Finding dependable, budget car insurance is not the easiest thing to do, and determining which company has the cheapest insurance rates for teenagers involves even more diligence. Every insurance provider uses a slightly different approach to determine premium rates, so let’s take a look at the overall cheapest insurance companies in Oakland.
Lowest Insurance Price Quotes for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,155 |
| 2 | Wawanesa | $1,157 |
| 3 | Century National | $1,178 |
| 4 | CSAA | $1,234 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,447 |
| 8 | Allstate | $1,543 |
| 9 | Mercury | $1,548 |
| 10 | Progressive | $1,558 |
| 11 | GEICO | $1,559 |
| 12 | Allied | $1,603 |
| 13 | The Hartford | $1,639 |
| 14 | MetLife | $1,654 |
| 15 | Esurance | $1,688 |
| 16 | Unitrin | $1,733 |
| 17 | State Farm | $1,733 |
| 18 | Bristol West | $1,831 |
| 19 | Travelers | $1,860 |
| 20 | Farmers | $1,966 |
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USAA offers some of the lowest car insurance rates in Oakland at around $1,155 annually. This is $496 less than the average policy premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also some of the more affordable Oakland, CA auto insurance companies.
As the rates illustrate above, if you are a customer of Nationwide and switched to Wawanesa, you may realize a yearly savings of upwards of $106. Insureds with 21st Century may save as much as $222 a year, and Grange insureds might lower prices by $290 a year.
Remember that these prices are averaged for all types of insureds and vehicles and and are not calculated with a specific location for teenagers. So the car insurance company that can offer you the lowest price may not even be in the list above. That illustrates why you need to compare as many prices as possible using your own individual information.
The make and model of vehicle to be insured is a large consideration when looking for low-priced insurance for teenagers. Vehicles with limited speed and performance, a plethora of safety features, or a track record of few liability claims will cost quite a bit less to insure than higher performance models. The data below estimates coverage rates for a selection of the cheaper vehicles to insure in California.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $5,814 |
| Ford Escape Limited 4WD | $6,191 |
| Toyota Prius | $6,250 |
| Ford Explorer Eddie Bauer 2WD | $6,449 |
| Jeep Wrangler Sahara 4WD 2-Dr | $6,458 |
| Ford Edge SEL 2WD | $6,767 |
| Ford Focus S 4-Dr Sedan | $6,776 |
| Honda Odyssey EX | $6,767 |
| Toyota RAV4 2WD | $6,826 |
| Chevrolet Malibu Hybrid | $6,834 |
| Toyota Tacoma Double Cab 4WD | $6,826 |
| Toyota Camry LE | $6,833 |
| Chevrolet Impala LT | $6,826 |
| GMC Sierra SL Extended Cab 2WD | $6,833 |
| Dodge Grand Caravan SXT | $6,885 |
| Ford F-150 FX4 Super Cab 4WD | $6,894 |
| Hyundai Elantra Blue 4-Dr Sedan | $7,144 |
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Table data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in vehicle location which can affect price quotes significantly.
Looking at the rates, you can infer that models like the Honda CR-V, Ford Escape, Toyota Prius, Ford Explorer, and Jeep Wrangler are going to be the most economical vehicles to insure for teen drivers. The price for car insurance will tend to be more expensive anyway because of the fact that there is more exposure for teenagers, but in general those particular vehicles will probably have the best insurance prices that you are likely to find.
Types of discounts on Oakland car insurance rates
Car insurance companies that sell policies for teenagers may also give you price discounts that can lower rates by as much as 30% if you are eligible for them. Popular insurance companies and a summarized list of policyholder discounts are detailed below.
- GEICO policyholders can earn discounts including anti-theft, federal employee, anti-lock brakes, multi-vehicle, good student, military active duty, and daytime running lights.
- SAFECO may offer discounts for anti-lock brakes, safe driver, teen safe driver, drive less, multi-car, and accident prevention training.
- State Farm offers discounts for passive restraint, safe vehicle, Steer Clear safe driver discount, good student, anti-theft, student away at school, and driver’s education.
- MetLife offers discounts including accident-free, claim-free, defensive driver, good driver, and multi-policy.
- 21st Century includes discounts for air bags, homeowners, good student, teen driver, theft prevention, and 55 and older.
- Progressive may have discounts that include continuous coverage, homeowner, multi-vehicle, online signing, and online quote discount.
The illustration below illustrates the comparison of auto insurance rates with and without discounts being applied to the rates. The prices are based on a female driver, a clean driving record, no claims, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with good student, vehicle safety, continuous coverage, paid-in-full, paperless filing, and anti-theft discounts applied. When discounts are applied, theaverage amount saved on insurance for teenagers is 28% or $1,034.
How to find a good Oakland insurance company
Choosing the right auto insurance company can be a challenge considering how many companies are available to choose from in Oakland. The information below may help you select which auto insurers to look at putting your business with.
These rankings are only made up of companies that insure vehicles nationwide, so smaller regional companies will not be included in these rankings. To compare rates from the insurers below and more, click here.
Top 10 Large Car Insurance Companies in Oakland Ranked by Customer Service
- AAA of Southern California
- GEICO
- State Farm
- The Hartford
- Mercury Insurance
- The General
- Progressive
- Allstate
- AAA Insurance
- American Family
Top 10 Large Car Insurance Companies in Oakland Ranked by Claims Service
- AAA of Southern California
- State Farm
- Esurance
- AAA Insurance
- Progressive
- Liberty Mutual
- GEICO
- Allstate
- Titan Insurance
- The Hartford
Low rates today, overpriced tomorrow
California insurance rates are based on many factors which can significantly increase or decrease the cost of your policy. Simply turning a year older, getting divorced, or getting a driving violation may prompt premium changes that can cause some rates to be affordable when they were higher priced. Also, insurers amend premium rates as often as every three months to adjust for gains or losses. Unexpectedly high claims may result in a rate increase, while profitable underwriting may produce lower-cost Oakland car insurance rates.
As an example, the data below shows rates for the cheapest car insurance in Oakland, CA for a 30-year-old female driver with no violations or accidents, and good financial standing. If we estimate rates based on her current risk profile, USAA might offer the cheapest car insurance rates in Oakland at $1,508 annually. This is $143 less than the average premium paid by California drivers of $1,651. Wawanesa, Century National, Nationwide, and CSAA are also included in the cheapest Oakland, CA auto insurance companies.
Now let’s give the driver from the first rate comparison an accident claim, less-than-perfect credit, and an imperfect driving record. Since every insurance provider uses their own method for determining rates, getting updated rate quotes could now result in a slightly different list of the cheapest car insurance companies in Oakland as shown below.
Mercury now has the best auto insurance rate in Oakland, CA with Grange, Allstate, Progressive, and GEICO completing the list. This example shows why it is so important to compare lots of rates when trying to get affordable car insurance quotes for teenagers. Auto insurance prices are influenced by many things and can decrease or increase without notice, so the lowest-price company the last time you shopped your coverage around may now be wasting a lot of money.