How Much are Car Insurance Quotes for Drivers Over Age 70 in Michigan?

Comparing rates for low-priced insurance is not always easy, and figuring out which company quotes the cheapest car insurance rates for drivers over age 70 will involve even more rate comparisons. Insurance premiums will more than likely be somewhat pricier than the average price in Michigan, with the extra cost attributed to the additional risk related to selling insurance for older drivers, but affordable insurance should be achievable if you find the right company. Each insurance company uses a different method for setting prices, so we need to take a look at the lowest cost car insurance companies in Michigan.

It’s a good idea to be aware that Michigan car insurance rates are determined by lots of factors that control the cost of coverage. Simply improving your credit, buying a newer car, or getting a couple of tickets can produce rate changes that may make certain companies more expensive than competitors.

Best Cheap Insurance Rates for Age 70+

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USAA offers some of the best car insurance rates in Michigan at around $987 per year. GEICO, Safeco, MetLife, and Chubb also qualify as some of the cheapest Michigan car insurance companies.

In this example, if you are insured with MetLife and switched to USAA, you might see an annual savings of about $323. Michigan drivers with Chubb might save as much as $399 a year, and MEEMIC policyholders might reduce prices by as much as $407 a year.

These prices are averages for all types of drivers and the different vehicles they drive and do not factor in a rate surcharge for drivers over age 70. So the car insurance company that fits your needs best may not even be in the list of companies shown earlier. That point stresses why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

The safety and performance level of the vehicle requiring coverage is probably the largest consideration when trying to find cheap insurance for drivers over age 70 in Michigan. Vehicles with economical engines, modern passenger safety features, or a positive history of liability claims will cost much less to insure than adrenaline junky models.

The next lists features coverage rates for some of the most budget-friendly automobiles to buy coverage for.

Data based on married female driver age 70, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Table data does not factor in your specific Michigan location which can alter rates noticeably.

Data rating is based on married female driver age 70, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate information does not factor in zip code location which can alter coverage prices considerably.

Table data assumes married female driver age 70, no speeding tickets, no at-fault accidents, $1000 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in vehicle location which can revise insurance rates significantly.

Full coverage versus liability-only

Finding cheap insurance for drivers over age 70 in Michigan is important to the majority of vehicle owners, and one of the easiest ways to save on the cost of insurance is to not insure for full coverage. The chart below shows the comparison of car insurance rates when comparing full coverage to liability only. The premiums assume no accidents or driving violations, $100 deductibles, single marital status, and no other discounts are factored in.

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Averaged out for all age groups, full coverage on your policy costs $3,933 per year more than insuring for liability only. Many drivers will wonder if paying for full coverage is worth it. There is no set guideline to exclude physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.

How to find cheap insurance for drivers over age 70 in Michigan

The list below details many money-saving ideas that can help you find lower-cost coverage.

• Higher credit scores may earn you cheaper rates
• Maintain a safe distance and avoid accidents
• Safer vehicles cost less to insure
• Do not get tickets
• Avoid filing small claims
• Comparison shop at least every other year

The last item on the list is extraordinarily valuable, as was noted in the article above. Auto insurance prices change constantly, so you should be ready to switch to a new company if a cheaper price is available. Many drivers prefer to stick with one company, but is isn’t recommended if that stubbornness costs you a wad of cash every year. It only takes a couple minutes to shop around to find cheaper car insurance for drivers over age 70.