The words “economical” and “insurance” probably shouldn’t be used in the same sentence, specifically when trying to find the best coverage prices for drivers over age 70. To help control this cost, let’s lead off by showing you some of the factors that determine car insurance rates, and find a few ways to take a little off the next policy you buy.
The vehicle driven is one of the main factors that determines whether or not you find cheap auto insurance for drivers over age 70. Vehicles with lots of speed or power, a lack of safety features, or a history of substantial liability claims will cost more to insure than safer, lower-performance models.
The list below presents car insurance premiums for the cheaper automobiles to insure in Pennsylvania.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,383|
|Hyundai Elantra GLS Touring Station Wagon||$1,392|
|Ford Escape XLS 2WD||$1,383|
|Honda Accord EX-L 4-Dr Sedan||$1,493|
|Toyota Tacoma 4WD||$1,553|
|Dodge Grand Caravan SE||$1,562|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,603|
|Ford Focus S 4-Dr Sedan||$1,618|
|Ford Edge SE AWD||$1,624|
|Honda Odyssey EX||$1,618|
|Toyota RAV4 Sport 4WD||$1,641|
|Nissan Altima 2.5 4-Dr Sedan||$1,649|
|GMC Sierra SLE Regular Cab 2WD||$1,641|
|Chevrolet Impala LT||$1,651|
|Chevrolet Malibu LS||$1,641|
|Toyota Camry LE||$1,651|
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Data assumes single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can change rates greatly.
Based upon the rates shown, we can expect cars like the Honda CR-V, Hyundai Elantra, and Ford Escape are most likely going to be a few of the cheaper vehicles to insure for older drivers. The price for an auto insurance policy will tend to be more expensive anyway just due to the fact that there is more claim exposure for drivers over age 70, but overall those models will have the cheapest car insurance rates available.
Finding good, cheap car insurance is not the easiest thing to do, and deciding which companies have the best auto insurance rates for drivers over age 70 involves additional perseverance. Every auto insurer has a unique formula to establish rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in Pittsburgh, PA.
We do need to point out that Pennsylvania auto insurance rates are impacted by many factors which can substantially decrease or increase the policy premium. Things like getting older, getting married, or getting a couple of tickets can trigger rate changes that can cause some rates to be more affordable than competitors.
Find Cheaper Auto Insurance for Age 70+
General Casualty may offer some of the cheapest car insurance rates in Pittsburgh at around $740 annually. Erie, Travelers, USAA, and Penn National also qualify as some of the cheapest Pittsburgh, PA auto insurance companies.
As the rates illustrate above, if you currently have a policy with USAA and switched to Erie, you might achieve an annual savings of about $17. Policyholders with Penn National might save as much as $40 a year, and Amica insureds might reduce prices by as much as $190 a year.
To discover how much you can save, click here to start your custom quote or visit any of the low-priced companies below.
Be aware that those policy rates are averaged across all insureds and vehicles and do not take into consideration an exact vehicle garaging location for drivers over age 70. So the company that can offer you the best rate may not even be in the top 30 companies shown above. That affirms the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.
One of the more important things that determine the amount you pay each year for auto insurance is where you call home. Areas with more people or more claims likely pay more, whereas areas with less people or fewer weather incidents get the luxury of paying less.
The illustration below lists the most expensive cities in Pennsylvania for drivers over age 70 to buy an auto insurance policy in. Pittsburgh is ranked at #8 with the annual price of $1,095 for the average policy, which is around $91 monthly.
|15||Municipality of Monr||$1,059|
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Rate quotes are comparative as the vehicle garaging location can increase or decrease rates significantly.
The illustration below highlights how deductible choice can influence premium costs when quoting cheap insurance for drivers over age 70. The information is based on a single male driver, full coverage, and no policy discounts are applied.
As shown above, a 50-year-old driver could save $368 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $552 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, could drop their prices $1,222 or more just by choosing higher deductibles when buying full coverage. When increasing deductibles, it is necessary to have additional funds in a savings account to satisfy the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Driving violations and accidents
The obvious way to earn the most affordable auto insurance rates in Pennsylvania for older drivers is to drive attentively and avoid traffic citations and accidents. The illustration below shows how violations and at-fault claims can impact auto insurance rates for different ages of insureds. The data is based on a married male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
The chart shows that the average cost of a car insurance policy per year with no accidents or violations is $2,007. Get two speeding tickets and the average cost rises to $2,773, an increase of $766 each year. Then add one accident along with the two speeding tickets and the annual cost of auto insurance for drivers over age 70 goes up to an average of $3,545. That’s an increase of $1,538, or $128 per month, just for not being attentive to the road!
Discount Pittsburgh car insurance
Auto insurance companies that provide policies for drivers over age 70 may also offer policy discounts that may potentially lower prices by as much as 35% if you qualify. A list of companies and a partial list of their discounts can be read below.
- Farmers Insurance has discounts for pay in full, good student, switch companies, mature driver, and homeowner.
- State Farm may include discounts for good student, safe vehicle, driver’s education, multiple autos, Drive Safe & Save, anti-theft, and accident-free.
- Liberty Mutual offers discounts for teen driver discount, preferred payment discount, safety features, new graduate, exclusive group savings, new vehicle discount, and newly retired.
- MetLife policyholders can earn discounts including claim-free, accident-free, good student, multi-policy, defensive driver, good driver
- Progressive may offer discounts for online signing, multi-policy, good student, online quote discount, and homeowner.
The diagram below illustrates the comparison of insurance prices with and without some available policy discounts. The data assumes a male driver, a clean driving record, no at-fault accidents, Pennsylvania state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with anti-theft, defensive driving course, multiple policy, multiple vehicle, claim-free, and marriage discounts applied. When these discounts are applied to the policy premium, theamount saved on auto insurance for drivers over age 70 is 28% or $580.
Are you paying too much for car insurance in Pittsburgh?
Pennsylvania auto insurance rates are determined by lots of factors that control the cost of coverage. Improving your credit rating, buying a new vehicle, or getting a ticket for running a stop sign can produce rate changes that can now make some companies more affordable than competitors. Not only may your situation change, but car insurance companies amend premium rates as often as every quarter in order to maintain liquidity for claims. A period of increased losses can result in higher prices, while a lower level of claims may produce cheaper Pittsburgh car insurance rates.
To illustrate this point, the bar chart below shows which company has the cheapest car insurance in Pittsburgh, PA for a 30-year-old male driver with a good driving record, no prior claims, and a good credit rating. Based on his personal profile, General Casualty might quote the lowest car insurance rates in Pittsburgh at $933 annually. This is $724 less than the average policy premium paid by Pennsylvania drivers of $1,657. USAA, Travelers, Erie, and Penn National are the rest of the cheapest Pittsburgh, PA auto insurance companies.
Now let’s give the driver from the first example a chargeable claim, less-than-perfect credit, and a traffic ticket or two. Since each insurance company has a proprietary method to set policy rates, comparing quotes could now result in a significantly different list of affordable companies as shown below.
Auto-Owners now has the lowest price on auto insurance in Pittsburgh with Atlantic States, Donegal Mutual, USAA, and Allied also being competitive. This example illustrates why consumers need to shop around with many companies when trying to find cheap car insurance rates for drivers over age 70.
Insurance prices can be determined by many things and change substantially, so the lowest-price company six months ago may now be one of the higher cost companies.