How Much Does Auto Insurance Cost for Seniors in Utah?

It’s hard to miss the commercials from car insurance companies like Progressive and State Farm that make claims of dirt cheap rates. So you just need to choose any one of them, right?

It’s not that simple, unfortunately, as there are a ton of unknowns like any tickets or violations, the amount of liability coverage you need, and the safety features built into your vehicle. This article will discuss the things that cause high insurance rates and should give you a jump start in finding the best auto insurance in Utah.

The type of vehicle that is being insured is one of the largest factors when looking for affordable coverage for seniors. Vehicles with average performance, modern passenger safety features, or a low likelihood of liability claims will cost significantly less to insure than fast, unsafe models.

The information below outlines car insurance premiums for a number of the more afforable automobiles to insure.

Table data represents married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Utah minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Premium amounts do not factor in vehicle location which can lower or raise coverage prices greatly.

Based on these rates, you can conclude that cars like the Ford Escape, Honda CR-V, Chevrolet Traverse, and Honda Odyssey should be a few of the more affordable vehicles to insure for senior citizens.

One of the more important factors that auto insurance companies take into consideration when calculating the price you pay for insurance is where you choose to live in Utah. Regions with more people or even just more weather-related claims like West Valley City, Millcreek, and Riverton tend to pay higher rates, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.

The following table ranks the most expensive places in Utah for seniors to purchase a policy in.

Rate information is estimated as the garaging address in Utah can increase or decrease insurance rates significantly.

Establishing which companies offer the most affordable car insurance rates for seniors will require a little more sweat in order to find the best price. Each insurance company has a unique formula for setting prices, so let’s examine the car insurance companies that tend to have lower prices in Utah.

It’s important to know that Utah car insurance rates are calculated based on many things that will increase or decrease the price you pay for coverage. Simply having a birthday, increasing liability limits, or getting into an accident can trigger rate changes that may make certain companies cheaper than competitors.

Cheap Insurance Rates for Mature Drivers

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google.charts.setOnLoadCallback(drawUTT5qcibChart);function drawUTT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘Bear River’, 590, ‘#338FCF’], [‘USAA’, 767, ‘#2A77AC’], [‘Auto-Owners’, 858, ‘#23638F’], [‘American Family’, 993, ‘#1D5277’], [‘Allied’, 998, ‘#184463’]]);var options = {title: ‘Low-Priced Car Insurance Companies in Utah’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1098,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

Bear River generally has some of the best car insurance rates in Utah at around $590 annually. USAA, Auto-Owners, American Family, and Allied would also make the list of some of the more affordable Utah insurance companies.

In the above rates, if you currently have coverage with American Family and switched to USAA, you could earn savings of around $226. Insureds with Allied may save as much as $231 a year, and GEICO customers might lower prices by up to $256 a year.

These policy rates are averages for all types of drivers and the different vehicles they drive and and are not calculated with a rate discount for seniors. So the auto insurance company that is best for you may not even be featured in the list of companies shown earlier. That emphasizes why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

The information below shows how choosing a deductible can influence insurance premiums when quoting cheap insurance for seniors. The data is based on a married male driver, comp and collision included, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2275,2079,1861,1653],[‘Age 30’, 1201,1097,975,859],[‘Age 40’, 1151,1057,947,839],[‘Age 50’, 1055,967,867,771],[‘Age 60’, 1035,949,851,755],[‘Age 70’, 1187,1095,991,893]]);var options = {title: ‘Effect of Higher Deductibles on Auto Insurance Rates in Utah’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 40-year-old driver could pocket $188 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $284 by switching to a $1,000 deductible. Younger drivers, like the Age 20 chart data, can save up to $622 or even more by choosing a larger deductible amount.

When insureds make the decision to increase the deductibles on their policy, it is essential to have plenty of money set aside to be able to pay the extra out-of-pocket expense associated with higher deductibles.

Picking the highest-rated insurer can be difficult considering how many different companies there are to choose from in Utah. The information in the lists below may help you analyze which auto insurance companies to look at when comparing rate quotes. These rankings only include companies with a national presence, so companies that focus mainly on Utah business are not factored into the list.

How to find cheap auto insurance for seniors in Utah

Lowering your rates is not difficult, and here are a few thrifty suggestions that can help drivers locate low-cost car insurance.

• Frequent claims may make car insurance unaffordable
• Safer vehicles generally have cheaper insurance rates
• Remove physical damage coverage on older vehicles
• Buying home and auto together can help save money
• Just one traffic violation will increase your rates
• Maintain a safe distance and avoid accidents
• Shop around for cheaper prices often

The last item on the list is remarkably valuable, as was emphasized in this article. Car insurance rates can change considerably in a year, so drivers shouldn’t be resistant to buy a policy from a new company if a lower price can be found. Brand loyalty is not necessarily bad, but it’s not recommended if that loyalty results in overpaying money that could be used for better things. In just a couple of minutes you could compare prices and find cheaper insurance for seniors.

Who has the cheapest insurance quotes for senior citizens?

Drivers have a lot of different ways to find lower-cost car insurance in Utah, but the most preferred methods are through an independent or non-exclusive agent, an exclusive insurance agent such as State Farm or Auto-Owners, or direct online or over the phone from a company like Progressive or Geico. Each way is similar, but it’s important to understand the differences in how they give price quotes.

Independent insurance agents work for many companies and can do rate comparisons with each one. These agents are not limited to a single company and can provide you with more rates, which may provide you with a better overall rate comparison. If your agent finds better pricing, you can get a different policy and you don’t have to switch agencies.

Exclusive agencies are restricted to quoting rates for one company like Liberty Mutual and Allstate agents. Exclusive agents generally are unable to provide rates from more than one company, so if their pricing is high, there is no alternative.

When you buy car insurance direct, you do not use local agents and instead shop direct either online or via phone. Shopping direct is a good choice for consumers who have an average risk profile and have an above average understanding of what coverages they need.

So out of those three methods, which one works best for finding cheap auto insurance for seniors in Utah? Most people would assume that shopping direct results in the best prices because there is no agent involved, but that generally is not the case. A good argument could also be made that going through an independent agent results in the best rates because you have more choices, but again, it’s not a sure thing. And occasionally, the exclusive agents have really good rates that cannot be beaten by either independent or direct companies.

Due to that fact that car insurance uses so many rating variables, the best method to find out which one is cheapest is to compare lots of quotes. We highly recommend getting prices from all three types in order to have enough rates to compare. A great place to start is our list of online companies offering discounts: click here to view.