Cheapest and Best Car Insurance in Concord, CA (June 2024)

In Concord, California, finding economical insurance depends on your specific coverage and driver profile. For full coverage, National General leads with the lowest rates, diverging from GEICO, the most affordable for minimum coverage. Families with teenagers will find State Farm offers competitive premiums. While Capital Insurance Group is renowned for the best overall value balancing cost and service, Chubb excels in customer service. Keep in mind, the optimal choice varies based on personal preferences and coverage needs.

MoneyGeek found that GEICO is the cheapest option in Concord, offering drivers substantial savings on their car insurance needs. Compare rates for the most affordable minimum coverage:

• GEICO: $413 per year
• Progressive: $446 per year

On the other hand, Chubb has the most expensive minimum coverage policy in Concord, with an annual premium of $759. This significant price gap of $346 emphasizes the importance of shopping around to find the cheapest car insurance for your needs.

Motorists in Concord are guided by state law when it comes to the minimum car insurance coverage required. Here are the essentials:

• $15,000 bodily injury per person
  
• $30,000 bodily injury per accident
  
• $5,000 property damage liability per accident
  

If you have a car accident resulting in bodily injuries, your minimum coverage policy would cover up to $15,000 per person but no more than $30,000 for the entire accident. If the actual costs exceed your coverage limits, you'd be responsible for paying the difference out of pocket. So while minimum coverage sets a basic standard, it is limited.

MoneyGeek found that National General is the cheapest option in Concord for those seeking the cheapest full coverage car insurance. Competitive rates among providers are as follows:

• National General: $983 per year
• Progressive: $1,020 per year

Chubb offers the most expensive full coverage policy in Concord at $1,816 annually. It highlights the significance of comparing rates for full coverage car insurance, which typically costs more due to the comprehensive protection it offers.

In the representative full coverage plan exemplified by MoneyGeek, policyholders are privy to more extensive liability protections—sums elevated to $100,000 for bodily harm per individual, $300,000 for bodily harm per mishap and $100,000 for property destruction per incident. This level of coverage is succinctly noted as a 100/300/100 policy format.

A full coverage policy extends beyond raised liability caps incorporating comprehensive and collision insurance provisions:

• Collision Insurance: This component finances repairs to your automobile due to impacts with another vehicle or object, like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This portion underwrites costs from non-collision incidents that harm your car, such as theft or severe weather damage, natural disasters and being struck by an animal like a deer.

If you're leasing or have a car loan, you are typically required to carry full coverage insurance. For newly purchased vehicles, opting for full coverage offers greater protection. However, this may not be useful for aging automobiles, especially when considering the price increase. When you are determining the optimal car insurance amount, you should weigh the greater coverage against the higher premiums.

MoneyGeek found that National General is the most affordable option in Concord for drivers with a poor driving record, offering different rates depending on the specific infraction. Find the cheapest company for drivers with a poor driving record as detailed below:

• Speeding Ticket: National General ($1,031 per year)
• At-fault accident: National General ($1,456 per year)
• DUI: National General ($1,031 per year)

On the other end of the spectrum, the most expensive companies for these offenses in Concord are Nationwide for speeding tickets at $2,492, Kemper for at-fault accidents at $3,261 and CSAA for DUI offenses at $5,318 yearly. The yearly premiums demonstrate a significant fluctuation based on the severity of the violation, with a DUI's cheapest rate (National General at $1,031) starkly contrasted by the costliest, showing how impactful driving infractions can be on insurance costs.

Insurance premiums in Concord and other cities escalate with the severity of a driving infraction due to the increased risk posed to the insurer. For instance, drivers with a speeding ticket face an average annual rate of $1,933, but those with a DUI see their rates soar to approximately $3,308. This difference is why individuals with driving offenses must diligently compare rates to secure savings on their insurance policies.

MoneyGeek found that State Farm offers the cheapest car insurance for teens in Concord, with significant savings for both male and female teen drivers. Here are the two most affordable providers:

• State Farm: $2,662 per year for female teens and $2,662 per year for male teens
• Farmers: $2,807 per year for female teens and $2,807 per year for male teens

These rates reflect the cost of adding a teen driver to a policy shared with two parents. Nationwide presents the most expensive teen family policy in Concord, with a difference in annual rates: a female teen's policy with Nationwide costs $5,143, illustrating a potential $2,481 in savings when choosing State Farm over Nationwide. Insuring teens can be expensive since they are viewed as high-risk drivers, which can significantly impact family insurance expenses.

In Concord and other cities across the US, young drivers face steep car insurance premiums. The average individual annual premium for teenagers amounts to approximately $4,181, compared to $3,494 when they are included in a family plan. This is because insurers associate independent teen policies with increased risk, which can also make it challenging for teens to secure approval. Including teens in a family, policy spreads out the perceived risk, often resulting in more favorable rates and easier policy acquisition.

MoneyGeek found that National General is the cheapest option for cheapest car insurance for military backgrounds in Concord, with highly competitive rates. The two most affordable providers and their Annual Premiums are:

• National General: $983 per year
• Progressive: $1020 per year

It's worth noting that while USAA ranks fourth with an annual premium of $1189, it specializes in services tailored to the needs of active-duty military members, which can be a valuable aspect for those in the military community. Despite not being the absolute cheapest, USAA's focused services and robust coverage options are ideally suited for military families' unique circumstances.

In Concord, comparing car insurance rates is a key strategy for cost savings. However, the process is often cumbersome, potentially requiring over an hour to examine rates from three or more companies.

Fortunately, MoneyGeek's car insurance calculator allows you to get rate estimates by inputting crucial particulars such as age, driving history, credit score and desired coverage level.

Selecting the best auto insurance for you involves weighing factors such as service, cost, coverage and other variables. MoneyGeek has tailored research utilizing specific scoring systems for each category to determine Concord's leading car insurance providers:

• Best overall: Capital Insurance Group (Score 80 out of 100)
• Best for service: Chubb (Score 94 out of 100)
• Best cheap: Mercury (Score 78 out of 100)

Capital Insurance Group offers a strong balance of service and affordability, marking it as the best overall option. Chubb, scoring highest for service, is ideal for individuals prioritizing premium customer experience. Lastly, Mercury shines as the best option for budget-conscious consumers seeking affordable rates without significantly sacrificing service quality.

Capital Insurance Group is currently the top contender for the best car insurance in Concord, according to MoneyGeek's comprehensive analysis. When residents are seeking the finest coverage, two insurers stand out for their excellent ratings and competitive premiums:

• Capital Insurance Group: MoneyGeek score of 80 out of 100 ($1320 per year)
• Chubb: MoneyGeek score of 76 out of 100 ($1816 per year)

Capital Insurance Group distinguishes itself, particularly with its exceptional satisfaction and affordability ratings, which are the most significant factors contributing to its overall MoneyGeek score. It's important to note that the score reflects the provider's commitment to offering a full coverage policy that meets the diverse needs of Concord drivers while ensuring customer satisfaction and delivering value.

MoneyGeek found that Chubb is the best option in Concord for exceptional customer service regarding car insurance. This is based on overall satisfaction, claims handling and the extent of coverage.

• Chubb: MoneyGeek score of 94 out of 100 ($1,816 per year)
• Capital Insurance Group: MoneyGeek score of 82 out of 100 ($1,320 per year)

Chubb has the highest MoneyGeek score, signaling its commitment to customer satisfaction and superior claims service.

MoneyGeek found that Mercury is the best option for affordable car insurance in Concord. This company has achieved the highest MoneyGeek score, signifying a balance of cost and service quality that sets it apart in the local market.

• Mercury: MoneyGeek score of 78 out of 100 ($467 per year)
• State Farm: MoneyGeek score of 77 out of 100 ($458 per year)

Mercury has good customer satisfaction and claims handling combined with highly competitive pricing. Notably, this score relates to policies offering minimum coverage, indicating the exceptional value they provide to cost-sensitive drivers in Concord.

In Concord, the average car insurance cost is $1,378, but across California, the average stands at $1,457 annually. This is lower than the national average car insurance cost, which is $1,720 per year.

Car insurance premiums are determined by a wide array of factors, including driver’s location. Location is important because of factors such as accident rates, property crimes and traffic density. The city with the highest insurance premium in California is Glendale, with costs soaring to $2,260, starkly more expensive than the cheapest city, Santa Maria, which stands at just $1,168. This disparity highlights the impact of location on insurance costs, underlining the fact that remote or less densely populated non-city areas may experience even lower rates.