The average annual car insurance rate in Downey is $1,573, which is higher than the state average of $1,429. According to MoneyGeek's research, Progressive is the cheapest insurer in Downey, offering an average rate of $1,194 annually. Using MoneyGeek's ratings of the best car insurance companies in Downey, you can determine which company provides affordable rates and great service. MoneyGeek also analyzed rates by coverage amount and driving history.
Compare the Cheapest Car Insurance Quotes in Downey
The Cheapest and Best Car Insurance in Downey
The Cheapest Car Insurance Companies in Downey
On average, Downey's most affordable car insurance policies are provided by:
- Progressive: $1,194 per year
- USAA: $1,216 per year (only serving current and former military members and their families)
Comparing insurance quotes from various insurers can help you get the best car insurance in Downey. The most expensive insurer in Downey is Allied, which quotes $1,973 per year on average. This is 65.2% more than Progressive for a comparable policy.
MoneyGeek used a 40-year-old male driver's profile to evaluate the premiums for a full coverage policy. The policy includes liability-only coverage only for bodily injuries and property damages to others, as well as comprehensive and collision coverage.
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Average Cost of Car Insurance in Downey
Downey's average car insurance rate is higher than the state and national averages. The average rate of auto insurance in Downey is $1,573 per year. This is 10.1% higher than California’s state average for a comparable policy and 10.5% higher than the national average rate of $1,424 per year.
The Best Car Insurance Companies in Downey
MoneyGeek rated car insurance companies in Downey using a unique system to determine which companies offer a balance of affordability and quality service. According to MoneyGeek, the following companies ranked the highest:
- Auto Club of Southern California Insurance Group: MoneyGeek score of 90 out of 100 points
- GEICO: MoneyGeek score of 90 out of 100 points
With a score of 100, USAA ranked as the best car insurance company in Downey. However, the company only provides insurance to current and retired military personnel and their families.
MoneyGeek used J.D. Power's consumer satisfaction, affordability and financial stability ratings to rank the companies.
Personalized Quotes to Get You the Cheapest Car Insurance in Downey
A few factors that influence car insurance rates in Downey include age, gender, location, driving record, driving history and more. By regularly comparing car insurance quotes from each company, you can find the one that offers the best rate in Downey. You may even be able to get discounts.
Shopping around for car insurance in Downey could save you $379, which is enough to buy:
Cheapest Car Insurance in Downey by Coverage Amount
The amount of coverage you buy impacts your insurance premiums regardless of where you live. In Downey, the average cost of a car insurance policy that meets the state's minimum requirements is $732 per year. A full coverage policy with higher liability limits, on the other hand, costs an additional $841 per year or $1,573 on average.
California Minimum Liability Requirements
- Bodily Injury and Property Damage$15,000 per person, $30,000 per accident and $5,000 for property damage. A more protective level is 100/300/100.
When looking for an affordable car insurance policy, it’s crucial to check whether it offers enough coverage. Progressive offers Downey drivers a state-minimum liability-only policy for $495 per year on average. Increasing your coverage to 50/100/50 costs roughly $195 more.
If you are at fault for an accident, a liability-only policy provides minimal compensation covering injury and damages to other persons or property. A 50/100/50 policy pays $50,000 per person for injuries, up to $100,000 total and $25,000 for property damage. A full coverage policy costs more and also protects you in an accident.
Progressive offers a 50/100/50 full coverage policy for roughly $1,088 annually. For about $106 more, you can get 100/300/100 limits.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Downey if You Have Driving Violations
Drivers with a clean driving record are more likely to qualify for lower insurance premiums. If you have a clean driving record, an Esurance car insurance policy will cost you an average of $1,250 per year. However, if you have a speeding ticket, you might pay $345 more for the same policy. If the offense is an at-fault accident, Esurance could charge you an extra $730 per year for a similar policy and an extra $1,892 if you have a DUI.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Your postal code will influence your car insurance premiums. Insurance companies take into account risk factors such as car theft, accidents and claim history in your neighborhood before providing you with a quote. To find rates in your neighborhood, you can compare auto insurance rates in California.
Downey residents living in the 90242 ZIP code will pay an average of $1,545 for auto insurance per year, which is $55 less than what the residents of ZIP code 90241 pay on average.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Downey
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Downey. How Downey ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Downey are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
About the Author
- Kaiser Family Foundation. "2019 Employer Health Benefits Survey." Accessed January 16, 2020.