Deciphering which company offers the lowest-priced insurance rates for veterans will take more work than just quoting one company’s rates. Every auto insurer has their own guidelines for establishing rates, so let’s take a look at the insurance companies with the most affordable rates in California.
It’s important that you understand Sacramento insurance rates are influenced by many factors which can substantially decrease or increase the price of coverage. Getting older, buying a home instead of renting, or getting a ticket for running a stop sign may cause policy rate changes resulting in some companies being cheaper than before.
Compare Cheap Insurance Quotes for Vets
USAA normally has some of the lowest car insurance rates in Sacramento at around $1,109 each year. This is $542 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide also are some of the cheapest Sacramento, CA car insurance companies.
As the rates illustrate above, if you are insured with CSAA and switched to USAA, you might realize yearly savings of about $125. Policyholders with Nationwide could save as much as $154 a year, and 21st Century customers might cut rates by $216 a year.
Understand that those rates are averages across all types of drivers and the different vehicles they drive and do not factor in an exact vehicle garaging location for veterans. So the insurer that can offer you the lowest price may not even be in the top 24 companies shown above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
One of the many factors that are used to help calculate the price you pay for insurance is where you live. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from having to pay less for coverage.
The table below ranks the most expensive places in California for veterans to purchase a policy in. Sacramento comes in at #5 with the yearly price of $1,652 for the average policyholder, which is approximately $138 each month.
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Table data uses estimated as the vehicle garaging location can increase or decrease auto insurance rates greatly.
The information below illustrates how choosing a deductible can affect yearly insurance costs when researching cheap insurance for veterans. The information is based on a married male driver, full physical damage coverage, and no additional discounts are factored in.
A 50-year-old driver could lower rates by $370 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $556 by changing to a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could reduce their rates as much as $1,230 annually just by using higher deductibles. When increasing deductibles, it is essential to have additional savings on hand to enable you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Full coverage versus liability only rates
Reducing premiums for insurance is probably important to the majority of drivers, and one of the quickest ways to lower the cost of insurance for veterans is to buy only liability coverage. The chart below illustrates the comparison of auto insurance costs with full coverage compared to only the California minimum liability coverage. The information is based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are single, and no additional discounts are factored in.
If we average all the age groups together, full coverage costs an additional $1,849 per year more than just buying liability insurance. That is a large expense which might make you wonder when is it safe to stop buying full coverage. There is no set guideline of when to stop paying for full coverage, but there is a general convention. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
Get discounts on Sacramento auto insurance rates
Car insurance companies that sell policies for veterans may have policy discounts that could lower prices by 30% or more if you meet eligibility requirements. Larger insurance companies and some of the premium reductions they offer can be read below.
- GEICO offers discounts for driver training, five-year accident-free, seat belt use, daytime running lights, and emergency military deployment.
- MetLife has savings for good student, claim-free, multi-policy, defensive driver, accident-free, good driver
- State Farm may have discounts that include multiple autos, passive restraint, multiple policy, accident-free, student away at school, and good student.
- Progressive offers premium reductions for homeowner, online quote discount, multi-policy, online signing, and continuous coverage.
- Mercury Insurance policyholders can earn discounts including accident-free, anti-theft, good driver, low natural disaster claims, professional/association, and annual mileage.
- 21st Century has discounts for good student, automatic seat belts, anti-lock brakes, teen driver, defensive driver, homeowners, and theft prevention.
- Allstate offers discounts including economy car, safe driver, passive restraint, utility vehicle, and resident student.
The chart below illustrates the comparison of auto insurance costs with and without discounts applied to the premium. The information is based on a male driver, no driving violations, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with defensive driving course, homeowner, claim-free, marriage, anti-theft, and multiple policy discounts applied. With discounts applied, theaverage yearly reduction on insurance for veterans is 28% or $703.
How to find the cheapest auto insurance for veterans
It is possible to find better rates, and here are a few money-saving solutions that can help you get more affordable coverage.
- Avoid accidents
- Higher credit ratings may save you money
- Increase deductibles to save money
- Do not get tickets
- Vehicles with good safety ratings are usually cheaper to insure
- Compare quotes from other companies often
The last idea is extraordinarily crucial, as was emphasized in the prior information. Insurance prices fluctuate constantly, so don’t be unwilling to buy from a different company if you find a better deal. Brand loyalty is not necessarily bad, but is isn’t recommended if your bullheadedness ends up costing you hundreds of dollars a year. It takes less than five minutes to shop around to find cheaper auto insurance for veterans in Sacramento.
If you would rather get some help when trying to find the best insurance rates for veterans, the agents listed below can help you make a decision which coverages and limits you need.
To locate a Sacramento auto insurance agent nearest to you, click the button following the list or click here to compare rates now.
- Travis Beyer – State Farm Insurance Agent
2455 Jefferson Blvd #115 – West Sacramento, CA 95691 – (916) 375-0144
- Big Savings Insurance Agency, Incorporated
1451 River Park Dr Suite 260 – Sacramento, CA 95815 – (888) 719-6743
- Peter S Schiro Ins Agcy Inc
1515 30th St #200 – Sacramento, CA 95816 – (916) 444-9787