Finding good, cheap car insurance is not the easiest thing to accomplish, and determining which companies have the lowest-priced auto insurance rates for welfare recipients may require additional perseverance. Every insurance provider uses their own formula to set premium rates, so let’s rank the auto insurance companies that tend to be cheaper in Fresno, CA.
It’s a good idea to be aware that California auto insurance rates are influenced by many factors that may substantially change the price you pay. Price variation is why it is important to compare as many rates as possible to find the most budget-friendly car insurance quotes for welfare recipients. Rates are calculated by many risk factors and change frequently, so the cheapest option the last time you checked may now be one of the higher cost companies.
Best Auto Insurance Prices in California
|Rank||Company||Cost Per Year|
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USAA has some of the best car insurance rates in Fresno at around $1,109 annually. Wawanesa, Century National, CSAA, and Nationwide also make the cut as some of the cheaper Fresno, CA auto insurance companies.
As depicted above, if you buy coverage from CSAA and switched to Wawanesa, you could see a yearly price reduction of in the neighborhood of $52. Customers with Nationwide may save as much as $117 a year, and 21st Century insureds might lower prices by up to $220 a year.
Bear in mind that those policy rates are averages for all drivers and vehicles in California and do not factor in a specific zip code for welfare recipients. So the auto insurance company that has the lowest price for you may not even be in the top 24 companies in the list above. That is why you need to quote rates from many companies using your own personalized driver profile and vehicle information.
For drivers on welfare, one of the more important components that aid in calculating car insurance rates is your address in Fresno. Areas with a lot of weather claims or more people are more likely to have higher rates, whereas more rural areas have the gratification of cheaper auto insurance rates.
The following table sorts the highest-priced places in California for welfare recipients in which to purchase auto insurance. Fresno ranks #15 with the annual price of $1,502 for the average insured, which is about $125 each month.
|Rank||City||Average Per Year|
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Rates are approximated as vehicle location can modify premium rates substantially.
The car, truck, or SUV you are insuring is a large factor that determines whether or not you find the lowest-priced coverage for welfare recipients. Vehicles with average performance, advanced safety features, or a positive history of liability claims will cost significantly less to insure than higher performance models. The next table shows coverage costs for a number of the cheaper vehicles to insure in California.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLT 4WD||$1,052|
|Honda Odyssey LX||$1,130|
|Dodge Grand Caravan CV||$1,153|
|Honda Accord EX 4-Dr Sedan||$1,181|
|Ford Edge Limited 2WD||$1,192|
|Chevrolet Impala LT||$1,215|
|Chevrolet Malibu LS||$1,220|
|Honda CR-V EX 2WD||$1,261|
|Volkswagen Jetta S 2.5 Station Wagon||$1,280|
|Chevrolet Silverado 2500HD LT Crew Cab 4WD||$1,303|
|Chevrolet Equinox LTZ AWD||$1,308|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,303|
|Hyundai Sonata GLS 4-Dr Sedan||$1,308|
|Dodge Ram Crew Cab SLT 2WD||$1,331|
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Prices do not factor in specific zip code location which can revise auto insurance rates noticeably.
Based upon the table data, vehicles like the Ford Escape, Honda Odyssey, Dodge Grand Caravan, and Honda Accord will be some of the cheaper vehicles to insure for drivers on welfare.
The diagram below demonstrates how deductible levels can affect insurance costs when searching for cheap insurance for welfare recipients. The rates are based on a single male driver, full physical damage coverage, and no policy discounts are applied.
A 40-year-old driver could cut expenses by $362 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $546 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old example, have the ability to save as much as $1,190 or even more by using a higher deductible. If you make the decision to raise deductibles, it will be required to have additional funds in a savings account to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Liability-only versus full coverage
Saving on auto insurance is probably important to most drivers, and one of the fastest ways to pay less for insurance for welfare recipients is to only buy liability insurance. The diagram below shows the difference between insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in California. The rates are based on no claims, a clean driving record, $1,000 deductibles, single status, and no policy discounts are applied.
Averaged out for all age groups, full coverage on your policy costs an extra $2,467 per year over and above liability coverage. That touches on the question if paying for full coverage is worth it. There is no set rule for eliminating full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let’s say your vehicle’s book value is $4,500 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $3,500 after paying your policy deductible. If it’s costing in excess of $350 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some scenarios where only buying liability is not a good idea. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.
What is the best auto insurance company in California?
Ending up with a good quality insurance company is difficult considering how many choices you have in Fresno. The ranking information in the next section can help you decide which coverage providers to look at shopping your coverage with.
These rankings are only made up of companies that insure vehicles nationwide, so companies without a large exposure will not be included in this list. To check rates from many more California auto insurance companies, just click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|AAA of Southern California||91||94||97||92%||A+||94.1|
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Data Source: Insure.com Best Car Insurance Companies