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MoneyGeek’s car insurance calculator can help calculate how much car insurance you need in California. You can use it to get a quick estimate.
There are various factors affecting auto insurance costs. MoneyGeek analyzed how insurance companies calculate insurance premiums in California and determined which factors have the biggest impact on your car insurance rates.
California Car Insurance Calculator: How it Gets You an Instant, Free Estimate
Individuals need to provide a variety of personal information to get an accurate car insurance quote. This process usually takes 10 to 15 minutes.
Moneygeek’s California car insurance calculator gives an estimate of how much your car insurance may cost per year or per month based on your age, driving record, vehicle type and coverage levels.
Certain factors have more impact on car insurance costs, but the biggest factors in California are whether you add a teen driver to your policy, your own driving record and the amount of coverage you buy.
The cheapest car insurance company in California for you will depend on several factors, but you can get a close estimate using MoneyGeek’s calculator. For our default driver, the cheapest widely available company is Progressive. It has an average annual rate of $596.
While price is an important consideration, consider customer service and availability of the coverages you need as well.
Use MoneyGeek’s calculator to get an estimate of your insurance costs or browse our collection of sample drivers in the cheapest car insurance in California.
Check out the average cost of car insurance in California to get a better idea of how insurance costs in your state compare to others.
If you want to find an insurance provider that balances affordability and service quality, MoneyGeek ranked the best car insurance companies in California.
How Car Insurance Premiums are Calculated in California
Car insurance companies calculate insurance premiums in California using a variety of factors. These include age, gender, driving record, coverage levels, driver profile and car make and model.
Based on MoneyGeek’s analysis, the most important factors to consider when calculating how much car insurance you need in California are adding a teen driver, your driving record and how much coverage you buy.
Adding a teen driver to your policy can multiply the cost of your car insurance in California by as much as 3.3x.
How Much Adding a Teen Driver Matters in Calculating Car Insurance in California
Insurance providers tend to charge more to customers who add a teen driver to their policies. This is because companies consider it riskier to insure teens because they are young and inexperienced. Thus, they are more likely to get into an accident.
In California, adding a teen driver to your policy can increase your rates by as much as 3.3x.
How Much Driving Record Matters in Calculating Car Insurance in California
Having tickets on your record or getting involved in an accident or DUI lead to more expensive car insurance premiums. This is because insurance providers see individuals with bad driving records as high-risk drivers. Clean records have the lowest rates.
Your car insurance cost can be 2.9x more if you have a bad driving record.
How Much Coverage Levels Matters in Calculating Car Insurance in California
How much coverage you buy will also affect the cost of your car insurance. Getting more coverage gives you additional protection but means higher premiums.
For example, in California, the cheapest variable is state minimum liability-only and the most expensive is full coverage with a $500 deductible and 100/300/100 liability. A full coverage policy costs 2.7x more than the state minimum.
How Much Age of Driver Matters in Calculating Car Insurance in California
Your age is also one of the most important considerations when calculating how much car insurance costs in California. Typically, insurers charge more for young drivers. Seniors also pay more than the average adult. Depending on how old you are, your insurance rates can multiply up to 2.1x.
In California, the cheapest car insurance is for a 40-year-old driver. Meanwhile, a 19 to 20-year-old driver has the most expensive car insurance in the state.
How Much Car Model Matters in Calculating Car Insurance in California
The vehicle you are driving will also have an impact on the cost of your car insurance in California. Some models are deemed riskier to insure. Drivers who have high-value vehicles with expensive parts and repair costs could pay higher insurance premiums.
A luxury sports car is the most expensive car to insure. On the other hand, compact SUVs tend to have the cheapest auto insurance costs. Those with car types that are expensive to insure can pay as much as 2x more for insurance.
How to Calculate How Much Car Insurance You Need in California
The amount of insurance you buy is one of the factors that have the biggest impact on auto insurance rates. Calculating how much car insurance you need in California will help you find a policy that best balances cost and protection.
California requires certain levels of bodily injury liability insurance and property damage liability insurance, but you should consider getting additional liability insurance and comprehensive and collision insurance depending on your situation.
Understand California car insurance requirements
Understanding California’s minimum car insurance requirements will help you figure out how much car insurance you need. However, the state minimum coverage limits will only protect you for $15,000 bodily injury liability per person and a total of $30,000 bodily injury liability per accident plus $5,000 for property damage. If you want more protection, it is best to increase liability limits. California also does not require comprehensive and collision insurance, which covers damages to your car.
Consider Purchasing Additional Liability Insurance
The state minimums provide basic protection against possible expenses due to an accident. However, you may need higher liability insurance to protect yourself against the costs of a major accident. The average cost of minimum liability insurance in California is $570. Increasing your bodily injury liability coverage to $300,000 will raise the average premium to $937.
Decide whether or not to buy comprehensive and collision insurance
You should decide whether you need a full coverage policy, which includes comprehensive and collision insurance. While these are not required by California law, lenders may require them for individuals leasing or financing the purchase of their cars.
Adding comprehensive and collision coverage with a $1,000 deductible costs an average of $476 per year in California. So, it may be best to drop them if you are paying hundreds of dollars per year to insure a car only worth a few thousand dollars.
Consider buying additional protection besides these core coverages
California drivers who want to have additional protection can buy optional coverages. For instance, around 16.6% of drivers in California are uninsured. Getting uninsured/underinsured motorist coverage can help you in the event of an accident caused by a driver who does not have insurance. You can also get medical payments coverage to protect yourself against the cost of medical expenses in a crash.
Frequently Asked Questions About How Car Insurance is Calculated in California
MoneyGeek answers some of the frequently asked questions to help you better understand how to calculate insurance premiums in California.
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across California. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick