Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance provider in Oakland, California for men and women. The MoneyGeek score for men is 92, with a monthly premium of $32. For women, the MoneyGeek score is 91, with a monthly premium of $34.
Different factors should be considered when deciding on life insurance. These scores and premium costs are based on a 20-year term policy with $500,000 coverage. Your unique needs may mean a different company is best for you.
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 Oakland, California.
Coverage costs and company information for life insurance providers were updated in September 2024.
BestLife InsuranceOakland, CABest Life Insurance Companies in Oakland
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 is the best life insurance company in Oakland for men and women, with a MoneyGeek score of 92 out of 100 for men and 91 out of 100 for women. The monthly premium is $32 for men and $34 for women.
The top providers for men are:
The top providers for women are:
Protective is the best choice for the average person looking to purchase life insurance in Oakland due to its high MoneyGeek scores and competitive monthly premiums. The company's strong financial stability and customer satisfaction make it a reliable option for men and women.
Protective stands out as the premier choice for life insurance in Oakland, catering to men and women. With a MoneyGeek score of 92 for men and 91 for women, the company offers monthly premiums at about $32 for men and $34 for women. Protective ensures peace of mind through high customer satisfaction and financial stability.
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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.
In Oakland, Protective provides the best term life insurance for men and women, with a MoneyGeek score of 92 and monthly premiums of $16 for men and $18 for women. This company provides a balance of affordability, customer satisfaction and financial stability, making it a top choice for individuals seeking reliable term life insurance coverage.
The top providers for men are:
The top providers for women are:
Term life insurance is a straightforward insurance product that offers protection for a specific period. For example, a parent might choose term insurance to ensure that their child's education expenses are covered in the event of an untimely death. This type of insurance is often selected for its simplicity and defined coverage period.
Protective is the best term life insurance option for women and men in Oakland, with a MoneyGeek score of 92 for both and a monthly premium of $18 for women and $16 for men. It’s a solid choice for those seeking reliable coverage.
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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 stands out as the provider of the best whole life insurance in Oakland, with a MoneyGeek score of 92 for men and women.
Protective offers a dependable choice for individuals seeking a reliable insurance policy that combines long-term coverage with financial stability. Whole life insurance from Protective can be a smart investment for Oakland residents, providing lifelong protection and the potential to build cash value over time.
The top providers for men are:
The top providers for women are:
Whole life insurance is a permanent policy designed to last the insured's entire lifetime, offering a fixed premium and a death benefit. For example, someone might choose whole life insurance to ensure their family's financial security or to leave a legacy.
In Oakland, Protective stands out as the premier choice for whole life insurance, securing the highest MoneyGeek score of 92 for men and women. The company's commitment to customer satisfaction and financial stability contributes to its top placement.
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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.
Protective provides the best universal life insurance in Oakland for men and women, with a MoneyGeek score of 91. This score indicates a strong combination of affordability, customer satisfaction and financial stability, making Protective a solid choice for the average individual seeking a reliable universal life insurance policy.
The top providers for men are:
The top providers for women are:
Universal life insurance offers flexibility in premiums and death benefits, which can be appealing for those who anticipate changes in their financial situation over time. For instance, someone might prefer universal life insurance if they want the option to adjust their coverage as their family grows or their debts decrease.
Protective stands out as the best universal life insurance provider in Oakland, offering robust coverage for both men and women. With a MoneyGeek score of 91 for both genders, Protective combines excellent customer satisfaction and strong financial stability to deliver quality service and peace of mind to its policyholders.
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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 provides the best life insurance with no mandatory medical exam in Oakland for men and women, with a MoneyGeek score of 91. This score indicates that Protective excels in affordability, customer satisfaction and financial stability, which are key considerations for the average individual seeking life insurance without the hassle of a medical exam.
The top providers for men are:
The top providers for women are:
No-medical-exam life insurance allows individuals to obtain coverage more quickly and with less effort than traditional policies, which often require a medical exam. For instance, someone with a busy schedule or a non-traditional work life might opt for this insurance to secure coverage without the need for a doctor's visit.
Protective stands out for its commitment to customer satisfaction and affordable premiums for men and women needing life insurance. This company simplifies the search for reliable life insurance without the need for a medical exam.
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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.
For older men in Oakland seeking the best term life insurance for seniors in Oakland, Mutual of Omaha leads with a MoneyGeek score of 91 and an average monthly premium of $73. For women, Protective is at the top, earning a MoneyGeek score of 92 and a $67 average monthly premium.
Age impacts life insurance premiums because insurers weigh the increased health risks that come with age. Mutual of Omaha and Protective stand out due to their strong performance across affordability for seniors, customer satisfaction, buying process, financial stability and product diversity.
| 1 | Protective | $76 | 91 |
| 2 | Mutual of Omaha | $85 | 91 |
| 3 | Nationwide | $72 | 90 |
| 4 | Allstate | $69 | 89 |
| 5 | Transamerica | $70 | 88 |
| 6 | AAA | $96 | 88 |
| 7 | Prudential | $73 | 87 |
| 8 | State Farm | $112 | 86 |
| 9 | Haven | $150 | 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.
The best term life insurance for smokers in Oakland is provided by Mutual of Omaha, with the highest MoneyGeek score of 91 for men and 89 for women. The monthly premium is approximately $82 for men and $103 for women.
Smoking is a significant factor in determining life insurance premiums due to the health risks it poses. Insurers consider smokers to be higher risk, which often results in higher premiums. Mutual of Omaha achieves its top ranking by excelling in customer satisfaction, affordability, financial stability and product diversity.
| 1 | Mutual of Omaha | $82 | 90 |
| 2 | Nationwide | $78 | 89 |
| 3 | AAA | $85 | 88 |
| 4 | Prudential | $64 | 88 |
| 5 | Transamerica | $76 | 87 |
| 6 | Protective | $133 | 87 |
| 7 | Haven | $82 | 86 |
| 8 | State Farm | $116 | 84 |
| 9 | Allstate | $113 | 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.
For young adults in Oakland, Protective is the winner. It earns a MoneyGeek score of 92 and offers average monthly premiums of $10 for women and $11 for men. Protective's high MoneyGeek score is attributed to its affordability, customer satisfaction and financial stability.
Age plays a crucial role in determining life insurance premiums, with younger adults typically benefiting from lower costs. Choosing the best term life insurance for young adults is essential for securing financial protection at a reasonable cost.
| 1 | Protective | $10 | 92 |
| 2 | Mutual of Omaha | $12 | 91 |
| 3 | Nationwide | $12 | 90 |
| 4 | Allstate | $10 | 89 |
| 5 | Transamerica | $10 | 88 |
| 6 | AAA | $13 | 88 |
| 7 | Prudential | $14 | 85 |
| 8 | State Farm | $17 | 85 |
| 9 | Haven | $15 | 84 |
| 10 | Bestow | $21 | 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.
If you're looking for the best cheap term life insurance in Oakland, Protective tops the list for men and women with a MoneyGeek score of 92. The monthly premium is $16 for men and $18 for women.
Factors affecting life insurance premiums include age, health, coverage amount and term length. To get the lowest premiums, maintain excellent health, choose a shorter term length and opt for a higher coverage amount.
Protective scores high due to its affordability, customer satisfaction, and financial stability. These factors make it a strong choice for anyone seeking the best cheap term life insurance in Oakland.
| 1 | Protective | $16 | 92 |
| 2 | Allstate | $16 | 91 |
| 3 | Nationwide | $18 | 91 |
| 4 | Transamerica | $16 | 91 |
| 5 | Mutual of Omaha | $20 | 89 |
| 6 | AAA | $22 | 87 |
| 7 | Prudential | $22 | 85 |
| 8 | State Farm | $28 | 82 |
| 9 | Haven | $27 | 82 |
The average monthly premium for term life insurance in Oakland, California, is $29 for women and $33 for men. Knowing these rates can help consumers make informed decisions when purchasing life insurance.
Several factors affect the cost of life insurance premiums, including age, health, lifestyle and occupation. Insurance companies assess these factors to determine the risk associated with insuring an individual.
The cost of life insurance in Oakland might be different from other parts of California due to various reasons. Local economic conditions, health statistics and lifestyle trends can all influence insurance premiums. For instance, if Oakland has higher health care costs or a higher incidence of certain health conditions, premiums might be higher. Conversely, lower living costs or healthier lifestyle trends could result in lower premiums.
Protective has the best life insurance in Oakland for men. Its MoneyGeek score is 92, making it the top choice based on the provided data. This score reflects various factors such as affordability, customer satisfaction and financial stability.
The monthly premium cost for the best life insurance for men in Oakland is approximately $32. This cost is based on Protective's pricing and reflects the affordability for a non-smoking male aged 31 to 40 with excellent health.
Protective also offers the best life insurance in Oakland for women. Their MoneyGeek score is 91, which makes it the top choice for female consumers in this area. The score takes into account factors like affordability, customer satisfaction and financial stability.
The monthly premium cost for the best life insurance for women in Oakland is approximately $34. This cost is based on Protective's pricing and reflects the affordability for a non-smoking female aged 31 to 40 with excellent health.
Life insurance in Oakland may differ from the rest of California in terms of premium costs, coverage options, and company ratings. For example, Protective offers competitive rates and high MoneyGeek scores in Oakland, which may not be the same in other cities. Local economic conditions and demographics could also influence these differences.
If a life insurance company goes bankrupt in Oakland, the policyholders are typically protected by state guaranty associations. These associations step in to cover claims up to a certain limit, ensuring that policyholders do not lose their coverage entirely. It's essential to understand the specific protections available in California.
Oakland residents might need life insurance to provide financial security for their families, cover outstanding debts, or ensure that their loved ones can maintain their standard of living. Life insurance can also help with funeral expenses and provide peace of mind knowing that dependents are protected in the event of an untimely death.
To find a lost life insurance policy in Oakland, start by checking personal records and contacting the deceased's financial advisors. You can also reach out to the California Department of Insurance for assistance. They can help track down policies by searching through their database of unclaimed life insurance benefits.
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.
