I’m sure you’ve seen the captivating commercials from auto insurance companies like The General and Progressive promising dirt cheap rates. So you just need to pick the one with the catchiest commercial, right?
It’s just not that easy, however, as there are many unknowns such as if you have a tendency to get into accidents, what coverage limits you want, your date of birth, and where you live, that all impact the cost of coverage. This article delves into some of these topics and will hopefully give the reader some help in finding cheaper rates.
For older drivers, one of the largest considerations that aid in calculating insurance cost is where you live. Areas with increased crime or more people tend to pay more, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The table below sorts the most costly cities in Texas for drivers over age 60 in which to buy car insurance. Lubbock is ranked #12 having an annual price of $1,716 for coverage, which is around $143 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Houston | $1,909 |
| 3 | Laredo | $1,907 |
| 4 | Brownsville | $1,870 |
| 5 | Amarillo | $1,840 |
| 6 | Dallas | $1,837 |
| 7 | Garland | $1,796 |
| 8 | Mesquite | $1,771 |
| 9 | Pasadena | $1,758 |
| 10 | Grand Prairie | $1,757 |
| 11 | Irving | $1,736 |
| 12 | Lubbock | $1,716 |
| 13 | Beaumont | $1,702 |
| 14 | Arlington | $1,692 |
| 15 | Austin | $1,676 |
| 16 | San Antonio | $1,671 |
| 17 | Fort Worth | $1,670 |
| 18 | Carrollton | $1,647 |
| 19 | El Paso | $1,616 |
| 20 | Plano | $1,608 |
| 21 | Corpus Christi | $1,572 |
| 22 | McKinney | $1,561 |
| 23 | Waco | $1,537 |
| 24 | Killeen | $1,533 |
| 25 | Abilene | $1,499 |
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Prices are comparative as the vehicle garaging location can raise or lower premiums considerably.
Finding reliable, budget insurance is not the easiest thing to accomplish, and finding out which companies have the cheapest auto insurance rates for drivers over age 60 will involve even more diligence. Every auto insurer has their own formula for filing rates in each state, so to begin we’ll rank the auto insurance companies that tend to have lower prices in Lubbock, TX.
It’s important to understand that Texas auto insurance rates are impacted by many factors that may substantially change the cost of coverage. This price variability is why Texas drivers need to take the time to shop around to get the lowest car insurance rates for drivers over age 60. Prices can be determined by many risk factors and can change substantially, so the cheapest rate the last time you compared rates may now be priced much higher than other options.
Find the Best Cheap Insurance for Age 60+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,256 |
| 5 | Esurance | $1,365 |
| 6 | California Casualty | $1,396 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,476 |
| 9 | Safe Auto | $1,549 |
| 10 | Nationwide | $1,585 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,723 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,156 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,241 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,594 |
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Travelers may offer some of the lowest car insurance rates in Lubbock at around $1,041 a year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also are some of the lowest-priced Lubbock, TX car insurance companies.
As the example above demonstrates, if you are a policyholder with USAA and switched to Travelers, you might realize an annual premium reduction of roughly $43. Customers with Texas Farm Bureau may save as much as $194 a year, and Germania Mutual customers might lower prices by $215 a year.
To find out how much you can save, click here to start a quote or quote prices from the following companies.
It’s important to note that these policy rates are averages across all drivers and vehicles and and are not calculated with an exact 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 quote rates from many companies using your own specific driver and vehicle information.
How violations and accidents impact rates
The easiest method to find the most affordable auto insurance prices for older drivers is to drive safely and avoid accidents and traffic violations. The illustration below illustrates how violations and at-fault claims can raise insurance costs for different insured age categories. The data assumes a single male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
The data above shows the average cost of an auto insurance policy in Texas per year with a clean driving record and no accidents is $1,598. Factor in two speeding tickets and the average cost jumps to $2,103, an increase of $505 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of auto insurance for drivers over age 60 increases to an average of $2,616. That’s an increase of $1,018, or $85 per month, just for not driving attentively!
The chart below highlights how deductible selection can raise or lower insurance costs when quoting cheap insurance for drivers over age 60. The data assumes a single female driver, full coverage, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could lower their policy premium by $422 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $634 by changing to a $1,000 deductible. Younger drivers, such as the Age 20 example, could reduce their rates as much as $1,074 or even more by choosing a larger deductible amount. When increasing deductibles, it is essential to have enough spare savings to allow you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Get discounts on Lubbock auto insurance
Insurers that offer quotes for drivers over age 60 may have special discounts that can reduce rates by as much as 40% or more if you are eligible for them. Companies and their offered discounts are shown below.
- Progressive offers discounts for online signing, good student, multi-policy, homeowner, multi-vehicle, and online quote discount.
- The Hartford discounts include good student, anti-theft, air bag, defensive driver, and bundle.
- Mercury Insurance may include discounts for anti-theft, low natural disaster claims, accident-free, location of vehicle, ease of repair, and type of vehicle.
- GEICO may have discounts that include anti-lock brakes, multi-vehicle, federal employee, air bags, multi-policy, and emergency military deployment.
- AAA includes discounts for pay-in-full, good driver, AAA membership discount, anti-theft, good student, multi-policy, and education and occupation.
- State Farm offers discounts including good student, passive restraint, student away at school, defensive driving training, and multiple policy.
The information below visualizes the comparison of yearly insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, no claims, a clean driving record, Texas state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, defensive driving course, multiple vehicle, passive restraint, marriage, and multiple policy discounts applied. When discounts are factored in, the average amount saved each year on auto insurance for drivers over age 60 is 29% or $553.
How to find the cheapest insurance for drivers over age 60
The list below summarizes some of the better penny-pinching ideas that can help Lubbock drivers buy more affordable auto insurance.
- Vehicles with good safety ratings are usually cheaper to insure
- You will pay more if you get tickets or have at-fault accidents
- Avoid preventable accidents
- Try to pay small claims out-of-pocket
- Buy your homeowners policy from the same company as your auto insurance
- Compare prices frequently to find the best deal
That last idea is notably necessary, as was stressed in this article. Prices charged by companies in Lubbock can change considerably in a year, so don’t be tentative to switch companies if you can save money. Many drivers prefer to stick with one company, but we do not recommend it if your bullheadedness ends up costing you money that could be spent on other things. It only take a few minutes to shop around to find cheaper car insurance for drivers over age 60.
The professional agents shown below are a good start to provide answers to your questions and help you determine which coverages and limits you need, as some drivers have questions and prefer to have a consultation when comparing insurance rates for older drivers. It can be difficult to find the cheapest car insurance policy, so a licensed agent can provide you satisfaction knowing you have adequate protection.
To find an agent closest to you, click the button at the bottom of the list or click here to compare prices now.
- Dick Phillips – State Farm® Insurance Agent
5740 82nd St – Lubbock, TX 79424 – (806) 799-4651 - Allstate Insurance Agent: Patrick Bailey
6701 Aberdeen Ave Ste 2 – Lubbock, TX 79424 – (806) 798-1340 - Budget Insurance Agency
2508 Auburn St – Lubbock, TX 79415 – (806) 749-8600