This would be a much shorter article if we could simply give you the name of the company that has the rock bottom lowest rates in Texas. It’s just not that simple, as there are a ton of unknown factors such as whether you are single or married, if you are a man or woman, what coverage limits you want, and your age, that all influence how much you pay for auto insurance. Car insurance is kind of a dry topic, but this article will explain some of these factors and educate you enough to have some help in finding cheaper rates.
Finding good, reasonably-priced auto insurance is not always easy, and determining which insurers offer the cheapest insurance rates for drivers over age 60 requires a bit more work.
Each insurance company uses a slightly different approach for determining rates in each state, so to begin we’ll rank the most competitive insurance companies in Houston, TX.
Cheapest Insurance Rates for Age 60+
|Rank||Company||Cost Per Year|
|3||Texas Farm Bureau||$1,199|
|Quote Your Rates Go|
Travelers offers some of the lowest car insurance rates in Houston at around $1,052 a year. This is $852 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the more affordable Houston, TX insurance companies.
As illustrated above, if you buy coverage from USAA and switched to Travelers, you could realize yearly savings of roughly $32. Texas drivers with Texas Farm Bureau could save as much as $147 a year, and Germania Mutual customers might reduce prices by as much as $242 a year.
To find out how your current rates compare, click here to begin a quote or visit several of the following companies.
Bear in mind that those estimates are averages across all insureds and vehicles and and are not calculated with an exact vehicle garaging location for drivers over age 60. So the car insurance company that is best for you may not even be in the list above. That’s why you need to compare rates from as many companies as possible using your own individual information.
The make and model of vehicle that needs insurance is probably the largest consideration that determines the availability of the most economical car insurance for drivers over age 60. Vehicles with high performance engines, a lack of advanced safety features, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models. The information below shows car insurance costs for a handful of the cheaper automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$1,192|
|Ford Escape Limited 2WD||$1,217|
|Honda CR-V EX-L 2WD||$1,223|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,310|
|Ford Explorer XLT AWD||$1,336|
|Dodge Grand Caravan SE||$1,346|
|Ford F-150 XLT Super Cab 4WD||$1,363|
|Chevrolet Impala LS||$1,386|
|Ford Edge SE AWD||$1,391|
|Chevrolet Malibu Hybrid||$1,411|
|Toyota Tacoma Double Cab 4WD||$1,421|
|Nissan Altima 2.5 4-Dr Sedan||$1,411|
|Compare Cheap Rates Go|
Table data represents single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Premium costs do not factor in specific zip code location which can decrease or increase auto insurance rates substantially.
Based on these rates, you can figure that makes and models like the Honda Accord, Ford Escape, and Honda CR-V will be the cheapest vehicles to insure for older drivers.
For older drivers, one of the more important factors that are looked at to determine the price you pay for insurance is where you keep your vehicle. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.
The table below lists the most expensive places in Texas for drivers over age 60 to purchase a policy in. Houston is listed at #6 costing $1,835 on average, which is about $153 per month.
|Rank||City||Premium Per Year|
|Get a Custom Quote Go|
Rate information is estimated as the vehicle garaging location can affect coverage rates significantly.
The chart below shows how choosing a deductible can raise or lower insurance prices when searching for cheap insurance for drivers over age 60. The premium estimates are based on a married female driver, full physical damage coverage, and no discounts are applied to the premium.
As shown above, a 50-year-old driver could reduce rates by $260 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $394 by using a $1,000 deductible. Younger drivers, like the Age 20 category, could possibly save up to $646 annually just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it is important to have spare funds to be able to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Best insurance in Texas
Picking a highly-rated insurance company can be a challenge considering how many different companies sell coverage in Houston. The rank data listed below may help you choose which coverage providers to look at shopping prices with. These ratings include companies that write coverage in many states, so companies that may only write in Texas are not factored into these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
How to find budget-friendly auto insurance for drivers over age 60
Below you’ll find many penny-pinching ideas that can help Texas drivers buy cheaper auto insurance.
- Get cheaper liability coverage by choosing a safer vehicle
- Do not get tickets
- Good credit scores may make rates cheaper
- Full coverage is expensive so only insure older vehicles for liability only
- Raise your physical damage coverage deductibles
- Avoid preventable accidents
- Look for cheaper rates once a year by shopping around
The last idea is particularly critical, as we emphasized in this write-up. Coverage prices can change significantly in a year, so drivers shouldn’t be reluctant to buy from a new company if you can find a cheaper rate.
Brand loyalty is great, but it’s not a great idea if that inflexibility results in costing you lots of money. Take a couple minutes and shop around to find cheaper insurance for drivers over age 60 in Houston.
The agents listed below are willing to help you decide which policy fits your needs best, since some drivers wish to get some help when comparing insurance rates for older drivers. It can be complicated to find the cheapest car insurance policy, and getting advice from a licensed Texas insurance agent can bring satisfaction knowing your policy gives you adequate asset protection. To locate a Houston car insurance agency near you, click the button after the list.
Ken W Taylor Insurance Agency
9405 Huffmeister Rd #110 – Houston, TX 77095 – (281) 345-2580
ProTECH Insurance Agency, Inc.
#100, 3120 SW Freeway Service Rd – Houston, TX 77098 – (713) 520-1090
Tammy Pham – State Farm Insurance Agent
13618 Bellaire Blvd, Ste E5 – Houston, TX 77083 – (281) 498-6800
Linda Tuck – State Farm Insurance Agent
2402 Bay Area Blvd g – Houston, TX 77058 – (281) 488-9050
Jim Webb – State Farm Insurance Agent
8475 Hwy 6 N Ste B – Houston, TX 77095 – (281) 550-2886