The words “bargain” and “insurance” probably shouldn’t be used together, in particular when searching for the cheapest car insurance for drivers over age 70. Because it’s so expensive, let’s get started by showing you some things that determine car insurance premiums, and find a way to lower the price of your next policy.
The make and model of vehicle you are insuring is a significant factor when quoting the lowest-priced coverage for drivers over age 70. Vehicles with more horsepower, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than safer models.
The data below outlines insurance rates for a selection of the more affordable automobiles to insure in Texas.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,018 |
| Honda Accord EX 4-Dr Sedan | $1,025 |
| Ford Escape XLS 4WD | $1,018 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,100 |
| Toyota Prius | $1,117 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,125 |
| Dodge Grand Caravan CV | $1,143 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,148 |
| Honda Odyssey EX | $1,190 |
| Honda Civic DX 4-Dr Sedan | $1,197 |
| Ford Focus S 4-Dr Sedan | $1,190 |
| Chevrolet Impala LT | $1,207 |
| Toyota RAV4 Sport 4WD | $1,213 |
| Chevrolet Equinox LT 2WD | $1,207 |
| Toyota Tacoma Double Cab 4WD | $1,224 |
| Chevrolet Malibu LT | $1,232 |
| Ford Explorer Limited 4WD | $1,224 |
| Toyota Corolla LE | $1,271 |
| Hyundai Elantra SE 4-Dr Sedan | $1,276 |
| Ford Edge Sport 2WD | $1,271 |
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Prices based on single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in vehicle location which can increase or decrease price quotes substantially.
Looking at the data, makes and models like the Honda CR-V, Honda Accord, Ford Escape, Volkswagen Jetta, and Toyota Prius will be some of the less-costly vehicles to insure for older drivers. The cost of auto insurance will be more costly because there is more claim risk for drivers over age 70, but in general those particular vehicles will tend to have the cheapest rates possible.
For older drivers, one of the more important things that are used to help calculate the amount you pay each year for auto insurance is where you choose to live in Austin. Areas with more people or more claims will most likely pay more, whereas areas with less people or fewer weather incidents tend to receive cheaper rates.
The following table ranks the highest-priced places in Texas for drivers over age 70 to buy an auto insurance policy in. Austin ranks #17 costing $1,627 for the average policyholder, which is around $136 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Dallas | $1,911 |
| 3 | Laredo | $1,907 |
| 4 | Brownsville | $1,870 |
| 5 | Garland | $1,850 |
| 6 | Houston | $1,835 |
| 7 | Mesquite | $1,825 |
| 8 | Amarillo | $1,804 |
| 9 | Irving | $1,789 |
| 10 | Beaumont | $1,772 |
| 11 | Pasadena | $1,740 |
| 12 | Grand Prairie | $1,740 |
| 13 | San Antonio | $1,739 |
| 14 | Arlington | $1,709 |
| 15 | Lubbock | $1,682 |
| 16 | Fort Worth | $1,670 |
| 17 | Austin | $1,627 |
| 18 | El Paso | $1,616 |
| 19 | Carrollton | $1,615 |
| 20 | McKinney | $1,609 |
| Quote Best Rates Go | ||
Information shown are approximated as the specific Austin residence address can influence price quotes considerably.
Shopping around for cost effective auto insurance is difficult, and determining which company offers the best car insurance rates for drivers over age 70 will involve even more rate comparisons. Each insurance company has a unique formula for determining rates in each state, so let’s rank the car insurance companies with the most affordable rates in Austin.
It’s important that you understand Austin car insurance rates are impacted by many things that may substantially change the cost of coverage. This price variation is why it is crucial to compare as many rates as possible to find the most affordable insurance rates for drivers over age 70. Car insurance prices consist of many risk factors and change dramatically, so the most economical company the last time you shopped your coverage around may now be costing you a lot of money.
Best Insurance Companies for Age 70+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,052 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,244 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,506 |
| 9 | Nationwide | $1,553 |
| 10 | Safe Auto | $1,565 |
| 11 | Allstate | $1,701 |
| 12 | Progressive | $1,715 |
| 13 | Amica | $1,775 |
| 14 | GEICO | $2,093 |
| 15 | Home State | $2,155 |
| 16 | Encompass | $2,232 |
| 17 | MetLife | $2,249 |
| 18 | Unitrin | $2,310 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,594 |
| Get Personalized Rates Go | ||
Travelers quotes some of the best car insurance rates in Austin at around $1,052 each year. This is $852 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the lowest-priced Austin, TX insurance companies.
As shown above, if you are a customer of USAA and switched to Travelers, you might realize an annual savings of in the neighborhood of $65. Texas drivers with Texas Farm Bureau may save as much as $183 a year, and Germania Mutual customers might lower prices by up to $192 a year.
To compare your rates to other Texas insurance companies, click here to get a free quote or feel free to get quotes from the companies below.
Bear in mind that those estimates are averages across all insureds and vehicles and do not take into consideration an exact vehicle garaging location for drivers over age 70. So the car insurance company that fits your needs best may not even be in the top 23 companies shown above. That points out the importance of why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
Ratings for Texas car insurance companies
Picking a good quality auto insurance company is hard considering how many choices there are in Texas. The ranking information shown next could help you decide which providers you want to consider when comparing rate quotes.
The ratings below only include companies who write in the majority of U.S. states, so companies that have a smaller presence are not included in this list. To view rates and find cheaper insurance for drivers over age 70, click this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Irresponsible driving raises your rates
A great way to get low car insurance prices in Texas for older drivers is to be a careful driver and avoid accidents and keep your driving record clean. The information below shows how speeding tickets and accident claims can influence car insurance rates for different ages of insureds. The information is based on a married male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
In the chart above, the average cost of an auto insurance policy per year with no accidents or violations is $1,529. Factor in two speeding tickets and the average cost surges to $2,105, an increase of $575 each year. Next add one accident along with the two speeding tickets and the 12-month cost of car insurance for drivers over age 70 goes up to an average of $2,683. That’s an increase of $1,154, or $96 per month, just for being a careless driver!
Rate comparison of full coverage and liability-only
Finding cheaper car insurance is probably important to most people, and one easy way to pay lower rates for insurance for drivers over age 70 is to not buy comprehensive and collision coverage. The illustration below compares insurance premiums with and without physical damage coverage. The rate quotes are based on no violations or accidents, $500 deductibles, marital status is single, and no additional discounts are factored in.
On average, full coverage costs an extra $1,963 per year more than just buying liability only. That is a significant amount which raises the question if paying for full coverage is worth it. There is no set rule of when to stop paying for full coverage, but there is a general convention. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
If you aren’t sure which coverage you need and prefer to have some professional guidance when trying to find lower insurance rates for drivers over age 70, the agencies below can most likely help you determine which car insurance company is the best fit. To locate an Austin auto insurance agent by location nearest to you, click the button following the list or click here to compare price quotes now.
- Ed Weeren Insurance Agency
300 E Highland Mall Blvd #208 – Austin, TX 78752 – (512) 454-5266 - Karen Easterling – State Farm Insurance Agent
2711 W Anderson Ln #201 – Austin, TX 78757 – (512) 454-4784 - Nancy Callahan – State Farm Insurance Agent
3500 Jefferson St #313 – Austin, TX 78731 – (512) 451-7573
View more Austin, TX insurance agencies
How to find low-cost auto insurance for drivers over age 70
The list below shows a few penny-pinching ideas that can help Texas drivers buy cheap car insurance.
- Staying accident-free helps keep rates low
- Avoid filing small claims
- Be a safe driver
- Drive a car with a high safety rating
- Save money by only buying liability coverage for older vehicles
- Insure your home and auto with the same company
- Ensure you have the best deal by shopping around regularly
That last tip is extremely critical, as we discussed in this article. Insurance rates change constantly, so don’t be afraid to change to a new company if a lower-cost policy is available. Being loyal to a particular company is commendable, but it’s not recommended if that inflexibility results in costing you big bucks every year. Now is a great time to compare prices to find cheaper auto insurance for drivers over age 70 in Austin.