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How much is car insurance in Palo Alto?
|Area||Average Monthly Car Insurance Premium|
Compared to the rest of the California, coverage in Palo Alto is about $4 a month cheaper.
Drivers relocating from out of state may enjoy some cost savings in Palo Alto. The average monthly payment for the United States as a whole is about $28 more expensive than in Palo Alto.
These may be the average auto insurance rates for Palo Alto, but that doesn't mean it's exactly what you'll pay. There are a variety of factors that car insurance companies consider to determine how much to charge you to insure your vehicle. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your policy's monthly price.
We've broken down average rates for Palo Alto to help you understand what your policy's monthly premium will cost. And if you think you might be overpaying for insurance, simply enter your ZIP Code below to learn more about rates in your area!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|45-54||Not Enough Data|
More time behind the wheel makes you a more experienced driver. That experience can turn into some real savings when it comes to car insurance premiums. In this case, 18-24-year-olds pay significantly more than someone who is at retirement age.
For every 10 years, you can expect to see a decrease in your monthly premium. That said, once you hit retirement age, your rates may climb back up a bit in Palo Alto.
Average Car Insurance Rates by Gender
In general, female drivers pay less for car insurance than their male counterparts. In Palo Alto, the difference comes out to about $5 per month. As you can see in the chart above, car insurance for women in the area typically costs around $49 each month, while men pay $54 on average.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary wildly. Those with clean records can expect to pay a lot less than those with infractions. Drivers in Palo Alto with a single accident on their record will usually see rates around $65 a month. Likewise, drivers with one ticket will be looking at a rate of around $118 a month on average.
Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$53|
|15 Years or Older||$54|
As you can see in the first table above, the cheapest vehicles to insure in Palo Alto are usually trucks and vans, which run about $48 per month.
Car owners, on the other hand, typically pay around $53 a month, while SUV drivers can expect to pay about $50 per month for auto insurance.
Depending on your vehicle's age, you can also expect to see slightly different rates. Newer vehicles are generally going to be the most expensive to insure. Once your car is about 5 years old, however, your monthly bill may start to dip back down. The most expensive vehicles to insure in Palo Alto are vehicles eight-to-ten years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$55|
Overall, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something many companies extend special discounts for.
According to the table above, the difference in rates based on relationship status in Palo Alto can be as much as $8 a month, so it's worth taking into consideration.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$69|
Your living situation is another component of how insurance companies calculate your monthly rate. Those who own their own home in Palo Alto can expect to pay around $7 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.
That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.
Car Insurance Companies in Palo Alto, CA
Recent trends in car insurance for Palo Alto drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before choosing when and where to shop.
The cost of car insurance coverage in Palo Alto had been increasing from 2016-2017, before steadying out in 2018. Policy premiums finished up in 2021, at $50 a month
How does Palo Alto compare to neighboring areas?
Why are car insurance rates in Palo Alto different from other areas?
Car insurance companies will take into account a variety of factors when they're deciding how much to charge for a policy. While we mentioned the factors that affect your personal policy, others are based around where you live. These include things like:
- Crime rates
- Area regulations
- General road safety (how many accidents each locality has)
- Off-street parking access
- Number of drivers
While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering 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 Palo Alto?
In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.
Good news! Compare.com can handle all of this for you. Just enter your ZIP below, answer a few questions about your driving profile, and you'll be quickly comparing the cheapest quotes from several of the car insurance companies offering plans in Palo Alto.
Palo Alto Insurance FAQs
What factors affect car insurance quotes in Palo Alto?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your address, credit score, driving record and marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Palo Alto different from other neighboring cities?
Auto insurance companies consider regional factors, such as local laws, crime rates, and parking situations into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.
Which car insurance company will offer me the cheapest rate in Palo Alto?
No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Palo Alto?
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. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Palo Alto or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?