Best Cheap Car Insurance in Riverside for 2021

Table of Contents Best car insurance companies in RiversideWawanesaGeicoMercuryProgressiveState FarmCheapest car insurance in RiversideRiverside insurance

Every driver in Riverside, California is required to carry car insurance to protect their legal and financial responsibility in the event of an accident. Fortunately, the number of accidents in California decreased 5.1% between 2018 and 2019, but the risk of accident is still always there. The average cost of car insurance in Riverside is $739 per year for minimum coverage and $2,049 per year for full coverage.

Drivers who are shopping for car insurance in Riverside have a variety of options, but not all car insurance companies in Riverside are created equal. We did some research to find the best car insurance companies in Riverside using criteria like average rate, discounts and third-party ratings.

Best car insurance companies in Riverside

California drivers can get the best car insurance in Riverside from Wawanesa, Geico, Progressive, State Farm and Mercury. These providers are all rated above average for overall customer satisfaction by J.D. Power & Assocites and have reliable coverage. Most of these providers also offer below-average rates and great discounts for additional savings.

Insurance company J.D. Power customer satisfaction score Average annual premium for minimum coverage Average annual premium for full coverage
Wawanesa 853 / 1,000 $641 $1,564
Geico 828 / 1,000 $536 $1,590
Mercury 816 / 1,000 $636 $1,659
Progressive 819 / 1,000 $674 $1,821
State Farm 818 / 1,000 $730 $2,027

Wawanesa

Wawanesa took the top spot in J.D. Power’s 2021 U.S. Auto Insurance Study for overall customer satisfaction in California. It offers some of the cheapest car insurance in Riverside, and the company also has a number of discounts for even more savings. Wawanesa offers discounts for good drivers, loyal customers, affinity group members and drivers over 55 who complete a California DMV-approved defensive driver course.

Learn more: Wawanesa Insurance review

Geico

Geico is well known for being one of the cheapest insurance companies, but it is also highly rated for overall customer satisfaction. Geico stands out for its impressive list of discounts, with savings for military personnel, emergency deployment, federal employees, affinity groups, safe drivers, vehicles with safety features, good students and a few others. One downside to Geico is that the endorsements are limited, so it is best for drivers who need basic coverage.

Learn more: Geico Insurance review

Mercury

Mercury is a Los Angeles-based insurance company that offers flexible coverage and great discounts. There are savings for good drivers, enrolling in autopay, paying your premium in full, student drivers, bundling your policies and more. Mercury is also a good option for Riverside residents who drive infrequently. Mercury’s mileage-based rewards program, called RealDrive, can lower your rate based on the number of miles you travel each year.

Learn more: Mercury Insurance review

Progressive

Progressive is one of the best car insurance companies in Riverside for drivers who are looking for cutting-edge online tools and resources. You can use the Name Your Price Tool to build a policy that fits your budget, and easily compare Progressive’s rates to competitor prices on the website. In addition, Progresisve offers great discounts, including a safe driver discount program called Snapshot that can help you save an average of $146 on your policy.

Learn more: Progressive Insurance review

State Farm

We recommend State Farm for safe drivers and young drivers in Riverside. It is one of the only companies that offers two safe driver rewards programs—Steer Clear for drivers under 25 and Drive Safe & Save for drivers over 25. State Farm also offers standard discounts for being claim-free, bundling your policies, being a good student and more. If you want more coverage, you can add roadside assistance, car rental coverage or rideshare insurance to your policy.

Learn more: State Farm Insurance review

Cheapest car insurance in Riverside

The average cost of car insurance in Riverside is only slightly lower than the average rate in California, which is $2,065 per year. However, Riverside drivers pay significantly more for car insurance than the average American. For comparison, the average cost of car insurance in the United States is $1,674 per year for a full coverage policy.

Some car insurance companies in Riverside are cheaper than others. In the table below, we highlighted the cheapest car insurance rates from the most popular carriers in Riverside based on market share.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $536 $1,590
AAA $556 $1,846
Mercury $636 $1,659
Progressive $674 $1,821
Travelers $680 $1,800

Many Riverside drivers look for the cheapest car insurance in California, but it is important to look at other factors besides price. For example, if you are looking for a company with good endorsements, check out AAA, Progressive or Travelers, as Geico and Mercury offer limited endorsements.

All of these providers offer great discounts, but the savings differ. For instance, Geico is the only company on this list that has a discount for military personnel and federal employees, whereas Travelers is the only provider listed that offers special savings for hybrid and electric vehicle owners.

Riverside insurance requirements

California’s car insurance requirements are much lower than other states. Drivers in Riverside are required to carry at least 15/30/5 in personal liability car insurance, which includes the following coverages:

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

Choosing a minimum coverage policy means you will pay the lowest rate. However, it is recommended that most drivers purchase more coverage than what is required.

There is no guarantee that a liability-only policy in Riverside will provide enough protection in the event of an at-fault accident. If the damages exceed your policy’s limit, you have to pay the difference out-of-pocket. Also, drivers who lease or finance their vehicle are often required to carry full coverage insurance until their loan is fully paid off.

Car insurance discounts in Riverside

Many California car insurance companies have discounts that can help Riverside drivers save money on their policy. Some of the most popular car insurance discounts include:

  • Policy bundling discount: Drivers who insure their vehicle and their home with the same insurance company can usually qualify for a significant discount.
  • Defensive driving course discount: Riverside drivers who complete an approved defensive driving course can often save money on their car insurance policy.
  • Claim-free discount: If you have no prior insurance claims on your record within the last few years, most insurance companies will lower your rate.
  • Vehicle safety discount: Many insurance companies offer a discount if your car is equipped with safety features, like anti-locks or an anti-theft device.

In addition to these discounts, drivers in Riverside can also get a lower car insurance rate by improving their credit score, which is one of the most effective ways to save money. You can also increase your deductible to get a lower monthly rate.

Frequently asked questions

What is the best car insurance company?

The best car insurance company depends on factors that are unique to each driver, like where you live, how much you want to spend and what type of coverage you need.

How much car insurance do I need in Riverside?

Drivers in Riverside are required to have at least 15/30/5 personal liability car insurance. However, it is a good idea to consider increasing your liability coverage limits for more protection or upgrade to a full coverage policy.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 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

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.