How to Save on Car Insurance in Escondido

When searching for lower-priced insurance, are you baffled by the wide range of insurance choices in Escondido? You’re not alone. There are so many choices available that it can turn into a real difficult job to locate the lowest premium rates. Lots of people think Escondido has many things to offer, but getting gouged by high insurance rates can make it hard for many drivers to purchase enough protection.

A study showed that almost 70% of insureds have remained with the same insurance company for a minimum of four years, and 38% of customers have never even shopped around for cheaper coverage. California drivers could save themselves 35% a year, but they don’t invest the time required to compare rates.

How insurance companies determine insurance rates

Smart consumers have a good feel for some of the things that help calculate the price you pay for insurance. If you have a feel for what determines premiums, this allows you to make good choices that can earn you big savings.

The majority of larger companies such as State Farm, GEICO and Progressive make it easy to get prices for coverage on their websites. Getting online rates is very simple because you just enter your personal and coverage information into the form. Upon sending the form, their rating system obtains reports for credit and driving violations and generates a price based on many factors.

This makes comparing rates easy, and it is imperative to perform this step in order to find lower-cost rates.

To quickly find out how much you can save on car insurance, compare quotes from the companies shown below. If you have your current policy handy, we recommend you copy the coverage information identical to your current policy. Doing this guarantees you will have a rate comparison based on identical coverages.

The auto insurance companies shown below can provide free quotes in California. If multiple companies are shown, we suggest you visit two to three different companies in order to get a fair rate comparison.

Insurance Cost Estimates for Popular Vehicles in Escondido
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LS $1,462 $731 $122
Chevrolet Silverado LTZ Crew Cab 2WD $1,388 $694 $116
Dodge Grand Caravan SE $1,108 $554 $92
Dodge Ram Crew Cab Sport 4WD $1,788 $894 $149
Ford Escape Limited 2WD $906 $453 $76
Ford F-150 Lariat Super Cab 4WD $1,566 $783 $131
Ford Focus S 4-Dr Sedan $1,366 $683 $114
Ford Fusion SEL AWD 4-Dr Sedan $1,708 $854 $142
GMC Sierra SLE Regular Cab 2WD $1,332 $666 $111
Honda Accord LX-P 4-Dr Sedan $1,174 $587 $98
Honda CR-V EX 2WD $1,138 $569 $95
Honda Civic SI 2-Dr Coupe $1,850 $925 $154
Hyundai Sonata SE 4-Dr Sedan $1,766 $883 $147
Nissan Altima 2.5 4-Dr Sedan $1,396 $698 $116
Toyota Camry Hybrid $1,586 $793 $132
Toyota Corolla XLE $1,302 $651 $109
Volkswagen Jetta 2.0T 4-Dr Sedan $1,830 $915 $153
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in specific location information which can raise or lower price quotes substantially.

Physical damage deductible comparison

The hardest decision when buying coverage is where should you set your physical damage deductibles. The rates below may help to illustrate the price difference when you buy lower versus higher physical damage deductibles. The first data table uses a $250 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Chevrolet Malibu rates are for example purposes only. To get rates for your specific vehicle, click here.

Chevrolet Malibu insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $342 $576 $442 $26 $132 $1,543 $129
Malibu Hybrid $342 $576 $442 $26 $132 $1,543 $129
Malibu LT $386 $576 $442 $26 $132 $1,587 $132
Malibu LTZ $386 $678 $442 $26 $132 $1,689 $141
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Chevrolet Malibu insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $210 $362 $442 $26 $132 $1,172 $98
Malibu Hybrid $210 $362 $442 $26 $132 $1,172 $98
Malibu LT $238 $362 $442 $26 $132 $1,200 $100
Malibu LTZ $238 $426 $442 $26 $132 $1,264 $105
Get a Quote for Your Vehicle Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rates do not factor in garaging location in Escondido which can raise or lower price quotes noticeably.

Based on the figures above, using a $250 deductible will cost in the ballpark of $33 more each month or $396 each year than opting for the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 23 months between claims, you would save more money if you choose the higher deductible.

Careless drivers pay higher rates

The information below demonstrates how traffic citations and accident claims drive up Kia Optima yearly insurance costs for each different age category. The rates are based on a single female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Why you need to buy insurance

Despite the high cost, paying for insurance is most likely required but also gives you several important benefits.

The benefits of buying enough insurance definitely exceed the cost, particularly when you have a large claim. According to a recent study, the average American driver overpays more than $850 per year so it’s very important to do a rate comparison at every policy renewal to help ensure money is not being wasted.

Lower rate quotes by taking advantage of discounts

Not many people think insurance is cheap, but you might find some hidden discounts to help offset the cost. Some discounts will apply when you get a quote, but some discounts are required to be asked about in order for you to get them. If you don’t get every credit you deserve, it’s possible you qualify for a lower rate.Save money with discounts

One thing to note about discounts is that some of the credits will not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. Just because it seems like adding up those discounts means a free policy, it’s just not the way it works.

To find insurers who offer insurance discounts in Escondido, click here to view.

Compare rates but buy from a neighborhood Escondido auto insurance agent

Some consumers prefer to sit down with an agent and that is a smart decision An additional benefit of getting online price quotes is that you can find cheap car insurance rates and still have a local agent. Buying from and supporting neighborhood insurance agencies is especially important in Escondido.

Insurance agents in EscondidoTo find an agent, once you fill out this simple form, the quote information is emailed to local insurance agents that can provide free Escondido auto insurance quotes and help you find cheaper coverage. You don’t have to even leave your home as quotes are delivered directly to your email. You’ll get the best rates and work with a local agent. If you want to quote rates from a specific insurance company, you just need to jump over to their website and complete a quote there.

Do you need an independent or exclusive car insurance agent?

If you are wanting to find an insurance agent, you must know there are a couple different types of agencies and how they differ in how they quote coverages. Agents are considered either independent agents or exclusive agents.

Independent Agents (or Brokers)

Independent agents are normally appointed by many insurers so they have the ability to put coverage with many different companies and find you the best rates. If you are not satisfied with one company, the business is moved internally which makes it simple for you.

If you are comparing rate quotes, you need to include rate quotes from independent agents for maximum quote selection. Most also have access to smaller regional carriers that many times have cheaper rates.

Listed below are Escondido independent agencies that may be able to give comparison quotes.

More Escondido agents

Exclusive Agents

Agents in the exclusive channel can only place business with one company like State Farm, Allstate, and Farm Bureau. They are unable to shop your coverage around so they have to upsell other benefits. Exclusive agencies receive a lot of sales training on their company’s products which helps them sell insurance even at higher premiums. Some insured continue to use the same exclusive agent primarily because of the brand name rather than having low rates.

The following is a short list of exclusive insurance agencies in Escondido willing to provide comparison quotes.

More Escondido agents

Choosing a auto insurance agent should include more criteria than just a cheap quote. Here are some questions you might want to ask.

You can find cheaper coverage

We just presented many ideas to compare insurance premium rates in Escondido. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding low cost Escondido auto insurance quotes. Consumers may even find the best premium rates are with a company that doesn’t do a lot of advertising.

As you shop your coverage around, make sure you don’t skimp on coverage in order to save money. In too many instances, someone dropped comprehensive coverage or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at the best possible price, but do not sacrifice coverage to save money.

The cheapest insurance in Escondido is definitely available on the web in addition to local insurance agencies, and you should be comparing both in order to have the best price selection to choose from. There are still a few companies who do not offer price quotes online and these small, regional companies prefer to sell through independent agents.

Additional information