The car, truck, or SUV you are buying coverage for is a large consideration when consumers are trying to find affordable insurance for drivers over age 60. Vehicles with higher performance characteristics, poor safety ratings, or a history of substantial liability claims will cost much more to insure than safer, lower-performance models.
The list below illustrates car insurance prices for a selection of the most economical automobiles to buy insurance for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,107 |
| Honda Accord LX-P 4-Dr Sedan | $1,117 |
| Honda CR-V LX 4WD | $1,107 |
| Ford Escape XLT 2WD | $1,117 |
| Toyota Prius | $1,221 |
| Chevrolet Impala LS | $1,284 |
| Ford Focus SE 4-Dr Sedan | $1,290 |
| Toyota Camry LE | $1,306 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,313 |
| GMC Sierra SLE Crew Cab 2WD | $1,306 |
| Chevrolet Equinox LT 2WD | $1,311 |
| Toyota RAV4 Limited 4WD | $1,306 |
| Ford F-150 FX2 2WD | $1,330 |
| Dodge Grand Caravan SXT | $1,339 |
| Toyota Tacoma Double Cab 4WD | $1,330 |
| Ford Explorer Eddie Bauer 4WD | $1,338 |
| Honda Civic LX-S 4-Dr Sedan | $1,354 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,359 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,376 |
| Ford Edge Sport AWD | $1,381 |
| Honda Odyssey EX-L | $1,376 |
| Toyota Corolla XRS | $1,400 |
| Chevrolet Silverado LTZ Crew Cab 4WD | $1,405 |
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Data based on single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in vehicle location which can increase or decrease auto insurance rates significantly.
Looking at the numbers, you can expect cars like the Hyundai Elantra, Honda Accord, Honda CR-V, and Ford Escape are likely to be some of the most budget-friendly vehicles to insure for older drivers.
Finding reliable, budget car insurance is tough enough, and finding out which company quotes the best car insurance rates for drivers over age 60 will take additional perseverance. Each insurance company uses their own formula for determining rates, so first let’s look at the rankings for the overall cheapest car insurance companies in Long Beach, CA.
It’s important that you understand Long Beach, CA car insurance rates are impacted by many factors which can significantly increase or decrease the price you pay. Price variation is why consumers need to perform a complete rate comparison when trying to find affordable car insurance rates for drivers over age 60. Rates are made up of many things and change frequently, so the most affordable company the last time you compared rates may now be wasting a lot of money.
Find the Cheapest Auto Insurance for Age 60+
USAA quotes some of the cheapest car insurance rates in Long Beach at around $1,109 annually. Wawanesa, CSAA, Century National, and Nationwide would also make the list of some of the more affordable Long Beach, CA car insurance companies.
In the above example, if you currently have coverage with Century National and switched to USAA, you may realize annual savings of approximately $117. Drivers with Nationwide could save as much as $141 a year, and 21st Century customers might cut rates by $229 a year.
To find the cheapest coverage for you, click here to start your free quote or visit any of the companies below.
Bear in mind that those premium estimates are averaged across all types of insureds and vehicles and and are not figured with a specific zip code for drivers over age 60. So the auto insurance company that fits you best may not even be in the list above. That helps illustrate why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
One of the more important factors that are looked at to determine the amount you pay each year for auto insurance is where your residence is in Long Beach. More densely populated places tend to have more expensive car insurance rates, whereas areas that tend to be more rural get the luxury of paying less.
The next table shows the most expensive places in California for drivers over age 60 to buy car insurance in. Long Beach is ranked #7 with a yearly premium of $1,610 for the average insured, which is approximately $134 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Los Angeles | $2,104 |
| 2 | Glendale | $2,079 |
| 3 | Oakland | $1,755 |
| 4 | San Francisco | $1,693 |
| 5 | Sacramento | $1,669 |
| 6 | San Bernardino | $1,628 |
| 7 | Long Beach | $1,610 |
| 8 | Stockton | $1,603 |
| 9 | Santa Clarita | $1,595 |
| 10 | Garden Grove | $1,554 |
| 11 | Moreno Valley | $1,536 |
| 12 | Fontana | $1,535 |
| 13 | Riverside | $1,527 |
| 14 | Modesto | $1,487 |
| 15 | Fresno | $1,457 |
| 16 | Santa Ana | $1,453 |
| 17 | San Jose | $1,437 |
| 18 | Anaheim | $1,430 |
| 19 | Huntington Beach | $1,416 |
| 20 | Fremont | $1,389 |
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Rate quotes are comparative as the garaging address in Long Beach can increase or decrease coverage prices noticeably.
Full coverage rates compared to liability only
Saving money when shopping for car insurance is probably important to the majority of people, and one way to pay lower rates for insurance for drivers over age 60 is to only buy liability coverage. The chart below shows the difference between annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The premiums are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are applied to the premium.
If all age groups are averaged, physical damage insurance costs an extra $3,385 per year more than just insuring for liability. Many drivers may wonder if you should buy full coverage. There is no specific rule to drop full coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after you pay the deductible. If premium cost is more than $400 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.
There are some circumstances where dropping physical damage coverage is not recommended. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should maintain full coverage.
Insuring your vehicle with the best auto insurance company can be rather challenging considering how many choices drivers have in Long Beach. The company rank data in the lists below may help you pick which insurers you want to consider when insurance shopping for drivers over age 60.
These ratings only include the companies with a significant amount of written premium nationwide, so smaller companies are not included in this list. If you’d like to compare prices from these and other companies in California, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| AAA of Southern California | 91 | 94 | 97 | 92% | A+ | 94.1 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
The diagram below highlights how deductible selection can change yearly insurance costs when quoting cheap insurance for drivers over age 60. The premium estimates are based on a single male driver, full coverage, and no discounts are factored in.
The data above shows that a 50-year-old driver could lower their policy premium by $492 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $738 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old, could roll back prices up to $1,640 annually just by choosing higher deductibles.
When increasing deductibles, it is a good idea to have enough savings set aside to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Here’s why you should compare rates often
California car insurance rates are based on many factors that will increase or decrease the price you have to pay. Simply having a birthday, filing a claim, or getting a driving violation may prompt premium changes resulting in some companies being cheaper than others.
In addition, insurers change rates as often as every quarter in order to protect their financial rating. Heavier than normal losses may result in additional price hikes, while a lower level of claims may cause more affordable Long Beach car insurance rates.
For instance, the graph below analyzes the cheapest car insurance in Long Beach, CA for a 35-year-old female driver with a good driving record, no prior claims, and good financial standing. If we compare prices based on her current risk factors, USAA may have the lowest car insurance rates in Long Beach at $1,346 a year. This is $305 less than the average premium paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide are also included in the cheapest Long Beach, CA auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates an accident claim, slightly worse credit, and a few traffic violations. Because each company has a unique formula to set their prices, comparing insurance quotes may now show a substantially altered list of affordable Long Beach car insurance companies as shown below.
Grange now has the best insurance rate in Long Beach with Progressive, Allstate, Mercury, and GEICO also being competitive. This example shows why consumers need to take the time to compare many different companies when trying to find the most affordable auto insurance quotes for drivers over age 60. Insurance prices can be determined by many things and can decrease or increase without notice, so the cheapest option the last time you shopped around may now be wasting a lot of money.