Being forced to pay for overpriced car insurance premiums can bleed your personal savings and put a big crunch on your finances. Comparison shopping is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket.

It's amazing but the majority of drivers kept their coverage with the same car insurance company for four years or more, and approximately 38% of consumers have never even shopped around for cheap coverage. With the average car insurance premium being $1,847, U.S. drivers can save about 46.5% each year by just shopping around, but they feel it's too difficult to find cheap car insurance rates. Lots of insurers contend for your insurance dollar, so it can be very hard to choose a insurance company and get the best coverage at the lowest rate on car insurance.

If you have coverage now or are looking for a new policy, you can learn to get lower rates without having to cut coverage. Locating the best rates in Monterey Park is really quite simple as long as you have a good starting point. Smart buyers just need to learn the most efficient way to get comparison rates from multiple carriers.

Companies offering affordable rate quotes in Monterey Park, CA

The following companies provide quotes in Monterey Park, CA. To buy the best cheap auto insurance in California, it's highly recommended you visit several of them to get the best price comparison.

Insurance Rates for Popular Vehicles in Monterey Park
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LTZ $2,022 $1,011 $169
Chevrolet Silverado LS Regular Cab 4WD $1,144 $572 $95
Dodge Ram Quad Cab SLT 4WD $1,442 $721 $120
Ford Escape XLS 2WD $1,124 $562 $94
Ford F-150 Lariat Crew Cab 4WD $1,728 $864 $144
Ford Focus SES 4-Dr Sedan $1,608 $804 $134
GMC Sierra Denali Crew Cab 2WD $1,354 $677 $113
Honda Accord EX 2-Dr Coupe $1,632 $816 $136
Honda CR-V EX 2WD $1,028 $514 $86
Honda Civic LX 2-Dr Coupe $1,622 $811 $135
Mazda 3 I SV 4-Dr Sedan $1,304 $652 $109
Nissan Altima 3.5 SR 2-Dr Coupe $1,430 $715 $119
Toyota Camry XLE $1,080 $540 $90
Toyota Corolla XLE $1,464 $732 $122
Volkswagen Jetta SEL 4-Dr Sedan $1,830 $915 $153
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Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Information does not factor in garaging location in Monterey Park which can decrease or increase auto insurance rates noticeably.

How accidents and tickets impact rates

The information below demonstrates how speeding tickets and at-fault accidents increase GMC Acadia insurance prices for different age groups. The costs are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

Cheaper rates with these rate reducing discounts

Buying insurance is not cheap, but you may be missing some discounts that many people don't even know exist. Some discounts apply automatically when you get a quote, but occasionally some discounts must be requested specifically before you get the savings.Discount insurance

Drivers should understand that most discounts do not apply to the whole policy. Most only reduce individual premiums such as comp or med pay. So when it seems like it's possible to get free car insurance, it just doesn't work that way.

Popular insurance companies and their offered discounts are included below.

Before buying, ask each company or agent what discounts are available to you. Savings may not be offered in your area. To view companies offering insurance discounts in California, follow this link.

Getting quotes from local Monterey Park auto insurance agents

Certain consumers still prefer to get advice from a local agent. Experienced insurance agents are very good at helping people manage risk and will help you if you have claims. One of the best bonuses of price shopping on the web is that you can obtain the lowest rates and also buy local.

Find insurance agent in Monterey ParkTo find an agent, once you fill out this quick form, the quote information gets sent to companies in Monterey Park who will give you quotes and help you find cheaper coverage. You don't have to visit any agencies because prices are sent immediately to your email address. If you need to quote rates from a specific auto insurance provider, you can always navigate to their website and give them your coverage information.

Finding the right insurance company requires you to look at more than just the premium amount. These are some questions you should get answers to.

If you receive good responses to any questions you may have in addition to an acceptable price estimate, you have narrowed it down to an provider that meets the requirements to insure your vehicles. Just understand that consumers can cancel your policy for any reason so never assume you are locked into any particular company with no way out.

Insurance claim statistics

Are you driving a vehicle that ranks high in claims? The following tables show the highest and lowest vehicles for the overall chance of having to file claims for each type of coverage listed.

Lowest and Highest Medical Payment Claims by Vehicle
Lowest Claims Highest Claims
Ford F-250 SuperCrew Chevrolet Spark
Chevrolet Silverado 3500 Dodge Charger
Chevrolet Silverado 2500 Hyundai Accent
Chevrolet Corvette Nissan Sentra
Tesla Model S Mitsubishi Mirage
Audi A4 Allroad Mitsubishi Lancer

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Claims by Vehicle Model
Lowest Claims Highest Claims
Jeep Wrangler Nissan GT-R
Ford Edge BMW M6
Chevrolet Colorado Bentley Continental Flying Spur
Mini Cooper Bently Continental GT
Ford F-150 SuperCrew Maserati Granturismo
Smart ForTwo Maserati Ghibli

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Liability Coverage Claims by Vehicle
Lowest Claims Highest Claims
Audi A6 Dodge Charger
Chevrolet Corvette Mitsubishi Mirage
Mercedes-Benz SL Class Chevrolet Cruze
Subaru Outback Chevrolet Sonic
Volvo XC60 Mitsubishi Lancer
Subaru Forester Chevrolet Impala

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Manufacturer Models with the Lowest and Highest Comprehensive Insurance Claims
Lowest Claims Highest Claims
Chevy Silverado 2500 Maserati Granturismo
Nissan Leaf Audi S7
Infiniti QX50 BMW M6
Smart ForTwo BMW M6
Volvo V60 Maserati Quattroporte
Chevy Spark Bentley Continental GTC

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

More comparisons equals cheaper rates

We've covered some good ideas how you can get a better price on auto insurance in Monterey Park. The most important thing to understand is the more providers you compare, the better likelihood of getting cheaper Monterey Park car insurance quotes. Drivers may even discover the lowest premium rates come from an unexpected company. Smaller companies may often insure only within specific states and give getter rates compared to the large companies like Allstate and Progressive.

When shopping online for auto insurance, it's not a good idea to reduce needed coverages to save money. There have been many situations where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that it was a big mistake. The aim is to buy enough coverage at the best cost while still protecting your assets.

To learn more, link through to the resources below: