Who Has Cheap Car Insurance for Drivers Over Age 60 in Alabama?

Since we’re writing about car insurance, the words cheap or affordable shouldn’t be used anywhere in the article as a descriptor for auto insurance rates. Sad but true, cheap car insurance for drivers over age 60 may be a thing of the past. But don’t let us ruin your dream, because we are going to tell you how you can still get coverage that doesn’t cost an arm and a leg.

For older drivers, one of the largest criteria used to determine a rate quote is where you keep your vehicle. Areas with high crime rates or more dense population like Birmingham, Prichard, and Hoover tend to pay higher rates, whereas areas with less people or fewer weather incidents receive better rates.

The next table rates the highest-priced places in Alabama for drivers over age 60 in which to buy car insurance.

Rate quotes are approximated as specific location information can increase or decrease premiums noticeably.

Comparing quotes for affordable car insurance is challenging, and figuring out which company quotes the lowest-priced insurance rates for drivers over age 60 requires even more diligence. Premiums will probably be somewhat less expensive than the average policy in Alabama because of the lower risk that goes along with offering coverage for older drivers. Reasonable coverage should be easy to buy from many preferred companies.

Every car insurance company has a proprietary method to determine premium rates, so let’s begin by taking a look at the overall cheapest insurance companies in Alabama. It’s important that readers know that Alabama insurance rates are calculated based on many things which can substantially change the price you have to pay. Price variation is why consumers need to take the time to shop around with many companies when trying to get the cheapest car insurance rates for drivers over age 60. Prices are determined by many risk factors and can change substantially, so the most economical company the last time you shopped around may now be costing you a lot of money.

Cheapest Insurance Rates for Age 60+

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Travelers may offer some of the most affordable car insurance rates in Alabama at around $783 each year. Cincinnati Insurance, USAA, GEICO, and Safeway also make the cut as some of the cheaper Alabama auto insurance companies.

As the example above demonstrates, if you are currently insured with Cincinnati Insurance and switched to Travelers, you could earn a yearly savings of approxmiately $21. Policyholders with USAA might save as much as $121 a year, and GEICO policyholders might cut rates by $247 a year.

It’s important to note that these rates are averaged across all insureds and vehicles and do not take into consideration a price discount for drivers over age 60. So the company that is best suited for you may not even be included in the list above. That points out the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.

How to get discounts on Alabama insurance rates

Insurers that offer cheap auto insurance for drivers over age 60 in Alabama may also provide discounts that may potentially lower prices by as much as 30% if you are eligible to receive them. Larger insurance companies and a summarized list of policyholder discounts include:

• State Farm may include discounts for good driver, accident-free, multiple autos, good student, and student away at school.
• Farmers Insurance policyholders can earn discounts including switch companies, distant student, electronic funds transfer, homeowner, pay in full, and business and professional.
• GEICO may have discounts that include federal employee, anti-theft, daytime running lights, multi-policy, multi-vehicle, driver training, and air bags.
• American Family has savings for air bags, early bird, Steer into Savings, good student, and mySafetyValet.
• Nationwide offers premium reductions for defensive driving, business or organization, multi-policy, good student, anti-theft, and accident-free.
• Progressive discounts include continuous coverage, online quote discount, multi-vehicle, multi-policy, and good student.

The diagram below shows the comparison of insurance rates with and without some available policy discounts. The data is based on a male driver, a clean driving record, no at-fault accidents, Alabama state minimum liability limits, full coverage, and $1,000 deductibles.

The first bar for each age group shows insurance cost with no discounts. The second shows the rates with accident-free, homeowner, passive restraint, vehicle safety, anti-theft, and defensive driving course discounts applied. When these discounts are applied, the average savings per year on insurance for drivers over age 60 is 30% or $425.

Careless Alabama drivers pay higher rates

The common sense way to earn the most affordable insurance premiums in Alabama for older drivers is to drive carefully and avoid accidents and traffic citations. The example below highlights how speeding tickets and accident claims raise car insurance rates for different insured age categories. The premium estimates are based on a married female driver, full coverage, $250 deductibles, and no additional discounts are factored in.

In the previous example, the average cost of a car insurance policy in Alabama per year with no violations or accidents is $1,368. Get written up for one speeding ticket and the average cost jumps to $1,592, an increase of $224 each year. Now include two accidents along with the one speeding ticket and the 12-month cost of insurance for drivers over age 60 goes up to an average of $3,526. That’s an increase of $2,158, or $180 per month, just for not driving carefully!