The words “low-priced” and “insurance” really don’t belong together, especially when searching for the lowest insurance rates for good students. Because of the high cost, let’s learn about a few of the factors that have an impact on car insurance prices, and figure out some ways to cut the cost of your next policy.
The vehicle you are seeking coverage for is one of the biggest factors in finding the best cheap coverage for good students. Vehicles with lots of horsepower, poor passenger safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models.
The information below ranks car insurance prices for a selection of the cheapest vehicles to insure in California.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$5,251|
|Honda CR-V LX 2WD||$5,259|
|Hyundai Elantra SE Touring Station Wagon||$5,650|
|Volkswagen Jetta S 2.5 Station Wagon||$5,660|
|Honda Odyssey LX||$5,832|
|Ford Explorer XLT AWD||$5,887|
|Ford F-150 XL Regular Cab 4WD||$5,894|
|Ford Focus S 4-Dr Sedan||$6,177|
|Toyota Tacoma 2WD||$6,186|
|Chevrolet Impala LS||$6,177|
|Chevrolet Equinox LT AWD||$6,231|
|Jeep Grand Cherokee Laredo 2WD||$6,241|
|Chevrolet Malibu Hybrid||$6,231|
|Toyota RAV4 Limited 4WD||$6,239|
|Dodge Grand Caravan SXT||$6,288|
|Chevrolet Silverado LS Regular Cab 2WD||$6,337|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$6,514|
|Toyota Camry SE||$6,573|
|Ford Edge Sport AWD||$6,582|
|Honda Civic Hybrid 4-Dr Sedan||$6,630|
|Toyota Corolla XRS||$6,635|
|GMC Sierra SLT Extended Cab 2WD||$6,630|
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Table data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in garaging location in Sacramento, CA which can revise auto insurance rates significantly.
Based on these rates, you can infer that vehicles like the Ford Escape, Honda CR-V, Hyundai Elantra, and Volkswagen Jetta are most likely going to be a few of the most budget-friendly vehicles to insure for student drivers.
One of the many factors that help determine the cost of insurance is where you normally keep your vehicle in Sacramento. Cities with larger populations tend to have higher auto insurance costs, whereas areas with less congestion get the luxury of paying less.
The information below shows the highest-priced areas in California for good students to buy car insurance in. Sacramento ranks #4 with a yearly premium of $1,720 for car insurance, which is approximately $143 per month.
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Annual rates are estimated as zip code location can influence premiums substantially.
The example below illustrates how your deductible choice can raise or lower insurance premiums when quoting cheap insurance for good students. The data is based on a single female driver, comprehensive and collision coverage, and no policy discounts are applied.
A 30-year-old driver could reduce rates by $482 a year by switching from a $100 deductible up to a $500 deductible, or save $724 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could save up to $1,068 or more just by using higher deductibles. If you do decide to increase your deductibles, it is necessary to have enough spare savings to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Discount Sacramento auto insurance rates
Car insurance companies that provide policies for good students may provide price discounts that could lower prices by as much as 40% or more if you are eligible for them. The best car insurance companies and a summarized list of policyholder discounts are:
- Farmers Insurance policyholders can earn discounts including teen driver, business and professional, youthful driver, switch companies, early shopping, pay in full, and electronic funds transfer.
- State Farm offers discounts including anti-theft, multiple policy, Steer Clear safe driver discount, student away at school, good student, and multiple autos.
- Liberty Mutual discounts include good student, exclusive group savings, safety features, multi-car, new move discount, newly married, and teen driver discount.
- MetLife has discounts for defensive driver, good driver, claim-free, accident-free, and multi-policy.
- Progressive may have discounts that include homeowner, multi-vehicle, online signing, good student, online quote discount, and continuous coverage.
The diagram below illustrates the comparison of insurance rates with and without discounts applied. The rates are based on a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with vehicle safety, continuous coverage, paperless filing, anti-theft, paid-in-full, and good student discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for good students is 28% or $1,139.
Sacramento car insurance rates
California car insurance rates are determined by lots of factors that control the price of your policy. Simply improving your credit, increasing deductibles, or getting caught speeding may prompt premium changes that can cause some rates to be more affordable than competitors.
Not only may your situation change, but insurance companies file new rates as often as every quarter in order to be able to pay unexpected claims. A period of higher than normal claims can result in additional price hikes, while lower claims may produce lower-priced Sacramento car insurance rates.
To illustrate this point, the data below shows rates for the cheapest car insurance in Sacramento, CA for a 40-year-old male driver with a good driving record, no prior claims, and a decent credit rating. If we estimate rates based on his current rating profile, USAA has the cheapest car insurance rates in Sacramento at $1,470 a year. This is $181 less than the average premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are the rest of the best Sacramento, CA auto insurance companies.
The example below compares rates after we give the driver in the first example an accident claim, a lower credit rating, and a few traffic violations. Due to the fact that every insurance company has a proprietary formula to determine rates, analyzing rate quotes may now show a completely different list of the cheapest companies as shown below.
Grange now has the best insurance rate in Sacramento with Mercury, Progressive, Allied, and Allstate also being competitive. This shows why it is critical to spend some time comparing rates to get cheap car insurance rates for good students.
Car insurance prices are influenced by many factors and can change without notice, so the most economical option the last time you compared rates may now be one of the more expensive options.
How to find the cheapest auto insurance for good students
The list below shows many money-saving suggestions that can help you buy low-cost auto insurance.
- Staying accident-free helps keep rates low
- Do not insure for full coverage
- Clean up your credit rating
- Get cheaper liability coverage by choosing a safer vehicle
- Maintain a clean driving record
- Raise your deductibles
- Comparison shop at least every other year
The last suggestion is highly valuable, as was noted in this write-up. Prices charged by auto insurers go up and down frequently, so don’t be tentative to buy from a different company if a lower-cost policy is available. Many drivers have brand loyalty and that’s fine, but it’s not a great idea if your bullheadedness ends up costing you hundreds of dollars a year. Take a few minutes and compare prices and find cheaper car insurance for good students in Sacramento.
If you prefer to get help from a professional when shopping for cheaper insurance for good students, the insurance agencies below can most likely help you make a decision which car insurance policy is best. To locate a Sacramento car insurance agency in your neighborhood, click the button at the bottom or click here to get price quotes now.
- Ice Insurance Agency
813 F St – Sacramento, CA 95814 – (916) 387-6800
- Ancal Insurance Agency
2641 Cottage Way #2 – Sacramento, CA 95825 – (916) 485-5410
- Allstate Insurance: John Chandler
900 Jefferson Blvd #110 – West Sacramento, CA 95691 – (916) 374-1600
- Rich Williams – State Farm Insurance Agent
1001 26th St – Sacramento, CA 95816 – (916) 447-8560