The words “economical” and “auto insurance” probably shouldn’t be used together, in particular when you are looking for the best car insurance for drivers over age 60. Because it’s not cheap, let’s go over a few of the things that influence car insurance prices, and see if you can lower the cost of your next policy.
The car, truck, or SUV that needs insurance is one of the largest considerations when consumers are trying to find the most affordable insurance for drivers over age 60. Vehicles with lower performance, advanced safety features, or low incidents of liability claims will cost less to insure than higher performance models. The information below illustrates coverage rates for some of the most affordable vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,538 |
| Honda CR-V EX-L 4WD | $1,576 |
| Ford Escape Limited 4WD | $1,670 |
| Ford F-150 STX Regular Cab 2WD | $1,686 |
| Toyota Prius | $1,708 |
| Ford Explorer XLT 2WD | $1,724 |
| Toyota Tacoma 2WD | $1,780 |
| Ford Focus S 4-Dr Sedan | $1,790 |
| Chevrolet Equinox LT 2WD | $1,818 |
| Jeep Grand Cherokee Laredo 2WD | $1,826 |
| Chevrolet Malibu Hybrid | $1,818 |
| Toyota RAV4 Sport 2WD | $1,828 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,818 |
| Dodge Grand Caravan SXT | $1,856 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,871 |
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Cost estimates assume married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Information does not factor in your specific Henderson, NV location which can alter insurance rates greatly.
Based upon the rates shown, we can expect vehicles like the Hyundai Elantra, Honda CR-V, Ford Escape, Ford F-150, and Toyota Prius are most likely to be a few of the cheaper vehicles to insure for older drivers.
For older drivers, one of the big factors that help determine the amount you pay for auto insurance is where you choose to live in Henderson. More populated areas tend to pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower prices.
The illustration below sorts the highest-priced places in Nevada for drivers over age 60 to buy car insurance in. Henderson ranks #8 with the annual price of $1,697 for the average policy, which is approximately $141 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Winchester | $2,094 |
| 2 | Sunrise Manor | $2,069 |
| 3 | Paradise | $2,061 |
| 4 | Spring Valley | $2,060 |
| 5 | Las Vegas | $1,949 |
| 6 | Enterprise | $1,870 |
| 7 | North Las Vegas | $1,826 |
| 8 | Henderson | $1,697 |
| 9 | Boulder City | $1,541 |
| 10 | Pahrump | $1,377 |
| 11 | Mesquite | $1,311 |
| 12 | Spanish Springs | $1,266 |
| 13 | Sun Valley | $1,266 |
| 14 | Sparks | $1,265 |
| 15 | Reno | $1,244 |
| 16 | Carson City | $1,136 |
| 17 | Dayton | $1,130 |
| 18 | Fernley | $1,115 |
| 19 | Spring Creek | $1,114 |
| 20 | Fallon | $1,108 |
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Information shown are comparative as the specific Henderson residence address can increase or decrease premium rates noticeably.
The diagram below shows how different deductible levels can increase or decrease annual premium costs when researching cheap insurance for drivers over age 60. The rates are based on a single male driver, comp and collision included, and no additional discounts are factored in.
The chart above illustrates that a 40-year-old driver could cut expenses by $344 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $516 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, could potentially save up to $1,144 each year by using a higher deductible.
When raising deductibles, it is necessary to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
How to get discounts on Henderson car insurance
Insurance providers that offer quotes for drivers over age 60 may also offer discounts that can lower rates by 40% or more if you qualify. Larger insurance companies and the discounts they provide are outlined below.
- GEICO policyholders can earn discounts including multi-policy, five-year accident-free, military active duty, emergency military deployment, membership and employees, and seat belt use.
- USAA may include discounts for military installation, defensive driver, safe driver, multi-vehicle, and new vehicle.
- Progressive discounts include homeowner, online quote discount, online signing, continuous coverage, and multi-vehicle.
- American Family offers discounts for good student, Steer into Savings, early bird, bundled insurance, air bags, mySafetyValet, and accident-free.
- Esurance has savings for DriveSense, emergency road assistance, homeowner, multi-car, good student, and online quote.
- Farmers Insurance offers premium reductions for alternative fuel, teen driver, multi-car, good student, early shopping, youthful driver, and homeowner.
- State Farm has discounts for accident-free, student away at school, defensive driving training, Drive Safe & Save, anti-theft, good driver, and safe vehicle.
The example below visualizes the comparison of yearly insurance costs with and without discounts applied to the premium. The prices are based on a male driver, no tickets, no at-fault accidents, Nevada state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with vehicle safety, accident-free, anti-theft, multiple vehicle, claim-free, and multiple policy discounts applied. When drivers qualify for the discounts, the average savings per year on insurance for drivers over age 60 is 29% or $478.
Choosing a high-quality auto insurance provider can be a challenge considering how many companies there are in Henderson. The company rank data listed below can help you pick which auto insurance companies to look at when shopping car insurance rates for drivers over age 60. The rankings below are for large nationwide companies, so companies that focus mainly on Nevada business are not taken into consideration for the list.
Top 10 Major Auto Insurance Companies in Henderson Ranked by Claims Service
- State Farm
- Esurance
- AAA Insurance
- Progressive
- Liberty Mutual
- GEICO
- Allstate
- Titan Insurance
- The Hartford
- Mercury Insurance