For older drivers, one of the largest things that are looked at to determine the price you pay for insurance is where you keep your car. Cities with larger populations tend to have higher auto insurance costs, whereas areas with less congestion have the benefit of cheaper auto insurance prices.
The next table sorts the most costly cities in Colorado for drivers over age 70 to purchase auto insurance in. Aurora is listed at #3 costing $1,417 for the average policyholder, which is around $118 each month.
|Rank||City||Average Per Year|
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Price information shown is approximated as the specific zip code location can influence rates substantially.
The vehicle model to be insured is a large factor when comparing quotes for the most affordable car insurance for drivers over age 70. Vehicles with lots of horsepower, poor passenger safety features, or a track record of large liability claims will cost significantly more to insure than more modest models. The information below features coverage rates for some of the cheaper automobiles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,557|
|Ford Escape XLS 4WD||$1,564|
|Honda CR-V EX-L 4WD||$1,582|
|Ford F-150 STX Regular Cab 2WD||$1,723|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,731|
|Toyota Tacoma 4WD||$1,749|
|Honda Odyssey EX W/Rear Entertainment||$1,821|
|Chevrolet Malibu Hybrid||$1,846|
|Dodge Grand Caravan Hero||$1,856|
|Toyota RAV4 4WD||$1,846|
|Jeep Grand Cherokee Laredo 2WD||$1,854|
|Nissan Altima 2.5 4-Dr Sedan||$1,846|
|Ford Explorer Eddie Bauer AWD||$1,869|
|Ford Focus SES 4-Dr Sedan||$1,918|
|Honda Civic EX 4-Dr Sedan||$1,923|
|Chevrolet Impala LTZ||$1,943|
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Data assumes single male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rates do not factor in garaging location in Aurora, CO which can alter prices noticeably.
Based on these rates, cars like the Hyundai Elantra, Ford Escape, and Honda CR-V are most likely going to be some of the most affordable vehicles to insure for older drivers. The price for car insurance will be more costly because there is more inherent risk for drivers over age 70, but overall those models will probably have the cheapest auto insurance rates compared to other vehicles.
Bad driving habits will cost you more
The best way to enjoy good auto insurance prices in Aurora for older drivers is to drive cautiously and maintain a clean driving record. The information below demonstrates how traffic citations and accident claims increase auto insurance rates for each age group. The prices are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
In the previous example, the average cost of an auto insurance policy in Aurora per year with no violations or accidents is $1,552. Add in two speeding tickets and the average cost jumps to $2,212, an increase of $660 each year. Now add in two accidents along with the two speeding tickets and the annual cost of auto insurance for drivers over age 70 jumps again to an average of $4,547. That’s an increase of $2,995, or $250 per month, just for not being attentive to the road!
The information below illustrates how choosing a deductible can impact insurance premiums when getting quotes for cheap insurance for drivers over age 70. The premium estimates are based on a married female driver, full coverage, and no additional discounts are factored in.
A 40-year-old driver could lower rates by $240 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $362 by using a $1,000 deductible. Even younger drivers, like the 20-year-old category, could reduce their rates as much as $594 or even more just by choosing higher deductibles when buying full coverage. If you make the decision to raise deductibles, it’s a good idea to have additional savings on hand to allow you to cover the extra out-of-pocket expense that comes with higher deductibles.
If you aren’t clear which coverage you need and would like to have some professional guidance when shopping for the best coverage for drivers over age 70, the agents below are willing to help you determine which insurance coverage will be best for you. To find an Aurora insurance agent near you, click the button at the bottom.
- All Drivers Insurance
12142 E Mississippi Ave – Aurora, CO 80012 – (303) 695-1000
- Paul Macaluso – State Farm Insurance Agent
Ste A6, 16911 E Quincy Ave – Aurora, CO 80015 – (303) 690-6700
- A All City Auto Insurance
9720 E Colfax Ave – Aurora, CO 80010 – (303) 364-0555
How to find budget-friendly insurance for drivers over age 70
Below you’ll find many thrifty suggestions that can help you quote cheaper auto insurance.
- Staying accident-free helps keep rates low
- Lower rates by purchasing a safer vehicle
- Multi-policy discounts save money
- Violations and traffic tickets increase rates
- Claim-free drivers earn discounts
- Compare prices frequently to find the best deal
That last piece of advice is extraordinarily necessary, as was stressed in this write-up. Prices charged by car insurance companies fluctuate constantly, so drivers shouldn’t hesitate to switch carriers if a cheaper price is available.
Many drivers have brand loyalty and that’s fine, but we do not recommend it if that stubbornness costs you a lot of money. Now is a great time to compare prices and find cheaper insurance for drivers over age 70 in Aurora.