Best cheap car insurance in Oakland

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Car insurance premiums in Oakland average $786 per year for minimum coverage and $2,380 per year for full coverage. To find the best cheap car insurance in Oakland, it’s a good idea to understand what factors affect coverage prices.

Speeding is a major culprit behind accidents and claims in the city. The City of Oakland reports that speeding is the cause behind 25% of deadly crashes. Driving defensively and making sure you have the best car insurance in Oakland could go a long way toward protecting yourself and your loved ones physically and financially.

After analyzing over a dozen carrier’s rates, financial strength ratings and customer satisfaction scores, we narrowed down the list to four of the best cheap car insurance companies in Oakland.

Best car insurance companies in Oakland

California residents have many options for cheap car insurance in the state. To uncover the best rates, get several car insurance quotes to compare. The best car insurance companies in Oakland also boast some of the cheaper car insurance rates in the city. Take a look at the following carriers:

Insurance company J.D. Power score Average annual premium for minimum coverage Average annual premium for full coverage
Geico 828 / 1,000 $503 $1,732
Grange Insurance NR $586 $2,257
Wawanesa 853 / 1,000 $653 $1,699
Progressive 823 / 1,000 $688 $1,984

Geico

Geico is who we have chosen as the best cheap car insurance in Oakland based on its rates, J.D. Power score and discount options. And while other companies on our list score higher with J.D. Power, none of them offer rates as low as Geico – which moved it up to the top of our list. For a company providing low-cost car insurance, you’ll find plenty of optional coverage options, such as emergency roadside service, rental insurance and mechanical breakdown coverage.

Grange Insurance

Grange doesn’t rank in the J.D. Power study but over 1,600 customer reviews on the insurance company’s website award the insurer with a 4.7 out of 5 for customer service and a fast claims process. The best ways to save with Grange Insurance include bundling coverage, taking advantage of accident forgiveness and signing up for OnTrack telematics, which may reward you with premium reductions of up to 20% when you drive safely.

Wawanesa

Wawanesa is the favorite car insurance company in California among customers who participated in the J.D. Power customer satisfaction survey as it ranked highest in that region. In addition to stellar customer service, any Oaklander with a financed vehicle in search of full coverage insurance will find that Wawanesa’s average annual full coverage rates may be among the lowest of all insurance companies (depending on your personal variables).

Progressive

Progressive rounds out our list of best car insurance companies in Oakland. Progressive’s average annual premiums are competitive when compared with the other insurers on our list. The carrier claims drivers save $750 per year on average when they switch to Progressive. The Name Your Price tool allows you to set a premium price based on your budget to see the amount of coverage you can afford. You could also get an average of $145 per year off on your premiums when you sign up for Snapshot — Progressive’s safe driving telematics program.

Cheapest car insurance in Oakland

Based on Bankrate’s findings, the average cost of car insurance in California is $580 per year for minimum coverage and $2,012 per year for full coverage. Oakland’s rates are higher than the state average, at $786 per year for minimum coverage and $2,380 per year for full coverage. To beat or match the state’s annual average, the following insurance companies in Oakland may be your best bet.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $503 $1,732
AAA $592 $2,747
Progressive $688 $1,984
State Farm $690 $2,122
Mercury $697 $1,940

All the carriers on the list have strong financial ratings and affordable coverage. Mercury provides a possible option for drivers who have trouble getting coverage due to past accidents or traffic violations. To access AAA Insurance, you’ll need to become a club member. Progressive, State Farm and Geico offer low rates, but they’re typically more affordable for drivers with clean records.

Oakland insurance requirements

Oakland drivers must follow California’s car insurance mandates. The minimum amount of liability insurance needed in the state is:

  • $15,000 in bodily injury per person
  • $30,000 in bodily injury per accident
  • $5,000 for property damage

Although buying basic coverage is sometimes the best way to get cheap car insurance in Oakland, it may not be enough. Liability insurance only pays for damages and injuries to others, leaving you and your property unprotected if you’re at fault in an accident. You will also be financially responsible for expenses you’ve caused that exceed the limits of your policy. For this reason, you may want to consider purchasing additional coverages or full coverage to protect yourself financially.

Car insurance discounts in Oakland

As mentioned, Oakland’s premiums are higher than the state average. You can save on your car insurance by taking advantage of available discounts. Some of the most significant savings can come from:

  • Bundling home or renters insurance with vehicle coverage
  • Insuring all your household vehicles in one policy
  • Using public transport or driving alternatives to qualify for low-mileage discounts
  • Parking your vehicle in a garage

Frequently asked questions

What is the best car insurance company?

There are several excellent car insurance companies that operate in Oakland that you can choose from. The best one depends on your needs. Since many personal and geographic factors affect the cost of coverage, the best way to find the best car insurance company in Oakland is by getting quotes from several carriers to compare rates and coverages.

How much does car insurance in Oakland cost?

The average cost of car insurance in Oakland is $786 annually for minimum coverage and $2,380 annually for full car insurance per year. Oakland’s rates are higher than the national annual average of $565/$1,674.

How much car insurance do I need in Oakland?

Drivers need minimum liability coverage of $15,000 in bodily injury for each person, $30,000 in bodily injury per accident and $5,000 for property damage to legally drive. However, the state’s minimums may not be enough, and may leave you financially responsible if you cause an accident. Additionally, if you drive a newer-model vehicle that is being leased or financed, your lender will likely require you to carry comprehensive and collision coverage that will help pay for damages to the vehicle.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 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.

Written by
Cynthia Paez Bowman
Personal Finance Contributor
Cynthia Paez Bowman is a finance and business journalist who has been featured in Bankrate, Business Jet Traveler, MSN, CheatSheet.com, Freshome.com and TheSimpleDollar.com. She regularly travels to Africa and the Middle East to consult with women’s NGOs about small business development and works with select startups and women-owned businesses to provide growth and visibility.