Lake Elsinore, CA Car Insurance

On average, Lake Elsinore drivers pay a monthly average rate of around $52 for their car insurance. We cover plan rates, policies and more in our guide below.
Are rates in Lake Elsinore higher or lower than those in neighboring areas? How do they compare to the rest of California? How much can residents of Lake Elsinore expect to pay for their car insurance? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:  

How much is car insurance in Lake Elsinore?

Area Average Monthly Car Insurance Premium
Lake Elsinore$52
CA$56
United States$80

Based on the above chart, auto insurance policies in Lake Elsinore are about $4 a month cheaper than in the rest of California.

If you're thinking of moving to Lake Elsinore from out of state, you may still be in luck. You can expect to pay about $28 less for your policy in Lake Elsinore than in the rest of U.S.

While these numbers represent the average monthly payments for coverage in Lake Elsinore, that doesn't mean it's what you'll pay. There are a variety of factors that insurance companies consider when determining how much to charge you for insurance. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining the bill you'll see each month.

We've broken down average rates for Lake Elsinore to help you understand what your policy's monthly premium will cost. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!

See what you'll pay in just minutes

Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$79
25-34$50
35-44$46
45-54$44
55-64$42
65+$42

The older you are, the more experience you're likely to have on the roads, right? When it comes to auto insurance rates, that experience pays off. According to the table above, you can see that 18-24-year-olds pay $37 more than someone who is at retirement age.

You can expect to see your monthly premium drop every 10 years or so. Having said that, once you approach retirement your rates may begin to go back up in Lake Elsinore.

Average Car Insurance Rates by Gender

Gender Average
Male$53
Female$52

Male drivers pay, on average. slightly more than female drivers for auto insurance. While female drivers pay slightly less than male drivers on their monthly auto coverage, the difference in Lake Elsinore is only about $1 a month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$63
Multiple Accidents$88
1 Ticket$68
Multiple Tickets$87

Rates can vary wildly depending on your driving record. Those with fewer accidents and tickets will pay a lot less than those with multiple infractions. In Lake Elsinore, a driving record with a single accident will usually get you a rate around $63 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $68 on average.

Accidents, tickets, and other driving infractions can cost you some serious cash. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$54
2-3 Years$60
4-5 Years$60
6-7 Years$50
8-10 Years$55
11-14 Years$50
15 Years or Older$49

If you look at the first table above, you'll see that trucks and vans are by and large the cheapest vehicles to insure in Lake Elsinore, with drivers paying around $47 per month for auto insurance coverage.

Car owners will see a monthly rate of about $53, while SUV owners usually pay around $54 per month.

In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, newer vehicles are going to cost the most to insure. However, once your car is a few years old, you might start to see your rates slide back down slightly. The most expensive vehicles to insure in Lake Elsinore are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$57
Married$43
Divorced$42
Widowed$46

On average, people who are married will pay slightly less to insure their vehicle. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.

Married couples, on average, pay less than single drivers do to insure their vehicles. This holds true in Lake Elsinore, with married couples paying about $14 less per month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$49
Rent$53
Live with parents$63

Another factor that comes into play is your living accommodations. If you rent your home or apartment, expect to pay around $4 a month more than if you own your own home in Lake Elsinore. But if you live with your parents, your rates will be significantly higher.

Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average costs, depending on your insurance company.

Car Insurance Companies in Lake Elsinore, CA

Recent trends in car insurance for Lake Elsinore drivers

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before shopping for coverage.

In Lake Elsinore, car insurance rates went up from 2016-2017, but began to decrease in 2020. This trend has continued through 2021 when rates have most recently reached $52 a month.

How does Lake Elsinore compare to neighboring areas?

Why are car insurance rates in Lake Elsinore different from other areas?

Car insurance companies take in a variety of factors when deciding how much individual insurance policies will cost. While we already talked about the ones that affect your personal policy, others are based around your home address. These include things like:

  • Local laws
  • Prevalence of crime
  • Rate of car accidents
  • Access to off-street parking
  • Total amount of drivers in the area

A decent level of familiarity with these factors can be helpful when you're ready to purchase of a new policy or thinking about making a move. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.

How can I find the cheapest car insurance in Lake Elsinore?

In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.

Luckily, Compare.com does all of that work for you. Just put in your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from numerous car insurance companies providing coverage in Lake Elsinore.

Compare the cheapest quotes from dozens of insurance companies

Lake Elsinore Insurance FAQs

What factors affect car insurance quotes in Lake Elsinore?

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 address, driving record, credit score, and marital status.

Why is the cost of car insurance in Lake Elsinore different from other neighboring cities?

Parking situations, crime rates, 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 Lake Elsinore?

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 by using sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Lake Elsinore?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Lake Elsinore or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

Find your best rate in just a few minutes