Auto Insurance Costs In La: What To Expect

Auto insurance rates in Los Angeles, California, are influenced by factors such as age, driving record, location, and coverage type. The average cost of full coverage car insurance in LA is $3,508 per year, while minimum coverage costs $902 annually. These rates are higher than the California average of $2,573 for full coverage and $638 for minimum coverage. To find the cheapest car insurance in LA, it's recommended to compare quotes from multiple insurers, ask about discounts, and consider factors like age, driving history, and neighbourhood.

Average cost of auto insurance in LA

The average cost of auto insurance in Los Angeles, California, varies depending on several factors, including age, driving record, and location. Here is an overview of the average costs and some factors that can influence them:

Average Costs in Los Angeles

According to Bankrate, the average cost of full coverage car insurance in Los Angeles is $3,508 per year, while minimum coverage costs $902 annually. On the other hand, NerdWallet reports a lower average cost for full coverage at $2,184 per year. This discrepancy may be due to different data sources or varying definitions of "full coverage."

Costs by Age

Age plays a significant role in determining auto insurance rates. Younger drivers, particularly teens, tend to pay more for insurance due to their lack of driving experience. As they gain experience, rates generally decrease. Here are some average costs for different age groups in Los Angeles, according to NerdWallet:

• For 20-year-olds, the cheapest insurance is offered by Grange Insurance Association at around $149 per month for minimum coverage.
• For 35-year-olds, the cheapest insurance is again offered by Grange Insurance Association, with full coverage costing around $159 per month.
• For 60-year-olds, Grange Insurance Association continues to offer the cheapest rates, with full coverage averaging $159 per month.

Costs by Driving Record

Your driving history also significantly impacts your auto insurance rates. Drivers with clean records typically pay less than those with accidents, speeding tickets, or other violations. Here are some average costs for different driving records in Los Angeles:

• For drivers with a clean record, the cheapest insurance is offered by Grange Insurance Association, with full coverage costing around $159 per month.
• For drivers with a DUI, Mercury offers the most affordable rates, with full coverage costing around $284 per month.
• For drivers with an at-fault accident, Mercury again provides the cheapest option, with full coverage costing approximately $260 per month.
• For drivers with a speeding ticket, Grange Insurance Association offers the lowest rates, with full coverage averaging $159 per month.

Costs by Neighborhood

Even within Los Angeles, rates can vary by neighborhood due to factors like population density, crime rates, and accident statistics. San Pedro has the lowest average rates, with full coverage costing around $151 per month, while Beverly Hills residents pay the highest rates, averaging $249 per month for full coverage.

Other Factors

Other factors that can influence auto insurance rates in Los Angeles include gender, marital status, and credit score. Additionally, the specific insurance company and the level of coverage chosen will also affect the cost. It is always advisable to compare quotes from multiple insurers and consider the level of coverage that best suits your needs.

Cheapest auto insurance providers in LA

The cost of auto insurance in LA varies depending on factors such as age, driving record, and location. Here is a list of some of the cheapest auto insurance providers in LA, along with additional information to help you make an informed decision:

Geico

Geico offers affordable rates for various types of drivers, including young adults, teens, and those with a DUI on their record. They are the cheapest option for minimum liability coverage at $48 per month and full coverage at $159 per month. Geico also has a user-friendly website and mobile app that allow customers to manage their policies and file claims easily.

Progressive

Progressive is a good option for drivers looking for full coverage, with rates starting at $1,515 per year. They also offer a range of endorsements, such as usage-based insurance plans and ride-share options for Uber/Lyft drivers. Additionally, Progressive includes pet injury coverage with policies that have collision insurance.

Mercury

Mercury is ideal for those seeking cheap full and minimal coverage. They offer various discount opportunities, such as their low-mileage insurance program and an E-signature discount for electronic paperwork. Mercury also has a good rating from AM Best, indicating financial stability.

Grange Insurance Association

Grange Insurance Association is consistently mentioned as one of the cheapest options for drivers in LA, especially those with a clean driving record.

CSAA

CSAA is known for its affordable rates, particularly for minimum coverage at $50 per month and full coverage at $143 per month. They also have competitive rates for drivers with a speeding ticket or an at-fault accident on their record.

State Farm

State Farm provides excellent customer service and is highly rated in J.D. Power's annual claims satisfaction survey. They offer competitive rates for teens and seniors, with full coverage starting at $3,614 per year for teens and $1,388 per year for seniors.

USAA

USAA is a great option for military personnel, veterans, and their families. They offer competitive rates, with full coverage starting at $1,140 per year.

When choosing an auto insurance provider, it is essential to consider not only the cost but also the level of coverage, customer service, and any additional benefits or discounts offered. It is recommended to compare quotes from multiple providers to find the best deal for your specific needs and situation.

Auto insurance for young drivers in LA

• Compare quotes from multiple insurers: The biggest variable in your insurance cost will be the company you choose, so be sure to shop around to find the best rate. Use comparison tools to easily get quotes from multiple insurers.
• Ask for discounts: Many insurance companies offer discounts for safe drivers, good students, and the installation of safety features in your car. Be sure to ask about any discounts you may be eligible for.
• Consider a family plan: If your older family members already have insurance, consider joining their policy. Sharing a policy with a low-risk driver can increase their costs, but it will likely still be cheaper than having separate policies. Some insurance companies also offer discounts for adding additional cars to a policy.
• Choose a higher deductible: Opting for a higher deductible can lower your premium. Just make sure you have enough money set aside to cover the higher deductible in case of an accident.
• Maintain a good driving record: As young drivers gain experience and maintain a good driving record, their insurance premiums will decrease.
• Compare rates regularly: Insurance rates can change over time, so be sure to compare rates from different companies every year or so to ensure you're still getting the best deal.
• Choose the right coverage: While minimum liability coverage is the cheapest option, it may not provide sufficient protection in the event of an accident. Consider opting for higher coverage limits or adding comprehensive and collision coverage to your policy for more protection.

According to recent analyses, Geico offers the cheapest minimum liability insurance in Los Angeles, with an average cost of $48 per month. For full coverage, Geico is also the cheapest option, with an average cost of $159 per month. For teen drivers, Geico offers the cheapest minimum coverage at around $149 per month for an 18-year-old driver, while State Farm offers the cheapest full coverage at $384 per month.

Auto insurance after a speeding ticket in LA

The cost of car insurance in LA is already high, and a speeding ticket will only increase this cost. The average cost of full coverage car insurance in LA is $3,508 per year, and a single speeding ticket can increase this by 79%, to $5,025 per year.

The exact cost of your insurance after a speeding ticket will depend on your insurance company, driving history, location, and other factors. Some companies may even double their rates after a speeding ticket.

• Compare quotes from multiple insurers: You may be able to find a cheaper policy with another company.
• Ask for discounts: You may be eligible for discounts such as low-mileage, safe driver, or good student discounts.
• Cash in on major life changes: Certain life events, such as getting married or moving to a suburb with lower accident and crime rates, can result in lower insurance rates.
• Raise your deductible: Increasing your deductible will lower your premium, but make sure you have enough money set aside to cover the higher deductible in case of an accident.
• Revisit quotes after your driving record improves: Wait three to five years for any accidents, tickets, or moving violations to drop off your record, then shop for new quotes.
• Reconsider the car you drive: The type of car you drive can affect your insurance rate. Newer and more expensive cars tend to be more expensive to insure.

Average cost of auto insurance in LA by neighbourhood

The cost of auto insurance in Los Angeles varies depending on the neighbourhood in which one resides. The rates are determined by various factors, including the number of accidents, the type of roads, and even the weather. Los Angeles is prone to car thefts, flooding, earthquakes, and wildfires, all of which contribute to higher insurance rates.

According to a rate analysis by Insure.com, the average cost of car insurance in Los Angeles is $2,937 per year or $245 per month. This is significantly higher than the average auto insurance cost in California, which is $822 more, and the national average, which is $1,255 more.

USAA offers the cheapest car insurance in Los Angeles, with an average annual cost of $1,962. However, USAA is only available to military personnel, veterans, and their immediate families. The second cheapest option is Progressive, with an average annual rate of $2,086.

The cost of auto insurance also varies based on age, gender, and driving record. Teens have the highest rates, at $7,532 per year, due to their lack of driving experience. Young adults pay $4,496 per year, while adult and senior drivers pay $3,025 and $2,972 per year, respectively.

When it comes to gender, female and male drivers pay the same average annual rate of $2,937 in Los Angeles, according to Insure.com. This is because, statistically, women are considered safer drivers than men and have a lower rate of severe accidents.

Additionally, the cost of auto insurance in Los Angeles can be influenced by the coverage limits selected. The average annual rates for different coverage types are as follows:

• State minimum coverage: $831
• Liability-only coverage: $1,243
• Full coverage: $2,937
• Non-owners coverage: $467

In conclusion, the cost of auto insurance in Los Angeles varies by neighbourhood and individual factors such as age, gender, and driving record. Shopping around and comparing quotes from multiple insurers can help drivers find affordable options that meet their specific needs.

Frequently asked questions