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

Geico provides the best value for car insurance in Los Angeles with coverage limits of 100/300/100, costing $2,805 annually.

A close second is CSAA Insurance (AAA), which offers car insurance at $2,845 per year.

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 based on coverage types are as follows:

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

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently 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, car insurance rates are highest for teens, averaging $8,356 per year or $696 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 $4,740 annually for their car insurance, which is $3,616 less than what teens pay for their coverage.

In Los Angeles, adult drivers pay an average of $3,191 per year for car insurance, while senior drivers pay $3,133 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 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.