One of the more important components that aid in calculating the annual cost of car insurance is where your residence is in Irvine. More densely populated places tend to pay more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The next table shows the priciest cities in California for young drivers to buy car insurance in. Irvine ranks #19 with an annual rate of $1,384 for coverage, which is about $115 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Los Angeles | $2,168 |
| 2 | Glendale | $2,142 |
| 3 | San Francisco | $1,763 |
| 4 | Sacramento | $1,720 |
| 5 | Oakland | $1,687 |
| 6 | San Bernardino | $1,580 |
| 7 | Santa Clarita | $1,580 |
| 8 | Long Beach | $1,578 |
| 9 | Garden Grove | $1,554 |
| 10 | Riverside | $1,542 |
| 11 | Stockton | $1,541 |
| 12 | Moreno Valley | $1,536 |
| 13 | Modesto | $1,532 |
| 14 | Fontana | $1,519 |
| 15 | Anaheim | $1,488 |
| 16 | Fresno | $1,457 |
| 17 | Santa Ana | $1,439 |
| 18 | Fremont | $1,403 |
| 19 | Irvine | $1,384 |
| 20 | San Jose | $1,381 |
| 21 | San Diego | $1,381 |
| 22 | Huntington Beach | $1,360 |
| 23 | Bakersfield | $1,353 |
| 24 | Oxnard | $1,344 |
| 25 | Chula Vista | $1,311 |
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Rates are approximated as the specific geographic location can affect premium rates considerably.
Trying to buy cost effective car insurance is tough enough, and figuring out which insurers offer the cheapest car insurance rates for young drivers requires more quotes for comparison. Each auto insurer uses different criteria for determining rates, so first we will examine the car insurance companies that tend to be cheaper in California.
It’s important that readers know that Irvine car insurance rates are impacted by many factors which can substantially decrease or increase the price of coverage. Turning one year older, buying a newer car, or getting a DUI may cause policy rate changes resulting in some companies being higher-priced than the competition.
Find the Cheapest Car Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Century National | $1,190 |
| 3 | Wawanesa | $1,192 |
| 4 | CSAA | $1,222 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,477 |
| 8 | Allstate | $1,497 |
| 9 | Mercury | $1,503 |
| 10 | Progressive | $1,558 |
| 11 | GEICO | $1,575 |
| 12 | Allied | $1,588 |
| 13 | MetLife | $1,590 |
| 14 | The Hartford | $1,591 |
| 15 | State Farm | $1,682 |
| 16 | Unitrin | $1,750 |
| 17 | Esurance | $1,756 |
| 18 | Bristol West | $1,795 |
| 19 | Travelers | $1,806 |
| 20 | Farmers | $2,006 |
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USAA offers some of the best car insurance rates in Irvine at around $1,109 a year. Century National, Wawanesa, CSAA, and Nationwide are also some of the cheapest Irvine, CA insurance companies.
In this example, if you buy coverage from CSAA and switched to USAA, you could realize an annual premium reduction of around $113. Customers with Nationwide may save as much as $154 a year, and 21st Century policyholders might realize rate reductions of up to $270 a year.
To see how much you can save, click here to get quotes or quote rates from the companies below.
Bear in mind that those policy rates are averaged across all types of drivers and the different vehicles they drive and do not factor in an exact vehicle garaging location for young drivers. 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 emphasizes why you need to get rate quotes using your own specific driver and vehicle information.
The make and model of vehicle you are trying to insure is probably the largest consideration when quoting the lowest-priced coverage for young drivers. Vehicles with limited speed and performance, excellent safety ratings, or a low likelihood of liability claims will cost substantially less to insure than adrenaline junky models.
The next list estimates auto insurance costs for the most budget-friendly automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $3,116 |
| Honda Accord EX 4-Dr Sedan | $3,121 |
| Ford Escape XLT 4WD | $3,144 |
| Toyota Prius | $3,361 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $3,476 |
| Chevrolet Silverado LS Regular Cab 4WD | $3,483 |
| Ford Explorer Eddie Bauer 2WD | $3,504 |
| Dodge Grand Caravan SE | $3,514 |
| Ford F-150 XL Crew Cab 4WD | $3,532 |
| Ford Edge Limited 2WD | $3,664 |
| Toyota RAV4 Limited 2WD | $3,692 |
| Chevrolet Equinox LS 2WD | $3,699 |
| Jeep Grand Cherokee Laredo 2WD | $3,692 |
| Chevrolet Impala LT | $3,700 |
| Volkswagen Jetta LE 4-Dr Sedan | $3,692 |
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Cost estimates assume single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in Irvine, CA location which can lower or raise prices significantly.
Looking at the numbers, you can assume that vehicles like the Honda CR-V, Honda Accord, and Ford Escape are most likely to be some of the cheapest vehicles to insure for youthful drivers. The price for an auto insurance policy will tend to be more expensive because of the fact that there is more exposure for young drivers, but in general those models will have the lowest insurance prices available.
Discount Irvine insurance
Insurance companies that sell policies for young drivers may also give you special discounts that may potentially lower prices by as much as 35% if you are eligible for them. Popular car insurance companies and a partial list of their discounts are shown below.
- American Family has discounts for air bags, early bird, accident-free, multi-vehicle, bundled insurance, good student, and Steer into Savings.
- Nationwide may include discounts for easy pay, good student, business or organization, anti-theft, Farm Bureau membership, defensive driving, and accident-free.
- MetLife offers premium reductions for good student, good driver, accident-free, multi-policy, defensive driver, and claim-free.
- 21st Century policyholders can earn discounts including defensive driver, student driver, theft prevention, good student, air bags, and anti-lock brakes.
- Farmers Insurance may offer discounts for distant student, bundle discounts, good student, switch companies, and pay in full.
- Allstate offers discounts for premier discount, good payer, good student, senior citizen, multi-policy, passive restraint, and new car.
The chart below illustrates the difference between premium costs with and without discounts being applied to the rates. The premiums assume a female driver, no tickets, no at-fault accidents, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with good student, vehicle safety, passive restraint, paid-in-full, paperless filing, and continuous coverage discounts applied. When these discounts are applied, the average amount saved each year on car insurance for young drivers is 28% or $1,150.
Should you buy full coverage?
Lowering the price of car insurance is important to the majority of vehicle owners, and an easy way to buy cheaper insurance for young drivers is to only pay for liability coverage. The chart below illustrates the difference between car insurance costs when comparing full coverage to liability only. The data assumes no accidents or driving violations, $500 deductibles, marital status is single, and no additional discounts are factored in.
If all age groups are averaged, comprehensive and collision coverage on your policy costs an extra $2,075 per year more than just buying liability insurance. A very common question is if paying for full coverage is a waste of money. There is no specific rule to drop full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.
For example, let’s say your vehicle’s replacement cost is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $6,500 after the policy deductible has been paid. If you are paying over $650 a year for your policy with full coverage, then you might consider buying liability only.
There are a few cases where dropping full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not buy liability only.
The chart below shows how different deductible levels can impact insurance premiums when quoting cheap insurance for young drivers. The information is based on a single female driver, full coverage, and no policy discounts are applied.
A 50-year-old driver could save $490 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $736 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could potentially save $1,246 each year just by using higher deductibles.
If you do make the decision to raise your deductibles, it’s a good idea to have enough funds in savings to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
The Irvine, CA, insurance agents below are a good start to help you decide which car insurance policy is best, since many consumers aren’t sure which coverage to buy and prefer to get some guidance when trying to find the best insurance rates for youthful drivers. It’s not always simple to find the best policy on your own, so insurance agents can provide you peace of mind knowing you have adequate asset protection.
To find an Irvine insurance agency close to where you live, click the button at the bottom of the list.
- AIS | Auto Insurance Specialists | Irvine
16969 Von Karman Ave #100 – Irvine, CA 92606 – (949) 660-7061 - State Farm: Richard Tay
14210 Culver Dr A – Irvine, CA 92604 – (949) 559-8866 - Hodge and Hodge Insurance Inc
10 Hughes # 205 – Irvine, CA 92618 – (949) 458-0442 - State Farm: Jim Canty
3200 El Camino Real #110 – Irvine, CA 92602 – (949) 769-2600
More insurance agents in Irvine, CA
Ideas to find budget-friendly car insurance for young drivers
It is possible to find better rates, and here are a few thrifty suggestions that can help you quote more affordable car insurance.
- Do not pay for full coverage on older vehicles
- Increase your comprehensive and collision deductibles
- Be a safe driver
- At-fault accidents will increase rates
- Discounts for being claim-free can be substantial
- Compare rates regularly to ensure the best deal
The last tip in the list is very critical, as was affirmed in this write-up. Prices charged by auto insurers in Irvine can change considerably in a year, so don’t be tentative to change insurance companies if you can find a cheaper rate.
Sticking with a specific company is fine, but it’s not recommended if that loyalty ends up costing hundreds of dollars a year. If you have a few minutes, compare rates to find cheaper insurance for young drivers.