Best Cheap Car Insurance for Drivers Over Age 70 in Kansas

The words “cheap” and “insurance” probably shouldn’t be used in the same sentence, specifically when comparison shopping for the best price on coverage for drivers over age 70. Let’s introduce you to some of the things that significantly impact insurance rates, and see how we can help you cut the cost of your next policy.

The car, truck, or SUV you are trying to insure is a significant factor when trying to find the best cheap car insurance for drivers over age 70 in Kansas. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.

The next table illustrates coverage rates for the more afforable vehicles to buy insurance for.

Data rating is based on married female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kansas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Rates do not factor in Kansas location which can affect prices greatly.

By looking at the data, you can figure that cars like the Honda CR-V, Ford Escape, and Chevrolet Traverse are going to be the most affordable vehicles to insure for older drivers. Car insurance rates will be more expensive because of the fact that there is more liability risk for drivers over age 70, but in general those makes and models will tend to have the least expensive rates compared to all other vehicles.

Establishing which company quotes the lowest-priced insurance rates for drivers over age 70 may require a little more work than just picking a company at random.

Every car insurance company uses different criteria for establishing rates, so to begin we’ll rank the insurance companies with the overall best prices in Kansas. It’s important to know that Kansas insurance rates are based on many factors which can substantially decrease or increase the price you pay. Improving your credit rating, adding a teenager to your policy, or getting a speeding ticket may cause policy rate changes that can now make some companies cheaper than others.

Cheap Insurance Rates for Age 70+

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USAA normally has some of the best car insurance rates in Kansas at around $750 a year. The Hartford, Allied, Travelers, and Auto-Owners also are some of the best Kansas insurance companies.

In this example, if you are a policyholder with Travelers and switched to USAA, you could see an annual savings of in the neighborhood of $323. Drivers with Auto-Owners may save as much as $345 a year, and Farmers insureds might lower prices by $390 a year.

Remember that these policy prices are averages across all ages of drivers and types of vehicles and and are not calculated with a rate surcharge for drivers over age 70. So the car insurance company that is best suited for you may not even be in the above list. That affirms the importance of why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.

For Kansas drivers, one of the components that control the annual cost of car insurance is where your residence is in Kansas. Areas that are more densely populated or have higher claim rates like Garden City, Dodge City, and Great Bend will most likely have higher rates, whereas areas that are not as densely populated get the luxury of paying less.

The information below sorts the higher priced cities in Kansas for drivers over age 70 in which to purchase auto insurance.

Premium amounts are approximated as specific location information can modify rates significantly.

Rate difference between full and liability-only coverage

Finding the best cheap car insurance for drivers over age 70 in Kansas is probably important to most vehicle owners, and one of the fastest ways to lower the cost of insurance is to only pay for liability coverage. The example below illustrates the comparison of insurance prices with and without physical damage coverage. The data assumes no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are factored in.

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If averaged for all ages, physical damage insurance costs an extra $1,646 per year over having just liability coverage. Lot’s of drivers question when is the right time to remove full coverage. There is no definitive rule of when to stop paying for physical damage coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

For example, let’s assume your vehicle’s book value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $10,000 after paying your policy deductible. If you are currently paying more than $1,000 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are a few situations where dropping full coverage is not a good idea. If you still owe money on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

The example below illustrates how choosing a deductible can impact insurance premiums when quoting cheap insurance for drivers over age 70. The prices are based on a married male driver, full coverage, and no discounts are applied to the premium.

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As shown above, a 50-year-old driver could lower their policy premium by $278 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $420 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old, could roll back prices $930 annually by using higher deductibles when buying full coverage. When choosing a higher deductible, it’s a good idea to have enough savings set aside to be able to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Allstate, State Farm, Progressive, or Geico: Which is best?

If you are shopping around for auto insurance for older drivers, four companies to take a look at are Allstate, State Farm, Progressive, and Geico. If you combine them together, they insure about 50% of all auto insurance written. They all offer your standard coverages, but each one has a distinct set of features and optional coverages that buyers can choose from. The data below shows some of the ratings and options you can buy with each company.