The words “economical” and “auto insurance” really should not be used together, in particular when comparison shopping for the best price on coverage for unemployed drivers. In an attempt to save some money, let’s go over a few of the factors that have a considerable impact on auto insurance prices, and find out if you can lower the price of the next policy you buy.
One of the many things that are looked at to help calculate the cost of insurance is where you live. Areas with high crime rates or more dense population will most likely have higher rates, whereas more rural areas tend to receive cheaper rates.
The illustration below sorts the most expensive cities in California for unemployed drivers to purchase a policy in. Long Beach shows up at #8 with an annual premium of $1,578 for the average insurance policy, which is approximately $132 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Los Angeles | $2,083 |
| 2 | Glendale | $2,079 |
| 3 | Oakland | $1,755 |
| 4 | San Francisco | $1,745 |
| 5 | Sacramento | $1,703 |
| 6 | San Bernardino | $1,628 |
| 7 | Stockton | $1,603 |
| 8 | Long Beach | $1,578 |
| 9 | Fontana | $1,566 |
| 10 | Moreno Valley | $1,551 |
| 11 | Modesto | $1,547 |
| 12 | Santa Clarita | $1,533 |
| 13 | Garden Grove | $1,524 |
| 14 | Fresno | $1,502 |
| 15 | Riverside | $1,497 |
| 16 | Santa Ana | $1,453 |
| 17 | Anaheim | $1,444 |
| 18 | San Jose | $1,437 |
| 19 | Huntington Beach | $1,402 |
| 20 | Bakersfield | $1,394 |
| Compare Prices Now Go | ||
Premium costs are estimated as the specific area where the vehicle is garaged can decrease or increase coverage prices noticeably.
Finding reliable, cost effective car insurance is confusing at best, and determining which companies quote the most affordable auto insurance rates for unemployed drivers calls for a bit more work.
Each auto insurer uses a slightly different approach to determine premium rates, so we’ll go over the auto insurance companies with the overall best prices in Long Beach, CA. It’s important that you understand California auto insurance rates are influenced by many factors which can substantially change the price you have to pay. This price variation is why California drivers need to compare many different companies to get the best auto insurance quotes for unemployed drivers. Insurance prices can be altered by many factors and can change without notice, so the best option two years ago may now be quite expensive.
Best Auto Insurance Prices for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Wawanesa | $1,146 |
| 3 | CSAA | $1,186 |
| 4 | Century National | $1,190 |
| 5 | Nationwide | $1,226 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,447 |
| 8 | Mercury | $1,488 |
| 9 | Progressive | $1,512 |
| 10 | GEICO | $1,513 |
| 11 | Allstate | $1,513 |
| 12 | Allied | $1,588 |
| 13 | MetLife | $1,638 |
| 14 | The Hartford | $1,639 |
| 15 | State Farm | $1,682 |
| 16 | Unitrin | $1,682 |
| 17 | Esurance | $1,739 |
| 18 | Bristol West | $1,831 |
| 19 | Travelers | $1,860 |
| 20 | Farmers | $1,946 |
| Find Your Rate Go | ||
USAA offers some of the most affordable car insurance rates in Long Beach at around $1,109 per year. Wawanesa, CSAA, Century National, and Nationwide would also be considered some of the more affordable Long Beach, CA insurance companies.
As the rates illustrate above, if you currently have coverage with Century National and switched to Wawanesa, you might see yearly savings of upwards of $44. Customers with Nationwide could save as much as $80 a year, and 21st Century insureds might see rate reductions of $233 a year.
To find out how much you can save, click here or click several companies below for low rates.
Understand that those premium estimates are averages for all insureds and vehicles and are not factoring in an exact location for unemployed drivers. So the insurer that can offer the best rates for your situation may not even be in the list above. That’s why you need to get quotes using your own personal information and vehicle type.
Types of discounts on Long Beach auto insurance
Car insurance companies that sell policies for unemployed drivers may additionally offer policy discounts that could potentially reduce rates by 30% or more if you qualify for them. A few of the larger companies and the discounts they provide are outlined below.
- State Farm offers premium reductions for accident-free, Steer Clear safe driver discount, Drive Safe & Save, driver’s education, good student, good driver, and multiple policy.
- American Family discounts include TimeAway discount, multi-vehicle, bundled insurance, defensive driver, air bags, and good driver.
- AAA offers discounts including anti-theft, pay-in-full, good student, AAA membership discount, multi-policy, good driver, and multi-car.
- GEICO may have discounts that include seat belt use, membership and employees, air bags, federal employee, emergency military deployment, and military active duty.
- Mercury Insurance may offer discounts for location of vehicle, multi-car, good student, annual mileage, accident-free, professional/association, and age of vehicle.
- Farmers Insurance policyholders can earn discounts including distant student, youthful driver, bundle discounts, electronic funds transfer, good student, homeowner, and switch companies.
- Progressive offers discounts for homeowner, multi-policy, continuous coverage, good student, online signing, and multi-vehicle.
The example below visualizes the comparison of insurance costs with and without discounts applied to the premium. The premiums are based on a male driver, a clean driving record, no claims, California state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with defensive driving course, passive restraint, vehicle safety, safe-driver, multiple policy, and claim-free discounts applied. When discounts are factored in, theaverage amount saved on auto insurance for unemployed drivers is 28% or $640.
Liability rates compared to full coverage
Lowering the price of auto insurance is probably important to the majority of drivers, and a good way to find cheap insurance for unemployed drivers is to buy liability only. The example below illustrates the difference between insurance rates with full coverage and liability only. The data is based on no claims, a clean driving record, $100 deductibles, single marital status, and no additional discounts are factored in.
If the expense is averaged for all age categories, comprehensive and collision coverage on your policy costs $2,812 per year over and above liability only. That proposes the question if it’s a good idea to buy full coverage. There is no exact formula to stop buying comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s pretend your vehicle’s book value is $7,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $6,500 after paying your policy deductible. If you are paying in excess of $650 annually for physical damage coverage, then you may need to consider dropping full coverage.
The diagram below demonstrates how choosing different deductibles can raise or lower insurance costs when searching for cheap insurance for unemployed drivers. The premiums are based on a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
In the chart above, a 30-year-old driver could reduce rates by $476 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $718 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could save as much as $1,434 or even more by selecting a higher deductible. If you do decide to increase your deductibles, it is important to have additional funds squirreled away to allow you to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.