A study showed that the vast majority of auto insurance customers kept their coverage with the same auto insurance company for well over three years, and virtually 40% of consumers have never compared rates to find lower-cost insurance. With the average premium in California being $1,387, drivers can cut their rates by 35% a year, but most undervalue how much money they would save if they bought a different policy.
To save the most money, the best way to find more affordable Tesla Model X insurance in Long Beach is to start comparing prices regularly from providers in California.
- Read and learn about how insurance works and the changes you can make to prevent expensive coverage. Many things that result in higher rates such as your driving record and poor credit history can be controlled by being financially responsible and driving safely.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like Progressive or State Farm, while independent agents can quote rates for a wide range of insurance providers.
- Compare the new rate quotes to the price on your current policy to see if you can save by switching companies. If you can save some money and switch companies, make sure there is no coverage gap between policies.
An important part of this process is to try to use similar deductibles and liability limits on each quote and and to look at as many carriers as you can. This enables a level playing field and the best price selection.
Locating the most cost-effective auto insurance policy in Long Beach is really not that difficult. In essence, every car owner who needs cheaper auto insurance should find a lower-cost policy. Nevertheless, California vehicle owners can benefit by having an understanding of how big insurance companies compete online and use it to your advantage.
Just keep in mind that getting more free quotes gives you a better chance of getting the best offered rates. Some smaller insurers do not give price estimates online, so you should also compare prices from the smaller companies as well.
The companies shown below provide free rate quotes in California. If you want to find cheap car insurance in Long Beach, it’s a good idea that you visit as many as you can to get the best price comparison.
It may be expensive, but it’s not optional
Despite the high insurance cost for a Tesla Model X in Long Beach, insurance is required for several reasons.
First, most states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability protection if you drive a vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you have a loan on your vehicle, almost all lenders will make it mandatory that you buy insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Tesla at a more expensive rate and require you to fork over for the much more expensive policy.
Third, insurance safeguards not only your Tesla but also your assets. It will also provide coverage for most medical and hospital costs that are the result of an accident. Liability insurance also covers all legal expenses up to the policy limit if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car are without a doubt worth the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver is overpaying more than $820 a year so we recommend shopping around at least once a year to make sure the price is not too high.
Information about specific coverages
Understanding the coverages of your auto insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage provide coverage for expenses for pain medications, nursing services, surgery, rehabilitation expenses and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay
Auto collision coverage
This coverage covers damage to your Model X from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like rolling your car, hitting a parking meter, hitting a mailbox, colliding with another moving vehicle and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from older vehicles. You can also choose a higher deductible on your Model X to get cheaper collision coverage.
This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like theft, damage from flooding, hail damage, fire damage and vandalism. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and damage to your Tesla Model X.
Since many California drivers only carry the minimum required liability limits (which is 15/30/5), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.
This coverage can cover injuries or damage you cause to other people or property in an accident. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 15/30/5 which means a $15,000 limit per person for injuries, a limit of $30,000 in injury protection per accident, and a total limit of $5,000 for damage to vehicles and property.
Liability coverage pays for things such as bail bonds, pain and suffering, funeral expenses and legal defense fees. How much coverage you buy is your choice, but buy as large an amount as possible. California requires drivers to carry at least 15/30/5 but drivers should carry more liability than the minimum.
The next chart shows why minimum state limits may not be high enough to cover claims.
California car insurance companies ranked
Buying coverage from a high-quality auto insurance company can be difficult considering how many different companies insure vehicles in Long Beach. The ranking data in the lists below can help you analyze which insurers to look at when shopping around.
Top 10 Long Beach Car Insurance Companies Ranked by Claims Service
- AAA of Southern California
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
Top 10 Long Beach Car Insurance Companies Overall
- American Family
- AAA of Southern California
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
Cheaper auto insurance rates are out there
You just learned a lot of ways to find cheap Tesla Model X insurance in Long Beach. The most important thing to understand is the more times you quote, the better your chances of lowering your car insurance rates. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising.
Lower-priced auto insurance in Long Beach is definitely available both online in addition to local insurance agencies, so get free Long Beach auto insurance quotes from both of them in order to have the best chance of saving money. Some insurance providers may not offer price quotes online and most of the time these regional carriers provide coverage only through independent insurance agencies.
People leave their current company for many reasons like questionable increases in premium, delays in paying claims, lack of trust in their agent and even denial of a claim. Whatever your reason, finding a great new company is pretty easy and you might even save some money in the process.
To learn more, feel free to browse the articles below:
- What to do at the Scene of an Accident (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Rates for Safe Drivers in Long Beach? (FAQ)
- Teen Driver Statistics (Insurance Information Institute)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Drunk Driving Statistics (Insurance Information Institute)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)