Cheapest Car Insurance for Drivers Over Age 50 in Georgia

Performance level and cost of the vehicle to be insured is one of the largest factors when shopping around for the cheapest car insurance for drivers over age 50 in Georgia. Vehicles with high performance features, poor passenger safety features, or high incidents of liability claims will cost more to insure than more economical and safe models.

The next tables illustrates auto insurance premiums for some of the most affordable automobiles to insure in Georgia.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in zip code location which can impact price quotes noticeably.

Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Price information does not factor in vehicle location which can raise or lower coverage rates noticeably.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Prices do not factor in the specific area where the vehicle is garaged which can lower or raise auto insurance rates significantly.

Shopping around for reasonably-priced insurance is challenging, and finding out which company quotes the lowest-priced insurance rates for drivers over age 50 will require even more work. Policy rates will more than likely be a little bit cheaper than the average rate in Georgia, with the lower cost attributed to the lower risk that comes with selling coverage for older drivers. Cheap coverage should be attainable without looking to hard.
Each insurance company has their own guidelines for setting rates, so let’s rank the most budget-friendly insurance companies in Georgia.

It’s a good idea to know that Georgia insurance rates are influenced by many factors that control the cost of your policy. Simply having a birthday, buying another vehicle, or getting a reckless driving citation can trigger rate changes resulting in some rates now being affordable when they were higher priced.

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Auto-Owners may have some of the most affordable car insurance rates in Georgia at around $855 each year. The Hartford, USAA, Central Mutual, and MetLife would also make the list of some of the cheaper Georgia car insurance companies.

As shown in the table above, if you buy coverage from MetLife and switched to The Hartford, you may see an annual premium reduction of roughly $352. Insureds with Travelers could save as much as $393 a year, and Georgia Farm Bureau customers might lower prices by up to $426 a year.

Remember that these policy prices are averaged across all drivers and vehicles and are not factoring in a price decrease for drivers over age 50. So the company that has the cheapest rates for you may not even be in the list above. That point stresses why you need to compare prices as often as possible using your own driver data and vehicle information.

When buying auto insurance for older drivers, one of the key things that is used by auto insurance companies to determine the amount you pay each year for auto insurance is the neighborhood you call home. Urban areas that are densely populated like East Point, North Atlanta, and Macon tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.

The next table shows the most expensive places in Georgia for drivers over age 50 to purchase a policy in.

Table data uses estimated as the specific area where the vehicle is garaged can decrease or increase price quotes greatly.

The example below illustrates how your choice of deductibles can affect yearly insurance costs when searching for cheap insurance for drivers over age 50. The prices are based on a married male driver, full physical damage coverage, and no other discounts are factored in.

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A 50-year-old driver could cut expenses by $382 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $578 by switching to a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could potentially save as much as $1,278 every year by choosing larger deductibles on their policy. If you do raise deductibles, it’s a good idea to have emergency funds available to offset the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

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

When comparing car insurance for older drivers in Georgia, the companies with the most market share are State Farm, Allstate, Geico, and Progressive. The following table ranks pricing and service ratings, plus some optional coverages that are available from each company.

How to find cheaper auto insurance for drivers over age 50

It is possible to find better rates, and here are some of the recommended thrifty ideas that can help Georgia drivers locate more affordable coverage.

• Better credit rating means better rates
• If possible, pay for small claims out-of-pocket
• Safe vehicles generally have lower rates
• Buying your home and auto policies from the same company can earn a discount
• Raise deductibles
• Don’t waste money on full coverage for older vehicles
• Shop around and save

The last suggestion is remarkably significant, as we stressed in the prior article. Prices charged by companies fluctuate considerably, so don’t hesitate to change insurance companies if you can find a cheaper rate. Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that dedication is costing several hundred dollars every year. Spend a few minutes and compare rates to find cheaper car insurance for drivers over age 50.