Average car insurance cost in San Francisco, CA

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The average car insurance cost in San Francisco, California is $2,777 per year, according to Insure.com data. This is $361 more than the average auto insurance cost in California and $882 more than the national average, as analyzed by Insure.com.

The rates can vary wildly depending on where they are filed. City demographics, including population density and average resident age, will affect how much money you spend on premiums which could make it cheaper or more expensive than other areas with different factors like accident rates, theft and vandalism rates, etc.

The article covers information on – the cheapest car insurance providers in San Francisco, the average car insurance rates by age, gender and how much is car insurance in San Francisco based on coverage limits. Whether you’re a new driver or have been driving for years, this article can help you find the best deal on cheap car insurance in San Francisco. Read on to learn more.

Cheap car insurance companies in San Francisco

Geico offers the most affordable car insurance in San Francisco for coverage limits of 100/300/100 at $1,925 per year.

The Progressive comes close second offering car insurance at $2,371 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in San Francisco that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in San Francisco, California:

Read about the best car insurance companies.

Average car insurance cost in San Francisco by coverage limits

In San Francisco, the average car insurance rates the coverage levels are as follows:

• State minimum coverage: $610 per year (limits are 25/50/25)
• Liability only coverage: $937 per year (limits are 50/100/50)
• Full coverage: $2,777 per year (limits are 100/300/100)
• Non-owners coverage: $319 per year

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in San Francisco

Based on an analysis by Insure.com, female drivers in San Francisco, California pay an average annual car insurance premium of $2,777. In comparison, male drivers pay $2,777 annually, which is equals to what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in San Francisco

In San Francisco, car insurance rates are highest for teens, averaging $7,171 per year or $598 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $4,149 annually for their car insurance, which is $3,022 less than what teens pay for their coverage.

In San Francisco, adult drivers pay an average of $2,828 per year for car insurance, while senior drivers pay $2,762 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

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

Car insurance rate trends in San Francisco

Examining car insurance rate trends in San Francisco, California, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 16% or $379.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in San Francisco, are higher than the average insurance cost in California. Shopping around and taking advantage of available discounts, drivers in San Francisco can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

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.