Expensive insurance in Eureka can take a big chunk out of your monthly budget and put the squeeze on your family's finances. Getting a rate comparison can be a smart way to lower your bills every month.
It's amazing but the majority of drivers have remained with the same insurance company for well over three years, and approximately 38% of consumers have never even compared rates from other companies. Many drivers in America can cut their rates by almost 47% a year by just comparing quotes, but most undervalue the benefits if they switched to a cheaper policy.
Due to the large number of insurance companies to choose from, it can be challenging to locate a lower cost insurer.
Finding the best coverage in Eureka is actually quite simple. Virtually everyone who compares rate quotes for car insurance most likely will be able to cut their insurance bill. But California consumers need to have an understanding of the methods companies use to calculate your car insurance rates and take advantage of how the system works.
Discounts for cheaper car insurance quotes
The price of auto insurance can be rather high, but you might be missing out on some discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically at the time of purchase, but some must be specially asked for prior to getting the savings. If you do not check that you are getting every discount you qualify for, you are throwing money away.
- E-sign Discounts - A handful of car insurance companies provide a small discount for buying your policy on your computer.
- First Accident Forgiveness - This isn't a discount exactly, but a handful of insurance companies allow you one accident without getting socked with a rate hike if you have no claims before the accident.
- Government Employees - Active or former government employment can save as much as 8% with some car insurance companies.
- Good Driver Discount - Accident-free drivers may receive a discount up to 45% compared to rates paid by drivers with frequent claims.
- Anti-lock Brake System - Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents so you can save 10 percent or more.
As a footnote on discounts, some credits don't apply to the overall cost of the policy. Some only reduce individual premiums such as physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, it's just not the way it works. But all discounts will positively reduce the cost of coverage.
To see a list of insurance companies that offer the discounts shown above in Eureka, follow this link.
Finding car insurance in Eureka, CA
All the larger car insurance companies provide coverage price quotes directly from their websites. The process is quite easy as you simply type in your required coverages on the page. Once you submit the form, the company's rating system pulls reports for credit and driving violations and returns a price quote based on the information you submitted. Using the web to get price quotes makes it simple to compare prices and it's necessary to compare as many rates as possible if you want to find the lowest payment.
To compare pricing, compare rate quotes from the providers shown below. If you have your current policy handy, we recommend you replicate the coverages as shown on your current policy. This guarantees you will have rate comparison quotes using the exact same coverages.
The car insurance companies shown below offer price comparisons in California. If your goal is to find cheaper auto insurance in California, we recommend you compare several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Impala LTZ||$1,552||$776||$129|
|Chevrolet Malibu Hybrid||$1,172||$586||$98|
|Chevrolet Silverado LS Crew Cab 2WD||$1,592||$796||$133|
|Dodge Ram Crew Cab SLT 4WD||$1,372||$686||$114|
|Ford Edge SEL AWD||$1,158||$579||$97|
|Ford Escape XLS 4WD||$1,324||$662||$110|
|Ford F-150 XL Crew Cab 2WD||$1,104||$552||$92|
|Ford Focus SES 4-Dr Sedan||$1,256||$628||$105|
|GMC Sierra Denali Crew Cab 2WD||$1,516||$758||$126|
|Honda Accord LX-P 4-Dr Sedan||$868||$434||$72|
|Honda CR-V EX-L 4WD||$1,200||$600||$100|
|Honda Civic LX 4-Dr Sedan||$1,256||$628||$105|
|Hyundai Elantra GLS Touring Station Wagon||$1,602||$801||$134|
|Hyundai Sonata Limited 4-Dr Sedan||$2,178||$1,089||$182|
|Jeep Grand Cherokee SRT-8 4WD||$1,260||$630||$105|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$1,458||$729||$122|
|Mazda 3 I Touring 4-Dr Sedan||$1,202||$601||$100|
|Nissan Altima 3.5 SR 2-Dr Coupe||$1,616||$808||$135|
|Toyota Camry Hybrid||$2,006||$1,003||$167|
|Toyota Corolla LE||$1,648||$824||$137|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Premium costs do not factor in Eureka location which can alter coverage rates substantially.
Full coverage rates compared to liability only
The illustration below illustrates the comparison of Dodge Ram car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on a clean driving record, no claims, $250 deductibles, married male driver, and no other discounts are factored in.
Dodge Ram rates are for example purposes only. To get rates for your specific vehicle, click here.
When to stop buying full coverage
There isn't a steadfast formula for phasing out comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let's assume your Dodge Ram replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the deductible is paid. If you are paying more than $200 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some cases where eliminating full coverage is not advised. If you haven't paid off your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
Raise deductibles and save
The chart below illustrates how your deductible choice and can raise or lower Chevrolet Malibu yearly insurance costs for each age group. The price estimates are based on a married male driver, full physical damage coverage, and no discounts are applied.
Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.
Choices you make can reduce your premiums
Many different elements are part of the equation when you quote your car insurance policy. Most are fairly basic like your driving record, but others are more obscure such as your marital status or your commute time.
Use credit responsibly and save - An insured's credit rating factor in your rate calculation. Insureds that have excellent credit tend to file fewer claims than drivers who have worse credit. Therefore, if your credit is lower than you'd like, you could save money insuring your vehicle if you clean up your credit.
Long commutes cost more - The more you drive annually the more you'll pay to insure your vehicle. Many insurance companies price each vehicle's coverage based on their usage. Autos that are left in the garage can get a lower rate than vehicles that are driven to work every day. It's a good idea to make sure your declarations sheet correctly shows the proper vehicle usage.
Insurance companies don't like frequent policy claims - If you tend to file frequent claims, you can expect higher rates. Auto insurance companies in California award better rates to policyholders who only file infrequent claims. Your insurance policy is intended for more catestrophic claims.
Premiums may be higher where you live - Having an address in less populated areas has definite advantages when buying car insurance. Fewer drivers and short commutes means less chance of accidents in addition to fewer liability claims. Residents of big cities have more auto accidents and longer commutes to work. More time behind the wheel means more chance of being in an accident.
Alarms and GPS tracking lowers prices - Buying a car with an alarm system can help lower your rates. Anti-theft features like GM's OnStar, tamper alarm systems and vehicle immobilizers all help stop car theft and help bring rates down.
Driving citations cost more than a fine - Your driving record impacts premiums far more than you think. Attentive drivers get better prices compared to drivers with tickets. Even a single speeding ticket can increase rates by as much as twenty percent. People who have flagrant violations such as DWI, reckless driving or hit and run convictions may find they need to prove financial responsibility to the state department of motor vehicles in order to keep their license.
Auto insurance is not optional
Even though it's not necessarily cheap to insure a vehicle in Eureka, insurance is required in California but it also protects you in many ways.
- Almost all states have minimum liability requirements which means the state requires a minimum amount of liability insurance coverage in order to get the vehicle licensed. 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 took out a loan on your vehicle, most banks will require you to buy full coverage to guarantee loan repayment. If you let the policy lapse, the lender may have to buy a policy to insure your vehicle at a much higher rate and require you to pay the higher premium.
- Auto insurance protects not only your car but also your assets. It will also pay for medical transport and hospital expenses incurred in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you have damage to your vehicle as the result of the weather or an accident, comprehensive and collision coverage will pay to repair the damage.
The benefits of carrying adequate insurance more than offset the price you pay, particularly if you ever have a claim. Today the average American driver is overpaying over $830 a year so we recommend shopping around once a year at a minimum to ensure rates are competitive.
One last thing to lower rates
Throughout this article, we presented quite a bit of information on how to lower your insurance premium rates in Eureka. The most important thing to understand is the more quotes you get, the better your comparison will be. You may even find the best price on insurance is with the least-expected company. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like GEICO and State Farm.
Cheap insurance in Eureka is attainable on the web and with local Eureka insurance agents, so you should be comparing quotes from both so you have a total pricing picture. A few companies may not have rate quotes online and most of the time these small, regional companies provide coverage only through local independent agencies.
To learn more, link through to these articles:
- Understanding your Policy (NAIC.org)
- What is the Cheapest Car Insurance in Chula Vista, California? (FAQ)
- Who Has Affordable California Auto Insurance for a Toyota RAV4? (FAQ)
- How Much are Car Insurance Quotes for Seniors in California? (FAQ)
- Side Impact Crash Tests (iihs.org)
- Top Signs Your Brakes are Giving Out (State Farm)
- What if I Can't Find Coverage? (Insurance Information Institute)