The vehicle model you are buying coverage for is a large consideration when comparing low-cost coverage for drivers over age 60. Vehicles with lots of horsepower, a lack of advanced safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models. The next table presents insurance costs for the cheapest automobiles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,109|
|Honda CR-V EX 4WD||$1,134|
|Dodge Grand Caravan CV||$1,245|
|Ford Explorer XLT AWD||$1,251|
|Ford Focus S 4-Dr Sedan||$1,292|
|Toyota Tacoma 2WD||$1,302|
|Ford Edge SEL 2WD||$1,292|
|Chevrolet Impala LS||$1,299|
|Jeep Grand Cherokee Laredo 4WD||$1,316|
|Chevrolet Malibu Hybrid||$1,323|
|Chevrolet Equinox LS 2WD||$1,316|
|Volkswagen Jetta LE 4-Dr Sedan||$1,325|
|Toyota RAV4 Sport 4WD||$1,316|
|Toyota Camry LE||$1,324|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,362|
|Toyota Corolla S||$1,384|
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Table data represents single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Estimates do not factor in specific location which can decrease or increase coverage rates greatly.
Based upon the table data, you can figure that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, Dodge Grand Caravan, and Ford Explorer are the most affordable vehicles to insure for older drivers.
Deciding which companies have the lowest-priced insurance rates for drivers over age 60 may require a little more sweat than just comparing rates from one or two companies.
Each insurer uses a little different formula for filing rates in each state, so we’ll go over the lowest cost insurance companies in Stockton.
Cheapest Insurance Rates for Age 60+
|Rank||Company||Cost Per Year|
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USAA quotes some of the most affordable car insurance rates in Stockton at around $1,109 a year. This is $542 less than the average premium paid by California drivers of $1,651. Century National, Wawanesa, Nationwide, and CSAA are also some of the cheaper Stockton, CA car insurance companies.
As shown above, if you are a policyholder with Nationwide and switched to USAA, you may realize yearly savings of approximately $104. Policyholders with CSAA may save as much as $125 a year, and 21st Century insureds might see rate reductions of $216 a year.
If you want to see how much you could save, click here to get a free quote or quote prices from the following companies.
Be aware that those rates are averages for all types of drivers and the different vehicles they drive and and are not calculated with an exact vehicle garaging location for drivers over age 60. So the company that fits your age and vehicle best may not even be in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
One of the more important components that are looked at to help calculate the price you pay for insurance is your address in Stockton. Cities with larger populations or higher claim trends will most likely have higher rates, whereas areas that tend to be more rural benefit from lower rates.
The illustration below ranks the highest-priced places in California for drivers over age 60 in which to purchase auto insurance. Stockton is ranked #12 costing $1,541 for car insurance, which is approximately $128 each month.
|Rank||City||Average Per Year|
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Premium amounts are approximated as the specific area where the vehicle is garaged can revise insurance rates noticeably.
Types of discounts on Stockton insurance
Insurance companies that offer cheap quotes for drivers over age 60 could also offer price discounts that could potentially reduce rates by 25% or more if you can meet the requirements. Popular insurance companies and a partial list of their discounts can be read below.
- State Farm may include discounts for safe vehicle, good student, passive restraint, good driver, Steer Clear safe driver discount, student away at school, and driver’s education.
- GEICO offers discounts for anti-theft, federal employee, driver training, seat belt use, membership and employees, and five-year accident-free.
- Progressive has discounts for good student, online quote discount, continuous coverage, multi-policy, homeowner, online signing, and multi-vehicle.
- 21st Century discounts include homeowners, early bird, student driver, theft prevention, anti-lock brakes, and 55 and older.
- American Family policyholders can earn discounts including multi-vehicle, good student, early bird, Steer into Savings, TimeAway discount, and defensive driver.
- The Hartford has savings for anti-theft, defensive driver, vehicle fuel type, driver training, and bundle.
- AAA offers premium reductions for multi-car, anti-theft, good driver, pay-in-full, multi-policy, and AAA membership discount.
The example below visualizes the comparison of auto insurance costs with and without discounts applied to the policy premium. The information is based on a female driver, a clean driving record, no claims, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with anti-theft, vehicle safety, multiple policy, multiple vehicle, marriage, and homeowner discounts applied. When discounts are applied, theaverage amount saved on insurance for drivers over age 60 is 30% or $866.
The information below shows how different deductible levels can impact insurance costs when researching cheap insurance for drivers over age 60. The information is based on a single female driver, comp and collision included, and no policy discounts are applied.
The data above shows that a 30-year-old driver could save $544 a year by switching from a $100 deductible up to a $500 deductible, or save $816 by choosing a $1,000 deductible. Even younger insureds, like the 20-year-old category, could save $1,216 or even more just by choosing higher deductibles.
When raising deductibles, it will be important to have additional funds in a savings account to satisfy the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
How to find budget-friendly insurance for drivers over age 60
The list below details some money-saving ideas that can help Stockton drivers get more affordable coverage.
- Violations and traffic tickets increase rates
- Prevent price hikes by avoiding at-fault accidents
- Clean up your credit
- Earn discounts for being claim-free
- Safer vehicles generally have cheaper insurance rates
- Shop your coverage around for the best deal
That final tip is notably important, as we pointed out in this article. Prices charged by auto insurers in Stockton can be changed at any time, so drivers shouldn’t hesitate to buy from a different company if a more affordable rate is found.
Having a favorite company is great, but it’s not a great idea if that devotion results in you overpaying a considerable chunk of change every month. Now is a great time to compare rates and find cheaper car insurance for drivers over age 60.
If you aren’t sure which coverage you need and prefer to have a little guidance when buying car insurance for older drivers, the professional agents shown below are willing to help you decide which is the best policy. To locate an agency by location nearest to you, click the button after the list.
Stockton Insurance Services
1407 E Miner Ave – Stockton, CA 95205 – (209) 941-4444
George Azevedo Jr – State Farm Insurance Agent
718 Lincoln Center – Stockton, CA 95207 – (209) 474-3285
6 W Main St # J – Stockton, CA 95202 – (209) 463-0267
Farmers Insurance – Arnold Respicio
2333 W March Ln, Ste C1 – Stockton, CA 95207 – (209) 951-7739