What Auto Insurance is Cheapest for Drivers Over Age 70 in Fresno?

It’s impossible to miss the ads from companies like Liberty Mutual and Allstate promising the cheapest rates. So you just need to choose one randomly, right?

Unfortunately, it’s not that simple as there are a ton of unknown elements like the number of miles you drive in a year, the likelihood of vehicle theft where you live, and how high your deductibles should be, that all factor into the price you pay. The information below will cover the best ways to save on auto insurance and will give you a good beginning to your search for cheaper coverage.

The vehicle model needing coverage is one of the biggest factors when comparison shopping for the most economical insurance for drivers over age 70. Vehicles with limited speed and performance, good crash test ratings, or a track record of few liability claims will cost much less to insure than adrenaline junky models.

The next table showcases insurance prices for a selection of the most economical vehicles to insure.

Premium data assumes single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Estimates do not factor in your specific Fresno, CA location which can impact auto insurance rates substantially.

Based upon the table data, we can presume that models like the Honda Accord, Ford Escape, Honda CR-V, Volkswagen Jetta, and Toyota Prius are the cheaper vehicles to insure for older drivers. Car insurance rates will be more costly just because there is more exposure for drivers over age 70, but in general those particular models will tend to have the best rates that you are likely to find.

Establishing which insurers offer the cheapest car insurance rates for drivers over age 70 will take a little more work than just picking a company at random.

Each auto insurance company has a different formula for determining rates in each state, so let’s take a look at the most competitive car insurance companies in Fresno, CA. It’s a good idea to know that California car insurance rates are calculated based on many things which can substantially change the cost of having a policy. Simply having a birthday, buying a different home, or getting a ticket for running a stop sign may prompt premium changes that can now make some companies cheaper than competitors.

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USAA normally has some of the lowest car insurance rates in Fresno at around $1,109 per year. Wawanesa, Century National, CSAA, and Nationwide also qualify as some of the most economical Fresno, CA insurance companies.

As shown above, if you are insured with CSAA and switched to Wawanesa, you might see yearly savings of roughly $41. California drivers with Nationwide may save as much as $56 a year, and 21st Century insureds might realize rate reductions of up to $222 a year.

Be aware that those policy prices are averaged for all drivers and vehicles and are not factoring in an exact vehicle garaging location for drivers over age 70. So the auto insurance company that has the lowest price for you may not even be in the top 24 companies shown above. That point stresses why you need to compare prices as often as possible using your own specific driver and vehicle information.

Discounts on Fresno car insurance

Insurance companies that offer cheap quotes for drivers over age 70 may have special discounts that may potentially lower prices by as much as 30% if you meet specific eligibility requirements. Companies and a partial list of their discounts can be found below.

• Progressive offers premium reductions for continuous coverage, multi-vehicle, homeowner, online quote discount, good student, and multi-policy.
• AAA may have discounts that include pay-in-full, AAA membership discount, good driver, anti-theft, good student, and education and occupation.
• Farmers Insurance has discounts for electronic funds transfer, switch companies, mature driver, business and professional, and homeowner.
• GEICO discounts include emergency military deployment, five-year accident-free, good student, defensive driver, multi-policy, and seat belt use.
• Esurance may offer discounts for safety device, defensive driver, online quote, good student, multi-policy, multi-car, and Switch & Save.
• SAFECO offers discounts for bundle discounts, teen safety rewards, safe driver, anti-theft, and anti-lock brakes.
• State Farm policyholders can earn discounts including multiple policy, good driver, passive restraint, multiple autos, and Drive Safe & Save.

The information below shows the comparison of auto insurance costs with and without policy discounts. The prices are based on a male driver, a clean driving record, no claims, California state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with homeowner, claim-free, multiple policy, accident-free, passive restraint, and defensive driving course discounts applied. When discounts are applied, the average yearly reduction on car insurance for drivers over age 70 is 28% or $787.

How much more does full coverage cost in Fresno?

Lowering the price of car insurance should be important to the majority of people, and one good way to reduce the cost of insurance for drivers over age 70 is to not buy comprehensive and collision coverage. The diagram below illustrates the comparison of auto insurance costs with and without full coverage. The costs are based on no claims or driving violations, $500 deductibles, single marital status, and no policy discounts are applied.

If averaged out across all ages, full coverage costs $2,075 per year more than insuring for liability only. That is a large expense which might make you wonder when is it a good idea to stop buying full coverage. There is no set guideline to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

There are a few cases where dropping full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not buy liability only.

Low rates can quickly become overpriced

California car insurance rates are influenced by many factors that may substantially change the cost of your policy. Getting older, moving across town, or getting a driving violation may prompt premium changes that can now make some companies cheaper than others.

In addition, insurers amend pricing as needed in order to remain profitable. An unexpected high level of claims may cause additional premium costs, while lower claim levels may result in lower-cost Fresno car insurance rates.

To illustrate this point, the data below shows the companies that have the cheapest car insurance in Fresno, CA for a 45-year-old female driver with a good driving record, no prior claims, and a good credit history. When quoting prices based on her current situation, USAA offers the most affordable car insurance rates in Fresno at $1,296 each year. This is $355 less than the average policy premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also included in the cheapest Fresno, CA auto insurance companies.

The example below compares rates after we give the driver from the first set of rates a couple of claims, a lower credit score, and a traffic ticket or two. Due to the fact that every insurance company has their own formula to set their prices, comparing insurance quotes could result in a completely different list of the cheapest car insurance companies in Fresno as shown below.

Grange now has the cheapest price in Fresno with Progressive, Allstate, Mercury, and GEICO also being competitive. This illustrates why it is so important to perform a complete rate comparison when trying to find the cheapest car insurance quotes for drivers over age 70. Car insurance prices can be determined by many factors and change substantially, so the most affordable company two years ago may now be one of the more expensive options.

The auto insurance agents in Fresno shown below are a good start to provide answers to your questions and help you determine which coverage meets your needs best, since many people would rather have a professional recommendation when trying to find lower insurance rates for older drivers. It’s not always easy to do it yourself, so getting advice from a licensed agent can give satisfaction knowing you have adequate coverage when you need it most. To find an auto insurance agency nearest to you, click the button link following the list or click here to compare prices now.

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