Who Has Cheap Car Insurance Quotes for Drivers Over Age 60 in Wisconsin?

The words “economical” and “insurance” probably shouldn’t be used in the same sentence, specifically when shopping around for the best coverage prices for drivers over age 60. Let’s start the ball rolling by going over a few of the things that help determine car insurance premiums, and see if we can help you take a little off the next policy you buy.

One of the many components that auto insurance companies take into consideration when calculating the price you pay for insurance is where you keep your vehicle in Wisconsin. Areas that are more densely populated or have higher claim rates like Milwaukee, West Allis, and Racine are more likely to have higher rates, whereas areas that are not as densely populated have the enjoyment of a little cheaper coverage.

The illustration below rates the most expensive areas in Wisconsin for drivers over age 60 to purchase a policy in.

Prices are approximated as specific location information can increase or decrease price quotes substantially.

Finding good, cost effective car insurance is not the easiest thing to do, and determining which company has the cheapest auto insurance rates for drivers over age 60 involves even more work. Policy rates will most likely be somewhat cheaper than the average policy in Wisconsin, with the lower price attributed to the lower likelihood of claims related to offering insurance for older drivers. Reasonably-priced coverage should be easy to find from many insurance companies.
Every insurance provider uses their own calculation for setting rates, so first we will examine the most budget-friendly auto insurance companies in Wisconsin.

It’s important that you understand Wisconsin auto insurance rates are impacted by many factors that will increase or decrease the policy price. Events like a birthday, buying a home, or getting a driving violation may cause policy rate changes resulting in some rates now being higher-priced than before.

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USAA may offer some of the most affordable car insurance rates in Wisconsin at around $598 each year. Partners Mutual, Erie, Rockford Mutual, and Rural Mutual Insurance also are some of the best Wisconsin auto insurance companies.

As illustrated above, if you buy coverage from Erie and switched to USAA, you could earn savings of approxmiately $126. Policyholders with Rockford Mutual could save as much as $148 a year, and Rural Mutual Insurance policyholders might see rate reductions of $158 a year.

Remember that these estimates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a rate decrease for drivers over age 60. So the company that fits your age and vehicle best may not even be in the above list. That’s why you need to get rate quotes from many companies using your own specific driver and vehicle information.

The type of vehicle you are seeking coverage for is one of the largest factors that determines the availablility of cheap auto insurance for drivers over age 60 in Wisconsin. Vehicles with lower acceleration and performance, good crash test ratings, or a positive history of liability claims will cost much less to insure than adrenaline junky models.

The data below ranks coverage premiums for the most budget-friendly vehicles to insure.

Cost estimates assume married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price estimates do not factor in specific Wisconsin garaging location which can alter coverage rates significantly.

Looking at the data, you can figure that makes and models like the Honda CR-V, Jeep Wrangler, Honda Odyssey, and Ford Escape are going to be a few of the cheapest vehicles to insure for older drivers.

Driving violations and accidents

In a perfect world, the best way to maintain cheap auto insurance rates for older drivers is to be a good driver and avoid tickets and accidents. The diagram below illustrates how traffic citations and at-fault accidents can affect yearly insurance costs for each different age group. Data assumes a single male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

In the previous example, the average cost of an auto insurance policy in Wisconsin per year with no violations or accidents is $1,454. Get one speeding ticket and the average cost rises to $1,639, an increase of $185 each year. Then include one accident along with the one speeding ticket and the annual cost of auto insurance for drivers over age 60 increases to an average of $2,159. That’s an increase of $706, or $59 per month, just for not driving carefully!

The diagram below demonstrates how choosing different deductibles can increase or decrease insurance premiums when trying to find cheap insurance for drivers over age 60. Data assumes a married female driver, full coverage, and no additional discounts are factored in.

The chart above illustrates that a 30-year-old driver could pocket $182 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $276 by using a $1,000 deductible. Young drivers, such as the Age 20 example, can cut as much as $390 or more by choosing larger deductibles on their policy.

When using a larger deductible, it is a good idea to have enough funds in savings to allow you to cover the extra out-of-pocket expense associated with higher deductibles.

How to find low-cost car insurance for drivers over age 60

Lowering your rates is not difficult, and here are many money-saving solutions that can help drivers locate cheaper coverage.

• Staying accident-free helps keep rates low
• Full coverage is expensive so only insure older vehicles for liability only
• Pay less by remaining claim-free
• You will pay more if you get tickets or have at-fault accidents
• Increase your comprehensive and collision deductibles
• Compare prices frequently to find the best deal

The final tip is extremely valuable, as we emphasized in the article above. Auto insurance rates change frequently, so drivers shouldn’t be reluctant to buy a different policy if a lower price can be found. We understand brand loyalty, but it’s not a great idea if that devotedness results in you overpaying hundreds of dollars year after year. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for drivers over age 60.