Cheapest and Best Car Insurance in Thousand Oaks, CA (July 2024)


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Updated: July 16, 2024

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Selecting the cheapest and best insurance in Thousand Oaks hinges on coverage choices and personal driver details. For full coverage, National General offers the lowest rates, while GEICO offers the cheapest for minimum coverage.

State Farm is most economical for families with teens. For exceptional customer service, Chubb excels, also securing the best overall position for combining price and service. Ultimately, the best choice is tailored to individual preferences and coverage requirements.

MoneyGeek Logo IconBest & CheapestCar InsuranceThousand Oaks
2024

Cheapest and Best Car Insurance in Thousand Oaks

Why Trust MoneyGeek? We analyzed 352,910 quotes in California, including the city of Thousand Oaks, from 18 companies. We used six sources and original research to rate the cheapest companies and develop a scoring system for Thousand Oaks insurance providers based on ZIP codes in the city only. Our scores are based on affordability, customer happiness, claims experience, coverages offered and financial strength.

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These rates reflect the cheapest car insurance quotes in Thousand Oaks, CA as of July 2024.

352,910Quotes Analyzed
 
18Companies Compared

Cheapest Minimum Coverage Car Insurance in Thousand Oaks

GEICO is the cheapest option in Thousand Oaks for minimum coverage car insurance.

  • GEICO: $508 per year
  • Mercury: $528 per year

Travelers offers the most expensive minimum coverage policy with an annual premium of $821, indicating a $313 difference when compared with GEICO's policy. This emphasizes the value of shopping around for car insurance.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
GEICOAnnual Premium$508Monthly Premium$42
MercuryAnnual Premium$528Monthly Premium$44
ProgressiveAnnual Premium$562Monthly Premium$47
AAAAnnual Premium$597Monthly Premium$50
National GeneralAnnual Premium$643Monthly Premium$54
State FarmAnnual Premium$663Monthly Premium$55
Capital Insurance GroupAnnual Premium$686Monthly Premium$57
KemperAnnual Premium$695Monthly Premium$58

State Minimum Liability Requirements

Across all cities in California, including Thousand Oaks, the minimum car insurance coverage requirements are set by state law:

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

If you're at fault in an accident, your minimum coverage policy would cover up to $15,000 for injuries to one person, maxing out at $30,000 for all injured parties. If the injured person's medical expenses exceed $15,000, or if all injuries surpass $30,000, you would be responsible for paying the difference out of pocket.

Cheapest Full Coverage Car Insurance in Thousand Oaks

National General is the premier choice for the most affordable cheapest full coverage car insurance in Thousand Oaks. The top picks are:

  • National General: $1,178 per year
  • Progressive: $1,283 per year

Farmers presents the most expensive full coverage policy in the area, with an annual premium that's $1,126 more than National General's offering. This contrast underscores the perks of comparing rates to secure a deal that balances comprehensive protection with affordable pricing, particularly because full coverage policies encompass a broader spectrum of protection than minimal coverage options, hence the higher costs.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
National GeneralAnnual Premium$1,178Monthly Premium$98
ProgressiveAnnual Premium$1,283Monthly Premium$107
GEICOAnnual Premium$1,292Monthly Premium$108
AAAAnnual Premium$1,293Monthly Premium$108
MercuryAnnual Premium$1,306Monthly Premium$109
AllstateAnnual Premium$1,416Monthly Premium$118
Capital Insurance GroupAnnual Premium$1,566Monthly Premium$131
HartfordAnnual Premium$1,606Monthly Premium$134

Do You Need Full Coverage in California?

A full coverage policy in Thousand Oaks 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 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.

Cheapest Car Insurance in Thousand Oaks After a Driving Offense

For drivers with a poor driving record in Thousand Oaks requiring full coverage, the most affordable options vary by the type of offense. Here are the cheapest providers for each individual incident:

  • 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 most expensive rates for these incidents are from companies such as Hartford, with a notable price increase for drivers with a DUI. The severity of the offenses can also sometimes greatly influence car insurance rates.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
National GeneralAnnual Premium$1,237Monthly Premium$103
AAAAnnual Premium$1,673Monthly Premium$139
MercuryAnnual Premium$1,724Monthly Premium$144
Capital Insurance GroupAnnual Premium$1,801Monthly Premium$150
GEICOAnnual Premium$1,925Monthly Premium$160
AllstateAnnual Premium$2,060Monthly Premium$172
KemperAnnual Premium$2,255Monthly Premium$188
State NationalAnnual Premium$2,291Monthly Premium$191

In Thousand Oaks and other locales, insurance premiums increase with the gravity of a driving infraction because insurers view such offenses as indicators of higher risk. For instance, drivers with a speeding ticket might pay an average of $2,256 annually, while those with a DUI could face about $3,775, a significant surge.

This disparity underscores the necessity for drivers with offenses to diligently compare rates, ensuring they secure the best possible deal and alleviate some of the financial burden associated with their driving history.

Cheapest Car Insurance in Thousand Oaks for Teens and Their Families

State Farm offers the cheapest full coverage car insurance for male and female teens in Thousand Oaks.

  • State Farm: $3,024 per year for female and male teens
  • GEICO: $3,323 per year for female teens and $3,503 per year for male teens

The rates indicate combined coverage for two parents and a teen driver, reflecting the importance of economical decisions in family insurance policies. Nationwide offers the most expensive teen family policy in the city, with an annual cost difference of $2,178 between it and State Farm for female teen policies. This considerable gap highlights the importance of actively comparing options for families adding a higher risk teen driver to their policy.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
State FarmFamily Plan Annual Premium$3,024Individual Plan Monthly Premium$3,348
GEICOFamily Plan Annual Premium$3,323Individual Plan Monthly Premium$3,752
FarmersFamily Plan Annual Premium$3,386Individual Plan Monthly Premium$4,992
AllstateFamily Plan Annual Premium$3,588Individual Plan Monthly Premium$3,865
Capital Insurance GroupFamily Plan Annual Premium$3,724Individual Plan Monthly Premium$3,636
TravelersFamily Plan Annual Premium$3,880Individual Plan Monthly Premium$3,508
ProgressiveFamily Plan Annual Premium$4,005Individual Plan Monthly Premium$4,401
KemperFamily Plan Annual Premium$5,186Individual Plan Monthly Premium$6,923

In Thousand Oaks, teens seeking car insurance could face significantly higher rates when purchasing an individual policy, averaging at $4,719, compared to being added to a family policy, which averages at $3,944 annually.

The difference stems from the greater risks insurers associate with individual teen drivers, including inexperience and a higher likelihood of filing claims. Consequently, it's often challenging for teens to secure individual policies due to these perceived risks, making a joint family plan a more viable and cost-effective alternative for young drivers.

Cheapest Car Insurance in Thousand Oaks for Military Drivers

National General offers the most affordable option in Thousand Oaks for those seeking the cheapest car insurance for military backgrounds.

  • National General: $1,178 per year
  • Progressive: $1,283 per year

Although USAA ranks as the fifth-cheapest option with an annual premium of $1,310, USAA specializes in serving active duty military members, honing its services to fit their unique needs.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
National GeneralAnnual Premium$1,178Monthly Premium$98
ProgressiveAnnual Premium$1,283Monthly Premium$107
GEICOAnnual Premium$1,292Monthly Premium$108
AAAAnnual Premium$1,293Monthly Premium$108
MercuryAnnual Premium$1,306Monthly Premium$109
USAAAnnual Premium$1,310Monthly Premium$109
AllstateAnnual Premium$1,416Monthly Premium$118
Capital Insurance GroupAnnual Premium$1,566Monthly Premium$131

How to Compare Cheap Thousand Oaks Car Insurance Quotes Online

Finding the most affordable car insurance rates in Thousand Oaks demands thorough comparison, often taking upwards of 15 minutes per provider. With at least three companies to assess, individuals might invest over an hour into research. However, MoneyGeek's car insurance calculator streamlines this process significantly. By inputting a few critical details such as age, driving history, credit score, and desired coverage level, users can quickly receive tailored rate estimates, making it an efficient tool to pinpoint cost-effective insurance options.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jul 19, 2024

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Best Car Insurance in Thousand Oaks: Overview

Selecting the best auto insurance in Thousand Oaks means weighing your priorities — whether it's service, cost, coverage or other factors. MoneyGeek's research, which uses distinct scoring criteria for separate categories, highlights the city's top insurers for different needs:

  • Best Overall: Chubb (MoneyGeek score 84 out of 100)
  • Best for Service: Chubb (MoneyGeek score 94 out of 100)
  • Best Cheap: Mercury (MoneyGeek score 80 out of 100)

Chubb emerges as the best in Thousand Oaks for overall value and service, providing an excellent balance of customer satisfaction, claims handling and stability. Mercury offers a budget-friendly option without greatly compromising on the service experience.

Overall Best Car Insurance in Thousand Oaks

Chubb is the best option in Thousand Oaks for drivers seeking best car insurance. The two top providers stand out:

  • Chubb: MoneyGeek score of 84 out of 100 ($1,848 per year)
  • Capital Insurance Group: MoneyGeek score of 82 out of 100 ($1,566 per year)

Chubb stands out with its higher MoneyGeek score indicating exceptional service and offerings. The score takes into account aspects such as customer satisfaction and the quality of the claims process.

Company logo for Chubb
Best OverallChubb
MoneyGeek Score:
84/ of 100

Overview

Chubb's earned high claims handling and customer satisfaction ratings. Both Rental Car and/or Travel Reimbursement and Roadside Assistance are included, affirming the availability of two crucial car insurance features.

Chubb also offers Original Equipment Manufacturer (OEM) Coverage, a reasonably common coverage that ensures repairs with original manufacturer parts, a significant benefit for those keen on maintaining vehicle authenticity and performance. Diminished Value Coverage offers compensation for value lost due to accidents.

Best Car Insurance in Thousand Oaks for Customer Service

Chubb is the best option in Thousand Oaks when it comes to car insurance for customer service, without considering rates. Chubb delivers exceptional service, with a focus on general satisfaction, deft claims handling, and comprehensive coverages.

  • Chubb: MoneyGeek score of 94 out of 100 ($1,848 per year)
  • Capital Insurance Group: MoneyGeek score of 82 out of 100 ($1,566 per year)

Chubb stands out due to its outstanding claims handling and wide range of coverages. These factors are significant contributors to the overall satisfaction of their clients, making Chubb a leading choice for car insurance in Thousand Oaks.

Company logo for Chubb
Best for Customer ServiceChubb
MoneyGeek Score:
94/ of 100

Overview

Chubb demonstrates a commitment to customer experience and reliable claims management. The company offers Rental Car and/or Travel Reimbursement and Roadside Assistance. Chubb also stands out with its select range of valuable insurance additions tailored to specific needs.

Its Antique/Classic Car Insurance is especially beneficial for collectors seeking tailored protection for unique vehicles. Customers can rest easy with OEM Coverage, ensuring that in the event of repairs, their vehicles are fitted with factory-original parts. Moreover, Diminished Value Coverage provides assurance that clients can recoup the loss in value after an accident.

Best Cheap Car Insurance in Thousand Oaks

Mercury is the best option in Thousand Oaks for if you’re seeking cost-effective car insurance without compromising on quality. The MoneyGeek score takes into account factors like affordability, satisfaction and claims handling, ensuring you're getting great value for your coverage.

  • Mercury: MoneyGeek score of 80 out of 100 ($528 per year)
  • GEICO: MoneyGeek score of 75 out of 100 ($508 per year)

Mercury garners the top place with its combination of a high satisfaction score and solid claims handling, accentuating its quality service alongside affordability. This ranking is for a minimum coverage policy, making it a standout choice for drivers prioritizing both cost and reliability.

Company logo for Mercury
Best Cheap CompanyMercury
MoneyGeek Score:
80/ of 100

Overview

Mercury earned high affordability and satisfaction scores. With an average annual premium of $528, drivers enjoy the benefit of paying a low yearly rate for minimum coverage. Mercury’s range of reasonably rare discounts, such as the Anti-theft system and Automatic payment discounts, reinforces its financial appeal for savvy drivers.

Mercury offers Bundling, Good Student, Multiple Car and Safe Driving discounts. Additionally, drivers can also take advantage of Mercury's Automatic payment discount that promotes timely payments and potentially saves them even more. Its Paperless discount further emphasizes the convenience of modern, eco-friendly practices offering savings while reducing paperwork.

Average Cost of Car Insurance in Thousand Oaks

The average cost of car insurance in Thousand Oaks, California, is $1,556 annually. When comparing this to the average cost of car insurance in California, which is $1,562, Thousand Oaks residents pay slightly less. Both figures are lower than the national average, which stands at $1,781, showcasing a difference of $219 less in the state of California compared to the country as a whole.

Car insurance premiums are influenced by a multitude of factors, and location plays a crucial role due to its direct impact on aspects such as accident rates and theft statistics. For instance, urban areas with higher vehicular traffic tend to have higher insurance rates. The city with the most expensive insurance premium is Glendale, at $2,115, while Santa Maria boasts the cheapest at just $1,106. This significant contrast of $1,009 highlights the impact location has on car insurance costs. In less densely populated non-city areas, the rates may be even more affordable.

AnaheimAnnual Premium$1,632
AntiochAnnual Premium$1,573
ArdenAnnual Premium$1,592
BakersfieldAnnual Premium$1,394
BerkeleyAnnual Premium$1,489
BurbankAnnual Premium$1,968
CarlsbadAnnual Premium$1,364
Chula VistaAnnual Premium$1,331
ClovisAnnual Premium$1,395
ConcordAnnual Premium$1,473
CoronaAnnual Premium$1,525
Costa MesaAnnual Premium$1,501
Daly CityAnnual Premium$1,712
DowneyAnnual Premium$1,749
East Los AngelesAnnual Premium$1,800
El CajonAnnual Premium$1,438
El MonteAnnual Premium$1,784
Elk GroveAnnual Premium$1,535
EscondidoAnnual Premium$1,382
FairfieldAnnual Premium$1,392
FontanaAnnual Premium$1,565
FremontAnnual Premium$1,446
FresnoAnnual Premium$1,442
FullertonAnnual Premium$1,661
Garden GroveAnnual Premium$1,679
GlendaleAnnual Premium$2,433
HaywardAnnual Premium$1,549
Huntington BeachAnnual Premium$1,523
InglewoodAnnual Premium$1,963
IrvineAnnual Premium$1,585
Jurupa ValleyAnnual Premium$1,507
LancasterAnnual Premium$1,670
Long BeachAnnual Premium$1,685
Los AngelesAnnual Premium$2,138
ModestoAnnual Premium$1,577
Moreno ValleyAnnual Premium$1,546
MurrietaAnnual Premium$1,415
NorwalkAnnual Premium$1,661
OaklandAnnual Premium$1,657
OceansideAnnual Premium$1,396
OntarioAnnual Premium$1,565
OrangeAnnual Premium$1,462
OxnardAnnual Premium$1,436
PalmdaleAnnual Premium$1,722
PasadenaAnnual Premium$1,798
PomonaAnnual Premium$1,630
Rancho CucamongaAnnual Premium$1,503
RialtoAnnual Premium$1,577
RichmondAnnual Premium$1,562
RiversideAnnual Premium$1,543
RosevilleAnnual Premium$1,458
SacramentoAnnual Premium$1,494
SalinasAnnual Premium$1,346
San BernardinoAnnual Premium$1,567
San DiegoAnnual Premium$1,349
San FranciscoAnnual Premium$1,670
San JoseAnnual Premium$1,429
San MateoAnnual Premium$1,385
Santa AnaAnnual Premium$1,577
Santa ClaraAnnual Premium$1,420
Santa ClaritaAnnual Premium$1,634
Santa MariaAnnual Premium$1,251
Santa RosaAnnual Premium$1,479
Simi ValleyAnnual Premium$1,528
StocktonAnnual Premium$1,594
SunnyvaleAnnual Premium$1,413
TemeculaAnnual Premium$1,432
Thousand OaksAnnual Premium$1,589
TorranceAnnual Premium$1,518
VallejoAnnual Premium$1,547
VenturaAnnual Premium$1,341
VictorvilleAnnual Premium$1,598
VisaliaAnnual Premium$1,333
VistaAnnual Premium$1,355
West CovinaAnnual Premium$1,667

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.