Cheapest and Best Car Insurance in Simi Valley, CA (July 2024)

In Simi Valley, California, Mercury offers the cheapest minimum coverage, but for full coverage, AAA is the least expensive. State Farm is best for families with teens.

For customer service, Chubb stands out, also securing the best overall position for its balance of service and cost. The right choice for your insurance needs hinges on preferred coverage and individual circumstances.

Mercury is the cheapest option in Simi Valley, providing the lowest minimum coverage car insurance rates for savvy consumers looking for the cheapest car insurance.

• Mercury: $511 per year
• GEICO: $548 per year

Allstate has the most expensive minimum coverage policy in Simi Valley, with an annual premium of $818. The difference of $307 between the cheapest and most expensive option underlines the importance of comparing car insurance rates to ensure you are getting the best deal for your needs.

State Minimum Liability Requirements

In California, all cities, including Simi Valley, adhere to the state law when it comes to the minimum car insurance coverage required. Here are the specifics:

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

Imagine you have a minimum coverage policy and are at fault in an accident, causing another person bodily injury. Your insurance will pay up to $15,000 for that person's claim, and if multiple people are injured, up to $30,000 for the accident. Should the expenses exceed these amounts, you would be responsible for the balance out of pocket. Remember, these figures are baseline requirements, and actual costs can quickly surpass these limits.

In Simi Valley, AAA offers the cheapest full coverage car insurance.

• AAA: $1,172 per year
• National General: $1,178 per year

Farmers offers the most expensive policy at $2,087 per year, highlighting the importance of comparing rates. Full coverage policies are pricier due to their comprehensive benefits that protect against a variety of incidents.

Do You Need Full Coverage in California?

A full coverage policy in Simi Valley includes coverage for damage to your own vehicle in the form of comprehensive and collision coverages. It usually also includes increased liability limits.

• Collision Insurance: This provides coverage for your vehicle in the event of a collision, whether with another vehicle or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This coverage insures your vehicle against various types of damage not caused by collisions, including theft, vandalism, fires, natural disasters and being struck by an animal like a deer.

If you have a new vehicle, it's wise to opt for full coverage insurance for more robust financial protection. If you're leasing or have a car loan, you are typically required to carry full coverage insurance.

On the other hand, owners of older vehicles may find that the extra cost — which can amount to several hundred dollars more per year — is not justified by the value of the vehicle. When deciding how much car insurance coverage you need, consider your ideal balance: more extensive coverage comes with higher premiums, but getting less coverage means you may pay more out of pocket if you need to file a claim.

National General is the most affordable option in Simi Valley for drivers with a poor driving record looking for full coverage policy after specific incidents. Here are the cheapest providers for each individual offense:

• Speeding ticket: National General: $1,237 per year
• At-fault accident: National General: $1,749 per year
• DUI: National General: $1,237 per year

The severity of an offense can influence car insurance premiums, though this is not the case in Simi Valley with the cheapest providers.

In Simi Valley, insurance premiums escalate with the severity of driving violations due to increased risk profiles. For instance, drivers with a speeding ticket may face an average annual rate of $2,169, but those with a DUI conviction could see their rates soar to an average of $3,632. Given these substantial differences, people with driving offenses should meticulously compare insurance rates.

State Farm offers the cheapest car insurance for teens in Simi Valley, a valuable find for families seeking affordable coverage in the city.

• State Farm: $3,032 per year for female teens and for male teens
• Farmers: $3,085 per year for female teens and for male teens

These rates exemplify the costs to cover a family with two parents and a teen driver, demonstrating significant savings potential. For example, Nationwide, at $5,057 annually for female teen drivers, is markedly more expensive.

Comparing Nationwide to the cheapest option, State Farm, shows a difference of $2,025 in annual premiums for a female teen, highlighting the importance of shopping around, especially when adding higher-risk teen drivers to your policy.

In Simi Valley, as is common across the United States, teenagers face steep car insurance premiums, often finding a significant financial benefit when added to a family policy. On average, a teen purchasing an individual policy may face annual premiums of approximately $4,560, in contrast to being part of a family plan where the average premium is about $3,825. This $735 difference underscores the high risk insurers associate with young, inexperienced drivers.

Teens may also struggle to secure individual policies due to their limited credit and driving histories, leading insurers to be hesitant in offering coverage without the backstop of a more experienced driver's history found in family plans.

AAA is the cheapest option in Simi Valley if you’re seeking the cheapest car insurance for military backgrounds.

• AAA: $1,172 per year
• National General: $1,178 per year

USAA, with an annual premium of $1,265, did not emerge as the cheapest in this dataset. But it's known for providing outstanding service that caters to the specific needs of active duty military members. USAA consistently ranks as one of the most competitive insurers nationally and is especially valued by the military community for its dedicated services.

In Simi Valley, 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.

MoneyGeek's car insurance calculator can help you streamline this process. By inputting details like age, driving history, credit score and preferred coverage, you can instantly receive rate estimates.

Among Simi Valley's insurance offerings, each provider is measured against variables from service to affordability. MoneyGeek uses distinct scoring systems to evaluate the best in varying categories:

• Best overall: Chubb (MoneyGeek score 82 out of 100)
• Best for service: Chubb (MoneyGeek score 94 out of 100)
• Best cheap: Mercury (MoneyGeek score 82 out of 100)

Chubb emerges as the go-to insurer in Simi Valley for those prioritizing balanced excellence, boasting the highest overall and service scores. Mercury stands out for budget-conscious consumers, offering cost-effective policies without significantly compromising on service quality.

Chubb offers the best option in Simi Valley for drivers seeking the best car insurance.

• Chubb: MoneyGeek score of 82 out of 100 ($1,822 per year)
• Capital Insurance Group: MoneyGeek score of 81 out of 100 ($1,507 per year)

Chubb stands out in Simi Valley not just because of its top MoneyGeek score but because it offers a harmonious balance of customer satisfaction and premium claims service.

Chubb is the best option for customer service-oriented car insurance in Simi Valley. This recognition comes from outstanding performance in several key areas, reflecting general satisfaction, claims handling and comprehensive coverage. Here are the top two providers:

• Chubb: MoneyGeek score of 94 out of 100 ($1,822 per year)
• Capital Insurance Group: MoneyGeek score of 82 out of 100 ($1,507 per year)

Chubb stands out for its highest scores in claims handling and coverage options. These factors, despite higher annual premiums, make Chubb the recommended choice for consumers prioritizing service quality over cost.

Mercury is the best option in Simi Valley if you’re looking for the optimal blend of affordability and quality in minimum coverage car insurance.

• Mercury: MoneyGeek score of 82 out of 100 ($511 per year)
• Capital Insurance Group: MoneyGeek score of 74 out of 100 ($678 per year)

Mercury secures the top spot with a near-perfect affordability score, a decisive factor for many policyholders. Its advantage is further bolstered by strong claims handling and satisfaction scores, underscoring the value it offers with its minimum coverage policies.

The average car insurance cost in Simi Valley, California, is $1,632. When compared with the state's average, Simi Valley's car insurance costs $70 more, with California's average ringing in at $1,562. The Golden State's average car insurance premiums are $219 less than the national figure, which is $1,781.

While location plays a vital role in determining car insurance rates, insurers consider various factors such as driving history and vehicle type. The reason location weighs heavily is due to the differing risks and costs associated with areas, like traffic patterns, accident rates and theft occurrences.

The most expensive city premium in California is Glendale at $2,115, which is higher than the cheapest premium found in Santa Maria at $1,106. This $1,009 difference illustrates how location within the state can substantially influence rates. Additionally, in less urbanized, non-city areas with lower traffic density, insurance rates may be even cheaper.