Find the Cheapest Car Insurance Quotes in Your Area
Drivers in Los Angeles (LA) pay an average of $2,509 per year for auto insurance, and costs can vary by as much as 500% depending on your insurance provider. In this article, we will detail which companies offer the lowest rates and what the minimum insurance requirements are for drivers living in ‘The City of Angels’. As always, we recommend you shop around and obtain multiple quotes to find the coverage best-suited for your personal needs as that is the only way to find the cheapest rates, whether you live in LA or anywhere else in the country.
In our survey of Los Angeles auto insurers, we find that Everest National consistently provides the most affordable premiums compared to other companies in the area. On the flip side, Viking, Liberty Mutual and Bankers Standard offer some of LA’s most expensive quotes. Keep in mind that cost is just one dimension to consider when it comes to choosing an insurance company. You should also consider each company’s customer service, user ratings and claims process. For example, having a cheap insurer is great, but if you file a claim and have difficulty getting a payout, you may regret your choice down the line.The table below shows the average annual premiums for all the companies included in our survey, ordered from least to most expensive.
Average Annual Insurance Premium
Horace Mann Prop and Cas
Government Employees Ins Co
Pacific Property & Casualty
Nations Ins. Co.
United Financial Cas (Progressive)
Federal Ins (CHUBB)
You should note that the above car insurance quotes were obtained using a sample driver profile in LA (see our methodology section). Therefore, while the actual dollar amount should be different from the quote you receive, the relative difference in price between these insurers will, for the most part, remain consistent. If you live in Los Angeles and want to find the lowest car insurance premium possible, you should obtain quotes from at least 5 of the insurers on our list.
Average Car Insurance Rates Throughout Los Angeles
We also decided to take a look at how auto insurance prices varied throughout Los Angles. The table below is ordered alphabetically, so you can simply look up your specific location to see how it compares to other parts of the city.
Average Annual Premium
LA-echo Park-silver Lake
LA-mar Vista Culver City
Rancho Palos Verde
What Are The Cheapest Cars to Insure?
One of the major factors influencing how much your insurance costs is the type of car you drive. We took a look at a few car makes and models to compare quotes from insurers for drivers in LA. While you’re unlikely to choose a car based on how cheap its insurance will end up being, we think it’s interesting for readers to know how the relative price differs between these cars. In the long-run, picking one car over another can end up costing, or saving, you tens of thousands of dollars over the years.Generally, some cars are more expensive to insure than others because their replacement costs are much higher. They may have state-of-the-art computer systems or luxury parts that are more expensive for insurers to cover in the event that they’re damaged in an accident. However, replacement costs don’t tend to influence the total cost of insurance as significantly as one might think. The largest contributing factor to your cost is your risk profile. Insurance companies have to hedge against the liability of taking you on as a customer and they’ll assess the likelihood that you get into an accident and update those odds as time goes on. Your risk profile is based on a wide array of attributes such as your age, your past number of moving violations, your previously filed insurance claims and more.
California Auto Insurance Requirements
The lower your insurance coverage limits, the cheaper your premium. Drivers in Los Angeles must adhere to minimum insurance requirements as dictated by the state of California. This minimum coverage exists to protect other drivers. Should you get into an accident, the state wants you to have enough insurance coverage to pay for any medical and property costs that the other party may incur. Below you’ll find the minimum insurance requirement for Los Angeles drivers:
$15,000 for injury/death to one person.
$30,000 for injury/death to more than one person.
$5,000 for damage to property.
If you can afford it, we strongly recommend you take out more than the bare minimum. Should you get into a particularly bad accident, your insurance is what protects you against expensive court costs and lawsuits. Hedge against these risks by opting for a higher coverage limit. Therefore, it would be a good idea for you to take stock of your finances and figure out how much insurance you can comfortably afford above minimal costs. Generally, it’s recommended you get liability coverage that equals your net worth, which is the total value of your assets minus the sum of your loan debts.
This guide was created with data supplied by the California Department of Insurance. We collected quotes for a sample driver profile and calculated averages for localities throughout the United States. Here is the specific driver profile we used in our analysis of Los Angeles car insurance rates: