Trying to buy cheap auto insurance is confusing at best, and determining which companies have the cheapest auto insurance rates for drivers over age 70 may require additional perseverance. Every insurance provider uses a different method to determine rates, so first we will examine the most competitive auto insurance companies in Corpus Christi, TX.
Keep in mind that Corpus Christi, TX auto insurance rates are impacted by many things which can substantially change the price you pay. Price variation is why consumers need to compare lots of rates when trying to get affordable auto insurance rates for drivers over age 70. Auto insurance prices are influenced by many different factors and change frequently, so the most economical option a year ago may now cost much more than other companies.
Best Auto Insurance Prices for Age 70+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,041 |
| 2 | USAA | $1,117 |
| 3 | Texas Farm Bureau | $1,247 |
| 4 | Germania Mutual | $1,282 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,424 |
| 7 | Mercury | $1,461 |
| 8 | State Farm | $1,510 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,597 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,667 |
| 13 | Amica | $1,757 |
| 14 | Home State | $2,071 |
| 15 | GEICO | $2,072 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,255 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,396 |
| 20 | Titan | $2,646 |
| Find Your Rate Go | ||
Travelers may have some of the lowest car insurance rates in Corpus Christi at around $1,041 per year. This is $863 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the most economical Corpus Christi, TX auto insurance companies.
As the example above demonstrates, if you currently have coverage with Germania Mutual and switched to USAA, you could see an annual premium reduction of roughly $165. Drivers with Esurance could save as much as $262 a year, and California Casualty customers might reduce rates by $307 a year.
To see how much you can save, click here to get quotes or feel free to get quotes from the companies below.
Understand that those premiums are averages for all types of drivers and the different vehicles they drive and do not factor in an exact zip code location for drivers over age 70. So the company that has the cheapest price for you may not even be in the top 23 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own individual information.
For older drivers, one of the big criteria that are used to help calculate insurance cost is where you live in Corpus Christi. Cities with larger populations will most likely have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.
The table below ranks the most expensive places in Texas for drivers over age 70 to purchase auto insurance in. Corpus Christi comes in at #19 with an annual rate of $1,620 for the average insurance policy, which is approximately $135 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $2,016 |
| 2 | Dallas | $1,893 |
| 3 | Houston | $1,853 |
| 4 | Brownsville | $1,851 |
| 5 | Laredo | $1,851 |
| 6 | Garland | $1,832 |
| 7 | Pasadena | $1,812 |
| 8 | Amarillo | $1,804 |
| 9 | Irving | $1,772 |
| 10 | Mesquite | $1,771 |
| 11 | Grand Prairie | $1,757 |
| 12 | Beaumont | $1,754 |
| 13 | San Antonio | $1,722 |
| 14 | Lubbock | $1,665 |
| 15 | Carrollton | $1,647 |
| 16 | Arlington | $1,642 |
| 17 | Austin | $1,627 |
| 18 | Fort Worth | $1,621 |
| 19 | Corpus Christi | $1,620 |
| 20 | McKinney | $1,609 |
| 21 | Plano | $1,576 |
| 22 | El Paso | $1,568 |
| 23 | Waco | $1,522 |
| 24 | Abilene | $1,499 |
| 25 | Killeen | $1,488 |
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Rate quotes are comparative as zip code location can affect insurance rates substantially.
Do you need full coverage?
Reducing the cost of auto insurance should be important to most people, and a good way to save on the cost of insurance for drivers over age 70 is to not buy comprehensive and collision coverage. The diagram below visualizes the comparison of insurance costs with full coverage and liability only. The data assumes no accidents, no driving violations, $100 deductibles, single status, and no discounts are applied to the premium.
If all age groups are averaged, physical damage coverage on your policy costs an extra $2,181 per year over having just liability coverage. That is a large expense which might make you wonder when is it safe to stop buying full coverage. There is no definitive formula of when to exclude physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
The chart below shows how different deductible levels can affect yearly insurance costs when getting quotes for cheap insurance for drivers over age 70. The prices are based on a single male driver, full physical damage coverage, and no discounts are factored in.
A 50-year-old driver could lower their car insurance rates by $314 a year by changing from a $100 deductible to a $500 deductible, or save $472 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could reduce their rates $1,026 annually just by using higher deductibles. If you make the decision to raise deductibles, it is essential to have plenty of discretionary funds to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Low rates can quickly become overpriced
Corpus Christi, TX auto insurance rates are based on many factors that control the price you pay for coverage. Improving your credit score, having a teenage driver, or getting a speeding ticket may generate price changes that may make certain companies more affordable than others.
In addition, insurers change rates at least once a year to help ensure profitability. An unexpected high level of claims can result in higher rates, while less frequent claims may cause lower-priced Corpus Christi car insurance rates.
For example, the data below shows which company has the cheapest car insurance in Corpus Christi, TX for a 40-year-old male driver with no accidents, a clean driving record, and solid credit. When quoting prices based on his current rating profile, Travelers has the lowest car insurance rates in Corpus Christi at $1,078 annually. This is $826 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the most affordable Corpus Christi, TX auto insurance companies.
Now let’s give the driver from the above example a claim, slightly worse credit, and an imperfect driving record. Because each company has their own unique process to set their prices, analyzing rates could now result in a different ranking of the cheapest car insurance companies in Corpus Christi as shown below.
State Farm now has the best insurance rate in Corpus Christi with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This example demonstrates why consumers need to take the time to compare as many rates as possible when trying to get the cheapest insurance rates for drivers over age 70.
Insurance prices are calculated by many different factors and can change substantially, so the most affordable company two years ago may now be one of the more expensive options.
The auto insurance agents in Corpus Christi shown below can provide answers to your questions and help you determine which coverages and limits you need, as some drivers wish to have a consultation when shopping for the best coverage for drivers over age 70. It’s not always simple to find the cheapest car insurance policy, and agents can provide comfort knowing you have suitable coverage if you have an accident. To locate an agency nearest to you, click the button at the bottom or click here to compare price quotes.
- Allstate Insurance: Jill Reed
4411 S Alameda St a – Corpus Christi, TX 78412 – (361) 452-8055 - Larry Watson – State Farm Insurance Agent
6210 Wooldridge Rd b – Corpus Christi, TX 78414 – (361) 993-6787 - Mc Kenzie and Shell Insurance
4444 Corona Dr # 103 – Corpus Christi, TX 78411 – (361) 854-3046
View more Corpus Christi, TX insurance agents
How to find low-cost insurance for drivers over age 70
It is possible to find better rates, and here are a few penny-pinching ideas that can help you buy cheaper coverage.
- Buying car and homeowners insurance together can save money
- Speeding tickets and other violations increase rates
- Pay less by remaining claim-free
- Raise comprehensive and collision coverage deductibles
- Clean up your credit
- At-fault accidents can raise rates significantly
- Compare rate quotes often
The last tip is highly significant, as we emphasized in the prior article. Car insurance rates go up and down frequently, so don’t be afraid to switch to a new company if you can save money. Staying with the same company for years is fine, but it’s not recommended if that devotion results in you overpaying a lot of money every month. Now is a great time to compare prices to find cheaper car insurance for drivers over age 70 in Corpus Christi.