Best Life Insurance Companies in Garden Grove, CA, for 2023

Life insurance provides financial security for your beneficiaries or dependents when you pass away. MoneyGeek compared and ranked the best life insurance companies in Garden Grove, California, to help you find the best rates in the city. Our analysis also considered the best options for smokers, seniors and young adults looking for life insurance in Garden Grove.

In Garden Grove, a $250K policy is the cheapest from Transamerica. The insurer charges around $9 per month for men and roughly $7 per month for women.

Although a policy with $250,000 coverage may be more affordable, it might not be enough coverage for most people.

For the recommended state coverage of $1,130,000, which is based on state-specific factors, Transamerica offers the average cheapest rates at $20 per month for men and $14 per month for women.

Garden Grove life insurance rates can vary significantly depending on your gender. Men in the city pay 7% less than the average life insurance rate for California, while women’s rates are up to 17% cheaper than the state average.

Men in Garden Grove pay an average of $16 per month for a $250K policy, while women pay approximately $12 per month.

In Garden Grove, the cost of a life insurance policy with the recommended coverage is $40 monthly for men and $38 monthly for women. The recommended coverage is $1,130,000, which is based on factors like per capita income from the U.S. Bureau of Economic Analysis, average personal debt and the average age in the state.

A 10-year policy costs an average of $23 per month for men, while women will pay $21 per month, regardless of coverage level.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Garden Grove 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 California, New York Life, with around 8% of the market share, Transamerica, with roughly 7%, and Northwestern Mutual, with approximately 5% of the market share, are the three most popular life insurance companies in the state.

Up to 37% of the total life insurance market share in California is taken up by the seven most popular life insurance companies. To see how companies compare by market share, you can look up the most popular life insurance companies in the table below.

The cost of life insurance in Garden Grove for young adults can range from around $16 to $25 per month. On average, the most affordable life insurance companies in Garden Grove for young people are:

• Transamerica: $16 per month
• Mutual of Omaha: $17 per month

You can compare the most affordable life insurance companies for young adults in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Garden Grove who is 5 feet 10 inches in height and weighs 152 pounds with 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.

If you are a senior in Garden Grove, you can expect to pay between $36 and $81 per month. On average, the companies with the cheapest life insurance rates for seniors in Garden Grove are:

• Transamerica: $36 per month
• MassMutual: $38 per month

You can look up the most affordable companies for seniors in the table below.

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

Life insurance in Garden Grove for smokers costs between $136 and $202 per month. The most affordable companies for smokers in Garden grove are, on average:

• Transamerica: $136 per month
• Nationwide: $148 per month

You can use the table below to compare average life insurance rates for smokers in Garden Grove.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Garden Grove who is 5 feet 10 inches tall and weighs 179 pounds with a 20-year term contract at the average coverage need of $1,130,000.

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.