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Best cheap car insurance in Oakland

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The average cost of car insurance in Oakland, California, is $2,830 per year for full coverage and $786 per month for minimum coverage, according to Bankrate’s research. For comparison, that is higher than California’s average cost for car insurance, which is $2,065 annually for full coverage and $733 per year for minimum coverage. It is also higher than the national average, which is $1,674 per year for full coverage and $565 per year for minimum coverage.

But while car insurance in this city may cost more on average, drivers have affordable options if they want to find the best car insurance in Oakland. According to Bankrate’s 2021 study of quoted annual premiums, Geico offers the cheapest car insurance in Oakland. Plus, there are several other options for cheap car insurance companies in California, which offer affordable rates and good coverage for drivers.

Best cheap car insurance companies in Oakland

The cheapest car insurance companies in Oakland are Geico, Grange, Progressive and Wawanesa, based on Quadrant Information Services rate data. Bankrate also determined that these providers are some of the best car insurance companies in Oakland.

After evaluating average premiums, we gave each California car insurance company a Bankrate Score out of five points, which is reflective of the provider’s coverage options, discounts, claim handling, and online and mobile accessibility, to name a few. We also factored in third-party ratings, including those from J.D. Power, which scores insurance companies based on overall customer experience.

Insurance company Bankrate Score J.D. Power score
(California region)
Average annual premium for full coverage Average annual premium for minimum coverage
Geico 4.73 828/1,000 $1,457 $539
Grange 3.8 N/A $1,504 $552
Progressive 4.4 819/1,000 $1,509 $582
Wawanesa 2.0 853/1,000 $1,599 $652

Geico

Geico has the most affordable premiums in Oakland for full coverage and minimum coverage insurance, based on our research. In addition to low average rates on standard coverages, Geico offers optional coverage options, such as emergency roadside service, rental insurance and mechanical breakdown coverage. The company was also rated above average by J.D. Power for overall customer satisfaction in the California region. Plus, this company offers a range of discounts that may help you save even more money on your policy.

Learn more: Geico Insurance review

Grange

Grange is not rated by J.D. Power, but offers the second cheapest average rates for drivers in Oakland, with rates that are significantly below average. 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.

Progressive

Progressive is consistently rated one of the best insurance companies in Oakland and the state of California. Progressive stands out for its low rates, excellent customer service and impressive discounts. In addition, Progressive offers several unique tools, like the Name Your Price tool, which allows you to build a policy within your budget. The company also offers a handful of endorsements for additional coverage.

Learn more: Progressive Insurance review

Wawanesa

Wawanesa earned the highest rating from J.D. Power for overall customer satisfaction in the California region, surpassing both Geico and Progressive. Wawanesa also offers average car insurance rates in Oakland that are below average for full and minimum coverage, although the rates from Wawanesa are slightly higher than the rates offered by other companies on this list. Wawanesa only offers a few endorsements, but there are many discounts offered that may help lower your rate.

Learn more: Wawanesa Insurance review

How to get and keep the cheapest car insurance in Oakland

Car insurance rates can fluctuate over time due to numerous factors. Once you lock in a low rate on your car insurance, you need to take steps to maintain it. Here are a few ways that you can get cheap car insurance and keep it:

  • Shop around. The first step in finding cheap rates is to shop around and get personalized quotes from several car insurance providers. This makes it easy to see which carrier can offer you the lowest rate for the type of coverage you need.
  • Maintain a clean driving record. Insurance providers typically offer lower rates to individuals who have a track record of safe driving habits. By maintaining a clean driving record and avoiding traffic violations and accidents, drivers are more likely to lock in affordable rates.

Frequently asked questions

What is the best car insurance company?

The best car insurance company is different for every driver. Every driver has different insurance needs, and therefore, there is no single insurance company that is the best option for every driver across the board. What the best car insurance company is for you will depend on the type of coverage you want, as well as personal factors like your ZIP code, credit score and driving record. 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?

On average, drivers in Oakland pay $2,830 per year for full coverage insurance and $786 per month for minimum coverage insurance. The average national cost of car insurance is $1,655 per year for full coverage and $480 per year for minimum coverage. By comparison, Oakland drivers pay high rates, on average, for car insurance.

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 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 coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Bankrate Score

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2020 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Written by
Elizabeth Rivelli
Insurance Contributor
Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others
Edited by
Insurance Editor