The vehicle model to be insured is one of the main factors when looking for economical coverage for drivers over age 50. Vehicles with lots of horsepower, a lack of modern safety features, or high incidents of liability claims will cost much more to insure than safer, lower-performance models. The list below outlines coverage premiums for a handful of the most economical automobiles to buy coverage for.
Make, Model, and Trim Level | Estimated Cost for Full Coverage |
---|---|
Hyundai Elantra GLS Touring Station Wagon | $1,207 |
Ford Escape Limited 2WD | $1,235 |
Honda CR-V EX-L 4WD | $1,243 |
Toyota Prius | $1,337 |
Ford Explorer XLT AWD | $1,357 |
Ford Focus SE 4-Dr Sedan | $1,404 |
Honda Odyssey EX W/Rear Entertainment | $1,410 |
Ford Edge SEL 2WD | $1,404 |
Volkswagen Jetta 2.0T Station Wagon | $1,412 |
Toyota RAV4 2WD | $1,432 |
Chevrolet Silverado LS Regular Cab 2WD | $1,440 |
Chevrolet Impala LT | $1,432 |
Dodge Grand Caravan Hero | $1,437 |
Chevrolet Malibu LS | $1,432 |
Toyota Camry LE | $1,439 |
Jeep Grand Cherokee Laredo 2WD | $1,432 |
Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,452 |
Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,459 |
Honda Civic VP 4-Dr Sedan | $1,479 |
Chevrolet Equinox LTZ AWD | $1,534 |
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Price estimates do not factor in specific garaging location which can raise or lower premiums substantially.
Looking at the rates, you can expect cars like the Hyundai Elantra, Ford Escape, Honda CR-V, Toyota Prius, and Ford Explorer will definitely be a few of the cheapest vehicles to insure for older drivers.
Finding reliable, low-cost insurance is not easy, and finding out which companies offer the best car insurance rates for drivers over age 50 will involve additional perseverance.
Every insurance provider uses a different method for determining prices, so let’s take a look at the car insurance companies with the overall best prices in Pittsburgh.
Find the Cheapest Auto Insurance for Age 50+
Rank | Company | Cost Per Year |
---|---|---|
1 | General Casualty | $748 |
2 | Travelers | $787 |
3 | USAA | $817 |
4 | Erie | $824 |
5 | Penn National | $832 |
6 | Auto-Owners | $963 |
7 | Amica | $992 |
8 | Atlantic States | $1,005 |
9 | Donegal Mutual | $1,102 |
10 | GEICO | $1,123 |
11 | State Farm | $1,162 |
12 | Allied | $1,190 |
13 | California Casualty | $1,234 |
14 | State Auto | $1,279 |
15 | Encompass | $1,357 |
16 | Harleysville | $1,438 |
17 | Nationwide | $1,447 |
18 | Mutual Benefit Group | $1,454 |
19 | Progressive | $1,457 |
20 | Chubb | $1,551 |
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General Casualty normally has some of the best car insurance rates in Pittsburgh at around $748 each year. Travelers, USAA, Erie, and Penn National would also make the list of some of the best Pittsburgh, PA insurance companies.
In the above example, if you currently have a policy with USAA and switched to General Casualty, you might see an annual savings of roughly $69. Pennsylvania drivers with Erie could save as much as $76 a year, and Penn National customers might lower prices by up to $84 a year.
Remember that these prices are averages across all drivers and vehicles and do not take into consideration an exact zip code location for drivers over age 50. So the car insurance company that can offer you the best price may not even be in the top 30 companies shown above. That emphasizes why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
Insurance rate increases from tickets or accidents
The common sense way to snag cheap car insurance prices in Pennsylvania for older drivers is to drive safe and not receive tickets or have accidents. The illustration below illustrates how speeding tickets and accidents can raise car insurance costs for each different age category. The data is based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
The data above shows the average cost of an auto insurance policy in Pennsylvania per year with no violations or accidents is $2,155. Get written up for one speeding ticket and the average cost rises to $2,473, an increase of $318 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of car insurance for drivers over age 50 jumps again to an average of $3,390. That’s an increase of $1,235, or $103 per month, just for not driving carefully!
What is the best car insurance company in Pennsylvania?
Selecting a good quality insurance company is hard considering how many different companies insure vehicles in Pittsburgh. The company rank data in the lists below can help you pick which car insurance companies you want to consider comparing prices from.
These ratings are only comprised of the companies with a significant amount of written premium nationwide, so companies with more of a regional focus are not factored into these rankings. To compare prices and find cheaper insurance for drivers over age 50, just click here.
Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
---|---|---|---|---|---|---|
The General | 96 | 100 | 92 | 91% | A- | 95 |
Titan Insurance | 87 | 96 | 94 | 93% | A+ | 92.9 |
The Hartford | 88 | 96 | 91 | 93% | A+ | 92.6 |
Progressive | 84 | 94 | 99 | 90% | A+ | 92.4 |
Travelers | 84 | 93 | 100 | 87% | A++ | 92.3 |
State Farm | 84 | 93 | 95 | 87% | A++ | 91 |
Farmers Insurance | 87 | 92 | 90 | 85% | A | 90.6 |
Erie Insurance | 79 | 93 | 90 | 87% | A+ | 88.6 |
Safeco Insurance | 85 | 91 | 87 | 86% | A | 88.4 |
USAA | 71 | 93 | 98 | 87% | A++ | 88 |
GEICO | 73 | 93 | 95 | 85% | A++ | 87.1 |
21st Century | 85 | 85 | 91 | 89% | A | 86.9 |
Liberty Mutual | 72 | 91 | 97 | 83% | A | 86.4 |
AAA Insurance | 85 | 85 | 88 | 86% | A | 85.8 |
Nationwide | 71 | 90 | 93 | 83% | A+ | 84.9 |
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Data Source: Insure.com Best Car Insurance Companies
Full coverage versus liability-only in Pittsburgh
Paying less for car insurance should be important to the majority of people, and a great way to pay lower rates for insurance for drivers over age 50 is to only buy liability coverage. The illustration below shows the difference between auto insurance rates with full coverage and liability only. The rate quotes are based on no tickets, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are factored in.
As an average for all age groups, physical damage coverage costs $1,554 per year more than buying just liability insurance. That is a large expense which might make you wonder if buying full coverage is a good investment. There is no set rule that works best for making the decision to drop physical damage coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s assume your vehicle’s claim settlement value is $8,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $7,500 after paying your policy deductible. If you are currently paying more than $750 a year for your policy with full coverage, then it could be time to drop full coverage.
The agents listed below can provide answers to your questions and help you determine which car insurance company is the best fit, since lots of drivers aren’t clear which coverage they need and would like to have a professional recommendation when trying to find the best insurance rates for drivers over age 50. It’s not always simple to do it yourself, and a licensed agent can provide you satisfaction knowing you have adequate asset protection. To find an auto insurance agency by location nearest to you, click the button after the list or click here to compare price quotes now.
- Tad Paterra – State Farm Insurance Agent
984 Greentree Rd – Pittsburgh, PA 15220 – (412) 922-2622 - James L Smith Insurance Agency Inc
304 Cochran Rd – Pittsburgh, PA 15228 – (800) 701-5909 - Danielle Howard – State Farm Insurance Agent
1500 Ardmore Blvd Ste 403 – Pittsburgh, PA 15221 – (412) 351-3305 - Joe Vojtas Agency – ERIE Insurance
9800B McKnight Rd #226 – Pittsburgh, PA 15237 – (412) 847-3743 - Steve Long – State Farm Insurance Agent
2830 W Liberty Ave – Pittsburgh, PA 15216 – (412) 531-5600