The words “economical” and “insurance” probably shouldn’t be used together, specifically when you are trying to find the best insurance rates for seniors. Let’s start off by going over some situations that impact car insurance rates, and find out if you can take a little off the next policy you buy.
Determining which companies have the best car insurance rates for seniors requires more work in order to find coverage that fits your budget. Every car insurance company uses a slightly different approach for establishing rates, so we’ll take a look at the overall cheapest car insurance companies in Mesa, AZ.
It’s important that readers know that Arizona car insurance rates are calculated based on many things that control the policy price. Simply having another birthday, having a claim, or getting a reckless driving citation may cause policy rate changes that may make certain companies more affordable than before.
Best Car Insurance Prices for Mature Drivers
The Hartford generally has some of the lowest car insurance rates in Mesa at around $811 per year. This is $617 less than the average premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA also are some of the most economical Mesa, AZ auto insurance companies.
In the above rates, if you are insured with Travelers and switched to Auto-Owners, you might see annual savings of in the vicinity of $222. Insureds with USAA might save as much as $227 a year, and Progressive policyholders might cut rates by $233 a year.
These prices are averages across all types of insureds and vehicles and do not factor in an exact zip code location for seniors. So the insurer that can offer you the lowest price may not even be in the top 28 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own individual information.
The type of vehicle that is being insured is probably the biggest factor that determines whether or not you can buy the best cheap insurance for seniors. Vehicles with lower performance, a plethora of safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models.
The data below illustrates insurance rates for a handful of the more affordable vehicles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,103|
|Ford Escape XLT 2WD||$1,111|
|Honda CR-V LX 2WD||$1,103|
|Dodge Grand Caravan CV||$1,232|
|Ford F-150 XLT Super Cab 4WD||$1,258|
|Ford Edge SEL 2WD||$1,279|
|Ford Focus SE 4-Dr Sedan||$1,285|
|Chevrolet Impala LS||$1,279|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,289|
|Chevrolet Malibu Hybrid||$1,302|
|Chevrolet Equinox LT AWD||$1,312|
|Jeep Grand Cherokee Laredo 4WD||$1,302|
|Compare Rates Now Go|
Above prices assume married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in Mesa, AZ location which can impact coverage rates noticeably.
Looking at the numbers, you can figure that vehicles like the Hyundai Elantra, Ford Escape, Honda CR-V, Toyota Prius, and Dodge Grand Caravan are most likely going to be the less-costly vehicles to insure for senior citizens.
Discounts on Mesa car insurance
Insurers that offer coverage for seniors may also give you policy discounts that can lower rates by 30% or more if you qualify for them. Large car insurance companies and a selection of discounts can be found below.
- State Farm has discounts for good driver, anti-theft, driver’s education, passive restraint, Drive Safe & Save, Steer Clear safe driver discount, and multiple policy.
- Nationwide may offer discounts for accident-free, family plan, good student, business or organization, easy pay, anti-theft, and multi-policy.
- GEICO may have discounts that include daytime running lights, membership and employees, anti-theft, multi-policy, seat belt use, air bags, and good student.
- AAA offers premium reductions for anti-theft, multi-policy, multi-car, good driver, education and occupation, and good student.
- 21st Century offers discounts including good student, automatic seat belts, homeowners, early bird, anti-lock brakes, and theft prevention.
- The Hartford offers discounts for good student, bundle, vehicle fuel type, driver training, defensive driver, and air bag.
The diagram below visualizes the comparison of insurance costs with and without discounts applied to the premium. The premiums assume a male driver, a clean driving record, 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 anti-theft, multiple policy, claim-free, homeowner, marriage, and defensive driving course discounts applied. When these discounts are applied to the policy premium, theamount saved on car insurance for seniors is 30% or $508.
The diagram below shows how different deductible levels can increase or decrease yearly insurance costs when quoting cheap insurance for seniors. The information is based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
As shown above, a 30-year-old driver could save $278 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $418 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 category, could lower their rates up to $808 every year by selecting a higher deductible.
If you do make the decision to raise your deductibles, it will be required to have additional funds in a savings account to allow you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Don’t make the mistake of not shopping around
Mesa, AZ car insurance rates are calculated based on many things which can significantly increase or decrease the price of your policy. Improving your credit rating, having a claim, or getting a speeding ticket can cause premium changes that may make certain companies affordable when they were higher priced.
Not only may your risk profile change, but car insurance companies change their prices without warning in order to maintain liquidity for claims. Higher than usual claims can cause more expensive premiums, while lower claim expenses may result in cheaper Mesa car insurance rates.
The chart below shows the cheapest car insurance in Mesa, AZ for a 35-year-old female driver with a good driving record, no prior claims, and a decent credit rating. When comparing rates based on her current situation, The Hartford might quote the most affordable car insurance rates in Mesa at $1,093 each year. This is $335 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, USAA, and Travelers are the remainder of the most affordable Mesa, AZ auto insurance companies.
In this example, we will give the driver from the first set of rates a claim, a lower credit rating, and a few traffic violations. Due to the fact that each insurance company has their own unique process to set their prices, analyzing rate quotes will most likely result in a new list of cheap Mesa auto insurance companies as shown below.
Progressive now has the cheapest insurance rate in Mesa, AZ with Ameriprise Group, Auto-Owners, CSAA, and Allied also being competitive. This illustrates why Mesa drivers need to compare as many rates as possible to find the best car insurance quotes for seniors.
Prices are made up of many factors and change frequently, so the most affordable company the last time you compared rates may now be quite expensive.