The type of vehicle to be insured is a significant factor when trying to find affordable insurance for drivers over age 70. Vehicles with reasonable performance levels, a great safety record, or a positive history of liability claims will cost substantially less to insure than adrenaline junky models.
The next table ranks coverage rates for a handful of the most economical vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$1,195|
|Honda CR-V LX 4WD||$1,201|
|Ford Escape Limited 4WD||$1,287|
|Dodge Grand Caravan CV||$1,341|
|Ford Explorer XLT 2WD||$1,349|
|Ford F-150 STX Super Cab 4WD||$1,364|
|Chevrolet Impala LS||$1,394|
|Ford Focus S 4-Dr Sedan||$1,404|
|Toyota Tacoma Double Cab 4WD||$1,413|
|Jeep Grand Cherokee Laredo 4WD||$1,423|
|Toyota RAV4 Limited 2WD||$1,413|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$1,473|
|Honda Odyssey EX-L W/Navigation||$1,485|
|Hyundai Elantra SE 4-Dr Sedan||$1,492|
|Ford Edge Sport AWD||$1,485|
|Toyota Corolla S||$1,491|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,508|
|Chevrolet Malibu LTZ||$1,513|
|Chevrolet Equinox LTZ AWD||$1,508|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$1,516|
|Ford Fusion Sport 4-Dr Sedan||$1,508|
|Nissan Rogue S AWD||$1,520|
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Data variables include married male driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Prices do not factor in vehicle location which can influence coverage prices greatly.
Looking at the data, you can presume that models like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius are most likely to be a few of the less-costly vehicles to insure for older drivers. The price for an auto insurance policy will tend to be higher just because there is more claim exposure for drivers over age 70, but overall those particular models will have the cheapest car insurance rates that you’ll find.
Finding dependable, affordable car insurance is easier said than done, and figuring out which company has the best insurance rates for drivers over age 70 takes even more work. Every insurance company uses a slightly different approach to determine premium rates, so to begin we’ll rank the insurance companies with the overall cheapest rates in Columbus, OH.
We do need to point out that Columbus, OH insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. This price variability is why drivers need to do a thorough rate comparison when trying to find cheap insurance rates for drivers over age 70. Insurance rates can be determined by many things and change frequently, so the best option a year ago may now be wasting a lot of money.
Find the Cheapest Auto Insurance for Age 70+
|Rank||Company||Cost Per Year|
|8||Merchants Insurance Group||$771|
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Utica National normally has some of the most affordable car insurance rates in Columbus at around $647 a year. Allied, Erie, Frankenmuth, and USAA also make the cut as some of the most economical Columbus, OH car insurance companies.
In the above rates, if you are currently insured with USAA and switched to Allied, you may realize an annual savings of roughly $42. Customers with Travelers may save as much as $43 a year, and Cincinnati Insurance policyholders might see rate reductions of $87 a year.
If you want to see how much you could save, click here or visit any of the companies below.
Be aware that those policy rates are averaged across all insureds and vehicles and do not take into consideration a vehicle location for drivers over age 70. So the company that fits you best may not even be in the list above. That helps illustrate why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
One of the more important factors that aid in calculating the cost of insurance is where you choose to live in Columbus. Regions with larger populations or more claims tend to have more expensive auto insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive slightly lower rates.
The illustration below shows the most costly cities in Ohio for drivers over age 70 in which to purchase auto insurance. Columbus is listed at #2 with an annual rate of $1,247 for the average policy, which is approximately $104 per month.
|Rank||City||Average Per Year|
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Price information shown is comparative as the specific Columbus residence address can decrease or increase price quotes significantly.
The chart below highlights how deductible selection can increase or decrease insurance costs when getting quotes for cheap insurance for drivers over age 70. The rates are based on a married male driver, comp and collision included, and no policy discounts are applied.
The chart above illustrates that a 40-year-old driver could reduce rates by $216 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $324 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could potentially save up to $718 each year by selecting a higher deductible. When increasing deductibles, it is important to have spare funds to enable you to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Ending up with a good quality company is hard considering how many different companies sell coverage in Ohio. The ranking data displayed below can help you analyze which car insurance companies to look at when shopping car insurance rates for drivers over age 70.
These rankings are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so smaller regional companies are not included in this list. If you would like to check rates and find the cheapest rates for drivers over age 70, click this link.
Top 10 Large Auto Insurance Companies in Columbus Ranked by Customer Satisfaction
- USAA – 92%
- Erie Insurance – 88%
- American Family – 88%
- State Farm – 88%
- Nationwide – 88%
- 21st Century – 88%
- AAA Insurance – 87%
- Liberty Mutual – 87%
- Farmers Insurance – 87%
- The Hartford – 87%
Top 10 Large Auto Insurance Companies in Columbus Ranked by Customer Service
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Liberty Mutual
- Erie Insurance
If you would rather get some guidance when shopping for cheaper insurance for older drivers, the agencies below can most likely provide answers to your questions and help you determine which coverages and limits you need.
To locate an agency nearest to you, click the button below the list.
- Gary Bepler – State Farm Insurance Agent
3246 Noe Bixby Rd – Columbus, OH 43232 – (614) 837-4379
- Ansong Insurance Agency
5272 Cleveland Ave – Columbus, OH 43231 – (614) 259-3635
- Nationwide Insurance: Robert Darnell Jackson Agency
2690 E Main St – Columbus, OH 43209 – (614) 235-5413
- All Ohio Insurance Agency Inc
180 Northwoods Blvd – Columbus, OH 43235 – (614) 825-0770
Tips for buying budget-friendly car insurance for drivers over age 70
Below you’ll find a few penny-pinching solutions that can help Columbus drivers find cheaper coverage.
- Avoid getting citations and tickets
- Pay for small claims rather than turning them in to your insurance company
- Choose a safer vehicle and pay lower rates
- Higher credit scores may earn you cheaper rates
- Avoid having at-fault accidents
- Compare prices as often as possible
The last tip in the list is extraordinarily valuable, as was noted in this piece. Prices in Columbus vary considerably, so drivers shouldn’t be resistant to buy from a new company if a more affordable rate is found.
Being loyal to a particular company is commendable, but it’s not a great idea if your bullheadedness ends up costing you a lot of money every month. Now is a great time to compare rates and find cheaper car insurance for drivers over age 70.