Cheap Car Insurance Quotes for Drivers Over Age 50 in Kansas

I’m sure you’ve seen the catchy advertisements from auto insurance companies like GEICO and Progressive guaranteeing the cheapest rates. So drivers should just choose any of them, right?

It’s not that simple, unfortunately, as there are a ton of unknown aspects such as how safe your vehicle is, where you choose to live in Kansas, and whether or not you are married, that all help calculate your car insurance rates. The content below covers the best ways to save money and should give you a solid foundation to find cheaper car insurance.

Establishing which company has the cheapest auto insurance rates for drivers over age 50 takes more time in order to find the lowest price quote. Every insurance provider has their own unique process for setting rates, so we need to take a look at the auto insurance companies with the overall best prices in Kansas.

It’s important to understand that Kansas auto insurance rates are influenced by many factors that can increase the price you pay for coverage. Improving your credit rating, having a teen driver, or having a fender bender can cause premium changes that can now make some companies cheaper than before.

Best Cheap Insurance Rates for Age 50+

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USAA may have some of the cheapest car insurance rates in Kansas at around $773 a year. The Hartford, Auto-Owners, Allied, and Travelers would also be considered some of the best Kansas insurance companies.

In the rate table above, if you currently have coverage with Travelers and switched to The Hartford, you may realize an annual premium reduction of roughly $275. Drivers with Farmers could save as much as $344 a year, and Farm Bureau Mutual customers might realize rate reductions of up to $344 a year.

Be aware that those rates are averaged across all drivers and vehicles in Kansas and are not factoring in a price discount for drivers over age 50. So the company that can offer you the lowest price may not even be shown in the above rate chart. That emphasizes why you need to quote rates from as many companies as possible using your own individual information.

The vehicle you are trying to insure is probably the most important factor in finding the most affordable insurance for drivers over age 50. Vehicles with limited speed and performance, good safety features, or a track record of few liability claims will cost quite a bit less to insure than higher performance models. The next list features car insurance premiums for some of the most affordable automobiles to insure in Kansas.

Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kansas minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Premium costs do not factor in specific location which can decrease or increase premium rates greatly.

Looking at the rates, cars like the Honda Accord, Ford Escape, and Honda CR-V are going to be some of the more affordable vehicles to insure for older drivers.

The chart below shows how choosing a deductible can influence insurance costs when quoting cheap insurance for drivers over age 50. The premiums assume a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

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The data above shows that a 40-year-old driver could lower rates by $330 a year by switching from a $100 deductible to a $500 deductible, or save $496 by using a $1,000 deductible. Youthful drivers, like the 20-year-old example, have the ability to save $1,086 every year just by choosing higher deductibles when buying full coverage. When raising deductibles, it is essential to have additional funds in a savings account to be able to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Rate difference between full and liability-only coverage

Finding cheap car insurance for drivers over age 50 in Kansas is important to most people, and one easy way to save on the cost of insurance is to buy liability only. The information below shows the difference between premium costs with full phyical damage coverage and with liability coverage only. The premiums assume no accidents, no driving violations, $1,000 deductibles, single marital status, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 2773,1151],[‘Age 30’, 1455,633],[‘Age 40’, 1419,587],[‘Age 50’, 1299,549],[‘Age 60’, 1261,541],[‘Age 70’, 1569,721]]);var options = {title: ‘Full Coverage Compared to Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Kansas’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an average for all age groups, full coverage costs $1,629 per year more than insuring for liability only. Many people question if you should buy full coverage. There is no exact rule that is best for determining when to drop full coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s assume your vehicle’s claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after paying your deductible. If you are paying over $500 annually for full coverage, then it might be time to buy liability only.

There are a few cases where removing full coverage is not recommended. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not remove full coverage.

Cheapest insurance quotes for older drivers

You have a lot of ways to find affordable auto insurance in Kansas, but the three most common are through a captive (or exclusive) agency such as Allstate or State Farm, a non-exclusive or independent agent, or from a direct company like Geico.

They all have the same basic principle, but auto insurance shoppers should know the differences in how they work.

Independent insurance agencies write business for many companies and can provide price quotes from all of them. These types of agencies do not work for one specific company and can quote rates with many companies, which may provide you with the best chance of saving money. If your agent finds a cheaper company, they can switch companies in-house which makes it easier to save money.

An agent who is captive is only able to quote your policy with a single insurance company, examples being State Farm and Auto-Owners agents. They generally cannot quote prices from more than a single company, so you will not be able to compare their rates to other companies.

Drivers who opt to buy auto insurance direct do not use either of the other two types of agents and instead shop buying direct from a company like Progressive or Esurance. Shopping for auto insurance direct is good for people who do not have a complex risk profile and know what specific coverages and deductibles they need.

When shopping for auto insurance, which way works best to buy cheap car insurance for drivers over age 50 in Kansas? The obvious answer would be shopping direct results in the best prices because there is no agent taking a commission, but in reality, that is not true. We could also say that buying from an independent agent is the best way to save due to increased selection, but again, that’s not a true statement. For the right applicant, the exclusive agents have price quotes well below independent agents AND direct companies.

Because there are so many factors that make up auto insurance rates, the only true way to ensure you are not overpaying is to compare, compare, and compare some more. Be sure to get rate quotes from all three to have the best selection of rates to choose from. For a list of auto insurance companies with low rates, click here to view.