Cheapest Auto Insurance for Seniors in Montana

Wouldn’t it be awesome if we could look into our crystal ball and tell you the one company that has the cheapest rates for seniors? It’s not quite that easy, unfortunately, as there are a lot of unknown elements such as if you are insuring for full coverage or just liability only, whether you are single or married, the number of miles you drive in a year, and your credit score, that all have an effect on the price of a policy. We know insurance is not everyone’s favorite topic, but in this article we will cover the best ways to avoid high prices and educate you enough to have some help in finding cheaper rates.

One of the many criteria that establish the amount you pay for auto insurance is where you keep your car in Montana. Areas with more people or even just a higher incidence of claims like Whitefish, Evergreen, and Polson tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of the cheapest car insurance for seniors in Montana.

The next table illustrates the most costly cities in Montana for seniors to purchase car insurance in.

Information shown are estimated as specific Montana garaging address can raise or lower prices noticeably.

Trying to buy low-priced car insurance is not the easiest thing to do, and determining which companies have the cheapest car insurance rates for seniors will involve even more rate comparisons. Prices will be somewhat less expensive than the average price in Montana because of the lower risk related to offering coverage for senior citizens. Competitive insurance should be easy to find from many insurers.
Every insurance provider has their own formula for determining rates, so first let’s look at the rankings for the lowest cost car insurance companies in Montana.

It’s a good idea to know that Montana car insurance rates are influenced by many factors which can significantly increase or decrease the price you pay for coverage. Things like having a birthday, having a teenage driver, or getting caught speeding can trigger rate changes that can cause some rates to be much higher than others.

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google.charts.setOnLoadCallback(drawMTT5qcibChart);function drawMTT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Safeco’, 862, ‘#F05050’], [‘Progressive’, 971, ‘#C84242’], [‘USAA’, 1055, ‘#A63737’], [‘State Farm’, 1102, ‘#8A2D2D’], [‘MetLife’, 1151, ‘#732525’]]);var options = {title: ‘Most Affordable Car Insurance Companies in Montana’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1251,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

Safeco may have some of the best car insurance rates in Montana at around $862 annually. Progressive, USAA, State Farm, and MetLife also make the cut as some of the more affordable Montana insurance companies.

As shown in the table above, if you are a policyholder with State Farm and switched to Progressive, you could realize a yearly savings of roughly $131. Drivers with MetLife may save as much as $180 a year, and National Farmers Union insureds might lower prices by up to $233 a year.

To find out how your current rates compare, click here to get a free quote or click several companies below for low rates.

Remember that these estimates are averages for all types of drivers and the different vehicles they drive and and are not figured with a price discount for seniors. So the company that can offer you the best price may not even be shown in the rate chart shown above. That helps illustrate why you need to quote rates from many companies using your own personal information and vehicle type.

The cost and performance of the vehicle on the policy is a large consideration when quoting the cheapest car insurance for seniors in Montana. Vehicles with high performance features, a lack of safety features, or an increased likelihood of liability claims will cost substantially more to insure than more modest models.

The data below ranks coverage costs for a handful of the most cost-effective vehicles to insure in Montana.

Above prices assume married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Estimates do not factor in garaging location in Montana which can affect insurance rates considerably.

Data variables include married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in vehicle location which can impact premium rates greatly.

Prices based on married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Montana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Information does not factor in specific location which can revise premiums noticeably.

Insurance rate increases from tickets or accidents

The obvious way to get good car insurance prices in Montana for senior citizens is to drive attentively and avoid getting tickets or having accidents. The illustration below illustrates how speeding tickets and fender-benders impact auto insurance costs for different insured age categories. The premium estimates are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 2657,3427,4209],[‘Age 30’, 1827,2599,3377],[‘Age 40’, 1823,2593,3371],[‘Age 50’, 1609,2377,3157],[‘Age 60’, 1529,2295,3073],[‘Age 70’, 1657,2429,3207]]);var options = {title: ‘Effect of Tickets and Accidents on Montana Car Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Montana’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data in the chart shows the average cost of car insurance in Montana per year with no accidents and a clean driving record is $1,850. Get two speeding tickets and the average cost surges to $2,620, an increase of $770 each year. Now add in one accident along with the two speeding tickets and the yearly cost of car insurance for seniors jumps again to an average of $3,399. That’s an increase of $1,549, or $129 per month, just for a couple of infractions!

Who has the cheapest insurance quotes for senior citizens?

There are quite a few ways to quote car insurance rates in Montana, but the most frequently used ways are using an independent insurance agent, a captive (or exclusive) agency such as Auto-Owners or State Farm, or direct either online or via phone.

Each way has the same basic steps, but it’s good to know the differences in how they function.

Independent agents have contracts with many companies and can compare coverage rates with every one. These types of agencies are not restricted to one company and can quote rates with many companies, which may give you the best idea of how your rates compare. If they find a lower price, it’s easy for the agent to move the policy and that require little work on your part.

A captive, or exclusive, agent is only able to place business with one company, examples being an Allstate or State Farm agent. Exclusive agents generally are unable to compare other company’s rates, so if the price isn’t competitive there isn’t much they can do.

Buying from a direct company means forego the middleman (the agent) and buy direct online or over the phone from a company like Progressive or Esurance. Shopping direct is good for families who have fewer assets and have some degree of understanding of what coverages they need.

Which method works best to buy the cheapest car insurance for seniors in Montana? We would first guess that buying from a direct company saves the most money since that prevents the need to pay agent commissions, but that does not always hold true. We could also assume that going through an independent agent is the best way since they have access to many companies, but again, it’s not necessarily true. In many cases, the exclusive agents have very competitive rates that are the lowest in Montana.

Since car insurance prices are based on many different factors, really the best method to buy the cheapest coverage is to obtain price quotes and compare them. To find the best rates, be sure to get price quotes all three ways to have the best rate selection. For a list of companies offering online discounts in Montana, click here to view.