The make and model of vehicle to be insured is a significant factor that determines whether or not you find the most economical insurance for retired military. Vehicles with limited top-end speed, modern passenger safety features, or a low likelihood of having liability claims will cost significantly less to insure than adrenaline junky models.
The next table presents car insurance costs for a number of the more affordable automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $830 |
| Hyundai Elantra SE Touring Station Wagon | $879 |
| Honda Accord LX-P 4-Dr Sedan | $930 |
| Ford Fusion S 4-Dr Sedan | $959 |
| Jeep Grand Cherokee Laredo 2WD | $968 |
| Toyota RAV4 Limited 4WD | $959 |
| Toyota Camry SE | $1,010 |
| Chevrolet Impala LTZ | $1,020 |
| Honda CR-V EX-L 4WD | $1,020 |
| Nissan Rogue S 2WD | $1,028 |
| Ford Explorer Eddie Bauer 2WD | $1,041 |
| GMC Sierra 3500HD SLT Extended Cab 2WD | $1,047 |
| Ford Edge SEL AWD | $1,077 |
| Volkswagen Jetta S 4-Dr Sedan | $1,098 |
| Toyota Prius | $1,106 |
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Estimates do not factor in specific zip code location which can lower or raise premiums significantly.
Looking at the data, you can infer that vehicles like the Ford Escape, Hyundai Elantra, Honda Accord, and Ford Fusion are going to be a few of the most budget-friendly vehicles to insure for veterans.
One of the many considerations that help determine the amount you pay for auto insurance is where your car is garaged. More densely populated places will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates can boast about having cheaper rates.
The illustration below lists the highest-priced places in California for retired military to buy auto insurance in. Bakersfield shows up at #19 with the yearly price of $1,394 for the average insurance policy, which is about $116 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Los Angeles | $2,146 |
| 2 | Glendale | $2,079 |
| 3 | San Francisco | $1,763 |
| 4 | Oakland | $1,704 |
| 5 | Sacramento | $1,652 |
| 6 | San Bernardino | $1,644 |
| 7 | Stockton | $1,588 |
| 8 | Fontana | $1,581 |
| 9 | Long Beach | $1,562 |
| 10 | Moreno Valley | $1,551 |
| 11 | Santa Clarita | $1,548 |
| 12 | Modesto | $1,547 |
| 13 | Fresno | $1,517 |
| 14 | Garden Grove | $1,508 |
| 15 | Santa Ana | $1,497 |
| 16 | Riverside | $1,497 |
| 17 | Anaheim | $1,474 |
| 18 | San Jose | $1,423 |
| 19 | Bakersfield | $1,394 |
| 20 | Fremont | $1,389 |
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Premium costs are approximated as the garaging address in Bakersfield can affect coverage prices substantially.
Discount Bakersfield auto insurance
Car insurance companies that offer quotes for retired military may provide rate discounts that may potentially lower prices by as much as 40% or more if you meet eligibility requirements. Popular insurance companies and their possible discounts are detailed below.
- State Farm includes discounts for safe vehicle, accident-free, anti-theft, student away at school, multiple autos, driver’s education, and good driver.
- GEICO offers discounts including multi-vehicle, daytime running lights, federal employee, air bags, and driver training.
- Liberty Mutual may include discounts for newly married, multi-car, good student, multi-policy, and new vehicle discount.
- The Hartford offers premium reductions for driver training, vehicle fuel type, defensive driver, air bag, good student, bundle, and anti-theft.
- MetLife may offer discounts for accident-free, multi-policy, claim-free, defensive driver, and good student.
- Progressive policyholders can earn discounts including online quote discount, online signing, homeowner, multi-policy, good student, multi-vehicle, and continuous coverage.
The information below compares insurance costs with and without discounts being applied to the rates. The information is based on a female driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with multiple vehicle, passive restraint, marriage, vehicle safety, accident-free, and anti-theft discounts applied. When drivers take advantage of discounts, theamount saved on insurance for retired military is 28% or $599.
Impact of speeding/accidents on Bakersfield insurance rates
In a perfect world, the ideal way to enjoy cheap insurance premiums in Bakersfield for veterans is to be a good driver and maintain a clean driving record. The example below illustrates how violations and at-fault fender-benders influence insurance rates for different age categories. The information is based on a single female driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
In the example above, the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,767. Get two speeding tickets and the average cost swells to $2,351, an increase of $585 each year. Now get two accidents along with the two speeding tickets and the annual cost of insurance for retired military increases to an average of $4,802. That’s an increase of $3,035, or $253 per month, just for not driving attentively!
The benefits of price comparisons
Bakersfield insurance rates are influenced by many factors that will increase or decrease your annual premium. Turning one year older, buying a new vehicle, or getting a few speeding tickets can produce rate changes resulting in some companies being much cheaper than others. Not only may your situation change, but insurance companies change their prices at least once a year in order to offset underwriting gains or losses. A period of higher than normal claims may cause price increases, while a lower level of claims may cause more affordable Bakersfield car insurance rates.
For instance, the data below shows a variety of companies that have the cheapest car insurance in Bakersfield, CA for a 40-year-old male driver with a clear driving record, no claims, and excellent credit. If we compare prices based on his current rating profile, USAA may have the most affordable car insurance rates in Bakersfield at $1,169 per year. This is $482 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National are the remaining most affordable Bakersfield, CA auto insurance companies.
Let’s now give the driver from the first rate comparison a chargeable accident, bad credit, and a few blemishes on his driving record. Since every car insurance company has a unique approach to set their prices, getting updated rate quotes will most likely result in a slightly different list of the cheapest companies as shown below.
Grange now has the best insurance rate in Bakersfield, CA with Allstate, GEICO, Mercury, and Progressive also having competitive pricing. This example proves why California drivers need to compare many different companies when trying to get the most budget-friendly auto insurance rates for retired military. Rates can be determined by many risk factors and can change substantially, so the lowest-price company six months ago may now be one of the more expensive options.