One of the more important components that aid in calculating car insurance rates is where you keep your vehicle in Oakland. Regions with larger populations or more claims tend to have more expensive auto insurance rates, whereas less populated areas benefit from having to pay less for coverage.
The following table rates the highest-priced places in California for teenage males in which to buy car insurance. Oakland is ranked at #5 costing $1,687 for the average insured, which is about $141 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Los Angeles | $2,146 |
| 2 | Glendale | $2,058 |
| 3 | Sacramento | $1,720 |
| 4 | San Francisco | $1,693 |
| 5 | Oakland | $1,687 |
| 6 | San Bernardino | $1,628 |
| 7 | Santa Clarita | $1,580 |
| 8 | Long Beach | $1,562 |
| 9 | Garden Grove | $1,554 |
| 10 | Moreno Valley | $1,551 |
| 11 | Stockton | $1,541 |
| 12 | Fontana | $1,535 |
| 13 | Modesto | $1,532 |
| 14 | Fresno | $1,517 |
| 15 | Riverside | $1,482 |
| 16 | Anaheim | $1,444 |
| 17 | Santa Ana | $1,439 |
| 18 | San Jose | $1,423 |
| 19 | Fremont | $1,389 |
| 20 | Huntington Beach | $1,374 |
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Price information shown is estimated as the specific geographic location can increase or decrease coverage rates considerably.
The make and model of vehicle you are insuring is probably the largest consideration when comparing quotes for economical auto insurance for teenage males. Vehicles with reasonable performance levels, excellent safety ratings, or a positive history of liability claims will cost much less to insure than fast, unsafe models.
The next table ranks coverage rates for some of the most cost-effective vehicles to insure in California.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $5,891 |
| Ford Escape XLT 2WD | $5,896 |
| Honda CR-V EX-L 4WD | $5,948 |
| Toyota Prius | $6,367 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $6,572 |
| Ford F-150 FX2 Super Cab 2WD | $6,630 |
| Dodge Grand Caravan CV | $6,640 |
| Ford Edge SEL AWD | $6,934 |
| Ford Focus S 4-Dr Sedan | $6,941 |
| Toyota Camry LE | $6,991 |
| Chevrolet Malibu Hybrid | $6,996 |
| Toyota RAV4 2WD | $6,991 |
| Volkswagen Jetta LE 4-Dr Sedan | $7,001 |
| Nissan Altima 2.5 4-Dr Sedan | $6,991 |
| Chevrolet Impala LT | $7,001 |
| Toyota Tacoma Double Cab 4WD | $7,048 |
| Ford Explorer Limited 2WD | $7,056 |
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Premium data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in Oakland, CA location which can decrease or increase prices considerably.
Looking at the rates, you can see that makes and models like the Honda Accord, Ford Escape, and Honda CR-V will be a few of the more affordable vehicles to insure for teen boys. The cost of a car insurance policy will be more expensive just because there is a higher risk for teenage males, but generally speaking those models will probably have the cheapest car insurance rates compared to other types of vehicles.
Deciphering which company quotes the best insurance rates for teenage males requires a tad more effort in order to find coverage that fits your budget. Every auto insurer has their own guidelines for determining prices, so let’s examine the insurance companies with the overall best prices in California.
Keep in mind that Oakland, CA insurance rates are based on many factors that may substantially change the cost of coverage. Simply getting older, buying a different vehicle, or getting a speeding ticket can produce rate changes resulting in some companies being cheaper than others.
Best Auto Insurance Prices for Teens
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,109 |
| 2 | Wawanesa | $1,146 |
| 3 | CSAA | $1,186 |
| 4 | Nationwide | $1,226 |
| 5 | Century National | $1,226 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,491 |
| 8 | Mercury | $1,533 |
| 9 | Allstate | $1,543 |
| 10 | Progressive | $1,558 |
| 11 | GEICO | $1,559 |
| 12 | Allied | $1,588 |
| 13 | MetLife | $1,590 |
| 14 | The Hartford | $1,623 |
| 15 | State Farm | $1,682 |
| 16 | Unitrin | $1,682 |
| 17 | Esurance | $1,756 |
| 18 | Bristol West | $1,849 |
| 19 | Travelers | $1,860 |
| 20 | Farmers | $2,026 |
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USAA generally has some of the best car insurance rates in Oakland at around $1,109 annually. This is $542 less than the average price paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National would also make the list of some of the more affordable Oakland, CA insurance companies.
As illustrated above, if you buy coverage from Nationwide and switched to USAA, you may see a yearly savings of in the neighborhood of $117. Insureds with Century National could save as much as $117 a year, and 21st Century customers might realize rate reductions of up to $270 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or click several companies below for low rates.
It’s important to note that these policy rates are averaged across all insureds and vehicles and and are not calculated with an exact vehicle garaging location for teenage males. So the insurer that can offer you the best rate may not even be in the top 24 companies shown above. That affirms the importance of why you need to get rate quotes using your own personal information and vehicle type.
Full coverage versus liability-only in Oakland
Paying a lower price for insurance is the goal of the majority of vehicle owners, and one of the fastest ways to buy cheap insurance for teenage males is to not pay for full coverage. The information below illustrates the difference between insurance prices with full physical damage coverage compared to only buying liability only. The prices are based on no claims or driving citations, $500 deductibles, marital status is single, and no discounts are applied.
If we average all the age groups together, full coverage costs an additional $2,075 per year over and above liability only. That is a large expense which might make you wonder if buying full coverage is a waste of money. There is no specific rule that works best for making the decision to drop full coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is about 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s settlement value is $11,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $10,500 after you pay the deductible. If premium cost is more than $1,050 annually to have full coverage, then you may want to consider only buying liability coverage.
The illustration below shows how choosing a deductible can raise or lower premium costs when searching for cheap insurance for teenage males. The premium estimates are based on a married male driver, full coverage, and no other discounts are factored in.
The chart above illustrates that a 40-year-old driver could save $416 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $626 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could save as much as $1,398 annually by using higher deductibles when buying full coverage.
If you do make the decision to raise your deductibles, it is essential to have emergency funds available to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Who has the cheapest Oakland car insurance?
Oakland insurance rates are impacted by many things which can substantially change your annual premium. Simply turning a year older, moving to a different location, or getting a DUI may prompt premium changes that can now make some companies affordable when they were higher priced. Not only that, but insurers amend pricing without warning in order to maintain liquidity for claims. Heavier than normal losses can result in additional premium costs, while profitable underwriting may cause lower-priced Oakland car insurance rates.
The data below shows which company has the cheapest car insurance in Oakland, CA for a 40-year-old male driver with a clear driving record, no claims, and a high credit rating. If we estimate prices based on his current risk profile, USAA quotes the best car insurance rates in Oakland at $1,501 a year. This is $150 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also included in the best Oakland, CA auto insurance companies.
The example below compares rates after we give the driver from the above example a chargeable claim, slightly worse credit, and a blemish on his driving record. Since every car insurance company uses their own calculation for determining rates in each state, analyzing rates may now show a significantly different list of companies as shown below.
Grange now has the lowest price in Oakland, CA with Progressive, Mercury, Allstate, and Allied now rounding out the top five. This shows why consumers need to compare lots of rates to get the cheapest car insurance quotes for teenage males.
Insurance rates are determined by many factors and can change without notice, so the lowest-price company the last time you shopped your coverage around may now be priced much higher than other options.
How to find more affordable car insurance for teenage males
Below you’ll find a few thrifty suggestions that can help California drivers locate cheap coverage.
- Raise deductibles
- Claim-free drivers earn discounts
- Drivers with good credit often pay less
- Do not pay for full coverage on older vehicles
- Safe vehicles generally have lower rates
- Save money by bundling your home and auto policies
- Comparison shop frequently
The last tip is extraordinarily critical, as we emphasized in the prior article. Prices charged by auto insurers in Oakland adjust often, so drivers shouldn’t hesitate to buy a policy from a new company if a better deal can be had. Many consumers stick with the same company and that’s fine, but it’s not recommended if that inflexibility results in costing you money that could be spent on other things. Spend a few minutes and compare prices to find cheaper car insurance for teenage males.