Moreno Valley, California drivers might have to pay above the national average for auto insurance premiums. The average rates for a minimum coverage policy is $749 per year, while a full coverage policy will cost drivers around $2,129 annually. Fortunately, it is still possible to find the best car insurance companies in Moreno Valley that also offer affordable rates— if you are willing to compare multiple carriers.
Bankrate has conducted its own comparison of national and local carriers by using rates pulled from Quadrant Information Services. Rates are not the only consideration though — features such as financial strength, customer satisfaction and available coverages and discounts were also reviewed to determine the best car insurance companies in Moreno Valley.
Best car insurance companies in Moreno Valley
The best car insurance companies in Moreno Valley offer a mix of affordable rates, numerous discounts and coverages to choose from, and both customer service and financial strength ratings above industry average.
|Insurance company||J.D. Power score
|Average annual premium for minimum coverage||Average annual premium for full coverage|
|Geico||828 / 1,000||$550||$1,659|
|AAA||848 / 1,000||$574||$1,923|
|Mercury||787 / 1,000||$583||$1,589|
|Wawanesa||853 / 1,000||$624||$1,564|
Geico is the second-largest provider of auto insurance in the U.S. and began offering auto insurance products over 75 years ago. Today, Geico continues to offer an array of coverage options, but has an especially long list of discounts to choose from. The discounts range from paying in full to earning good grades, and can go a long way toward lowering premiums.
The Auto Club of Southern California is the AAA affiliate in Moreno Valley. While most may associate AAA with roadside assistance (and this is offered when you purchase auto insurance), there are numerous coverage options and discounts available too. Discounts include potential savings up to 27% by bundling your policy with other insurance products, or getting classified as a Good Driver will earn you a potential 20% savings on premiums.
Mercury auto insurance is rated A with AM Best for financial strength, highlighting the financial strength of this carrier. Although it is the lowest ranked among the carriers listed on the 2020 J.D. Power survey for overall customer satisfaction, the affordable rates may make Mercury more attractive to drivers in Moreno Valley. Mercury specializes in providing insurance to high-risk drivers, although coverage is available to a wide variety of drivers.
Wawanesa is a regional provider for California and Oregon and has been in business since 1896, making it one of the oldest carriers reviewed. While the company offers numerous insurance products, the auto insurance stands out because of the high J.D. Power score for customer satisfaction among Californians. Wawanesa has an equally excellent financial strength mark, with an A rating for financial strength from the AM Best company.
Cheapest car insurance in Moreno Valley
Drivers in Moreno Valley pay an average of $749 per year for a minimum coverage policy, while a full coverage policy will cost drivers around $2,129 annually. Compared to $2,065, which is the average cost per year of insurance for Californians. Moreno Valley is more expensive than the national average, which comes in at $1,674 annually for a full coverage policy.
Geico, AAA, Mercury, Travelers and Progressive all offer some of the lowest rates reviewed among the national carriers. However, each company not only offers affordable coverage, but each has strong financial ratings. This is supported by the A rating (or higher) with AM Best for financial strength. Each carrier also offers an extensive list of digital assets, such as an online portal and mobile app, but uses local agents and 24/7 customer service as well.
|Insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Moreno Valley insurance requirements
- $15,000 for injury or death to one person
- $30,000 for injury or death to more than one person
- $5,000 for damage to property per accident
It may be tempting to only purchase the minimum required in order to stay within budget. However, experts recommend you carry the maximum amount your budget allows in order to have the greatest financial protection possible from auto insurance. Additionally, most lenders require you to purchase comprehensive and collision coverage, further highlighting the importance of extra coverage.
Car insurance discounts in Moreno Valley
While car insurance in Moreno Valley may be higher than the national average, there are plenty of ways to save on premiums, including with discounts. You may be surprised at the number of discounts offered with each carrier, and it is worth your time to review the availability with each quote.
- Multi-vehicle: If you have more than one vehicle to insure, you may earn extra savings with a multi-vehicle discount.
- Multi-policy: Purchasing your policy from the same company that also provides your homeowners or renters insurance will likely net you greater savings.
- Safe driver: If you participate in a feedback program where your driving habits are recorded via an app or telematics device, then you may earn an additional safe driver discount.
- Paid-in-full: By paying your premiums all at once before your policy period begins, most carriers will reward this with an extra discount. Paying in installments usually means higher fees too.
Frequently asked questions
What is the best car insurance company?
To determine the best car insurance company, it is important to review factors such as competitive rates, customer service ratings, financial strength ratings and digital assets. The factors that benefit your driving lifestyle the most is what makes a carrier the best choice. Bankrate has also reviewed this same information and found companies like Geico, Amica and USAA are all excellent choices for consideration.
How much does car insurance in Moreno Valley cost?
Car insurance in Moreno Valley costs an average of $749 per year for a minimum coverage policy, while a full coverage policy costs drivers around $2,129 annually. However, your exact rates may vary, since auto insurance premiums are based on personal factors, like the zip code, vehicle and driving history of each driver.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.