Rancho Santa Margarita, CA Car Insurance

Drivers in Rancho Santa Margarita pay around $52 a month for their car insurance. Read our guide below to learn more about your specific rates.
What should residents of Rancho Santa Margarita expect to pay for their car insurance? How does Rancho Santa Margarita compare to the surrounding area and the rest of California? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:  

How much is car insurance in Rancho Santa Margarita?

Area Average Monthly Car Insurance Premium
Rancho Santa Margarita$52
CA$56
United States$80

As you can see in the chart above, it is around $4 a month cheaper to insure your vehicle in Rancho Santa Margarita than it is in the rest of California.

When viewed against the average rates for the rest of the U.S., auto insurance coverage in Rancho Santa Margarita is rather affordable. You can expect to pay about $28 less for your policy in Rancho Santa Margarita than in the rest of United States.

While these are the average car insurance rates for Rancho Santa Margarita, you could end up paying something different. There are a number of factors that determine how much insurance companies might charge you for your insurance policy. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in your policy's monthly price.

Don't sweat it however, we've broken down the average rate for Rancho Santa Margarita residents based on several different factors so that you can get a more accurate idea of what you might pay. To find out if you're getting the cheapest rate, 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 18Not Enough Data
18-24$66
25-34$49
35-44$36
45-54Not Enough Data
55-64$41
65+$45

The longer you've been behind the wheel, the more experienced of a driver you are. That experience can lead to some serious savings when it comes to car insurance premiums. As you can see, 18-24-year-olds pay significantly more than drivers 65 and older.

Every ten years or so you can expect to see a decline in your monthly premium. Having said that, once you approach retirement age your rates may start to rise again in Rancho Santa Margarita.

Average Car Insurance Rates by Gender

Gender Average
Male$54
Female$50

On average, female drivers pay slightly less for car insurance than their male counterparts. In Rancho Santa Margarita, the difference is around $4 per month. As you can see in the table above, female drivers in the area typically pay $50 on average, while female drivers typically pay $54 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$52
Multiple Accidents$85
1 Ticket$55
Multiple Tickets$57

Your driving record can have a huge impact on your car insurance rates. Those with fewer accidents and tickets will pay less than those with multiple infractions, while those with clean driving records will obviously pay the least. In Rancho Santa Margarita, having a single accident on your record will usually get you rates around $52 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $55.

Accidents, tickets, and other driving infractions can cost you some serious cash. So, if cheaper car insurance is important to you, keep your record clean and drive safe.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$64
2-3 Years$46
4-5 Years$67
6-7 Years$43
8-10 Years$57
11-14 Years$53
15 Years or Older$50

The cheapest vehicles to insure in Rancho Santa Margarita are typically SUVs, with each type typically costing about $50 per month.

Truck and van drivers will see rates of about $57, while the rates for car owners average out to about $52 a month.

Your vehicle's age also plays a role in your monthly payment. Newer vehicles are generally going to be the most expensive to insure. However, your rates may start to drop back down once your car is close to 5 years old. In Rancho Santa Margarita, the most expensive vehicles to insure are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$53
Married$44
Divorced$59
Widowed$37

On average, those who have settled down into marriage will pay slightly less for insurance coverage. This can usually be attributed to their policies having multiple vehicles, a factor that will often get you a discount.

In Rancho Santa Margarita, the difference in rates based on relationship status can be as much as $9 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$50
Rent$48
Live with parents$73

Your housing situation is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $2 less than those who own their own home in Rancho Santa Margarita. Those who live with their parents, however, can expect to pay a lot more.

Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your overall costs.

Car Insurance Companies in Rancho Santa Margarita, CA

Recent trends in car insurance for Rancho Santa Margarita drivers

Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before choosing where to shop.

Car insurance rates in Rancho Santa Margarita increased from 2016-2018, before steadying out in 2019. They finished down in 2021, at $46 per month

How does Rancho Santa Margarita compare to neighboring areas?

Why are car insurance rates in Rancho Santa Margarita different from other areas?

When considering how much to charge for coverage, car insurance companies will review several factors. The specifics of where you live will have an impact on your personal policy. This might include things like:

  • Amount of drivers in the area
  • Regional laws
  • Crime
  • Availability of off-street parking
  • Road Safety (frequency of local car accidents)

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. Each area will have different rates. Guides like these are a wonderful place to get started.

How can I find the cheapest car insurance in Rancho Santa Margarita?

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

Don't worry, Compare.com can handle all of this for you. Just enter your ZIP below, answer a few questions regarding the factors mentioned above, and you'll be quickly comparing the cheapest quotes from loads of the car insurance companies providing policies in Rancho Santa Margarita.

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Rancho Santa Margarita Insurance FAQs

What factors affect car insurance quotes in Rancho Santa Margarita?

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 vehicle's year, make and model, as well as your driving record, credit score, address, and marital status.

Why is the cost of car insurance in Rancho Santa Margarita 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 local laws, parking situations, 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 Rancho Santa Margarita?

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 Santa Margarita?

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good 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. 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 Santa Margarita 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?

Find your best rate in just a few minutes