Cheapest Auto Insurance for Drivers Over Age 60 in Arkansas

When buying auto insurance for older drivers, one of the key factors used to determine insurance cost is where your car is garaged in Arkansas. Areas with increased crime or more people like Little Rock, El Dorado, and West Memphis tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims generally have lower rates.

The table below displays the most expensive areas in Arkansas for drivers over age 60 to buy car insurance in.

Premium costs are approximated as zip code location can increase or decrease premiums greatly.

Cost and performance of the vehicle on the policy is a significant factor that determines whether or not you find the most affordable insurance for drivers over age 60. Vehicles with average performance, advanced safety features, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models.

The data below outlines coverage prices for a selection of the cheapest automobiles to insure in Arkansas.

Table data represents single female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium costs do not factor in garaging location in Arkansas which can increase or decrease insurance rates noticeably.

Price data assumes single female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rate information does not factor in specific garaging location which can influence premium rates noticeably.

Data rating is based on single female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Arkansas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Information does not factor in vehicle garaging location which can increase or decrease coverage prices significantly.

The illustration below highlights how deductible selection can increase or decrease premium costs when trying to find cheap insurance for drivers over age 60. The rate quotes are based on a single male driver, full physical damage coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4505,4099,3661,3247],[‘Age 30’, 2289,2105,1891,1687],[‘Age 40’, 2287,2085,1861,1649],[‘Age 50’, 2079,1903,1703,1513],[‘Age 60’, 2009,1839,1647,1465],[‘Age 70’, 2451,2253,2037,1835]]);var options = {title: ‘Effect of Deductibles on Auto Insurance Rates in Arkansas’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 50-year-old driver could lower rates by $376 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $566 by changing to a $1,000 deductible. Young drivers, like the 20-year-old category, could reduce their rates as much as $1,258 every year just by using higher deductibles.

If you do decide to increase your deductibles, it is essential to have plenty of money set aside to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Discounts on the cheapest car insurance for drivers over age 60 in Arkansas

Insurance providers that offer coverage for drivers over age 60 could also offer discounts that could lower prices by as much as 35% or more if you qualify for them. A few of the larger companies and a partial list of their discounts are:

• 21st Century may include discounts for homeowners, theft prevention, good student, early bird, air bags, student driver, and automatic seat belts.
• State Farm may have discounts that include good student, safe vehicle, Steer Clear safe driver discount, passive restraint, good driver, anti-theft, and student away at school.
• AAA discounts include pay-in-full, good student, education and occupation, multi-policy, anti-theft, and good driver.
• Liberty Mutual includes discounts for new vehicle discount, multi-policy, new move discount, newly married, and multi-car.
• Progressive offers discounts for online signing, online quote discount, multi-vehicle, good student, homeowner, and continuous coverage.

The example below visualizes the comparison of insurance premiums with and without discounts applied to the premium. The rate quotes are based on a male driver, no tickets, no at-fault accidents, Arkansas state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with defensive driving course, marriage, vehicle safety, passive restraint, multiple policy, and anti-theft discounts applied. When discounts are factored in, the average amount saved each year on insurance for drivers over age 60 is 30% or $641.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 3661,1193],[‘Age 30’, 1891,2625],[‘Age 40’, 1861,1369],[‘Age 50’, 1703,1345],[‘Age 60’, 1647,1231],[‘Age 70’, 2037,1193]]);var options = {title: ‘Insurance Rate Comparison for Drivers Over Age 60’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Arkansas’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

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

When comparing rates for car insurance for older drivers in Arkansas, four companies to take a look at are Allstate, Geico, Progressive, and State Farm. Each company has different features and discounts that you can choose from. The following table points out some of the different options and features you can buy with each company.