How Much are Auto Insurance Quotes for Electric Cars in Chula Vista?

You have surely seen all the ads from insurers like State Farm and GEICO that make promises of the cheapest price, so you should just select the one with the best jingle, right?

That is not the case, however, as there are a lot of unknowns such as how many years you have been driving, the neighborhood you live in, if you want full coverage included, and your financial stability. The content below covers the best ways to save money and hopefully give you enough understanding to have a jump start in finding the best auto insurance.

For eco-friendly vehicles, one of the more important components that aid in calculating auto insurance rates is where you live in Chula Vista. Cities with more crime and/or more people will most likely pay more, whereas areas that tend to be more rural benefit from lower coverage costs.

The table below shows the highest-priced areas in California for electric cars in which to buy car insurance. Chula Vista ranks #24 with a yearly cost of $1,350 for the average policy, which is approximately $113 each month.

Annual rates are comparative as specific location information can revise coverage rates greatly.

Deciphering which companies offer the cheapest car insurance rates for electric cars will involve more work in order to find a policy that fits your budget.

Each insurer has a proprietary formula for setting rates, so let’s take a look at the most competitive car insurance companies in California. It’s important that you understand Chula Vista, CA car insurance rates are based on many factors that will increase or decrease the price of your policy. Simply improving your credit, buying a different home, or getting a couple of tickets can produce rate changes resulting in some rates now being more affordable than the competition.

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USAA normally has some of the lowest car insurance rates in Chula Vista at around $1,143 a year. Wawanesa, Century National, CSAA, and Nationwide would also be considered some of the cheaper Chula Vista, CA car insurance companies.

In the above rates, if you are a policyholder with CSAA and switched to Wawanesa, you might see savings of approximately $77. Drivers with Nationwide may save as much as $93 a year, and 21st Century insureds might lower prices by up to $222 a year.

To find out how your current rates compare, click here to start your free quote or click through to the companies below.

It’s important to note that these premium estimates are averages across all ages of drivers and types of vehicles and do not factor in a specific location for electric cars. So the company that has the cheapest price for you may not even be in the top 24 companies in the list above. That helps illustrate why you need to compare rates from multiple companies using your own personal information and vehicle type.

Ending up with a good quality auto insurance provider can be rather challenging considering how many companies are available to choose from in California. The company ratings shown below can help you decide which companies to look at when trying find the best insurance for electric cars. The rankings below only include the companies with a significant amount of written premium nationwide, so companies that focus mainly on California business are not factored into the list.

Top 10 Major Auto Insurance Companies Overall in Chula Vista

1. USAA
2. American Family
3. AAA of Southern California
4. State Farm
5. The Hartford
6. AAA Insurance
7. GEICO
8. The General
9. Titan Insurance
10. Progressive

Top 10 Major Auto Insurance Companies in Chula Vista Ranked by Claims Service

1. AAA of Southern California
2. State Farm
3. Esurance
4. AAA Insurance
5. Progressive
6. Liberty Mutual
7. GEICO
8. Allstate
9. Titan Insurance
10. The Hartford

Cost comparison with and without full coverage

Reducing the cost of car insurance should be important to the majority of people, and one of the fastest ways to pay lower rates for insurance for electric cars is to only pay for liability coverage. The example below illustrates the difference between insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The data is based on no driving violations, no at-fault accidents, $500 deductibles, drivers are not married, and no policy discounts are applied.

If averaged out across all ages, physical damage insurance costs $2,075 per year more than insuring for liability only. That amount may make you wonder when is it a good idea to stop buying full coverage. There is no definitive formula that works best for making the decision to drop full coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s pretend your vehicle’s book value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $9,000 after paying the physical damage deductible. If premiums are more than $900 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some situations where dropping full coverage is not advised. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Get discounts on Chula Vista car insurance rates

Auto insurance companies that offer quotes for electric cars may also provide price discounts that may potentially lower prices by as much as 35% if you meet specific eligibility requirements. Larger car insurance companies and some of the premium reductions they offer are outlined below.

• Farmers Insurance may offer discounts for youthful driver, alternative fuel, bundle discounts, business and professional, and teen driver.
• Esurance has discounts for Pac-12 alumni, good student, online shopper, anti-theft, and paid-in-full.
• State Farm includes discounts for driver’s education, multiple policy, safe vehicle, multiple autos, good student, accident-free, and student away at school.
• GEICO discounts include anti-lock brakes, military active duty, multi-policy, membership and employees, and multi-vehicle.
• Allstate may have discounts that include auto/life discount, defensive driver, safe driver, FullPay discount, and early signing.

The example below visualizes the comparison of annual premium costs with and without discounts applied to the policy rates. The premiums are based on a male driver, no accidents or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with claim-free, multiple vehicle, accident-free, safe-driver, vehicle safety, and homeowner discounts applied. When taking advantage of discounts, theaverage yearly reduction on car insurance for electric cars is 28% or $516.

The agents shown below are willing to help you determine which coverages you need, since some drivers aren’t sure which coverage they need and prefer to get some professional advice when trying to find the best insurance rates for eco-friendly vehicles. It’s not always easy to find the cheapest car insurance policy, and agents can add peace of mind knowing you have adequate asset protection.

To find a Chula Vista insurance agent in your neighborhood, click the link at the bottom or click here to compare prices now.

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