coverage. All states, with the exception of New Hampshire, require every driver to have car insurance.
But sadly, premiums for car insurance coverage can be a little too expensive for some. One of the factors that affects how much car insurance premiums cost is the state that you live in.
In this article, we will discuss how much car insurance premiums cost in the state of California.
How Much Is Car Insurance In California?
The answer to that can be quite complicated. This is because there are a bunch of factors that affect how high car insurance premiums get in the state of California.
To give you a better idea, the average cost of car insurance premiums in the state of California in 2021 is $1,713 per year.
If you compare this to the national average cost of car insurance, which is $1,483 per year. So auto insurance in California is 20 percent, or $230, a month higher than the national average.
Factors That Affect the Cost of Insurance
One factor that will affect how much your car insurance premiums cost is the amount of coverage you have. In California, the average rate of minimum car insurance coverage is $733 per year. The average cost of maximum coverage for car insurance in California is currently $2,065.
Another factor that will affect how much car insurance will be is what insurance company you get your policy from.
The lowest premiums for minimum coverage are provided by Grange which is only around $520 a year. Meanwhile the highest premium for minimum coverage comes from Chubb which is right around $1,234 per year.
When it comes to full coverage, the highest premium of car insurance is provided by PURE, which costs about $4,176 on average. The lowest full coverage premiums is about on average of $1,599 which comes from the company, Wawanesa.
Effects of Age on Your Insurance
Another factor that affects the premiums of car insurance in California is the age. The cheapest car insurance rates in California are premiums for drivers in their 60s.
Their yearly premiums are only $1,408.62 on average. Meanwhile for drivers in their 70s, the average annual car insurance premiums are $1,568.61.
For drivers who are at the age of 18 years old, the average premium for a year is $6,021.14. For 30-year-old drivers, the average annual premiums are $1,618.56.
More Factors That Effect Your Insurance
Normally in car insurance, a person’s credit score is a factor that determines the costs of their premiums. However, in the state of California, the credit score of a driver is not a factor.
Another factor that is normally used in determining car insurance premiums is the driver’s gender. However, much like the driver’s credit score, his/her gender is also excluded from these factors in the state.
Arguably the most important factor that affects the premiums is your driving record. The more you get involved in accidents or violations, the higher your car insurance premiums will get.
Also, where you live in the state will affect your rates. Those living in urban, higher crimes areas will tend to have higher premiums.