Thousand Oaks, CA Car Insurance

Are rates in Thousand Oaks higher or lower than those in neighboring areas? How do they compare to the rest of California? What can Thousand Oaks residents expect to pay for their car insurance? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:

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How much is car insurance in Thousand Oaks?

Looking at the chart above, you can see that the average monthly price in Thousand Oaks is in line with pricing for the rest of California.

Likewise, when compared to the national average, the cost for auto insurance in Thousand Oaks is lower. The average monthly payment in Thousand Oaks is about $26 less than the rate for the rest of the United States.

While these numbers are the average rates for auto insurance in Thousand Oaks, that doesn't mean it's what you'll pay. There are a number of factors that determine how much insurance companies might charge you for your insurance policy. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the bill you'll see each month.

But worry not, we've done the heavy lifting and broken down the average rate for Thousand Oaks to help you understand what exactly you might be asked to pay. If you think you might be overpaying for insurance in your area, enter your ZIP Code below and find out!

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Average Car Insurance Rates by Age

Generally, the older you are, the more experienced you are on the roads, right? When it comes to your monthly premium, that experience can really pay off. As you can see, 18-24-year-olds pay $26 more than drivers 65 and older.

For every 10 years, you can expect to see a drop in your monthly premium. Once you hit retirement age, however, you may see your rates creep back up a bit in Thousand Oaks.

Average Car Insurance Rates by Gender

On average, female drivers pay slightly less than male drivers for car insurance. In Thousand Oaks, the difference comes out to about $5 per month. As illustrated in the table above, female drivers in the area pay about $52 on average, while male drivers pay around $57 each month.

Average Auto Insurance Rates by Driving Record

Your driving record can have a huge impact on your car insurance rates. Those with fewer accidents and tickets will pay significantly less than those with multiple infractions. In Thousand Oaks, having a single accident on your record will usually get you rates around $69 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $62.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.

Average Insurance Rates by Vehicle

The most affordable vehicles to insure in Thousand Oaks are by and large cars, which run about $54 per month.

SUV owners can expect to pay an average of around $59 a month for their policy, while truck and van drivers are usually around $55 to insure each month.

The age of your vehicle has an impact on the cost of your policy as well. Generally, newer vehicles are going to be the most expensive to insure. However, once your car is around 5 years old, you might start to see your rates slide back down slightly. In Thousand Oaks, the most expensive vehicles to insure are vehicles fifteen years and older and eleven-to-fourteen years old.

Average Car Insurance Rates by Relationship Status

Generally speaking, those who are currently married will pay slightly less for auto insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

In Thousand Oaks, the difference in rates based on relationship status can be as much as $12 a month.

Average Car Insurance Rates by Housing Situation

Your living accommodations is another component of how insurance companies calculate your monthly rate. Homeowners in Thousand Oaks can expect to pay around $2 a month less than those who rent. But if you live with your parents, you can expect to pay a lot more.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Thousand Oaks, CA

Recent trends in car insurance for Thousand Oaks drivers

Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before deciding on where to shop.

The rates for auto insurance in Thousand Oaks had been increasing from 2017-2019, when they hit a high of $61. This pattern leveled out in 2020, when they began to decrease, and have continued on that path through 2022, when car insurance rates reached a low of $47 a month.

How does Thousand Oaks compare to neighboring areas?

Why are car insurance rates in Thousand Oaks different from other areas?

When considering how much to charge for a monthly rate, car insurance companies will consider many factors. The price of your insurance policy will depend largely on where you live and drive and will be influenced by things such as:

• Rate of crime
• Area laws
• Number of drivers in the region
• Rate of car accidents
• Amount of off-street parking

It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Each area will have different rates. Guides like these are a wonderful place to get started.

How can I find the cheapest car insurance in Thousand Oaks?

While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Don't worry, Compare.com does all of that work for you. Just put in your ZIP below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from many of the car insurance companies offering plans in Thousand Oaks.

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Thousand Oaks Insurance FAQs

What factors affect car insurance quotes in Thousand Oaks?

The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's year, make and model, plus your marital status, address, credit score, and driving record.

Why is the cost of car insurance in Thousand Oaks different from other neighboring cities?

Things like crime rates, local laws, and parking situations, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

Which car insurance company will offer me the cheapest rate in Thousand Oaks?

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Thousand Oaks?

Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

Do I need to wait for my policy to expire to switch to a different car insurance company?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Thousand Oaks or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.