How Much Does Car Insurance Cost for Seniors in Missouri?

The car, truck, or SUV that is being insured is probably the most important factor that determines whether or not you find cheap auto insurance for seniors in Missouri. Vehicles with more horsepower, poor crash test ratings, or high incidents of liability claims will cost significantly more to insure than safer models.

The next list outlines coverage costs for a number of the cheapest automobiles to buy insurance for.

Table data assumes married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Missouri minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in specific zip code location which can raise or lower premiums significantly.

Based on these rates, you can expect models like the Hyundai Elantra, Honda CR-V, Ford Escape, Volkswagen Jetta, and Ford F-150 should be a few of the cheapest vehicles to insure for senior citizens.

For senior citizens, one of the largest factors that is used by car insurance companies to calculate car insurance rates is where you keep your vehicle. Cities with more crime and/or more people like Saint Louis, University City, and Raytown tend to have higher auto insurance costs, whereas areas that are not as densely populated benefit from lower rates.

The information below displays the more expensive cities in Missouri for seniors to buy car insurance in.

Information shown are estimated as the specific garaging location can impact price quotes considerably.

Determining which company has the best insurance rates for seniors requires a bit more effort than just picking a company at random. Each auto insurance company has their own unique process to set policy rates, so let’s take a look at the most budget-friendly insurance companies in Missouri.

It’s a good idea to be aware that Missouri insurance rates are based on many factors which can significantly increase or decrease your annual premium. Simply improving your credit, adding a teenager to your policy, or having an at-fault accident can trigger rate changes that can now make some companies cheaper than competitors.

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USAA may offer some of the best car insurance rates in Missouri at around $642 each year. The Hartford, Electric, Allied, and MO Farm Bureau are also some of the cheaper Missouri auto insurance companies.

As shown above, if you have coverage with Allied and switched to The Hartford, you could see yearly savings of in the vicinity of $50. Insureds with MO Farm Bureau might save as much as $204 a year, and Auto-Owners customers might cut rates by $220 a year.

To get a quick, customized rate comparison, click here to start your custom quote or click through to the companies below.

Understand that those rates are averaged for all types of drivers and the different vehicles they drive and do not take into consideration a price discount for seniors. So the car insurance company that has the cheapest price for you may not even be included in the list of companies above. That affirms the importance of why you need to quote rates from many companies using your own specific driver information and vehicle.

The information below shows how choosing a deductible can increase or decrease insurance rates when searching for cheap insurance for seniors. The data is based on a married female driver, full physical damage coverage, and no policy discounts are applied.

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The data above shows that a 30-year-old driver could lower their policy premium by $210 a year by increasing from a $100 deductible up to a $500 deductible, or save $320 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, could roll back prices $454 annually by using a higher deductible. If you make the decision to raise deductibles, it’s a good idea to have emergency funds available to enable you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Allstate, State Farm, Geico, and Progressive: Who is best?

If you are shopping around for car insurance for senior citizens in Missouri, probably the best companies to start with are Allstate, State Farm, Geico, and Progressive. The next table shows pricing and service ratings, as well as optional policy coverages shoppers can find with each company.