Cheapest and Best Car Insurance in Daly City, CA (2024)

In Daly City, the most cost-effective auto insurance can vary, with Progressive offering the cheapest full coverage while State Farm is the least expensive for families with teens, differing from GEICO's minimum coverage rates. For customer satisfaction, Chubb leads, unlike the best overall value from Capital Insurance Group, balancing cost and service. Ultimately, the right insurer depends on your individual coverage needs and preferences.

MoneyGeek found that GEICO offers the cheapest option in Daly City for minimum coverage car insurance, ensuring that you get the most value for your money.

• GEICO: $418 per year
• State Farm: $424 per year

Prices can vary with minimum coverage policies, as seen with National General being the most expensive option at $976 per year. That's a striking difference of $244 annually compared to GEICO.

Across all of California, including Daly City, car insurance minimums are established by state law. Here’s a quick breakdown of what’s required:

• $15,000 bodily injury per person
  
• $30,000 bodily injury per accident
  
• $5,000 property damage liability per accident
  

Say you have the minimum coverage and you're at fault in an accident; your policy will cover up to $15,000 for each injured person, maxing out at $30,000 per accident. If actual damages exceed these limits, you'd be responsible for paying the difference out of your pocket.

MoneyGeek found that Progressive is the cheapest option in Daly City for drivers seeking the cheapest full coverage car insurance. Here are the two most affordable providers:

• Progressive: $1,131 per year
• GEICO: $1,190 per year

Farmers has the most expensive full coverage policy in Daly City with an annual premium of $2,193. The difference of $1,062 between the cheapest and the most expensive underscores the importance of comparing rates to ensure you're not overpaying for comprehensive coverage, which tends to cost more than the minimum because it provides broader protection.

The MoneyGeek example policy for comprehensive coverage within Daly City offers enhanced liability limits beyond the basic requirement. Under this policy, coverage for bodily injury liability is expanded to $100,000 per individual, $300,000 per incident and property damage liability coverage is also increased to $100,000 for each accident. The industry refers to this level of protection as a 100/300/100 policy.

In addition to raised liability thresholds, policies with full coverage incorporate both comprehensive and collision insurance.

• Collision Insurance: This insurance is essential as it covers repairs to your vehicle if it's damaged in a collision, whether with another vehicle or an object.

• Comprehensive Insurance: This insurance is just as crucial, covering vehicular damages stemming from non-collision events, such as theft, vandalism, or weather-related issues.

Opting for full coverage insurance is prudent for new vehicles. For older vehicles, the cost of additional protection may not be as beneficial, taking into account the higher premiums. It's important to know the amount of car insurance you need.

MoneyGeek found that Capital Insurance Group offers the most affordable full coverage policy for drivers with a bad driving record in Daly City, whether they've received a speeding ticket, been involved in an at-fault accident or charged with a DUI. The cheapest providers for each infraction are:

• Speeding Ticket: Capital Insurance Group ($1,601 per year)
• At-fault accident: Capital Insurance Group ($1,645 per year)
• DUI: National General ($1,850 per year)

When considering the most expensive rates, CSAA tends to be on the higher end for all three offenses. The difference in annual premiums clearly demonstrates how the gravity of a traffic offense can influence car insurance costs.

In Daly City, like many other cities, insurance rates escalate with the severity of a driving offense due to the increased risk perceived by insurers. For example, drivers with a speeding ticket may face an annual premium of around $2,225, while those with a DUI could see premiums soar to approximately $3,764. It is crucial for individuals with driving offenses to compare insurance rates, as finding the most competitive offer can lead to significant savings.

MoneyGeek found that State Farm is the cheapest option in Daly City, offering the cheapest car insurance for teens. With rates that cater to both female and male teenage drivers, it's an attractive choice for budget-conscious families.

• State Farm: $2,658 per year for female teens and $2,658 per year for male teens
• GEICO: $2,978 per year for female teens and $3,140 per year for male teens

These rates provide full coverage for a combination of two parents and a teenager. Notably, Nationwide has the most expensive teen family policy in Daly City, with an annual premium of $5,904 for female teens.

In Daly City, like in many cities, teen drivers face steep car insurance premiums, with the average individual policy costing around $4,700 annually compared to $3,913 when added to a family plan. The significant difference in rates is due to the higher risk insurers associate with teen drivers, who lack experience and have a higher likelihood of filing a claim. It's financially savvy for teens to be added to a family insurance plan, benefiting from a lower rate and greater ease of approval.

MoneyGeek found that Progressive offers the cheapest full coverage car insurance for military backgrounds in Daly City.

• Progressive: $1,131 per year
• GEICO: $1,190 per year

While USAA does appear in our dataset with an annual premium of $1,292, it ranks fourth in terms of cost. Despite this, USAA caters specifically to the needs of active duty military members and might still be an advantageous option for those qualifying for their services.

You can use MoneyGeek's car insurance calculator to find rates in Daly City. By simply inputting your age, driving history, credit score, desired coverage level and several other key details, you get an instant estimate tailored to your specific needs.

Choosing the best auto insurance depends on individual preferences, including the importance of service quality, cost, coverage and other factors. MoneyGeek's scoring system showed the top performers in different areas for Daly City's motorists.

• Best overall: Capital Insurance Group (MoneyGeek score 84 out of 100)
• Best for service: Chubb (MoneyGeek score 94 out of 100)
• Best cheap: State Farm (MoneyGeek score 81 out of 100)

If you're seeking a balance between cost efficiency and quality service, Capital Insurance Group is recognized as the top overall provider. Those prioritizing a premium service experience regardless of cost will find Chubb to be the best choice. For budget-conscious individuals who still want reliable service, State Farm offers the most competitive option.

MoneyGeek found that Capital Insurance Group is the best option in Daly City for car insurance. Recognized for its outstanding performance, those looking for the best car insurance should consider this top-ranked provider.

• Capital Insurance Group: MoneyGeek score of 84 out of 100 ($1,395 per year)
• Chubb: MoneyGeek score of 80 out of 100 ($1,973 per year)

Capital Insurance Group stands out in Daly City, particularly for its high satisfaction and affordability scores. These elements are significant contributors to its overall MoneyGeek score, ensuring policyholders get a comprehensive full coverage policy that balances cost with customer service quality.

MoneyGeek found that Chubb is the best option in Daly City for car insurance when it comes to customer service without considering rates. This is due to Chubb's superior performance across general satisfaction, claims handling and coverages.

• Chubb: MoneyGeek score of 94 out of 100 ($1,973 per year)
• Capital Insurance Group: MoneyGeek score of 82 out of 100 ($1,395 per year)

Chubb's offerings make them a top choice for drivers prioritizing service quality.

MoneyGeek found that State Farm is the best option for affordable car insurance in Daly City, offering an exceptional blend of cost-effectiveness and quality service.

• State Farm: MoneyGeek score of 81 out of 100 ($424 per year)
• Mercury: MoneyGeek score of 80 out of 100 ($459 per year)

State Farm has the highest MoneyGeek score for its minimum coverage policy, owing significantly to its outstanding affordability score.

On average, residents of Daly City, California, face a car insurance premium of $1,592. When compared to the statewide average in California, Daly City’s insurance costs are higher, with the average Californian paying $1,457. However, this state average is notably lower than the national average cost of car insurance, which stands at $1,720.

Car insurance premiums are influenced by a variety of factors. Location plays a critical role in pricing. Insurers consider location-based factors such as accident rates, crime statistics and weather patterns The city with the highest insurance cost is Glendale, with a premium of $2,260. Santa Maria boasts the cheapest insurance at $1,168. This demonstrates how location within a state can greatly affect insurance rates, and it's often seen that less urbanized areas with lower traffic densities can have even lower rates.