The most affordable insurer for you will depend on your profile and needs. GEICO is the cheapest option in Los Angeles for minimum coverage and young adults. Progressive is the cheapest for drivers with sports cars. State Farm is the least expensive for teens and seniors, while Capital Insurance Group is the cheapest option for those with traffic offenses.
MoneyGeek also ranked the best car insurance companies in Los Angeles to help you find a balance of affordability and great service.
Cheapest Car Insurance in Los Angeles, CA
Cheapest Minimum Coverage Car Insurance in Los Angeles
The cheapest companies in Los Angeles for minimum coverage car insurance are:
- GEICO: $582 per year
- Progressive: $661 per year
National General is the most expensive provider for minimum coverage at $1,231 per year.
CSAA offers the cheapest car insurance in California at $125 per year for minimum coverage. However, Los Angeles rates are higher than the average rates in the state, so GEICO is the cheapest in the city. Location tends to impact rates, so a company’s rates can vary depending on where you live.
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In Los Angeles, minimum coverage policies only cover bodily injury liability and property damage liability. California law requires the following minimum limits:
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $5,000 property damage liability per accident
With a minimum coverage policy in Los Angeles, your insurer will only pay up to $15,000 for bodily injuries per person and no more than $30,000 per accident. This means you must pay for any additional costs out of pocket. The insurer will only cover property damage up to $5,000.
Cheapest Full Coverage Car Insurance in Los Angeles
The cheapest car insurance companies in Los Angeles for full coverage are:
- Progressive: $1,515 per year
- AAA California: $1,550 per year
Farmers is the most expensive provider for full coverage at $2,351 per year. CSAA offers the cheapest full coverage car insurance in California at $369 per year. However, Progressive is the cheapest in the city, illustrating how insurance costs can vary depending on location.
A full coverage policy includes comprehensive and collision insurance.
- Collision insurance: Covers damages to your vehicle caused by on-road incidents like a collision with another car.
- Comprehensive insurance: Covers damages to your vehicle caused by off-road incidents like theft or weather-related events.
A full coverage policy may not be cost-effective if you have an older car since the policy can cost more than the car’s value.
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Cheaper insurers could pocket you hundreds of dollars per year.
Cheapest Car Insurance in Los Angeles After a Driving Offense
The cheapest car insurance companies in Los Angeles after a driving violation are:
- Speeding ticket: Capital Insurance Group ($1,936 per year)
- At-fault accident: Capital Insurance Group ($1,979 per year)
- DUI: National General ($2,017 per year)
The most expensive companies are Nationwide after a speeding ticket at $3,557 per year, Kemper after an at-fault accident at $4,868 per year and Hartford at $7,784 per year after a DUI.
A bad driving record impacts car insurance rates significantly, so even the lowest rates will be much higher than rates if you have a clean record.
In most cases, car insurance rates increase based on the severity of the offense. For instance, Los Angeles drivers with a speeding ticket pay $787 more for car insurance after a speeding ticket compared to $2,698 more after a DUI.
You can get the cheapest car insurance for a bad driving record by comparing quotes from different providers.
Cheapest Car Insurance in Los Angeles for Teens and Their Families
The cheapest car insurance companies in Los Angeles for teens on a family policy are:
- State Farm: $3,614 per year for male and female teens
- GEICO: $3,616 per year for female teens; $3,779 per year for male teens
Kemper is the most expensive company for teens on a family policy at $7,710 per year for both male and female teens.
Some providers have higher rates for male teens than female teens since male teens are considered riskier to insure. This rate difference only lasts until early adulthood.
A family policy is the most affordable option if you want the cheapest car insurance for teens. Adding a 16-year-old male teen driver to a family policy in Los Angeles costs $3,825 per year, while purchasing a separate policy costs $4,498.
Cheapest Car Insurance in Los Angeles for Military Drivers
The following companies offer the cheapest full coverage car insurance policies to Los Angeles drivers with a military background:
- USAA: $1,140 per year
- Progressive: $1,515 per year
How to Compare Cheap Los Angeles Car Insurance Quotes Online
You can get a car insurance quote online in Los Angeles, but you will need to provide a lot of personal information, and the process can take 15 minutes or more.
MoneyGeek’s car insurance calculator gives you a quick rate estimate based on your age, driving background, vehicle type and coverage level.
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Cheapest Car Insurance in Los Angeles for Young Adults
The following companies offer the cheapest car insurance for young adults in Los Angeles:
- GEICO: $1,801 per year
- Progressive: $1,835 per year
Chubb is the most expensive provider for young adults at $3,355 per year
On average, car insurance for young adults in Los Angeles costs $2,376 per year, $499 more than the average rate for 40-year-old drivers. Young adults pay more because they are more likely to engage in risky driving habits than older adults.
Cheapest Car Insurance in Los Angeles for Seniors
The following companies offer the cheapest car insurance for senior drivers looking for full coverage in Los Angeles:
- State Farm: $1,388 per year
- GEICO: $1,506 per year
Kemper is the most expensive provider for senior drivers at $2,716 per year.
The average cost of car insurance for 65-year-old drivers in Los Angeles is $1,827 per year, $50 cheaper than the average rate for 40-year-old drivers. Older drivers have more experience and are less likely to engage in risky driving habits. However, after the age of 65, rates for seniors typically increase.
Cheapest Car Insurance in Los Angeles for Sports Cars
The following companies offer the cheapest car insurance for drivers with sports cars who want a full coverage policy:
- Progressive: $1,765 per year
- Capital Insurance Group: $1,862 per year
Chubb is the most expensive company for drivers with sports cars at $2,662 per year. Car insurance for a sports car in Los Angeles costs an average of $2,184 per year, $307 or 16% more than the average cost of insuring a Toyota Camry.
For this study, MoneyGeek used a Ford Mustang as the sample sports car model, but rates may vary based on the car model.
Sports, electric and luxury cars are the most expensive to insure since the cost of repairs for such vehicles is usually much higher than typical cars.
Average Cost of Car Insurance in Los Angeles
The average cost of car insurance in Los Angeles is $1,877 per year for a full coverage policy with $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 in property damage liability.
Los Angeles drivers pay $490 more for car insurance than the average cost of car insurance in California. Rates in Los Angeles are also up to $612 higher than the average national cost of car insurance.
Compared to other cities in California like San Diego, Fresno and Berkeley, car insurance in Los Angeles is much more expensive.
About Mark Fitzpatrick