With a population of 400,000 and the busiest port in the Bay Area, Oakland is a thriving city. Despite having many options for public transportation, most area commuters still choose their car. This makes it even more important to find all the options for cheap car insurance that Oakland has available.
Car Insurance in Oakland
Most sources state that the average auto insurance premium in Oakland is around $1,100 per year. That price can vary wildly however, depending on your age, driving experience, and the vehicle you drive. Because it is an urban area, and part of the larger Bay Area, the rate of uninsured drivers is slightly higher than the state average. There is also an increased risk of traffic collision and vehicle theft.
Knowing the details about your city can help a great deal when searching for the best insurance at the lowest price. Insurance companies rate primarily based on the following factors:
- Years of driving experience
- Marital Status
- Vehicle type/age
- Driving record
Auto Theft Information
Auto theft rates affect your insurance rates the most, as they directly impact insurance companies’ loss ratios. If you live in Oakland you might want to consider purchasing Comprehensive coverage, but expect to pay a higher premium for it than you would in other cities.
If you decide to live in the more urban areas of Oakland, there are still steps you can take to lower your insurance rates. These neighborhoods (like Downtown) have many perks, so don’t rule them out. Access to public transportation, more amenities, lower rents, and proximity to the best of Oakland’s art and culture make Downtown and the surrounding areas highly desirable. To save money on your auto insurance in these areas, consider the following:
- Raise your deductible to the highest you can afford
- Commute using public transportation (lower annual miles means lower rates)
- Bike or walk (Oakland is consider friendly to pedestrian commuters)
- Install an alarm or tracking device on your vehicle for additional premium discounts
The best way to save money on your car insurance is to shop around as frequently as possible. Rates in Oakland are constantly adjusting based on new data, so the price you pay today may not be the lowest tomorrow. So if you’re a resident, or are thinking of moving to Oakland, you know that the number of opportunities will continue to grow. And the more you learn about your city, the better choices you can make when it comes to your car insurance.