How Much is Auto Insurance for Seniors in Pennsylvania?

The words “cheap” and “auto insurance” probably shouldn’t be used together, in particular when looking for the best insurance rates for seniors. In an attempt to save some money, let’s start the ball rolling by going over some of the things that help determine auto insurance prices, and see how we can help you take the sting out of the next policy you buy.

The vehicle model that is being insured is probably the most important factor when looking for economical coverage for seniors. Vehicles with limited speed and performance, advanced safety features, or a track record of few liability claims will cost quite a bit less to insure than high performance models.

The next list features auto insurance costs for some of the more afforable vehicles to buy coverage for.

Prices based on married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Price estimates do not factor in garaging location in Pennsylvania which can modify rates significantly.

Looking at the numbers, we can conclude that makes and models like the Ford Escape, Honda Accord, Honda CR-V, and Ford Edge are most likely going to be some of the less-costly vehicles to insure for senior citizens.

For senior citizens, one of the big things that is looked at to determine the annual cost of car insurance is where you keep your vehicle in Pennsylvania. Larger areas like Philadelphia, Levittown, and Norristown tend to pay higher rates, whereas areas that tend to be more rural generally pay less for car insurance.

The table below ranks the priciest cities in Pennsylvania for seniors in which to purchase auto insurance.

Price information shown is estimated as the specific zip code location can decrease or increase premiums considerably.

Does it make sense to buy full coverage?

Finding cheap car insurance for seniors in Pennsylvania should be important to the majority of vehicle owners, and one of the quickest ways to lower the cost of insurance is to buy liability only. The example below illustrates the comparison of auto insurance costs with full coverage and liability only. The price estimates are based on a clean driving record, no claims, $100 deductibles, single status, and no other discounts are factored in.

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Averaged for all age groups, full coverage on your policy costs $2,528 per year more than carrying just liability coverage. That is a large expense and it proposes the question if buying full coverage is a waste of money. There is no exact formula for dropping physical damage coverage, but there is a general convention. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.

Buying coverage from a highly-rated auto insurance provider is difficult considering how many different companies insure vehicles in Pennsylvania. The information shown below can help you choose which insurers to look at shopping prices with.

The ratings below only include the largest auto insurers in America, so companies without a large exposure are not taken into consideration for this list. If you’d like to compare prices from these and other competitive companies, click here.

Top 10 Major Car Insurance Companies in Pennsylvania Ranked by A.M. Best Rating

1. GEICO – A++
2. USAA – A++
3. State Farm – A++
4. Travelers – A++
5. Progressive – A+
6. The Hartford – A+
7. Nationwide – A+
8. Erie Insurance – A+
9. Allstate – A+
10. Titan Insurance – A+

Top 10 Major Car Insurance Companies in Pennsylvania Ranked by Customer Service

1. Titan Insurance
2. The Hartford
3. American Family
4. Progressive
5. GEICO
6. USAA
7. Erie Insurance
8. State Farm
9. Travelers
10. Farmers Insurance

How to find budget-friendly car insurance for seniors

Lowering your rates is not difficult, and here are some of the better money-saving ideas that can help drivers quote lower-cost car insurance.

• Drive safe vehicles
• Drop full coverage on older vehicles
• Just one traffic violation will increase your rates
• Avoid accidents
• Raise your physical damage coverage deductibles
• Improve your credit rating
• Keep rates low by comparing prices once a year

The last tip in the list is remarkably significant, as was discussed in the prior information. Auto insurance rates change frequently, so drivers shouldn’t be reluctant to change to a new company if a more affordable price is available. Having a favorite company is great, but it’s not a great idea if that dedication is costing hundreds of dollars a year. Take a couple minutes and compare prices and find cheaper auto insurance for seniors.