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How much is car insurance in Banning?
|Area||Average Monthly Car Insurance Premium|
Looking at the chart above, you can see it's around $14 a month cheaper to insure your vehicle in Banning than it is in the rest of California.
When viewed against the average rates for the rest of the U.S., auto insurance coverage in Banning is rather affordable. The average monthly payment for the U.S. as a whole is about $39 more expensive than in Banning.
These rates provide a great starting point for understanding what to expect for your monthly payment, but there's no guarantee that this is what you will end up paying. There are a variety of factors that insurance companies consider when determining how much to charge you for insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the final amount you'll be charged for coverage each month.
We've done the heavy lifting for you and broken down the average rate for Banning so that you can get a more accurate idea of what your policy will cost you. To find out if you're getting the cheapest rate, just enter your ZIP below and find out in minutes!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It's pretty safe to assume that the older you are, the more experience you have as a driver. That experience pays off when it comes to auto insurance. In this case, 18-24-year-olds pay significantly more than drivers 65 and older.
You can expect to see a decrease in your monthly premium drop about once a decade or so. Having said that, once you approach retirement your rates may rise again in Banning.
Average Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. In Banning, the difference is around $6 a month. As you can see in the table above, male drivers in the area typically pay $45 on average, while female drivers typically pay $39 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary wildly. Drivers with clean records can expect to pay a lot less than those with accidents or violations. In Banning, a driving record with one accident will usually get you a rate around $50 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $40.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$43|
|15 Years or Older||$40|
If you look at the first table above, you'll see that trucks and vans are usually the cheapest vehicles to insure in Banning, with drivers paying around $37 per month for insurance coverage.
Car owners will see a monthly bill of about $43, while SUV owners by and large pay around $41 per month.
Your rates can also vary depending on the age of your vehicle. Generally, newer vehicles are going to cost the most to insure. Once your car is around 5 years old, however, you may see your bill start to shrink a bit. In Banning, the most expensive vehicles to insure are vehicles six-to-seven years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$45|
Overall, married policyholders will pay slightly less for insurance coverage. This oftentimes is a result of owning multiple vehicles that are on the same policy, something many companies offer special discounts for.
According to the table above, the difference in rates based on relationship status in Banning can be as much as $9 a month, so it's worth taking into consideration.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$42|
Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $1 a month more than if you own your own home in Banning. But if you live with your parents, your rates will be significantly higher.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance premiums.
Car Insurance Companies in Banning, CA
Recent trends in car insurance for Banning drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending before picking an insurance policy.
The rates for auto insurance in Banning had been decreasing from 2017-2020, before leveling out in 2021. They finished up in 2022, at $45 a month
How does Banning compare to neighboring areas?
Why are car insurance rates in Banning different from other areas?
There are a lot of factors car insurance companies will consider when deciding how much to charge for a monthly rate. The specifics of where you call home will have an impact on your personal policy. This might include things like:
- Local crime rates
- General road safety (how many accidents each locality has)
- Amount of off-street parking
- Total number of drivers
- Regional laws
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Banning?
Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Luckily, Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions about your driving profile, and you'll be comparing the cheapest quotes from many of the car insurance companies that offer auto coverage in Banning.
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Banning Insurance FAQs
What factors affect car insurance quotes in Banning?
Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your credit score, address, marital status and driving record.
Why is the cost of car insurance in Banning different from other neighboring cities?
Crime rates, parking situations, and local laws -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
Which car insurance company will offer me the cheapest rate in Banning?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Banning?
Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Banning or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.
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