I’m sure you’ve seen the catchy commercials from companies like State Farm and Allstate that make promises of dirt cheap rates. So you just need to choose one randomly, right?
Unfortunately, it’s just not that easy, as there are a whole bunch of unknown elements like what level of deductibles you need, your annual mileage driven, whether you are male or female, and the amount of liability coverage you want, that help determine the price you have to pay. This article will cover some of these things and will hopefully give you a good beginning to your search for cheaper coverage.
The type of vehicle you are trying to insure is one of the biggest factors that determines whether or not you can buy low-priced insurance for felons. Vehicles with economical engines, an excellent safety record, or a low likelihood of liability claims will cost substantially less to insure than high performance models. The data below estimates car insurance prices for a number of the more affordable vehicles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$1,150|
|Ford F-150 XLT Super Cab 2WD||$1,261|
|Ford Edge Limited 2WD||$1,302|
|Toyota Camry LE||$1,329|
|Honda CR-V EX 4WD||$1,415|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,492|
|Nissan Rogue SL AWD||$1,497|
|Toyota RAV4 Sport 2WD||$1,521|
|Volkswagen Jetta S 4-Dr Sedan||$1,531|
|Toyota Camry Hybrid||$1,521|
|Ford Explorer Eddie Bauer 2WD||$1,545|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,554|
|Dodge Grand Caravan CV||$1,545|
|Dodge Ram Quad Cab TRX4 Off Road 4WD||$1,548|
|Ford Focus SES 4-Dr Sedan||$1,572|
|Hyundai Elantra Blue 4-Dr Sedan||$1,579|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,591|
|Honda Odyssey EX W/Rear Entertainment||$1,598|
|Chevrolet Malibu LTZ||$1,629|
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Table data does not factor in vehicle garaging location which can influence prices greatly.
By looking at the data, we can expect cars like the Ford Escape, Toyota Prius, Ford F-150, and Ford Edge are most likely going to be some of the most economical vehicles to insure for felons.
For felons, one of the largest criteria that aid in calculating the cost of insurance is where you live. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas areas with less crime or weather claims have the luxury of lower rates.
The following table lists the most expensive places in California for felons in which to purchase auto insurance. Long Beach comes in at #7 with an annual cost of $1,578 for the average insurance policy, which is around $132 each month.
|Rank||City||Premium Per Year|
|Find Cheaper Insurance Go|
Information shown are estimated as the specific garaging location can increase or decrease price quotes greatly.
Figuring out which companies quote the most affordable car insurance rates for felons will require a little more sweat in order to find a policy that fits your budget. Each auto insurer used slightly different criteria for setting rates, so let’s take a look at the most affordable car insurance companies in Long Beach, CA.
Find Cheaper Auto Insurance for Felons
|Rank||Company||Cost Per Year|
|Get a Custom Quote Go|
USAA may have some of the most affordable car insurance rates in Long Beach at around $1,109 annually. This is $542 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also some of the cheapest Long Beach, CA insurance companies.
In the above rates, if you have coverage with Century National and switched to USAA, you might realize a yearly savings of about $69. Customers with CSAA might save as much as $125 a year, and Nationwide insureds might realize rate reductions of up to $141 a year.
To see if you’re overpaying, click here or click several companies below for low rates.
Bear in mind that those estimates are averaged across all types of insureds and vehicles and and are not figured with an exact zip code location for felons. So the car insurance company that is most affordable for your situation may not even be in the list above. That emphasizes why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
The illustration below shows how different deductible levels can raise or lower insurance rates when searching for cheap insurance for felons. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could lower rates by $410 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $616 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could save $1,190 or even more by using higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it will now be necessary to have enough spare savings to allow you to pay the extra out-of-pocket expense that comes with higher deductibles.
Full coverage rates compared to liability only
Reducing the cost of car insurance is important to the majority of vehicle owners, and one great way to find cheaper insurance for felons is to buy only liability coverage. The diagram below visualizes the comparison of insurance costs with liability coverage only compared to full coverage. The prices are based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are applied.
As an average, full coverage on your policy costs $2,812 per year more than carrying just liability coverage. Many drivers may wonder if buying full coverage is a waste of money. There is no exact rule of when to stop paying for comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s replacement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $10,000 after paying your deductible. If it’s costing in excess of $1,000 a year for physical damage coverage, then you might consider buying liability only.
Get discounts on Long Beach auto insurance
Insurance companies that offer coverage for felons could also offer premium discounts that can reduce rates by as much as 25% or more if you are eligible. A few popular companies and some of the discounts are included below.
- Progressive offers discounts including good student, online quote discount, online signing, continuous coverage, and homeowner.
- GEICO may offer discounts for driver training, membership and employees, emergency military deployment, anti-theft, and seat belt use.
- State Farm has savings for good driver, multiple policy, multiple autos, student away at school, Steer Clear safe driver discount, and passive restraint.
- Esurance may have discounts that include Switch & Save, homeowner, anti-lock brakes, multi-car, multi-policy, and anti-theft.
- The Hartford includes discounts for good student, defensive driver, bundle, air bag, and anti-theft.
The illustration below illustrates the comparison of annual premium costs with and without some available policy discounts. The rates are based on a male driver, no violations or claims, California state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with accident-free, anti-theft, homeowner, claim-free, passive restraint, and safe-driver discounts applied. In this example, theaverage yearly reduction on car insurance for felons is 28% or $576.
The importance of comparing Long Beach car insurance rates
California car insurance rates are determined by lots of factors that can increase the cost of your policy. Simply turning a year older, having a teen driver, or getting a speeding ticket may generate price changes that can now make some companies more affordable than others.
In addition to those changes, insurers change rates as often as every three months to reflect underwriting profits or losses. Significantly higher losses may result in rate increases, while long-term profits may result in cheaper Long Beach car insurance rates.
The chart below shows the company with the cheapest car insurance in Long Beach, CA for a 35-year-old male driver with no accidents or violations, and good credit. If we look at prices based on his current risk profile, USAA might quote the most affordable car insurance rates in Long Beach at $1,335 per year. This is $316 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide round out the rest of the top five cheapest Long Beach, CA auto insurance companies.
The next chart shows rates after we give the driver from above a claim, a little lower credit rating, and a traffic ticket or two. Since every insurance provider uses their own calculation to set policy rates, getting updated rate quotes most likely will result in a different ranking of the cheapest Long Beach car insurance companies as shown below.
Grange now has the best car insurance rate in Long Beach, CA with Progressive, GEICO, Mercury, and Allied now being in the top five. This example demonstrates why California drivers need to do a thorough rate comparison to get the lowest car insurance rates for felons. Auto insurance prices can be altered by many factors and change frequently, so the cheapest company six months ago may now be one of the more expensive options.