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How much is car insurance in Rancho Palos Verdes?
|Area||Average Monthly Car Insurance Premium|
|Rancho Palos Verdes||$63|
Looking at the chart above, you can see that it is around $7 a month more expensive to insure your vehicle in Rancho Palos Verdes than it is in the rest of California.
When stacked up against the national average, the average monthly policy payment for Rancho Palos Verdes is more affordable. Auto insurance coverage in Rancho Palos Verdes is about $18 cheaper than it is for the rest of the U.S.
These may be the average auto insurance rates for Rancho Palos Verdes, but that doesn't mean it's exactly what you'll pay. Insurance companies take an array of factors into consideration when determining how much to charge you to insure your vehicle. 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 your monthly premium.
We've done the heavy lifting for you and broken down the average rate for Rancho Palos Verdes so that you can get a more accurate idea of what your policy will cost you. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It makes sense that older drivers would have more experience behind the wheel, right? That experience can really work in your favor when factored into your car insurance rates. According to the table above, you can see that 18-24-year-olds pay 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 your rates may climb back up a bit in Rancho Palos Verdes.
Average Car Insurance Rates by Gender
Car insurance rates for women are generally cheaper than they are for men. This is true in Rancho Palos Verdes, where male drivers pay about $6 more a month. As illustrated in the table above, male drivers in the area pay about $64 on average, while female drivers pay around $58 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can change drastically depending on your driving record. Those with fewer accidents and tickets will pay much less than those with multiple infractions, while those with clean driving records will obviously pay the least. Drivers in Rancho Palos Verdes with a single accident on their record will usually see rates around $74 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $79.
Wherever you live, accidents, tickets, and other driving infractions will almost certainly drive up your monthly bill. So, if cheap car insurance is something you're after, drive safely and keep a clean record.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$56|
|15 Years or Older||$67|
In Rancho Palos Verdes, the cheapest vehicles to insure are by and large SUVs and cars, with drivers paying around $62 per month for auto insurance.
SUV owners, on the other hand, usually pay around $62 per month, while truck and van drivers can expect to pay about $69 a month to insure their vehicle.
You may also see different rates based on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. However, if your car is about 5 years old, you can expect to see your rates start dropping back down. In Rancho Palos Verdes, the most expensive vehicles to insure are vehicles eight-to-ten years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$63|
Generally, car insurance is slightly cheaper for married policyholders. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.
The cost of auto insurance in Rancho Palos Verdes reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $5 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$64|
Another factor taken into consideration is your housing situation. If you rent your home or apartment in Rancho Palos Verdes, expect to pay around $1 a month more than if you own property. 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 average premiums.
Car Insurance Companies in Rancho Palos Verdes, CA
Recent trends in car insurance for Rancho Palos Verdes drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before selecting an auto insurance policy.
In Rancho Palos Verdes, car insurance rates rose from 2017-2018, before leveling out in 2019. Car insurance rates had been increasing again, reaching a high of $68 in 2021, and finished down at $47 in 2022.
How does Rancho Palos Verdes compare to neighboring areas?
Why are car insurance rates in Rancho Palos Verdes different from other areas?
Car insurance companies take in a number of factors when deciding how much individual insurance policies will cost. A few of these factors affecting your personal policy have already been mentioned, but others are based around your home address. These include things like:
- Off-street parking accessibility
- Frequency of car accidents
- Area regulations
- Rate of crime
- Total drivers
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. Get started with a guide like this to get familiar with the average rates of your area.
How can I find the cheapest car insurance in Rancho Palos Verdes?
In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.
Fortunately, Compare.com does all of that work for you. Put in your ZIP Code below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from many of the car insurance companies offering coverage in Rancho Palos Verdes.
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Rancho Palos Verdes Insurance FAQs
What factors affect car insurance quotes in Rancho Palos Verdes?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your vehicle's year, make and model, plus your marital status, address, credit score, and driving record.
Why is the cost of car insurance in Rancho Palos Verdes different from other neighboring cities?
Local laws, crime rates, and parking situations -- 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 Rancho Palos Verdes?
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 Rancho Palos Verdes?
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. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Rancho Palos Verdes or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?
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