Worst Rate-Hike Pain May Still Lie Ahead for Some California Drivers

Married Couples

A young married couple with clean driving records who live in the Glen Park neighborhood of San Francisco would pay an extra $1,565 a year for standard insurance as the result of a 30% rate increase on a policy covering a Toyota Camry and a Toyota Sienna. That’s 23% of their annual grocery spending. A 50% increase in their insurance rate would cost them an extra $2,600 a year—38% of their grocery budget. 
A young married couple in the Escondido neighborhood of San Diego with no tickets or accidents on their record would pay about $1,070 a year more as the result of a 30% rate increase. That’s enough to cover 21% of their annual grocery bill. A 50% rate increase would cost them an extra $1,790 a year—equal to about 35% of their annual grocery bill.
With one moving violation on their collective record, that couple in Escondido would pay an additional $1,320 a year as the result of a 30% rate increase. That’s equivalent to 26% of their grocery expenses. A 50% rate hike would cost them an extra $2,200 a year—about 43% of their grocery spending. 

Families With a Teen Driver

With a 30% rate increase, a married couple with a teen driver living in the Reseda neighborhood of Los Angeles who have no violations or at-fault accidents on their records would pay an additional $2,830 a year for two vehicles, a Toyota Camry and a Toyota Highlander. That’s equal to 42% of their annual grocery budget. A 50% increase would cost them an additional $4,700 a year—about 70% of that annual grocery budget.
If one of those parents in Reseda had a traffic violation on their record, a 30% rate increase would cost them an additional $3,360 a year, half (50%) of their annual grocery bill. A 50% rate increase would cost an extra $5,600 a year, about 83% of what they spend on groceries. 
A married couple with a teen driver living in Inglewood who have no accidents or violations on their records would pay an additional $2,670 a year as the result of a 30% rate increase on a standard policy covering a Toyota Camry and a Toyota Highlander. That’s equivalent to 40% of their annual grocery budget. A 50% rate increase cost them $4,450 a year, equal to 66% of their grocery budget.
If that Inglewood couple had just one moving violation between them, a 30% rate increase would cost them an additional $2,940 a year, equal to nearly half (44%) of their annual grocery budget. A 50% increase would be about $4,900 extra, enough to wipe out nearly three quarters (73%) of their annual grocery money. 

Young, Single Drivers

For a single, 30-something resident of the Echo Park neighborhood of Los Angeles with a clean driving record, a 30% rate increase would cost an additional $440 a year for a Honda Accord, about 20% of their annual grocery spending. A 50% increase would cost $740 a year, or 33% of their grocery budget.
If that Echo Park resident had an at-fault accident on their record, though, a 30% rate increase would cost them an additional $1,370 a year, equal to about 62% of their annual grocery budget. A 50% increase would cost about $2,300 more per year, roughly equal to their annual grocery expenditures.
A single, 20-something driver with a Honda Accord who lives in the Inglewood neighborhood of Los Angeles would pay an additional $1,040 a year for standard insurance as the result of a 30% rate hike. That’s 44% of what they spend at the grocery each year.  A 50% rate increase would cost them $1,730—nearly three fourths (74%) of their grocery budget.
With an at-fault accident on their record, the 20-something driver in Inglewood would pay an additional $1,460 a year for a 30% rate increase. That’s 44% of their annual grocery spending. A 50% rate increase would equal 104% of their annual grocery budget.

Methodology

Citing Our Research