Cheap Car Insurance for Drivers Over Age 60 in Texas

The words “affordable” and “insurance” really don’t belong together, specifically when comparison shopping for the lowest insurance prices for drivers over age 60. Because it’s so expensive, let’s familiarize you with some situations the can have a considerable influence on insurance rates, and find some ways to take the sting out of the next policy you buy.

Determining which insurers offer the best car insurance rates for drivers over age 60 will require more time in order to find a policy that fits your budget. Each auto insurer used slightly different criteria for setting rates, so let’s rank the car insurance companies with the overall best prices in Texas.

It’s important that readers know that Texas car insurance rates are impacted by many factors that can increase the cost of having a policy. Getting older, buying a different vehicle, or having an at-fault accident can trigger price changes that may make certain companies more affordable than before.

Best Insurance Companies for Age 60+

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Travelers quotes some of the best car insurance rates in Texas at around $1,010 a year. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are also some of the cheaper Texas auto insurance companies.

In this example, if you are currently insured with Texas Farm Bureau and switched to Travelers, you could realize yearly savings of approxmiately $225. Customers with Germania Mutual could save as much as $272 a year, and California Casualty customers might cut rates by $372 a year.

To find out how much you can save, click here to get quotes or visit several of the following companies.

Bear in mind that those estimates are averaged for all ages of drivers and types of vehicles and do not factor in a rate discount for drivers over age 60. So the auto insurance company that has the lowest price for you may not even be in the list of companies shown earlier. That point stresses why you need to compare as many prices as possible using your own driver data and vehicle information.

The make and model of vehicle requiring coverage is one of the largest considerations when consumers are trying to find cheap car insurance for drivers over age 60 in Texas. Vehicles with lower acceleration and performance, good crash test ratings, or a track record of few liability claims will cost much less to insure than higher performance models. The data below estimates insurance premiums for some of the most budget-friendly automobiles to buy insurance for.

Table data represents married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rates do not factor in specific location which can increase or decrease rates considerably.

Based upon these rates, cars like the Hyundai Elantra, Honda CR-V, and Chevrolet Traverse will definitely be the cheaper vehicles to insure for older drivers.

For Texas drivers, one of the things that influence a rate quote is where you normally keep your vehicle in Texas. Densely populated urban areas like McAllen, Brownsville, and Houston tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates generally benefit from lower auto insurance rates.

The illustration below illustrates the most expensive cities in Texas for drivers over age 60 to purchase car insurance in.

Annual rates are approximated as the vehicle garaging location can revise insurance rates greatly.

Discounts on cheap car insurance for drivers over age 60 in Texas

Auto insurance companies that provide policies for drivers over age 60 could also offer policy discounts that could potentially reduce rates by as much as 25% or more if you qualify. A few popular companies and their possible discounts are detailed below.

• Farm Bureau has savings for safe driver, youthful driver, 55 and retired, multi-policy, good student, and renewal discount.
• MetLife may offer discounts for defensive driver, multi-policy, accident-free, claim-free, good driver, good student
• Progressive offers discounts for homeowner, good student, multi-policy, online signing, continuous coverage, and multi-vehicle.
• AAA includes discounts for pay-in-full, multi-car, good driver, AAA membership discount, good student, and multi-policy.
• American Family discounts include accident-free, early bird, TimeAway discount, defensive driver, Steer into Savings, good student, and good driver.
• GEICO offers premium reductions for federal employee, defensive driver, good student, air bags, driver training, and seat belt use.
• State Farm policyholders can earn discounts including safe vehicle, accident-free, student away at school, Drive Safe & Save, multiple autos, and good driver.

The illustration below shows the comparison of yearly insurance costs with and without discounts applied to the rates. The data is based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, claim-free, safe-driver, accident-free, homeowner, and marriage discounts applied. With discounts applied, the average savings per year on car insurance for drivers over age 60 is 30% or $517.

Impact of violations and accidents on rates in Texas

The easiest method to maintain the cheapest car insurance premiums for older drivers is to be a good driver and avoid getting tickets or having accidents. The diagram below shows how violations and at-fault claims can drive up premium costs for different categories of driver ages. The premiums are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

The chart shows that the average cost of car insurance in Texas per year with a clean driving record and no accidents is $1,682. Factor in one speeding ticket and the average cost surges to $1,957, an increase of $275 each year. Now get two accidents along with the one speeding ticket and the 12-month cost of car insurance for drivers over age 60 goes up to an average of $4,269. That’s an increase of $2,587, or $216 per month, just for not driving attentively!

Which car insurance company is best?

If you are shopping around for auto insurance for older drivers, four companies to definitely compare rates with are Geico, Progressive, State Farm, and Allstate. When combined, they have about half of the car insurance market in the United States. The table below compares and contrasts pricing and service ratings, plus some optional coverages that you can purchase from each one.