How Much Does Car Insurance Cost for Drivers Over Age 70 in New York?

You have most likely seen the commercials from auto insurance companies like State Farm, Nationwide, and Allstate that guarantee enormous savings, so you just need to pick the one with the catchiest commercial, right?

It’s just not that simple, as there are a whole slew of unknown aspects such as how experienced of a driver you are, the area you live in, whether you have good credit, and any prior driving offenses, that all go into determining the rate you pay. The information below covers the best ways to shop for cheaper coverage and will hopefully give you a good start to your coverage search.

Figuring out which companies offer the best insurance rates for drivers over age 70 involves a tad more effort than just comparing rates from one or two companies.

Each company uses different criteria to set policy rates, so we’ll go over the overall cheapest insurance companies in New York. Keep in mind that New York insurance rates are influenced by many factors that control the cost of a policy. Improving your credit score, having a claim, or having a fender bender can trigger price changes that may make certain companies cheaper than competitors.

Best Cheap Insurance Rates for Age 70+

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USAA generally has some of the cheapest car insurance rates in New York at around $1,199 a year. Erie, Progressive, Travelers, and Utica National are also some of the most economical New York car insurance companies.

As shown in the rates above, if you buy coverage from Travelers and switched to Erie, you might achieve a yearly price reduction of about $311. Insureds with Utica National may save as much as $316 a year, and Allstate insureds might lower prices by up to $338 a year.

Bear in mind that those rates are averages across all insureds and vehicles and are not factoring in a price surcharge for drivers over age 70. So the company that fits your needs best may not even be featured in the company chart above. That point stresses why you need to get rate quotes using your own individual information.

One of the key components that determine the annual cost of car insurance is where you keep your vehicle. More densely populated places like New York, Hempstead, and Yonkers tend to pay slightly more, whereas areas with less people or fewer weather incidents generally pay lower car insurance rates.

The information below rates the most expensive places in New York for drivers over age 70 to buy auto insurance in.

Premium amounts are approximated as vehicle location can lower or raise prices significantly.

Illustration showing the impact of accidents and violations

The best way to get the cheapest insurance premiums in New York for older drivers is to drive safe and avoid accidents and traffic citations. The chart below illustrates how speeding tickets and fender-benders can raise car insurance costs for each different age group. The premium estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.

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 Two Accidents’],[‘Age 20’, 2801,3417,5677],[‘Age 30’, 1467,2083,4341],[‘Age 40’, 1413,2027,4285],[‘Age 50’, 1295,1909,4167],[‘Age 60’, 1271,1887,4145],[‘Age 70’, 1463,2081,4337]]);var options = {title: ‘Impact of Tickets and Claims on New York 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 New York’,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 chart shows that the average cost of auto insurance per year with no violations or accidents is $1,618. Get two speeding tickets and the average cost surges to $2,234, an increase of $616 each year. Then add two accidents along with the two speeding tickets and the annual cost of insurance for drivers over age 70 increases to an average of $4,492. That’s an increase of $2,874, or $239 per month, just for not driving attentively!

Get discounts on New York insurance rates

Insurers that offer cheap insurance for drivers over age 70 in New York may also provide policy discounts that could reduce prices by as much as 30% if you meet certain criteria. The best insurance companies and the discounts they provide are:

The example below shows the difference between insurance costs with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no claims or driving citations, New York state minimum liability limits, full physical damage coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with safe-driver, claim-free, multiple policy, defensive driving course, homeowner, and vehicle safety discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on insurance for drivers over age 70 is 17% or $372.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 2861,1147],[‘Age 30’, 1483,2055],[‘Age 40’, 1459,1077],[‘Age 50’, 1331,1055],[‘Age 60’, 1293,965],[‘Age 70’, 1597,937]]);var options = {title: ‘Insurance Rate Comparison for Drivers Over Age 70’,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’,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);}