Best Life Insurance Companies in Oxnard, CA, for 2024

Purchasing life insurance is a reasonable decision that will help your dependents if you pass away unexpectedly. MoneyGeek examined rates and reviewed insurance providers in order to identify which life insurance firms in Oxnard, California, offer the best plans for various types of consumers.

Transamerica provides the most affordable life insurance coverage for men and women in Oxnard, with monthly premiums of $8 and $7, respectively.

While it’s cheaper, a policy that provides maximum coverage of $250,000 may not be sufficient for most people. State-specific variables determined the suggested coverage amount of $1,130,000 in California.

At this amount of coverage, Transamerica offers the most affordable life insurance in Oxnard, California, for both men and women, at $18 and $14 per month, respectively.

MoneyGeek estimated the average cost of life insurance in Oxnard for both men and women. The premiums for life insurance for men in Oxnard are around 16% less than the state average. Similarly, Oxnard women pay approximately 19% less for life insurance than the state average.

Men in Oxnard pay about $14 per month for a $250,000 life insurance policy, while women pay approximately $12 per month for the same coverage.

For California’s recommended coverage amount of $1,130,000, MoneyGeek determined that the average monthly premium for men in Oxnard is $36 and $37 for women. The U.S. Bureau of Economic Analysis's per capita income, average life expectancy, average mortgage debt and average personal debt are among the factors that influence the average coverage needed in California.

Men and women in Oxnard pay an average of $21 per month for a 10-year term insurance coverage, regardless of the amount.

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

According to our analysis, New York Life, Transamerica and Northwestern Mutual are the three most prominent companies offering life insurance in California. On average, New York Life has the largest market share in the state with 8%, followed by Transamerica at 7% and Northwestern Mutual at 5%.

The combined market shares of California's seven major life insurance companies constitute around 39% of the state's life insurance sector. Here are the seven most prominent providers of life insurance in the state.

Monthly life insurance rates for young individuals in Oxnard typically range from around $14 to $22. On average, MoneyGeek determined the best cost-effective life insurance companies for this age group to be:

• Transamerica: $14 per month
• Mutual of Omaha: $16 per month

Here is a complete list of the best life insurance providers in Oxnard for young adults.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Oxnard who is 5 feet 10 inches tall 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.

The average cost of life insurance for seniors in Oxnard ranges from $32 to $73, on average. According to MoneyGeek's study, the most affordable firms for seniors in Oxnard are, on average:

• Transamerica: $32 per month
• MassMutual: $34 per month

For a list of other Oxnard life insurance providers with the most affordable premiums for senior citizens, see the table below.

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

In Oxnard, the average monthly cost of life insurance for a smoker ranges from $122 to $181. According to our research, the following insurers offer the lowest average prices to smokers in Oxnard:

• Transamerica: $122 per month
• Nationwide: $133 per month

The following table outlines top Oxnard-based insurers who provide inexpensive rates to smokers.

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