When it comes to car insurance, finding the best coverage at an affordable price is crucial. As a resident of San Jose, you’re in luck. We’ve done the research for you and found the best cheap car insurance options in the city for 2024.
Methodology
To determine the best cheap car insurance options in San Jose, we utilized Quadrant Information Services. We analyzed the latest rates in June 2024 for ZIP codes and carriers in California. Our rates include the most recent approved rate changes filed by insurance companies that affect our profile. We then weighted these rates based on the population density in each geographic region, allowing policyholders to see the impact rates have in their areas.
For our analysis, we considered 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
For minimum coverage limits, we used the minimum coverage required by the state of California. Our base profile drivers own a 2022 Toyota Camry, commute five days a week, and drive 12,000 miles annually.
It’s important to note that these rates are sample rates and should only be used for comparative purposes.
Incidents
To provide a comprehensive analysis, we evaluated our base profile drivers with the following incidents applied: a clean record (base), at-fault accident, single speeding ticket, and single DUI conviction.
Age
We also considered age as a factor in our analysis. Rates were calculated by evaluating our base profile drivers with ages ranging from 20 to 70 (base: 40 years). Depending on age, drivers may be a renter or homeowner. Please note that age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.
Teens
To account for families with teenage drivers, we determined rates by adding a 16- or 18-year-old teen to their 40-year-old married parents’ policy. The rates displayed reflect the total cost of adding a driver this age to their parents’ policy.
Bankrate Score
Our 2024 Bankrate Score considers various factors that impact policyholders’ experiences with an insurance company. Our insurance editorial team evaluated each company’s product availability, financial strength ratings, online capabilities, and customer and claims support accessibility. We assigned metrics to each category and weighted them in a tiered approach to analyze how companies perform in key customer-impacting areas.
The Bankrate Score ranges from 0 to 5 points, with a higher score indicating better performance. Our scoring model provides a comprehensive view, highlighting where companies excel and where they may fall short.
With our methodology in mind, let’s take a closer look at the best cheap car insurance options in San Jose for 2024.
FAQs
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Conclusion
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