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How much is car insurance in Thousand Oaks?
|Area||Average Monthly Car Insurance Premium|
As you can see in the chart above, car insurance rates in Thousand Oaks are slightly less expensive than the rest of California.
Similarly, when compared to the national average, the cost for auto insurance in Thousand Oaks is lower. Car insurance rates for the U.S. as a whole are, on average, $25 more expensive than the rates you'd pay in Thousand Oaks.
Although these are the average car insurance rates in Thousand Oaks, you could end up paying something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. 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 payment amount.
Don't worry, we've done the work for you and broken down average rates for Thousand Oaks to help you get a more accurate idea of what you'll be charged for your policy. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!
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. When it comes to auto insurance premiums, that experience pays off. As you can see, 18-24-year-olds pay significantly more than drivers 65 and older.
For every 10 years, you can expect to see a drop in your monthly premium. Having said that, once you approach retirement your rates may start to rise again in Thousand Oaks.
Average Car Insurance Rates by Gender
In general, female drivers pay less for car insurance than their male counterparts. The difference in Thousand Oaks is about $5 a month. As you can see in the chart above, car insurance for women in the area typically costs around $52 each month, while men pay $57 on average.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a tremendous impact on your car insurance rates. Drivers with clean records can expect to pay a lot less than those with accidents or violations. Drivers in Thousand Oaks with a single accident on their record will usually see rates around $70 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $66.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$54|
|15 Years or Older||$57|
According to the first table above, cars are usually the cheapest vehicles to insure in Thousand Oaks, with drivers paying around $54 per month for auto insurance.
SUV owners, on the other hand, by and large pay around $60 per month, while truck and van drivers can expect to pay about $57 a month to insure their car.
Your rates can also vary depending on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is close to 5 years old, you may start to see your monthly premium decrease. In Thousand Oaks, vehicles fifteen years and older are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$58|
Generally speaking, those who are currently married will pay slightly less for car insurance. This occurs because insurance companies commonly offer special discounts to policyholders with multiple vehicles that are on the same policy.
The cost of auto insurance in Thousand Oaks reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $12 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$75|
Another factor taken into consideration is your housing status. If you rent your home or apartment, expect to pay around $3 a month more than homeowners in Thousand Oaks. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.
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 car insurance costs.
Car Insurance Companies in Thousand Oaks, CA
Recent trends in car insurance for Thousand Oaks drivers
Since average rates are constantly changing, it's a smart move to research the local trends in your area before choosing when and where to shop.
The rates for car insurance in Thousand Oaks increased from 2016-2019, when they reached a high of $61. This trend changed in 2020, when they began to decrease, and have continued to do so through the present, when policy premiums hit a low of $50 per month.
How does Thousand Oaks compare to neighboring areas?
Why are car insurance rates in Thousand Oaks different from other areas?
Car insurance companies will take into account several factors when deciding how much to charge for a policy. The specifics of where you live and drive will have an impact on your personal policy. This might include things like:
- Number of car accidents
- Off-street parking access
- Crime levels
- Total amount of drivers in the community
- Regional laws
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. Realizing 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 corner of the world.
How can I find the cheapest car insurance in Thousand Oaks?
In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.
But hold on! Compare.com has you covered. Simply enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies that offer auto coverage in Thousand Oaks in no time.
Thousand Oaks Insurance FAQs
What factors affect car insurance quotes in Thousand Oaks?
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, as well as your driving record, credit score, address, and marital status.
Why is the cost of car insurance in Thousand Oaks different from other neighboring cities?
Things like parking situations, crime rates, and local laws, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Thousand Oaks?
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 Thousand Oaks?
Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Thousand Oaks or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?