Best Life Insurance Companies in Stockton, CA, for 2023

Life insurance is a good investment as it offers your loved ones financial protection if you suddenly die. MoneyGeek suggests you shop around and compare quotes from various companies to find policies that fit your needs and lifestyle.

We ranked the top life insurance companies in Stockton to help you find the best offers. Our team also highlighted providers with the cheapest rates based on age, gender and smoking history.

Coverage amount and gender are important factors that affect life insurance prices. Transamerica has the most affordable $250K policies in Stockton, priced at $9 per month for men and $7 per month for women.

Although $250K policies are more affordable, most people find such coverage insufficient for their beneficiary’s financial security. The recommended coverage amount in California is $1.13 million, which considers California’s average cost of living, income, personal debt, age and other state-specific factors.

Transamerica again has the cheapest rates in Stockton for $1.13 million policies. The average price for men is $19 per month, and $14 per month for women.

Like gender, location also affects life insurance prices. For example, Stockton rates are 9% lower for men and 18% lower for women compared to the state’s average.

On average, life insurance in Stockton with $250K coverage costs $15 for men and $12 for women. However, premium prices vary significantly based on the coverage amount.

After considering information such as the U.S. Bureau of Economic Analysis’ per capita income and California’s average mortgage debt, personal debt and age, the recommended insurance coverage in the state is $1.13 million.

Males in Stockton pay around $40 per month for a $1.13 million policy, while women pay $37 per month. The average price of a 10-year term policy (regardless of coverage limits) is $23 for men and $21 for women.

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

Based on MoneyGeek’s analysis, California’s three most popular life insurance companies based on market share are:

• New York Life - 8%
• Transamerica - 7%
• Northwestern Mutual - 5%

We also found that the seven most popular providers in the state make up 39% of the market. The table below shows these insurers and their market share in California.

In Stockton, life insurance for young people can range between $16 and $25 per month. MoneyGeek’s analysis shows that the most affordable providers in the city for younger buyers are:

• Transamerica: $16 per month
• Mutual of Omaha: $17 per month

We list life insurance quotes for young people in Stockton in the table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Stockton who is 5 feet 10 inches in height and weighs 152 pounds with a 20-year term contract at the average coverage need of $360K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Seniors in Stockton pay roughly between $35 and $80 per month for life insurance. MoneyGeek studied providers in the city and found that the following have the lowest rates for older buyers:

• Transamerica: $35 per month
• MassMutual: $37 per month

We detailed life insurance premium prices for seniors in Stockton in the table below.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Stockton who is 5 feet 10 inches tall and weighs 179 pounds with a 10-year term contract at the average coverage need of $107K.

An average smoker in Stockton can expect life insurance prices to range from approximately $133 to $199 per month. Based on MoneyGeek’s analysis, the most affordable companies for smokers in the city are:

• Transamerica: $133 per month
• Nationwide: $145 per month

We collected life insurance quotes in Stockton for smokers in the table below.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Stockton who is 5 feet 10 inches tall and weighs 179 pounds with a 20-year term contract at the average coverage need of $1.13 million.

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.