Best Cheap Auto Insurance for Seniors in Alabama

For senior citizens, one of the more important things that car insurance companies use when figuring the amount you pay each year for auto insurance is your zip code. Areas with high crime rates or more dense population like Birmingham, Prichard, and Homewood tend to have higher rates, whereas areas with less congestion generally benefit from lower car insurance rates.

The next table rates the higher priced cities in Alabama for seniors to purchase a policy in.

Table data uses approximated as the garaging address in Alabama can decrease or increase price quotes substantially.

The vehicle that needs insurance is probably the biggest factor when trying to find low-cost insurance for seniors. Vehicles with lots of speed or power, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than safer models.

The next list estimates insurance premiums for the cheapest vehicles to insure in Alabama.

Data variables include married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Alabama minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Information does not factor in specific Alabama garaging location which can change price quotes noticeably.

Based upon the table data, we can infer that vehicles like the Honda Accord, Ford Escape, Chevrolet Traverse, Honda CR-V, and Ford F-150 are most likely to be a few of the most economical vehicles to insure for senior citizens.

Determining which insurers offer the best insurance rates for seniors requires a little more sweat than just picking a company at random. Each insurer has their own unique process to set their prices, so we’ll take a look at the insurance companies with the most affordable rates in Alabama.

We do need to point out that Alabama insurance rates are calculated based on many things which can substantially change the policy premium. Getting older, increasing liability limits, or having an at-fault accident may generate price changes resulting in some rates now being cheaper than competitors.

Best Cheap Insurance Rates for Mature Drivers

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Cincinnati Insurance quotes some of the best car insurance rates in Alabama at around $804 per year. Travelers, USAA, GEICO, and Country also rank well as some of the best Alabama insurance companies.

As illustrated above, if you have coverage with GEICO and switched to Travelers, you might achieve a yearly savings of roughly $204. Drivers with Country could save as much as $344 a year, and Safeway customers might reduce rates by $391 a year.

Bear in mind that those premiums are averaged across all drivers and vehicles and and are not figured with a price decrease for seniors. So the car insurance company that can offer you the lowest price may not even be in the list of companies above. That affirms the importance of why you need to compare rates from multiple companies using your own specific driver information and vehicle.

Safe drivers pay cheaper rates

The common sense way to earn good insurance prices for senior citizens is to be a cautious driver and maintain a clean driving record. The information below shows how violations and at-fault fender-benders can impact auto insurance rates for different categories of driver ages. The rate quotes are based on a single female driver, full coverage, $100 deductibles, and no additional discounts are factored in.

The data charted above shows the average cost of car insurance per year with no accidents or violations is $2,451. Get written up for two speeding tickets and the average cost increases to $3,302, an increase of $851 each year. Now include one accident along with the two speeding tickets and the annual cost of insurance for seniors increases to an average of $4,173. That’s an increase of $1,722, or $144 per month, just for not driving carefully!

The chart below illustrates how your deductible choice can impact yearly insurance costs when searching for cheap insurance for seniors. The price estimates are based on a single female driver, comp and collision included, and no additional discounts are factored in.

In the chart above, a 40-year-old driver could reduce rates by $320 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $482 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 category, could roll back prices as much as $814 every year by using higher deductibles when buying full coverage.

If you do decide to increase your deductibles, it is a good idea to have enough spare savings to offset the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Cheap insurance quotes for senior citizens

Drivers have a lot of ways to compare insurance prices in Alabama, but the most frequently used are through an exlusive agent such as Allstate or Liberty Mutual, an independent agent, or direct online or over the phone from a company like Progressive or Geico. Each way has the same basic steps, but they differ slightly in how they price policies.

Independent insurance agents have contracts with multiple insurance companies and can get policy pricing from each one. Agents of this type can provide multiple price quotes, which can give you a better overall rate comparison. If they find a cheaper price, they simply move your policy to a different company and you stay with the same agent.

An exclusive ageny is only able to quote rates from a single insurance company, for example an Auto-Owners or State Farm agent. They are unable to quote prices from more than just one company, so keep that in mind.

Buying insurance direct means you forego local insurance agents and buy from a direct company like Esurance or Progressive. This option is good for families who do not need complex risk management and understand what limits they need.

So comparing independent agents, exclusive agents, and direct, which one works best to find the best cheap auto insurance for seniors in Alabama? Our initial answer would be buying from a direct car insurance company results in the cheapest rates because there are no middleman commissions, but in reality, that argument does not hold true. And we’d like to say buying from an independent agent guarantees the cheapest rates because they can quote many companies, but again, it’s not a sure thing. And sometimes, the exclusive agents have coverage prices well below independent agents AND direct companies.

Because it’s impossible to say who has the best insurance rates, really the only way to get rock-bottom rates is to obtain price quotes and compare them. Put in the effort to get price quotes from all three in order to have the best selection to choose from. For a list of insurance companies with low rates, click here to view.

How to find the best cheap auto insurance for seniors in Alabama

The list below summarizes a few thrifty suggestions that can help Alabama drivers buy lower-cost car insurance.

• Be a cautious driver
• Do not pay for full coverage on older vehicles
• Staying accident-free helps keep rates low
• Vehicles with good safety ratings are usually cheaper to insure
• Try to not file small claims
• Multi-policy discounts save money
• Keep rates low by shopping around frequently

The last tip is certainly significant, as we hit on in the prior information. Insurance prices fluctuate constantly, so don’t be afraid to switch carriers if a lower-cost policy is available. Many consumers stick with the same company and that’s fine, but it’s not a good idea if it’s costing you a lot of money every month. Take a few minutes and compare rates to find cheaper insurance for seniors.