bestauto insuranceThousand Oaks2022Compare the Cheapest Car Insurance Quotes in Thousand Oaks
In Thousand Oaks, the average car insurance rate is $1,398 annually. This is less than California’s average. Esurance is the cheapest insurer, with yearly premiums of $1,076. Aside from the cheapest insurer, MoneyGeek found the most inexpensive options by coverage amount and driving history. We also ranked the best car insurance that balances quality and cost.
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Last Updated: 5/16/2022
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Mark Fitzpatrick
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In Thousand Oaks, car insurance rates differ for various drivers. Esurance is the cheapest provider overall and for drivers with speeding tickets. GEICO has the cheapest state minimum policies.
If you have a military background, USAA is the most affordable option.
Balancing cost and customer service, AAA tops MoneyGeek’s list of the best car insurance carriers in Thousand Oaks.
bestauto insuranceThousand Oaks2022The Cheapest and Best Car Insurance in Thousand Oaks
Cheapest Overall - Esurance
Cheapest State Minimum - GEICO
Cheapest With a Driving Violation - Esurance
The Cheapest Car Insurance Companies in Thousand Oaks
Drivers looking for a full coverage policy may consider the following car insurance companies in Thousand Oaks for the cheapest average rates:
- Esurance: $1,076 per year
- AAA: $1,177 per year
USAA policies cost $1,169, making it the second cheapest car insurance in Thousands Oaks. However, only military members are eligible to buy from USAA.
Farmers’ policies are the most expensive full coverage in Thousand Oaks and are 60.8% more costly than Esurance. A full coverage policy combines liability coverage with collision and comprehensive insurance.
Cheapest Car Insurance in Thousand Oaks
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$1,076
- 2.$1,169
- 3.$1,177
- 4.$1,198
- 5.$1,202
In accordance with MoneyGeek's methodology, we compiled the average rates for a 40-year-old driver in Thousand Oaks purchasing a full coverage policy.
A full coverage policy adds collision and comprehensive insurance to the state minimum liability coverage. Since it has complete protection, it is more expensive than minimum coverage. However, it protects drivers against huge expenses on vehicle damages.
- Collision Insurance: This covers vehicle damages that result from a collision with another vehicle or with a stationary object.
- Comprehensive Insurance: This covers any other type of vehicle damage that is not a result of a collision.
A full coverage policy is not always the best option. If you have an older car worth only a few thousand dollars, you may pay more than the car is worth if you opt for full coverage. Liability-only insurance is a great option that ensures you are protected in case of an accident.
Compare Car Insurance Rates in Thousand Oaks
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Thousand Oaks for Minimum Coverage
The state minimum coverage is the cheapest car insurance option available in Thousand Oaks. On average, the two companies with the cheapest state minimum policies are:
- GEICO: $511 per year
- Progressive: $519 per year
USAA state minimum policies are the cheapest at an average of $493 per year. However, it was excluded from our rankings because only military members and their families can buy from USAA.
Compared to the most expensive company, Farmers, GEICO is roughly $432 cheaper per year. A state minimum policy is the most affordable option, but it does not provide the same protection as a full coverage policy. If you want to save on premiums by leaving out collision and comprehensive insurance, you could increase your liability coverage. Toggle the table to see how much that would cost.
Cheapest Minimum Liability Car Insurance in Thousand Oaks
State Minimum
- CompanyState Minimumper year
- 1.$493
- 2.$511
- 3.$519
- 4.$541
- 5.$574
A state minimum coverage policy is the minimum insurance required by the state. In Thousand Oaks, the minimum requirements are the same as other cities in California.
This is the cheapest available insurance option. However, it offers the least protection. While it temporarily helps you save on monthly bills, it could also mean paying a huge amount of money out of pocket when an accident occurs.
The minimum required bodily injury coverage per person in a state minimum policy is $15,000. If you’re at fault in an accident and have to pay a total of $20,000 on medical bills for one person, this policy means you will have to pay the remaining $5,000 out of pocket.
California Minimum Liability Requirements
- ItemDescription
- 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.
Cheapest Car Insurance in Thousand Oaks if You Have Driving Violations
Drivers with violations on their record are often charged higher car insurance premiums. Fortunately, there are providers in Thousand Oaks that still offer affordable rates. On average, the companies with the cheapest car insurance policies in Thousand Oaks for drivers with specific violations are:
- Cheapest after a ticket: Esurance at $1,364 per year
- Cheapest after an at-fault accident: Esurance at $1,692 per year
- Cheapest after a DUI: Mercury at $2,115 per year
The average cost of policies from USAA for drivers with a ticket is $1,279, making it the cheapest car insurance option for drivers with a military background.
Thousand Oaks drivers who have committed driving violations can improve their records over time to get lower rates. In the interim, it makes sense to shop around for the cheapest options.
Cheapest Car Insurance in Thousand Oaks With a Violation
Speeding Ticket
Average Cost of Car Insurance in Thousand Oaks
Thousand Oaks$1,398
California$1,429
U.S.$1,424
Thousand Oaks car insurance costs $1,398 per year, which is less than the state and national averages. Temecula drivers pay about 2.2% less than the state average and 1.8% less than the national average for car insurance
Personalized Quotes to Get You the Cheapest Car Insurance in Thousand Oaks
Several factors affect the cost of car insurance in Thousand Oaks. In addition to the driver's age and gender, the vehicle's car make and model, the level of coverage and ZIP code are all taken into account. When you compare quotes from different insurers, you can get a better idea of the cost of your premiums and which companies offer the cheapest policies. You will also know what discounts and rebates you could be eligible for.
Compare Car Insurance Rates in Thousand Oaks
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Thousand Oaks
If you want a car insurance policy that balances affordability and quality service, MoneyGeek found the best car insurance providers in Thousand Oaks.
The two top-ranking companies in Thousand Oaks are:
- AAA: MoneyGeek score of 90 out of 100
- GEICO: MoneyGeek score of 90 out of 100
While USAA earned a perfect score, it isn’t included in our rankings because it is only available to military members and their families.
MoneyGeek's ranking system uses J.D Power's customer satisfaction, affordability and stability ratings.
1
USAA
Score:100
2
Auto Club of Southern California Insurance Group
Score:90
3
GEICO
Score:90
4
Wawanesa
Score:87.5
5
State Farm
Score:87.5
6
Ameriprise
Score:85
7
Hartford
Score:85
8
Progressive
Score:82.5
9
Allstate
Score:82.5
10
Safeco
Score:80
11
CSAA
Score:77.5
12
Liberty Mutual
Score:77.5
13
Farmers
Score:77.5
14
Mercury
Score:77.5
15
Nationwide
Score:75
16
Kemper
Score:70
Average Cost of Car Insurance by Postal Code
The average car insurance premiums in Thousand Oaks can vary between postal codes. This is because car insurance providers also look at the number of accidents and car thefts in your postal code.
The average cost of car insurance in Thousand Oaks for drivers in zip code 91360 is $1,330 per year. In comparison, the average cost of car insurance for drivers in zip code 91362 is $1,465 per year. That’s a difference of around $135.
- Zip CodeState Minimumper year
- 91360$1,330
- 91362$1,465
Factors That Impact Insurance Costs in Thousand Oaks
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Thousand Oaks. How Thousand Oaks 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 Thousand Oaks 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.
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