Pretty sure you bought an underperforming, overpriced insurance policy? Trust us, you're not the only one.

Amazingly, most insurance buyers kept buying from the same company for more than four years, and almost 40% of drivers have never even shopped around for cheap coverage. California insurance shoppers could save as much as $469 a year just by shopping around, but most tend to underestimate the benefits if they switched to a more affordable policy.

There is such a variety of car insurance companies to insure vehicles with, and although it's nice to have multiple companies, so many choices can make it hard to find the best rates.

You should make it a habit to do price comparisons occasionally since insurance prices change quite often. Despite the fact that you may have had the lowest rate on insurance at your last renewal you will most likely find a better premium rate today. There are a lot of ways to save on insurance on the internet, but by reading this article, you're going to learn some proven techniques to quit paying high insurance rates in Artesia.

Learn how to lower your insurance premiums

Multiple criteria are taken into consideration when quoting car insurance. A few of the factors are predictable such as your driving record, although others are not as apparent such as your credit history or your commute time. It's important that you understand some of the elements that aid in calculating the price you pay for insurance. When you understand what determines base rates, this allows you to make educated decisions that can help you get much lower annual insurance costs.

Listed below are a partial list of the pieces insurance companies consider when setting your prices.

Rates may be lower depending on your occupation - Occupations like fire fighters, airline pilots, and financial analysts generally have higher rates than the rest of us because of intense work-related stress and extremely grueling work hours. Conversely, occupations like actors, engineers and performers have lower than average premiums.

Extra coverages can cost a lot - There are a ton of optional add-on coverages that you can buy if you aren't careful. Things like replacement cost coverage, accident forgiveness, and extra equipment coverage could be just wasting money. They may sound like good ideas when discussing your needs, but your money might be better spent on other coverage so eliminate them to save money.

Poor credit rating equals high rates - Having a bad credit history is likely to be a major factor in calculating your insurance rates. Insureds with good credit tend to be less risk to insure as compared to drivers with bad credit. So if your credit rating leaves room for improvement, you could potentially save money when insuring your vehicle by taking the time to improve your credit score.

Big cities have higher premiums - Being located in less populated areas of the country has definite advantages when insuring your vehicles. Fewer drivers and short commutes corresponds to lower accident rates in addition to fewer liability claims. City drivers tend to have more traffic problems and much longer commute distances. More time behind the wheel means more chances of being involved in an auto accident.

High coverage deductibles lower costs - Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some examples of covered claims are colliding with a building, flood damage, and burglary. Comprehensive and collision coverage deductibles represent how much money you are required to spend out-of-pocket if a claim is determined to be covered. The more expense you choose to pay out-of-pocket, the lower your rates will be.

Cheaper premiums with safer cars - Safer cars tend to have lower insurance rates. Vehicles engineered for safety reduce occupant injuries and reduced instances of injuries translates directly to fewer claims and thus lower rates. If your vehicle has at least four stars on Safercar.gov or an "acceptable" rating on iihs.org you may pay a lower rate.

With age comes responsibility - Mature drivers are shown to be more cautious, cost insurance companies less in claims, and are generally more financially stable.Young drivers are statistically shown to be easily distracted when driving and because of this, their insurance rates are much higher.

Insurance companies don't like frequent insurance claims - Auto insurance companies in California provide the lowest premiums to insureds who do not file claims often. If you file a lot of claims you can expect higher premiums or even policy non-renewal. Insurance coverage is intended for claims that pose a financial burden.

Many insurance companies make it easy to get prices for coverage directly from their websites. Doing online quotes can be done by anyone as you simply type in the amount of coverage you want into the quote form. Upon sending the form, their system collects reports for credit and driving violations and quotes a price based on many factors. The ability to get online quotes makes comparing rates easy, and it is imperative to perform this step in order to get lower-cost prices.

In order to find out if lower rates are available, compare rate quotes from the providers shown below. If you have a policy now, it's recommended that you enter the coverages exactly as shown on your declarations page. This helps ensure you are getting a price comparison using the same coverage and limits.

The car insurance companies shown below offer comparison quotes in Artesia, CA. To buy cheaper auto insurance in California, we suggest you visit several of them in order to find the cheapest rates.

Insurance Rates for Popular Vehicles in Artesia
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LT AWD $1,372 $686 $114
Chevrolet Impala LT $1,896 $948 $158
Chevrolet Silverado LTZ Extended Cab 4WD $2,072 $1,036 $173
Dodge Ram Quad Cab Laramie 4WD $2,352 $1,176 $196
Ford Escape XLS 4WD $1,028 $514 $86
Ford F-150 Lariat Crew Cab 2WD $1,548 $774 $129
Ford Focus S 4-Dr Sedan $1,342 $671 $112
Ford Fusion SE 4-Dr Sedan $1,830 $915 $153
Honda Accord LX-P 4-Dr Sedan $1,322 $661 $110
Honda CR-V EX 2WD $1,602 $801 $134
Honda Civic EX 4-Dr Sedan $1,256 $628 $105
Hyundai Elantra SE Touring Station Wagon $1,640 $820 $137
Hyundai Sonata SE 4-Dr Sedan $1,312 $656 $109
Nissan Altima 2.5 S 2-Dr Coupe $1,704 $852 $142
Toyota Camry LE $1,490 $745 $124
Toyota Corolla XLE $1,080 $540 $90
Toyota Prius $1,278 $639 $107
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,498 $749 $125
Volkswagen Jetta SE 2.5 Station Wagon $1,774 $887 $148
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Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in specific zip code location which can change prices considerably.

Impact of age and gender on car insurance rates

The illustration below illustrates the comparison of insurance costs for male and female drivers in Artesia. The data is based on no claims or driving citations, comp and collision included, $1,000 deductibles, single marital status, and no discounts are applied to the premium on a Honda Accord LX-S.

Honda Accord rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Liability only or full coverage

The illustration below illustrates the comparison of Ford Fusion car insurance costs when comparing full coverage to liability only. The data assumes no claims or driving citations, $1,000 deductibles, single female driver, and no other discounts are factored in.

Ford Fusion rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop buying full coverage

There is no set guideline of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let's pretend your Ford Fusion replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after paying your deductible. If premiums are more than $400 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are a few cases where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Policy deductibles

When buying car insurance, a common question is how low should you set your deductibles. The comparison tables below summarize the rate differences when you select higher and lower insurance deductibles. The first rate comparisons uses a $250 deductible and the second price chart uses a $500 deductible.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Honda Accord insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $298 $472 $376 $22 $112 $1,305 $109
Accord LX 4-Dr Sedan $298 $472 $376 $22 $112 $1,305 $109
Accord EX 4-Dr Sedan $298 $472 $376 $22 $112 $1,305 $109
Accord LX-P 4-Dr Sedan $298 $472 $376 $22 $112 $1,305 $109
Accord LX-P 4-Dr Sedan $298 $472 $376 $22 $112 $1,305 $109
Accord EX-L 4-Dr Sedan $342 $576 $376 $22 $112 $1,453 $121
Accord EX 2-Dr Coupe $342 $678 $500 $30 $150 $1,725 $144
Accord LX-S 2-Dr Coupe $342 $678 $500 $30 $150 $1,725 $144
Accord EX-L 2-Dr Coupe $386 $678 $500 $30 $150 $1,769 $147
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Honda Accord insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Accord LX 4-Dr Sedan $242 $382 $376 $22 $112 $1,134 $95
Accord LX 4-Dr Sedan $242 $382 $376 $22 $112 $1,134 $95
Accord EX 4-Dr Sedan $242 $382 $376 $22 $112 $1,134 $95
Accord LX-P 4-Dr Sedan $242 $382 $376 $22 $112 $1,134 $95
Accord LX-P 4-Dr Sedan $242 $382 $376 $22 $112 $1,134 $95
Accord EX-L 4-Dr Sedan $278 $464 $376 $22 $112 $1,252 $104
Accord EX 2-Dr Coupe $278 $546 $500 $30 $150 $1,504 $125
Accord LX-S 2-Dr Coupe $278 $546 $500 $30 $150 $1,504 $125
Accord EX-L 2-Dr Coupe $314 $546 $500 $30 $150 $1,540 $128
Get a Quote for Your Vehicle Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rate information does not factor in specific garaging location which can increase or decrease rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $16 more each month or $192 annually than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 16 months between claims, you would most likely save money by selecting a higher deductible.

Calculate deductible break even point

Average monthly premium for $250 deductibles: $122
Average monthly premium for $500 deductibles (subtract): - $106
Monthly savings from raising deductible: $16
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

One important note is that raising deductibles means you will have to pay more out-of-pocket at claim time. That will require some savings in the bank in the event you have to pay more for the deductible.

Three reasons insurance is important

Even though it's not necessarily cheap to insure a vehicle in Artesia, buying insurance is mandatory in California but it also protects more than you think.

The benefits of having insurance are definitely more than the cost, especially with large liability claims. But the average American driver overpays more than $865 each year so it's important to compare rates at every policy renewal to ensure rates are competitive.

You may qualify for discounts

The cost of insuring your cars can be expensive, but there could be significant discounts that you may not know about. Certain credits will be shown when you purchase, but once in a while a discount must be asked about before you will receive the discount.Save money with discounts

Discounts lower rates, but many deductions do not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability, collision or medical payments. Despite the appearance that you would end up receiving a 100% discount, it just doesn't work that way.

Some of the insurance companies that may offer quotes with these discounts are:

It's a good idea to ask every insurance company which discounts you qualify for. A few discounts may not apply in Artesia.

Best and worst vehicle claim statistics

Are you driving a statistically high-claim vehicle? The claim statistics below show the highest and lowest makes and models for overall likelihood of having claims orgainized by coverage.

Lowest and Highest Liability Insurance Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Subaru Forester Dodge Charger
Volvo XC60 Kia Optima
Chevrolet Corvette Mitsubishi Lancer
Fiat 500 Kia Rio
Mercedes-Benz SL Class Mitsubishi Mirage
Subaru Outback Chrysler 200

Statistics from IIHS.org for 2013-2015 Model Years

Manufacturer Models with the Lowest and Highest Comprehensive Insurance Claims
Lowest Overall Losses Highest Overall Losses
Ford F-350 Bentley Continental GTC
GMC Sierra 2500 Maserati Quattroporte
Infiniti QX50 BMW M6
Nissan Leaf Maserati Granturismo
Nissan Xterra Porsche Panamera GTS
Chevy Silverado 2500 Bentley Continental GT

Statistics from IIHS.org for 2013-2015 Model Years

Car Insurance Collision Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Jeep Wrangler Ferrari 458
Ford F-250 SuperCab Maserati Ghibli
Ford Edge Maserati Granturismo
Ford F-150 SuperCrew BMW M6
GMC Canyon BMW 6 Series
Chevrolet Colorado Nissan GT-R

Statistics from IIHS.org for 2013-2015 Model Years

Medical Payment Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Ford F-250 SuperCrew Mitsubishi Mirage
Tesla Model S Chevrolet Sonic
Chevrolet Corvette Nissan Versa
Audi A4 Allroad Kia Forte
Chevrolet Silverado 2500 Chrysler 200
Ford Expedition Hyundai Accent

Statistics from IIHS.org for 2013-2015 Model Years

You can lower your car insurance rates

In this article, we presented many tips how you can save on car insurance in Artesia. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. You may even discover the best prices are with a company that doesn't do a lot of advertising. These companies may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.

There are still a few companies who may not provide rates over the internet and these regional insurance providers work with independent insurance agents. Lower-priced car insurance in Artesia is definitely available on the web and also from your neighborhood Artesia agents, and you need to comparison shop both in order to have the best chance of saving money.

Additional information is available at the links below