The words “economical” and “auto insurance” probably shouldn’t be used in the same sentence, especially when looking for the cheapest auto insurance after a speeding ticket. Because it’s so expensive, let’s learn about some things that have an impact on insurance prices, and figure out some ways to take the sting out of the next policy you buy.
The type of vehicle needing coverage is one of the biggest factors that determines whether or not you find cheaper coverage after a speeding ticket. Vehicles with higher performance, a lack of modern safety features, or a high likelihood of having liability claims will cost more to insure than more economical and safe models.
The next table illustrates insurance rates for some of the most budget-friendly vehicles to insure in California.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,803 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,963 |
| Honda Accord EX-L 4-Dr Sedan | $1,972 |
| Ford Escape XLS 4WD | $1,965 |
| Honda Odyssey LX | $2,107 |
| Chevrolet Malibu LS | $2,135 |
| Toyota RAV4 2WD | $2,141 |
| Dodge Grand Caravan Hero | $2,135 |
| Toyota Prius | $2,143 |
| Dodge Ram Quad Cab ST 2WD | $2,166 |
| Ford Explorer Eddie Bauer AWD | $2,176 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $2,209 |
| Toyota Corolla S | $2,254 |
| Hyundai Elantra GLS 4-Dr Sedan | $2,261 |
| Chevrolet Impala LS | $2,277 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $2,295 |
| Jeep Grand Cherokee Limited 2WD | $2,305 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $2,325 |
| Honda Civic LX-S 4-Dr Sedan | $2,366 |
| Ford Edge Sport 2WD | $2,409 |
| Kia Optima EX | $2,444 |
| Toyota Camry XLE | $2,452 |
| Toyota Camry Hybrid | $2,444 |
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Data rating is based on single male driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, and homeowner. Rates do not factor in specific location which can influence premium rates noticeably.
Looking at the numbers, you can figure that models like the Honda CR-V, Volkswagen Jetta, and Honda Accord are a few of the most economical vehicles to insure after a few driving violations.
Finding good, low-priced auto insurance is not the easiest thing to do, and figuring out which companies have the most affordable car insurance rates after a speeding ticket takes even more shopping around. Every insurance company uses different criteria for determining rates, so we’ll take a look at the lowest cost car insurance companies in Oakland.
Cheap Insurance Rates with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Century National | $1,190 |
| 3 | Wawanesa | $1,192 |
| 4 | CSAA | $1,198 |
| 5 | Nationwide | $1,226 |
| 6 | 21st Century | $1,325 |
| 7 | Grange | $1,491 |
| 8 | Mercury | $1,503 |
| 9 | GEICO | $1,529 |
| 10 | Progressive | $1,542 |
| 11 | Allstate | $1,543 |
| 12 | Allied | $1,556 |
| 13 | The Hartford | $1,623 |
| 14 | MetLife | $1,638 |
| 15 | Unitrin | $1,699 |
| 16 | Esurance | $1,705 |
| 17 | State Farm | $1,750 |
| 18 | Bristol West | $1,849 |
| 19 | Travelers | $1,860 |
| 20 | Farmers | $2,006 |
| Find Your Rate Go | ||
USAA may have some of the most affordable car insurance rates in Oakland at around $1,109 annually. This is $542 less than the average policy premium paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide would also be considered some of the cheapest Oakland, CA car insurance companies.
In the above example, if you are currently insured with Century National and switched to USAA, you may see annual savings of in the vicinity of $81. Insureds with Wawanesa might save as much as $83 a year, and CSAA insureds might reduce prices by as much as $89 a year.
Bear in mind that those premium estimates are averages across all drivers and vehicles in California and do not factor in an exact location after a speeding ticket. So the company that has the lowest price for you may not even be in the top 24 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own individual information.
One of the many criteria that are looked at to help calculate car insurance rates is where you call home in Oakland. Regions with more people or even just more weather-related claims are more likely to have higher rates, whereas areas that tend to be more rural benefit from lower prices.
The next table lists the most expensive places in California after a speeding ticket to purchase a policy in. Oakland comes in at #4 costing $1,687 for the average insurance policy, which is approximately $141 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Los Angeles | $2,104 |
| 2 | Glendale | $2,058 |
| 3 | San Francisco | $1,763 |
| 4 | Oakland | $1,687 |
| 5 | Sacramento | $1,669 |
| 6 | Long Beach | $1,610 |
| 7 | Stockton | $1,588 |
| 8 | San Bernardino | $1,580 |
| 9 | Fontana | $1,566 |
| 10 | Riverside | $1,542 |
| 11 | Santa Clarita | $1,533 |
| 12 | Fresno | $1,517 |
| 13 | Garden Grove | $1,508 |
| 14 | Moreno Valley | $1,506 |
| 15 | Modesto | $1,502 |
| 16 | Santa Ana | $1,483 |
| 17 | Anaheim | $1,474 |
| 18 | San Jose | $1,437 |
| 19 | Fremont | $1,389 |
| 20 | Huntington Beach | $1,374 |
| 21 | Irvine | $1,371 |
| 22 | Bakersfield | $1,340 |
| 23 | San Diego | $1,340 |
| 24 | Oxnard | $1,318 |
| 25 | Chula Vista | $1,311 |
| Start a Quote Go | ||
Price information shown is approximated as specific Oakland zip code can affect coverage rates noticeably.
Full coverage rates compared to liability-only
Paying less for car insurance is the goal of most vehicle owners, and an effective way to find cheap insurance after a speeding ticket is to not insure for full coverage. The diagram below visualizes the comparison of auto insurance costs when comparing full coverage to liability only. The rates are based on no claims or driving violations, $500 deductibles, single marital status, and no discounts are taken into consideration.
On average, comprehensive and collision coverage on your policy costs an additional $2,075 per year more than carrying just liability coverage. Many drivers will wonder if full coverage is worth the money. There is no set guideline for phasing out physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s say your vehicle’s settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after you pay the deductible. If you are paying over $300 a year for full coverage, then you might consider buying liability only.
The diagram below demonstrates how choosing different deductibles can change yearly insurance costs when trying to find cheap insurance after a speeding ticket. The data assumes a married female driver, comp and collision included, and no discounts are taken into consideration.
In the chart above, a 50-year-old driver could cut expenses by $300 a year by switching from a $100 deductible up to a $500 deductible, or save $456 by changing to a $1,000 deductible. Even younger drivers, like the Age 20 category, could potentially save up to $750 or more by selecting a higher deductible.
If you make the decision to raise deductibles, it is necessary to have enough spare savings to enable you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Get discount Oakland auto insurance
Insurance providers that provide policies after a speeding ticket may additionally offer policy discounts that could reduce prices by as much as 35% or more if you are eligible to receive them. Companies and some of their more popular discounts include:
- State Farm includes discounts for accident-free, passive restraint, student away at school, Drive Safe & Save, safe vehicle, and good student.
- Progressive may include discounts for homeowner, continuous coverage, multi-policy, multi-vehicle, and online signing.
- Progressive offers premium reductions for online quote discount, good student, online signing, multi-vehicle, and continuous coverage.
- MetLife may have discounts that include multi-policy, claim-free, defensive driver, accident-free, and good student.
- Farm Bureau may offer discounts for 55 and retired, renewal discount, multi-policy, driver training, safe driver, multi-vehicle, and youthful driver.
- GEICO offers discounts including emergency military deployment, anti-theft, military active duty, multi-policy, federal employee, driver training, and defensive driver.
- SAFECO has discounts for drive less, bundle discounts, teen safe driver, homeowner, and accident prevention training.
The chart below illustrates the difference between auto insurance rates with and without discounts applied to the policy premium. The premiums are based on a female driver, three citations and no at-fault accidents, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple vehicle, homeowner, anti-theft, marriage, paid-in-full, and passive restraint discounts applied. When drivers qualify for the discounts, theaverage amount saved on car insurance after a speeding ticket is 28% or $1,152.