Table of contents
How much is car insurance in Sherman Oaks?
|Area||Average Monthly Car Insurance Premium|
Coverage for your vehicle in Sherman Oaks will typically run you about $21 a month more than in the rest of California.
On the flip side, car insurance rates in Sherman Oaks are more affordable than the national average. Car insurance rates for the United States as a whole are, on average, $3 more expensive than the rates you'd pay in Sherman Oaks.
While these are the average monthly costs for auto insurance coverage in Sherman Oaks, 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. The bill you'll see each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
Don't sweat it however, we've broken down average rates for Sherman Oaks residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. And if you're not certain that you're paying the lowest option, simply enter your ZIP Code below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
More time behind the wheel makes you a more experienced driver. That experience can lead to some serious savings when it comes to auto insurance premiums. According to the table above, you can see that 18-24-year-olds pay significantly 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, your rates may climb back up in Sherman Oaks.
Average Car Insurance Rates by Gender
Car insurance rates for women are generally cheaper than they are for men. In Sherman Oaks, the difference comes out to about $4 per month. As illustrated in the table above, female drivers in the area pay about $74 on average, while male drivers pay around $78 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Rates can vary wildly depending on your driving record. Those with clean records can expect to pay significantly less than those with infractions. In Sherman Oaks, a driving record with one accident will usually get you a rate around $95 a month. In addition, drivers with a single ticket on their record can expect to pay around $122 a month on average.
Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$110|
|15 Years or Older||$68|
As you can see in the first table above, the cheapest vehicles to insure in Sherman Oaks are usually trucks and vans, which run about $58 per month.
Car owners, on the other hand, typically pay around $76 a month, while SUV drivers can expect to pay about $82 per month for auto insurance.
You can also expect to see slightly different rates depending on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to drop back down once your car is a few years old. In Sherman Oaks, the most expensive vehicles to insure are vehicles less than one year old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$80|
Generally, those who are currently married 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.
The difference in rates based on relationship status in Sherman Oaks is about $15 a month, with married couples paying less for coverage than single drivers.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$87|
One other element taken into consideration is your living situation. If you rent your home or apartment, expect to pay around $8 less than homeowners in Sherman Oaks. But if you live with your parents, you can expect to pay a lot more.
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 car insurance premiums.
Car Insurance Companies in Sherman Oaks, CA
Recent trends in car insurance for Sherman Oaks drivers
Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before deciding on where to shop.
The rates for car insurance in Sherman Oaks increased from 2016-2017, before steadying out in 2018. They finished up in 2021, at $105 a month
How does Sherman Oaks compare to neighboring areas?
Why are car insurance rates in Sherman Oaks different from other areas?
Car insurance companies will consider several factors when trying to decide how much to charge for a policy. The specifics of where you live will have an impact on your personal policy. This might include things like:
- Access to off-street parking
- Road safety
- Local crime rates
- Amount of drivers
- Local regulations
An awareness of these factors is important 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 get started.
How can I find the cheapest car insurance in Sherman Oaks?
Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
Good news! Compare.com does all of that work for you. Just type in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from many of the car insurance companies offering policies in Sherman Oaks.
Sherman Oaks Insurance FAQs
What factors affect car insurance quotes in Sherman Oaks?
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 Sherman Oaks 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 parking situations, crime rates, and local laws when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Sherman Oaks?
Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, 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 Sherman Oaks?
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 Sherman Oaks 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.