Who Has the Cheapest Car Insurance Rates in San Francisco?
San Francisco is justifiably known as one of the most expensive cities in the US. Housing costs are through the roof and the same seems to hold true for car insurance.
The city’s population at the beginning of July 2018 was 883,305. San Francisco is a big city with high traffic. Someone who is trying to commute from home to work spends a little more than half an hour (33.3 minutes) en route. In 2018, the number of reported vehicle thefts came in at 23,064. This put the per capita rate of vehicle thefts at 487.66, putting San Francisco at No. 18 for auto thefts.
Commute time, distance to work, traffic, accidents, and the vehicle theft rates for San Francisco lead insurance companies with California offices to charge vehicle owners within the city high premiums. This is true for most large cities, but it doesn’t help that costs in San Francisco are high in general.
That’s part of why it’s so important to do your research and really look around at your options when you start looking for car insurance. Find a company that’s willing to offer you a bundle or to take your excellent driving record into account. The right insurance for you is out there. Don’t stop until you find it.
How Much Car Insurance Coverage Do I Need in San Francisco
A ZIP code isn’t the only indicator of how expensive vehicle insurance might be. The make and model of the car (sports car), driving history (and possibly the criminal history of the driver), and more all have an impact on the cost of an annual premium. Other factors include how many miles the vehicle owner estimates that he’s going to drive in the next calendar year—the higher the estimated mileage, the higher the monthly and annual premium will be.
If you’re looking for car insurance in CA, your first step will be to make sure that what you’re paying for covers the state minimums. In California, the state requires that you carry enough insurance to cover the possibility of injury and property damage in the event of an accident. Specifically, they require you to carry $15,000 for injury to a single person, $30,000 to cover injuries to multiple persons, and at least $5,000 to cover any property damage an accident may cause.
Most Expensive and Least Expensive Insurance Rates by Zip Code
Cheap Car Insurance in San Francisco by Insurer
If you can’t afford expensive car insurance, you’ll have to turn to less expensive, and less thorough coverage. This usually means taking minimum coverage rather than full coverage. Different companies weight various factors differently, so it’s worth looking for quotes from a variety of companies before making a final decision.
Low Cost Auto Insurance for Bad Credit in San Francisco
Unlike most other states, CA doesn’t allow insurance companies to include your credit rating in their risk assessment. This means that, even if you have terrible credit, you can still find affordable car insurance if you have a decent driving record and at least a few other good marks in low-risk categories.
Full Coverage Vs. Liability Coverage
What is Liability Only Insurance Coverage?
Liability insurance will pay for the injuries and/or damages that you cause to others in the case of a collision where you were at fault. In most cases, liability insurance will cost less than full-coverage insurance, but then again, they are both very different in what they cover. Liability is mandatory in all U.S. states, although how much liability you are required to have differs between states. Even if it wasn’t mandatory to have liability insurance, accidents can happen anytime and, if they do, you will need to be able to pay for the damages that you cause if you were the one to blame.
Full Coverage Auto Insurance
Full coverage auto insurance in Arizona pays for your injuries and the damages made to your car as well as for others and isn’t just a specific type of a policy but it is instead liability, comprehensive insurance, and collision all combined. Full coverage insurance is not mandatory, but is good to have since it will help pay for your car to be fixed in the event of an accident that causes you injury or damage to your car, even if you were at fault. If the other person that collided with you was at fault, then their insurance will cover the damages to your car and your injuries. This is why there are laws requiring everyone to have insurance to cover the damages they cause.
What is the Difference Between the Two Types of Car Insurance?
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
What are the Factors that Affect Your Auto Insurance Premiums?
There are quite a few factors included in determining your cost for auto insurance such as:
Check Out Car Insurance Companies in San Francisco and Reviews
Helpful San Francisco, California Vehicle Resources:
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DMV in California (Find Locations, Vehicle Registration, Titles and Insurance Info)