The vehicle that is being insured is a large consideration that determines the availability of the most affordable car insurance for seniors. Vehicles with reasonable performance levels, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than higher performance models. The table below outlines car insurance costs for the cheapest vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$746|
|Ford Escape Limited 2WD||$753|
|Chevrolet Silverado LS Regular Cab 4WD||$798|
|Dodge Grand Caravan SE||$818|
|Ford Explorer XLT 2WD||$823|
|Ford F-150 XL Crew Cab 4WD||$835|
|Volkswagen Jetta SE 2.5 Station Wagon||$854|
|Jeep Grand Cherokee Laredo 4WD||$863|
|Ford Fusion S 4-Dr Sedan||$873|
|Toyota RAV4 4WD||$863|
|Toyota Tacoma Double Cab 4WD||$871|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$880|
|Honda Civic LX-S 4-Dr Sedan||$889|
|Ford Focus SEL 4-Dr Sedan||$898|
|Hyundai Elantra Blue 4-Dr Sedan||$889|
|Toyota Corolla LE||$908|
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Cost estimates assume married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in your specific Fort Worth, TX location which can revise premiums considerably.
Looking at the rates, models like the Honda CR-V, Ford Escape, Chevrolet Silverado, Toyota Prius, and Dodge Grand Caravan will be a few of the most affordable vehicles to insure for senior citizens.
Deciphering which companies quote the cheapest car insurance rates for seniors will take a little more work in order to find the lowest price. Each insurance company has their own guidelines to set premium rates, so we need to take a look at the overall cheapest car insurance companies in Fort Worth, TX.
Keep in mind that Fort Worth car insurance rates are calculated based on many things which can substantially change the cost of having a policy. Simply turning a year older, increasing deductibles, or getting a ticket for careless driving can trigger rate changes that may make certain companies cheaper than competitors.
Best Auto Insurance Prices for Mature Drivers
Travelers normally has some of the most affordable car insurance rates in Fort Worth at around $1,010 a year. This is $894 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the cut as some of the more affordable Fort Worth, TX auto insurance companies.
As the rates illustrate above, if you are a policyholder with USAA and switched to Travelers, you might achieve a yearly savings of in the vicinity of $85. Texas drivers with Texas Farm Bureau might save as much as $201 a year, and Germania Mutual policyholders might lower prices by $284 a year.
It’s important to note that these rates are averaged for all insureds and vehicles and and are not calculated with an exact location for seniors. So the auto insurance company that is most affordable for your situation may not even be in the top 23 companies in the list above. That’s why you need to get rate quotes from many companies using your own individual information.
Discount Fort Worth insurance
Auto insurance companies that provide policies for seniors may also give you policy discounts that may potentially lower prices by as much as 25% or more if you meet specific eligibility requirements. The best car insurance companies and the discounts they provide include:
- Progressive has savings for good student, multi-vehicle, multi-policy, online signing, and continuous coverage.
- GEICO has discounts for federal employee, good student, daytime running lights, anti-theft, driver training, five-year accident-free, and air bags.
- State Farm may include discounts for multiple autos, multiple policy, Steer Clear safe driver discount, safe vehicle, driver’s education, Drive Safe & Save, and anti-theft.
- Esurance policyholders can earn discounts including Switch & Save, anti-lock brakes, safety device, emergency road assistance, paid-in-full, online quote, and good driver.
- The Hartford offers discounts including bundle, defensive driver, vehicle fuel type, driver training, anti-theft, good student, and air bag.
The illustration below illustrates the comparison of annual premium costs with and without discounts being applied to the rates. The price estimates are based on a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with multiple vehicle, anti-theft, multiple policy, marriage, passive restraint, and defensive driving course discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on car insurance for seniors is 30% or $451.
Cost comparison with and without full coverage
Buying cheaper car insurance is important to the majority of people, and one great way to pay less for insurance for seniors is to not insure for full coverage. The illustration below shows the difference between car insurance rates with and without full coverage. The data assumes a clean driving record, no claims, $1,000 deductibles, single status, and no discounts are taken into consideration.
As an average, comp and collision coverage costs $1,598 per year more than carrying just liability coverage. Many drivers will wonder if it’s a good idea to buy full coverage. There is no clear-cut rule of when to drop comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s assume your vehicle’s replacement cost is $8,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $7,500 after the deductible is paid. If it’s costing in excess of $750 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
How careless driving impacts Fort Worth car insurance rates
The easiest method to receive low car insurance premiums for senior citizens is to pay attention while driving and avoid accidents and violations. The illustration below demonstrates how speeding tickets and at-fault claims influence annual premium costs for each age group. The premiums assume a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
In the prior example, the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,242. Add in one speeding ticket and the average cost swells to $2,612, an increase of $370 each year. Now add two accidents along with the one speeding ticket and the annual cost of car insurance for seniors jumps again to an average of $5,743. That’s an increase of $3,501, or $292 per month, just for not being a responsible driver!
Ideas for finding cheaper car insurance for seniors
The list below shows some money-saving suggestions that can help Texas drivers find cheaper car insurance.
- Buy a vehicle with excellent safety ratings
- Drop full coverage on older vehicles
- Avoid accidents and claims
- Home or renters coverage can save on auto insurance
- Drivers with good credit often pay less
- Comparison shop frequently
The last tip in the list is highly vital, as we noted in the article above. Coverage rates can change in a short period of time, so don’t be hesitant to switch to a new company if a better rate can be found. Loyalty to a specific company is fine, but we do not recommend it if that loyalty results in overpaying lots of money. If you have a few minutes, compare prices and find cheaper auto insurance for seniors in Fort Worth.
If you like to have a professional recommendation when comparing insurance rates for senior citizens, the agents shown below can most likely help you decide which policy fits your needs best.
To locate a Fort Worth auto insurance agent near you, click the button below the list.
- State Farm Insurance – Esmeralda Gutierrez
2219 W Berry St – Fort Worth, TX 76110 – (817) 923-2886
- Elitha Moses – State Farm Insurance Agent
6620 Meadowbrook Dr – Fort Worth, TX 76112 – (817) 446-0065
- Armor Texas Insurance Agency
6613 McCart Ave – Fort Worth, TX 76133 – (817) 332-2066
- Nationwide Insurance: Morris Curlee Jr
3000 Altamesa Blvd #150 – Fort Worth, TX 76133 – (817) 370-9838