Best Life Insurance Companies in Fremont, CA

Life insurance costs in Fremont, California, can be as low as $16 per month for a $250K policy and $36 per month for the coverage level recommended in the state. Transamerica is rated as the top life insurance company in Fremont by MoneyGeek for the average adult. For smokers, seniors and young people, Transamerica also ranked as the best option.

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Advertising & Editorial DisclosureLast Updated: 12/22/2022
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Reasons for purchasing life insurance may vary based on the consumer’s needs and goals. In addition to helping with debt repayment, living expenses and any final or medical fees, it offers financial security to beneficiaries.

By comparing quotes, you may find the best life insurance company in Fremont. MoneyGeek's research can help you find the best insurance for your unique profile.

iconBestLife InsuranceFremont, CA
2023

Best Life Insurance Companies in Fremont, CA, for 2023

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Best Cheap Life Insurance in Fremont

Transamerica has the most affordable $250K coverage in Fremont, with average monthly premiums of $16 for men and $11 for women. Even though it is less expensive, a policy with $250K in coverage might not be adequate.

The average recommended amount of life insurance in California is $1,130,000, which is based on state-specific factors. Transamerica offers the cheapest life insurance in Fremont for both men and women for $1,130,000 in coverage, costing about $36 and $24 per month, respectively.

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

    Transamerica

    Transamerica

  • Female

    Transamerica

    Transamerica

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Life Insurance Costs in Fremont for Men and Women

Depending on your gender, life insurance costs differ. Men pay 70% more than the state average in Fremont, while women pay 39% more.

For coverage up to $250K, men in Fremont pay an average of $29 monthly, as opposed to $21 for women.

If you opt for California's recommended coverage level, which is based on per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, personal debt and age, you’ll pay around $63 if you are a woman in Fremont and approximately $74 if you are a man.

The average monthly cost of 10-year term insurance, regardless of the amount of coverage, is $43 for men and $36 for women.

Average Monthly Life Insurance Rates in Fremont: Men

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Transamerica
    $16
    $36
  • Nationwide
    $20
    $39
  • MassMutual
    $19
    $44
  • Mutual of Omaha
    $20
    $46
  • AAA
    $23
    $51
  • State Farm
    $30
    $67
  • Prudential
    $48
    $90
  • Progressive Life
    $27
    $106
Average Monthly Life Insurance Rates in Fremont: Women

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Transamerica
    $11
    $24
  • Nationwide
    $15
    $25
  • Mutual of Omaha
    $15
    $27
  • MassMutual
    $13
    $28
  • Progressive Life
    $16
    $67
  • AAA
    $23
    $68
  • State Farm
    $27
    $82
  • Prudential
    $27
    $100

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Fremont 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

Life insurance costs in Fremont are significantly influenced by gender. Women frequently live longer than men, which results in lower costs. Meanwhile, men are generally more prone to work in hazardous environments and engage in dangerous activities that’s why insurers charge them greater premiums.

Moreover, males are more likely than females to purchase life insurance. No matter who the family's main provider is, every woman should consider getting life insurance to protect her family in the event of death or disability.

Most Popular Life Insurance Companies in California

On average, the top three life insurance providers in California are New York Life (8%), Transamerica (7%) and Northwestern Mutual (5%), according to their market shares.

The major life insurance companies in California are included on the MoneyGeek chart below, along with their respective market shares. The top seven companies collectively hold approximately 39% of the market share.

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

To determine how strong a company is in the market, market share, which is the proportion of sales compared to competitors in its industry, is widely used. A business with a sizable life insurance market share has sold more policies than its counterparts.

MoneyGeek's market share statistics are derived from the total premiums paid by each company as listed in the S&P Global 2020 state reports.

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Cheapest Life Insurance for Young People in Fremont

In Fremont, life insurance premiums for younger people can range from $29 to $46 per month. For the average young person in Fremont, the two most affordable life insurance companies are:

  • Transamerica: $29 monthly
  • Mutual of Omaha: $32 monthly

The MoneyGeek table below allows you to examine more life insurance quotes for young individuals in Fremont.

Best Life Insurance Companies for Young People in Fremont, CA

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  • Company
    Monthly Cost
  • Transamerica
    $29
  • Mutual of Omaha
    $32
  • MassMutual
    $32
  • AAA
    $36
  • State Farm
    $39
  • Nationwide
    $40
  • Prudential
    $40
  • Progressive Life
    $46

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Fremont who is 5 feet 10 inches and 152 pounds that 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

Life insurance costs are lower for those under 25. As you get older and are more likely to contract certain diseases, your insurance expenses will rise. When you are young, buying life insurance can help you secure lower rates and is one of the best ways to save money.

Cheapest Life Insurance for Seniors in Fremont

The monthly premiums for senior life insurance in Fremont normally range from $65 to $148. On average, the following are the top two senior-friendly life insurance providers in Fremont:

  • Transamerica: $65 monthly
  • MassMutual: $69 monthly

More information about the top senior life insurance companies in Fremont is available in the MoneyGeek table below.

Best Life Insurance Companies for Seniors in Fremont, CA

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  • Company
    Monthly Cost
  • Transamerica
    $65
  • MassMutual
    $69
  • State Farm
    $75
  • Nationwide
    $75
  • AAA
    $77
  • Mutual of Omaha
    $78
  • Progressive Life
    $117
  • Prudential
    $148

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

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LIFE INSURANCE COSTS MORE FOR SENIORS

Prices for senior life insurance are pricier because as you get older, it's more likely that your policy will outlast you. Because their beneficiaries are more likely to be mature adults with their own finances, seniors often do not need as much insurance.

Plans for life insurance for seniors typically cover things like funeral costs, inheritance taxes and other associated charges. As a result, MoneyGeek's sample of senior insurance coverage is less extensive than the coverage chosen for other profiles.

Cheapest Life Insurance for Smokers in Fremont

Smokers in Fremont can expect to pay an average of $247 to $368 per month for life insurance. For smokers in Fremont, the following life insurance companies provide the cheapest average rates:

  • Transamerica: $247 monthly
  • Nationwide: $270 monthly

For more information on the cheapest life insurance companies in Fremont for smokers, see the MoneyGeek table below.

Best Life Insurance Companies for Smokers in Fremont, CA

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  • Company
    Monthly Cost
  • Transamerica
    $247
  • Nationwide
    $270
  • State Farm
    $292
  • Mutual of Omaha
    $299
  • MassMutual
    $300
  • AAA
    $315
  • Prudential
    $343
  • Progressive Life
    $368

Rates were determined by analyzing quotes for a 30-year-old male smoker in Fremont 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 as you age.

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LIFE INSURANCE IS VERY EXPENSIVE FOR SMOKERS

Average monthly premiums for life insurance for smokers are higher than for non-smokers. Due to the long-term negative effects of smoking on one's health, smokers are susceptible to higher premiums from insurers that view them as high-risk individuals. Smokers can still afford life insurance in spite of this. Since smoking increases your premiums as you age, MoneyGeek suggests purchasing insurance for a longer period of time (20 years).

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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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