The type of vehicle that is being insured is one of the largest factors when comparing quotes for low-priced car insurance for drivers over age 70. Vehicles with lots of horsepower, poor safety ratings, or high incidents of liability claims will cost more to insure than more modest models. The next table features insurance premiums for a selection of the cheapest vehicles to buy coverage for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $2,351 |
| Ford Escape Limited 2WD | $2,390 |
| Honda CR-V EX-L 4WD | $2,396 |
| Honda Accord EX-L 4-Dr Sedan | $2,537 |
| Toyota Prius | $2,576 |
| Ford F-150 XLT Crew Cab 2WD | $2,638 |
| Ford Explorer XLT 2WD | $2,648 |
| Dodge Grand Caravan CV | $2,638 |
| Jeep Wrangler Sahara 4WD 2-Dr | $2,645 |
| Volkswagen Jetta 2.0T Station Wagon | $2,726 |
| Ford Edge Limited 2WD | $2,745 |
| Honda Odyssey EX W/Rear Entertainment | $2,752 |
| Chevrolet Impala LS | $2,745 |
| Ford Focus S 4-Dr Sedan | $2,752 |
| Chevrolet Malibu LS | $2,784 |
| Toyota RAV4 Limited 2WD | $2,791 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $2,823 |
| Toyota Camry SE | $2,934 |
| GMC Sierra SLE Regular Cab 4WD | $2,973 |
| Honda Civic Hybrid 4-Dr Sedan | $2,982 |
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Data based on single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can impact rates greatly.
Based on these rates, you can conclude that models like the Hyundai Elantra, Ford Escape, and Honda CR-V should be a few of the cheaper vehicles to insure for older drivers. The cost of a car insurance policy will tend to be more expensive because of the fact that there is more liability risk for drivers over age 70, but generally speaking those particular vehicles will have the lowest insurance prices compared to other types of vehicles.
Comparing quotes for cheap insurance is tough enough, and finding out which company quotes the best insurance rates for drivers over age 70 takes a bit more work.
Every car insurance company has a unique approach to determine rates, so to begin we’ll rank the most budget-friendly insurance companies in Los Angeles. It’s a good idea to know that California insurance rates are impacted by many things that will increase or decrease the price of coverage. Simply turning a year older, becoming a homeowner, or getting a couple of tickets may generate price changes that can now make some companies cheaper than others.
Cheapest Insurance Rates for Age 70+
USAA normally has some of the lowest car insurance rates in Los Angeles at around $1,109 per year. This is $542 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are also some of the lowest-priced Los Angeles, CA auto insurance companies.
As the example above demonstrates, if you currently have coverage with Century National and switched to Wawanesa, you might achieve annual savings of in the neighborhood of $57. Customers with Nationwide may save as much as $93 a year, and 21st Century customers might reduce rates by $181 a year.
These prices are averages for all drivers and vehicles in California and and are not figured with a vehicle location for drivers over age 70. So the company that fits your situation best may not even be in the list above. That illustrates why you need to compare rates from multiple companies using your own personal information and vehicle type.
Drive safe and save
In a perfect world, the ideal way to obtain the most affordable insurance premiums in Los Angeles for older drivers is to be a safe driver and have a clean driving record. The illustration below illustrates how traffic citations and accidents can drive up auto insurance rates for each age group. The costs are based on a married female driver, comp and collision included, $100 deductibles, and no discounts are factored in.
In the prior example, the average cost of auto insurance in California per year with no accidents and a clean driving record is $2,171. Add in two speeding tickets and the average cost swells to $3,101, an increase of $931 each year. Next add one accident along with the two speeding tickets and the 12-month cost of insurance for drivers over age 70 goes up to an average of $4,036. That’s an increase of $1,865, or $155 per month, just for being a little careless behind the wheel!
The diagram below shows how choosing a deductible can affect insurance costs when researching cheap insurance for drivers over age 70. The information is based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could lower their car insurance rates by $552 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $830 by switching to a $1,000 deductible. Younger drivers, like the Age 20 category, can cut as much as $1,640 or more by choosing larger deductibles on their policy. If you do raise deductibles, it’s a good idea to have plenty of money set aside to allow you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Discounts on Los Angeles insurance rates
Insurance companies that provide coverage for drivers over age 70 may provide special discounts that may potentially lower prices by 25% or more if you qualify. A few popular companies and their offered discounts are included below.
- State Farm has savings for anti-theft, Steer Clear safe driver discount, safe vehicle, Drive Safe & Save, and defensive driving training.
- GEICO has discounts for membership and employees, daytime running lights, seat belt use, driver training, and multi-vehicle.
- SAFECO offers discounts including teen safety rewards, anti-lock brakes, bundle discounts, safe driver, drive less, homeowner, and accident prevention training.
- Farmers Insurance offers discounts for pay in full, teen driver, bundle discounts, electronic funds transfer, homeowner, switch companies, and business and professional.
- AAA may have discounts that include good student, good driver, anti-theft, pay-in-full, AAA membership discount, education and occupation, and multi-car.
- USAA offers premium reductions for military installation, multi-policy, family discount, annual mileage, defensive driver, and vehicle storage.
The illustration below shows the difference between premium costs with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no claims or violations, California state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with accident-free, multiple policy, defensive driving course, homeowner, marriage, and safe-driver discounts applied. When taking advantage of discounts, theamount saved on insurance for drivers over age 70 is 28% or $863.