What Type of Insurance Are You Shopping For?
In accordance with California Insurance Code Sections 12959, 10234.6 and 10192.20, we survey insurers licensed to transact insurance in California and ask them to provide their annual premiums for various lines of personal insurance. The links below provide helpful insurance information and an interactive tool for consumers to use to obtain a premium comparison between insurance companies. The results of these surveys are good indicators of the differences in premiums charged by insurance companies.
Please Note: the results of these surveys are not premium quotes.
2018 Automobile Insurance
Online rate comparison for Private Passenger Automobile
2018 Homeowners Insurance
Including Condominiums, Renters and Earthquake Insurance
2017 Long-Term Care Insurance
Insurance that you may need when you are not able to do some of the basic «activities of daily living.»
2018 Medicare Supplement Insurance New
Also known as Medigap insurance.
Information on the CA Workers’ Compensation Rate Comparison
Online rate comparison for the top 50 workers’ compensation insurers
How Do Rates and/or Premiums Affect What I am Charged?
Insurers base the premiums they charge on insurance company rates that are filed with and approved by the California Department of Insurance. The rates form the building blocks of the premium you eventually get charged, and include discounts for some risks and additional charges for other risks. As an example, an insurance company’s rate for automobile insurance might include a discount if you have more than one policy with the insurer and an additional charge if your vehicle is a sports car. After determining all the characteristics of your risk, the insurer calculates the actual amount of premium they will charge for your policy.
The California Department of Insurance is a regulatory agency and not an insurance agent. As such, we cannot provide actual quotes. These surveys are intended solely as a comparison of premiums amongst some companies. You should be aware that:
While the companies surveyed represent over 90% of their respective markets, there are other insurers admitted to sell insurance that are not included in these surveys; and
Mostimportantly, the amount you actually get charged by any particular insurer may be different than the amount you see on our surveys. These surveys provide basic premium information and do not factor in discounts or surcharges which may be applicable to your unique situation.
If you have any questions about the information contained in these surveys, please do not hesitate to contact our Consumer Hotline.
Do you think nerdy types are the ones with all the financial answers you may need? Well, so do the owners of NerdWallet, a website that offers financial advice, insurance comparison tools and more. The website founders, Tim Chen and Jacob Gibson, wanted consumers to have a place to go for all their financial needs and so they founded NerdWallet in 2009. Their goal was to give consumers straight talk and unbiased financial information.
It all started when Chen was searching for a credit card and ended up creating a spreadsheet with over 1,000 credit cards. The current chief operating officer of NerdWallet as of 2014 is Dan Yoo coming over as the former Vice President of social media site, LinkedIn. Although the business was started in Tim Chen’s apartment, it now operates out of a San Francisco, CA office.
Ratings and Awards
Although only a few years old, NerdWallet has racked up its share of awards and top ratings and has become a mainstay for those searching for financial advice and comparison tools. Here are a few reasons why NerdWallet is a great choice when searching for financial advice:
Better Business Bureau: A+ Rating. NerdWallet is a BBB accredited business and it does not have any negative ratings or complaints listed with the Better Business Bureau.
CNN Money: Top 20 Best Money Sites for 2010
Recommendations from top news organizations including The Wall Street Journal
Features and Tools
Featured tools on NerdWallet include free financial advice and comparison tools for financial products and insurance. You can find help for your financial questions for the following categories:
Finance: Credit Cards, Bank Accounts, Mortgages, Car Insurance, Ask an Advisor, Cost of Living
Education: FAFSA Guide, Scholarships, Compare Colleges, Job Search Guide
Shopping: DealFinder, Coupons, Reward Mall
Health: Best Hospitals, Health Insurance, Medical Bill Help
Find Credit Cards: Best Credit Cards, Rewards Credit Cards, Cash Back Cards, Travel, Low Interest Credit Cards, Balance Transfer Credit Cards, Gas Credit Cards, 0% Credit Cards, Student Credit Cards
There is also a chat feature where you can receive personalized answers from what the site fondly refers to as its “expert nerds.” These nerds include experts in insurance, investing retirement, personal finance, small business and taxes.
Insurance Comparison Tool
You can compare Auto insurance quotes through NerdWallet’s top insurance provider partners including Allstate, 21st Century, Liberty Mutual and USAA. To start the search for a health insurance plan by entering your zip code on the website. Then you will be directed to answer a few questions online regarding what specific type of health insurance coverage you need and who needs the coverage.
The insurance comparison tool on NerdWallet allows you to find information and insurance quotes for these types of insurance:
Classic Car Insurance
Whole Life Insurance
Term Life Insurance
Universal Life Insurance
Variable Life Insurance
Loss/Theft of Personal Property
Liability Insurance (Umbrella)
The Bottom Line
According to the website owners, its resources are meant for people who have money, spend money or want more money. I believe this demographic pretty much includes everyone. The financial expert advisors are all experts in their respective fields and the company has an “A+” rating with the Better Business Bureau with no complaints filed.
For this reason and more, I think the “nerdy” financial advice you receive at NerdWallet may be well worth listening to and the helpful comparison tools will arm you with information to make informed financial decision in your personal and business life. After all, what could be better than free financial advice that you can actually trust? It is just one more tool you can use when comparison shopping and trying to find the best value in insurance.