How long has it been since you compared lower-priced auto insurance rates in San Luis Obispo, CA? Are you regretting buying an underperforming, overpriced auto insurance policy? Don't feel bad because you're not the only one.

Unbelievably, most auto insurance customers have stayed with the same insurance company for at least the last four years, and practically 40% of auto insurance customers have never compared quotes from other companies. The average driver in San Luis Obispo could save roughly 35% every year just by shopping around, but most just don't grasp the rate savings if they switched to a more affordable policy.

There are many insurance companies to pick from, and although it's a good thing to have multiple companies, it can be more challenging to find a good deal.

Don't neglect these discounts on auto insurance

Companies don't always advertise every available discount very clearly, so below is a list a few of the more well known in addition to some of the lesser obvious ways to save on auto insurance.Auto insurance discounts

Don't be surprised that many deductions do not apply to all coverage premiums. Some only apply to individual premiums such as collision or personal injury protection. Despite the appearance that adding up those discounts means a free policy, it just doesn't work that way. But all discounts should help reduce the cost of coverage.

Some companies that may offer policyholders many of the previously listed discounts may include but are not limited to:

Double check with every insurance company to give you their best rates. Some discounts listed above might not be offered in every state.

All the larger car insurance companies provide price estimates from their websites. Comparing prices online doesn't take much effort as you simply type in the amount of coverage you want as detailed in the form. When the form is submitted, their system pulls your credit score and driving record and quotes a price based on the information you submitted. This makes it a lot easier to compare rates and it's necessary to get many rate quotes if you want to get the cheapest possible prices on car insurance.

If you want to compare rates now, take a look at the companies shown below. If you have your current policy handy, we recommend you duplicate your coverages identical to your current policy. Doing this assures you will be getting a price comparison using the exact same coverages.

The companies shown below are our best choices to provide quotes in California. In order to find cheap auto insurance in California, we recommend you get prices from several of them in order to get a fair rate comparison.

Insurance Rates for Popular Vehicles in San Luis Obispo
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LT Crew Cab 4WD $1,436 $718 $120
Dodge Ram Quad Cab Laramie 4WD $1,806 $903 $151
Ford Edge SE 2WD $1,362 $681 $114
Ford Escape Limited 2WD $1,164 $582 $97
Ford Explorer Limited 2WD $1,576 $788 $131
Ford F-150 STX Super Cab 4WD $1,476 $738 $123
Ford Focus SES 4-Dr Sedan $1,974 $987 $165
Honda Accord LX 4-Dr Sedan $966 $483 $81
Honda CR-V LX 4WD $1,042 $521 $87
Honda Civic EX 4-Dr Sedan $1,396 $698 $116
Honda Odyssey EX-L W/Navigation $1,464 $732 $122
Hyundai Sonata Limited 4-Dr Sedan $1,730 $865 $144
Jeep Wrangler Unlimited Rubicon 4WD 4-Dr $1,584 $792 $132
Mazda 3 S Grand Touring 4-Dr Sedan $1,436 $718 $120
Nissan Altima 2.5 S 2-Dr Coupe $1,410 $705 $118
Toyota Camry XLE $1,626 $813 $136
Toyota Corolla S $1,418 $709 $118
Get Your Own Custom Quote Go

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Price information does not factor in specific zip code location which can increase or decrease premiums greatly.

Bad driving habits will cost you more

The diagram below illustrates how violations and accidents impact Honda Pilot yearly insurance costs for different categories of driver ages. The premiums are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.

Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.

Learn how to find car insurance more affordably

An important part of buying insurance is that you know the different types of things that help determine the level of your policy premiums. If you understand what determines premiums, this empowers consumers to make smart changes that could help you find cheaper rates. Many different elements are part of the calculation when quoting car insurance. Some of the criteria are obvious like your driving record, but others are not as apparent such as your credit history or your financial responsibility.

The following are a few of the things used by companies to determine your rate level.

Choosing vehicle insurance is an important decision

Despite the high insurance cost in San Luis Obispo, insuring your vehicle serves several important purposes.

First, just about all states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability insurance if you don't want to risk a ticket. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your vehicle has a lienholder, it's guaranteed your bank will require you to have comprehensive coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your vehicle at a more expensive rate and require you to fork over a much higher amount than you were paying before.

Third, insurance safeguards both your assets and your vehicle. It also can pay for medical transport and hospital expenses incurred in an accident. Liability coverage, the one required by state law, also covers legal expenses if you cause an accident and are sued. If your vehicle gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance more than cancel out the cost, particularly for liability claims. But the average American driver is wasting up to $750 every year so smart consumers compare quotes at least once a year to ensure rates are inline.

Best and worst vehicle claim statistics

Is your vehicle a claim risk? The statistics below show the worst and best vehicle makes and models for overall likelihood of having large claims orgainized by coverage.

Car Insurance Comprehensive Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Chevy Silverado 2500 Maserati Granturismo
Ford F-350 Mercedes-Benz S Class
Smart ForTwo Audi S7
Nissan Xterra Porsche Panamera GTS
Infiniti QX50 BMW M6
Chevy Spark BMW M6

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

Collision Coverage Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Ford F-150 SuperCrew Bentley Continental Flying Spur
Ford F-250 SuperCab Audi RS7
Ford Edge Maserati Ghibli
Nissan Xterra Ferrari 458
Mini Cooper Bently Continental GTC
Chevrolet Colorado Bently Continental GT

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

Manufacturer Models with the Lowest and Highest Bodily Injury Liability Claims
Lowest Claim Amount Highest Claim Amount
Audi A6 Mitsubishi Lancer
Subaru Outback Chrysler 200
Volvo XC60 Hyndai Accent
Mercedes-Benz SL Class Kia Optima
Fiat 500 Chevrolet Cruze
Subaru Forester Dodge Charger

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

Medical Payment Coverage Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Ford Expedition Mitsubishi Mirage
Chevrolet Corvette Nissan Sentra
Chevrolet Silverado 2500 Chevrolet Spark
Audi A4 Allroad Kia Forte
Land Rover Range Rover Sport Hyundai Accent
Ford F-350 SuperCrew Nissan Versa

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

You can find cheaper coverage

As you quote San Luis Obispo car insurance, never skimp on critical coverages to save a buck or two. In many instances, drivers have reduced uninsured motorist or liability limits and discovered at claim time that it was a big mistake. Your objective should be to get the best coverage possible at the best price and still be able to protect your assets.

We covered a lot of tips how to shop for car insurance online. The key concept to understand is the more rate comparisons you have, the better chance you'll have of finding cheap San Luis Obispo car insurance quotes. You may even find the lowest priced car insurance comes from a small local company. These smaller insurers often have lower rates on specific markets than the large multi-state companies such as Allstate or State Farm.

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