Updated: November 21, 2024
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Protective is Elk Grove, California's best life insurance company, with MoneyGeek scores of 92 for men and 91 for women. The average monthly premiums are $38 for males and $33 for females. These scores and premiums are based on a 20-year term policy with $500,000 coverage.
When choosing life insurance, consider various factors such as policy terms, coverage amount and your unique needs.
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Elk Grove, California.
Coverage costs and company information for life insurance providers were updated in September 2024.
BestLife InsuranceElk Grove, CABest Life Insurance Companies in Elk Grove
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Protective offers the best life insurance in Elk Grove, with MoneyGeek scores of 92 for men and 91 for women. The average monthly premiums are $38 for males and $33 for females.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek scores and lower monthly premiums make it the best choice for life insurance.
In Elk Grove, Protective is the top choice for life insurance, with MoneyGeek scores of 92 for men and 91 for women. It provides affordable coverage at average monthly premiums of $38 for males and $33 for females.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
Protective has the best term life insurance in Elk Grove, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $20 and $18, respectively. Its high affordability, customer satisfaction and financial stability scores make it a top choice for reliable coverage.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides coverage for a set period and offers a death benefit if the insured dies during that time. Its simplicity and lower cost are often preferred, making it a good choice for covering temporary financial needs like a mortgage or children's education.
In Elk Grove, Protective is the best term life insurance provider, earning MoneyGeek scores of 91 for men and 92 for women. It balances cost and quality with low monthly premiums of $20 for males and $18 for females.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective offers the best whole life insurance provider in Elk Grove, with a MoneyGeek score of 92 for men and women. The company performs strongly in affordability, customer satisfaction and financial stability.
Whole life insurance provides lifelong coverage and includes an investment component that can grow over time. Someone might opt for this insurance to ensure their family's long-term financial security, regardless of when they pass away.
In Elk Grove, Protective is the leading provider of whole life insurance, earning a MoneyGeek score of 92 for men and women. This reflects a good balance of customer satisfaction and affordability.
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Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
In Elk Grove, Protective has the best universal life insurance, with a MoneyGeek score of 91 for men and women. The company's high score indicates a strong combination of affordability, customer satisfaction and financial stability.
Universal life insurance is a flexible policy that allows policyholders to adjust their premiums and death benefits as their financial situation changes. Someone who experiences a significant increase in income might choose this insurance to invest the extra money in their policy's cash value, which can grow over time.
Protective is Elk Grove's leading universal life insurance provider. With a MoneyGeek score of 91 for men and women, Protective stands out for its quality service and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
Protective offers the best life insurance without a medical exam requirement in Elk Grove. Its MoneyGeek score of 91 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.
Life insurance without a medical exam provides coverage without requiring a health assessment, making it beneficial for those with health concerns or needing quick coverage. Someone with a chronic condition may choose this option to avoid higher premiums or the risk of being denied after a medical exam.
In Elk Grove, Protective is the top choice for life insurance without the hassle of a medical examination. Its MoneyGeek score of 91 for men and women reflects a balance of customer satisfaction, financial stability and affordability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
Protective offers the best term life insurance for seniors in Elk Grove, with MoneyGeek scores of 91 for men and 90 for women. The average monthly premiums are $92 for males and $83 for females.
Age impacts life insurance premiums, as insurers consider the increased health risks of old age. Protective stands out with its strong performance in affordability, customer satisfaction and financial stability, making it a reliable option for seniors.
| 1 | Protective | $92 | 91 |
| 2 | Mutual of Omaha | $103 | 91 |
| 3 | Nationwide | $87 | 90 |
| 4 | Allstate | $84 | 89 |
| 5 | Transamerica | $85 | 88 |
| 6 | AAA | $116 | 88 |
| 7 | Prudential | $89 | 87 |
| 8 | State Farm | $136 | 86 |
| 9 | Haven | $182 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
Mutual of Omaha provides the best term life insurance for smokers in Elk Grove, with MoneyGeek scores of 90 for men and 89 for women. Monthly premiums average $99 for males and $100 for females.
Smoking leads to higher life insurance premiums because of the health risks. Insurers charge more to account for the increased likelihood of claims. Mutual of Omaha is a top choice for smokers due to its mix of affordability, customer satisfaction, financial stability and diverse products.
| 1 | Mutual of Omaha | $99 | 90 |
| 2 | Nationwide | $95 | 89 |
| 3 | AAA | $103 | 88 |
| 4 | Prudential | $78 | 88 |
| 5 | Transamerica | $92 | 87 |
| 6 | Protective | $161 | 87 |
| 7 | Haven | $99 | 86 |
| 8 | State Farm | $140 | 84 |
| 9 | Allstate | $137 | 84 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
Protective offers the best term life insurance for young adults in Elk Grove, with a MoneyGeek score of 92 and average monthly premiums of $12 for men and $11 for women.
Younger policyholders typically enjoy cheaper premiums due to lower health risks. Protective's high MoneyGeek score reflects its strong customer satisfaction, affordability and financial stability.
| 1 | Protective | $12 | 92 |
| 2 | Mutual of Omaha | $14 | 91 |
| 3 | Nationwide | $14 | 90 |
| 4 | Allstate | $12 | 89 |
| 5 | Transamerica | $12 | 88 |
| 6 | AAA | $16 | 88 |
| 7 | Prudential | $18 | 85 |
| 8 | State Farm | $21 | 85 |
| 9 | Haven | $19 | 84 |
| 10 | Bestow | $26 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
In Elk Grove, Protective offers the best cheap term life insurance, with a MoneyGeek score of 92 and an average monthly premium of $20 for men and $18 for women.
Factors affecting premiums include age, health, coverage amount and term length. To secure the lowest premiums, maintain good health, choose a shorter term length and opt for a lower coverage amount.
| 1 | Protective | $20 | 92 |
| 2 | Allstate | $20 | 91 |
| 3 | Nationwide | $22 | 91 |
| 4 | Transamerica | $20 | 91 |
| 5 | Mutual of Omaha | $24 | 89 |
| 6 | AAA | $26 | 87 |
| 7 | Prudential | $26 | 85 |
| 8 | State Farm | $34 | 82 |
| 9 | Haven | $33 | 82 |
The average monthly term life insurance costs in Elk Grove are $37 for men and $30 for women.
Several factors influence premiums, including age, health, lifestyle choices and occupation. Insurers also consider regional factors such as local health statistics, economic conditions and market competition. Due to variations in these factors, the cost of life insurance might be higher or lower in Elk Grove than in other parts of California.
Understanding these factors can help you make informed decisions about life insurance.
Protective offers the best life insurance for men in Elk Grove, with the highest MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for men in Elk Grove is $38.
Protective offers the best life insurance for women in Elk Grove., with the highest MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for women in Elk Grove is $33.
Life insurance in Elk Grove is similar to the rest of California. For example, Protective has competitive rates and high MoneyGeek scores statewide. The key differences may lie in personal factors such as age, health and coverage needs.
If a life insurance company in Elk Grove goes bankrupt, state guaranty associations typically ensure that claims are paid up to certain limits, providing a safety net for policyholders.
Elk Grove residents might need life insurance to help cover expenses like mortgage payments, children's education and debts — providing peace of mind for families in case of unexpected events.
To find a lost life insurance policy in Elk Grove, check personal records and contact the insurance company. You can also use online databases or state insurance department resources to locate the policy.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
