Compare 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: 11/20/2022
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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.

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The Cheapest and Best Car Insurance in Thousand Oaks

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
  • Company
    100/300/100per year
  • 1.
    Esurance
    $1,076
  • 2.
    USAA
    $1,169
  • 3.
    AAA
    $1,177
  • 4.
    Progressive
    $1,198
  • 5.
    GEICO
    $1,202
  • 6.
    Mercury
    $1,294
  • 7.
    MetLife
    $1,312
  • 8.
    State Farm
    $1,408
  • 9.
    Allstate
    $1,455
  • 10.
    Hartford
    $1,560
  • 11.
    Travelers
    $1,674
  • 12.
    Allied
    $1,689
  • 13.
    Farmers
    $1,730

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.

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Insurance Rates

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

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

  • Item
    Description
  • 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.

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Insurance Rates

The Best Car Insurance Companies in Thousand Oaks

MoneyGeek's scoring system is designed to help consumers find the best auto insurance companies in Thousand Oaks, California. It takes into consideration affordability, claims, financial stability and customer service. The top two companies are:

  • AAA: MoneyGeek score of 92 out of 100
  • Esurance: MoneyGeek score of 90.8 out of 100

Despite having a score of 91 out of 100, USAA is not considered in the rankings since the company is only accessible to military members and their families.


1
AAA
Score:100
There are no ratings for this company
Geek Quick Take
Geek Quick Take

Scoring well in claims ratings, affordability and satisfaction, AAA offers the best car insurance policies in Thousand Oaks. Its annual price for full coverage is around $1,177 annually. It offers identity theft monitoring.

More About AAA

AAA’s rental car reimbursement is an optional coverage in Thousand Oaks that can help offset the cost of renting a car or using public transportation while your vehicle is being repaired after a covered loss. The company also includes identity theft monitoring in its policies. This insurer also offers roadside assistance. This helps cover expenses associated with fuel delivery, flat tire, battery jump-start and replacement and more.

Read MoneyGeek's AAA auto Insurance Review
2
Esurance
Score:100
There are no ratings for this company
Geek Quick Take
Geek Quick Take

Esurance’s price for a full coverage policy is $1,076 per year. With great affordability, claims and satisfaction, it’s the second-best choice for drivers in Thousand Oaks. Esurance’s ShareSmart is a new type of insurance that is designed for rideshare drivers.

More About Esurance

Esurance ShareSmart coverage is available to drivers in California (including those in Thousand Oaks), Illinois and New Jersey. It ensures that there are no gaps in coverage between your personal policy and a rideshare insurance policy. You can purchase custom parts and equipment coverage as an add-on to your existing policy. This protects against damage to any after-market upgrades that were not installed by the manufacturer. Custom parts and equipment coverage typically has a limit of $4,000, so be sure to purchase enough coverage to protect all of your valuable after-market upgrades.

Read MoneyGeek's Esurance auto Insurance Review

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 Code
    State 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.

accident2 icon
Most Accidents With Fatalities253rd/300
handcuffs2 icon
Most Car Thefts94th/300
uninsured icon
Most Uninsured Motorists by State12th/50
insurance2 icon
Personal Injury Protection RequiredNo
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Most Annual Rainfall218th/300
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Most Rainy Days302nd/300

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.