The words “affordable” and “insurance” probably shouldn’t be used together, especially when you are shopping around for the cheapest coverage for seniors. To help control this cost, let’s start off by going over some of the factors that significantly impact insurance prices, and come up with some ways to slash the price of the next policy you buy.
For senior citizens, one of the more important criteria that are looked at to determine the cost of insurance is where you choose to live in Scottsdale. Regions with larger populations or more claims are more likely to pay higher prices, whereas more rural areas have the luxury of cheap car insurance rates.
The table below rates the most expensive areas in Arizona for seniors in which to purchase auto insurance. Scottsdale shows up at #4 with a yearly premium of $1,163 for the average insurance policy, which is about $97 per month.
|Rank||City||Premium Per Year|
|6||San Tan Valley||$1,150|
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Rate information is comparative as the specific zip code location can lower or raise prices greatly.
The vehicle model driven is a significant factor when shopping around for cheaper coverage for seniors. Vehicles with high performance engines, poor passenger safety features, or high incidents of liability claims will cost quite a bit more to insure than more economical and safe models. The table below illustrates auto insurance premiums for a number of the most affordable automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$1,022|
|Hyundai Elantra GLS Touring Station Wagon||$1,031|
|Ford Escape XLS 2WD||$1,022|
|Honda CR-V EX-L 2WD||$1,048|
|Jeep Wrangler Sport 4WD 2-Dr||$1,056|
|Ford F-150 STX Regular Cab 2WD||$1,120|
|Ford Explorer Eddie Bauer 2WD||$1,145|
|Ford Edge Limited 2WD||$1,184|
|Chevrolet Equinox LT AWD||$1,209|
|Chevrolet Malibu Hybrid||$1,214|
|Nissan Altima 2.5 4-Dr Sedan||$1,209|
|Toyota RAV4 Sport 4WD||$1,217|
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Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in Scottsdale, AZ location which can decrease or increase insurance rates substantially.
By looking at the data, you can conclude that models like the Honda Accord, Hyundai Elantra, Ford Escape, Honda CR-V, and Jeep Wrangler will definitely be a few of the most economical vehicles to insure for senior citizens.
Discount Scottsdale car insurance rates
Insurance providers that sell policies for seniors could also offer price discounts that can reduce rates by as much as 40% or more if you meet specific eligibility requirements. A list of insurance companies and a partial list of their discounts are outlined below.
- State Farm has savings for passive restraint, student away at school, multiple autos, anti-theft, and accident-free.
- Farmers Insurance may include discounts for good student, youthful driver, bundle discounts, early shopping, switch companies, alternative fuel, and mature driver.
- GEICO has discounts for good student, daytime running lights, multi-policy, driver training, five-year accident-free, and air bags.
- American Family offers premium reductions for good student, mySafetyValet, bundled insurance, good driver, accident-free, and multi-vehicle.
- Nationwide discounts include defensive driving, accident-free, Farm Bureau membership, multi-policy, family plan, anti-theft, and business or organization.
- Progressive policyholders can earn discounts including continuous coverage, multi-vehicle, online signing, online quote discount, and good student.
The diagram below shows the comparison of premium costs with and without discounts applied to the policy premium. The data assumes a female driver, a clean driving record, no claims, Arizona state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with accident-free, vehicle safety, safe-driver, multiple policy, homeowner, and defensive driving course discounts applied. When discounts are applied, theaverage yearly reduction on insurance for seniors is 30% or $531.
Illustration showing the impact of accidents and violations
In a perfect world, the ideal way to enjoy cheap insurance prices in Scottsdale for senior citizens is to pay attention while driving and not receive tickets or have accidents. The diagram below shows how speeding tickets and at-fault fender-benders influence annual premium costs for each age group. The premiums are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy in Scottsdale per year with no accidents and a clean driving record is $1,305. Factor in one speeding ticket and the average cost jumps to $1,525, an increase of $219 each year. Now throw in one accident along with the one speeding ticket and the annual cost of insurance for seniors goes up to an average of $2,132. That’s an increase of $827, or $69 per month, just for not being a responsible driver!
Are you paying too much for car insurance in Scottsdale?
Scottsdale, AZ insurance rates are based on many factors which can substantially decrease or increase the price you have to pay. Turning one year older, getting married, or having an at-fault accident can produce rate changes that can now make some companies much cheaper than others. Not only may things change on your end, but insurance companies file new rates as often as every quarter to help ensure profitability. Larger than normal claims can result in higher priced premiums, while profitable underwriting may cause lower-cost Scottsdale car insurance rates.
The bar chart below shows the cheapest car insurance in Scottsdale, AZ for a 30-year-old male driver with a clear driving record, no claims, and good financial standing. When quoting prices based on his current risk factors, The Hartford might offer the most affordable car insurance rates in Scottsdale at $1,071 a year. This is $357 less than the average price paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA are the remainder of the top five cheapest Scottsdale, AZ auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison an accident claim, a little lower credit rating, and a stop sign violation. Because every insurance company has a unique approach to determining premium rates, comparing insurance quotes will most likely result in a different set of the cheapest car insurance companies in Scottsdale as shown below.
Ameriprise Group now has the cheapest price in Scottsdale, AZ with GEICO, Auto-Owners, CSAA, and Safeco now rounding out the top five. This example proves why drivers need to compare rates to get affordable insurance rates for seniors. Prices are impacted by many things and can change substantially, so the cheapest rate when you bought your policy may now be one of the more expensive options.
How to find more affordable car insurance for seniors
Lowering your rates is not difficult, and here are some of the better penny-pinching ideas that can help Scottsdale drivers get more affordable car insurance.
- Multi-policy discounts save money
- Frequent claims will increase rates
- Raise deductibles
- Full coverage may not be needed on older vehicles
- Increase your credit rating
- Drive safe vehicles
- Compare rates often to find the best deal
The last idea is notably critical, as we pointed out in the prior information. Auto insurance rates can change significantly in a year, so don’t be tentative to switch carriers if a lower-cost policy is available.
Staying with the same car insurance company is fine, but we do not recommend it if that inflexibility results in costing you potentially thousands of dollars a year. Take a couple minutes and compare prices to find cheaper insurance for seniors in Scottsdale.