The car, truck, or SUV to be insured is a large factor in finding the best cheap insurance for drivers over age 70. Vehicles with average performance, good crash test ratings, or low incidents of liability claims will cost significantly less to insure than higher performance models. The data below illustrates car insurance premiums for a selection of the most affordable automobiles to buy insurance for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,447|
|Honda Accord LX 4-Dr Sedan||$1,452|
|Ford Escape Limited 4WD||$1,558|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,600|
|Dodge Grand Caravan SE||$1,622|
|Ford F-150 STX Super Cab 4WD||$1,644|
|Ford Focus SE 4-Dr Sedan||$1,689|
|Chevrolet Equinox LT AWD||$1,711|
|Toyota RAV4 Limited 4WD||$1,720|
|Ford Explorer Limited 2WD||$1,733|
|Honda Odyssey EX-L||$1,802|
|Hyundai Elantra GLS 4-Dr Sedan||$1,810|
|Toyota Tacoma X-Runner 2WD||$1,802|
|Toyota Camry XLE||$1,807|
|Chevrolet Impala LTZ||$1,802|
|Ford Edge Limited AWD||$1,812|
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Data assumes single male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Estimates do not factor in Orlando, FL location which can impact coverage rates substantially.
Based on these rates, we can infer that models like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Jeep Wrangler are most likely going to be the most affordable vehicles to insure for older drivers. The price for an auto insurance policy will be higher anyway because there is more liability exposure for drivers over age 70, but generally speaking those vehicles will tend to have the best insurance prices compared to other types of vehicles.
For older drivers, one of the largest factors that are looked at to determine the price you pay for insurance is where you live in Orlando. Cities with larger populations tend to have higher auto insurance costs, whereas areas that tend to be more rural get the luxury of paying less.
The illustration below rates the priciest cities in Florida for drivers over age 70 to purchase auto insurance in. Orlando comes in at #18 with the yearly price of $2,029 for coverage, which is around $169 monthly.
|5||West Palm Beach||$2,679|
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Rates are estimated as the specific Orlando residence address can impact premiums greatly.
The information below illustrates how your deductible choice can raise or lower insurance premiums when getting quotes for cheap insurance for drivers over age 70. The premiums assume a married female driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could lower rates by $398 a year by increasing from a $100 deductible up to a $500 deductible, or save $600 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could save as much as $984 annually by selecting a higher deductible. When raising deductibles, it will be necessary to have spare funds to cover the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Accidents and violations increase rates
The common sense way to earn cheap auto insurance premiums in Orlando for older drivers is to drive safely and not get tickets or have accidents. The chart below illustrates how violations and accidents can increase insurance costs for each age group. The prices are based on a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
In the prior example, the average cost of an auto insurance policy in Florida per year with a clean driving record and no accidents is $1,747. Get written up for two speeding tickets and the average cost swells to $2,300, an increase of $553 each year. Then add in two accidents along with the two speeding tickets and the yearly cost of auto insurance for drivers over age 70 goes up to an average of $4,612. That’s an increase of $2,866, or $239 per month, just for not driving responsibly!
Get discounts on Orlando auto insurance rates
Insurance companies that offer cheap quotes for drivers over age 70 may also offer price discounts that could potentially reduce rates by 40% or more if you meet eligibility requirements. Popular auto insurance companies and their offered discounts are:
- State Farm policyholders can earn discounts including anti-theft, multiple policy, multiple autos, passive restraint, and accident-free.
- Progressive may offer discounts for homeowner, good student, continuous coverage, online quote discount, online signing, and multi-vehicle.
- Travelers offers discounts for driver training, new car, payment discounts, good student, and early quote.
- American Family may include discounts for bundled insurance, early bird, mySafetyValet, good student, accident-free, and defensive driver.
- Liberty Mutual offers discounts including teen driver discount, multi-car, new graduate, good student, new move discount, safety features, and newly married.
The example below shows the difference between insurance prices with and without discounts applied to the rates. The costs are based on a female driver, a clean driving record, no at-fault accidents, Florida state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with marriage, safe-driver, multiple vehicle, defensive driving course, homeowner, and claim-free discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for drivers over age 70 is 28% or $625.
If you have questions and prefer to have a little guidance when comparing insurance rates for drivers over age 70, the agents listed below are a good start to help you decide which is the best policy. To locate an Orlando car insurance agency by location nearest to you, click the link after the list or click here to compare rates now.
- Orlando Health Insurance Agent
7898 Canyon Lake Cir – Orlando, FL 32835 – (321) 446-6527
- Sikes Insurance Agency Inc
5145 Curry Ford Rd – Orlando, FL 32812 – (407) 282-5145
- Brightway Insurance
3548 S Orange Ave – Orlando, FL 32806 – (407) 816-3161
- GreatFlorida Insurance – Don Greene
1300 N Semoran Blvd Suite 180 – Orlando, FL 32807 – (407) 894-6363
- SVF Insurance LLC
1205 N Pine Hills Rd – Orlando, FL 32808 – (407) 447-2204