How much does car insurance cost in Thousand Oaks?
Car insurance costs an average of $1,858 per year in Thousand Oaks. That's less expensive than the statewide average in California ($1,868) and more expensive than the national average of $1,548. Our guide to Thousand Oaks car insurance includes average rates based on age, credit score, driving history, and marital status. Keep reading to learn more!
AUTO INSURANCE: THOUSAND OAKS RATES VS. STATE + NATIONAL AVERAGES
|Thousand Oaks Average (yearly)||California Average||National Average|
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Thousand Oaks auto insurance rates by insurer
The difference in auto insurance rates from company to company can be substantial. For a typical driver, GEICO offers Thousand Oaks's cheapest rates. See below the best options for affordable auto insurance in Thousand Oaks. Don't forget to get car insurance quotes based on your driving profile.
THOUSAND OAKS CAR INSURANCE PREMIUMS BY COMPANY
|Insurer||Average Yearly Rate|
Thousand Oaks auto insurance premiums by age
The age group that pays the least for car insurance in Thousand Oaks are drivers in their age_60s ($1,668per year). Rates for Thousand Oaks drivers in their age_50s are also relatively affordable, at just $1,672 per year.
Teenage drivers pay Thousand Oaks's most expensive auto insurance rates. One of the easiest ways to lower your car insurance rates as a driver in Thousand Oaks is to age out of your teenage years. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Thousand Oaks is $4,056, the largest such difference between any two age brackets.
THOUSAND OAKS CAR INSURANCE PREMIUMS BY DRIVER AGE
|Age tier||Average Yearly Rate|
Thousand Oaks car insurance rates by gender and marital status
Marital status and gender can be contributors to car insurance rates, in some cases. Married drivers usually pay less for car insurance than their single counterparts. In Thousand Oaks, married motorists pay $77 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Thousand Oaks, single drivers pay more than those who are widowed.
Another component of auto insurance pricing is gender. In Thousand Oaks, female drivers pay $4 per year more than do male drivers.
THOUSAND OAKS CAR INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
|Gender/Marital Status||Average Yearly Rate|
Thousand Oaks car insurance premiums by citation and accident history
No matter where you live, steering clear of accidents and citations is the best way to keep your auto insurance rates low. At-fault collisions, DWIs, citations for reckless driving, and speeding tickets each contribute to increases in car insurance rates. Insurance companies reward low-risk drivers with the gift of low rates.
Thousand Oaks drivers found guilty of reckless driving pay the price when it comes to auto insurance, facing a rate increase of $3,210 per year versus the city average. A ticket for speeding results in a $750 rate hike, on average, while a DUI violation costs $3,120per year in insurance premiums.
AVERAGE THOUSAND OAKS INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Violation/Incident||Average Annual Rate|
|At-fault Accident (damages < $1,000)||$1,865|
|At-fault Accident (damages greater than $2,000)||$3,269|
|Speeding Ticket (16-20 mph over speed limit)||$2,608|
Thousand Oaks auto insurance premiums by credit score
It's no secret credit score is closely correlated with auto insurance rates. In fact, Thousand Oaks drivers who improve their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) earn, on average, a 0% decrease in their auto insurance costs. Moving from "Very Poor" to "Fair" credit is a meaningful step toward saving money on auto insurance. In Thousand Oaks, improving your credit to "Fair" could help you earn a $0 decrease in yearly insurance premiums.
THOUSAND OAKS AUTO INSURANCE RATES BY CREDIT LEVEL
|Credit Tier||Average Annual Rate|