Trying to buy budget insurance is not most people’s favorite thing to do, and figuring out which company quotes the cheapest car insurance rates for drivers over age 50 will involve more quotes for comparison. Each company has a unique formula for filing rates in each state, so let’s take a look at the most competitive car insurance companies in California.
It’s important that readers know that San Francisco car insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. Price variation is why San Francisco drivers need to compare as many rates as possible to find the most affordable insurance rates for drivers over age 50. Prices are made up of many different factors and can decrease or increase without notice, so the best price the last time you shopped around may now be priced much higher than other options.
Cheap Insurance Rates for Age 50+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,143 |
| 2 | Wawanesa | $1,146 |
| 3 | Century National | $1,178 |
| 4 | CSAA | $1,198 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,491 |
| 8 | Allstate | $1,513 |
| 9 | Mercury | $1,548 |
| 10 | Progressive | $1,558 |
| 11 | GEICO | $1,559 |
| 12 | The Hartford | $1,575 |
| 13 | Allied | $1,588 |
| 14 | MetLife | $1,590 |
| 15 | State Farm | $1,682 |
| 16 | Esurance | $1,705 |
| 17 | Unitrin | $1,733 |
| 18 | Travelers | $1,788 |
| 19 | Bristol West | $1,849 |
| 20 | Farmers | $1,946 |
| Compare Rates Now Go | ||
USAA may have some of the best car insurance rates in San Francisco at around $1,143 a year. Wawanesa, Century National, CSAA, and Nationwide would also make the list of some of the lowest-priced San Francisco, CA auto insurance companies.
In the above example, if you currently have coverage with Nationwide and switched to Wawanesa, you might realize annual savings of approximately $117. Customers with 21st Century may save as much as $233 a year, and Grange insureds might lower prices by $345 a year.
To find the cheapest rates for your vehicle, click here to start your free quote or visit any of the low-priced companies below.
Understand that those policy prices are averages for all drivers and vehicles and and are not figured with an exact zip code location for drivers over age 50. So the auto insurance company that is best for you may not even be in the list above. That is why you need to compare prices as often as possible using your own personal information and vehicle type.
The type of vehicle driven is probably the biggest factor when comparison shopping for the most affordable auto insurance for drivers over age 50. Vehicles with lots of speed or power, a lack of modern safety features, or a track record of large liability claims will cost significantly more to insure than more economical and safe models. The data below estimates insurance rates for a number of the most cost-effective vehicles to insure in California.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,300 |
| Honda CR-V EX-L 4WD | $1,328 |
| Toyota Prius | $1,439 |
| Dodge Grand Caravan SE | $1,457 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,465 |
| Ford Edge Limited 2WD | $1,511 |
| Toyota Tacoma 2WD | $1,519 |
| Chevrolet Impala LS | $1,511 |
| Toyota Camry LE | $1,539 |
| Chevrolet Equinox LS 2WD | $1,545 |
| Toyota RAV4 Limited 4WD | $1,539 |
| Chevrolet Malibu LT | $1,567 |
| Ford Explorer Limited AWD | $1,577 |
| Ford F-150 Lariat Super Cab 4WD | $1,567 |
| Ford Focus SES 4-Dr Sedan | $1,593 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,598 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,621 |
| Toyota Corolla S | $1,629 |
| Nissan Rogue S 2WD | $1,647 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,649 |
| Volkswagen Jetta SEL 4-Dr Sedan | $1,659 |
| GMC Sierra SLE Crew Cab 2WD | $1,649 |
| Jeep Grand Cherokee Limited 4WD | $1,656 |
| Compare Rates Now Go | |
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Premium amounts do not factor in zip code location which can increase or decrease coverage prices considerably.
Looking at the data, you can figure that models like the Ford Escape, Honda CR-V, and Toyota Prius are most likely going to be a few of the cheaper vehicles to insure for older drivers.
Discount San Francisco insurance
Insurance companies that provide policies for drivers over age 50 may also provide price discounts that may potentially lower prices by 25% or more if you qualify for them. Popular car insurance companies and a summarized list of policyholder discounts include:
- State Farm offers discounts for accident-free, Steer Clear safe driver discount, multiple autos, multiple policy, good student, anti-theft, and student away at school.
- Esurance has discounts for homeowner, defensive driver, good driver, renters, anti-theft, Switch & Save, and online shopper.
- Progressive has savings for homeowner, online signing, multi-vehicle, online quote discount, continuous coverage, and good student.
- Liberty Mutual includes discounts for preferred payment discount, teen driver discount, newly retired, multi-policy, new move discount, and good student.
- Auto-Owners Insurance may have discounts that include mature driver, air bags, multiple vehicles, multi-policy, and group or association.
- GEICO offers premium reductions for defensive driver, driver training, federal employee, five-year accident-free, seat belt use, emergency military deployment, and daytime running lights.
The example below illustrates the difference between auto insurance rates with and without discounts being applied to the rates. The data is based on a male driver, no claims or driving violations, California state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with accident-free, homeowner, anti-theft, multiple policy, vehicle safety, and multiple vehicle discounts applied. When drivers take advantage of discounts, the average savings per year on car insurance for drivers over age 50 is 30% or $744.
Careless driving habits raise San Francisco car insurance rates
The ideal way to enjoy the most affordable car insurance premiums in San Francisco for older drivers is to be a good driver and avoid tickets and accidents. The diagram below demonstrates how traffic citations and at-fault accidents can affect insurance rates for different categories of driver ages. The rates are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.
The data above shows the average cost of auto insurance per year with no accidents and a clean driving record is $2,075. Add in one speeding ticket and the average cost swells to $2,341, an increase of $266 each year. Now include one accident along with the one speeding ticket and the annual cost of car insurance for drivers over age 50 goes up to an average of $3,077. That’s an increase of $1,002, or $84 per month, just for not driving safely!
The insurance agencies below can probably help you decide which coverages you need, since many consumers aren’t sure which coverage to buy and prefer to get some professional input when trying to find lower insurance rates for drivers over age 50. It’s not always simple to find the best policy yourself, so professional agents can give satisfaction knowing your policy gives you suitable coverage if you have an accident.
To locate an agency using an interactive map, click the link after the list or click here to compare price quotes.
Primeras Insurance Agency
3339 23rd St – San Francisco, CA 94108 – (415) 829-7312
Angela Ng – State Farm Insurance Agent
377 W Portal Ave – San Francisco, CA 94127 – (415) 731-7400
Anita M Merrihew – State Farm Insurance Agent
3801 3rd St #585 – San Francisco, CA 94124 – (415) 285-2021
More insurance agents in San Francisco, CA
How to find the cheapest insurance for drivers over age 50
Here are a few penny-pinching solutions that can help drivers quote lower-cost coverage.
- Drive a car with a high safety rating
- Try to pay small claims out-of-pocket
- Raise comprehensive and collision coverage deductibles
- Buying home and auto insurance together can earn discounts
- On older vehicles, drop full coverage
- Pay cheaper rates with good credit scores
- Shop around and save
The final tip is particularly crucial, as we noted in the article above. Insurance prices can be modified anytime, so drivers shouldn’t be resistant to buy a policy from a new company if a cheaper rate is available.
Many consumers stick with the same company and that’s fine, but it’s not recommended if that devotion results in you overpaying a lot of money every month. Take a few minutes and compare prices and find cheaper insurance for drivers over age 50 in San Francisco.