Who Has the Cheapest Auto Insurance for Drivers Over Age 60 in Florida?

For Florida drivers, one of the factors that affect the cost of insurance is the neighborhood you call home. Areas that are more densely populated like Hialeah, Miami, and West Palm Beach tend to have more expensive car insurance rates, whereas cities that are not as densely populated can boast about having cheaper rates.

The illustration below ranks the most expensive cities in Florida for drivers over age 60 to buy car insurance in.

Rate information is estimated as the garaging address in Florida can alter price quotes substantially.

The car, truck, or SUV driven is one of the biggest factors when comparison shopping for the cheapest car insurance for drivers over age 60 in Florida. Vehicles with high performance, a lack of safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer, lower-performance models.

The table below showcases coverage costs for a number of the most cost-effective automobiles to buy coverage for.

Premium data assumes married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Table data does not factor in specific location which can revise price quotes noticeably.

Based upon these rates, makes and models like the Hyundai Elantra, Honda CR-V, Chevrolet Traverse, and Ford Escape are going to be the most affordable vehicles to insure for older drivers.

Deciphering which company quotes the most affordable car insurance rates for drivers over age 60 calls for more work in order to find a policy that fits your budget. Every insurance company uses a different method for determining rates, so let’s take a look at the car insurance companies with the overall best prices in Florida.

It’s important to understand that Florida car insurance rates are influenced by many factors which can substantially change the price you have to pay. Turning one year older, getting married, or getting a reckless driving citation can cause premium changes that may make certain companies cheaper than before.

Find the Best Cheap Insurance for Age 60+

Compare Rates Now

USAA quotes some of the lowest car insurance rates in Florida at around $948 each year. Amica, Electric, Progressive, and Travelers also rank well as some of the more affordable Florida insurance companies.

As the example above demonstrates, if you are a customer of Travelers and switched to Amica, you might achieve an annual savings of around $157. Insureds with Mercury may save as much as $280 a year, and Allied policyholders might reduce rates by $292 a year.

To get a quick, customized rate comparison, click here or visit any of the companies below.

Bear in mind that those policy prices are averaged for all drivers and vehicles in Florida and and are not figured with a rate decrease for drivers over age 60. So the car insurance company that is best suited for you may not even be featured in the company chart above. That is why you need to get auto insurance quotes using your own personal information and vehicle type.

Discounts on the cheapest car insurance for drivers over age 60 in Florida

Insurance providers that offer coverage for drivers over age 60 may also give you special discounts that can reduce rates by as much as 30% if you qualify. Companies and the discounts they provide can be found below.

• State Farm may include discounts for accident-free, good student, good driver, Drive Safe & Save, multiple policy, safe vehicle, and anti-theft.
• Liberty Mutual may offer discounts for newly married, new vehicle discount, exclusive group savings, new graduate, good student, and multi-policy.
• American Family offers premium reductions for air bags, mySafetyValet, accident-free, defensive driver, TimeAway discount, multi-vehicle, and bundled insurance.
• Progressive offers discounts for homeowner, multi-policy, online signing, good student, online quote discount, multi-vehicle, and continuous coverage.
• Farmers Insurance includes discounts for homeowner, switch companies, good student, pay in full, early shopping, bundle discounts, and multi-car.
• Auto-Owners Insurance discounts include multi-policy, company car, air bags, good student, mature driver, student away at school, and multiple vehicles.
• SAFECO policyholders can earn discounts including bundle discounts, anti-lock brakes, multi-car, anti-theft, and teen safe driver.

The chart below visualizes the comparison of yearly insurance costs with and without discounts applied. The rate quotes are based on a male driver, no accidents, no driving violations, Florida state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, marriage, passive restraint, multiple vehicle, defensive driving course, and homeowner discounts applied. With discounts applied, the the average amount saved on car insurance for drivers over age 60 is 30% or $705.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 4089,1341],[‘Age 30’, 2123,2943],[‘Age 40’, 2105,1545],[‘Age 50’, 1911,1527],[‘Age 60’, 1847,1385],[‘Age 70’, 2237,1341]]);var options = {title: ‘Effect of Discounts on Insurance Rates for Drivers Over Age 60’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Florida’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

How to find the cheapest car insurance for drivers over age 60 in Florida

The list below details some of the better thrifty solutions that can help Florida drivers buy lower-cost coverage.

• Avoid accidents and claims
• Pay less by remaining claim-free
• Increase your physical damage deductibles
• Older vehicles may not need full coverage
• Serious violations like DUI or careless driving can make car insurance unaffordable
• Shop your coverage around for the best deal

The last suggestion is incredibly crucial, as was emphasized in the prior article. Prices charged by companies in Florida can change in a short period of time, so don’t be afraid to buy from a new company if a lower price can be found.

Staying with the same company for years is fine, but we do not recommend it if that dedication is costing potentially thousands of dollars a year. It only takes a couple minutes to shop around to find cheaper auto insurance for drivers over age 60.