The words “affordable” and “insurance” probably shouldn’t be used together, especially when you are looking for the best price on coverage for felons. To help control this cost, let’s start off by going over some of the things that significantly impact insurance premiums, and come up with some ideas to lower the price of your next policy.
Comparing rates for budget insurance is hard enough, and determining which companies have the best car insurance rates for felons will take a little more work. Each insurer uses their own calculation to determine premium rates, so first let’s look at the rankings for the car insurance companies with the overall best prices in Los Angeles, CA.
Best Insurance Companies for Felons
|Rank||Company||Cost Per Year|
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USAA has some of the cheapest car insurance rates in Los Angeles at around $1,109 annually. This is $542 less than the average price paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National also qualify as some of the best Los Angeles, CA car insurance companies.
In the above rates, if you are currently insured with Nationwide and switched to USAA, you might achieve yearly savings of in the neighborhood of $117. Policyholders with Century National could save as much as $117 a year, and 21st Century policyholders might cut rates by $216 a year.
Bear in mind that those policy prices are averaged for all drivers and vehicles in California and do not factor in an exact location for felons. So the auto insurance company that is best for you may not even be in the top 24 companies in the list above. That point stresses why you need to get auto insurance quotes using your own driver information and specific vehicle type.
One of the many considerations that help determine the price you pay for insurance is where you normally keep your vehicle in Los Angeles. Larger areas tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims profit from lower rates.
The illustration below lists the highest-priced areas in California for felons to buy an auto insurance policy in. Los Angeles shows up at #2 having an annual price of $2,104 for the average insurance policy, which is about $175 per month.
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Premium amounts are comparative as the specific geographic location can decrease or increase premium rates significantly.
Buying coverage from a high-quality company is difficult considering how many choices there are in Los Angeles. The company ratings shown below could help you choose which insurers to look at comparing prices from. The rankings below only include large, nationwide insurance companies, so companies that have a smaller presence are not included in the list.
Top 10 Major Auto Insurance Companies in Los Angeles Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA of Southern California – 92%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
Top 10 Major Auto Insurance Companies in Los Angeles Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Progressive – A+
- Titan Insurance – A+
Get discount Los Angeles car insurance
Insurers that provide policies for felons may have rate discounts that could potentially reduce rates by as much as 30% if you qualify for them. Popular car insurance companies and some of their more popular discounts can be read below.
- Progressive offers premium reductions for multi-policy, homeowner, online quote discount, online signing, multi-vehicle, and continuous coverage.
- Farmers Insurance discounts include good student, homeowner, pay in full, mature driver, youthful driver, business and professional, and electronic funds transfer.
- Farm Bureau has discounts for multi-policy, renewal discount, safe driver, youthful driver, good student, driver training, and 55 and retired.
- State Farm may offer discounts for safe vehicle, multiple policy, good driver, Drive Safe & Save, and multiple autos.
- GEICO has savings for federal employee, air bags, driver training, five-year accident-free, multi-policy, and membership and employees.
- SAFECO offers discounts for homeowner, anti-theft, drive less, accident prevention training, teen safety rewards, and anti-lock brakes.
- Liberty Mutual may have discounts that include new move discount, preferred payment discount, good student, newly married, multi-car, new graduate, and new vehicle discount.
The information below shows the difference between annual premium costs with and without discounts applied. The rates are based on a female driver, no claims, a clean driving record, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, anti-theft, claim-free, marriage, multiple policy, and accident-free discounts applied. When discounts are factored in, the average amount saved each year on car insurance for felons is 28% or $532.
Car insurance rates are higher with tickets and accidents
The easiest way to enjoy the cheapest car insurance prices in Los Angeles for felons is to pay attention while driving and not get tickets or have accidents. The example below shows how speeding tickets and at-fault claims raise car insurance costs for different age categories. The premium estimates are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
In the prior example, the average cost of a car insurance policy in Los Angeles per year with no accidents or violations is $1,537. Factor in two speeding tickets and the average cost surges to $2,176, an increase of $639 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for felons goes up to an average of $4,742. That’s an increase of $3,205, or $267 per month, just for not keeping your driving record clean!
You may be paying too much for car insurance
Los Angeles car insurance rates are influenced by many factors which can substantially change the cost of your policy. Turning one year older, increasing liability limits, or getting a DUI can trigger changes in premium that can now make some companies cheaper than competitors. In addition, insurers amend pricing every year to reflect underwriting profits or losses. Significantly higher losses may cause more expensive premiums, while a lower level of claims may produce cheaper Los Angeles car insurance rates.
The graph below demonstrates which company has the cheapest car insurance in Los Angeles, CA for a 35-year-old male driver with no violations or accidents, and a good credit history. If we look at prices based on his current situation, USAA offers the cheapest car insurance rates in Los Angeles at $1,799 a year. This is $148 more than the average policy premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also included in the top five cheapest Los Angeles, CA auto insurance companies.
The chart below compares rates after we give the driver from above an accident surcharge, slightly worse credit, and a few traffic violations. Because every insurance company has their own guidelines to determine rates, analyzing rate quotes may now present a significantly different list of affordable companies as shown below.
Grange now has the best price on car insurance in Los Angeles with Allstate, Mercury, Progressive, and Allied now being in the top five. This demonstrates why it is critical to compare rates to get the cheapest insurance quotes for felons. Car insurance prices are impacted by many risk factors and change dramatically, so the best price the last time you shopped around may now be quite expensive.