Best Life Insurance Companies in Huntington Beach, CA

MoneyGeek found the best overall life insurance company in Huntington Beach for most adults is Transamerica. The company is also the best choice for young adults, seniors and smokers.

When purchasing life insurance in Huntington Beach, the lowest average cost is $12 per month for a policy with $250,000 coverage and $27 per month for the California recommended coverage limit of $1,130,000.

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Advertising & Editorial DisclosureLast Updated: 12/2/2022
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The purpose of a life insurance policy is to support your beneficiaries financially when you pass away. MoneyGeek analyzed the average rates of a policy in Huntington Beach, California, to find the best life insurance company for different profiles.

Due to the varying rates of life insurance policies in the city, MoneyGeek compared multiple quotes using factors like gender, age and smoking history.

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2023

Best Life Insurance Companies in Huntington Beach, CA, for 2023

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Best Cheap Life Insurance in Huntington Beach

How much you pay for life insurance depends on various factors, including gender, age and the coverage amount. In Huntington Beach, the most affordable policy with $250K coverage comes from Transamerica and costs around $12 per month for men and $9 for women.

A $250K policy is an inexpensive option in Huntington Beach, although it may not provide adequate financial support to your loved ones after your passing.

MoneyGeek recommends the coverage amount for Huntington Beach that is based on the average income, average personal debt, cost of living and the average age in California — $1,130,000. For this coverage, Transamerica offers the most affordable policy at roughly $27 per month for men and $19 for women.

Cheapest Life Insurance Companies for Males and Females in Huntington Beach
  • Cheapest For
    $250K Coverage
    $1,130,000 Coverage (Recommended)
  • Male

    Transamerica

    Transamerica

  • Female

    Transamerica

    Transamerica

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Life Insurance Costs in Huntington Beach for Men and Women

MoneyGeek analyzed life insurance costs in Huntington Beach based on gender and how they compare to the average cost in California. From the findings, men pay around 26% more than the California average cost, and women pay roughly 10% more.

Average life insurance rates in Huntington Beach vary significantly based on gender. For example, if you purchase a $250K coverage policy, the average cost is $21 per month if you are male and $16 if you are female.

Changing the coverage amount of a life insurance policy in Huntington Beach to account for per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age changes the monthly premium. For the California-recommended coverage amount of $1,130,000, the average monthly rate for a life insurance policy is $55 for men and $50 per month for women.

The premium also varies depending on the policy length. A 10-year term policy in Huntington Beach has an average cost of $32 per month for men and $28 for women, regardless of the coverage limit.

Average Monthly Life Insurance Rates in Huntington Beach: Men

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Transamerica
    $12
    $27
  • Nationwide
    $15
    $29
  • MassMutual
    $14
    $33
  • Mutual of Omaha
    $15
    $34
  • AAA
    $17
    $38
  • State Farm
    $22
    $50
  • Prudential
    $36
    $67
  • Progressive Life
    $20
    $79
Average Monthly Life Insurance Rates in Huntington Beach: Women

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  • Company
    Rates for $250K Coverage
    Rates for $926K Coverage (Recommended)
  • Transamerica
    $9
    $19
  • Nationwide
    $11
    $19
  • Mutual of Omaha
    $12
    $21
  • MassMutual
    $10
    $22
  • Progressive Life
    $13
    $52
  • AAA
    $18
    $54
  • State Farm
    $21
    $64
  • Prudential
    $21
    $79

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

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LIFE INSURANCE OFTEN COSTS LESS FOR WOMEN

Life insurance policy rates may vary significantly based on gender. A report from the National Center for Health Statistics (NCHS) indicates that female policyholders tend to get cheaper life insurance quotes in Huntington Beach because of their higher life expectancy.

Various factors may contribute to the shorter lifespan of men, including a higher suicide rate, engaging in riskier jobs than women and skipping doctor appointments.

As much as women tend to outlive men, research shows that men purchase more life insurance policies. However, MoneyGeek recommends women get life insurance, whether they are income earners or not, as it safeguards the financial stability of their beneficiaries.

Most Popular Life Insurance Companies in California

According to MoneyGeek’s market share research, the top life insurance companies in California are New York Life with around 8%, Transamerica with around 7% and Northwestern Mutual with roughly 5%. Overall, the seven most popular insurers in the state have approximately 39% of the total market share.

The following table lists the most popular life insurance providers in California and their market shares.

Most Popular Life Insurance Companies in California

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  • Company
    Market Share
  • New York Life
    8%
  • Transamerica
    7%
  • Lincoln Financial
    5%
  • Northwestern Mutual
    5%
  • Prudential
    4%
  • Pacific Life
    4%
  • MassMutual
    4%
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MONEYGEEK DICTIONARY

Market share refers to the number of insurance policies a company sells compared to other companies within the same industry. The most popular life insurance companies in Huntington Beach feature the highest market share since they have sold more policies than other insurers.

MoneyGeek obtained the market share information used in this analysis from the 2020 S&P Global reports, which indicate the total premiums sold by each insurer in California.

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Cheapest Life Insurance for Young People in Huntington Beach

On average, life insurance rates for young people in Huntington Beach can vary between $22 and $34 per month, depending on the insurer.

Based on MoneyGeek’s average rate analysis, the cheapest life insurance companies in Huntington Beach for young people are:

  • Transamerica: $22 per month
  • Mutual of Omaha: $24 per month

The table below allows you to compare the rates of life insurance companies in Huntington Beach for young people.

Best Life Insurance Companies for Young People in Huntington Beach, CA

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  • Company
    Monthly Cost
  • Transamerica
    $22
  • Mutual of Omaha
    $24
  • MassMutual
    $24
  • AAA
    $27
  • State Farm
    $29
  • Nationwide
    $30
  • Prudential
    $30
  • Progressive Life
    $34

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

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LIFE INSURANCE IS CHEAPER FOR YOUNG PEOPLE

Life insurance policyholders around 25 years of age or below often pay a lower premium than older adults because insurers consider them less risky to insure. One of the strategies to save on your monthly life insurance premium is to buy a life insurance policy while still young and healthy.

Cheapest Life Insurance for Seniors in Huntington Beach

For seniors, average life insurance quotes in Huntington Beach vary between $49 and $110 per month.

The cheapest companies in the city, based on average rates, for seniors that need life insurance are:

  • Transamerica: $49 per month
  • MassMutual: $51 per month

The following table provides a list of the life insurance companies in Huntington Beach for seniors and their rates.

Best Life Insurance Companies for Seniors in Huntington Beach, CA

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  • Company
    Monthly Cost
  • Transamerica
    $49
  • MassMutual
    $51
  • State Farm
    $56
  • Nationwide
    $56
  • AAA
    $58
  • Mutual of Omaha
    $58
  • Progressive Life
    $87
  • Prudential
    $110

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

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LIFE INSURANCE COSTS MORE FOR SENIORS

In Huntington Beach, seniors pay more for life insurance because they are less likely to outlive their policies. Seniors are also less likely to need much coverage since their beneficiaries are already grown and may not need financial support in the future.

Their coverage often only pays for expenses, such as funeral arrangements and estate tax. That is why MoneyGeek’s sample policy for seniors has a lower amount than other age groups.

Cheapest Life Insurance for Smokers in Huntington Beach

In Huntington Beach, smokers pay an average of $184 to $274 per month for life insurance.

According to MoneyGeek’s average rates research, the most affordable life insurance companies in Huntington Beach for smokers are:

  • Transamerica: $184 per month
  • Nationwide: $201 per month

Review the following table to compare rates across the life insurance companies in the city for smokers.

Best Life Insurance Companies for Smokers in Huntington Beach, CA

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  • Company
    Monthly Cost
  • Transamerica
    $184
  • Nationwide
    $201
  • State Farm
    $218
  • Mutual of Omaha
    $223
  • MassMutual
    $223
  • AAA
    $235
  • Prudential
    $256
  • Progressive Life
    $274

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

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LIFE INSURANCE IS VERY EXPENSIVE FOR SMOKERS

Life insurance companies in Huntington Beach charge smokers a higher premium than non-smokers. That’s because smokers have a higher chance of developing long-term health problems. However, by shopping around, you can still find cheap life insurance for smokers.

MoneyGeek suggests that smokers buy a longer-term policy (at least 20 years) since their rates may increase significantly with age.

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Insurance Rates

Methodology

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.

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