You have probably watched the captivating commercials from car insurance companies like Allstate, State Farm, and Farmers that make claims of big savings, so you should just pick one at random, right?
It’s not that easy, however, as there are a whole bunch of unknown elements like if you just need liability coverage, any driving violations you may have, the level of liability coverage you want, and the deductible level you need, that all have an effect on the price of a policy. This article will cover the causes of high insurance rates and also should give you a good start in finding the cheapest insurance in California.
The car, truck, or SUV that is being insured is probably the most important factor when looking for the cheapest auto insurance for drivers over age 50. Vehicles with high performance, poor crash test ratings, or a high likelihood of having liability claims will cost more to insure than more economical and safe models. The list below estimates coverage premiums for a number of the most economical vehicles to insure in California.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$933|
|Hyundai Elantra GLS Touring Station Wagon||$939|
|Ford Escape XLS 4WD||$933|
|Honda CR-V LX 4WD||$942|
|Ford Edge SE 2WD||$1,027|
|Ford Explorer XLT 2WD||$1,048|
|Ford Focus SE 4-Dr Sedan||$1,088|
|Volkswagen Jetta 2.0T Station Wagon||$1,094|
|Dodge Grand Caravan Hero||$1,109|
|Toyota RAV4 Limited 4WD||$1,118|
|Toyota Tacoma Double Cab 4WD||$1,109|
|Chevrolet Equinox LT 2WD||$1,114|
|Jeep Grand Cherokee Laredo 4WD||$1,109|
|Ford F-150 Lariat Crew Cab 4WD||$1,129|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,140|
|Toyota Corolla LE||$1,168|
|Chevrolet Impala LTZ||$1,175|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,168|
|Honda Odyssey Touring||$1,188|
|GMC Sierra SLE Regular Cab 4WD||$1,193|
|Chevrolet Malibu LTZ||$1,188|
|Nissan Rogue S 2WD||$1,190|
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Prices do not factor in specific Fresno, CA garaging location which can influence coverage prices noticeably.
Looking at the numbers, makes and models like the Honda Accord, Hyundai Elantra, Ford Escape, Honda CR-V, and Ford Edge are most likely going to be some of the more affordable vehicles to insure for older drivers.
For older drivers, one of the largest considerations that are looked at to determine the cost of insurance is where you normally keep your vehicle in Fresno. Regions with more people or even just more weather-related claims tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates can boast about having cheaper rates.
The following table ranks the most expensive cities in California for drivers over age 50 to purchase auto insurance in. Fresno is listed at #15 costing $1,457 for the average insured, which is approximately $121 per month.
|Rank||City||Average Per Year|
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Annual rates are comparative as specific Fresno garaging address can affect prices significantly.
Impact of violations and accidents on rates
The obvious way to get the cheapest car insurance rates in Fresno for older drivers is to pay attention while driving and have a clean driving record. The information below shows how traffic citations and at-fault accidents can increase auto insurance rates for different age groups. The data is based on a single female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of auto insurance per year with no violations or accidents is $2,637. Get two speeding tickets and the average cost hikes up to $3,530, an increase of $894 each year. Now add two accidents along with the two speeding tickets and the yearly cost of car insurance for drivers over age 50 goes up to an average of $7,051. That’s an increase of $4,414, or $368 per month, just for not being more responsible behind the wheel!
Get discount Fresno insurance
Insurers that provide policies for drivers over age 50 may have policy discounts that could potentially reduce rates by as much as 35% or more if you are eligible for them. Popular car insurance companies and their offered discounts can be read below.
- State Farm includes discounts for safe vehicle, good driver, multiple policy, good student, Steer Clear safe driver discount, defensive driving training, and accident-free.
- GEICO has discounts for anti-theft, federal employee, multi-vehicle, multi-policy, and defensive driver.
- Progressive offers premium reductions for homeowner, online signing, good student, online quote discount, multi-vehicle, multi-policy, and continuous coverage.
- 21st Century may offer discounts for teen driver, defensive driver, 55 and older, air bags, theft prevention, early bird, and anti-lock brakes.
- American Family offers discounts including air bags, bundled insurance, TimeAway discount, multi-vehicle, early bird, mySafetyValet, and accident-free.
- The Hartford may include discounts for vehicle fuel type, air bag, driver training, good student, bundle, and defensive driver.
- AAA policyholders can earn discounts including good student, education and occupation, pay-in-full, multi-car, and anti-theft.
The example below compares auto insurance costs with and without discounts applied to the rates. The price estimates are based on a male driver, no violations or accidents, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with passive restraint, vehicle safety, defensive driving course, multiple vehicle, homeowner, and anti-theft discounts applied. When taking advantage of discounts, the average savings per year on car insurance for drivers over age 50 is 30% or $744.
The importance of comparing Fresno car insurance rates
Fresno car insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay for coverage. Simply having a birthday, buying another vehicle, or getting caught speeding can trigger changes in premium that may make certain companies more affordable than before.
And not only may your rating factors change, but auto insurance companies amend pricing at least once a year to reflect underwriting profits or losses. Unexpectedly high claims can cause increased rates, while lower claims may result in lower-cost Fresno car insurance rates.
The data below shows the companies that have the cheapest car insurance in Fresno, CA for a 35-year-old female driver with a clean driving record, no accidents, and solid credit. If we compare prices based on her current rating profile, USAA might quote the best car insurance rates in Fresno at $1,209 annually. This is $442 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also on the list of the cheapest Fresno, CA auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates a claim surcharge, a lower credit score, and a traffic ticket or two. Since every insurance provider has a proprietary method to set their prices, comparing rates could result in a new list of the cheapest car insurance companies in Fresno as shown below.
Grange now has the cheapest insurance rate in Fresno with Mercury, Progressive, Allstate, and GEICO now being in the top five. This example demonstrates why it is critical to compare lots of rates to find the cheapest car insurance quotes for drivers over age 50. Prices can be determined by many things and change dramatically, so the cheapest option a year ago may now be one of the higher cost companies.
If you prefer to have a little guidance when shopping around for cheaper insurance for older drivers, the agents shown below can probably provide answers to your questions and help you determine which coverages you need. To locate a Fresno insurance agent by location nearest to you, click the button at the bottom.
Bulldog Insurance Agency
7975 N Cedar Ave – Fresno, CA 93720 – (559) 447-5000
CCIS Bonding and Insurance Services
2520 W Shaw Ln #104 – Fresno, CA 93711 – (559) 320-2247
Nationwide Insurance: Maffei Ins and Fin Services
5633 W Figarden Dr Ste 104 – Fresno, CA 93722 – (559) 322-3355