Wouldn’t it be perfect if you could know instantly the company that has the best rates for low credit scores? That is not the case, however, as there are a ton of unknown factors such as what liability limits you need, how high your deductibles should be, your financial stability, and if you have ever let your policy lapse, that help determine the price you have to pay. This article will detail the causes of high insurance rates and will hopefully give you a solid foundation to find cheaper car insurance.
The type of vehicle requiring coverage is probably the biggest factor when trying to find the most affordable auto insurance for low credit scores. Vehicles with limited top-end speed, an excellent safety record, or a low likelihood of having liability claims will cost significantly less to insure than high performance models.
The next list outlines car insurance rates for some of the cheaper automobiles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Dodge Grand Caravan SE | $1,369 |
| Hyundai Elantra GLS Touring Station Wagon | $1,396 |
| Ford Escape XLS 4WD | $1,406 |
| Chevrolet Equinox LS 2WD | $1,444 |
| Chevrolet Malibu LS | $1,452 |
| Toyota Camry LE | $1,444 |
| Honda CR-V LX 2WD | $1,494 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,547 |
| Kia Optima LX | $1,552 |
| Ford F-150 XLT Regular Cab 4WD | $1,567 |
| Ford Explorer XLT 2WD | $1,575 |
| Honda Accord EX 2-Dr Coupe | $1,622 |
| Chevrolet Silverado Crew Cab Hybrid 4WD | $1,649 |
| GMC Sierra 2500HD SLE Regular Cab 2WD | $1,656 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,655 |
| Toyota Prius | $1,660 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,712 |
| Ford Edge SEL AWD | $1,737 |
| Honda Odyssey EX-L W/Navigation | $1,740 |
| Toyota RAV4 Limited 4WD | $1,772 |
| Chevrolet Impala LT | $1,781 |
| Ford F-250 King Ranch Crew Cab 4WD | $1,777 |
| Honda Civic EX 2-Dr Coupe | $1,797 |
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Prices do not factor in specific garaging location which can revise prices considerably.
By looking at the data, models like the Dodge Grand Caravan, Hyundai Elantra, Ford Escape, Chevrolet Equinox, and Chevrolet Malibu are most likely going to be a few of the more affordable vehicles to insure for bad credit.
One of the more important considerations that are looked at to determine car insurance rates is where you choose to live. Areas with more people or higher crime rates tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims receive better rates.
The table below sorts the priciest cities in California for low credit scores to purchase car insurance in. Sacramento shows up at #4 with a yearly cost of $1,720 for the average policyholder, which is around $143 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Los Angeles | $2,168 |
| 2 | Glendale | $2,079 |
| 3 | Oakland | $1,738 |
| 4 | Sacramento | $1,720 |
| 5 | San Francisco | $1,693 |
| 6 | San Bernardino | $1,596 |
| 7 | Santa Clarita | $1,595 |
| 8 | Stockton | $1,588 |
| 9 | Long Beach | $1,578 |
| 10 | Garden Grove | $1,524 |
| 11 | Fontana | $1,519 |
| 12 | Moreno Valley | $1,506 |
| 13 | Fresno | $1,502 |
| 14 | Modesto | $1,502 |
| 15 | Riverside | $1,497 |
| 16 | Santa Ana | $1,439 |
| 17 | Anaheim | $1,430 |
| 18 | Bakersfield | $1,394 |
| 19 | San Jose | $1,381 |
| 20 | Huntington Beach | $1,374 |
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Table data uses comparative as the specific geographic location can increase or decrease rates significantly.
The chart below highlights how deductible choice can influence insurance costs when getting quotes for cheap insurance for low credit scores. The premiums are based on a married female driver, full coverage, and no discounts are taken into consideration.
A 40-year-old driver could lower their car insurance rates by $300 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $456 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, can cut $750 each year just by choosing higher deductibles when buying full coverage. When raising deductibles, it is necessary to have enough in a savings account to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Cautious drivers save money
The obvious way to receive affordable auto insurance prices in Sacramento for bad credit is to be a good driver and avoid getting tickets or having accidents. The example below demonstrates how traffic citations and accidents can impact insurance premiums for different categories of driver ages. The information is based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
In the example above, the average cost of car insurance in Sacramento per year with no accidents and a clean driving record is $2,467. Get one speeding ticket and the average cost swells to $2,787, an increase of $320 each year. Now include one accident along with the one speeding ticket and the annual cost of auto insurance for low credit scores increases to an average of $3,677. That’s an increase of $1,209, or $101 per month, just for a couple of infractions!
Best auto insurance company in Sacramento
Buying coverage from the top auto insurance provider can be challenging considering how many companies sell insurance in California. The ranking data shown next can help you pick which coverage providers to look at when comparing insurance rates for low credit scores. These ratings are only comprised of the largest auto insurers in America, so companies that only write business in California or surrounding areas are not taken into consideration for the list.
Top 10 Large Auto Insurance Providers in Sacramento 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+
What aren’t you shopping around?
Sacramento, CA auto insurance rates are impacted by many things that may substantially change your annual premium. Turning one year older, becoming a homeowner, or getting caught speeding can produce rate changes resulting in some companies being more affordable than before. Also, auto insurance companies modify rates at least once a year to ensure their profitability. An extended period of higher than normal claims may result in higher priced premiums, while lower claim expenses may cause more affordable Sacramento car insurance rates.
For instance, the graph below shows the company with the cheapest car insurance in Sacramento, CA for a 35-year-old female driver with a good driving record, no prior claims, and a high credit rating. When quoting prices based on her current situation, USAA might quote the lowest car insurance rates in Sacramento at $1,390 per year. This is $261 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National round out the rest of the most affordable Sacramento, CA auto insurance companies.
The chart below compares rates after we give the driver from the first example an accident claim, slightly worse credit, and a stop sign violation. Because each insurer uses their own calculation for establishing rates, comparing quotes may now show a new list of cheap Sacramento auto insurance companies as shown below.
Mercury now has the cheapest price in Sacramento, CA with Grange, Progressive, Allied, and Allstate now being in the top five. This demonstrates why it is so important to perform an extensive rate comparison when trying to get cheap auto insurance rates for low credit scores. Prices are influenced by many factors and change substantially, so the most economical company when you last compared rates may now be quite expensive.
The agents below can help you decide which insurance coverage will be best for you, since many people would rather have professional advice when shopping for the best coverage for low credit scores. It’s not always easy to find the best policy on your own, so a licensed agent can bring peace of mind knowing your policy gives you decent coverage if you have a claim. To find a Sacramento insurance agency using an interactive map, click the link at the bottom.
- Travis Beyer – State Farm Insurance Agent
2455 Jefferson Blvd #115 – West Sacramento, CA 95691 – (916) 375-0144 - Leland Insurance Agency
910 Florin Rd # 108 – Sacramento, CA 95831 – (916) 428-1309 - Valley Surety Insurance
947 Enterprise Dr # A – Sacramento, CA 95825 – (916) 567-6676 - Tim Kwong – State Farm Insurance Agent
1035 Jefferson Blvd #5 – West Sacramento, CA 95691 – (916) 371-4730