Best Cheap Car Insurance Quotes for Drivers Over Age 60 in Michigan

The words “affordable” and “auto insurance” really shouldn’t be used together, in particular when trying to find the best insurance rates for drivers over age 60. Because it’s not cheap, let’s get started by showing you some of the factors that can significantly affect car insurance rates, and come up with some ways to slash the price of the next policy you buy.

Establishing which companies quote the cheapest insurance rates for drivers over age 60 calls for a little more effort than just picking a company at random. Each auto insurance company has their own formula to set policy rates, so we need to take a look at the insurance companies with the overall cheapest rates in Michigan.

Find Cheaper Car Insurance for Age 60+

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USAA normally has some of the cheapest car insurance rates in Michigan at around $978 each year. GEICO, Safeco, MetLife, and MEEMIC are also some of the lowest-priced Michigan insurance companies.

As the rates illustrate above, if you are a policyholder with Safeco and switched to USAA, you may see yearly savings of in the neighborhood of $59. Michigan drivers with MetLife could save as much as $372 a year, and MEEMIC customers might reduce prices by as much as $430 a year.

To find out how much you can save, click here to start a quote or visit several of the following companies.

Remember that these estimates are averages across all drivers and vehicles and are not factoring in a price decrease for drivers over age 60. So the auto insurance company that fits you best may not even be included in the list of companies shown earlier. That illustrates why you need to compare prices as often as possible using your own personal information and vehicle type.

One of the key considerations that influence insurance cost is where you choose to live in Michigan. Larger areas like Detroit, Southfield, and Warren tend to have more expensive auto insurance rates, whereas areas that are not as densely populated get the luxury of paying less.

The table below shows the most expensive areas in Michigan for drivers over age 60 to buy auto insurance in.

Rate information is approximated as specific location information can modify auto insurance rates greatly.

The safety and performance level of the vehicle to be insured is one of the biggest factors when shopping for the best insurance for drivers over age 60. Vehicles with lower performance, excellent safety ratings, or a positive history of liability claims will cost less to insure than high performance models.

The lists below ranks auto insurance prices for a number of the cheaper automobiles to insure.

Above prices assume married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate quotes do not factor in specific location information which can affect coverage rates greatly.

Data variables include married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium costs do not factor in specific garaging location which can increase or decrease price quotes substantially.

Prices based on married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in garaging location in Michigan which can influence insurance rates considerably.

Discount Michigan auto insurance

Car insurance companies that sell the best cheap car insurance for drivers over age 60 in Michigan may also offer discounts that can reduce rates by as much as 35% if you qualify for them. A list of insurance companies and a partial list of their discounts can be read below.

• Progressive discounts include multi-vehicle, online signing, good student, homeowner, multi-policy, and online quote discount.
• SAFECO may include discounts for teen safe driver, multi-car, safe driver, homeowner, and accident prevention training.
• American Family offers premium reductions for TimeAway discount, air bags, multi-vehicle, good driver, defensive driver, Steer into Savings, and mySafetyValet.
• MetLife may offer discounts for claim-free, accident-free, multi-policy, defensive driver, good student, and good driver.
• GEICO has discounts for membership and employees, daytime running lights, multi-policy, emergency military deployment, multi-vehicle, federal employee, and seat belt use.
• The Hartford offers discounts including driver training, anti-theft, vehicle fuel type, defensive driver, and bundle.

The illustration below illustrates the comparison of car insurance costs with and without some available policy discounts. The information is based on a male driver, no claims, a clean driving record, Michigan state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with marriage, multiple vehicle, multiple policy, safe-driver, vehicle safety, and defensive driving course discounts applied. In this example, the the average yearly reduction on insurance for drivers over age 60 is 30% or $1,447.

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Geico, Allstate, Progressive, and State Farm: Who is cheapest?

If you want the best car insurance for older drivers in Michigan, four of the larger companies to compare rates for are Geico, Allstate, Progressive, and State Farm. If you put them all together, they insure over 48% of all auto insurance written. All offer liability and physical damage insurance, but each one has different features and discounts that may steer you one way or another. The table below breaks down pricing and service ratings, plus some optional coverages offered by each one.

How to find cheaper auto insurance for drivers over age 60

It is possible to find better rates, and here are some money-saving ideas that can help Michigan drivers buy low-cost auto insurance.

• Do not pay for full coverage on older vehicles
• At-fault accidents can raise rates significantly
• Ensure your driving record is clean
• Frequent claims will increase rates
• Raise your deductibles
• Compare rate quotes often

That last tip is certainly necessary, as was affirmed in this write-up. Prices charged by companies adjust often, so drivers shouldn’t be reluctant to switch carriers if a lower-cost policy is available. Staying with the same company for years is fine, but it’s not a good idea if that loyalty results in overpaying several hundred dollars every year. In less than five minutes you could compare rates to find cheaper auto insurance for drivers over age 60.

Who has the cheapest insurance quotes for older drivers?

You have a lot of ways to find lower-cost insurance in Michigan, but the most preferred ways are from an independent insurance agent, an exlusive agent such as Liberty Mutual or State Farm, or direct either online or via phone.

Each way has the same basic steps, but shoppers should understand the differences in how they work.

Independent agencies can place your business with multiple companies and can compare coverage rates with all of them. These types of agencies are able to get prices from more than one company, which may provide you with a better comparison. If your premiums go up, your policy is moved internally which prevents you from having to find an new insurance agent.

Exclusive agencies are restricted to quoting rates for a single insurance company, two examples are Allstate or Farmers Insurance agents. These guys and gals cannot give you multiple price quotes, so you will not be able to compare other companys’ rates.

If you choose to buy insurance direct, you bypass an independent or exclusive agent and buy direct from companies such as Esurance or Progressive. Buying direct can be a good choice for people who have fewer assets and have a decent understanding of what limits they need.

Which way is best for finding the best cheap car insurance for drivers over age 60 in Michigan? One answer would be buying from a direct company results in the best prices because there isn’t an agent involved, but that generally is not the case. It would also be easy to say an independent agency results in the cheapest rates due to more options, but that assumption is also not necessarily accurate. And often times, the exclusive agents have price quotes that are the cheapest in Michigan.

Because there is so much variation in insurance prices, the best method to make sure you’re not overpaying for insurance is to do a thorough rate comparison. The best approach is to get price quotes from independent, exclusive, and direct in order to have enough rates to compare. We compiled a list of companies with some of the cheapest online rates that you can click here to view.