Best Life Insurance Companies in Rancho Cucamonga, CA, for 2023

Purchasing life insurance offers your loved ones financial support after your passing. It can save them from experiencing financial hardship.

Since life insurance is a huge commitment, MoneyGeek determined the best life insurance companies in Rancho Cucamonga, California, for specific groups. We cover several factors that can affect your premium, including smoking history, age and gender.

Your gender and chosen coverage amount affect the cost of your life insurance in Rancho Cucamonga. The cheapest premium for a $250,000 coverage policy is with Transamerica — rates are around $11 per month for men and $8 per month for women. But, a $250K coverage may not suit everyone’s life insurance needs.

Every state has a recommended coverage amount that considers the cost of living, average age, average income, average personal debt and other state-specific factors. In California, the recommended coverage amount is $1,130,000. Once again, Transamerica offers the cheapest life insurance rate for men at around $25 per month and $18 per month for women.

The cost of your life insurance in Rancho Cucamonga depends on your gender, but the city also affects it. In Rancho Cucamonga, men pay around 16% more, and women roughly 3% more compared to the average in California.

For a $250K coverage life insurance policy in Rancho Cucamonga, the average cost for women is $15 per month, while men pay approximately $20 per month.

California residents are encouraged to buy a $1.13 million coverage life insurance policy. This is the state-recommended coverage that considers different factors, including per capita income (as reported by the U.S. Bureau of Economic Analysis), average personal debt, average mortgage debt and average age.

In Rancho Cucamonga, the average life insurance premium for a $1.13 million coverage policy is around $51 per month for men and $47 per month for women.

If you’re not accounting for coverage amount, the average cost of a 10-year term policy is $29 per month for men and $26 per month for women.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Rancho Cucamonga 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, the three most popular life insurance companies are New York Life, Transamerica and Northwestern Mutual, with market shares of around 8%, 7% and 5%, respectively. Combined, the market share of the seven most popular insurance companies in California is roughly 37%.

You can view all of the most popular life insurance companies in California in the below table.

The average life insurance quote in Rancho Cucamonga for a young adult ranges between $20 and $31 per month. MoneyGeek found the most affordable average life insurance quotes for young adults in Rancho Cucamonga are with the following companies:

• Transamerica: $20 per month
• Mutual of Omaha: $22 per month

Below, the table lists life insurance companies in Rancho Cucamonga that provide a policy for young adults and their rates.

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

The average monthly life insurance premium for a senior in Rancho Cucamonga ranges between $45 and $101. MoneyGeek found that the following life insurance companies offer the cheapest average rates for seniors in Rancho Cucamonga:

• Transamerica: $45 per month
• MassMutual: $47 per month

To view the life insurance companies for seniors in Rancho Cucamonga, browse the table below.

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

In Rancho Cucamonga, the average life insurance premium for a smoker costs roughly $169 to $253 per month. According to MoneyGeek’s average rate data, the two cheapest life insurance companies in Rancho Cucamonga for smokers are:

• Transamerica: $169 per month
• Nationwide: $185 per month

Check the table below to see the life insurance companies in Rancho Cucamonga for smokers and their rates.

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

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.