Do you want to save money by finding cheaper car insurance rates in Thousand Oaks, CA? Finding low cost car insurance is frustrating for people who have little experience quoting and comparing prices online. People have so many options that it can quickly become a big hassle to find the perfect company for you.
Remarkably, a study showed that nearly 70% of customers have been with the same company for four years or more, and just under half have never compared quotes from other companies. With the average premium in California being $1,387, drivers could save almost $500 every year by just comparing quotes, but they don't want to spend time to compare rates.
It's a good idea to compare rates yearly because prices change regularly. Even if you think you had the best rates on car insurance at your last renewal you can probably find a lower rate today. Forget all the misinformation about car insurance because I'm going to let you in on the secrets to the fastest and easiest way to properly buy coverages while reducing your premium.
Cheapest car insurance companies in Thousand Oaks
The providers in the list below are our best choices to provide quotes in Thousand Oaks, CA. If you want to find cheap auto insurance in California, we recommend you visit as many as you can to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Malibu LT||$1,166||$583||$97|
|Chevrolet Silverado LS Extended Cab 2WD||$1,816||$908||$151|
|Dodge Ram Quad Cab TRX4 Off Road 4WD||$1,800||$900||$150|
|Ford Edge SE AWD||$1,006||$503||$84|
|Ford Escape XLS 2WD||$1,280||$640||$107|
|Ford F-150 Lariat Crew Cab 2WD||$1,366||$683||$114|
|Ford Focus SEL 4-Dr Sedan||$1,538||$769||$128|
|Honda Accord LX-P 4-Dr Sedan||$1,256||$628||$105|
|Honda CR-V EX-L 4WD||$1,200||$600||$100|
|Honda Civic VP 4-Dr Sedan||$1,576||$788||$131|
|Hyundai Elantra SE 4-Dr Sedan||$1,418||$709||$118|
|Jeep Grand Cherokee Limited 4WD||$1,598||$799||$133|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,106||$553||$92|
|Nissan Altima 2.5 4-Dr Sedan||$1,758||$879||$147|
|Toyota Camry Hybrid||$1,334||$667||$111|
|Toyota Corolla XLE||$1,552||$776||$129|
|Get Your Own Custom Quote Go|
Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in specific Thousand Oaks garaging location which can increase or decrease premiums considerably.
Tickets and at-fault accidents raise rates
The diagram below illustrates how traffic citations and at-fault claims can affect Kia Optima yearly insurance costs for each different age category. The data is based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are factored in.
Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.
Full coverage versus liability only rates
The diagram below visualizes the comparison of Nissan Altima insurance costs with full coverage and liability only. The information is based on no accidents or driving violations, $1,000 deductibles, married female driver, and no other discounts are factored in.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
Should you be buying full coverage?
There is no set guideline for eliminating full coverage, but there is a general guideline. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let's say your Nissan Altima book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $4,000 after paying the physical damage deductible. If you are paying over $400 a year for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where only buying liability is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.
Earn discounts to get lower-cost Thousand Oaks car insurance rates
Some providers don't always publicize all discounts very well, so we break down both well-publicized and also the lesser-known discounts that may be available.
- Senior Citizen Rates - If you're over the age of 55, you can get a small decrease in premiums.
- Distant Student Discount - Youth drivers who are enrolled in a college that is more than 100 miles from Thousand Oaks without a vehicle on campus may qualify for this discount.
- Driver's Ed - Have your child participate in a local driver's education class in high school.
- Low Mileage - Maintaining low annual mileage can qualify you for lower rates on the low mileage vehicles.
- Student Discounts - A discount for being a good student can earn a discount of 20% or more. The good student discount can last up until you turn 25.
- Good Driver Discounts - Accident-free drivers can save as much as half off their rates compared to rates paid by drivers with frequent claims.
Drivers should understand that most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, nobody gets a free ride.
To find car insurance companies who offer discounts in California, click here.
Auto insurance quotes from local Thousand Oaks insurance agencies
Many drivers still like to get professional advice from a licensed agent and there is nothing wrong with that. One of the best bonuses of comparing rates online is that drivers can save money and get better rates but still work with a licensed agent.
To make it easy to find an agent, after completing this quick form, your information is submitted to agents in your area who will give you bids for your auto insurance coverage. You don't have to contact an agency because prices are sent straight to your inbox. You can get cheaper auto insurance rates without requiring a lot of work. If you have a need to compare rates from one company in particular, don't hesitate to search and find their rate quote page and submit a quote form there.
Choosing an insurer shouldn't rely on just a cheap price quote. Some important questions to ask are:
- Is their price quote a firm figure or are their hidden costs?
- Are they primarily personal or commercial lines agents in Thousand Oaks?
- Is assistance available after office hours?
- How long have they been in business?
- What company do they have the most business with?
- Do they have designations such as AIC, CPCU, or CIC?
- Is vehicle mileage a factor when determining depreciation for repairs?
If you are searching for a local insurance agency, it can be helpful to understand the types of insurance agents that differ in how they can insure your vehicles. Auto insurance agents are considered either independent agents or exclusive agents depending on their employer.
Exclusive Auto Insurance Agencies
Agents of this type normally can only provide a single company's rates and examples are AAA, Allstate, and State Farm. Exclusive agencies are unable to give you multiple price quotes so they really need to provide good service. They are well trained on their company's products which helps them sell on service rather than price. A lot of people buy from the same agent for years mainly due to the prominence of the brand rather than low price.
Independent Agencies or Brokers
Independent insurance agents do not work for one specific company and that allows them to write policies with lots of companies and find the cheapest auto insurance rates. If prices rise, they simply move the coverage in-house and you don't have to find a new agent. When searching for an agent, you need to get several quotes from several independent insurance agents to maximize your price options. Many write coverage with smaller mutual companies that may have much lower rates than larger companies.
Will you really save $424 on car insurance?
Car insurance companies such as GEICO, State Farm and Progressive constantly bombard you with ads on TV and radio. All the ads advertise the message that people will save if you just switch to them. How is it plausible that every one can charge you a lower premium? It's all in the words they use.
Different companies have specific criteria for the driver that is profitable for them. One example of a desirable insured might be over the age of 45, carries high limits, and has great credit. Any new insured who fits that profile is entitled to the best price and most likely will save a lot of money.
Consumers who don't meet this ideal profile must pay higher rates and this results in the customer not buying. The trick companies use is to say "people that switch" but not "all drivers who get quotes" save the amount stated. That is how companies can advertise the savings. This really drives home the point why you should get price quotes at each policy renewal. It's impossible to know which company will fit your personal profile best.
Persistence will pay off
People switch companies for a variety of reasons including high prices, being labeled a high risk driver, not issuing a premium refund or delays in paying claims. It doesn't matter what your reason, finding a new company is not as hard as you think.
Discount insurance in Thousand Oaks can be bought online in addition to many Thousand Oaks insurance agents, and you should compare rates from both to have the best selection. There are still a few companies who may not provide the ability to get quotes online and many times these smaller providers only sell coverage through independent insurance agencies.
Throughout this article, we presented a lot of information how to compare insurance premium rates in Thousand Oaks. The most important thing to understand is the more rate quotes you have, the better your comparison will be. You may even find the most savings is with a small mutual company.
Additional detailed information can be found at these sites:
- Comprehensive Coverage (Liberty Mutual)
- What is the Cheapest Car Insurance in Chula Vista, California? (FAQ)
- What Auto Insurance is Cheapest in Garden Grove, California? (FAQ)
- How Much is California Car Insurance for College Graduates? (FAQ)
- Who Has Affordable California Car Insurance Quotes for Drivers with Bad Credit? (FAQ)
- What is the Cheapest Car Insurance in Sacramento, California? (FAQ)
- Who Has the Cheapest California Car Insurance Quotes for a Chevrolet Cruze? (FAQ)
- Coverage Information (Progressive Insurance)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)