Best Life Insurance in California (May 2024)


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Updated: July 12, 2024

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The best life insurance company for women in California is Protective, with a MoneyGeek score of 95 and an average monthly premium of $18. Men in California fare best with GEICO, with average premiums around $21 per month and a MoneyGeek score of 96.

The best company for you may vary according to the policy type you choose, your age and your lifestyle.

Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in California.

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Coverage costs and company information for life insurance providers were updated in May 2024.

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes

Best Life Insurance in California: Summary

Data filtered by:Results filtered by:
Category:
Category:Best Life Insurance Overall
Gender:
Gender:M
GEICORank1MoneyGeek Score96
NationwideRank2MoneyGeek Score95
ProtectiveRank3MoneyGeek Score95
AllstateRank4MoneyGeek Score94
Mutual of OmahaRank5MoneyGeek Score94

Overall Best Life Insurance in California

How was this MoneyGeek score calculated?

GEICO is the best life insurance provider in California for men, with a MoneyGeek score of 96 and a monthly premium of $21. Protective takes the lead for women with a MoneyGeek score of 95 and a monthly premium of $18. Affordability was the determining factor in selecting company winners for each gender.

  • GEICO: MoneyGeek score of 96 out of 100 ($21 per month for men; $21 per month for women)
  • Protective: MoneyGeek score of 95 out of 100 ($21 per month for men; $18 per month for women)
  • Nationwide: MoneyGeek score of 95 out of 100 ($25 per month for men; $24 per month for women)

These top-tier companies offer the best mix of life insurance coverage options, affordability and customer satisfaction.

Overall Best for Men: GEICO

COMPANY HIGHLIGHTS

GEICO wins as the best life insurance provider for men in California. It scored the highest in MoneyGeek's ranking with a 96, and its average monthly premium for men is $21. The company's stellar performance ensures men receive excellent coverage without breaking the bank.

Pros:

  • High customer satisfaction
  • Affordable
  • Excellent financial stability

Cons:

  • Limited product diversity

Overall Best for Women: Protective

COMPANY HIGHLIGHTS

With a MoneyGeek score of 95, Protective is our pick for the best life insurance company for women in California. With an average monthly premium of $18, Protective provides security and value.

Pros:

  • High customer satisfaction
  • Affordable
  • Robust financial stability

Best Term Life Insurance in California

How was this MoneyGeek score calculated?

Nationwide offers California's best term life insurance for both men and women, with a MoneyGeek score of 97. Its average monthly premiums are approximately $19 for men and $18 for women. Nationwide provides a blend of satisfaction, affordability and stability for individuals seeking the best term life insurance options.

The companies with the three highest MoneyGeek scores:

  • Nationwide: MoneyGeek score of 97 out of 100 ($19 per month for men; $18 per month for women)
  • GEICO: MoneyGeek score of 97 out of 100 ($16 per month for men; $16 per month for women)
  • Protective: MoneyGeek score of 95 out of 100 ($16 per month for men; $15 per month for women)

Best Term Life: Nationwide

COMPANY HIGHLIGHTS

Nationwide is the best choice for term life insurance in California. With a MoneyGeek score of 97 and a monthly premium of $19, Nationwide stands out for its commitment to quality coverage and customer satisfaction.

Pros:

  • High customer satisfaction
  • Affordable insurance
  • Product variety

Best Whole Life Insurance in California

How was this MoneyGeek score calculated?

State Farm stands out as the best whole life insurance provider in California for both men and women, with an exceptional MoneyGeek score of 99. Nationwide and Mutual of Omaha follow close behind:

  • State Farm: MoneyGeek score of 99 out of 100
  • Nationwide: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 96 out of 100

Best Whole Life: State Farm

COMPANY HIGHLIGHTS

State Farm tops the list with a MoneyGeek score of 99. With a stellar reputation for offering whole life insurance in California, it's a trustworthy option for men and women seeking long-term coverage.

Pros:

  • Exemplary customer satisfaction
  • Wide range of product offerings
  • Efficient buying process

Compare Life Insurance Rates

Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.

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Insurance Rates

Best Universal Life Insurance in California

How was this MoneyGeek score calculated?

Nationwide stands out as California's best universal life insurance provider, with a MoneyGeek score of 99 for both men and women. Nationwide's consistency in high scores across the board offers Californians reliable and top-notch coverage options.

Here are the three highest-scoring companies in California:

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

Best Universal Life: Nationwide

COMPANY HIGHLIGHTS

Nationwide is the premier choice for those seeking universal life insurance in California, with the highest MoneyGeek score of 99.

Pros:

  • Exemplary customer satisfaction
  • Range of insurance products

Best No-Medical-Exam Life Insurance in California

How was this MoneyGeek score calculated?

Nationwide is MoneyGeek's pick for the best no-medical-exam life insurance in California for both men and women. With a MoneyGeek score of 99, Nationwide sets the industry benchmark for quality in offering policies for a broad spectrum of clients.

Other top insurance providers without mandatory medical exams in California include:

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 99 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

Best No-Medical-Exam: Nationwide

COMPANY HIGHLIGHTS

Nationwide provides California's best life insurance without a mandatory medical exam, receiving a MoneyGeek score of 99.

Pros:

  • High customer satisfaction
  • Broad range of insurance products

How Much Life Insurance Do You Need?

Answer three simple questions to get your recommended coverage amount.

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Best Term Life Insurance for Seniors in California

How was this MoneyGeek score calculated?

Nationwide offers the best term life insurance for seniors in California, earning a MoneyGeek score of 98 for men and 97 for women, with monthly premiums costing approximately $73 for men and $71 for women. Nationwide's top rankings are due to its high marks in customer satisfaction, affordability and process simplicity.

Best for Seniors
Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$73MoneyGeek Score98
GEICORank2Monthly Premium$74MoneyGeek Score96
Mutual of OmahaRank3Monthly Premium$86MoneyGeek Score96
PrudentialRank4Monthly Premium$74MoneyGeek Score95
ProtectiveRank5Monthly Premium$77MoneyGeek Score95

Best Term Life Insurance for Smokers in California

How was this MoneyGeek score calculated?

Nationwide offers the best term life insurance for smokers in California for both men and women. With a MoneyGeek score of 95 for women and 97 for men, Nationwide provides policies at an average of $78 per month for women and $79 for men. The company's high satisfaction score, coupled with sound financial stability, contributes significantly to its leading position.

Best for Smokers
Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$79MoneyGeek Score97
GEICORank2Monthly Premium$71MoneyGeek Score96
PrudentialRank3Monthly Premium$65MoneyGeek Score95
Mutual of OmahaRank4Monthly Premium$83MoneyGeek Score95
HavenRank5Monthly Premium$82MoneyGeek Score93

Best Term Life Insurance for Young Adults in California

How was this MoneyGeek score calculated?

Nationwide offers the best term life insurance for young adult men in California, scoring a 97 with a monthly premium cost of $12. Protective takes the lead for young adult women, with a MoneyGeek score of 95 and a monthly premium of $11. Nationwide got perfect scores in customer satisfaction and process, complimented by strong stability and diversity ratings. Protective received high marks in satisfaction and affordability, underpinned by a robust stability score. Discovering the best term life insurance for young adults is crucial for securing a financially stable future, and these companies show why they are leaders in the industry.

Best for Young Adults
Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$12MoneyGeek Score97
GEICORank2Monthly Premium$10MoneyGeek Score97
Mutual of OmahaRank3Monthly Premium$12MoneyGeek Score96
ProtectiveRank4Monthly Premium$10MoneyGeek Score95
AllstateRank5Monthly Premium$10MoneyGeek Score94

Best Cheap Term Life Insurance in California

How was this MoneyGeek score calculated?

GEICO is the best cheap term life insurance for men in California, with a MoneyGeek score of 97 and an average monthly premium cost of $16, whereas Transamerica ranks first for women, scoring 97 and offering a monthly premium of $14.

These two companies offer financial products that promise affordability, reliability and value, meeting the diverse needs of Californians looking for term life insurance options that align with their financial goals and lifestyles.

Best Cheap
Data filtered by:Results filtered by:
Gender:
Gender:M
GEICOMonthly Premium$16MoneyGeek Score97
NationwideMonthly Premium$19MoneyGeek Score96
AllstateMonthly Premium$16MoneyGeek Score96
TransamericaMonthly Premium$16MoneyGeek Score96
ProtectiveMonthly Premium$16MoneyGeek Score96

Average Cost of Term Life Insurance in California

The average cost of life insurance in California is $73 for women and $89 for men. Factors such as age, gender, health status, the amount of coverage chosen and the term length all influence life insurance premiums.

Californians can use these figures when shopping for life insurance to ensure they're not overpaying for their coverage.

FAQ: Life Insurance in California

What is the best life insurance in California for men?
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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.


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