Who Has Cheap Auto Insurance Rates for Drivers Over Age 60 in Miami?

The car, truck, or SUV you are buying coverage for is one of the largest considerations that determines whether or not you can buy the most economical car insurance for drivers over age 60. Vehicles with reasonable performance levels, a plethora of safety features, or a positive history of liability claims will cost significantly less to insure than adrenaline junky models. The next table illustrates car insurance costs for some of the most affordable automobiles to buy coverage for.

Cheapest Vehicles to Insure in Miami, FL
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $2,442
Ford Escape XLS 2WD $2,449
Jeep Wrangler Sport 4WD 2-Dr $2,527
Toyota Prius $2,712
Ford Explorer Eddie Bauer 2WD $2,739
Dodge Grand Caravan CV $2,746
Ford F-150 XL Regular Cab 4WD $2,739
Toyota Tacoma 4WD $2,745
Ford Focus S 4-Dr Sedan $2,836
Chevrolet Silverado LS Regular Cab 2WD $2,886
Toyota RAV4 Limited 2WD $2,894
Chevrolet Impala LT $2,903
Jeep Grand Cherokee Laredo 2WD $2,894
Chevrolet Malibu LT $2,952
Honda Civic EX 4-Dr Sedan $2,990
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Cost estimates assume married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Premium costs do not factor in vehicle garaging location which can lower or raise auto insurance rates greatly.

Based on these rates, we can tell that cars like the Honda CR-V, Ford Escape, Jeep Wrangler, and Toyota Prius will be some of the cheapest vehicles to insure for older drivers.

Comparing rates for affordable car insurance is difficult, and finding out which company has the most affordable auto insurance rates for drivers over age 60 will involve even more rate comparisons. Each insurance company uses different criteria to set premium rates, so first we will examine the most budget-friendly auto insurance companies in Miami.

It’s a good idea to be aware that Miami auto insurance rates are calculated based on many things that control the cost of your policy. Simply getting older, buying a different vehicle, or getting a ticket for running a stop sign can produce rate changes that can now make some companies cheaper than competitors.

Compare Cheap Insurance Quotes for Age 60+

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USAA offers some of the most affordable car insurance rates in Miami at around $948 each year. This is $1,500 less than the average policy premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also are some of the cheapest Miami, FL insurance companies.

As the example above demonstrates, if you have coverage with Progressive and switched to USAA, you might achieve a yearly price reduction of about $899. Florida drivers with Travelers may save as much as $940 a year, and Mercury policyholders might lower prices by $985 a year.

To discover how much you can save, click here or click through to the companies below.

Bear in mind that those premium estimates are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a vehicle location for drivers over age 60. So the auto insurance company that has the lowest price for you may not even be in the top 21 companies in the list above. That underscores the importance of why you need to get quotes using your own driver data and vehicle information.

How accidents and tickets impact rates

The ideal way to snag affordable auto insurance premiums for older drivers is to pay attention while driving and not receive tickets or have accidents. The diagram below highlights how speeding tickets and accident claims raise insurance prices for each different age group. The data assumes a married female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

In the chart above, the average cost of car insurance in Florida per year with no accidents or violations is $2,004. Add in one speeding ticket and the average cost jumps to $2,340, an increase of $336 each year. Now get two accidents along with the one speeding ticket and the annual cost of auto insurance for drivers over age 60 increases to an average of $5,373. That’s an increase of $3,369, or $281 per month, just for not driving carefully!

Insuring your vehicle with the best auto insurance company can be challenging considering how many companies there are to choose from in Florida. The ranking information shown next could help you select which providers to look at comparing rate quotes with. These ratings are only comprised of major nationwide insurance companies, so smaller companies are not factored into this list.

Top 10 Large Auto Insurers in Miami Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Your cheap policy may actually be overpriced

Florida auto insurance rates are impacted by many things that can increase your annual premium. Simply having another birthday, increasing deductibles, or getting a few speeding tickets may generate price changes that can cause some rates to be affordable when they were higher priced. Additionally, insurers amend pricing as often as every quarter to reflect underwriting profits or losses. An extended period of higher than normal claims can result in rate increases, while better underwriting may cause more affordable Miami car insurance rates.

The data below shows a variety of companies that have the cheapest car insurance in Miami, FL for a 30-year-old female driver with a good driving record, no prior claims, and good financial standing. If we estimate rates based on her personal profile, USAA has the cheapest car insurance rates in Miami at $1,903 annually. This is $545 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the remaining cheapest Miami, FL auto insurance companies.

In this example, we will give the driver from above a couple of claims, slightly worse credit, and a few blemishes on her driving record. Since each auto insurance company has their own guidelines to determine rates, analyzing rates may now show a completely different list of companies as shown below.

USAA now has the best car insurance rate in Miami with Mercury, Esurance, Auto-Owners, and GEICO completing the list. This example demonstrates why Miami drivers need to perform an extensive rate comparison to find the lowest insurance quotes for drivers over age 60.

Car insurance prices are impacted by many factors and can increase or decrease at any time, so the best option when you bought your policy may now cost much more than other companies.

How to find low-cost car insurance for drivers over age 60

It’s not impossible to find cheaper rates, and here are some penny-pinching ideas that can help you quote cheaper coverage.

That last idea is very significant, as was noted in the prior article. Insurance rates can change in a short period of time, so drivers shouldn’t be reluctant to change insurance companies if you can find a cheaper rate. Sticking with a specific company is fine, but it’s not a great idea if that loyalty results in overpaying major coinage every year. If you have a few minutes, now is a great time to compare prices and find cheaper car insurance for drivers over age 60 in Miami.

The Miami, FL, insurance agents below can provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation, since many consumers aren’t sure which coverage to buy and prefer to get some professional input when shopping around for cheaper insurance for drivers over age 60. It can be time-consuming to do it yourself, so agents can provide you comfort knowing you have sufficient coverage at claim time. To find an agent closest to you, click the button at the bottom of the list or click here to compare rates now.

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