For senior citizens, one of the largest components that help determine the cost of insurance is where you keep your car. Regions with more people or even just more weather-related claims are more likely to pay higher prices, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.
The next table ranks the highest-priced areas in California for seniors in which to purchase auto insurance. Los Angeles shows up at #1 costing $2,168 for the average policy, which is approximately $181 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Los Angeles | $2,168 |
| 2 | Glendale | $2,058 |
| 3 | Oakland | $1,755 |
| 4 | San Francisco | $1,711 |
| 5 | Sacramento | $1,703 |
| 6 | San Bernardino | $1,644 |
| 7 | Long Beach | $1,626 |
| 8 | Stockton | $1,603 |
| 9 | Santa Clarita | $1,595 |
| 10 | Fontana | $1,581 |
| 11 | Garden Grove | $1,570 |
| 12 | Riverside | $1,542 |
| 13 | Fresno | $1,517 |
| 14 | Moreno Valley | $1,506 |
| 15 | Anaheim | $1,488 |
| 16 | Modesto | $1,487 |
| 17 | Santa Ana | $1,453 |
| 18 | San Jose | $1,395 |
| 19 | San Diego | $1,381 |
| 20 | Huntington Beach | $1,374 |
| 21 | Fremont | $1,361 |
| 22 | Bakersfield | $1,353 |
| 23 | Irvine | $1,343 |
| 24 | Oxnard | $1,318 |
| 25 | Chula Vista | $1,298 |
| Find Cheaper Rates Go | ||
Prices are comparative as vehicle location can increase or decrease coverage prices considerably.
Trying to buy affordable insurance is hard enough, and figuring out which company has the lowest-priced auto insurance rates for seniors takes even more perseverance.
Every insurance company uses their own calculation for filing rates in each state, so we’ll take a look at the most competitive auto insurance companies in Los Angeles.
Find the Best Cheap Insurance for Mature Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,121 |
| 2 | Wawanesa | $1,157 |
| 3 | CSAA | $1,198 |
| 4 | Nationwide | $1,213 |
| 5 | Century National | $1,214 |
| 6 | 21st Century | $1,325 |
| 7 | Grange | $1,491 |
| 8 | Allstate | $1,497 |
| 9 | GEICO | $1,513 |
| 10 | Mercury | $1,533 |
| 11 | Progressive | $1,542 |
| 12 | Allied | $1,588 |
| 13 | MetLife | $1,590 |
| 14 | The Hartford | $1,623 |
| 15 | State Farm | $1,682 |
| 16 | Unitrin | $1,699 |
| 17 | Esurance | $1,756 |
| 18 | Travelers | $1,788 |
| 19 | Bristol West | $1,849 |
| 20 | Farmers | $2,026 |
| Quote Your Rates Go | ||
USAA generally has some of the lowest car insurance rates in Los Angeles at around $1,121 each year. This is $530 less than the average policy premium paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National also make the cut as some of the best Los Angeles, CA auto insurance companies.
As illustrated above, if you are currently insured with Wawanesa and switched to USAA, you could see an annual premium reduction of approximately $36. Drivers with CSAA could save as much as $77 a year, and Nationwide insureds might reduce prices by as much as $92 a year.
To see how much you can save, click here to get a free quote or visit any of the low-priced companies below.
It’s important to note that these estimates are averages across all ages of drivers and types of vehicles and and are not calculated with a vehicle location for seniors. So the car insurance company that has the lowest price for you may not even be in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own driver data and vehicle information.
Impact of speeding/accidents on auto insurance rates
The common sense way to get cheap auto insurance rates in California for senior citizens is to drive safe and avoid accidents and violations. The diagram below illustrates how speeding tickets and at-fault collisions impact insurance premiums for different ages of insureds. The rate quotes are based on a single male driver, full coverage, $500 deductibles, and no discounts are applied.
In the chart above, the average cost of a car insurance policy in Los Angeles per year with no violations or accidents is $2,075. Add in one speeding ticket and the average cost increases to $2,341, an increase of $266 each year. Then add two accidents along with the one speeding ticket and the yearly cost of auto insurance for seniors goes up to an average of $4,724. That’s an increase of $2,649, or $221 per month, just for not being a responsible driver!
Full coverage rates compared to liability-only
Saving money on auto insurance is the goal of most vehicle owners, and one way to find cheap insurance for seniors is to buy liability only. The chart below illustrates the difference between car insurance costs when comparing full coverage to liability only. The information is based on no accidents or driving violations, $100 deductibles, drivers are single, and no additional discounts are factored in.
As an overall average, comprehensive and collision coverage on your policy costs $2,525 per year over liability only. At some point, every insured wonders when is it safe to stop buying full coverage. There isn’t a written rule for phasing out full coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.
How to get discounts on Los Angeles car insurance rates
Car insurance companies that provide policies for seniors may provide policy discounts that can lower rates by 25% or more if you are eligible for them. A list of auto insurance companies and their possible discounts include:
- Esurance may have discounts that include safety device, online shopper, good driver, anti-theft, and online quote.
- The Hartford has discounts for vehicle fuel type, good student, defensive driver, bundle, air bag, and driver training.
- AAA offers discounts for anti-theft, AAA membership discount, education and occupation, good student, pay-in-full, multi-car, and good driver.
- GEICO may include discounts for daytime running lights, five-year accident-free, anti-lock brakes, military active duty, and good student.
- State Farm may offer discounts for good driver, anti-theft, accident-free, safe vehicle, and multiple policy.
The diagram below illustrates the comparison of auto insurance rates with and without discounts applied to the policy rates. The premiums assume a female driver, no claims or violations, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with anti-theft, multiple policy, claim-free, homeowner, multiple vehicle, and marriage discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance for seniors is 29% or $642.
Ideas for finding economical car insurance for seniors
It is possible to find better rates, and here are some penny-pinching ideas that can help Los Angeles drivers find cheaper coverage.
- Better credit rating means better rates
- Drive vehicles with five-star safety ratings
- Drop full coverage on older vehicles
- Accident-free drivers may qualify for discounts
- Bundle home or renters insurance to earn a discount on car insurance
- Shop around for lower rates once a year
The last suggestion is especially valuable, as we stressed in the prior information. Prices charged by companies fluctuate constantly, so don’t be afraid to buy a policy from a new company if a better rate can be found.
Staying with the same company for years is fine, but it’s not a great idea if that dedication is costing lots of money. If you have a few minutes, now is a great time to compare rates and find cheaper insurance for seniors in Los Angeles.
If you wish to have some advice when comparing insurance rates for senior citizens, the agencies below are willing to help you decide which auto insurance policy fits you best. To locate an agency using an interactive map, click the link after the list.
- Leisha Willis – State Farm Insurance Agent
500 N Larchmont Blvd – Los Angeles, CA 90004 – (323) 785-4080 - STARC INSURANCE AGENCY,INC
5250 W Century Blvd #426 – Los Angeles, CA 90045 – (888) 400-4004 - Sean Kim – State Farm Insurance Agent
2727 W Olympic Blvd #102 – Los Angeles, CA 90006 – (213) 480-3377