Finding reasonably-priced auto insurance is difficult, and deciding which company quotes the lowest-priced insurance rates in Modesto may require more quotes for comparison. Every insurance company has a different formula to set their prices, so let's begin by taking a look at the most competitive insurance companies in California.
It's a good idea to be aware that Modesto, CA insurance rates are influenced by many factors that will increase or decrease the cost of your policy. Events such as a birthday, buying a higher-value vehicle, or having an at-fault accident can cause premium changes resulting in some rates now being more expensive than before.
USAA may offer some of the best car insurance rates in Modesto at around $1,143 annually. Wawanesa, Century National, CSAA, and Nationwide also qualify as some of the cheaper Modesto, CA car insurance companies.
As illustrated above, if you are currently insured with CSAA and switched to USAA, you might see a yearly price reduction of in the neighborhood of $79. California drivers with Nationwide could save as much as $107 a year, and 21st Century insureds might lower prices by $182 a year.
To compare your rates to other California insurance companies, click here to get a free quote or quote rates from the companies below.
Understand that those policy prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration an exact location in Modesto. So the insurer that can offer the best rates for your situation may not even be in the top 24 companies in the list above. That's why you need to compare as many prices as possible using your own driver data and vehicle information.
For drivers in Modesto, one of the more important factors that are used to help calculate insurance cost is where your residence is. Cities with larger populations will most likely pay more, whereas areas that tend to be more rural tend to receive cheaper rates.
The illustration below ranks the most expensive places in California to buy auto insurance in. Modesto is ranked at #14 with the yearly price of $1,502 for coverage, which is around $125 monthly.
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Rate quotes are estimated as the specific garaging location can influence price quotes considerably.
The make and model of vehicle you are buying coverage for is a large factor that determines whether or not you find the lowest-priced coverage in Modesto. Vehicles with lower performance, a plethora of safety features, or a positive history of liability claims will cost quite a bit less to insure than adrenaline junky models. The information below illustrates insurance rates for some of the most economical vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,116|
|Honda Accord LX 4-Dr Sedan||$1,126|
|Ford Escape Limited 2WD||$1,142|
|Honda Odyssey LX||$1,225|
|Honda CR-V EX 4WD||$1,251|
|Ford F-150 XL Crew Cab 4WD||$1,275|
|Toyota Tacoma 4WD||$1,368|
|Dodge Grand Caravan SE||$1,376|
|Ford Edge Sport 2WD||$1,394|
|Jeep Grand Cherokee SRT-8 4WD||$1,418|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,445|
|Nissan Altima 2.5 4-Dr Sedan||$1,449|
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rate information does not factor in your specific Modesto, CA location which can increase or decrease premiums significantly.
Based upon these rates, we can assume that models like the Hyundai Elantra, Honda Accord, and Ford Escape should be the cheaper vehicles to insure for drivers in Modesto.
The chart below highlights how deductible choice can influence insurance prices when getting quotes for cheap insurance in Modesto. The data assumes a married female driver, full physical damage coverage, and no discounts are applied.
The data above shows that a 30-year-old driver could save $420 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $632 by switching to a $1,000 deductible. Youthful drivers, like the age 20 example, can cut $896 or more by using a higher deductible. If you do decide to increase your deductibles, it is necessary to have enough funds in savings to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Get discounts on Modesto auto insurance
Insurance companies that offer quotes in Modesto may also offer rate discounts that could reduce prices by as much as 30% if you are eligible. Popular insurance companies and some of their more popular discounts are included below.
- State Farm has discounts for passive restraint, Drive Safe & Save, Steer Clear safe driver discount, driver's education, good student, multiple policy, and safe vehicle.
- GEICO includes discounts for good student, membership and employees, anti-lock brakes, multi-vehicle, and anti-theft.
- Liberty Mutual may have discounts that include new graduate, new move discount, multi-policy, newly retired, good student, and exclusive group savings.
- The Hartford offers premium reductions for driver training, vehicle fuel type, defensive driver, anti-theft, air bag, and bundle.
- MetLife discounts include multi-policy, good student, accident-free, good driver, defensive driver, claim-free
- Progressive offers discounts including online quote discount, multi-policy, homeowner, good student, and online signing.
The illustration below illustrates the difference between auto insurance rates with and without policy discounts. The rate quotes are based on a female driver, no driving violations, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, vehicle safety, accident-free, defensive driving course, marriage, and homeowner discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on insurance in Modesto is 28% or $893.
Should you buy full coverage?
Paying less for insurance is important to the majority of drivers, and an easy way to find cheap insurance in Modesto is to only pay for liability coverage. The diagram below shows the difference between annual premium costs with full coverage compared to only the California minimum liability coverage. The premiums are based on no claims or driving violations, $250 deductibles, drivers are not married, and no discounts are applied.
If the expense is averaged for all age categories, physical damage coverage costs an extra $2,314 per year more than just buying liability insurance. That is a significant amount which raises the question if buying full coverage is worth the money. There is no set guideline to eliminate full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than about 10% of the vehicle's replacement cost less your deductible, then you might want to think about dropping full coverage.
There are some cases where dropping full coverage is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
How to find economical insurance in Modesto
The list below shows some money-saving suggestions that can help drivers buy low-cost car insurance.
- Raise deductibles to save money
- Avoid preventable accidents
- Do not get traffic violations
- Higher credit scores may earn you cheaper rates
- If your vehicles are older, consider dropping full coverage
- Get cheaper liability coverage by choosing a safer vehicle
- Compare rates once a year for cheaper prices
The last idea is extraordinarily crucial, as we emphasized in this write-up. Insurance rates can change significantly in a year, so don't be tentative to change insurance companies if you find a cheaper price. We understand brand loyalty, but is isn't recommended if your bullheadedness ends up costing you hundreds of dollars a year. Take a couple minutes and compare rates and find cheaper insurance in Modesto.