Are you regretting the purchase of an overpriced car insurance policy? You're preaching to the choir because there are many San Marcos drivers thinking the same thing.
Shockingly, most consumers have purchased from the same company for four years or more, and roughly 40% of drivers have never even compared rates from other companies. Many drivers in California could save themselves nearly 35% a year just by shopping around, but most just don't grasp the large savings they would see if they moved their coverage to a different company. With so many companies and agents to choose from, it's difficult to locate the most affordable car insurance provider.
It's a great practice to shop coverage around yearly because car insurance prices tend to go up over time. Even if you think you had the lowest rate on car insurance two years ago a different company probably has better premium rates today. You can find a lot of information about car insurance online, but in just a couple of minutes you can learn the best ways to find cheap car insurance in San Marcos.
Finding quotes for more affordable policy in San Marcos is not as confusing as people think. If you have a policy now or just want a better rate, you can follow these tips to reduce premiums while maximizing coverage. Vehicle owners only need an understanding of the proper methods to get comparison quotes from multiple carriers.
Most of the larger companies provide coverage prices directly from their websites. Getting online rates is fairly straightforward as you simply type in the amount of coverage you want as detailed in the form. Behind the scenes, the system pulls reports for credit and driving violations and gives you a price quote determined by many factors. Getting online rate quotes makes it easy to compare insurance prices and it's absolutely necessary to do this if you want to get the cheapest price.
In order to use this form to compare rates, consider comparing rates from the companies shown below. If you have coverage now, it's recommended you duplicate deductibles and limits identical to your current policy. Using the same limits helps guarantee you are getting an apples-to-apples comparison using the exact same coverages.
The auto insurance companies shown below are ready to provide free rate quotes in California. In order to find the cheapest auto insurance in California, it's a good idea that you click on several of them in order to find the lowest rates.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Malibu LT||$1,200||$600||$100|
|Chevrolet Silverado LS Crew Cab 2WD||$1,672||$836||$139|
|Dodge Ram Quad Cab Laramie 2WD||$1,196||$598||$100|
|Ford Escape Limited 4WD||$1,636||$818||$136|
|Ford F-150 Lariat King Ranch 2WD||$1,690||$845||$141|
|Ford Focus SEL 4-Dr Sedan||$1,634||$817||$136|
|Ford Fusion Sport AWD 4-Dr Sedan||$1,382||$691||$115|
|Honda Accord EX-L 2-Dr Coupe||$1,730||$865||$144|
|Honda CR-V EX-L 4WD||$1,360||$680||$113|
|Honda Civic SI 2-Dr Coupe||$2,238||$1,119||$187|
|Kia Optima SX||$1,306||$653||$109|
|Mazda 3 S Grand Touring 4-Dr Sedan||$1,450||$725||$121|
|Nissan Altima 2.5 4-Dr Sedan||$1,388||$694||$116|
|Toyota Camry XLE||$1,874||$937||$156|
|Toyota Corolla LE||$1,638||$819||$137|
|Get Your Own Custom Quote Go|
Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rate quotes do not factor in specific location which can affect premium rates greatly.
Cost of full coverage
The diagram below illustrates the comparison of Ford Focus insurance rates with and without physical damage coverage. The costs are based on no violations or claims, $100 deductibles, married female driver, and no additional discounts are factored in.
Ford Focus rates are for example purposes only. To get rates for your specific vehicle, click here.
Guidelines for dropping full coverage
There is no exact rule to drop full coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let's assume your Ford Focus claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after paying your deductible. If it's costing you more than $200 a year to have full coverage, then you may want to consider only buying liability coverage.
There are a few situations where dropping full coverage is not a good plan. If you haven't satisfied your loan, you have to carry full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Physical damage deductible comparison
When comparing auto insurance rates, the most common question is which comprehensive and collision deductibles to buy. The comparisons below lay out the rate differences when you select higher and lower policy deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second price grid uses a $500 deductible.
Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get a Quote for Your Vehicle Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get a Quote for Your Vehicle Go|
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can impact premium rates considerably.
Using the premium rates above, we can conclude that using a $250 deductible costs roughly $18 more each month or $216 annually than choosing the higher $500 deductible. Since you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 14 months between claim filings, you would probably save some money by selecting a higher deductible. Below is the way you can do this calculation yourself.
|Average monthly premium for $250 deductibles:||$133|
|Average monthly premium for $500 deductibles (subtract):||- $115|
|Monthly savings from raising deductible:||$18|
|Difference between deductibles ($500 - $250):||$250|
|Divide difference by monthly savings:||$250 / $18|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||14 months|
Male drivers compared to female drivers in San Marcos
The chart below visualizes the comparison of auto insurance costs for male and female drivers in San Marcos. The price estimates are based on no claims or driving citations, full coverage, $250 deductibles, drivers are not married, and no additional discounts are factored in on a Ford Escape XLS.
Ford Escape rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
Insurance does more than just protect your car
Despite the potentially high cost of insurance, insurance is not optional due to several reasons.
- Almost all states have mandatory liability insurance requirements which means you are required to carry a minimum amount of liability coverage 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.
- If you have a loan on your vehicle, it's most likely the lender will make it mandatory that you have full coverage to protect their interest in the vehicle. If you do not keep the policy in force, the lender will be forced to insure your vehicle at an extremely high rate and force you to reimburse them for the expensive policy.
- Insurance protects both your assets and your vehicle. Insurance will also pay for medical bills for you, any passengers, and anyone injured in an accident. Liability coverage will also pay to defend you if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of having insurance are definitely more than the cost, especially if you ever need it. Today the average American driver is currently overpaying as much as $810 a year so you should quote and compare rates at every policy renewal to save money.
Why your cost might be higher
When buying auto insurance it's important to understand a few of the rating criteria that are used to determine your policy premiums. If you understand what determines premiums, this enables informed choices that could result in lower auto insurance prices.
The factors shown below are a partial list of the pieces used by companies to determine rates.
Drive lots and pay more - The more miles you rack up on your car annually the higher the price you pay to insure it. Many insurance companies calculate rates based upon how you use the vehicle. Cars and trucks that have low annual miles receive lower rates than those that get driven frequently. It's a smart idea to ensure your policy reflects how each vehicle is driven.
Age of drivers impacts costs - Drivers with little experience are known to be inattentive and easily distracted when behind the wheel therefore auto insurance rates are much higher. Parents adding a young driver to your auto insurance policy can really hurt. More experienced drivers are viewed as being more responsible, tend to cause fewer accidents, and are generally more financially stable.
Careless driving means higher costs - Getting just one citation can bump up the cost by as much as twenty percent. Drivers with clean records receive lower rates as compared to careless drivers. Drivers who have careless tickets like reckless driving or DUI may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to prevent their license from being revoked.
Poor credit history equals high costs - Your credit rating is a big factor in your rate calculation. If your credit rating can be improved, you could be paying less to insure your vehicle if you improve your credit rating. Consumers who have very good credit scores tend to be less risk to insure than those with poor credit scores.
Bundle policies and save - Lots of insurers will award a discount to insureds who buy several policies from them. It's known as a multi-policy discount. Discounts can be ten percent or more. Even with this discount, you may still want to shop around to guarantee you are still saving the most. You may still be able to find lower rates by splitting coverages up.
No auto insurance claims equals cheap prices - Insurance companies in California give most affordable rates to insureds who only file infrequent claims. If you are a frequent claim filer, you can pretty much guarantee increased rates or even have your policy non-renewed. Your car insurance is intended to be relied upon for larger claims.
A lcoverage lapse is a bad thing - Allowing your auto insurance policy to lapse can be a fast way to increase your rates. Not only will you pay higher rates, not being able to provide proof of insurance can result in a steep fine or even jail time.
City traffic equals higher prices - Choosing to live in areas with lower population has it's advantages when trying to find low car insurance rates. Urban drivers have to deal with more auto accidents and much longer commute distances. Less people corresponds to lower accident rates and a lower car theft rate.
Determine discounts on San Marcos insurance
Some companies don't always publicize every policy discount in an easy-to-find place, so here is a list some of the more common as well as some of the hidden savings tricks you should be using when you buy San Marcos auto insurance online. If you check and find you aren't receiving every discount possible, you're paying more than you need to.
- Good Student - A discount for being a good student can earn a discount of 20% or more. Most companies allow this discount up to age 25.
- Discount for Home Ownership - Being a homeowner may trigger a policy discount on insurance because of the fact that having a home is proof that your finances are in order.
- Employee of Federal Government - Active or former government employment can earn a discount up to 10% with select insurance companies.
- Savings for New Vehicles - Putting insurance coverage on a new car can save you some money compared to insuring an older model.
- First Accident Forgiveness - Not necessarily a discount, but certain companies will let one accident slide without the usual rate increase as long as you don't have any claims for a specific time period.
- Bundle and Save - If you can bundle your auto and homeowners insurance and insure them with the same company you will save nearly 15% which can help you find low cost San Marcos auto insurance.
- 55 and Retired - Older drivers could receive a discount up to 10%.
- Professional Organizations - Affiliation with specific professional or occupational memberships or organizations could earn you a nice discount on your next renewal.
One last thing about discounts, some of the credits will not apply to all coverage premiums. Some only apply to specific coverage prices like medical payments or collision. Even though it appears all the discounts add up to a free policy, it doesn't quite work that way.
If you would like to choose from a list of insurance companies with the best discounts in San Marcos, click this link.
Discount car insurance in San Marcos can be found from both online companies in addition to many San Marcos insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance providers do not offer the ability to get a quote online and usually these regional carriers work with local independent agents.
You just learned many tips how you can save on car insurance in San Marcos. The most important thing to understand is the more you quote San Marcos auto insurance, the better your chances of lowering your premium rates. Consumers could even find that the most savings is with an unexpected company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Progressive or GEICO.
- Coverage Information (Progressive Insurance)
- How Much is Car Insurance for Drivers Over Age 70 in California? (FAQ)
- How Much are California Car Insurance Rates for a Toyota Tacoma? (FAQ)
- How to Avoid Staged Accidents (State Farm)
- What are my Rights when Filing a Claim? (Insurance Information Institute)
- Older Driver Statistics (Insurance Information Institute)