The type of vehicle to be insured is a large consideration when comparing quotes for the best cheap coverage for seniors. Vehicles with lower performance, good crash test ratings, or a low likelihood of having liability claims will cost less to insure than adrenaline junky models.
The information below illustrates coverage premiums for the most affordable vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $1,095 |
| Ford Escape Limited 2WD | $1,104 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,105 |
| Toyota Prius | $1,191 |
| Dodge Grand Caravan CV | $1,197 |
| Ford Edge SE AWD | $1,239 |
| Chevrolet Equinox LS 2WD | $1,265 |
| Chevrolet Impala LT | $1,274 |
| Chevrolet Malibu LS | $1,265 |
| Toyota RAV4 Sport 2WD | $1,270 |
| Toyota Camry LE | $1,265 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,272 |
| Ford Explorer Eddie Bauer AWD | $1,294 |
| Ford F-150 Lariat Super Cab 2WD | $1,300 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,294 |
| Ford Focus SES 4-Dr Sedan | $1,304 |
| Hyundai Elantra SE 4-Dr Sedan | $1,330 |
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Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in specific location information which can modify premiums substantially.
Based upon the table data, we can tell that models like the Honda CR-V, Ford Escape, Jeep Wrangler, and Toyota Prius are likely to be the more affordable vehicles to insure for senior citizens.
Comparing quotes for affordable insurance is tough enough, and determining which companies quote the cheapest insurance rates for seniors will take more quotes for comparison. Every insurance company uses their own method for determining rates, so we’ll take a look at the most affordable insurance companies in Arizona.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $820 |
| 2 | Safeco | $905 |
| 3 | Auto-Owners | $924 |
| 4 | Travelers | $1,086 |
| 5 | Progressive | $1,118 |
| 6 | USAA | $1,124 |
| 7 | GEICO | $1,142 |
| 8 | Ameriprise Group | $1,172 |
| 9 | Allied | $1,209 |
| 10 | CSAA | $1,213 |
| 11 | Safe Auto | $1,284 |
| 12 | Farm Bureau Mutual | $1,297 |
| 13 | Unitrin | $1,303 |
| 14 | State Farm | $1,323 |
| 15 | Farmers | $1,391 |
| 16 | American Family | $1,420 |
| 17 | Titan | $1,433 |
| 18 | Amica | $1,443 |
| 19 | MetLife | $1,551 |
| 20 | California Casualty | $1,568 |
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The Hartford quotes some of the cheapest car insurance rates in Tucson at around $820 annually. Safeco, Auto-Owners, Travelers, and Progressive would also be considered some of the cheaper Tucson, AZ car insurance companies.
In the above example, if you are currently insured with Safeco and switched to The Hartford, you might see annual savings of approximately $85. Drivers with Auto-Owners might save as much as $104 a year, and Travelers customers might cut rates by $266 a year.
To discover how much you can save, click here to get quotes or visit any of the companies below.
Be aware that those policy rates are averaged for all types of drivers and the different vehicles they drive and do not factor in a vehicle location for seniors. So the insurer that fits your situation best may not even be in the top 28 companies in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
Get discounts on Tucson car insurance
Car insurance companies that offer coverage for seniors may additionally offer special discounts that could potentially reduce rates by as much as 35% if you meet the requirements. Companies and their possible discounts can be read below.
- State Farm offers discounts for Steer Clear safe driver discount, Drive Safe & Save, defensive driving training, driver’s education, and multiple autos.
- American Family may offer discounts for multi-vehicle, good student, Steer into Savings, bundled insurance, air bags, defensive driver, and TimeAway discount.
- GEICO has discounts for daytime running lights, membership and employees, defensive driver, anti-theft, seat belt use, and good student.
- 21st Century policyholders can earn discounts including defensive driver, homeowners, theft prevention, early bird, and driver training.
- Progressive includes discounts for good student, homeowner, online signing, online quote discount, continuous coverage, and multi-policy.
The example below visualizes the comparison of insurance costs with and without policy discounts. The data assumes a male driver, no accidents, no driving violations, Arizona state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple policy, vehicle safety, homeowner, claim-free, anti-theft, and multiple vehicle discounts applied. With discounts applied, theaverage yearly reduction on insurance for seniors is 30% or $508.
Comparison of full coverage and liability-only policies
Reducing the cost of insurance should be important to the majority of drivers, and a great way to pay lower rates for insurance for seniors is to not buy comprehensive and collision coverage. The diagram below illustrates the difference between auto insurance rates with and without full coverage. The rate quotes are based on no violations or accidents, $500 deductibles, single marital status, and no discounts are factored in.
On average, full coverage on your policy costs $1,551 per year more than just buying liability insurance. That is a large expense which might make you wonder if paying for full coverage is worth it. There is no definitive guideline for phasing out physical damage insurance, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s assume your vehicle’s claim settlement value is $12,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $11,000 after paying the physical damage deductible. If premium cost is more than $1,100 annually to have full coverage, then you may want to consider only buying liability coverage.
Insurance rates are higher with tickets and accidents
The easiest method to obtain affordable insurance rates for senior citizens is to be a careful driver and maintain a clean driving record. The illustration below illustrates how speeding tickets and at-fault accidents can raise car insurance costs for different ages of insureds. The data is based on a married male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of auto insurance in Tucson per year with no accidents or violations is $1,209. Factor in two speeding tickets and the average cost surges to $1,661, an increase of $452 each year. Then include two accidents along with the two speeding tickets and the annual cost of insurance for seniors increases to an average of $3,429. That’s an increase of $2,221, or $185 per month, just for a couple of infractions!
The importance of shopping around
Tucson insurance rates are based on many factors which can significantly increase or decrease the price you pay for coverage. Simply turning a year older, having a teen driver, or having an at-fault accident may generate price changes resulting in some rates now being more affordable than competitors. Not only may your risk profile change, but car insurance companies change rates as often as every quarter in order to protect their financial rating. Heavier than normal losses can cause additional price hikes, while lower claims may result in more affordable Tucson car insurance rates.
To help illustrate this point, the graph below analyzes the cheapest car insurance in Tucson, AZ for a 30-year-old male driver with a clear driving record, no claims, and good financial standing. When comparing rates based on his current rating profile, The Hartford quotes the lowest car insurance rates in Tucson at $1,095 each year. This is $333 less than the average premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are the rest of the top five cheapest Tucson, AZ auto insurance companies.
Let’s now give the driver in the first example an accident claim, bad credit, and a speeding citation. Since every car insurance company uses a different method to set policy rates, comparing rates will most likely result in a completely different list of the cheapest Tucson car insurance companies as shown below.
GEICO now has the best price on car insurance in Tucson, AZ with CSAA, Ameriprise Group, Allied, and Farm Bureau Mutual also having competitive pricing. This illustrates why it is crucial to compare many different companies to get affordable insurance rates for seniors. Prices are influenced by many factors and can change substantially, so the cheapest company the last time you shopped your coverage around may now not even be in the top five.