Cheapest Car Insurance for Drivers Over Age 60 in Mississippi

The words “cheap” and “insurance” probably shouldn’t be used in the same sentence, in particular when shopping around for the lowest insurance prices for drivers over age 60. To save some money, let’s lead off by showing you some of the things that have an impact on insurance rates, and find out if you can lower the price of the next policy you buy.

For Mississippi drivers, one of the factors that auto insurance companies use when figuring the amount you pay for auto insurance is where you call home in Mississippi. Areas with high crime rates or more dense population like Natchez, Gulfport, and Clarksdale tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.

The information below illustrates the most expensive places in Mississippi for drivers over age 60 to buy car insurance in.

Premium amounts are approximated as vehicle location can affect rates greatly.

Locating budget car insurance is easier said than done, and determining which companies have the cheapest insurance rates for drivers over age 60 will take additional perseverance. Prices will more than likely be slightly cheaper than the state average, with the decrease attributed to the potential for less claims that comes with selling insurance for older drivers. Competitive coverage should be obtainable from a lot of different insurance providers.
Each insurance company has their own unique process to set their prices, so first let’s look at the rankings for the insurance companies with the overall best prices in Mississippi.

It’s a good idea to know that Mississippi insurance rates are calculated based on many things that control the policy price. This price variability is why it is critical to take the time to shop around to find the most budget-friendly car insurance quotes for drivers over age 60. Insurance rates can be determined by many risk factors and can change substantially, so the best option three years ago may now be quite expensive.

Find the Cheapest Auto Insurance for Age 60+

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USAA quotes some of the most affordable car insurance rates in Mississippi at around $807 per year. Travelers, Unitrin, Direct General, and ALFA also qualify as some of the most economical Mississippi insurance companies.

As shown in the table above, if you buy coverage from ALFA and switched to Travelers, you may realize a yearly savings of approxmiately $371. Drivers with Safeway may save as much as $395 a year, and Southern Farm Bureau insureds might reduce rates by $416 a year.

To discover how much you can save, click here to start your free quote or visit any of the companies below.

Be aware that those rates are averaged for all drivers and vehicles in Mississippi and are not factoring in a price discount for drivers over age 60. So the car insurance company that fits your situation best may not even be shown in the list above. That’s why you need to compare rates from multiple companies using your own specific driver information and vehicle.

The diagram below highlights how deductible selection can raise or lower premium costs when trying to find cheap insurance for drivers over age 60. The premiums assume a married female driver, full coverage, and no discounts are applied to the premium.

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A 40-year-old driver could pocket $296 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $446 by changing to a $1,000 deductible. Young drivers, like the 20-year-old example, could potentially save $736 annually by using a higher deductible.

If you make the decision to raise deductibles, it is necessary to have plenty of money set aside to offset the extra out-of-pocket expense associated with higher deductibles.

Picking the best company can be challenging considering how many different companies there are to choose from in Mississippi. The information in the next section may help you select which insurers you want to consider purchasing coverage from.

These ratings only include insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Mississippi or surrounding areas are not included in this list. To get rate quotes and find the cheapest rates for drivers over age 60, click this link.

Top 10 Large Auto Insurers Overall in Mississippi

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

Geico, Progressive, Allstate, and State Farm compared

When comparing rates for auto insurance for older drivers, four companies to definitely compare rates with are Geico, Progressive, Allstate, and State Farm. The next table points out pricing and service ratings, plus some optional coverages you can expect with each one.

Best cheap insurance quotes for older drivers

There are quite a few ways to quote insurance rates in Mississippi, but the most preferred methods are through a non-exclusive or independent agent, a captive (or exclusive) agent such as Allstate or State Farm, or buying direct from a company like Progressive or Geico. They all have the same end result, but buyers should know the differences in how they provide rate quotes.

Independent agents have contracts with multiple insurance companies and can provide price quotes from every one. These types of agencies are not restricted to one company and can get prices from more than one company, which may provide you with better odds of saving money. If they quote lower rates, it’s easy for the agent to move the policy and you stay with the same agent.

An agent who is captive is only able to place business with one company, two of the more popular are an Allstate or Liberty Mutual agent. These agents normally cannot shop your coverage around, so if their pricing is high, there is no alternative.

Buying from a direct company means skip either of the other two types of agents and instead shop direct from companies such as Progressive or Esurance. Buying insurance direct is a good choice for drivers who have an average risk profile and understand the limitations of insurance.

So which of the methods works best to buy the cheapest car insurance for drivers over age 60 in Mississippi? We’d like to say shopping direct saves the most money because there are no middleman commissions, but unfortunately, it’s not that simple. An argument could also be made that using an independent agent is the best way to save due to having more companies to select from, but again, that’s not accurate. In many cases, the exclusive agents have very competitive rates that cannot be met by either independent or direct companies.

Since insurance rates vary so much, the only real way to not overpay for insurance is to obtain price quotes and compare them. In a perfect world, youll get quotes from all three types to have the best rate selection. We compiled a list of companies with some of the cheapest online rates that you can click here to view.