What are the costs of car insurance in Los Angeles?
|Picture: the costs of car insurance in Los Angeles|
The cost of car insurance in Los Angeles, California can be a bit confusing. There are so many factors that go into how much you pay for your car insurance policy and whether it's worth it for you to purchase one at all.
The following article will explore the average costs of car insurance by provider and coverage level along with some tips on how best to lower those costs.
Read Also: What are some tips for car owners to keep their car insurance rates low in Los Angeles?
The average cost of car insurance in Los Angeles: by the provider
The average cost of car insurance in Los Angeles varies depending on your coverage level and age bracket.
The following table shows the average costs by provider:
The average cost of car insurance in Los Angeles: by coverage level
The average cost of car insurance in Los Angeles is different depending on the coverage level you choose. Some of the most common coverage options include:
- Liability — This covers damages that are a result of an injury or death caused by someone else's negligence. It’s also known as bodily injury liability coverage, which protects individuals who have been injured in accidents caused by someone else's negligence (like speeding or failing to yield).
- Collision — This covers damage to your car from an accident with another vehicle, pedestrian, cyclist, or animal. It can be combined with comprehensive and/or personal injury protection (PIP).
- Comprehensive — Typically includes theft loss protection and vandalism protection; however some policies may exclude these additional protections if they feel it would otherwise increase the overall cost significantly for their customers (for example: if you live near a beach where there are often thefts from parked cars).
The average cost of car insurance in Los Angeles: by age bracket
The average cost of car insurance in Los Angeles is higher for young drivers than for older drivers. The average annual premium for someone who is 21-25 years old is $1,602 and drops to $904 when the driver reaches age 26.
For those 26 through 30 years old, the average annual premium drops down to $741 and then stays stable at that level until they reach age 31 (where it jumps up again).
The amount paid by younger drivers varies widely depending on where they live: In San Francisco County ($2,848) and Orange County ($2,282) it's far more expensive than in Los Angeles County ($1,806).
Car insurance in LA is expensive!
Car insurance in Los Angeles is expensive! The average cost of car insurance in Los Angeles is $1,039 per year. This number can vary from state to state, but that's what we found when we looked at our data for LA.
The average annual premium for comprehensive coverage ranges from $1,000 per year to $2,000 per year depending on your age bracket and vehicle model (which are both factors we'll cover below).
If you're looking for cheap monthly payments on comprehensive coverage but don't want any accidents or claims on your record then look into collision-only coverage instead which will cost less -
than comprehensive because there aren't any requirements regarding how often or how much damage must occur before an accident claim needs to be filed against someone else's negligence (such as getting rear-ended while driving too fast down a highway without seatbelts).
So, if you want a car insurance policy that fits your budget, it may be worth comparing rates from several companies. And don’t forget to check out our free quote tool to get started!