Finding out which companies have the cheapest insurance rates for drivers over age 60 requires a little more effort in order to find the best policy. Each auto insurer has a different process for establishing rates, so let’s take a look at the insurance companies with the overall cheapest rates in Fresno, CA.
We do need to point out that Fresno insurance rates are influenced by many factors which can substantially change the policy premium. Simply having a birthday, marrying your spouse, or getting a speeding ticket can trigger changes in premium resulting in some rates now being cheaper than competitors.
Best Auto Insurance Prices for Age 60+
|Rank||Company||Cost Per Year|
|Quote Your Rates Go|
USAA quotes some of the lowest car insurance rates in Fresno at around $1,109 annually. This is $542 less than the average price paid by California drivers of $1,651. Wawanesa, Nationwide, Century National, and CSAA also qualify as some of the cheapest Fresno, CA insurance companies.
As illustrated above, if you currently have coverage with Nationwide and switched to USAA, you may realize a yearly price reduction of approximately $104. Customers with Century National could save as much as $117 a year, and CSAA insureds might lower prices by $125 a year.
Bear in mind that those premium estimates are averaged across all types of insureds and vehicles and are not factoring in an exact location for drivers over age 60. So the car insurance company that has the cheapest rates for you may not even be in the top 24 companies shown above. That point stresses why you need to quote rates from many companies using your own individual information.
One of the more important factors that are looked at to help calculate insurance cost is where you live. Areas with a lot of weather claims or more people will most likely pay more, whereas areas with less people or fewer weather incidents benefit from lower coverage costs.
The next table shows the most costly cities in California for drivers over age 60 to purchase car insurance in. Fresno is listed at #13 with an annual premium of $1,517 for the average policy, which is about $126 each month.
|Get a Custom Quote Go|
Premium costs are comparative as the specific geographic location can raise or lower premium rates greatly.
Get discount Fresno auto insurance rates
Insurance providers that sell policies for drivers over age 60 may additionally offer premium discounts that could reduce prices by 40% or more if you are eligible for them. The best insurance companies and some of the premium reductions they offer are:
- State Farm may have discounts that include good student, student away at school, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, and passive restraint.
- Liberty Mutual may offer discounts for exclusive group savings, preferred payment discount, teen driver discount, newly married, new move discount, new vehicle discount, and good student.
- American Family includes discounts for TimeAway discount, air bags, early bird, accident-free, and mySafetyValet.
- Progressive discounts include multi-vehicle, online signing, online quote discount, homeowner, good student, and multi-policy.
- Farmers Insurance policyholders can earn discounts including alternative fuel, distant student, bundle discounts, switch companies, good student, and business and professional.
- Auto-Owners Insurance has savings for safe vehicle, paid in full, teen driver, paperless, student away at school, air bags, and multi-policy.
- SAFECO offers discounts including homeowner, accident prevention training, bundle discounts, teen safety rewards, and multi-car.
The chart below shows the difference between annual premium costs with and without some available policy discounts. The price estimates are based on a female driver, no driving violations, no at-fault accidents, California state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with homeowner, anti-theft, marriage, passive restraint, safe-driver, and multiple policy discounts applied. When drivers qualify for the discounts, the average amount saved each year on insurance for drivers over age 60 is 29% or $642.
The diagram below demonstrates how choosing different deductibles can raise or lower insurance premiums when getting quotes for cheap insurance for drivers over age 60. Data assumes a married female driver, comp and collision included, and no policy discounts are applied.
As shown above, a 50-year-old driver could lower rates by $300 a year by increasing from a $100 deductible up to a $500 deductible, or save $456 by changing to a $1,000 deductible. Even younger insureds, such as the Age 20 example, could reduce their rates $750 or even more by choosing a higher deductible.
When increasing deductibles, it is essential to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Accidents and violations increase rates
The common sense way to find the most affordable insurance rates in California for older drivers is to be a safe driver and not receive tickets or have accidents. The diagram below shows how speeding tickets and at-fault claims can increase insurance costs for different categories of driver ages. The data is based on a married female driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of a car insurance policy in Fresno per year with no violations or accidents is $1,598. Add in one speeding ticket and the average cost rises to $1,862, an increase of $264 each year. Now throw in two accidents along with the one speeding ticket and the annual cost of insurance for drivers over age 60 increases to an average of $4,245. That’s an increase of $2,647, or $221 per month, just for not driving responsibly!
Shop around and save
California insurance rates are determined by lots of factors that control the price you pay for coverage. Simply improving your credit, increasing liability limits, or getting a couple of tickets may prompt premium changes that can make some companies cheaper than before.
And not only may your rating factors change, but auto insurance companies change the rates they charge in California every year to help ensure profitability. Higher than usual claims can result in a rate increase, while profitable underwriting may cause cheaper Fresno car insurance rates.
The chart below compares the cheapest car insurance in Fresno, CA for a 40-year-old female driver with no prior accidents, a clean driving record, and a good credit history. Based on her personal profile, USAA has the most affordable car insurance rates in Fresno at $1,245 per year. This is $406 less than the average policy premium paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National are also on the list of the cheapest Fresno, CA auto insurance companies.
Now let’s give the driver in the first chart a couple of claims, poor credit, and a few blemishes on her driving record. Since each auto insurance company has a unique approach to establish rates, comparing quotes could now result in a completely different list of the cheapest companies as shown below.
Grange now has the best price on car insurance in Fresno, CA with Allstate, GEICO, Mercury, and Progressive now being in the top five. This example demonstrates why California drivers need to perform a complete rate comparison when trying to get the best car insurance quotes for drivers over age 60. Rates are determined by many things and can increase or decrease at any time, so the cheapest company two years ago may now be priced much higher than other options.