How Much are Auto Insurance Rates for Drivers Over Age 60 in Austin?

The words “cheap” and “auto insurance” really shouldn’t be used in the same sentence, specifically when you are shopping around for the cheapest coverage for drivers over age 60. In an attempt to save some money, let’s lead off by showing you a few of the things that have an impact on auto insurance prices, and see if you can lower the price of your next policy.

The vehicle model you are buying coverage for is one of the biggest factors when consumers are trying to find the best cheap coverage for drivers over age 60. Vehicles with more horsepower, poor safety features, or a track record of large liability claims will cost substantially more to insure than more modest models.

The list below estimates coverage prices for a selection of the most budget-friendly automobiles to buy insurance for.

Cheapest Vehicles to Insure in Austin, TX
Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $756
Ford Escape Limited 4WD $821
Honda Odyssey LX $833
Toyota Prius $840
Toyota Tacoma 4WD $851
Ford Edge SE AWD $881
Volkswagen Jetta S 4-Dr Sedan $898
Toyota RAV4 Limited 4WD $904
Ford Explorer Eddie Bauer 4WD $917
Dodge Ram 3500 Crew Cab Laramie 2WD $926
Dodge Grand Caravan Crew $917
Ford F-150 SVT Raptor Super Cab 4WD $927
Jeep Wrangler Unlimited Sport 4WD 4-Dr $922
Ford Focus SES 4-Dr Sedan $928
Hyundai Elantra GLS 4-Dr Sedan $945
Chevrolet Impala LTZ $952
Toyota Camry XLE $945
Toyota Corolla S $952
Hyundai Sonata GLS 4-Dr Sedan $960
Nissan Rogue SL 2WD $969
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Premium data assumes married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in vehicle garaging location which can revise coverage prices considerably.

By looking at the data, we can infer that vehicles like the Honda CR-V, Ford Escape, Honda Odyssey, Toyota Prius, and Toyota Tacoma are the cheapest vehicles to insure for older drivers.

Establishing which companies offer the cheapest auto insurance rates for drivers over age 60 involves more work than just getting one or two price quotes.

Each insurer uses different criteria for determining rates, so let’s take a look at the auto insurance companies that tend to be cheaper in Texas. We do need to point out that Texas auto insurance rates are impacted by many things that control the cost of your policy. Getting older, moving across town, or getting a few speeding tickets may generate price changes that can make some companies cheaper in comparison to the competition.

Best Car Insurance Prices for Age 60+

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Rankings for the cheapest car insurance companies in Texas
Rank Company Cost Per Year
1 Travelers $1,010
2 USAA $1,084
3 Texas Farm Bureau $1,247
4 Germania Mutual $1,294
5 Esurance $1,379
6 California Casualty $1,382
7 Mercury $1,506
8 State Farm $1,510
9 Nationwide $1,538
10 Safe Auto $1,549
11 Progressive $1,664
12 Allstate $1,718
13 Amica $1,775
14 Home State $2,071
15 GEICO $2,093
16 MetLife $2,161
17 Encompass $2,324
18 Unitrin $2,333
19 21st Century $2,494
20 Titan $2,646
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Travelers has some of the most affordable car insurance rates in Austin at around $1,010 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the cheapest Austin, TX auto insurance companies.

As shown above, if you are currently insured with Texas Farm Bureau and switched to Travelers, you could earn a yearly price reduction of roughly $237. Customers with Germania Mutual could save as much as $284 a year, and Esurance customers might lower prices by up to $369 a year.

These prices are averages across all drivers and vehicles in Texas and and are not figured with an exact vehicle garaging location for drivers over age 60. So the insurer that fits your situation best may not even be in the top 23 companies shown above. That underscores the importance of why you need to compare prices as often as possible using your own individual information.

One of the more important factors that help determine the amount you pay for auto insurance is where you call home. Cities with more crime and/or more people are more likely to pay higher prices, whereas areas with less people or fewer weather incidents receive better rates.

The following table sorts the most expensive areas in Texas for drivers over age 60 to purchase a policy in. Austin ranks #15 with the annual price of $1,659 for the average policy, which is about $138 monthly.

How much does auto insurance cost in Austin?
Rank City Average Per Year
1 McAllen $1,956
2 Brownsville $1,908
3 Laredo $1,851
4 Dallas $1,837
5 Houston $1,835
6 Garland $1,832
7 Amarillo $1,804
8 Mesquite $1,771
9 Pasadena $1,758
10 Grand Prairie $1,757
11 Beaumont $1,754
12 Irving $1,719
13 San Antonio $1,688
14 Lubbock $1,665
15 Austin $1,659
16 Carrollton $1,647
17 Arlington $1,642
18 Fort Worth $1,621
19 El Paso $1,616
20 Plano $1,608
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Rates are comparative as the specific area where the vehicle is garaged can decrease or increase auto insurance rates greatly.

Discounts on Austin insurance rates

Auto insurance for older drivers in Austin, TXInsurance providers that offer cheap quotes for drivers over age 60 may also give you rate discounts that can lower rates by as much as 30% if you are eligible. A list of auto insurance companies and a selection of discounts include:

The example below shows the comparison of premium costs with and without discounts applied to the policy premium. The costs are based on a male driver, no claims or violations, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multiple vehicle, passive restraint, safe-driver, and accident-free discounts applied. When discounts are factored in, theaverage yearly reduction on auto insurance for drivers over age 60 is 30% or $647.

Which auto insurance company is best in Texas?

Picking a highly-rated auto insurance provider can be difficult considering how many different companies insure vehicles in Austin. The ranking information in the next section may help you select which car insurance companies to look at purchasing a policy from.

These ratings are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies that may only write in Texas are not taken into consideration for this list. If you would like to check rates from these and other competitive companies, just click here.

Best Auto Insurance Companies for Drivers Over Age 60 in Austin
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

The information below illustrates how your choice of deductibles can affect yearly insurance costs when quoting cheap insurance for drivers over age 60. The price estimates are based on a married male driver, full coverage, and no additional discounts are factored in.

In the chart above, a 30-year-old driver could lower their car insurance rates by $352 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $534 by switching to a $1,000 deductible. Even younger drivers, such as the Age 20 example, could save up to $1,060 or more just by using higher deductibles. When raising deductibles, it’s a good idea to have spare funds to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Comparing rates can save you money

Austin auto insurance rates are influenced by many factors which can substantially decrease or increase your annual premium. Simply having another birthday, moving to a new city, or getting a reckless driving citation may prompt premium changes resulting in some companies being more affordable than before.

Not only may your risk profile change, but insurers file new Texas car insurance rates as needed to help ensure profitability. An unexpected high level of claims can cause more expensive prices, while less frequent claims can result in cheaper Austin car insurance rates.

To illustrate this example, the bar chart below shows the company with the cheapest car insurance in Austin, TX for a 35-year-old female driver with no accidents or violations, and a high credit rating. If we look at prices based on her personal profile, Travelers may offer the lowest car insurance rates in Austin at $1,096 a year. This is $808 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also included in the top five cheapest Austin, TX auto insurance companies.

The example below compares rates after we give the driver in the first chart a claim surcharge, a lower credit rating, and a couple of points charged on her driving record. Due to the fact that every auto insurer has their own guidelines for establishing rates, getting updated rate quotes could now result in a slightly different list of companies as shown below.

State Farm now has the cheapest price in Austin with Mercury, Safe Auto, USAA, and Nationwide now rounding out the top five. This demonstrates why it is critical to compare rates when trying to find cheap car insurance quotes for drivers over age 60. Prices are influenced by many factors and can change substantially, so the best company six months ago may now be wasting a lot of money.

The auto insurance agents in Austin shown below can help you decide which coverage meets your needs best, as some drivers wish to have the advice of a professional agent when shopping for the best coverage for older drivers. It can be complicated to find the cheapest auto insurance company, and a licensed agent can give you satisfaction knowing you have adequate protection in the event of a claim.

To locate an Austin insurance agent closest to you, click the button after the list.

Richard Munoz – State Farm Insurance Agent
5446 W US Hwy 290 Service Rd #104Austin, TX 78735(512) 892-3527

Allstate Insurance: Fleming and Conway Agency
3435 Greystone Dr Ste 107Austin, TX 78731(512) 345-0005

Carmina Eaton – State Farm Insurance Agent
4201 W Parmer Ln b170Austin, TX 78727(512) 244-6641

Capitol City Insurance
8030 N Mopac ExpyAustin, TX 78759(512) 343-0280

View more Austin, TX insurance agents