Best Cheap Auto Insurance for Drivers Over Age 70 in Arizona

This would be a quick read if we could just tell you the one auto insurance company that has the best auto insurance prices in Arizona. It’s just not that simple, as there are a ton of unknown aspects like if you are currently insured, your financial stability, whether you are male or female, and how much liability insurance you need. This article will discuss the things that influence insurance rates and will hopefully give the reader a jump start in finding the best auto insurance.

Finding decent, low-priced car insurance is not easy, and deciding which companies quote the most affordable insurance rates for drivers over age 70 will take more quotes for comparison. Premiums will most likely be a little bit pricier than the state average, with the higher price attributed to the additional risk that comes with offering coverage for older drivers, but competitively-priced coverage may be attainable if you find the right company. Each auto insurer uses their own calculation to set policy rates, so let’s take a look at the insurance companies with the overall cheapest rates in Arizona.

Cheap Insurance Rates for Age 70+

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The Hartford offers some of the best car insurance rates in Arizona at around $845 a year. Safeco, Auto-Owners, USAA, and Travelers also rank well as some of the cheapest Arizona auto insurance companies.

As the example above demonstrates, if you currently buy coverage from Travelers and switched to Safeco, you may see yearly savings of in the vicinity of $203. Insureds with Progressive may save as much as $213 a year, and GEICO policyholders might lower prices by up to $237 a year.

It’s important to note that these policy prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a price increase for drivers over age 70. So the auto insurance company that has the cheapest rates for you may not even be in the company chart above. That point stresses why you need to get quotes using your own driver and vehicle profiles.

The vehicle driven is one of the biggest factors when shopping for the best cheap coverage for drivers over age 70. Vehicles with reasonable performance levels, good safety features, or a track record of few liability claims will cost less to insure than adrenaline junky models. The information below estimates coverage costs for the most budget-friendly automobiles to insure.

Table data represents married male driver age 70, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Information does not factor in vehicle location which can increase or decrease prices greatly.

Based upon the table data, makes and models like the Honda CR-V, Honda Accord, and Ford Escape will be the less-costly vehicles to insure for older drivers. Auto insurance rates will tend to be more expensive anyway just because there is more inherent risk for drivers over age 70, but overall those makes and models will most likely have the cheapest rates that you’ll find.

One of the key considerations that help set the cost of insurance is your zip code in Arizona. Areas that are more densely populated like Phoenix, Avondale, and San Tan Valley tend to pay higher rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.

The illustration below lists the most expensive cities in Arizona for drivers over age 70 to buy an auto insurance policy in.

Annual rates are estimated as specific location information can revise coverage prices greatly.

How to find a good Arizona insurance company

Finding the highest-rated insurance provider can be difficult considering how many different companies there are to choose from in Arizona. The company ratings below can help you choose which car insurance providers you want to consider when buying insurance for drivers over age 70. The rankings below include the largest companies in the United States, so companies that have a smaller presence are not factored into these rankings.

Top 10 Large Auto Insurance Companies in Arizona Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. GEICO
5. Liberty Mutual
6. Progressive
7. Allstate
8. Titan Insurance
9. The Hartford
10. Mercury Insurance

Full coverage versus liability-only

Finding the best cheap auto insurance for drivers over age 70 in Arizona is probably important to most drivers, and one way to buy cheaper insurance is to buy liability only. The information below illustrates the comparison of insurance prices when comparing full coverage to liability only. The information is based on no claims or driving citations, $250 deductibles, drivers are single, and no discounts are applied to the premium.

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As an average for all age groups, physical damage coverage costs an extra $2,107 per year over and above liability only. That raises the question when is it safe to stop buying full coverage. There isn’t a written rule to delete physical damage insurance, but there is a general convention. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

There are a few situations where eliminating full coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Geico, Allstate, Progressive, and State Farm: Who is best?

If you are looking for the best auto insurance for older drivers in Arizona, four of the best places to start are Geico, Allstate, Progressive, and State Farm. They all offer your standard coverages, but each one has unique coverages that drivers can select from. The data below points out price and claims rank as well as some different options that may be available in Arizona.