The words “low-priced” and “insurance” really don’t belong together, especially when trying to find the lowest insurance rates for drivers requiring a SR22. Because it’s so expensive, let’s go over some situations that have an impact on insurance prices, and find a few ways to take a little off the next policy you buy.
For high risk drivers, one of the more important things that are looked at to help calculate the price you pay for insurance is your address in Irvine. Areas with more people or even just a higher incidence of claims tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents benefit from lower rates.
The illustration below lists the highest-priced places in California for drivers requiring a SR22 to buy an auto insurance policy in. Irvine is ranked at #22 with a yearly premium of $1,343 for the average insured, which is about $112 monthly.
|Rank||City||Average Per Year|
|Find Cheaper Rates Go|
Rates are approximated as vehicle location can modify coverage prices greatly.
The type of vehicle you are seeking coverage for is one of the primary factors that determines whether or not you can buy affordable auto insurance for drivers requiring a SR22. Vehicles with lower acceleration and performance, a great safety record, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.
The data below shows car insurance prices for some of the most economical automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$3,139|
|Honda CR-V EX 4WD||$3,144|
|Hyundai Elantra SE Touring Station Wagon||$3,268|
|Volkswagen Jetta 2.0T Station Wagon||$3,472|
|Honda Odyssey EX W/Rear Entertainment||$3,487|
|Ford F-150 FX4 4WD||$3,555|
|Chevrolet Malibu LT||$3,562|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$3,555|
|Ford Explorer Limited AWD||$3,560|
|Toyota Tacoma 2WD||$3,594|
|Ford Edge SEL 2WD||$3,625|
|Chevrolet Equinox LS 2WD||$3,666|
|Toyota RAV4 2WD||$3,674|
|Dodge Grand Caravan Hero||$3,666|
|Toyota Corolla LE||$3,682|
|Ford Fusion SE 4-Dr Sedan||$3,715|
|Nissan Altima Hybrid 4-Dr Sedan||$3,721|
|Chevrolet Impala LTZ||$3,800|
|Nissan Rogue S 2WD||$3,831|
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Premium data assumes single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Price information does not factor in specific garaging location which can increase or decrease price quotes noticeably.
Based on these rates, you can presume that vehicles like the Ford Escape, Honda CR-V, and Toyota Prius are most likely to be some of the most affordable vehicles to insure for high risk drivers. The price of auto insurance will be more expensive just because there is more exposure for drivers requiring a SR22, but overall those vehicles will tend to have the lowest prices compared to all other vehicles.
Get discounts on Irvine insurance rates
Insurers that offer quotes for drivers requiring a SR22 may additionally offer policy discounts that could potentially reduce rates by 40% or more if you qualify for them. The best insurance companies and a partial list of their discounts are included below.
- GEICO may include discounts for membership and employees, air bags, daytime running lights, multi-vehicle, defensive driver, and federal employee.
- MetLife may have discounts that include claim-free, good driver, multi-policy, accident-free, and defensive driver.
- Progressive may offer discounts for online signing, multi-policy, homeowner, good student, online quote discount, multi-vehicle, and continuous coverage.
- Travelers policyholders can earn discounts including early quote, student away at school, save driver, payment discounts, hybrid/electric vehicle, new car, and IntelliDrive.
- SAFECO has discounts for multi-car, bundle discounts, accident prevention training, anti-lock brakes, and safe driver.
- AAA includes discounts for good driver, education and occupation, multi-policy, multi-car, and pay-in-full.
The diagram below compares insurance costs with and without discounts applied to the policy premium. The prices are based on a male driver, three violations and two at-fault accidents, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with multiple vehicle, paperless filing, continuous coverage, anti-theft, marriage, and multiple policy discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for drivers requiring a SR22 is 29% or $2,155.
How accidents and violations affect rates in Irvine
The best way to snag the most affordable insurance rates in California for high risk drivers is to drive safely and not get tickets or have accidents. The illustration below highlights how traffic violations and at-fault collisions can impact auto insurance rates for different insured age categories. The premiums assume a married male driver, comp and collision included, $1,000 deductibles, and no discounts are applied.
The data charted above shows the average cost of auto insurance per year with no violations or accidents is $2,091. Receive two speeding tickets and the average cost increases to $2,876, an increase of $785 each year. Then add one accident along with the two speeding tickets and the annual cost of insurance for drivers requiring a SR22 goes up to an average of $3,686. That’s an increase of $1,596, or $133 per month, just for a couple of infractions!
You may be paying too much for car insurance
California insurance rates are impacted by many factors that control the cost of a policy. Improving your credit rating, buying higher coverage limits, or having an accident may prompt premium changes that can make some companies cheaper in comparison to the competition. Not only may things change on your end, but companies modify pricing as often as every three months to adjust for unexpected claims or profits. Higher than usual claims may result in more expensive prices, while lower claim levels may result in cheaper Irvine car insurance rates.
For instance, the data below shows which company has the cheapest car insurance in Irvine, CA for a 45-year-old female driver with a clear driving record, no claims, and a high credit rating. If we compare prices based on her current risk profile, USAA offers the most affordable car insurance rates in Irvine at $1,177 per year. This is $474 less than the average premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are the remainder of the best Irvine, CA auto insurance companies.
In the next rate comparison, we’ll give the driver from above a claim or two, slightly worse credit, and a traffic citation. Since each auto insurance company has their own guidelines to establish rates, getting updated rate quotes may now show a different list of the cheapest companies as shown below.
Grange now has the best price in Irvine with Mercury, Progressive, Allstate, and Allied now rounding out the top five. This demonstrates why consumers need to take the time to shop around with many companies when trying to find the most economical auto insurance rates for drivers requiring a SR22. Insurance prices are made up of many things and can change without notice, so the most affordable company six months ago may now be one of the more expensive options.
How to find economical car insurance for drivers requiring a SR22
Here are some of the recommended money-saving solutions that can help California drivers get cheaper coverage.
- Bundle home and auto and save
- Increase your policy deductibles
- Avoid accidents and claims
- Avoid getting tickets or violations
- Pay for small claims rather than turning them in to your insurance company
- Improve your credit rating
- Compare rates regularly to ensure the best deal
That last piece of advice is notably valuable, as we pointed out in this write-up. Car insurance rates in Irvine fluctuate considerably, so don’t be unwilling to switch carriers if a cheaper rate is available.
Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that inflexibility results in costing you a small fortune year after year. In less than five minutes you could compare prices to find cheaper insurance for drivers requiring a SR22.
The agents listed below are a good start to help you determine which auto insurance policy would work best for you, since lots of drivers aren’t clear which coverage they need and would like to have a little guidance when shopping for cheaper insurance for drivers requiring a SR22. It can be hard to do it yourself, and professional agents can give satisfaction knowing you have suitable coverage if you ever need to use it.
To locate an Irvine insurance agent closest to you, click the button link following the list.
Isu Insurance Services Irvine
18022 Cowan Ste 225 – Irvine, CA 92614 – (949) 419-2100
Peter Green Insurance Agency LLC
3151 Airway Ave Suite F203 – Costa Mesa, CA 92626 – (714) 258-2800
AIS | Auto Insurance Specialists | Irvine
16969 Von Karman Ave #100 – Irvine, CA 92606 – (949) 660-7061
Professional Choice Insurance
2151 Michelson Dr Suite 250 – Irvine, CA 92612 – (714) 467-8726
Farmers Insurance – Charmaine Lim
20 Pacifica #1450 – Irvine, CA 92618 – (949) 387-9999