Best Life Insurance Companies in Santa Clarita, CA, for 2023

Depending on the consumer's needs and expectations, there may be a variety of reasons to buy life insurance. It provides financial stability in addition to aiding with debt payments, living costs and medical expenses.

You can discover Santa Clarita's best life insurance company by shopping about and comparing quotes. Find the top life insurance companies in Santa Clarita by using MoneyGeek's analysis of average life insurance premiums based on your age, gender and smoking history.

In Santa Clarita, Transamerica offers $250K in coverage with the lowest average monthly premiums, including $12 for men and $8 for women. While a policy with $250K in coverage could be less expensive, it might not be enough for your beneficiaries.

The recommended amount for life insurance in California is $1,130,000, which is based on state-specific data.

For state-recommended coverage, Transamerica offers life insurance in Santa Clarita at the lowest rate, with monthly premiums averaging $27 for men and $18 for women.

The price of life insurance in Santa Clarita varies by gender. For instance, men pay 28% more than the state average, while women pay 4% more.

Men in Santa Clarita pay an average of $22 per month for $250K in coverage, while women pay $15.

These rates vary if you use California's recommended coverage level, which is based on per capita income from the U.S. Bureau of Economic Analysis, age, typical mortgage debt and personal debt.

Based on the recommended $1,130,000 in coverage, the average monthly insurance cost in California is $55 for men and $47 for women.

Meanwhile, regardless of the level of coverage, the average monthly cost of 10-year term insurance is $32 for men and $27 for women.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Santa Clarita using average buyer profile statistics, including average age of 30, average weight of 179 pounds for males and 142 pounds for females, and an average coverage need of $1,130,000.

As per their average market shares, New York Life (8%), Transamerica (7%) and Northwestern Mutual (5%) are the three leading providers of life insurance in California.

The MoneyGeek graph below represents the major life insurance providers in California, along with their relative market shares. The top seven businesses in the state control around 39% of the market as a whole.

Younger Santa Clarita residents may pay monthly rates for life insurance that vary from $22 to $34. The two cheapest life insurance companies in Santa Clarita for the average young person are:

• Transamerica: $22 monthly
• Mutual of Omaha: $24 monthly

You can review other life insurance rates for young people in Santa Clarita in the MoneyGeek table below.

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

In Santa Clarita, the typical range of monthly rates for senior life insurance is $49 to $111. On average, the city's top two life insurance companies that offer seniors affordable rates are:

• Transamerica: $49 monthly
• MassMutual: $52 monthly

The table below from MoneyGeek contains further details on the top senior life insurance companies in Santa Clarita.

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

Santa Clarita residents who smoke can anticipate monthly life insurance costs ranging from $185 to $277. On average, the cheapest life insurance rates in Santa Clarita are offered by the following insurers:

• Transamerica: $185 monthly
• Nationwide: $203 monthly

See the MoneyGeek infographic below for more details on the Santa Clarita life insurance companies that are most affordable for smokers.

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

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.