However, too many drivers with eligible income remain uninsured because the costs of standard insurance premiums are out of their financial reach. Learn about affordable solutions that can help protect you, your friends, family and other drivers on the road. The state of California doesn't allow insurance companies to rate drivers based on their credit rating, which is great news for young drivers and for drivers whose credit scores are lower than they would like them to be. The minimum levels of state insurance only cover liability for bodily injury and property damage, meaning that drivers who only purchase the minimum are not covered for damage to their own vehicle and have no protection against uninsured or underinsured motorists.
California's minimum insurance requirements are very low, meaning that drivers who suffer a serious accident could still be responsible for thousands of dollars in damages beyond what their insurance coverage offers. However, just because they're the most affordable doesn't mean that they're necessarily the right insurance company for you. Zip codes are one of the most important factors in setting auto insurance rates because rates are determined, in part, by the number of accidents, traffic tickets, and car thefts in a given zip code. Insurance companies may qualify based on gender in some states, but California is one of several states that have made it illegal for policy providers to use gender to determine insurance rates.
The final insurance policy premium for any policy is determined by the insurance company upon application. Some states allow insurance companies to rate drivers based on their credit rating because they believe that drivers with lower credit scores are more likely to file a claim. The best way for California drivers to save money on car insurance is to compare quotes from several companies. The California Low-Cost Auto Insurance Program is offered by the California Department of Insurance and is administered by the California Assigned Auto Risk Plan (CAARP).
The Department of Insurance is grateful for the opportunity to provide a CLCA expert to speak at events in their community. The Department of Insurance cannot guarantee the accuracy of this translation and, therefore, is not responsible for inaccurate information resulting from the translation request tool. Policygenius has analyzed the auto insurance rates offered by Quadrant Information Services for each zip code in the 50 states, in addition to the military discount in Washington, D.: many insurance companies offer discounts to active members of the military and their families. Package discount: Having all your insurance policies with the same provider is a great way to keep your insurance rates low.