Finding out which company quotes the lowest-priced car insurance rates for electric cars involves a little more sweat in order to find the most economical policy. Every auto insurer has a unique approach for setting prices, so let’s examine the car insurance companies with the most affordable rates in Sacramento, CA.
Best Insurance Companies for EV’s
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Century National | $1,178 |
| 3 | Wawanesa | $1,181 |
| 4 | CSAA | $1,198 |
| 5 | Nationwide | $1,226 |
| 6 | 21st Century | $1,338 |
| 7 | Grange | $1,433 |
| 8 | Progressive | $1,512 |
| 9 | GEICO | $1,513 |
| 10 | Mercury | $1,548 |
| 11 | Allstate | $1,559 |
| 12 | Allied | $1,603 |
| 13 | The Hartford | $1,623 |
| 14 | MetLife | $1,654 |
| 15 | State Farm | $1,682 |
| 16 | Unitrin | $1,682 |
| 17 | Esurance | $1,705 |
| 18 | Travelers | $1,806 |
| 19 | Bristol West | $1,849 |
| 20 | Farmers | $1,946 |
| Quote Your Rates Go | ||
USAA quotes some of the lowest car insurance rates in Sacramento at around $1,109 a year. This is $542 less than the average price paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide are also some of the cheapest Sacramento, CA auto insurance companies.
As shown in the table above, if you have coverage with CSAA and switched to Century National, you could see savings of roughly $20. Insureds with Nationwide may save as much as $48 a year, and 21st Century customers might reduce rates by $160 a year.
These premiums are averages for all drivers and vehicles in California and and are not calculated with an exact vehicle garaging location for electric cars. So the car insurance company that is most affordable for your situation may not even be in the top 24 companies shown above. That illustrates why you need to get auto insurance quotes using your own driver data and vehicle information.
One of the many considerations that are looked at to help calculate car insurance rates is where you live in Sacramento. Regions with larger populations or more claims are more likely to have higher rates, whereas areas with less congestion get the luxury of paying less.
The next table sorts the most expensive cities in California for electric cars to purchase a policy in. Sacramento is ranked #5 with the yearly price of $1,703 on average, which is around $142 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Los Angeles | $2,146 |
| 2 | Glendale | $2,058 |
| 3 | San Francisco | $1,763 |
| 4 | Oakland | $1,755 |
| 5 | Sacramento | $1,703 |
| 6 | San Bernardino | $1,596 |
| 7 | Santa Clarita | $1,595 |
| 8 | Long Beach | $1,578 |
| 9 | Fontana | $1,566 |
| 10 | Garden Grove | $1,554 |
| 11 | Stockton | $1,541 |
| 12 | Fresno | $1,517 |
| 13 | Moreno Valley | $1,506 |
| 14 | Santa Ana | $1,497 |
| 15 | Riverside | $1,497 |
| 16 | Anaheim | $1,488 |
| 17 | Modesto | $1,487 |
| 18 | Huntington Beach | $1,402 |
| 19 | San Jose | $1,395 |
| 20 | Fremont | $1,348 |
| 21 | Irvine | $1,343 |
| 22 | Bakersfield | $1,340 |
| 23 | San Diego | $1,340 |
| 24 | Chula Vista | $1,337 |
| 25 | Oxnard | $1,318 |
| Find the Best Rates Go | ||
Price information shown is approximated as vehicle location can affect prices greatly.
How to get discounts on Sacramento auto insurance rates
Insurance companies that sell policies for electric cars may additionally offer price discounts that could potentially reduce rates by as much as 35% if you are eligible for them. Popular car insurance companies and their offered discounts are outlined below.
- GEICO includes discounts for seat belt use, anti-lock brakes, military active duty, defensive driver, and air bags.
- MetLife may offer discounts for good student, claim-free, accident-free, good driver, multi-policy, defensive driver
- Progressive discounts include multi-policy, multi-vehicle, online quote discount, good student, homeowner, online signing, and continuous coverage.
- Travelers has savings for good student, IntelliDrive, multi-policy, early quote, save driver, multi-car, and continuous insurance.
- SAFECO offers premium reductions for homeowner, teen safe driver, anti-lock brakes, multi-car, and accident prevention training.
- AAA offers discounts including multi-car, AAA membership discount, education and occupation, pay-in-full, and anti-theft.
The example below visualizes the comparison of insurance premiums with and without discounts. The information is 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 insurance cost with no discounts. The second bar shows the rates with marriage, safe-driver, anti-theft, accident-free, defensive driving course, and multiple policy discounts applied. When these discounts are applied, the average amount saved each year on car insurance for electric cars is 28% or $493.
Full coverage versus liability only rates
Saving money on car insurance is the goal of the majority of drivers, and one of the easiest ways to save on the cost of insurance for electric cars is to only buy liability coverage. The chart below shows the difference between auto insurance rates with full coverage and liability only. The rates are based on no claims or violations, $100 deductibles, marital status is single, and no discounts are applied.
If we average the cost for all age groups, comp and collision coverage costs $2,812 per year over liability only. That is a large expense which might make you wonder if you should buy full coverage at all. There is no definitive formula that is best for determining when to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your vehicle’s replacement value is $10,500 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $9,500 after paying your policy deductible. If you are paying more than $950 annually to have full coverage, then it might be time to consider dropping full coverage.
How to find cheaper car insurance for electric cars
Here are some thrifty suggestions that can help drivers find lower-cost coverage.
- Buying car and homeowners insurance together can save money
- Avoid filing small claims
- Raise deductibles to save money
- Increase your credit score
- Buy a vehicle with excellent safety ratings
- Remove physical damage coverage on older vehicles
- Comparison shop frequently
That last tip is highly valuable, as was stressed in this write-up. Insurance prices in Sacramento change a lot, so drivers shouldn’t hesitate to buy a different policy if you can find a cheaper rate. Having a favorite company is great, but it’s not a great idea if that loyalty ends up costing hundreds of dollars year after year. Take a few minutes and compare prices and find cheaper auto insurance for electric cars.
If you have coverage questions and would like to get help from a professional when shopping around for cheaper insurance for eco-friendly vehicles, the agencies below can most likely answer your questions and help you decide which coverage meets your needs best. To locate a Sacramento insurance agent by location nearest to you, click the button link following the list.
Valley Surety Insurance
947 Enterprise Dr # A – Sacramento, CA 95825 – (916) 567-6676
Greg Lauck – State Farm Insurance Agent
950 Fulton Ave #175 – Sacramento, CA 95825 – (916) 978-9110
Allstate Insurance: John Chandler
900 Jefferson Blvd #110 – West Sacramento, CA 95691 – (916) 374-1600
Monique Ambers – State Farm Insurance Agent
4331 Truxel Rd Ste G3 – Sacramento, CA 95834 – (916) 928-4747
Farmers Insurance – Wayne Wong
2015 Q St – Sacramento, CA 95811 – (916) 760-7858