The words “low-cost” and “insurance” really should not be used together, in particular when you are searching for the cheapest car insurance for hybrid vehicles. In an attempt to save some money, let’s get started by showing you some of the things that can significantly affect auto insurance prices, and figure out some ideas to reduce the price of the next policy you buy.
Determining which insurers offer the cheapest insurance rates for hybrid vehicles calls for more work than just comparing rates from one or two companies. Every insurance provider has a unique formula for determining rates, so let’s rank the insurance companies with the overall cheapest rates in Fresno, CA.
It’s a good idea to know that California insurance rates are impacted by many factors that can increase the price of your policy. Getting older, buying a new vehicle, or getting a couple of tickets may generate price changes that can now make some companies much cheaper than others.
Find Cheaper Car Insurance for Hybrids
USAA normally has some of the lowest car insurance rates in Fresno at around $1,121 a year. This is $530 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also some of the lowest-priced Fresno, CA car insurance companies.
As the rates illustrate above, if you are a customer of Century National and switched to USAA, you may realize an annual savings of around $69. California drivers with CSAA may save as much as $101 a year, and Nationwide customers might lower prices by $129 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or visit any of the companies below.
These premium estimates are averaged across all drivers and vehicles and and are not figured with a specific zip code for hybrid vehicles. So the insurer that fits your situation best may not even be in the top 24 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
One of the many criteria that aid in calculating the cost of insurance is your address in Fresno. Areas with a lot of weather claims or more people tend to pay slightly more, whereas more rural areas benefit from having to pay less for coverage.
The illustration below ranks the most costly cities in California for hybrid vehicles to buy auto insurance in. Fresno is ranked at #14 with a yearly premium of $1,517 for the average policy, which is approximately $126 monthly.
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Table data uses comparative as zip code location can lower or raise premiums considerably.
Discount Fresno insurance
Auto insurance companies that provide policies for hybrid vehicles may have discounts that may potentially lower prices by as much as 40% or more if you meet eligibility requirements. Larger insurance companies and a selection of discounts include:
- State Farm discounts include multiple policy, student away at school, anti-theft, driver’s education, Steer Clear safe driver discount, safe vehicle, and passive restraint.
- Progressive may offer discounts for multi-policy, online signing, online quote discount, good student, homeowner, multi-vehicle, and continuous coverage.
- Travelers offers premium reductions for multi-car, home ownership, good student, early quote, and multi-policy.
- American Family may have discounts that include good student, Steer into Savings, defensive driver, TimeAway discount, accident-free, multi-vehicle, and air bags.
- Liberty Mutual offers discounts including safety features, multi-car, newly retired, exclusive group savings, teen driver discount, hybrid vehicle, and good student.
The illustration below compares insurance premiums with and without policy discounts. The data assumes a female driver, no violations or claims, California state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with anti-theft, marriage, homeowner, safe-driver, vehicle safety, and accident-free discounts applied. When taking advantage of discounts, the average yearly reduction on insurance for hybrid vehicles is 28% or $738.
The illustration below shows how choosing a deductible can increase or decrease premium costs when trying to find cheap insurance for hybrid vehicles. The data assumes a single female driver, full coverage, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could lower rates by $350 a year by changing from a $100 deductible to a $500 deductible, or save $530 by selecting a $1,000 deductible. Young drivers, like the age 20 example, can cut up to $888 annually just by choosing higher deductibles when buying full coverage. If you do raise deductibles, it’s a good idea to have plenty of money set aside to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Compare rates to save
California insurance rates are influenced by many factors that will increase or decrease the price you pay. Improving your credit score, moving to a different location, or having an accident may prompt premium changes that may make certain companies more affordable than competitors. Not only that, but insurance companies amend premium rates every year or even multiple times each year in order to remain profitable. Higher than normal claims can result in additional price hikes, while better underwriting may produce cheaper Fresno car insurance rates.
The chart below compares the cheapest car insurance in Fresno, CA for a 40-year-old female driver with a good driving record, no prior claims, and a good credit rating. Based on her current rating profile, USAA might quote the most affordable car insurance rates in Fresno at $1,268 each year. This is $383 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are also on the list of the top five cheapest Fresno, CA auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a claim surcharge, a lower credit score, and a few blemishes on her driving record. Because each company has their own formula for determining prices, comparing prices may result in a significantly different list of affordable companies as shown below.
Mercury now has the lowest price in Fresno, CA with Grange, Allstate, GEICO, and Progressive now being in the top five. This example illustrates why consumers need to compare rates when trying to find affordable car insurance rates for hybrid vehicles.
Rates can be determined by many different factors and can increase or decrease at any time, so the most economical option the last time you shopped around may now cost much more than other companies.
The Fresno, CA, insurance agents below can help you decide which car insurance policy is best, since lots of drivers aren’t clear which coverage they need and would like to have a consultation when shopping for the best coverage for hybrid vehicles. It’s not always simple to find the cheapest auto insurance company, and getting professional guidance from a licensed agent can provide you peace of mind knowing you have enough protection. To find a Fresno insurance agent in your neighborhood, click the button below the list.
- Janean Wolfe – State Farm Insurance Agent
7089 N Marks Ave #105 – Fresno, CA 93711 – (559) 432-6392
- United Valley Insurance Services
3245 W Figarden Dr – Fresno, CA 93711 – (559) 256-2500
- Schramm Insurance
964 Pollasky Ave b – Clovis, CA 93612 – (559) 323-0333
- Allstate Insurance: Frank Salvio
745 E Locust Ave Ste 109 – Fresno, CA 93720 – (559) 449-1603