Wouldn’t it be great if we could tell you the one company that has the lowest car insurance rates for drivers over age 50? Unfortunately, it’s just not that easy, as there are a whole bunch of unknown aspects such as how far you drive each year, the vehicle you drive, what deductibles to use for physical damage coverage, and what coverage limits you want, that all go into determining the rate you pay. This article should teach you a little about some of these criteria and educate you enough to have a solid foundation to find cheaper car insurance in Long Beach.
Shopping around for low-cost insurance is not always easy, and figuring out which companies offer the lowest-priced car insurance rates for drivers over age 50 will involve even more diligence.
Every insurance company has a different process for determining rates in each state, so let’s take a look at the car insurance companies with the most affordable rates in California. It’s important that you understand Long Beach car insurance rates are impacted by many things that control the price you pay. That is why California drivers need to compare many different companies when trying to get affordable insurance quotes for drivers over age 50. Insurance rates are made up of many risk factors and change substantially, so the lowest-price company six months ago may now be an over-priced policy.
Find the Best Cheap Insurance for Age 50+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,143 |
| 2 | Century National | $1,178 |
| 3 | Wawanesa | $1,192 |
| 4 | CSAA | $1,222 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,433 |
| 8 | Mercury | $1,503 |
| 9 | Allied | $1,541 |
| 10 | Progressive | $1,558 |
| 11 | Allstate | $1,559 |
| 12 | GEICO | $1,559 |
| 13 | The Hartford | $1,575 |
| 14 | MetLife | $1,654 |
| 15 | Unitrin | $1,682 |
| 16 | Esurance | $1,688 |
| 17 | State Farm | $1,750 |
| 18 | Bristol West | $1,795 |
| 19 | Travelers | $1,806 |
| 20 | Farmers | $1,966 |
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USAA may offer some of the most affordable car insurance rates in Long Beach at around $1,143 each year. This is $508 less than the average premium paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide would also be considered some of the lowest-priced Long Beach, CA car insurance companies.
As illustrated above, if you are a policyholder with Nationwide and switched to Century National, you could earn an annual premium reduction of roughly $85. Drivers with 21st Century could save as much as $201 a year, and Grange insureds might see rate reductions of $255 a year.
Be aware that those premiums are averaged across all drivers and vehicles in California and and are not calculated with a specific zip code for drivers over age 50. So the insurer that is most affordable for your situation may not even be in the top 24 companies in the list above. That illustrates why you need to quote rates from many companies using your own personal information and vehicle type.
One of the more important factors that determine the cost of insurance is where your residence is in Long Beach. More densely populated places are more likely to pay higher prices, whereas areas with less people or fewer weather incidents benefit from lower prices.
The information below sorts the most expensive places in California for drivers over age 50 to buy an auto insurance policy in. Long Beach ranks #9 having an annual price of $1,562 for the average policyholder, which is approximately $130 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Glendale | $2,121 |
| 2 | Los Angeles | $2,083 |
| 3 | Oakland | $1,704 |
| 4 | San Francisco | $1,693 |
| 5 | Sacramento | $1,669 |
| 6 | Stockton | $1,603 |
| 7 | Fontana | $1,581 |
| 8 | San Bernardino | $1,580 |
| 9 | Long Beach | $1,562 |
| 10 | Santa Clarita | $1,548 |
| 11 | Riverside | $1,542 |
| 12 | Moreno Valley | $1,536 |
| 13 | Modesto | $1,532 |
| 14 | Fresno | $1,517 |
| 15 | Garden Grove | $1,508 |
| 16 | Santa Ana | $1,497 |
| 17 | Anaheim | $1,444 |
| 18 | San Jose | $1,423 |
| 19 | Huntington Beach | $1,402 |
| 20 | Irvine | $1,384 |
| 21 | Bakersfield | $1,381 |
| 22 | Fremont | $1,361 |
| 23 | Chula Vista | $1,350 |
| 24 | Oxnard | $1,344 |
| 25 | San Diego | $1,327 |
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Rate quotes are comparative as the specific area where the vehicle is garaged can impact coverage rates substantially.
How careless driving impacts Long Beach car insurance rates
One of the best ways to obtain the most affordable car insurance prices for older drivers is to drive carefully and avoid at-fault accidents and violations. The example below illustrates how traffic citations and fender-benders can impact annual premium costs for different age groups. Data assumes a married female driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of auto insurance in Long Beach per year with no accidents and a clean driving record is $1,948. Factor in two speeding tickets and the average cost swells to $2,776, an increase of $828 each year. Now add two accidents along with the two speeding tickets and the yearly cost of car insurance for drivers over age 50 jumps again to an average of $5,713. That’s an increase of $3,765, or $314 per month, just for a couple of infractions!
Get discount Long Beach auto insurance rates
Insurers that sell policies for drivers over age 50 may also give you premium discounts that could reduce prices by as much as 35% if you meet specific eligibility requirements. A list of car insurance companies and a selection of discounts can be found below.
- State Farm may offer discounts for defensive driving training, multiple policy, Steer Clear safe driver discount, safe vehicle, good student, and anti-theft.
- GEICO policyholders can earn discounts including military active duty, defensive driver, daytime running lights, emergency military deployment, membership and employees, and seat belt use.
- Liberty Mutual has savings for good student, multi-car, teen driver discount, safety features, preferred payment discount, new move discount, and exclusive group savings.
- The Hartford offers discounts for anti-theft, bundle, good student, air bag, driver training, vehicle fuel type, and defensive driver.
- MetLife discounts include claim-free, multi-policy, defensive driver, accident-free, good student, and good driver.
- Progressive may have discounts that include homeowner, online quote discount, multi-policy, continuous coverage, multi-vehicle, and good student.
The illustration below compares insurance premiums with and without discounts applied to the policy rates. Data assumes a female driver, no claims, a clean driving record, California state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with claim-free, safe-driver, anti-theft, passive restraint, homeowner, and multiple policy discounts applied. When discounts are applied, theamount saved on car insurance for drivers over age 50 is 29% or $857.
The importance of shopping around
Long Beach car insurance rates are determined by lots of factors which can significantly increase or decrease the cost of your policy. Simply improving your credit, marrying your spouse, or getting a ticket for running a stop sign may generate price changes that can cause some rates to be more affordable than others. Not only may things change on your end, but insurers change rates without warning as an adjustment for underwriting gains or losses. A period of increased losses may cause price increases, while a profitable period may cause lower-priced Long Beach car insurance rates.
For instance, the data below shows a variety of companies that have the cheapest car insurance in Long Beach, CA for a 35-year-old female driver with no violations or accidents, and good credit. When quoting prices based on her current situation, USAA may have the best car insurance rates in Long Beach at $1,390 annually. This is $261 less than the average rate paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide are the remaining cheapest Long Beach, CA auto insurance companies.
The example below compares rates after we give the driver in the first example a claim or two, less-than-perfect credit, and a few traffic violations. Since every insurance provider uses a different method for setting rates, analyzing rate quotes may now present a slightly different list of affordable Long Beach car insurance companies as shown below.
Grange now has the lowest price on auto insurance in Long Beach, CA with Allstate, Mercury, Allied, and Progressive also being competitive. This illustrates why drivers need to perform an extensive rate comparison to get the cheapest car insurance quotes for drivers over age 50.
Prices are calculated by many risk factors and change frequently, so the most affordable company the last time you shopped around may now be one of the more expensive options.