Who Has the Cheapest Car Insurance for Retired Military in Los Angeles?

One of the more important factors that are looked at to help calculate the price you pay for insurance is where you choose to live. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.

The next table ranks the most expensive places in California for retired military to purchase auto insurance in. Los Angeles comes in at #2 with an annual cost of $2,104 for car insurance, which is about $175 per month.

How much is auto insurance in Los Angeles, CA?
Rank City Premium Per Year
1 Glendale $2,121
2 Los Angeles $2,104
3 Oakland $1,738
4 Sacramento $1,720
5 San Francisco $1,711
6 San Bernardino $1,580
7 Long Beach $1,578
8 Stockton $1,556
9 Moreno Valley $1,536
10 Fontana $1,535
11 Santa Clarita $1,533
12 Modesto $1,532
13 Riverside $1,527
14 Garden Grove $1,524
15 Fresno $1,502
16 Anaheim $1,488
17 Santa Ana $1,453
18 San Jose $1,437
19 Huntington Beach $1,402
20 Irvine $1,371
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Table data uses approximated as the specific Los Angeles residence address can affect premiums noticeably.

Figuring out which companies have the cheapest car insurance rates for retired military involves a bit more work in order to find a policy that fits your budget. Each company has a unique formula for determining rates in each state, so we’ll take a look at the most affordable car insurance companies in Los Angeles, CA.

It’s a good idea to know that California car insurance rates are determined by lots of factors which can significantly increase or decrease the price of your policy. Simply having another birthday, buying a home, or having a fender bender may generate price changes that can make some companies cheaper than competitors.

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Cheapest California auto insurance companies
Rank Company Cost Per Year
1 USAA $1,121
2 Wawanesa $1,146
3 Century National $1,214
4 CSAA $1,222
5 Nationwide $1,263
6 21st Century $1,338
7 Grange $1,433
8 Mercury $1,488
9 Progressive $1,512
10 GEICO $1,513
11 Allstate $1,559
12 The Hartford $1,575
13 Allied $1,603
14 MetLife $1,606
15 State Farm $1,682
16 Esurance $1,688
17 Unitrin $1,733
18 Bristol West $1,849
19 Travelers $1,860
20 Farmers $1,946
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USAA offers some of the most affordable car insurance rates in Los Angeles at around $1,121 a year. Wawanesa, Century National, CSAA, and Nationwide also rank well as some of the cheaper Los Angeles, CA insurance companies.

In the above example, if you are a policyholder with Wawanesa and switched to USAA, you could earn an annual premium reduction of around $25. Customers with Century National might save as much as $93 a year, and CSAA insureds might cut rates by $101 a year.

Be aware that those estimates are averaged across all drivers and vehicles in California and do not factor in a specific location for retired military. So the car insurance company that is most affordable for your situation may not even be in the list above. That points out the importance of why you need to get car insurance quotes using your own driver information and specific vehicle type.

Buying coverage from a high-quality insurance provider is hard considering how many different insurance companies sell coverage in Los Angeles. The ranking data shown below may help you analyze which providers you want to consider comparing rates from.

These ratings are only made up of large insurance companies, so companies that may only write in California are not taken into consideration for the list. To compare prices from these and other top-rated companies, click here.

Top 10 Large Auto Insurance Providers in Los Angeles Ranked by Claims Service

  1. AAA of Southern California
  2. State Farm
  3. Esurance
  4. AAA Insurance
  5. Progressive
  6. Liberty Mutual
  7. GEICO
  8. Allstate
  9. Titan Insurance
  10. The Hartford

Top 10 Large Auto Insurance Providers in Los Angeles Ranked by Customer Service

  1. AAA of Southern California
  2. GEICO
  3. State Farm
  4. The Hartford
  5. Mercury Insurance
  6. The General
  7. Progressive
  8. Allstate
  9. AAA Insurance
  10. American Family

How accidents and violations affect rates in Los Angeles

The easiest method to earn low car insurance premiums for veterans is to pay attention while driving and avoid getting tickets or having accidents. The information below demonstrates how citations and at-fault fender-benders can drive up insurance prices for each age group. The data is based on a married male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

The data charted above shows the average cost of car insurance per year with no accidents and a clean driving record is $2,882. Get written up for one speeding ticket and the average cost swells to $3,312, an increase of $430 each year. Then add in two accidents along with the one speeding ticket and the yearly cost of car insurance for retired military increases to an average of $6,941. That’s an increase of $4,059, or $338 per month, just for being a little careless behind the wheel!

The information below highlights how deductible choice can increase or decrease insurance premiums when searching for cheap insurance for retired military. The information is based on a single male driver, full physical damage coverage, and no discounts are factored in.

The chart above illustrates that a 40-year-old driver could pocket $362 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $546 by switching to a $1,000 deductible. Even younger insureds, like the age 20 example, have the ability to save $1,190 each year by using higher deductibles when buying full coverage. When choosing a higher deductible, it is essential to have plenty of savings on hand to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Who has the cheapest Los Angeles car insurance?

Los Angeles car insurance rates are impacted by many things which can substantially decrease or increase your annual premium. Getting older, moving across town, or getting a driving violation can trigger price changes that can make some companies more affordable than before.

Not only may your situation change, but car insurance companies file new California auto insurance rates at least once a year to adjust for heavy claims or excess profits. Heavy losses may cause high rates, while a lower level of claims may produce lower-priced Los Angeles car insurance rates.

To help illustrate this point, the data below shows the companies that have the cheapest car insurance in Los Angeles, CA for a 45-year-old female driver with no accidents, a clean driving record, and excellent credit. When quoting prices based on her current situation, USAA may have the lowest car insurance rates in Los Angeles at $1,813 per year. This is $162 more than the average price 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 next chart shows rates after we give the driver in the first example an at-fault accident, less-than-perfect credit, and a traffic ticket or two. Because each insurer uses their own method for establishing rates, comparing rates could now result in a significantly different list of cheap Los Angeles auto insurance companies as shown below.

Grange now has the lowest price on auto insurance in Los Angeles with GEICO, Mercury, Allied, and Progressive completing the list. This example illustrates why it is so important to perform an extensive rate comparison when trying to get cheap car insurance quotes for retired military. Insurance rates are made up of many factors and change dramatically, so the best price a year ago may now be priced much higher than other options.