Life insurance is an excellent investment in your loved ones’ future, since it allows you to financially support your beneficiaries after you pass away. MoneyGeek analyzed and compared quotes from several providers to identify the best life insurance companies in Fontana, California, according to a variety of buyer profiles.
Best Life Insurance Companies in Fontana, CA, for 2024
MoneyGeek recommends Transamerica as the best overall life insurance provider in Fontana, CA. The most affordable average rates range from $10 monthly for $250K of coverage to $21 monthly for state-recommended coverage.
![Banner image](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_484/v1715118204/life_insurance_image_843366e35e.png)
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Mark Fitzpatrick
Head of P&C Insurance, MoneyGeek
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](https://www.cnbc.com/2020/04/15/cant-keep-up-with-insurance-premiums-heres-what-to-do.html), [NBC News](https://www.nbcnews.com/business/autos/flooded-cars-are-problem-their-owners-future-car-buyers-n1278493) and [Mashable](https://mashable.com/article/tesla-insurance-rates). 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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Katherine Kurtz, PhD
Managing Editor
Katherine Kurtz, Ph.D., is the Managing Editor at MoneyGeek, with 15 years of experience in academic and content editing. She holds a doctorate in philosophy from Villanova University, where she also worked as an adjunct professor and the managing editor of *Hypatia*, a peer-reviewed feminist philosophy journal. Kurtz believes in "education as a practice of freedom" (bell hooks) and seeks to empower herself and others by openly sharing financial knowledge and resources.
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1613177245/Image_from_i_OS_825d26269a.jpg)
Mark Fitzpatrick
Head of P&C Insurance, MoneyGeek
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](https://www.cnbc.com/2020/04/15/cant-keep-up-with-insurance-premiums-heres-what-to-do.html), [NBC News](https://www.nbcnews.com/business/autos/flooded-cars-are-problem-their-owners-future-car-buyers-n1278493) and [Mashable](https://mashable.com/article/tesla-insurance-rates). 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.
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1654693852/Katherine_Kurtz_headshot_Katherine_Kurtz_fd788e5db8.jpg)
Katherine Kurtz, PhD
Managing Editor
Katherine Kurtz, Ph.D., is the Managing Editor at MoneyGeek, with 15 years of experience in academic and content editing. She holds a doctorate in philosophy from Villanova University, where she also worked as an adjunct professor and the managing editor of *Hypatia*, a peer-reviewed feminist philosophy journal. Kurtz believes in "education as a practice of freedom" (bell hooks) and seeks to empower herself and others by openly sharing financial knowledge and resources.
Updated: May 22, 2024
Advertising & Editorial Disclosure
Best Life Insurance Companies in Fontana, CA, for 2023
![New York Life](https://res.cloudinary.com/moneygeek/image/upload/c_scale,w_45/v1/MoneyGeek.com/Company%20Logos/New-York-Life-Logo_baath0.png)
![Transamerica](https://res.cloudinary.com/moneygeek/image/upload/c_scale,w_45/v1/MoneyGeek.com/Company%20Logos/5d0a9a73c69af706dda3cbd9_logo-transamerica_kyp7fu.png)
![Transamerica](https://res.cloudinary.com/moneygeek/image/upload/c_scale,w_45/v1/MoneyGeek.com/Company%20Logos/5d0a9a73c69af706dda3cbd9_logo-transamerica_kyp7fu.png)
![Transamerica](https://res.cloudinary.com/moneygeek/image/upload/c_scale,w_45/v1/MoneyGeek.com/Company%20Logos/5d0a9a73c69af706dda3cbd9_logo-transamerica_kyp7fu.png)
Best Cheap Life Insurance in Fontana
Insurers consider gender and coverage amount when assessing the cost of life insurance. In Fontana, Transamerica offers the most affordable $250K coverage life insurance for men and women at an average of $10 and $7 per month.
Though policies with a $250K coverage limit are the most affordable, they may not offer sufficient coverage for most people. Each state has a recommended coverage amount according to state-specific factors like cost of living, average income, average personal debt and average age. In California, the state-recommended coverage amount is $1,130,000. For this coverage level, Transamerica offers the least expensive life insurance policy for men and women at $21 and $15 per month, respectively.
Cheapest Life Insurance Companies for Males and Females in Fontana
Cheapest For | $250K Coverage | $1,130,000 Coverage (Recommended) |
---|---|---|
Male | Transamerica | Transamerica |
Female | Transamerica | Transamerica |
Life Insurance Costs in Fontana for Men and Women
Based on the amount of coverage and length of the policy, MoneyGeek calculated the average life insurance cost in Fontana for men and women. In Fontana, life insurance costs for men are 2% lower than the average cost in California. Additionally, Fontana women pay 16% less for life insurance than the average cost in the state.
Your gender significantly affects your life insurance cost. Typically, men pay more than women. Males in Fontana pay an average of $17 per month for a policy with a default coverage limit of $250K, while females pay $12.
For California's state-recommended coverage amount of $1,130,000, an average policy in Fontana costs $43 per month for men and $38 per month for women. The state-recommended coverage amount factors in Using the U.S. Bureau of Economic Analysis' recommended coverage amount is based on several factors like per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age.
A life insurance policy’s term also affects the cost of your premium. For a 10-year term, an average policy in Fontana costs $25 per month for men and $21 per month for women.
Average Monthly Life Insurance Rates in Fontana: Men
Transamerica | Rates for $250K Coverage$10 | Rates for $926K Coverage (Recommended) $21 |
Nationwide | Rates for $250K Coverage$12 | Rates for $926K Coverage (Recommended) $23 |
MassMutual | Rates for $250K Coverage$11 | Rates for $926K Coverage (Recommended) $26 |
Mutual of Omaha | Rates for $250K Coverage$12 | Rates for $926K Coverage (Recommended) $26 |
AAA | Rates for $250K Coverage$13 | Rates for $926K Coverage (Recommended) $29 |
Average Monthly Life Insurance Rates in Fontana: Women
Transamerica | Rates for $250K Coverage$7 | Rates for $926K Coverage (Recommended) $15 |
Nationwide | Rates for $250K Coverage$9 | Rates for $926K Coverage (Recommended) $15 |
Mutual of Omaha | Rates for $250K Coverage$9 | Rates for $926K Coverage (Recommended) $16 |
MassMutual | Rates for $250K Coverage$8 | Rates for $926K Coverage (Recommended) $17 |
Progressive Life | Rates for $250K Coverage$10 | Rates for $926K Coverage (Recommended) $40 |
Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Fontana 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.
In terms of life insurance premiums, men and women pay different amounts. Since men live shorter lives, they usually pay higher rates. Women live longer than men because they're more likely to have safer jobs and regularly visit the doctor.
While the cost of life insurance is lower for women, more men purchase policies. Whether you’re working full time or staying at home, investing in a life insurance policy is an affordable way to safeguard your family’s future.
Most Popular Life Insurance Companies in California
According to MoneyGeek's analysis, New York Life, Transamerica and Northwestern Mutual are the most popular life insurance companies in California, with respective market shares 8%, 7% and 5%.
In California, the top seven life insurance companies account for 39% of the market. Listed below are the seven most popular life insurance companies in California.
Most Popular Life Insurance Companies in California
New York Life | Market Share8% |
Transamerica | Market Share7% |
Northwestern Mutual | Market Share5% |
Lincoln Financial | Market Share5% |
MassMutual | Market Share4% |
A company’s market share indicates its share of sales in an industry. A company with a high market share has sold more policies than its competitors.
MoneyGeek’s analysis used each company’s reported total written premium in the 2020 S&P Global data reports as a source of market share data.
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Ensure you're getting the best rate for your life insurance. Compare quotes from the top insurance companies.
Cheapest Life Insurance for Young People in Fontana
Young people in Fontana often pay between $17 and $26 per month for life insurance premiums. For this age group, MoneyGeek found that the following companies offer the cheapest life insurance in Fontana:
- Transamerica: $17 per month
- Mutual of Omaha: $18 per month
In the table below, you can find a complete list of the best life insurance companies for young adults in Fontana.
Best Life Insurance Companies for Young People in Fontana, CA
Transamerica | Monthly Cost$17 |
Mutual of Omaha | Monthly Cost$18 |
MassMutual | Monthly Cost$18 |
AAA | Monthly Cost$21 |
State Farm | Monthly Cost$23 |
Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Fontana who is 5 feet 10 inches and 152 pounds that purchases a 20-year term contract at the average coverage need of $360K. We chose a 20-year term to provide a longer coverage period for a younger buyer.
Life insurance costs less for young people and steadily increases as you age. As such, you can save money by purchasing life insurance at a young age since rates are typically lower.
Cheapest Life Insurance for Seniors in Fontana
Seniors in Fontana pay between $38 and $86 per month, on average, for life insurance. In Fontana, the following two companies offer the cheapest life insurance:
- Transamerica: $38 per month
- MassMutual: $40 per month
The following is a list of the best and cheapest life insurance companies for seniors in Fontana.
Best Life Insurance Companies for Seniors in Fontana, CA
Transamerica | Monthly Cost$38 |
MassMutual | Monthly Cost$40 |
State Farm | Monthly Cost$43 |
Nationwide | Monthly Cost$43 |
AAA | Monthly Cost$45 |
Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Fontana who is 5 feet 10 inches and 179 pounds that purchases a 10-year term contract at the average coverage need of $107K.
Because older adults are closer to their life expectancy, they typically pay higher life insurance premiums. If you want to save money as a senior, you can purchase a low-coverage policy. This is typically fine, since seniors’ beneficiaries are usually financially independent. In most cases, seniors only need life insurance to cover funeral expenses and settle any outstanding debts. This is why our example policy coverage for Fontana seniors is $107K.
Cheapest Life Insurance for Smokers in Fontana
In Fontana, the cost of life for smokers ranges from $143 to $213 per month. For smokers in Fontana, MoneyGeek found that the following companies offer the most affordable rates:
- Transamerica: $143 per month
- Nationwide: $156 per month
The table below includes information about other cheap insurance providers for smokers in Fontana.
Best Life Insurance Companies for Smokers in Fontana, CA
Transamerica | Monthly Cost$143 |
Nationwide | Monthly Cost$156 |
State Farm | Monthly Cost$169 |
Mutual of Omaha | Monthly Cost$173 |
MassMutual | Monthly Cost$174 |
Rates were determined by analyzing quotes for a 30-year-old male smoker in Fontana 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.
Smokers are prone to respiratory-related illnesses that reduce their life expectancies. For this reason, most insurers consider smokers high-risk and charge them more for life insurance. There are, however, insurance companies that offer affordable rates for smokers. One way to reduce your cost, if you’re a smoker, is to buy a longer term, typically a 20-year policy, since rates increase more with age.
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Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
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 Mark Fitzpatrick
![Mark Fitzpatrick headshot](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_160/v1613177245/Image_from_i_OS_825d26269a.jpg)
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.
sources
- Harvard Health Publishing. "Why Men Often Die Earlier Than Women." Accessed July 5, 2022.
- Life Insurance Marketing and Research Association (LIMRA). "Facts About Life Insurance 2021." Accessed July 5, 2022.
- National Center for Health Statistics. "Provisional Life Expectancy Estimates for January through June, 2020." Accessed July 5, 2022.
- S&P Global. "2020 Annual Report." Accessed July 5, 2022.