Comparing quotes for low-priced insurance is difficult, and figuring out which insurers offer the cheapest car insurance rates for drivers over age 60 takes even more diligence. Every auto insurer has their own unique process for determining rates in each state, so we’ll take a look at the most affordable car insurance companies in Sacramento, CA.
Find the Cheapest Car Insurance for Age 60+
|Rank||Company||Cost Per Year|
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USAA quotes some of the cheapest car insurance rates in Sacramento at around $1,155 annually. Wawanesa, Century National, CSAA, and Nationwide also qualify as some of the cheapest Sacramento, CA auto insurance companies.
As the rates illustrate above, if you currently have coverage with Nationwide and switched to Wawanesa, you could realize an annual premium reduction of around $69. Customers with 21st Century may save as much as $157 a year, and Grange insureds might reduce rates by $296 a year.
Understand that those policy prices are averages across all ages of drivers and types of vehicles and and are not calculated with a vehicle location for drivers over age 60. So the company that fits your situation best may not even be in the top 24 companies in the list above. That helps illustrate why you need to compare rates from multiple companies using your own driver and vehicle profiles.
The vehicle model you are trying to insure is probably the most important factor that determines if you can find the lowest-priced auto insurance for drivers over age 60. Vehicles with lots of speed or power, poor passenger safety features, or a track record of large liability claims will cost much more to insure than safer, lower-performance models.
The data below estimates insurance prices for a number of the more affordable vehicles to insure in California.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$1,274|
|Honda CR-V LX 2WD||$1,282|
|Honda Accord LX 4-Dr Sedan||$1,274|
|Ford Explorer XLT 4WD||$1,426|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,436|
|Dodge Grand Caravan SE||$1,426|
|Ford Edge Limited 2WD||$1,483|
|Toyota Tacoma 2WD||$1,489|
|Ford Fusion S 4-Dr Sedan||$1,509|
|Toyota Camry LE||$1,517|
|Toyota RAV4 2WD||$1,509|
|Ford F-150 FX4 Super Cab 4WD||$1,538|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,544|
|Honda Civic LX 4-Dr Sedan||$1,563|
|Hyundai Elantra SE 4-Dr Sedan||$1,589|
|Honda Odyssey EX-L W/Rear Entertainment||$1,594|
|Chevrolet Impala LTZ||$1,589|
|Toyota Corolla LE||$1,597|
|GMC Sierra SL Crew Cab 2WD||$1,618|
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Cost estimates assume single male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Prices do not factor in vehicle location which can change price quotes significantly.
Looking at the rates, vehicles like the Ford Escape, Honda CR-V, Honda Accord, and Toyota Prius are some of the most affordable vehicles to insure for older drivers.
One of the many considerations that determine auto insurance rates is where your car is garaged. Regions with more people or even just more weather-related claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.
The illustration below lists the highest-priced areas in California for drivers over age 60 to purchase auto insurance in. Sacramento is ranked at #5 with a yearly premium of $1,720 for the average insured, which is around $143 monthly.
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Rates are estimated as zip code location can change auto insurance rates greatly.
Accidents and violations increase rates
The ideal way to snag low car insurance prices for older drivers is to drive safely and avoid accidents and keep your driving record clean. The diagram below demonstrates how citations and at-fault fender-benders impact auto insurance costs for each different age group. The premiums assume a married female driver, full coverage, $100 deductibles, and no additional discounts are factored in.
In the example above, the average cost of a car insurance policy in California per year with no violations or accidents is $2,596. Factor in one speeding ticket and the average cost swells to $3,023, an increase of $427 each year. Now include two accidents along with the one speeding ticket and the yearly cost of car insurance for drivers over age 60 jumps again to an average of $6,655. That’s an increase of $4,059, or $338 per month, just for not driving responsibly!
Rate comparison of full coverage and liability-only
Finding cheaper car insurance should be important to the majority of drivers, and an easy way to buy cheap insurance for drivers over age 60 is to only pay for liability coverage. The example below shows the difference between insurance rates with full coverage compared to only the California minimum liability coverage. The data assumes no claims or driving violations, $500 deductibles, marital status is single, and no discounts are factored in.
If averaged for all ages, full coverage on your policy costs an extra $2,075 per year over and above liability coverage. That may make you wonder if buying full coverage is worth the money. There is no clear-cut formula for eliminating full coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s replacement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,000 after the deductible is paid. If you are paying more than $400 a year for physical damage coverage, then you might consider buying liability only.
Why are you paying too much for Sacramento car insurance?
Sacramento car insurance rates are impacted by many things that may substantially change the cost of coverage. Simply having a birthday, having a claim, or getting a DUI can cause premium changes that can now make some companies cheaper than competitors. Not only may things change on your end, but car insurance companies file new California car insurance rates multiple times each year to adjust for unexpected claims or profits. A period of higher than normal claims can cause higher prices, while a better claims history can cause lower-priced Sacramento car insurance rates.
As an example, the graph below shows which companies have the cheapest car insurance in Sacramento, CA for a 30-year-old male driver with no prior claims, no tickets, and great credit. If we compare prices based on his current rating profile, USAA has the lowest car insurance rates in Sacramento at $1,448 per year. This is $203 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are the remainder of the top five cheapest Sacramento, CA auto insurance companies.
In this next rate comparison, we will give the driver from the first rate comparison an accident surcharge, bad credit, and a traffic citation. Due to the fact that each insurance company uses their own method for setting rates, analyzing rates will most likely result in a different list of affordable companies as shown below.
Grange now has the best car insurance rate in Sacramento, CA with Progressive, Mercury, GEICO, and Allied completing the list. This shows why it is critical to compare many different companies when trying to get the best car insurance rates for drivers over age 60. Prices can be determined by many things and can increase or decrease at any time, so the most economical option two years ago may now be quite expensive.
How to find low-cost car insurance for drivers over age 60
Below you’ll find some of the better money-saving solutions that can help Sacramento drivers buy low-cost coverage.
- Buy vehicles with good safety ratings
- Do not get tickets or violations
- Higher credit ratings may save you money
- Increase your physical damage deductibles
- Accidents can significantly increase rates
- Drop full coverage on older vehicles
- Compare prices as often as possible
That final tip is extremely critical, as we discussed in this article. Car insurance prices in Sacramento can change considerably in a year, so don’t be tentative to switch to a new company if you find a cheaper price.
Being loyal to a particular company is commendable, but it’s not a great idea if that loyalty results in overpaying a small fortune year after year. If you have a few minutes, shop around and find cheaper car insurance for drivers over age 60.
The auto insurance agents in Sacramento shown below can probably provide answers to your questions and help you determine which coverages are best, since some drivers wish to get some help when comparing insurance rates for drivers over age 60. It can be time-consuming to find the best rates on your own, so getting professional guidance from a licensed agent can add comfort knowing your coverage gives you sufficient coverage for your assets.
To locate a Sacramento insurance agent using an interactive map, click the button at the bottom of the list or click here to compare prices now.
Farmers Insurance – Wayne Wong
2015 Q St – Sacramento, CA 95811 – (916) 760-7858
Monique Ambers – State Farm Insurance Agent
4331 Truxel Rd Ste G3 – Sacramento, CA 95834 – (916) 928-4747
Bertolino Insurance Agency
9719 Lincoln Village Dr #409 – Sacramento, CA 95827 – (916) 384-9621
GEICO: Vincent Harris
5211 Madison Ave – Sacramento, CA 95841 – (916) 923-5050