The words “cheap” and “insurance” probably shouldn’t be used in the same sentence, especially when searching for the lowest insurance prices for hybrid vehicles. Because of the high cost, let’s take a look at a few of the things that have an effect on auto insurance rates, and figure out some ways to shave a little off the next policy you buy.
For hybrids, one of the largest components that are looked at to determine the amount you pay for auto insurance is where you normally keep your vehicle in Long Beach. More populated areas tend to pay more, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.
The table below lists the priciest cities in California for hybrid vehicles in which to purchase auto insurance. Long Beach shows up at #8 costing $1,578 for the average policyholder, which is around $132 monthly.
|Rank||City||Average Per Year|
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Price information shown is estimated as specific Long Beach garaging address can increase or decrease premium rates noticeably.
The make and model of vehicle to be insured is one of the biggest factors that determines whether or not you find the most affordable car insurance for hybrid vehicles. Vehicles with high performance, poor passenger safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more modest models. The next list presents car insurance premiums for the most affordable automobiles to insure in California.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,252|
|Honda Accord EX-L 4-Dr Sedan||$1,332|
|Volkswagen Jetta S 2.5 Station Wagon||$1,339|
|Honda CR-V EX 4WD||$1,417|
|Chevrolet Equinox LS 2WD||$1,449|
|Nissan Altima 2.5 4-Dr Sedan||$1,457|
|Ford F-150 XLT Regular Cab 2WD||$1,466|
|Dodge Grand Caravan SXT||$1,476|
|Ford Explorer Eddie Bauer 4WD||$1,481|
|Ford Edge Limited AWD||$1,526|
|Toyota Corolla LE||$1,532|
|Toyota Camry XLE||$1,526|
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Estimates do not factor in specific location which can decrease or increase price quotes substantially.
Based upon the table data, you can assume that makes and models like the Ford Escape, Honda Accord, and Volkswagen Jetta are going to be a few of the more affordable vehicles to insure for hybrids.
Liability rates compared to full coverage
Paying less for car insurance should be important to most vehicle owners, and an effective way to find cheap insurance for hybrid vehicles is to buy liability only. The diagram below shows the comparison of auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in California. Data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are factored in.
If we average the cost for all age groups, physical damage coverage on your policy costs an additional $2,501 per year over and above liability coverage. At some point, almost every driver questions if it’s worth it to buy full coverage. There is no set rule for dropping full coverage, but there is a general convention. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
The chart below demonstrates how deductible levels can influence insurance prices when quoting cheap insurance for hybrid vehicles. The data is based on a single female driver, full coverage, and no other discounts are factored in.
The chart above illustrates that a 40-year-old driver could lower rates by $490 a year by changing from a $100 deductible to a $500 deductible, or save $736 by using a $1,000 deductible. Young drivers, such as the Age 20 example, can cut $1,246 or more by using a higher deductible.
When insureds make the decision to increase the deductibles on their policy, it is important to have enough funds in savings to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
The importance of shopping around
California car insurance rates are impacted by many things that can increase the policy price. Simply improving your credit, moving across town, or getting into an accident can trigger changes in premium resulting in some companies being more affordable than competitors.
In addition to those changes, car insurance companies amend premium rates as often as every quarter in order to offset underwriting gains or losses. A period of higher than normal claims may result in rate hikes, while a lower level of claims can cause lower-priced Long Beach car insurance rates.
As an example, the chart below shows a variety of companies that have the cheapest car insurance in Long Beach, CA for a 40-year-old female driver with no accidents, a clean driving record, and excellent credit. If we look at prices based on her current risk profile, USAA may offer the cheapest car insurance rates in Long Beach at $1,426 annually. This is $225 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are the remaining best Long Beach, CA auto insurance companies.
In this next rate comparison, we will give the driver from the above example a claim, bad credit, and a stop sign violation. Since every car insurance company uses their own formula to determining premium rates, getting updated rate quotes may now present a significantly different list of cheap Long Beach auto insurance companies as shown below.
Grange now has the best auto insurance rate in Long Beach, CA with Mercury, Allstate, Allied, and Progressive now rounding out the top five. This shows why California drivers need to shop around when trying to get affordable insurance rates for hybrid vehicles.
Rates are influenced by many risk factors and change dramatically, so the most economical option the last time you shopped your coverage around may now be priced much higher than other options.
How to find the cheapest insurance for hybrid vehicles
Lowering your rates is not difficult, and here are a few penny-pinching solutions that can help drivers find cheap car insurance.
- Bundle home and auto and save
- Save money by insuring older vehicles for liability only
- Buy a car with high safety ratings
- Avoid accidents and claims
- Increase your credit score
- Compare rates regularly and switch companies to save money
The last suggestion is especially valuable, as was stressed in the article above. Auto insurance prices in Long Beach adjust often, so don’t be tentative to buy from a different company if you can find a cheaper rate.
Having a favorite company is fine, but we do not recommend it if it’s costing you big bucks every year. Spend a few minutes and compare prices to find cheaper car insurance for hybrid vehicles.
The Long Beach, CA, insurance agents below can help you determine which coverage meets your needs best, as some people have coverage questions and would like to have a consultation when shopping around for cheaper insurance for hybrids. It can be complicated to find the cheapest car insurance policy, and a licensed agent can bring satisfaction knowing you have adequate protection.
To find a Long Beach insurance agent in your neighborhood, click the button at the bottom.
- Nationwide Insurance: Caiquo Insurance Agency
4401 Atlantic Ave #214 – Long Beach, CA 90807 – (562) 548-7488
- Rosanne Sanchez Insurance Agency
1165 E San Antonio Dr – Long Beach, CA 90807 – (310) 874-3933
- Priscilla Vallejos Insurance Agency
2725 Candlewood St – Lakewood, CA 90712 – (562) 552-3259
- Bob Lundstrom – State Farm Insurance Agent
3620 Long Beach Blvd, Ste A3 – Long Beach, CA 90807 – (562) 595-8333
- Ed Ratleff – State Farm Insurance Agent
1190 N Studebaker Rd f – Long Beach, CA 90815 – (562) 799-0291