Best Life Insurance Companies in Oceanside, CA

MoneyGeek’s research determined that Transamerica is the best life insurance company in Oceanside for the average adult, seniors, smokers and young adults. The most affordable life insurance premium in Oceanside for coverage of $250K has an average cost of $9 per month. For California’s recommended coverage, a policy costs around $21 per month.

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Advertising & Editorial DisclosureLast Updated: 12/23/2022
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While it is a sensitive topic, life insurance extends support to your loved ones after you pass away. Life insurance is a long-term financial commitment, so when you shop for a life insurance policy, it should meet your specific needs. Browse through MoneyGeek’s guide to find the best life insurance company in Oceanside, California, for you.

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2023

Best Life Insurance Companies in Oceanside, CA, for 2023

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Best Cheap Life Insurance in Oceanside

Your life insurance quotes in Oceanside will depend on your gender and coverage amount. Transamerica offers the average cheapest monthly rate for a $250,000 policy for men at $10 and for women at $7.

However, $250K coverage may not suit your specific situation. Each state has a recommended amount that individuals should purchase for life insurance based on factors specific to the state, such as average personal debt, average income and cost of living.

The recommended life insurance coverage amount in California is $1,130,000. Following this recommendation, Transamerica provides the most affordable average rate in Oceanside for men at $21 per month and for women at $15 per month.

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

    Transamerica

    Transamerica

  • Female

    Transamerica

    Transamerica

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Life Insurance Costs in Oceanside for Men and Women

Your gender influences the cost of life insurance in Oceanside, as does your location. Compared to the average cost in California, men in Oceanside pay roughly 2% more, but women pay about 15% less.

The average life insurance premium in Oceanside for a $250K coverage policy is $13 per month for women, and men pay $17 per month.

Californians are highly encouraged to purchase a life insurance policy with a $1.13 million coverage amount. That amount is based on factors like per capita income (as reported by the U.S. Bureau of Economic Analysis), average personal debt, average mortgage debt and average age.

On average, the premium for $1.13 million coverage costs $44 per month for men and $38 per month for women.

If you don’t consider coverage amount, a 10-year term policy’s average cost is $26 per month for men and $22 per month for women.

Average Monthly Life Insurance Rates in Oceanside: Men

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Transamerica
    $10
    $21
  • Nationwide
    $12
    $24
  • MassMutual
    $11
    $27
  • Mutual of Omaha
    $12
    $27
  • AAA
    $14
    $30
  • State Farm
    $18
    $40
  • Prudential
    $29
    $54
  • Progressive Life
    $16
    $63
Average Monthly Life Insurance Rates in Oceanside: Women

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Transamerica
    $7
    $15
  • Nationwide
    $9
    $15
  • Mutual of Omaha
    $9
    $17
  • MassMutual
    $8
    $17
  • Progressive Life
    $10
    $41
  • AAA
    $14
    $42
  • State Farm
    $17
    $50
  • Prudential
    $16
    $61

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

When it comes to life insurance, studies reveal that women generally pay less than men since they tend to have a longer life expectancy. Life insurance for men is pricier because they may stay away from doctors, have high-risk occupations or get heart disease, which may mean they die sooner than women.

Research shows that women don’t purchase life insurance as much as men. Regardless, it’s crucial that women consider getting life insurance because they offer great economic value to their households that requires protection.

Most Popular Life Insurance Companies in California

The three most popular life insurance companies in California with respect to market share are New York Life (around 8%), Transamerica (around 7%) and Northwestern Mutual (around 5%). In total, the seven most popular carriers take up roughly 37% of the life insurance industry.

Check the below table to see the seven most popular life insurance companies 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

A market share is a company’s sales percentage with respect to its competitors. Based on S&P Global’s 2020 market intelligence reports, MoneyGeek compiled market share data about top-rated life insurance companies in California.

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Cheapest Life Insurance for Young People in Oceanside

Per month, the average life insurance premium for a young adult in Oceanside ranges between $17 and $27. MoneyGeek found that the below companies offer the most affordable average life insurance rates in Oceanside to young people:

  • Transamerica: $17 per month
  • Mutual of Omaha: $19 per month

In the table below, you can browse through the full list of life insurance companies for young adults in Oceanside and their rates.

Best Life Insurance Companies for Young People in Oceanside, CA

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  • Company
    Monthly Cost
  • Transamerica
    $17
  • Mutual of Omaha
    $19
  • MassMutual
    $19
  • AAA
    $21
  • State Farm
    $23
  • Nationwide
    $24
  • Prudential
    $24
  • Progressive Life
    $27

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Oceanside 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

Young adults (25 years old and below) tend to pay a cheaper life insurance premium. But rates will become more expensive as time passes. To save on your total life insurance costs, we advise purchasing life insurance at a young age.

Cheapest Life Insurance for Seniors in Oceanside

Life insurance for seniors in Oceanside costs approximately $39 to $89 per month. On average, the following companies offer the cheapest life insurance rates in Oceanside for seniors:

  • Transamerica: $39 per month
  • MassMutual: $41 per month

View the below table to get the complete list of life insurance companies in Oceanside for seniors and their rates.

Best Life Insurance Companies for Seniors in Oceanside, CA

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  • Company
    Monthly Cost
  • Transamerica
    $39
  • MassMutual
    $41
  • State Farm
    $45
  • Nationwide
    $45
  • AAA
    $46
  • Mutual of Omaha
    $47
  • Progressive Life
    $70
  • Prudential
    $89

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Oceanside 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

Because of the probability that seniors will outlive a life insurance policy, the premium is more expensive. But, most seniors are aptly protected with less coverage because their beneficiaries aren’t financially dependent on them.

Life insurance policies for seniors typically cover outstanding debts and funeral-related costs. That is why MoneyGeek’s sample policy coverage is notably lower than other profiles in this guide.

Cheapest Life Insurance for Smokers in Oceanside

Life insurance for smokers in Oceanside starts at around $148 per month and can reach roughly $221 per month. MoneyGeek’s average rate data shows that the most affordable companies for a smoker in Oceanside that wants life insurance are:

  • Transamerica: $148 per month
  • Nationwide: $162 per month

The below table outlines life insurance providers in Oceanside for smokers and their rates.

Best Life Insurance Companies for Smokers in Oceanside, CA

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  • Company
    Monthly Cost
  • Transamerica
    $148
  • Nationwide
    $162
  • State Farm
    $175
  • Mutual of Omaha
    $179
  • MassMutual
    $180
  • AAA
    $189
  • Prudential
    $206
  • Progressive Life
    $221

Rates were determined by analyzing quotes for a 30-year-old male smoker in Oceanside 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.

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LIFE INSURANCE IS VERY EXPENSIVE FOR SMOKERS

Individuals who smoke pay more expensive life insurance rates since they are considered high risk and are more susceptible to diseases that shorten their lifespan — although smokers can still find affordable life insurance. MoneyGeek recommends that smokers purchase a long-term policy (20 years minimum) since rates will exponentially increase as they get older.

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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


Mark Fitzpatrick headshot

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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