The car, truck, or SUV on the policy is probably the most important factor that determines the availability of the cheapest insurance for drivers over age 50. Vehicles with more horsepower, poor safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer, lower-performance models.
The list below presents coverage costs for a selection of the most cost-effective automobiles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $1,436 |
| Honda CR-V EX-L 4WD | $1,441 |
| Hyundai Elantra SE Touring Station Wagon | $1,524 |
| Toyota Prius | $1,553 |
| Ford F-150 STX Regular Cab 4WD | $1,572 |
| Ford Explorer XLT AWD | $1,579 |
| Ford Edge SEL AWD | $1,628 |
| Volkswagen Jetta 2.0T Station Wagon | $1,644 |
| GMC Sierra SLE Crew Cab 2WD | $1,660 |
| Nissan Altima 2.5 4-Dr Sedan | $1,667 |
| Toyota RAV4 2WD | $1,660 |
| Chevrolet Malibu Hybrid | $1,667 |
| Toyota Tacoma Double Cab 4WD | $1,660 |
| Dodge Grand Caravan Crew | $1,689 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,698 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,710 |
| Ford Focus SEL 4-Dr Sedan | $1,718 |
| Honda Civic LX-S 4-Dr Sedan | $1,724 |
| Toyota Corolla LE | $1,750 |
| Chevrolet Impala LTZ | $1,760 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,750 |
| Toyota Camry XLE | $1,758 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,780 |
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rate quotes do not factor in the specific area where the vehicle is garaged which can revise prices significantly.
Looking at the numbers, we can presume that models like the Ford Escape, Honda CR-V, Hyundai Elantra, and Toyota Prius should be some of the more affordable vehicles to insure for older drivers.
Comparing rates for low-cost insurance is easier said than done, and deciding which company quotes the cheapest auto insurance rates for drivers over age 50 involves even more rate comparisons. Each auto insurer uses a different method for filing rates in each state, so let’s take a look at the most competitive auto insurance companies in Chandler, AZ.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $845 |
| 2 | Auto-Owners | $897 |
| 3 | Safeco | $932 |
| 4 | Travelers | $1,086 |
| 5 | USAA | $1,091 |
| 6 | Progressive | $1,152 |
| 7 | GEICO | $1,177 |
| 8 | CSAA | $1,189 |
| 9 | Allied | $1,197 |
| 10 | Ameriprise Group | $1,220 |
| 11 | Safe Auto | $1,284 |
| 12 | Farm Bureau Mutual | $1,297 |
| 13 | State Farm | $1,337 |
| 14 | Unitrin | $1,357 |
| 15 | Farmers | $1,378 |
| 16 | Amica | $1,429 |
| 17 | Titan | $1,433 |
| 18 | American Family | $1,463 |
| 19 | California Casualty | $1,522 |
| 20 | MetLife | $1,567 |
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The Hartford quotes some of the most affordable car insurance rates in Chandler at around $845 each year. Auto-Owners, Safeco, Travelers, and USAA also make the cut as some of the more affordable Chandler, AZ insurance companies.
In the above rates, if you are currently insured with Safeco and switched to The Hartford, you could earn a yearly price reduction of around $87. Policyholders with Travelers might save as much as $241 a year, and USAA customers might see rate reductions of $246 a year.
If you want to find out if you’re overpaying, click here to start your free quote or click through to the companies below.
It’s important to note that these prices are averages for all drivers and vehicles and do not take into consideration a specific vehicle garaging location for drivers over age 50. So the auto insurance company that fits your situation best may not even be in the top 28 companies shown above. That illustrates why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
One of the more important things that are used to help calculate the annual cost of car insurance is where your car is garaged in Chandler. Regions with larger populations or more claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates profit from lower rates.
The information below sorts the most expensive cities in Arizona for drivers over age 50 to buy auto insurance in. Chandler makes the list at #10 with the yearly price of $1,126 for the average insured, which is about $94 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Phoenix | $1,218 |
| 2 | Glendale | $1,214 |
| 3 | San Tan Valley | $1,185 |
| 4 | Avondale | $1,174 |
| 5 | Scottsdale | $1,163 |
| 6 | Mesa | $1,159 |
| 7 | Buckeye | $1,156 |
| 8 | Gilbert | $1,142 |
| 9 | Goodyear | $1,131 |
| 10 | Chandler | $1,126 |
| 11 | Tempe | $1,106 |
| 12 | Tucson | $1,105 |
| 13 | Peoria | $1,104 |
| 14 | Casas Adobes | $1,082 |
| 15 | Maricopa | $1,074 |
| 16 | Catalina Foothills | $1,072 |
| 17 | Surprise | $1,058 |
| 18 | Casa Grande | $1,057 |
| 19 | Oro Valley | $1,020 |
| 20 | Flagstaff | $960 |
| 21 | Yuma | $954 |
| 22 | Prescott | $942 |
| 23 | Sierra Vista | $899 |
| 24 | Bullhead City | $896 |
| 25 | Lake Havasu City | $852 |
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Rate quotes are comparative as vehicle location can increase or decrease price quotes noticeably.
How to get discounts on Chandler auto insurance rates
Car insurance companies that offer cheap quotes for drivers over age 50 could also offer premium discounts that can lower rates by as much as 35% or more if you meet eligibility requirements. A few popular companies and the discounts they provide can be found below.
- State Farm discounts include defensive driving training, good driver, student away at school, accident-free, and anti-theft.
- Progressive offers premium reductions for homeowner, online quote discount, multi-vehicle, multi-policy, continuous coverage, online signing, and good student.
- Travelers offers discounts including IntelliDrive, early quote, new car, student away at school, multi-policy, save driver, and hybrid/electric vehicle.
- American Family includes discounts for Steer into Savings, defensive driver, multi-vehicle, TimeAway discount, and accident-free.
- Liberty Mutual has savings for good student, multi-car, multi-policy, new graduate, new vehicle discount, and newly married.
The illustration below compares insurance premiums with and without discounts applied to the premium. The data is based on a female driver, no violations or accidents, Arizona state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with multiple vehicle, accident-free, homeowner, marriage, defensive driving course, and claim-free discounts applied. When these discounts are applied, theaverage amount saved on auto insurance for drivers over age 50 is 29% or $424.
Full coverage or liability only
Lowering the price of auto insurance is the goal of most drivers, and an effective way to lower the cost of insurance for drivers over age 50 is to not buy comprehensive and collision coverage. The diagram below shows the comparison of auto insurance costs when comparing full coverage to liability only. The data assumes no accidents, no driving violations, $500 deductibles, drivers are not married, and no policy discounts are applied.
On average, full coverage on your policy costs an extra $1,889 per year more than carrying just liability coverage. That touches on the question if you should buy full coverage. There is no definitive formula of when to drop physical damage insurance, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s assume your vehicle’s claim settlement value is $6,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,500 after paying the physical damage deductible. If it’s costing you more than $550 a year for full coverage, then it may be the right time to buy liability only.
Arizona auto insurance companies ranked
Insuring your vehicle with a good quality car insurance provider can be challenging considering how many different companies insure vehicles in Arizona. The company information displayed below could help you pick which auto insurance companies you want to consider when looking for cheaper rates.
These rankings include large, nationwide insurance companies, so companies that focus mainly on Arizona business are not factored into the list. To get price quotes from these companies and more, click this link.
Top 10 Major Auto Insurers in Chandler Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
- Liberty Mutual – 88%
The importance of comparing Chandler car insurance rates
Chandler auto insurance rates are based on many factors which can substantially change the cost of having a policy. Simply having another birthday, buying a home instead of renting, or getting a couple of tickets can trigger rate changes resulting in some rates now being cheaper in comparison to the competition.
In addition to those changes, insurers file new rates at least once a year to adjust for unexpected claims or profits. A period of higher than normal claims can result in higher prices, while a better loss history may cause more affordable Chandler car insurance rates.
The graph below shows the company with the cheapest car insurance in Chandler, AZ for a 30-year-old male driver with no prior accidents, a clean driving record, and a good credit history. If we estimate prices based on his personal risk profile, The Hartford might offer the cheapest car insurance rates in Chandler at $1,127 each year. This is $301 less than the average premium paid by Arizona drivers of $1,428. Safeco, Auto-Owners, Travelers, and USAA also make the list of the best Chandler, AZ auto insurance companies.
Now we will give the driver from the first rate comparison an at-fault accident, poor credit, and a traffic ticket or two. Since each auto insurance company has their own formula to determining premium rates, comparing prices may now result in a new list of the cheapest car insurance companies in Chandler as shown below.
Progressive now has the cheapest rate in Chandler with Ameriprise Group, Allied, CSAA, and Safeco also being competitive. This example illustrates why Arizona drivers need to shop around with many companies to find the lowest insurance rates for drivers over age 50.
Insurance prices can be altered by many risk factors and can change without notice, so the cheapest option when you bought your policy may now be an over-priced policy.