What Auto Insurance is Cheapest for Electric Cars in Fresno?

Wouldn’t this article be short if we could just give you the name of the best company that has the cheapest rate quotes for electric cars? It’s just not that easy, however, as there are a whole slew of unknown factors such as the vehicle you are insuring, how high your deductibles should be, your gender, and the area where you live, that all impact the cost of coverage. The information below will cover the best ways to avoid overpriced car insurance and will hopefully give you a good beginning to your search for cheaper coverage.

Finding low-cost auto insurance is difficult, and finding out which company offers the best car insurance rates for electric cars involves even more work. Each auto insurance company has their own formula for filing rates in each state, so let’s take a look at the most competitive car insurance companies in Fresno, CA.

It’s a good idea to know that Fresno, CA car insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. Improving your credit score, moving to a different location, or getting a ticket for running a stop sign may prompt premium changes that may make certain companies cheaper than competitors.

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USAA may offer some of the cheapest car insurance rates in Fresno at around $1,143 each year. This is $508 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide would also be considered some of the lowest-priced Fresno, CA car insurance companies.

As illustrated above, if you are a customer of Century National and switched to USAA, you could earn annual savings of approximately $47. Customers with CSAA might save as much as $91 a year, and Nationwide policyholders might see rate reductions of $120 a year.

These policy rates are averaged for all insureds and vehicles and do not factor in a specific vehicle garaging location for electric cars. So the auto insurance company that fits your needs best may not even be in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.

One of the more important components that are used to help calculate the price you pay for insurance is where your residence is. Areas with more people or more claims likely pay more, whereas more rural areas can boast about having cheaper rates.

The information below shows the priciest cities in California for electric cars to buy auto insurance in. Fresno ranks #17 with an annual cost of $1,472 for the average insured, which is about $123 per month.

Prices are approximated as specific location information can alter auto insurance rates significantly.

The car, truck, or SUV that needs insurance is a significant factor in finding low-priced car insurance for electric cars. Vehicles with limited top-end speed, good safety features, or a track record of few liability claims will cost significantly less to insure than high performance models.

The table below outlines coverage rates for the most cost-effective automobiles to insure in California.

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price information does not factor in specific zip code location which can revise insurance rates considerably.

Based upon the table data, we can presume that makes and models like the Toyota Prius, Dodge Grand Caravan, and Ford Escape will definitely be some of the most budget-friendly vehicles to insure for eco-friendly vehicles.

Insuring your vehicle with the top car insurance company can be challenging considering how many companies there are in California. The information shown below can help you choose which providers you want to consider when buying insurance for electric cars. The ratings below only include companies with a national presence, so companies that only write business in California or surrounding areas are not included in these rankings.

Top 10 Large Car Insurance Companies Overall in Fresno

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

The diagram below demonstrates how choosing different deductibles can impact yearly insurance costs when trying to find cheap insurance for electric cars. Data assumes a single male driver, full coverage, and no discounts are applied.

The data above shows that a 40-year-old driver could pocket $492 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $738 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could possibly save as much as $1,640 annually just by choosing higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it is important to have spare funds to be able to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Types of discounts on Fresno auto insurance

Car insurance companies that provide coverage for electric cars may also offer premium discounts that may potentially lower prices by as much as 35% or more if you are eligible. Companies and some of the discounts are detailed below.

• American Family offers discounts including Steer into Savings, good student, early bird, mySafetyValet, and good driver.
• Nationwide may include discounts for defensive driving, easy pay, accident-free, multi-policy, and Farm Bureau membership.
• MetLife discounts include multi-policy, defensive driver, claim-free, good student, accident-free, and good driver.
• 21st Century may offer discounts for defensive driver, early bird, student driver, theft prevention, and teen driver.
• Farmers Insurance has discounts for bundle discounts, pay in full, electronic funds transfer, youthful driver, and early shopping.
• Allstate offers premium reductions for good student, anti-lock brakes, early signing, economy car, utility vehicle, and multi-policy.

The diagram below shows the comparison of insurance costs with and without discounts applied. The rates are based on a male driver, no accidents, no driving violations, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with claim-free, vehicle safety, multiple policy, multiple vehicle, anti-theft, and defensive driving course discounts applied. When discounts are factored in, the average amount saved each year on car insurance for electric cars is 28% or $863.

If you would rather get some guidance when trying to find the best insurance rates for eco-friendly vehicles, the agents listed below are a good start to answer your questions and help you decide which auto insurance coverages would be the best in your situation. To find a Fresno insurance agency close to you, click the button at the bottom of the list or click here to compare price quotes now.

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