The words “low-priced” and “insurance” really don’t belong together, specifically when looking for the best price on coverage for seniors. Because of the high cost, let’s lead off by showing you some of the factors that influence auto insurance premiums, and see if you can shave a little off the next policy you buy.
Deciphering which company quotes the best auto insurance rates for seniors involves a bit more effort than just quoting one company’s rates. Each company uses their own method to set policy rates, so let’s look at the rankings for the auto insurance companies that tend to have lower prices in Corpus Christi, TX.
It’s a good idea to know that Corpus Christi auto insurance rates are impacted by many things which can significantly increase or decrease the cost of having a policy. Simply improving your credit, moving across town, or getting a speeding ticket may cause policy rate changes that can cause some rates to be cheaper in comparison to the competition.
Find the Cheapest Car Insurance for Mature Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,211 |
| 4 | Germania Mutual | $1,256 |
| 5 | Esurance | $1,421 |
| 6 | California Casualty | $1,424 |
| 7 | State Farm | $1,450 |
| 8 | Mercury | $1,476 |
| 9 | Nationwide | $1,553 |
| 10 | Safe Auto | $1,565 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,718 |
| 13 | Amica | $1,775 |
| 14 | GEICO | $2,072 |
| 15 | Home State | $2,155 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,568 |
| Find Your Rate Go | ||
Travelers normally has some of the best car insurance rates in Corpus Christi at around $1,021 per year. This is $883 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the best Corpus Christi, TX car insurance companies.
As shown in the rates above, if you have coverage with Esurance and switched to USAA, you could earn an annual savings of in the neighborhood of $293. Customers with California Casualty might save as much as $296 a year, and State Farm policyholders might reduce prices by as much as $322 a year.
Remember that these rates are averaged for all ages of drivers and types of vehicles and and are not figured with a specific zip code for seniors. So the car insurance company that is best suited for you may not even be in the top 23 companies in the list above. That’s why you need to compare prices as often as possible using your own specific driver information and vehicle.
The make and model of vehicle that needs insurance is one of the largest factors when trying to find the best auto insurance for seniors. Vehicles with high performance features, poor safety ratings, or a track record of large liability claims will cost significantly more to insure than more economical and safe models.
The data below illustrates car insurance premiums for a selection of the most cost-effective automobiles to insure in Texas.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $683 |
| Jeep Wrangler Sport 4WD 2-Dr | $706 |
| Ford Escape Limited 4WD | $744 |
| Hyundai Elantra SE Touring Station Wagon | $750 |
| Toyota Prius | $761 |
| Dodge Grand Caravan CV | $767 |
| Ford Explorer Eddie Bauer 2WD | $776 |
| Ford Edge SE AWD | $790 |
| Chevrolet Impala LT | $809 |
| Toyota Tacoma Double Cab 4WD | $819 |
| Jeep Grand Cherokee Laredo 2WD | $809 |
| Toyota RAV4 Sport 4WD | $819 |
| Chevrolet Equinox LT 2WD | $809 |
| Ford F-150 Lariat Super Cab 4WD | $826 |
| Toyota Camry SE | $853 |
| Find Cheaper Rates Go | |
Data rating is based on married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rates do not factor in specific zip code location which can increase or decrease coverage rates substantially.
Looking at the rates, you can figure that makes and models like the Honda CR-V, Jeep Wrangler, Ford Escape, and Hyundai Elantra are going to be the most affordable vehicles to insure for senior citizens.
The chart below illustrates how your deductible choice can affect insurance costs when trying to find cheap insurance for seniors. The premiums assume a single female driver, full physical damage coverage, and no other discounts are factored in.
The chart above illustrates that a 30-year-old driver could reduce rates by $468 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $704 by selecting a $1,000 deductible. Young drivers, like the 20-year-old, could roll back prices $1,048 every year by using higher deductibles when buying full coverage.
When insureds make the decision to increase the deductibles on their policy, it will be required to have plenty of money set aside to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Types of discounts on Corpus Christi car insurance rates
Insurance companies that sell policies for seniors may have special discounts that can reduce rates by 35% or more if you qualify. A list of companies and some of the premium reductions they offer are detailed below.
- American Family offers discounts for multi-vehicle, early bird, Steer into Savings, bundled insurance, good student, and TimeAway discount.
- Nationwide may offer discounts for business or organization, defensive driving, good student, anti-theft, Farm Bureau membership, and multi-policy.
- MetLife may include discounts for accident-free, good student, claim-free, multi-policy, and defensive driver.
- 21st Century offers discounts including air bags, defensive driver, theft prevention, teen driver, and early bird.
- Farmers Insurance has savings for switch companies, youthful driver, good student, pay in full, distant student, and teen driver.
- Allstate policyholders can earn discounts including defensive driver, good student, premier discount, safe driver, FullPay discount, anti-lock brakes, and EZ pay plan discount.
The diagram below compares auto insurance rates with and without discounts applied to the policy rates. The rates are based on a female driver, no violations or accidents, Texas state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with safe-driver, claim-free, anti-theft, vehicle safety, accident-free, and multiple vehicle discounts applied. When discounts are factored in, theamount saved on auto insurance for seniors is 30% or $606.
The benefit of shopping around
Corpus Christi, TX auto insurance rates are impacted by many things which can significantly increase or decrease your annual premium. Improving your credit rating, buying a different vehicle, or getting a few speeding tickets can trigger price changes that can cause some rates to be more affordable than the competition. Not only may your situation change, but companies amend pricing as often as every three months to reflect underwriting profits or losses. Unexpectedly high claims can cause more expensive premiums, while a better claims history may cause lower-cost Corpus Christi car insurance rates.
The chart below shows the companies that have the cheapest car insurance in Corpus Christi, TX for a 40-year-old female driver with a clear driving record, no claims, and great credit. If we estimate rates based on her personal risk profile, Travelers might quote the best car insurance rates in Corpus Christi at $1,059 annually. This is $845 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remaining best Corpus Christi, TX auto insurance companies.
In this example, we will give the driver from the first set of rates an accident surcharge, a lower credit rating, and a few blemishes on her driving record. Since each company uses a different method for determining rates in each state, analyzing rate quotes may now result in a different ranking of the cheapest car insurance companies in Corpus Christi as shown below.
State Farm now has the lowest price on auto insurance in Corpus Christi, TX with Mercury, Nationwide, Safe Auto, and USAA also being competitive. This example proves why Corpus Christi drivers need to compare lots of rates when trying to get cheap auto insurance quotes for seniors. Insurance rates are calculated by many factors and can decrease or increase without notice, so the cheapest company when you last compared rates may now not even be in the top five.