Best Life Insurance Companies in Chula Vista, CA

For the average adult, Transamerica is the best overall company for life insurance in Chula Vista, California. Transamerica is also the best company for young adults, seniors and smokers. In this city, the cheapest life insurance premiums are approximately $10 per month for a $250,000 policy and $23 per month for the state-recommended coverage.

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Advertising & Editorial DisclosureLast Updated: 12/22/2022
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If you have life insurance, you don't have to worry about how your family will be financially supported in the event of your unexpected death. To choose the best life insurance coverage in Chula Vista, it is advisable to shop around and compare costs from different insurers.

Based on your age, gender and smoking history, you can use MoneyGeek’s guide to find the ideal life insurance company in Chula Vista.

iconBestLife InsuranceChula Vista, CA
2023

Best Life Insurance Companies in Chula Vista, CA, for 2023

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Best Cheap Life Insurance in Chula Vista

Transamerica has the cheapest rates for $250K in coverage in Chula Vista, averaging $10 for men and $7 for women.

You can save money with a $250K policy, but this may not cover your loved one’s needs. Based on buyer profiles and state-specific factors, California recommends $1,130,000 in coverage.

For this amount, men and women in Chula Vista can get the best premiums from Transamerica for around $23 and $16, respectively.

Cheapest Life Insurance Companies for Males and Females in Chula Vista
  • Cheapest For
    $250K Coverage
    $1,130,000 Coverage (Recommended)
  • Male

    Transamerica

    Transamerica

  • Female

    Transamerica

    Transamerica

Life Insurance Costs in Chula Vista for Men and Women

Life insurance premiums are affected by the policy's face value and the policyholder's gender. Chula Vista women pay around 9% less for life insurance than the state average, while males pay about 8% more than the state average.

For a $250K policy, men in the city pay, on average, $18 per month compared to women's $14 monthly average.

In Chula Vista, the recommended $1,130,000 coverage policies (calculated based on per capita income from the U.S. Bureau of Economics, average age, average mortgage debt and personal debt) cost males around $47, while the average for women is $41.

Additionally, regardless of policy limits, men pay an average of $27 per month for a 10-year policy, while women pay an average of $23 per month.

Average Monthly Life Insurance Rates in Chula Vista: Men

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Transamerica
    $10
    $23
  • Nationwide
    $13
    $25
  • MassMutual
    $12
    $28
  • Mutual of Omaha
    $13
    $29
  • AAA
    $14
    $32
  • State Farm
    $19
    $43
  • Prudential
    $31
    $57
  • Progressive Life
    $17
    $67
Average Monthly Life Insurance Rates in Chula Vista: Women

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Transamerica
    $7
    $16
  • Nationwide
    $10
    $16
  • Mutual of Omaha
    $10
    $18
  • MassMutual
    $9
    $18
  • Progressive Life
    $11
    $44
  • AAA
    $15
    $45
  • State Farm
    $18
    $53
  • Prudential
    $17
    $66

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Chula Vista using average buyer profile statistics, including the average age of 30, the average weight of 179 pounds for males and 142 pounds for females, and an average coverage need of $1,130,000.

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LIFE INSURANCE OFTEN COSTS LESS FOR WOMEN

Gender greatly affects life insurance costs. Women have longer life expectancies, according to the National Center for Health Statistics. This is because of factors like men working in dangerous environments. Insurers deem men high-risk and charge them higher premiums than women.

However, men make up the vast majority of life insurance policyholders. Women today contribute more to the household economy, whether they are sole breadwinners or stay-at-home moms. Consequently, they are excellent candidates for life insurance and are likely to be eligible for lower premiums because of their higher life expectancy.

Most Popular Life Insurance Companies in California

According to the total average market share, New York Life (8%), Transamerica (7%) and Northwestern Mutual (5%) are California's three most popular life insurance providers. Based on our research, the seven most popular life insurance carriers in the state make up around 39% of the market.

The following table details the market shares held by the seven most popular life insurance firms in California.

Most Popular Life Insurance Companies in California

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  • Company
    Market Share
  • New York Life
    8%
  • Transamerica
    7%
  • Lincoln Financial
    5%
  • Northwestern Mutual
    5%
  • Prudential
    4%
  • Pacific Life
    4%
  • MassMutual
    4%
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MONEYGEEK DICTIONARY

Market share calculates a company’s sales revenue in comparison to other companies in the same sector. This suggests that a company with a substantial market share in the life insurance sector has outsold its competitors in terms of policy sales.

MoneyGeek analyzed 2020 S&P Global data reports to estimate market share data.

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Cheapest Life Insurance for Young People in Chula Vista

In Chula Vista, young people may get life insurance for around $18 to $29 per month. According to MoneyGeek's analysis, the following insurers provide the city's young people with the most affordable average life insurance premiums:

  • Transamerica: $18 per month
  • Mutual of Omaha: $20 per month

The table below allows you to compare the costs of life insurance for young adults offered in Chula Vista by various insurers.

Best Life Insurance Companies for Young People in Chula Vista, CA

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  • Company
    Monthly Cost
  • Transamerica
    $18
  • Mutual of Omaha
    $20
  • MassMutual
    $20
  • AAA
    $23
  • State Farm
    $25
  • Nationwide
    $25
  • Prudential
    $25
  • Progressive Life
    $29

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Chula Vista who is 5 feet 10 inches, 152 pounds and purchases a 20-year term contract at the average coverage need of $360,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

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LIFE INSURANCE IS CHEAPER FOR YOUNG PEOPLE

Young individuals 25 years of age and under often pay lower rates for life insurance. Your insurance premiums will increase as you become older and are more susceptible to illness. You can save a lot on insurance premiums if you purchase life insurance at a younger age.

Cheapest Life Insurance for Seniors in Chula Vista

Chula Vista's seniors can expect to spend anywhere from $41 to $94 per month for life insurance. MoneyGeek found that, on average, the following companies offer the most affordable life insurance quotes in Chula Vista for seniors:

  • Transamerica: $41 per month
  • MassMutual: $44 per month

The table below lists the top-rated and cheapest life insurance companies in Chula Vista for seniors.

Best Life Insurance Companies for Seniors in Chula Vista, CA

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  • Company
    Monthly Cost
  • Transamerica
    $41
  • MassMutual
    $44
  • State Farm
    $47
  • Nationwide
    $48
  • AAA
    $49
  • Mutual of Omaha
    $50
  • Progressive Life
    $74
  • Prudential
    $94

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Chula Vista who is 5 feet 10 inches, 179 pounds and purchases a 10-year term contract at the average coverage need of $107,000.

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LIFE INSURANCE COSTS MORE FOR SENIORS

Since their policies will likely outlive them, seniors usually pay higher life insurance premiums. However, a policy with a lower face value than the average coverage might be sufficient for elderly buyers. This is because it is likely that their dependents will be grown up and be able to support themselves.

As a result, the proceeds of their policy are often used to cover their funeral costs or clear any outstanding debts. Accordingly, our sample insurance coverage for Chula Vista's elderly population has been set at $107,000, which is lower than the other profiles in our analysis.

Cheapest Life Insurance for Smokers in Chula Vista

Life insurance premiums for Chula Vista’s smokers average between $156 and $234 per month. According to MoneyGeek, the following are the cheapest average life insurance providers for smokers in the city:

  • Transamerica: $156 per month
  • Nationwide: $171 per month

You will find a listing of Chula Vista life insurance providers that are the best and cheapest for smokers below.

Best Life Insurance Companies for Smokers in Chula Vista, CA

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  • Company
    Monthly Cost
  • Transamerica
    $156
  • Nationwide
    $171
  • State Farm
    $185
  • Mutual of Omaha
    $190
  • MassMutual
    $190
  • AAA
    $200
  • Prudential
    $218
  • Progressive Life
    $234

Rates were determined by analyzing quotes for a 30-year-old male smoker in Chula Vista who is 5 feet 10 inches and 179 pounds that purchases a 20-year term contract at the average coverage need of $1,130,000. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage as rates for smokers increase dramatically as you age.

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LIFE INSURANCE IS VERY EXPENSIVE FOR SMOKERS

Smoking causes adverse effects on one's health. It's because of this that insurance companies view smokers as high-risk customers, and their rates are adjusted accordingly. Regardless, smokers can still get low-cost life insurance coverage. Life insurance premiums for smokers continue to rise as they become older, so MoneyGeek recommends smokers in the city opt for a 20-year term policy.

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Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.

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Insurance Rates

Methodology

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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