Wouldn’t it be great if you could know instantly the single best car insurance company that has the best auto insurance prices for drivers over age 60? Unfortunately, it’s just not that easy, as there are a ton of unknown elements like whether you are married or single, the number of miles you drive in a year, whether or not your vehicle has good safety ratings, and the amount of liability coverage you want, that all impact the price you pay. We will try to cover some of these topics and educate you enough to have a good start in finding the cheapest car insurance.
For older drivers, one of the largest things that are looked at to help calculate the annual cost of car insurance is where your residence is. Regions with larger populations or more claims tend to pay slightly more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The following table shows the highest-priced areas in Arizona for drivers over age 60 in which to purchase auto insurance. Tucson makes the list at #15 with an annual premium of $1,061 for the average insured, which is approximately $88 monthly.
|Rank||City||Premium Per Year|
|4||San Tan Valley||$1,185|
|25||Lake Havasu City||$844|
|Start a Quote Go|
Premium amounts are estimated as specific Tucson zip code can impact price quotes noticeably.
Finding dependable, low-priced insurance is challenging, and determining which companies offer the most affordable auto insurance rates for drivers over age 60 takes a little more work. Every insurance provider uses a different method for setting prices, so first let’s look at the rankings for the auto insurance companies that tend to be cheaper in Arizona.
It’s important to understand that Arizona auto insurance rates are determined by lots of factors that may substantially change the cost of a policy. Simply having another birthday, buying a different vehicle, or getting a ticket for running a stop sign may generate price changes that can cause some rates to be cheaper than before.
Best Auto Insurance Prices for Age 60+
The Hartford may offer some of the cheapest car insurance rates in Tucson at around $845 per year. Safeco, Auto-Owners, Travelers, and USAA are also some of the best Tucson, AZ auto insurance companies.
As shown in the table above, if you currently buy coverage from Travelers and switched to Safeco, you might achieve yearly savings of approximately $196. Insureds with USAA might save as much as $201 a year, and Progressive policyholders might lower prices by up to $229 a year.
Bear in mind that those premiums are averages for all types of drivers and the different vehicles they drive and and are not figured with a specific vehicle garaging location for drivers over age 60. So the company that is best suited for you may not even be in the top 28 companies shown above. That underscores the importance of why you need to compare rates from multiple companies using your own individual information.
How to get discounts on Tucson auto insurance
Insurance companies that offer cheap quotes for drivers over age 60 could also offer discounts that could lower prices by 40% or more if you meet the requirements. A list of auto insurance companies and their possible discounts are outlined below.
- American Family has savings for defensive driver, mySafetyValet, early bird, accident-free, Steer into Savings, and air bags.
- Farm Bureau may include discounts for multi-vehicle, youthful driver, safe driver, good student, and driver training.
- State Farm includes discounts for driver’s education, anti-theft, multiple policy, good driver, safe vehicle, Steer Clear safe driver discount, and defensive driving training.
- Travelers may have discounts that include multi-policy, good student, save driver, hybrid/electric vehicle, multi-car, IntelliDrive, and continuous insurance.
- The Hartford offers discounts for bundle, driver training, good student, vehicle fuel type, anti-theft, defensive driver, and air bag.
- GEICO discounts include military active duty, federal employee, good student, membership and employees, anti-lock brakes, emergency military deployment, and driver training.
- Progressive has discounts for online quote discount, multi-policy, online signing, homeowner, and good student.
The diagram below illustrates the comparison of insurance costs with and without discounts applied. The costs are based on a female driver, no driving violations, no at-fault accidents, Arizona state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with claim-free, marriage, homeowner, defensive driving course, passive restraint, and multiple policy discounts applied. When drivers qualify for the discounts, theaverage amount saved on auto insurance for drivers over age 60 is 29% or $473.
The illustration below highlights how deductible selection can increase or decrease annual premium costs when getting quotes for cheap insurance for drivers over age 60. The price estimates are based on a single female driver, full coverage, and no policy discounts are applied.
A 30-year-old driver could lower their car insurance rates by $272 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $410 by using a $1,000 deductible. Younger drivers, like the 20-year-old example, could reduce their rates up to $602 every year by choosing a larger deductible amount. When insureds make the decision to increase the deductibles on their policy, it is essential to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Full coverage versus liability only rates
Finding the cheapest auto insurance should be important to most vehicle owners, and one of the easiest ways to find cheaper insurance for drivers over age 60 is to buy only liability coverage. The example below visualizes the comparison of annual premium costs with and without full coverage. The information is based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no additional discounts are factored in.
If averaged for all ages, physical damage insurance costs $1,263 per year more than just buying liability only. That brings up the question if you should buy full coverage at all. There isn’t a steadfast formula to eliminate full coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s assume your vehicle’s settlement value is $4,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $3,500 after you pay the deductible. If you are paying over $350 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.
There are some scenarios where eliminating full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
How to find the cheapest insurance for drivers over age 60
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching solutions that can help Tucson drivers locate lower-cost car insurance.
- Do not insure for full coverage
- Drivers with good credit ratings often pay less
- Safer vehicles cost less to insure
- Violations like speeding or DUI increase rates
- Raise your physical damage coverage deductibles
- At-fault accidents can raise rates significantly
- Compare rate quotes frequently
That last tip is very necessary, as was emphasized in this write-up. Prices charged by car insurance companies can be adjusted at any time, so you should be ready to switch to a new company if you can find a cheaper rate.
Being loyal to a particular company is commendable, but it’s not a great idea if that faithfulness ends up costing you a lot of money. In less than five minutes you could shop around and find cheaper auto insurance for drivers over age 60 in Tucson.
If you wish to have the advice of a professional agent when shopping for the best coverage for older drivers, the agents below are willing to aid you in deciding which car insurance policy is best.
To locate a Tucson insurance agent in your neighborhood, click the button following the list.
Mike Severson – State Farm Insurance Agent
5475 S Calle Santa Cruz Ste 161 – Tucson, AZ 85706 – (520) 746-1079
Allied Insurance Group
2424 E Broadway Blvd # 114 – Tucson, AZ 85719 – (520) 918-2886
Leavitt Group – Koty-Leavitt Insurance Agency
6992 E Broadway Blvd – Tucson, AZ 85710 – (520) 571-1900