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How much is car insurance in San Luis Obispo?
|Area||Average Monthly Car Insurance Premium|
|San Luis Obispo||$50|
According to the chart above, the average cost of auto insurance in California is about $6 a month more expensive than it is in San Luis Obispo.
Compared to the rest of the country, auto insurance in San Luis Obispo is more affordable. It's about $30 cheaper than the national average to insure your vehicle in San Luis Obispo.
While these are the average monthly costs for auto insurance coverage in San Luis Obispo, you could end up paying something different. There are a variety of factors that car insurance companies consider to determine how much to charge you to insure your vehicle. Your monthly premium is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
We've analyzed the average rate for San Luis Obispo and broken down the different factors to help you understand what your monthly bill might look like. 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|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
Generally, the older you are, the more experienced you are on the roads. When it comes to auto insurance rates, that experience can help put some change back into your pocket. According to the table above, you can see that 18-24-year-olds pay $30 more than drivers 65 and older.
For every 10 years, you can expect to see a decrease in your monthly premium. Once you hit retirement age, however, you may see your rates rise again in San Luis Obispo.
Average Car Insurance Rates by Gender
Car insurance rates for men are usually slightly more expensive than they are for women. This is true in San Luis Obispo, where women pay around $8 less per month. As illustrated in the table above, male drivers in the area pay about $53 on average, while female drivers pay around $45 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can change quite drastically depending on your driving record. Drivers with clean records will pay much lower rates than those with accidents or violations. In San Luis Obispo, having a single accident on your record will usually get you rates around $59 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $87.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$45|
|15 Years or Older||$49|
The most affordable vehicles to insure in San Luis Obispo are usually SUVs, trucks, and vans, which run about $46 per month.
The premium for car owners, however, is about $51 per month.
Your vehicle's age has an impact on the cost of your policy as well. 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 rates drop back down a bit. The most expensive vehicles to insure in San Luis Obispo are vehicles six-to-seven years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$52|
Generally, those who are currently married will pay slightly less for car insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.
On a national scale, married drivers typically pay less than single drivers for auto insurance. San Luis Obispo is no exception, with the difference totaling to around $11 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$82|
Your housing situation is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment in San Luis Obispo, expect to pay around $13 a month more than if you are a homeowner. 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 San Luis Obispo, CA
Recent trends in car insurance for San Luis Obispo drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when choosing your car insurance policy.
In San Luis Obispo, car insurance rates decreased from 2016-2018, before steadying out in 2019. Insurance rates finished up in 2021, at $43 a month
How does San Luis Obispo compare to neighboring areas?
Why are car insurance rates in San Luis Obispo different from other areas?
Car insurance companies take in a variety of factors when deciding how much individual insurance policies will cost. Your insurance policy will depend largely on where you live and will be influenced by things such as:
- Off-street parking access
- Prevalence of crime
- Road Safety (total number of local car accidents)
- Regional regulations
- Amount of drivers
You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Knowing 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 San Luis Obispo?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Good news! Compare.com does all of that work for you. Just punch in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from dozens of car insurance companies providing policies in San Luis Obispo.
San Luis Obispo Insurance FAQs
What factors affect car insurance quotes in San Luis Obispo?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your gender and age 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 San Luis Obispo different from other neighboring cities?
Parking situations, local laws, and crime rates -- 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 San Luis Obispo?
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 San Luis Obispo?
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 San Luis Obispo 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.