Writing this article would sure be easy if we could tell you the one best car insurance company that has the rock bottom lowest rates in California. It’s not quite that easy, unfortunately, as there are a whole bunch of unknown factors such as your credit score, if you own or rent your home, and if you have maintained coverage continuously, that all help calculate your car insurance rates. We will attempt to cover the best ways to avoid overpriced car insurance and hopefully give you enough understanding to have a good start in finding the cheapest car insurance.
The type of vehicle you are buying coverage for is a large factor that determines the availability of the best cheap coverage for drivers requiring a SR22. Vehicles with economical engines, an excellent safety record, or a positive history of liability claims will cost significantly less to insure than high performance models.
The table below shows car insurance rates for a selection of the cheaper automobiles to insure in California.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$4,546|
|Ford Escape Limited 2WD||$4,796|
|Honda CR-V EX-L 2WD||$4,801|
|Hyundai Elantra SE Touring Station Wagon||$4,841|
|Jeep Wrangler Sport 4WD 2-Dr||$5,053|
|Ford Edge SE 2WD||$5,233|
|Chevrolet Equinox LS AWD||$5,381|
|Ford Explorer Limited 4WD||$5,432|
|Jeep Grand Cherokee Laredo 2WD||$5,544|
|Volkswagen Jetta S 4-Dr Sedan||$5,552|
|Dodge Grand Caravan SXT||$5,600|
|Ford Fusion S 4-Dr Sedan||$5,606|
|Chevrolet Silverado LS Extended Cab 4WD||$5,600|
|Ford F-150 XLT Crew Cab 4WD||$5,610|
|Toyota RAV4 2WD||$5,600|
|Chevrolet Malibu LT||$5,608|
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Table data represents single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can change insurance rates greatly.
Based on these rates, we can presume that models like the Honda Accord, Ford Escape, and Honda CR-V are most likely going to be a few of the more affordable vehicles to insure for high risk drivers. Rates will be more expensive because there is more liability risk for drivers requiring a SR22, but generally speaking those specific models will probably have the best insurance prices compared to all other vehicles.
Finding out which companies quote the cheapest car insurance rates for drivers requiring a SR22 will involve a bit more effort in order to find the lowest price. Every car insurance company used slightly different criteria for filing rates in each state, so we’ll go over the most competitive car insurance companies in California.
Find the Cheapest Car Insurance for SR22 Drivers
|Rank||Company||Cost Per Year|
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USAA may offer some of the cheapest car insurance rates in Sacramento at around $1,121 annually. This is $530 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide also are some of the cheaper Sacramento, CA car insurance companies.
In the above example, if you currently buy coverage from Century National and switched to Wawanesa, you could see yearly savings of roughly $80. California drivers with Nationwide might save as much as $117 a year, and 21st Century customers might reduce prices by as much as $220 a year.
Remember that these prices are averages for all types of insureds and vehicles and do not take into consideration a specific vehicle garaging location for drivers requiring a SR22. So the auto insurance company that fits your needs best may not even be in the list above. That point stresses why you need to quote rates from many companies using your own specific driver and vehicle information.
One of the many components that help determine insurance cost is where you choose to live in Sacramento. Cities with more crime and/or more people tend to have more expensive car insurance rates, whereas less populated areas benefit from having to pay less for coverage.
The information below shows the highest-priced places in California for drivers requiring a SR22 to buy auto insurance in. Sacramento is listed at #5 costing $1,652 for coverage, which is approximately $138 monthly.
|Rank||City||Premium Per Year|
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Information shown are approximated as zip code location can revise coverage rates noticeably.
Sacramento car insurance company ratings
Buying coverage from the best car insurance company can be challenging considering how many companies there are to choose from in California. The information in the next section can help you choose which insurers to look at when buying insurance for drivers requiring a SR22.
These ratings are only made up of the largest auto insurers in America, so companies that only write business in California or surrounding areas are not factored into these rankings. To compare prices from these top insurers and more, just click here.
Top 10 Large Auto Insurers in Sacramento Ranked by Value
- American Family
- The Hartford
- AAA of Southern California
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
Rate comparison of full coverage and liability-only
Saving on car insurance is the goal of the majority of vehicle owners, and one of the quickest ways to pay lower rates for insurance for drivers requiring a SR22 is to only buy liability insurance. The illustration below compares insurance costs with liability coverage only compared to full coverage. The premiums assume no accidents or driving violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Averaged out for all age groups, full coverage on your policy costs an additional $3,385 per year over liability only. Many of you may wonder if it’s a good idea to buy full coverage. There is no set guideline of when to exclude full coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s pretend your vehicle’s book value is $12,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $11,000 after the policy deductible has been paid. If you are paying in excess of $1,100 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are a few cases where only buying liability is not a good idea. If you haven’t paid off your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not buy liability only.
The information below demonstrates how deductibles can increase or decrease yearly insurance costs when quoting cheap insurance for drivers requiring a SR22. The rates are based on a married female driver, full physical damage coverage, and no discounts are applied.
The data above shows that a 50-year-old driver could pocket $420 a year by changing from a $100 deductible up to a $500 deductible, or save $634 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, can save as much as $1,042 or more by choosing a higher deductible. If you make the decision to raise deductibles, it will be important to have additional funds in a savings account to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
If you like to get some professional advice when trying to find the best insurance rates for drivers requiring a SR22, the insurance agencies listed below can most likely help you determine which auto insurance policy would work best for you.
To find an auto insurance agency by location nearest to you, click the link after the list or click here to compare rates now.
GEICO: Vincent Harris
5211 Madison Ave – Sacramento, CA 95841 – (916) 923-5050
Apna Insurance Agency
3022 Stockton Blvd #5 – Sacramento, CA 95820 – (916) 454-4495
GEICO Insurance Agent
5211 Madison Ave – Sacramento, CA 95841 – (916) 923-5050