Are you searching for more competitive auto insurance rates in Lomita, CA? Did a good deal turn into high-priced auto insurance? Trust us, there are many people just like you.

Astonishing but true, almost 70% of drivers in California kept their policy with the same company for at least four years, and 38% of customers have never shopped around. Drivers in the U.S. could save $860 a year by just comparing rate quotes, but most tend to underestimate the amount of money they would save if they switched. With vehicle owners having so many auto insurance companies to choose from, it's difficult to choose the lowest price insurer.

Finding low cost insurance rates is actually quite simple. You just need to take a couple of minutes comparing rates from some recommended companies.

Comparison shopping rate quotes online is easy and it replaces the need to go to all the different Lomita insurance agencies. The fact that you can get quotes online makes this process obsolete unless you're the type of person who wants the extra assistance of an agent trained in personal lines coverage. Although, it is possible price shop online but have your policy serviced through an agent.

The companies shown below are our best choices to provide free quotes in Lomita, CA. If multiple companies are listed, we suggest you get rate quotes from several of them to find the lowest auto insurance rates.

Insurance Rates for Popular Vehicles in Lomita
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Crew Cab 2WD $1,848 $924 $154
Chevrolet Equinox LS AWD $1,396 $698 $116
Chevrolet Silverado LS Regular Cab 4WD $1,562 $781 $130
Dodge Ram Crew Cab ST 2WD $1,710 $855 $143
Ford Escape Limited 4WD $1,640 $820 $137
Ford F-150 XLT Super Cab 2WD $972 $486 $81
Ford Focus SE 4-Dr Sedan $1,142 $571 $95
Ford Fusion S 4-Dr Sedan $1,342 $671 $112
GMC Sierra SL Crew Cab 2WD $2,072 $1,036 $173
Honda Accord LX-P 4-Dr Sedan $1,428 $714 $119
Honda CR-V LX 4WD $1,160 $580 $97
Honda Civic SI 4-Dr Sedan $2,148 $1,074 $179
Jeep Wrangler Unlimited Sport 4WD 4-Dr $1,300 $650 $108
Kia Optima EX $1,936 $968 $161
Nissan Altima 3.5 SR 4-Dr Sedan $1,660 $830 $138
Toyota Camry SE $1,452 $726 $121
Toyota Corolla LE $1,464 $732 $122
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Estimates do not factor in vehicle garaging location which can impact premium rates significantly.

An analysis of deductible level

One frequently asked question is how high should the deductibles for physical damage be. The rates shown below can help you understand the cost difference when you select higher and lower physical damage coverage deductibles. The first data set uses a $250 physical damage deductible and the second rate chart uses a $500 deductible.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

Hyundai Elantra insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $298 $472 $376 $22 $112 $1,305 $109
Elantra Blue 4-Dr Sedan $298 $678 $442 $26 $132 $1,601 $133
Elantra GLS 4-Dr Sedan $342 $678 $442 $26 $132 $1,645 $137
Elantra SE 4-Dr Sedan $342 $678 $442 $26 $132 $1,645 $137
Elantra SE Touring Station Wagon $342 $576 $376 $22 $112 $1,453 $121
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Hyundai Elantra insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $242 $382 $376 $22 $112 $1,134 $95
Elantra Blue 4-Dr Sedan $242 $546 $442 $26 $132 $1,388 $116
Elantra GLS 4-Dr Sedan $278 $546 $442 $26 $132 $1,424 $119
Elantra SE 4-Dr Sedan $278 $546 $442 $26 $132 $1,424 $119
Elantra SE Touring Station Wagon $278 $464 $376 $22 $112 $1,252 $104
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in specific location information which can change rates greatly.

Based on this data, using a $250 deductible would cost the average driver about $16 more each month or $192 annually than selecting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at least 16 months between claims, you would probably come out ahead if you opt for a higher deductible.

Difference between full coverage and liability only rates

The chart below examines Nissan Sentra premium costs with and without full coverage. The data assumes no claims, a clean driving record, $1,000 deductibles, single female driver, and no discounts are applied.

Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you buy full coverage or liability only?

There is no definitive formula for dropping comp and collision coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's say your Nissan Sentra claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after the policy deductible has been paid. If premiums are more than $800 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some conditions where removing full coverage is not in your best interest. If you haven't paid off your loan, you have to carry full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Why you need quality insurance for your vehicle

Despite the fact that auto insurance is not cheap in Lomita, insuring your vehicle is required in California but also provides important benefits.

The benefits of carrying enough insurance definitely exceed the cost, specifically if you ever have a liability claim. The average driver in America is currently overpaying as much as $800 each year so it's very important to do a rate comparison at least once a year to be sure current rates are still competitive.

Insurance advertising tricks

California drivers get pounded daily by advertisements for cheaper car insurance from companies such as State Farm, Allstate and GEICO. All the companies tend to make the same promise that you can save if you just switch to them.

It sounds good, but how can they all offer drivers better rates? It's all in how they say it.

All companies require specific criteria for a prospective insured that is profitable for them. A good example of a profitable risk profile might have to be over the age of 50, carries high limits, and insures a new vehicle. Someone that fits those parameters will probably get cheap prices and most likely will save a lot on Lomita car insurance if they switch.

Drivers who fall outside those standards will be charged a more expensive rate which leads to the customer buying from a different company. The trick is to say "drivers who switch" but not "all drivers who get quotes" can save as much as they claim. That's why companies can state the savings. Different companies use different criteria so you really need to get price quotes at each policy renewal. It is impossible to predict with any certainty which company will give you the biggest savings.

Auto insurance policy discounts

Auto insurance companies don't always publicize all their discounts in an easy-to-find place, so the list below details a few of the more well known as well as some of the hidden auto insurance savings.Discount auto insurance

Remember that most discount credits are not given to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. Even though the math looks like all the discounts add up to a free policy, companies wouldn't make money that way.

To find insurers that can offer you the previously mentioned discounts in California, follow this link.

In Summary

When shopping online for insurance, don't be tempted to buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced uninsured motorist or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find at the best cost, not the least amount of coverage.

Cheaper insurance in Lomita can be bought online and from local agencies, and you should compare rates from both to have the best rate selection. Some companies do not provide the ability to get a quote online and these smaller companies only sell through local independent agencies.

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