Insurance Rates In California
If you’re just moving to California from the East Coast, be prepared to be amazed at how expensive everything may seem. Your income may be higher, but so is the cost of living. But regardless of whether you live in the East or West Coast, it’s important to protect your family with the right types of insurance.
Auto Insurance in California
California’s minimum requirements are 15/30/5, which means you must purchase a minimum policy with $15,000 personal injury protection, $30,000 for total bodily injury liability and $5,000 for property damage liability. Auto insurance rates in California are generally more expensive than in other states. The average premium is at about $1,000 a year. But although it’s expensive, it’s not quite as bad as the rates in states such as West Virginia, New Jersey or New York – that’s right, East Coast states. There are several ways you can reduce your premium. Consider purchasing your insurance policies together from the same company. Get both of your cars, your home and life insurance policies together, and ask for a discount. If the company doesn’t give you a discount when you bundle these policies together, then you definitely need to shop around.
Health Insurance in California
The good news about California is that it offers several types of health insurance programs for low-income or even middle-income families. There’s Medicaid for the low-income families, and the Healthy Families Program that offers health and dental to children of families who meet income qualifications. Programs such as the state Children’s Health Insurance Program are offered in various states for families who make too much to qualify for Medicaid but not enough to purchase a family policy, which can often cost around $6,000-$8,000. If you make a little too much to qualify for some of these programs, try to purchase a catastrophic insurance plan – one that comes with a high deductible but low premium.
Homeowners Insurance in California
California is the most populated state in the country, and one of the largest geographically. Your insurance rate will vary widely based on where you live — whether by the coast or in a rural area 100 miles from the ocean. Either way, you’ll want to get a quality yet cheap homeowners insurance policy. Start by going to the California Department of Insurance to find out which companies are legitimate and respectable, and then start shopping around for good insurance rates in California. In the end, remember that it’s absolutely pivotal to purchase a homeowners insurance policy. Homeowners insurance is generally one of the most reasonable types of insurance. Some areas of the state are very dry and prone to fires. You do not want to risk losing your home.
Life Insurance in California
It may not be fun to think about purchasing life insurance, but this is also considered essential if you have a family. Life insurance is especially important for young married couples with children and a mortgage. If the primary breadwinner were to die, the family could be financially ruined unless they had a good life insurance policy. In order to get the best life insurance rates in California, make sure you purchase term life insurance when you’re young. Ideally you won’t have health problems when you go to buy life insurance, but often there’s not much you can do to change your health. However, you can implement healthy habits. If you smoke, quit. If you don’t eat healthy, then start eating fruits and vegetables and less junk food. But getting a good insurance rate doesn’t just depend on you and your health — it also depends on the company. So shop around and choose wisely. Pick a reputable company that has a solid reputation for taking care of the families quickly if someone were to die. Go to the top of the page and enter your zip code to receive your free insurance quote today.