Who Has the Cheapest Car Insurance Rates in Moreno Valley?

Moreno Valley is a mid-sized city in the United States, with a population of over 213,000 as of July 2019. The population growth was strong between 2010 and 2019, growing at 10.2% over that period and above the national average growth rate of 6.3%. The percentage of people between the ages of 18-65, the typical age range for the majority of drivers, is 63%, and 64% of the population above age 16 in the civilian labor force between 2014-2018.

The mean travel time to work for workers above the age of 16 was right around 35 minutes between 2014-2018. Compared to the national average commute tie of 27 minutes, that is a long time to spend on the road each week. Additionally, in 2019, Moreno Valley had 1079 total cases of reported vehicle theft, averaging out to 511.4 cases per 100,000 people, which is higher than the California average of 358.8 per 100,000 and above the national average.

Both the longer commute time and the existing theft rate may mean that vehicle owners in this area will pay more than the average for their car insurance. Add to that the fact that California has some of the highest rates in the country and you’ll want to make sure to do your research before you pay for insurance that costs more than you can afford.

How Much Car Insurance Coverage Do I Need in Moreno Valley

According to the California Department of Motor Vehicles, all individuals who are seeking to register a vehicle in the state must have, at minimum, insurance covering $15,000 for injury or death to one person, $30,000 for injury or death to multiple individuals, and $5,000 for property damage. This minimum is called liability insurance, and it will help cover the costs to a person other than the policyholder for personal injury or property damage in the advent of a crash where the policy holder is at fault. Additionally, it’s explicitly stated that comprehensive or collision insurance does not necessarily meet the state’s minimal vehicle financial responsibility requirements, so you’ll need to be aware of that when you’re looking for insurance.

Furthermore, insurance companies in California are required by law to report private-use vehicle insurance information of policyholders to the state and those without proof of insurance will have their vehicle’s registration suspended until the necessary proof is submitted. Typically, it’s not recommended that you purchase minimum coverage for car insurance in California, as the coverage is quite low. In particular, the $5,000 minimum threshold for property damage coverage would be unlikely to cover the costs if the policyholder is in a crash with a high-value vehicle or a severe accident totaling the other party’s car. Additionally, the $15,000 coverage for injury or death to one person is unlikely to be enough to help cover the costs if the crash results in permanent disability or severe injuries to the other party.

Most Expensive and Least Expensive Insurance Rates by Zip Code

Cheap Car Insurance in Moreno Valley by Insurer

Many companies provide affordable car insurance in California. It’s important, however, to consider your personal needs when choosing car insurance and to select a policy plan based on its important coverage characteristics rather than simply choosing the minimum coverage plan. It’s also important to check out each insurance company’s customer service ratings in the area before you select a plan.

Check out our guide to find cheap auto insurance rates close by.

Low Cost Auto Insurance for Bad Credit in Moreno Valley

Drivers with bad credit can still purchase car insurance in California at the same price as drivers with the best credit, as credit cannot be used in the state as a determinant for policy rates.

Are you looking for cheap insurance with bad credit? Check out this guide.

Differences Between the Two Main Coverages

What is Liability Only Insurance Coverage?

Liability-only coverage is the cheapest option for automobile insurance. This coverage level only covers vehicles that are not at fault in an accident. Thus, if you carry liability-only coverage and cause an accident, the other driver will be covered by your policy. Any damage done to your car must be covered out of pocket, if at all.

Another way to think of liability insurance is that it protects you from claims made by another driver. Without the protection of insurance, you might be sued if you were to collide with another vehicle.

Full Coverage Auto Insurance

Full Coverage is a commonly used term which covers more than just the damage you might cause in an accident, or the coverage you are liable for. If your policy covers your liability to another vehicle, the damage done to your vehicle (collision insurance), and any incidental damage done to your car by any non-auto elements (comprehensive coverage), then you have a policy that is indeed full coverage. If you have a new car, you may wish to cover it with such a policy, as you might want the peace of mind that any damage will be covered by insurance.

Difference Between the Two Types of Coverage

Liability and Full coverage policies have many distinctions but the chief one is that under a liability policy your car is not covered. If you are in an accident and are found at-fault, your liability policy will cover the other driver and her passengers. A full coverage policy, on the other hand, covers damage done to your car as a result of a wide range of accidents, even if you are at-fault. These policies also differ when it comes to premium payments.

Average Annual Car Insurance Rates in California by City

Additional cities in California you can check out.

Take Advantage of These Car Insurance Discounts

Find additional ways to save on your Moreno Valley car insurance premiums with these insurance discounts:

  • Raise your deductible

    If you are willing to pay more money for a deductible, in the event of an accident, then you can lower your insurance rates substantially. You can lower your premium to around 10% just by raising your deductible to around $1,000.

  • Drop Collision Coverage on Old Cars

    Dropping collision coverage on older cars can really help save you a lot, especially for cars that are more than ten years old and only worth four or five thousand dollars. Think about it, if you have an accident while driving an older car, are you really going to pay to repair it or just buy a new car?

  • Check Insurance Rates for Your Car’s Make and Model

    The make and model of your car can make a big difference in how much you pay for auto insurance. Therefore, before purchasing a new car, be sure and check the insurance rates for it as some can be much higher than others.

  • Shop Around to Check Rates from Numerous Insurance Companies

    The chart in this article should be enough proof to know that there can be a big difference in what various insurance companies charge for auto insurance. That is why it is a good idea to check rates from a number of insurance companies before deciding which plan to choose.

  • Drive Fewer Miles

    One of the questions asked when applying for auto insurance rates, is how many miles you drive regularly. This is because the more miles you drive, the more risk you are to the insurance company and the higher your insurance cost will be. Try to drive fewer miles, if possible, to save more money on your premiums.

  • Maintain a Good driving record

    Being a safe driver can not only save your life, but it can also save you a lot of money, too. There is a big difference in how much people with accidents on their record have to pay, and what those without any accidents pay. Therefore, always drive safely.

  • Live in a less populated area

    Your location matters when it comes to auto insurance rates. If you live in a highly populated area, your rates will be higher than if you live in a lower-population area. The Jefferson and New Orleans areas have some of the highest rates in Louisiana, but if you live just 30 minutes outside of the city, you can expect your rates to go down.

Use this guide to find discounts here.

Factors That Affect Your Car Insurance Premiums

As you can see, car insurance rates are influenced by a complex set of factors, all of them are determined by risk data for each insurance agency. How much each agency charges, though, based upon similar risk data, can vary widely. In the case of younger drivers, they can save literally thousands of dollars each year by shopping around. The insurance agencies will charge drivers different rates for their automobile insurance premiums by their age and marital status, driving record, area they live in, and whether they carry liability-only or full coverage insurance. If the customer opts for collision insurance, the carriers will charge more for a lower deductible.

Since there are so many factors to take into consideration in how much an insurance agency charges you for automobile insurance, it quite literally pays to thoroughly educate yourself about automobile insurance and to shop around for the best quote.

Learn how driving violations can affect your car insurance rates.

Helpful Moreno Valley, California Vehicle Resources:

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DMV (Find Locations, Vehicle Registration, Titles and Insurance Info)


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