Who Has Cheap Car Insurance Quotes for Drivers Over Age 60 in New York?

The words “bargain” and “insurance” really don’t belong together, specifically when you are trying to find the lowest insurance prices for drivers over age 60. Because it’s so expensive, let’s start off by going over some of the factors that determine insurance prices, and see how we can help you take the bite out of your next policy.

The type of vehicle driven is probably the biggest factor when trying to find the most economical coverage for drivers over age 60. Vehicles with more horsepower, a lack of advanced safety features, or an increased likelihood of liability claims will cost much more to insure than more modest models. The data below outlines insurance costs for some of the most affordable automobiles to buy coverage for.

Above prices assume single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can revise auto insurance rates substantially.

Based upon the rates shown, you can infer that vehicles like the Honda Accord, Honda CR-V, Ford Escape, and Chevrolet Traverse will be some of the most economical vehicles to insure for older drivers.

Establishing which insurers offer the cheapest insurance rates for drivers over age 60 requires a little more work in order to find the lowest price. Every insurance company has a unique formula to set policy rates, so to begin we’ll rank the overall cheapest insurance companies in New York.

Keep in mind that New York insurance rates are influenced by many factors which can significantly increase or decrease the price you have to pay. Simply having a birthday, adding a teenager to your policy, or having a fender bender can produce rate changes that can make some companies more affordable than the competition.

Find the Cheapest Auto Insurance for Age 60+

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USAA generally has some of the cheapest car insurance rates in New York at around $1,163 a year. Erie, Utica National, Allstate, and Progressive would also make the list of some of the more affordable New York car insurance companies.

In the rate table above, if you currently have a policy with Progressive and switched to Erie, you could earn a yearly savings of in the vicinity of $324. New York drivers with Travelers could save as much as $341 a year, and MetLife policyholders might reduce rates by $354 a year.

Remember that these rates are averaged across all ages of drivers and types of vehicles and are not factoring in a price decrease for drivers over age 60. So the auto insurance company that has the cheapest price for you may not even be featured in the above rate chart. That’s why you need to quote rates from many companies using your own individual information.

For older drivers, one of the big considerations that helps auto insurance companies calculate car insurance rates is the neighborhood you call home in New York. More populated areas like New York, Hempstead, and Mount Vernon tend to have higher rates, whereas areas that are not as densely populated benefit from lower prices.

The next table lists the most expensive places in New York for drivers over age 60 in which to purchase auto insurance.

Premium amounts are estimated as the specific geographic location can alter prices significantly.

The information below highlights how deductible selection can change annual premium costs when searching for cheap insurance for drivers over age 60. Data assumes a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

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As shown above, a 30-year-old driver could lower rates by $204 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $310 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, could shave as much as $616 or even more by selecting a higher deductible. If you do raise deductibles, it will be required to have emergency funds available to be able to pay the extra out-of-pocket expense, which deters some people from using high deductibles.

Cheapest car insurance: Allstate, Progressive, State Farm, or Geico

When comparing auto insurance for older drivers, the top insurers to get price quotes from are Allstate, Progressive, State Farm, and Geico. The data below illustrates some of the different options and features you can buy with each company.

Who has the cheapest insurance quotes for older drivers?

There are many different ways to find affordable insurance in New York, but the most popular are through an exlusive agent like Liberty Mutual or Allstate, an independent agent, or direct from companies such as Geico or Progressive.

They all have the same end result, but it’s good to know the differences in how they function.

Independent insurance agents work for many companies and can get policy pricing from every one. These agents are able to get prices from more than one company, which may provide you with a better overall rate comparison. If cheaper coverage is found, your policy can be easily switched to a new company and you don’t have to switch agencies.

An exclusive ageny is ‘exlusive’ to a single insurance company, a couple examples are a State Farm or Liberty Mutual agent. These agents normally cannot provide prices from multiple companies, so they have to upsell other benefits.

Insurance from a direct company means you bypass a local insurance agent and instead buy from a direct company like Esurance. Shopping for insurance direct can be good for consumers who do not need advice for asset protection and have an above average understanding of what is covered and what is not.

Which way works best for finding cheap auto insurance for drivers over age 60 in New York? Most drivers assume that buying from a direct company yields the cheapest rates since it doesn’t require paying agent commissions, but unfortunately, that is not always true. We could also say that buying from an independent agent can save the most money since they have more companies to choose from, but that is not necessarily true either. And sometimes, exclusive agents may have prices that independents and direct companies can’t touch.

Since insurance rates vary so much, the guaranteed way to buy the cheapest coverage is to get quotes and compare the rates. The ideal approach is to get price quotes all three ways to get a good idea who is cheapest. To see some of the cheapest online companies available, click here to view.

How to find economical insurance for drivers over age 60

It is possible to find better rates, and here are some of the better money-saving suggestions that can help drivers buy lower-cost auto insurance.

• Maintain a clean driving record
• Try paying for small claims out-of-pocket
• Accident-free drivers may qualify for discounts
• Save money by only buying liability coverage for older vehicles
• Raise deductibles to save money
• Comparison shop at least once a year

That last tip is very significant, as was noted in this write-up. Prices can change in a short period of time, so don’t be hesitant to buy a policy from a new company if a lower-cost policy is available. Having brand loyalty is commendable, but it’s not recommended if that faithfulness ends up costing you a small fortune. In less than five minutes you could compare prices to find cheaper auto insurance for drivers over age 60.