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

After your passing, your investment in life insurance financially aids your loved ones. There are many insurance carriers to choose from, and MoneyGeek reviewed average rates to find the best life insurance company in Santa Rosa, California, for various profiles and policyholders and their loved one’s needs.

Your coverage amount and gender play a role when life insurance providers compute your premium. Transamerica is the most affordable in Santa Rosa for coverage of $250,000 and the California-recommended amount of $1,130,000.

For a $250K coverage policy, Transamerica charges men around $10 per month and women pay roughly $8 per month.

But, $250K may not adequately cover the needs of every life insurance buyer — states have different coverage recommendations.

In California, the recommended amount is $1.13 million, which is based on state-specific factors like cost of living, average income, average personal debt and average age. For the state-recommended amount, Transamerica’s average rates are $22 per month for men and $17 per month for women.

The cost of your life insurance is partially determined by your gender, as well as your location. In Santa Rosa, men pay approximately 3% more than California’s average cost, and women pay 4% less.

The average cost of life insurance in Santa Rosa for $250K in coverage is $14 per month for women. Men pay approximately $17 per month.

The state-recommended coverage limit for life insurance in California is $1.13 million. That amount was determined by accounting for factors such as per capita income (as reported by the U.S. Bureau of Economic Analysis), average personal debt, average mortgage debt and average age.

Following California’s recommended coverage, a life insurance policy in Santa Rosa costs, on average, $44 per month for men and $44 per month for women.

Setting coverage amount aside, a 10-year term policy average cost is $26 per month for men and $24 per month for women.

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

New York Life, Transamerica and Northwestern Mutual are the three most popular life insurance companies in California by market share — their respective market shares are around 8%, 7% and 5%. MoneyGeek found that the seven most popular life insurance providers in California make up around 39% of the industry.

View the below table to see the most popular life insurance companies in California.

In Santa Rosa, the average life insurance rate for young adults ranges between $18 and $28 per month. MoneyGeek found the companies that offer the average cheapest life insurance policies in Santa Rosa to young people are:

• Transamerica: $18 per month
• Mutual of Omaha: $19 per month

You can check the complete list of life insurance companies for young adults and their rates in Santa Rosa in the below table.

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

An average life insurance quote for seniors in Santa Rosa can range from $40 to $89 per month. Based on MoneyGeek’s average rates research, the most affordable companies for life insurance as a senior in Santa Rosa are:

• Transamerica: $40 per month
• MassMutual: $42 per month

Learn more about which companies in Santa Rosa offer life insurance for seniors and their rates in the table below.

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

An average life insurance premium in Santa Rosa costs $149 to $223 per month for individuals who smoke. On average, the cheapest life insurance providers for smokers in Santa Rosa are:

• Transamerica: $149 per month
• Nationwide: $163 per month

You can scroll through the table below and find a full list of companies that provide life insurance for smokers.

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