The words “economical” and “insurance” really don’t belong together, specifically when you are looking for the cheapest coverage for drivers with good credit. To help control this cost, let’s start the ball rolling by going over some of the factors that have a considerable impact on insurance prices, and find a way to lower the cost of your next policy.
Figuring out which companies have the most affordable insurance rates for drivers with good credit may require a tad more effort in order to find the best price.
Each auto insurer used slightly different criteria for determining prices, so we will examine the insurance companies that tend to be cheaper in Sacramento, CA. Keep in mind that Sacramento insurance rates are calculated based on many things that can increase the cost of a policy. Improving your credit rating, getting married, or getting caught speeding can trigger rate changes resulting in some rates now being cheaper in comparison to the competition.
Best Auto Insurance Prices for High Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,143 |
| 2 | Wawanesa | $1,146 |
| 3 | CSAA | $1,198 |
| 4 | Century National | $1,226 |
| 5 | Nationwide | $1,250 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,433 |
| 8 | Allstate | $1,513 |
| 9 | GEICO | $1,529 |
| 10 | Allied | $1,541 |
| 11 | Mercury | $1,548 |
| 12 | Progressive | $1,558 |
| 13 | The Hartford | $1,575 |
| 14 | MetLife | $1,606 |
| 15 | Unitrin | $1,682 |
| 16 | State Farm | $1,699 |
| 17 | Esurance | $1,739 |
| 18 | Bristol West | $1,795 |
| 19 | Travelers | $1,842 |
| 20 | Farmers | $2,026 |
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USAA quotes some of the lowest car insurance rates in Sacramento at around $1,143 each year. Wawanesa, CSAA, Century National, and Nationwide would also be considered some of the most economical Sacramento, CA insurance companies.
As shown above, if you are insured with Wawanesa and switched to USAA, you might see savings of around $3. Insureds with CSAA might save as much as $55 a year, and Century National customers might reduce prices by as much as $83 a year.
Remember that these policy rates are averaged across all drivers and vehicles and do not factor in a specific zip code for drivers with good credit. So the car insurance company that has the cheapest rates for you may not even be in the top 24 companies shown above. That is why you need to compare rates from multiple companies using your own specific driver and vehicle information.
The car, truck, or SUV you are seeking coverage for is a significant factor when consumers are trying to find the lowest-priced car insurance for drivers with good credit. Vehicles with high performance engines, a lack of safety features, or a history of substantial liability claims will cost substantially more to insure than safer, lower-performance models. The data below ranks car insurance rates for a selection of the most cost-effective vehicles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,324 |
| Ford Edge Limited 2WD | $1,538 |
| Chevrolet Impala LS | $1,546 |
| Chevrolet Equinox LS 2WD | $1,570 |
| Toyota RAV4 Limited 4WD | $1,579 |
| Ford F-350 XL Super Cab 2WD | $1,630 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,643 |
| Toyota Corolla XLE | $1,651 |
| Ford Escape XLT 4WD | $1,664 |
| Nissan Rogue S AWD | $1,679 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,689 |
| Ford Explorer XLT AWD | $1,703 |
| Dodge Grand Caravan SE | $1,710 |
| Ford Focus SE 4-Dr Sedan | $1,763 |
| Toyota Tacoma 2WD | $1,768 |
| Kia Optima SX | $1,789 |
| Nissan Altima 2.5 4-Dr Sedan | $1,797 |
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Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Table data does not factor in vehicle garaging location which can modify rates substantially.
Based upon the rates shown, we can tell that makes and models like the Honda CR-V, Ford Edge, Chevrolet Impala, and Chevrolet Equinox will be the cheaper vehicles to insure for financially responsible drivers.
One of the more important criteria that aid in calculating the amount you pay each year for auto insurance is where you choose to live in Sacramento. More populated areas likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of cheap car insurance rates.
The following table rates the highest-priced places in California for drivers with good credit to purchase auto insurance in. Sacramento makes the list at #3 with a yearly cost of $1,720 for the average insurance policy, which is approximately $143 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Glendale | $2,142 |
| 2 | Los Angeles | $2,083 |
| 3 | Sacramento | $1,720 |
| 4 | San Francisco | $1,711 |
| 5 | Oakland | $1,687 |
| 6 | Long Beach | $1,626 |
| 7 | Santa Clarita | $1,595 |
| 8 | Fontana | $1,581 |
| 9 | San Bernardino | $1,580 |
| 10 | Moreno Valley | $1,551 |
| 11 | Stockton | $1,541 |
| 12 | Garden Grove | $1,508 |
| 13 | Anaheim | $1,488 |
| 14 | Modesto | $1,487 |
| 15 | Santa Ana | $1,483 |
| 16 | Riverside | $1,482 |
| 17 | Fresno | $1,457 |
| 18 | Huntington Beach | $1,416 |
| 19 | Fremont | $1,403 |
| 20 | San Jose | $1,395 |
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Information shown are approximated as the specific Sacramento residence address can alter coverage prices greatly.
Reckless driving habits raise Sacramento insurance rates
The common sense way to enjoy low insurance rates for financially responsible drivers is to be a safe driver and avoid getting tickets or having accidents. The diagram below illustrates how speeding tickets and accidents can impact insurance costs for each different age group. The rate quotes are based on a single female driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of a car insurance policy in California per year with a clean driving record and no accidents is $2,199. Add in two speeding tickets and the average cost jumps to $2,951, an increase of $752 each year. Now get one accident along with the two speeding tickets and the yearly cost of insurance for drivers with good credit jumps again to an average of $3,702. That’s an increase of $1,503, or $125 per month, just for being a little careless behind the wheel!
How to find a good California insurance company
Buying coverage from the highest-rated auto insurance provider is hard considering how many choices drivers have in California. The ranking data listed below could help you pick which insurers you want to consider shopping your coverage with. These rankings include companies with a nationwide focus, so companies with more of a regional focus are not factored into these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
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Data Source: Insure.com Best Car Insurance Companies
Cost difference between full coverage and liability
Reducing the cost of insurance should be important to the majority of drivers, and a great way to pay less for insurance for drivers with good credit is to not buy full coverage. The chart below illustrates the difference between car insurance rates with full physical damage coverage compared to only buying liability only. The data assumes no driving violations, no at-fault accidents, $250 deductibles, single status, and no policy discounts are applied.
If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs an extra $2,314 per year over and above liability coverage. At some point, about every driver wonders when is it a good idea to stop buying full coverage. There is no definitive rule for phasing out full coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your vehicle’s replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after you pay the deductible. If premiums are more than $700 annually for full coverage, then you might want to consider buying only liability coverage.