Monterey Park, CA Car Insurance

What can Monterey Park residents expect to pay for their car insurance? How do rates in Monterey Park measure up compared to neighboring areas, including California as a whole? You can see the cost breakdowns and contributing factors in the charts and writeups below:

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How much is car insurance in Monterey Park?

Coverage for your vehicle in Monterey Park will typically run you about $7 a month more than in the rest of California.

If you're thinking of moving to Monterey Park from out of state, you may still be in luck. The average monthly payment in Monterey Park is about $18 less than the rate for the rest of the United States.

While these are the average car insurance rates for Monterey Park, keep in mind that you could end up paying a different amount. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

But don't worry, we've broken down average rates for Monterey Park residents so that you can get a more accurate idea of what you might pay. And if you're not certain that you're paying the lowest option, simply enter your ZIP Code below and find out in just minutes!

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Average Car Insurance Rates by Age

Generally speaking, the older you are, the more experience you have driving, 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 $45 more than drivers 65 and older.

You can expect to see your monthly premium drop about once a decade or so. Having said that, once you approach retirement age your rates may climb back up in Monterey Park.

Average Car Insurance Rates by Gender

In general, women pay slightly less for car insurance than men. While this isn't true in Monterey Park, the difference in monthly rates is minimal.

Average Auto Insurance Rates by Driving Record

One of the key factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay significantly lower rates than those with infractions. The rate for drivers in Monterey Park with a single accident on their record is about $64 a month. Likewise, drivers with one ticket will be looking at a rate of around $78 a month on average.

Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.

Average Insurance Rates by Vehicle

The cheapest vehicles to insure in Monterey Park are by and large cars, with each type typically costing about $61 per month.

SUV owners, on the other hand, typically pay around $71 per month, while truck and van drivers can expect to pay about $69 a month for auto insurance coverage.

You can also expect to see slightly different rates depending on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. Once your car is close to 5 years old, however, you may see your rates begin to drop back down. The most expensive vehicles to insure in Monterey Park are vehicles six-to-seven years old.

Average Car Insurance Rates by Relationship Status

Generally speaking, those who have settled down into marriage will pay slightly less to insure their car. This usually boils down to owners having multiple vehicles 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 Monterey Park, with married couples paying about $16 less per month.

Average Car Insurance Rates by Housing Situation

One other element taken into consideration is your housing situation. Renters can expect to pay around $9 a month more than drivers who own property in Monterey Park. 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 costs.

Car Insurance Companies in Monterey Park, CA

Recent trends in car insurance for Monterey Park drivers

Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.

The rates for car insurance in Monterey Park dropped from 2017-2020, when they hit a low of $53. Rates started to rise in 2021, and this pattern has continued through 2022, when rates have most recently reached $64.

How does Monterey Park compare to neighboring areas?

Why are car insurance rates in Monterey Park different from other areas?

Car insurance companies will consider several factors when trying to decide how much to charge for a policy. While we already mentioned the ones that affect your personal policy, others are influenced by where you call home. These include things like:

• Laws
• Off-street parking access
• Frequency of car accidents
• Total amount of drivers in the community
• Regional crime rates

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. With the knowledge 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 Monterey Park?

Arming 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.

But hold on! Compare.com does all of that work for you. Just enter your ZIP below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from numerous car insurance companies providing coverage in Monterey Park.

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Monterey Park Insurance FAQs

What factors affect car insurance quotes in Monterey Park?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, as well as your credit score, driving record, marital status, and address.

Why is the cost of car insurance in Monterey Park different from other neighboring cities?

Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, local laws, and crime rates when calculating your quote -- all of which can change from city to city.

Which car insurance company will offer me the cheapest rate in Monterey Park?

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 Monterey Park?

Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

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 Monterey Park 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.