Who Has the Cheapest Car Insurance Rates for Seniors in Irvine?

The words “economical” and “auto insurance” probably shouldn’t be used in the same sentence, specifically when shopping around for the cheapest car insurance for seniors. Because it’s not cheap, let’s start the ball rolling by going over some situations that determine auto insurance prices, and find out if you can lower the cost of your next policy.

The vehicle model that needs insurance is probably the largest consideration when comparison shopping for the most affordable car insurance for seniors. Vehicles with limited top-end speed, an excellent safety record, or a low likelihood of liability claims will cost significantly less to insure than higher performance models. The information below ranks auto insurance rates for a number of the cheapest vehicles to insure.

Cheapest Vehicles to Insure in Irvine, CA
Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $682
Honda CR-V LX 2WD $690
Honda Accord LX-P 4-Dr Sedan $682
Ford Escape Limited 4WD $740
Toyota Prius $759
Jeep Wrangler Sahara 4WD 2-Dr $763
Ford Edge SEL AWD $789
Toyota RAV4 Limited 4WD $805
Ford Fusion S 4-Dr Sedan $813
Jeep Grand Cherokee Laredo 4WD $805
Toyota Tacoma Double Cab 4WD $815
Dodge Grand Caravan Hero $805
Ford F-150 Lariat Super Cab 2WD $824
Ford Explorer Limited AWD $834
Chevrolet Malibu LT $824
Honda Civic EX 4-Dr Sedan $830
Toyota Corolla LE $847
Chevrolet Impala LTZ $853
Honda Odyssey EX-L W/Rear Entertainment $847
Chevrolet Silverado LT Regular Cab $862
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Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price estimates do not factor in Irvine, CA location which can alter premium rates considerably.

By looking at the data, you can expect makes and models like the Hyundai Elantra, Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius are most likely to be the most affordable vehicles to insure for senior citizens.

Shopping around for low-priced car insurance is not the easiest thing to do, and deciding which company offers the best auto insurance rates for seniors will take even more work.

Each insurance company has a proprietary formula to determine premium rates, so let’s begin by examining the auto insurance companies with the most affordable rates in Irvine. It’s a good idea to be aware that Irvine auto insurance rates are determined by lots of factors that can increase the policy premium. This price variation is why it is critical to shop around when trying to get the most affordable car insurance rates for seniors. Car insurance prices are influenced by many different factors and can decrease or increase without notice, so the cheapest option three years ago may now be an over-priced policy.

Cheapest Insurance Rates for Mature Drivers

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California auto insurance company rankings
Rank Company Cost Per Year
1 USAA $1,121
2 Wawanesa $1,181
3 Century National $1,214
4 CSAA $1,234
5 Nationwide $1,263
6 21st Century $1,379
7 Grange $1,477
8 Allstate $1,497
9 Mercury $1,533
10 Progressive $1,542
11 GEICO $1,559
12 The Hartford $1,575
13 Allied $1,603
14 MetLife $1,638
15 State Farm $1,682
16 Unitrin $1,682
17 Esurance $1,739
18 Bristol West $1,777
19 Travelers $1,842
20 Farmers $2,006
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USAA normally has some of the most affordable car insurance rates in Irvine at around $1,121 a year. This is $530 less than the average premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide would also be considered some of the more affordable Irvine, CA insurance companies.

In the above rates, if you currently have coverage with Century National and switched to USAA, you might achieve an annual savings of in the vicinity of $93. Policyholders with CSAA might save as much as $113 a year, and Nationwide policyholders might lower prices by up to $142 a year.

These rates are averages across all types of insureds and vehicles and and are not calculated with a specific zip code for seniors. So the car insurance company that fits your situation best may not even be in the top 24 companies in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver information and specific vehicle type.

Discounts on Irvine insurance

Auto insurance for senior citizens in Irvine, CAAuto insurance companies that provide policies for seniors may provide price discounts that could potentially reduce rates by as much as 35% if you meet specific criteria. A few popular companies and their offered discounts can be found below.

The diagram below shows the difference between premium costs with and without policy discounts. The data assumes a female driver, no claims or violations, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with vehicle safety, homeowner, safe-driver, defensive driving course, claim-free, and accident-free discounts applied. With discounts applied, theaverage yearly reduction on auto insurance for seniors is 30% or $522.

Liability-only versus full coverage

Finding cheaper auto insurance should be important to most drivers, and an easy way to find cheaper insurance for seniors is to not insure for full coverage. The illustration below illustrates the comparison of insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no violations or accidents, $100 deductibles, marital status is single, and no other discounts are factored in.

If the expense is averaged for all age categories, comp and collision coverage costs $2,525 per year more than insuring for liability only. That proposes the question if full coverage is worth the money. There is no specific rule for excluding full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

There are some conditions where dropping full coverage is not a good idea. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not remove full coverage.

How to find economical insurance for seniors

Below you’ll find a few money-saving ideas that can help Irvine drivers buy cheaper coverage.

That last tip is certainly vital, as was affirmed in this write-up. Prices charged by car insurance companies adjust frequently, so drivers shouldn’t be resistant to change insurance companies if a more affordable rate is found. Many drivers prefer to stick with one company, but it’s not a great idea if that stubbornness costs you lots of hard earned cash every month. Spend a few minutes and compare prices and find cheaper car insurance for seniors in Irvine.

The agents below can provide answers to your questions and help you determine which car insurance company is the best fit, since some drivers aren’t sure which coverage they need and prefer to have professional advice when shopping around for cheaper insurance for seniors. It can be challenging to find the cheapest rates, so getting advice from a licensed California insurance agent can provide satisfaction knowing your coverage gives you suitable coverage if you ever need to use it.

To locate an Irvine auto insurance agent close to you, click the button after the list or click here to compare prices now.

Farmers Insurance: James Lohse
4850 Barranca Pkwy #202Irvine, CA 92604(949) 559-0175

John Luithly – State Farm Insurance Agent
16277 Laguna Canyon Rd FIrvine, CA 92618(949) 727-4442

Lockton Insurance Brokers
19800 MacArthur Blvd #1250Irvine, CA 92612(949) 252-4400

Professional Choice Insurance
2151 Michelson Dr Suite 250Irvine, CA 92612(714) 467-8726

View more Irvine, CA insurance agents