Average car insurance cost in Los Angeles, CA

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Based on an analysis by Insure.com, the typical car insurance expense in Los Angeles, California is $3,149 annually. Furthermore, car insurance premiums in Los Angeles are $733 more than compared to the state average in California and $1,254 more than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Los Angeles, the average car insurance rates by age and gender, and the costs in Los Angeles based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Los Angeles. Keep reading to learn more.

Cheap car insurance companies in Los Angeles

At an average of $2,805 per year with full coverage limits of 100/300/100, Geico provides the most affordable car insurance in Los Angeles.

Ranked as the second most affordable company in Los Angeles, CSAA Insurance (AAA) provides car insurance at $2,845 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Los Angeles that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Los Angeles, California:

Read about the best car insurance companies.

Average car insurance cost in Los Angeles by coverage limits

The average car insurance rates in Los Angeles by coverage type are as follows:

• State minimum coverage: $748 per year (limits of 25/50/25)
• Liability-only coverage: $1,177 per year (limits of 50/100/50)
• Full coverage: $3,149 per year (limits of 100/300/100)
• Non-owners coverage: $422 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Los Angeles

The average car insurance per year for female drivers in Los Angeles, California, is $3,149.

Whereas the yearly average car insurance rate for male drivers is $3,149, which is equals to what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Los Angeles

In Los Angeles, teenagers have the highest car insurance rates, at $8,356 per year or $696 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $4,740 annually for car insurance, which is $3,616 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Los Angeles have car insurance rates of $3,191 and $3,133 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Los Angeles

Examining the trends in car insurance rates in Los Angeles, California it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 7%, or $212.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Los Angeles are higher than the average rates in California. Drivers in Los Angeles can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.