Finding out which company quotes the most affordable auto insurance rates for drivers over age 50 may require a bit more work than just picking a company at random. Every insurance company has their own unique process for determining rates in each state, so we need to take a look at the most affordable auto insurance companies in Aurora.
It’s important to understand that Aurora, CO auto insurance rates are based on many factors which can substantially change the cost of having a policy. Getting older, moving to a new city, or getting a ticket for careless driving may prompt premium changes that can make some companies much cheaper than others.
Best Car Insurance Prices for Age 50+
The Hartford may have some of the lowest car insurance rates in Aurora at around $850 a year. Grange, USAA, Nationwide, and Auto-Owners also rank well as some of the cheaper Aurora, CO insurance companies.
In the above rates, if you are insured with Grange and switched to The Hartford, you may realize savings of around $137. Policyholders with USAA could save as much as $179 a year, and Nationwide insureds might reduce prices by as much as $305 a year.
If you would like to find cheaper car insurance rates, click here to start your custom quote or feel free to get quotes from the companies below.
Understand that those premiums are averaged for all drivers and vehicles in Colorado and do not factor in an exact zip code location for drivers over age 50. So the company that fits you best may not even be in the top 21 companies in the list above. That helps illustrate why you need to get auto insurance quotes using your own individual information.
The type of vehicle to be insured is probably the largest consideration that determines whether or not you find cheap auto insurance for drivers over age 50. Vehicles with limited speed and performance, good crash test ratings, or a track record of few liability claims will cost quite a bit less to insure than fast, unsafe models.
The information below presents coverage premiums for some of the most cost-effective vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,099|
|Honda CR-V EX 4WD||$1,125|
|Ford Escape Limited 4WD||$1,193|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,231|
|Chevrolet Impala LS||$1,273|
|Ford Edge SE AWD||$1,279|
|Nissan Altima 2.5 4-Dr Sedan||$1,299|
|Chevrolet Equinox LS 2WD||$1,304|
|Toyota RAV4 4WD||$1,299|
|Chevrolet Malibu LS||$1,307|
|Chevrolet Silverado LS Regular Cab 2WD||$1,301|
|Ford Explorer Eddie Bauer AWD||$1,327|
|Dodge Grand Caravan SXT||$1,332|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,327|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,332|
|Ford Focus SEL 4-Dr Sedan||$1,340|
|Honda Civic VP 4-Dr Sedan||$1,346|
|Toyota Camry SE||$1,366|
|Toyota Corolla XRS||$1,394|
|Compare Cheap Rates Go|
Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can alter coverage prices considerably.
Based upon these rates, we can expect makes and models like the Hyundai Elantra, Honda CR-V, Ford Escape, Toyota Prius, and Jeep Wrangler will definitely be a few of the most economical vehicles to insure for older drivers.
Get discount Aurora car insurance
Auto insurance companies that provide policies for drivers over age 50 may provide rate discounts that can lower rates by as much as 25% or more if you meet specific criteria. A list of auto insurance companies and a partial list of their discounts are outlined below.
- GEICO discounts include defensive driver, driver training, anti-lock brakes, air bags, and membership and employees.
- USAA may have discounts that include safe driver, annual mileage, multi-policy, vehicle storage, driver training, and loyalty savings.
- Progressive has discounts for homeowner, good student, multi-vehicle, online quote discount, online signing, and continuous coverage.
- American Family offers discounts including Steer into Savings, mySafetyValet, accident-free, bundled insurance, good student, early bird, and defensive driver.
- Esurance offers premium reductions for defensive driver, multi-car, paid-in-full, anti-lock brakes, claim free, and Pac-12 alumni.
- Farmers Insurance may include discounts for teen driver, alternative fuel, business and professional, pay in full, early shopping, and youthful driver.
- State Farm has savings for driver’s education, good driver, anti-theft, Steer Clear safe driver discount, safe vehicle, and Drive Safe & Save.
The illustration below visualizes the comparison of insurance costs with and without discounts being applied to the rates. The information is based on a male driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with accident-free, safe-driver, multiple policy, multiple vehicle, passive restraint, and vehicle safety discounts applied. When these discounts are applied, theaverage yearly reduction on auto insurance for drivers over age 50 is 30% or $596.
The diagram below demonstrates how deductible levels can impact insurance costs when quoting cheap insurance for drivers over age 50. The premium estimates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.
In the chart above, a 40-year-old driver could lower their car insurance rates by $390 a year by switching from a $100 deductible up to a $500 deductible, or save $586 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, could reduce their rates as much as $1,304 annually by selecting a higher deductible. When using a larger deductible, it’s a good idea to have enough in a savings account to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Why are you paying too much for car insurance?
Aurora auto insurance rates are based on many factors which can substantially decrease or increase the policy price. Simply getting older, increasing liability limits, or getting a few speeding tickets may cause policy rate changes that can cause some rates to be cheaper than before. Not only may your situation change, but companies change premium rates without warning in order to offset underwriting gains or losses. Significantly higher losses can cause additional price hikes, while long-term profits may result in more affordable Aurora car insurance rates.
As an example, the data below demonstrates which company has the cheapest car insurance in Aurora, CO for a 40-year-old male driver with a clean driving record, no accidents, and a good credit history. When comparing rates based on his current rating profile, The Hartford offers the cheapest car insurance rates in Aurora at $1,078 per year. This is $500 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also make the list of the best Aurora, CO auto insurance companies.
The chart below compares rates after we give the driver from the above example a chargeable claim, a lower credit rating, and a speeding ticket. Since each insurance company uses their own formula to determining premium rates, analyzing rate quotes may now present a different list of the cheapest companies as shown below.
Travelers now has the best insurance rate in Aurora with State Farm, American Family, Progressive, and Amica also being competitive. This demonstrates why it is crucial to compare as many rates as possible to get the lowest insurance quotes for drivers over age 50.
Insurance prices can be determined by many factors and can increase or decrease at any time, so the best price three years ago may now be quite expensive.
The agents listed below can probably answer your questions and help you decide which insurance coverage you need, as some people prefer to have some professional guidance when trying to find the best insurance rates for older drivers. It’s not always easy to find the best rates on your own, and a licensed agent can bring comfort knowing you have adequate protection in case of an accident or claim.
To locate an agency nearest to you, click the button at the bottom of the list or click here to get price quotes now.
Focus Insurance Agency
2993 S Peoria St #144 – Aurora, CO 80014 – (303) 695-6220
Dickson Insurance Agency
4093 S Olathe Ct – Aurora, CO 80013 – (303) 693-1936
State Farm: Joel Kruschwitz
9801 E Colfax Ave – Aurora, CO 80010 – (303) 344-1175