The words “bargain” and “auto insurance” probably shouldn’t be used together, in particular when shopping around for the best car insurance rates for drivers over age 60. Because of the high cost, let’s take a look at some of the things that can significantly affect car insurance premiums, and see how we can help you slash the price of your next policy.
Finding good, low-priced car insurance is difficult, and deciding which companies offer the best insurance rates for drivers over age 60 takes a little more work. Every insurance company has their own unique process for establishing rates, so let’s rank the most competitive insurance companies in Nevada.
Lowest Insurance Price Quotes for Age 60+
|Rank||Company||Cost Per Year|
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Allied offers some of the best car insurance rates in Las Vegas at around $911 annually. Travelers, Capital, Oregon Mutual, and American Family also qualify as some of the more affordable Las Vegas, NV insurance companies.
As shown in the rates above, if you are insured with Travelers and switched to Allied, you might realize annual savings of in the vicinity of $1. Drivers with Capital may save as much as $107 a year, and Oregon Mutual customers might reduce prices by as much as $236 a year.
Bear in mind that those premium estimates are averaged for all insureds and vehicles and do not factor in a vehicle location for drivers over age 60. So the car insurance company that is best suited for you may not even be in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own personal information and vehicle type.
For older drivers, one of the big factors that help determine the price you pay for insurance is where you call home. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.
The illustration below shows the most costly cities in Nevada for drivers over age 60 in which to buy car insurance. Las Vegas is listed at #5 with the yearly price of $1,949 for car insurance, which is about $162 monthly.
|Rank||City||Premium Per Year|
|7||North Las Vegas||$1,882|
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Prices are comparative as specific Las Vegas garaging address can modify auto insurance rates significantly.
The make and model of vehicle that needs insurance is a significant factor when comparing low-cost coverage for drivers over age 60. Vehicles with more horsepower, poor safety ratings, or a track record of large liability claims will cost significantly more to insure than safer models.
The next list illustrates coverage rates for some of the most affordable vehicles to insure in Nevada.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$2,160|
|Honda CR-V EX-L 2WD||$2,208|
|Ford Escape XLT 4WD||$2,215|
|Hyundai Elantra SE Touring Station Wagon||$2,343|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$2,374|
|Ford F-150 STX Regular Cab 4WD||$2,421|
|Dodge Grand Caravan SE||$2,428|
|Ford Explorer XLT AWD||$2,421|
|Chevrolet Impala LS||$2,510|
|Ford Edge Limited 2WD||$2,520|
|Toyota Tacoma 2WD||$2,510|
|Honda Odyssey EX||$2,516|
|Ford Focus SE 4-Dr Sedan||$2,510|
|Toyota RAV4 Limited 2WD||$2,557|
|Chevrolet Malibu LT||$2,605|
|Dodge Ram Quad Cab ST 2WD||$2,615|
|Toyota Camry SE||$2,693|
|Nissan Altima 2.5 S 4-Dr Sedan||$2,701|
|GMC Sierra SLT Extended Cab 2WD||$2,741|
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Data rating is based on single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Table data does not factor in vehicle location which can lower or raise coverage rates substantially.
Looking at the data, vehicles like the Honda Accord, Honda CR-V, Ford Escape, and Hyundai Elantra are some of the more affordable vehicles to insure for older drivers.
The diagram below shows how choosing a deductible can increase or decrease premium costs when trying to find cheap insurance for drivers over age 60. The information is based on a married female driver, comp and collision included, and no additional discounts are factored in.
A 30-year-old driver could save $332 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $500 by selecting a $1,000 deductible. Young drivers, like the Age 20 chart data, could lower their rates up to $704 every year by using a higher deductible. When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have additional funds squirreled away to be able to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
How to get discounts on Las Vegas insurance rates
Insurers that provide coverage for drivers over age 60 may provide rate discounts that can reduce rates by 25% or more if you meet certain criteria. Larger insurance companies and the discounts they provide are:
- Esurance has discounts for DriveSense, claim free, multi-policy, Switch & Save, and anti-lock brakes.
- The Hartford offers discounts for bundle, good student, air bag, driver training, vehicle fuel type, and defensive driver.
- AAA discounts include good driver, multi-car, good student, anti-theft, education and occupation, multi-policy, and pay-in-full.
- GEICO includes discounts for multi-policy, air bags, good student, seat belt use, multi-vehicle, and military active duty.
- State Farm policyholders can earn discounts including anti-theft, good driver, safe vehicle, multiple policy, passive restraint, student away at school, and accident-free.
The diagram below shows the difference between auto insurance rates with and without some available policy discounts. The prices are based on a female driver, no tickets, no at-fault accidents, Nevada state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with homeowner, marriage, passive restraint, vehicle safety, multiple vehicle, and multiple policy discounts applied. With discounts applied, theaverage amount saved on insurance for drivers over age 60 is 29% or $363.
Selecting a high-quality company is hard considering how many different companies insure vehicles in Nevada. The information listed below may help you decide which companies to look at when shopping around.
These rankings are only comprised of companies with a national presence, so companies that only write business in Nevada or surrounding areas will not be included in the list. If you’d like to compare prices from the most competitive companies in Nevada, just click here.
Top 10 Major Auto Insurers in Las Vegas Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Titan Insurance – A+