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How much is car insurance in Rancho Santa Margarita?
|Area||Average Monthly Car Insurance Premium|
|Rancho Santa Margarita||$52|
Compared to the rest of the California, coverage in Rancho Santa Margarita is about $4 a month cheaper.
Compared to the national average cost of auto insurance coverage, Rancho Santa Margarita has lower rates. It's about $29 cheaper to insure your vehicle in Rancho Santa Margarita compared to the average rate for the United States as a whole.
While these are the average car insurance rates for Rancho Santa Margarita, you could end up paying something different. Insurance companies take in a variety of factors when determining how much to charge you for coverage. The final dollar amount you'll be asked to pay each month 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 Rancho Santa Margarita residents so that you can get a more accurate idea of what you might pay. To find out if you're overpaying for your area, just enter your ZIP Code 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|
|45-54||Not Enough Data|
The more time you have behind the wheel, the more experienced of a driver you should be. When it comes to car insurance bills, that experience pays off. In this case, 18-24-year-olds pay a lot more than someone who is at retirement age.
For every 10 years, you can expect to see a drop in your monthly premium. Rancho Santa Margarita drivers may see their rates begin to go back up once they hit retirement age.
Average Car Insurance Rates by Gender
Car insurance rates for female drivers are usually cheaper than those for male drivers. In Rancho Santa Margarita, male drivers pay about $6 more per month. Based on the chart above, you can see that female drivers pay around $49 on average, while male drivers typically pay $55 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can vary wildly 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 Santa Margarita with one accident will pay around $51 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $58.
Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$57|
|15 Years or Older||$55|
The cheapest vehicles to insure in Rancho Santa Margarita are usually cars, trucks, and vans, with each type typically costing about $51 per month.
The premium for SUV owners, on the other hand, is closer to $57 a month.
Depending on the age of your vehicle, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. However, once your car is close to 5 years old, you may start to see your monthly premium drop back down. The most expensive vehicles to insure in Rancho Santa Margarita are vehicles four-to-five years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$53|
Overall, those who are currently married will pay slightly less for auto insurance. This can usually be attributed to their policies having multiple vehicles, a factor 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 Rancho Santa Margarita, with married couples paying about $13 less per month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$72|
Another factor taken into consideration is your living situation. If you rent your home or apartment, expect to pay around $7 less than drivers who own property in Rancho Santa Margarita. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
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 Rancho Santa Margarita, CA
Recent trends in car insurance for Rancho Santa Margarita drivers
Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before picking an insurance policy.
In Rancho Santa Margarita, car insurance rates had been increasing from 2017-2018, before steadying out in 2019. Car insurance rates finished down in 2022, at $38 per month
How does Rancho Santa Margarita compare to neighboring areas?
Why are car insurance rates in Rancho Santa Margarita different from other areas?
Car insurance companies will consider several factors when trying to decide 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:
- Regional crime rates
- Total number of drivers in the area
- Regional regulations
- General road safety (how many accidents each locality has)
- Access to off-street parking
Having an awareness of these factors is critical 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 Rancho Santa Margarita?
In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.
Don't worry, Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering policies in Rancho Santa Margarita.
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Rancho Santa Margarita Insurance FAQs
What factors affect car insurance quotes in Rancho Santa Margarita?
Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your gender and age, but also factors like your driving record, address, credit score, and marital status.
Why is the cost of car insurance in Rancho Santa Margarita different from other neighboring cities?
Auto insurance companies consider regional factors, such as local laws, parking situations, and crime rates 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 Rancho Santa Margarita?
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 Rancho Santa Margarita?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart 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?
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 Rancho Santa Margarita 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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