I can't think of a single person who fancies paying their premiums for insurance, in particular when they are paying too much.

Unimaginable but true, the vast majority of insurance customers renewed their policy with the same company for a minimum of four years, and almost half have never taken the time to shop around. Rancho Santa Margarita insurance shoppers could save approximately 35% every year by just shopping around, but most tend to underestimate the large savings they would see if they switch to a new company.

You have so many car insurance companies to buy insurance from, and although it's a good thing to have a selection, it can be more difficult to compare company pricing.

The majority of larger companies allow you to get prices direct online. Getting online rates is possible for anyone because it's just a matter of typing in the coverages you want into the form. Behind the scenes, their quoting system gets your driving record and credit report and returns a price quote based on the information you submitted. Getting online rate quotes streamlines rate comparisons, and it's also necessary to have as many quotes as possible in order to find the cheapest possible prices on auto insurance.

To compare rates now, compare rates now from the companies shown below. If you have your current policy handy, we recommend you input the coverages as shown on your current policy. This makes sure you will have a fair comparison using the exact same coverages.

The companies in the list below have been selected to offer comparison quotes in Rancho Santa Margarita, CA. In order to find the cheapest auto insurance in California, it's a good idea that you get rates from several of them to get the best price comparison.

Insurance Price Estimates for Popular Vehicles in Rancho Santa Margarita
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ 2WD $1,422 $711 $119
Chevrolet Silverado LTZ Crew Cab 2WD $1,800 $900 $150
Dodge Ram Quad Cab SLT 4WD $1,280 $640 $107
Ford Edge Sport AWD $1,424 $712 $119
Ford Escape Limited 4WD $1,394 $697 $116
Ford F-150 XL Super Cab 2WD $1,400 $700 $117
Ford Focus SE 4-Dr Sedan $1,716 $858 $143
Ford Fusion SEL 4-Dr Sedan $1,460 $730 $122
Honda Accord LX-S 2-Dr Coupe $1,516 $758 $126
Honda CR-V LX 2WD $990 $495 $83
Honda Civic LX 4-Dr Sedan $1,206 $603 $101
Hyundai Elantra SE Touring Station Wagon $1,202 $601 $100
Kia Optima LX $1,442 $721 $120
Nissan Altima 2.5 S 2-Dr Coupe $1,334 $667 $111
Nissan Rogue SL AWD $1,674 $837 $140
Toyota Camry SE $1,638 $819 $137
Toyota Corolla XRS $1,592 $796 $133
Toyota Prius $1,686 $843 $141
Toyota RAV4 2WD $1,166 $583 $97
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease premiums greatly.

Impact of violations and accidents on rates

The example below illustrates how traffic citations and at-fault accidents can influence Ford F-150 car insurance rates for each different age group. The costs are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.

Ford F-150 rates are for example purposes only. To get rates for your specific vehicle, click here.

Comparison of full coverage and liability-only policies

The example below shows the difference between Kia Optima insurance rates with full coverage and liability only. The costs are based on no claims or violations, $250 deductibles, married female driver, and no policy discounts are applied.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you be buying full coverage?

There is no definitive guideline for dropping physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let's assume your Kia Optima replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after you pay the deductible. If premiums are more than $200 annually for full coverage, then it's probably a good time to buy liability coverage only.

There are a few cases where buying only liability insurance is not in your best interest. If you haven't satisfied your loan, you must maintain physical damage coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Gender-based car insurance premiums in Rancho Santa Margarita

The chart below illustrates the difference between insurance costs for male and female drivers in Rancho Santa Margarita. The premiums are based on no claims or violations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no other discounts are factored in on a Hyundai Sonata SE.

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

Lower your auto insurance rates with discounts

Companies that sell car insurance don't always advertise the complete list of policy discounts very well, so we researched both the well known and the more hidden credits available to bring down your rates.Cheaper auto insurance with discounts

A quick disclaimer, many deductions do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like medical payments or collision. So when it seems like you can get free auto insurance, nobody gets a free ride. But all discounts should help lower your overall premium however.

A few of the larger companies and a summarized list of policyholder discounts are outlined below.

Before you buy a policy, ask every insurance company which discounts they offer. All car insurance discounts might not be offered on policies in Rancho Santa Margarita.

Car insurance quotes from local neighborhood Rancho Santa Margarita car insurance agents

Certain consumers still like to visit with an insurance agent and there is nothing wrong with that. The best thing about price shopping on the web is you may find the lowest rates and also buy local. Supporting neighborhood insurance agencies is still important in Rancho Santa Margarita.

Rancho Santa Margarita insurance agentsFor easy comparison, once you complete this quick form, the quote information gets sent to local insurance agents that can provide free Rancho Santa Margarita car insurance quotes and help you find cheaper coverage. There is no need to visit any agencies because quoted prices will be sent immediately to your email address. You can most likely find cheaper rates without a big time investment. If for some reason you want to get a price quote from a specific company, you would need to search and find their rate quote page and give them your coverage information.

If you're trying to find a local Rancho Santa Margarita insurance agency, it helps to know the two types of agencies and how they operate. Car insurance agents can be described as either exclusive agents or independent agents.

Independent Car Insurance Agents

Independent agencies do not sell for just one brand and that is an advantage because they can write policies through many companies and find you the best rates. If they find a cheaper price, an independent agent can move your coverage and you don't have to switch agencies. When comparing car insurance prices, you absolutely need to get insurance quotes from independent agents so that you can do a thorough price comparison.

Exclusive Insurance Agents

Agents of this type can only place business with one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. These agents are not able to give you multiple price quotes so you might not find the best rates. Exclusive insurance agents are well schooled on what they offer which helps offset the inability to provide other markets.

Deciding on an insurance agent requires more thought than just a low price. Agents should be asked these questions:

Don't assume everyone needs the same auto insurance coverage

Always remember that when buying insurance from an agent or online, there really is no single plan that fits everyone. Everyone's needs are different and your policy should reflect that.Safe vehicles cost less to insure Here are some questions about coverages that can aid in determining if your insurance needs will benefit from professional help.

If you can't answer these questions but you think they might apply to your situation, you may need to chat with an agent. If you don't have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.

Make wise decisions and cut your costs

An important part of buying insurance is that you know the rating factors that are used to determine your auto insurance rates. When you understand what determines base rates, this enables informed choices that can earn you big savings.

Listed below are just a few of the factors used by companies to determine your rates.

Why you need vehicle insurance in California

Despite the potentially high cost of insurance, insuring your vehicle is mandatory in California but it also protects more than you think.

The benefits of insuring your vehicle definitely exceed the cost, especially when you need to use it. As of last year, the average driver in California overpays more than $865 each year so we recommend shopping around once a year at a minimum to help ensure money is not being wasted.

Insurance claim statistics

Do you own a high-claim vehicle? The claim statistics below list the best and worst vehicle makes and models for the probability of having to file claims orgainized by coverage.

Lowest and Highest Collision Claims by Manufacturer Model
Lowest Claim Amount Highest Claim Amount
Mini Cooper BMW 6 Series
Ford F-150 SuperCrew Nissan GT-R
Chevrolet Colorado Bently Continental GT
GMC Canyon Bentley Continental Flying Spur
Ford F-250 SuperCab Audi RS7
Nissan Xterra Maserati Granturismo

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

Auto Insurance Medical Payment Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Chevrolet Corvette Mitsubishi Mirage
Tesla Model S Nissan Versa
Ford Expedition Kia Forte
Chevrolet Silverado 2500 Mitsubishi Lancer
Ford F-250 SuperCrew Hyundai Accent
Land Rover Range Rover Sport Chevrolet Spark

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

Comprehensive Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Chevy Spark BMW M6
Ford F-350 Porsche Panamera GTS
Nissan Xterra Bentley Continental GT
Volvo V60 Maserati Granturismo
Infiniti QX50 BMW M6
Nissan Leaf Maserati Quattroporte

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

Bodily Injury Liability Claims by Vehicle Model
Lowest Claim Amount Highest Claim Amount
Volvo XC60 Kia Optima
Subaru Outback Chevrolet Impala
Chevrolet Corvette Mitsubishi Mirage
Subaru Forester Chevrolet Cruze
Mercedes-Benz SL Class Chrysler 200
Acura MDX Mitsubishi Lancer

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

In the end, you can save money

Cheaper insurance in Rancho Santa Margarita can be bought on the web and from local insurance agents, so you need to shop Rancho Santa Margarita car insurance with both to have the best rate selection. Some insurance companies may not offer online quoting and usually these regional carriers prefer to sell through independent agents.

When getting Rancho Santa Margarita car insurance quotes online, do not reduce coverage to reduce premium. Too many times, an accident victim reduced physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage at the best possible price, but do not sacrifice coverage to save money.

You just learned a lot of techniques to reduce insurance premium rates online in Rancho Santa Margarita. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may even discover the best price on insurance is with a small mutual company. They often have lower prices on specific markets compared to the large companies like State Farm, GEICO and Nationwide.

Additional detailed information can be read by following these links: