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

In Torrance, California, Progressive offers the lowest rates for full coverage car insurance, while GEICO is the least expensive option for minimum coverage. State Farm is the most affordable for families with teen drivers. Chubb has the best customer service. Overall, Capital Insurance Group provides the best value, balancing cost and service. The right insurer for you aligns with your coverage needs and preferences.

MoneyGeek found that GEICO has the cheapest car insurance with minimum coverage in Torrance:

• GEICO: $479 per year
• Progressive: $484 per year

Chubb offers the most expensive minimum coverage policy at $841 annually, with a difference of $362 versus GEICO. Compare rates to get the lowest rates and save money.

California state law sets minimum coverage car insurance with these limits:

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

For instance, if you carry minimum coverage and are at fault for an accident, your policy would cover up to $15,000 for a person's injuries and up to $30,000 for injuries in total per accident. Should the actual damage exceed these limits, you have to pay the difference out of pocket.

MoneyGeek found that Progressive offers the cheapest full coverage car insurance in Torrance. Here are the two most cost-effective providers:

• Progressive: $1,092 per year
• National General: $1,128 per year

Farmers has the highest rates for a full coverage policy in the city at $2,136 annually. The $1,044 gap from the lowest-priced option underscores the need to compare policies. Full coverage provides more extensive protection with collision and comprehensive insurance, which is why it costs more than minimum coverage.

A full coverage plan in Torrance covers up to $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage per accident. This is known as a 100/300/100 plan.

With a full coverage policy, you get both comprehensive and collision protection:

• Collision insurance covers damage to your vehicle caused by crashing with another vehicle or object, such as a tree or light pole, rollover accidents or pothole damage.
• Comprehensive insurance covers damage to your vehicle caused by non-collision incidents, such as theft, natural disasters, vandalism, fires and being hit by an animal like a deer.

If you've invested in a new vehicle, getting full coverage is a must to protect your asset. You also need to carry this coverage type if you're leasing or loaning a car.

However, for older vehicles, the additional costs of getting full coverage may not be worth it. When deciding how much car insurance you need, consider the higher cost of more comprehensive coverage and the risk of insufficient coverage.

MoneyGeek found that National General offers the most affordable full coverage rates in Torrance for drivers with a poor record, regardless of the offense. Here are the lowest rates per traffic violation:

• Speeding Ticket: National General ($1,183 per year)
• At-Fault Accident: National General ($1,670 per year)
• DUI: National General ($1,183 per year)

Hartford charges the highest rates for these offenses, with an annual premium of $5,550 after a DUI. In Torrance, the rates between the cheapest companies after a speeding ticket and after a DUI can either vary or be the same. Shop around for better rates, especially following serious offenses like DUI.

In Torrance, insurance rates increase with the severity of driving violations due to the increased risk perceived by insurers. Drivers with a speeding ticket pay an average annual rate of about $2,150, while those with a DUI pay nearly $3,600. Drivers with such offenses should meticulously compare insurance rates to maximize savings.

MoneyGeek found that State Farm offers the most affordable cheapest car insurance for teens in Torrance. These lowest rates are for a family policy covering two parents and a teenager:

• State Farm: $2,984 per year for female and male teens
• GEICO: $3,151 per year for female teens and $3,322 per year for male teens

Nationwide has the most expensive family plan, with an annual premium of $5,066 for both male and female teens. The $2,082 difference between State Farm and Nationwide shows the value of comparing insurance rates for teen drivers.

Teens shopping for car insurance in Torrance can face steep costs. On average, an individual teen policy runs about $4,441 annually, whereas adding a teen to a family plan averages around $3,722 — a substantial difference of $719. Insurers charge higher for individual policies due to the increased risk associated with inexperienced drivers. The lack of a driving record can make it challenging for teens to get approved for an individual policy. This is why a joint family insurance plan is a more viable and cost-effective option.

MoneyGeek found that Progressive offers the cheapest full coverage car insurance for military members in Torrance. For budget-friendly options, consider the following:

• Progressive: $1,092 per year
• National General: $1,128 per year

While not the least expensive, USAA ranks sixth with a $1,281 annual premium, offering tailored services to active-duty military members.

Searching for affordable car insurance in Torrance can save you a lot of money. Comparing rates from different companies, though, can be tedious. Each inquiry often takes at least 15 minutes. If you check out three providers, you might spend over an hour researching.

MoneyGeek's car insurance calculator makes it faster to discover potential savings. Just enter details like your age, driving history, credit score and coverage preferences to get a personalized rate estimate.

The right auto insurance depends on the factors you value, like service, cost and coverage. MoneyGeek identified Torrance's leading insurers based on different preferences:

• Best overall: Capital Insurance Group (Score: 82/100)
• Best for service: Chubb (Score: 94/100)
• Best cheap: Mercury (Score: 81/100)

Capital Insurance Group is the best overall choice for balancing quality service and reasonable pricing. Mercury offers a cost-effective option without compromising service, and Chubb has the best customer service. These top picks ensure finding a suitable insurance provider in Torrance, regardless of needs or budget.

MoneyGeek found that Capital Insurance Group offers the best car insurance in Torrance, providing comprehensive coverage and a high level of satisfaction. Consider these top providers:

• Capital Insurance Group: MoneyGeek score of 82 out of 100 ($1,437 per year)
• Chubb: MoneyGeek score of 80 out of 100 ($1,936 per year)

Capital Insurance Group excels in customer satisfaction and affordability. Its score for a full coverage policy is one of the most competitive in Torrance.

MoneyGeek found that Chubb offers the best customer service for car insurance in Torrance, ideal for those prioritizing service quality over rates.

• Chubb: MoneyGeek score of 94 out of 100 ($1,936 per year)
• Capital Insurance Group: MoneyGeek score of 82 out of 100 ($1,437 per year)

Chubb's high satisfaction and claims handling ratings contribute greatly to its MoneyGeek score. Known for exceptional customer service and reliable coverage options, it sets the standard for car insurance in Torrance.

MoneyGeek found that Mercury is the best option in Torrance for affordable car insurance that doesn't compromise quality. It also excels in claims handling and customer satisfaction.

• Mercury: MoneyGeek score of 81 out of 100 ($497 per year)
• Capital Insurance Group: MoneyGeek score of 78 out of 100 ($617 per year)

Mercury's high MoneyGeek score is due to its affordability and efficient claims processing, making it the top choice for drivers seeking inexpensive minimum coverage policies with reliable service.

The average annual car insurance cost in Torrance is close to the state average of $1,562. Compared to the national average of $1,781, drivers in California save $219 annually.

Location drives insurance rates due to factors like crime rates, traffic and accident risks. For instance, Glendale has the highest premiums in California at $2,115 annually, significantly higher than the state average. Santa Maria has the lowest premium at $1,106, showing big price gaps within the state. Less populated areas typically have lower rates due to reduced traffic and associated risks.