Best Cheap Auto Insurance for Drivers Over Age 70 in Florida

One of the more important considerations that insurance companies take into consideration when calculating the cost of insurance is your zip code in Florida. More densely populated places like Hialeah, Miami, and Miramar tend to pay slightly more, whereas more rural areas have the enjoyment of a little cheaper coverage.

The next table shows the most expensive cities in Florida for drivers over age 70 to purchase auto insurance in.

Premium amounts are approximated as the vehicle garaging location can lower or raise premiums substantially.

The cost and performance of the vehicle needing coverage is one of the largest considerations when comparing quotes for the best cheap car insurance for drivers over age 70 in Florida. Vehicles with limited speed and performance, good safety features, or a track record of few liability claims will cost quite a bit less to insure than high performance models.

The information below features car insurance premiums for the most economical vehicles to insure in Florida.

Prices based on single female driver age 70, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in vehicle garaging location which can modify rates noticeably.

Premium data assumes single female driver age 70, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can alter coverage rates considerably.

Price data assumes single female driver age 70, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Information does not factor in garaging location in Florida which can alter premiums noticeably.

The chart below illustrates how your deductible choice can affect insurance costs when researching cheap insurance for drivers over age 70. The information is based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.

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In the chart above, a 40-year-old driver could pocket $476 a year by increasing from a $100 deductible to a $500 deductible, or save $720 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could possibly save up to $1,582 each year by choosing a higher deductible.

When choosing a higher deductible, it will now be necessary to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

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

If you are looking for the best car insurance for older drivers in Florida, the companies that insure more vehicles than anyone else are Progressive, Allstate, Geico, and State Farm. When combined, they insure over 45% of all auto insurance policies in force. All of them have different features and discounts that may affect your buying decision. The next table compares ratings for price, service, and claims, in additional to some of the optional coverages shoppers can expect to find with each one.

Cheap insurance quotes for older drivers

There are many different ways to get cheap auto insurance quotes in Florida, but the most preferred are through an independent agent, an exclusive insurance agency like Liberty Mutual or Allstate, or direct from companies such as Geico or Progressive. All three ways are similar, but it’s important to understand the differences in how they price policies.

Independent insurance agents are appointed by several companies and can provide price quotes from all of them. These types of agencies have the freedom to quote rates with many companies, which can give you a better chance of saving money. If premiums increase, the business is moved internally and you don’t have to switch agencies.

A captive, or exclusive, agent is usually restricted to just one company like Farmers Insurance or State Farm agents. Exclusive agents generally are unable to provide a range of price quotes, so if their pricing is high, there is no alternative.

Choosing to buy auto insurance direct means you skip a local insurance agent and instead buy direct from companies such as Progressive or Geico. Shopping for auto insurance direct may be good for people who do not need complex risk management and have a good understanding of what specific coverages and deductibles they need.

So which method is best for finding the best cheap car insurance for drivers over age 70 in Florida? The obvious answer would be shopping direct yields the cheapest rates because there are no middleman commissions, but that is not always the case. It would also be easy to say going through an independent agent guarantees the lowest rates because they can quote many companies, but that idea is not necessarily true either. And sometimes, exclusive agencies may have very competitive prices that independents and direct companies can’t touch.

Because there are so many factors that make up auto insurance rates, the one way to ensure you are not overpaying for auto insurance is to get as many comparison quotes as possible. Experts recommend getting rate quotes from independent agents, exclusive agents, and direct companies to have enough rates to compare. We compiled a list of companies with some of the cheapest online rates that you can click here to view.