Wouldn’t it be awesome if we could just tell you that one special company that has the cheapest rate quotes for drivers over age 60? Unfortunately, it’s just not that easy, as there are many unknown aspects such as if you are married, whether or not you are currently insured, if you are a man or woman, and the area where you live, that all impact the cost of coverage. This article will detail the best ways to maintain low rates and will hopefully give the reader a good start in finding the cheapest car insurance in Corpus Christi.
The make and model of vehicle you are insuring is a significant factor when shopping for the best cheap insurance for drivers over age 60. Vehicles with high performance, poor safety features, or a track record of large liability claims will cost substantially more to insure than safer models.
The list below showcases car insurance rates for a number of the most cost-effective automobiles to insure in Texas.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$824|
|Ford Escape XLS 4WD||$833|
|Honda CR-V LX 4WD||$824|
|Ford Explorer XLT 2WD||$919|
|Jeep Wrangler Rubicon 4WD 2-Dr||$929|
|Ford Edge SE AWD||$955|
|Chevrolet Impala LS||$962|
|Toyota Tacoma 2WD||$955|
|Volkswagen Jetta SE 2.5 Station Wagon||$963|
|Toyota RAV4 Limited 2WD||$971|
|Jeep Grand Cherokee Laredo 2WD||$977|
|Chevrolet Equinox LT 2WD||$971|
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Data assumes single male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Estimates do not factor in specific garaging location which can impact auto insurance rates greatly.
Based upon the rates shown, we can tell that models like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius will be the cheaper vehicles to insure for older drivers.
For older drivers, one of the largest factors that are looked at to determine the amount you pay for auto insurance is where you choose to live. Areas with more people or even just a higher incidence of claims tend to pay more, whereas areas with less congestion get the luxury of paying less.
The following table sorts the most costly cities in Texas for drivers over age 60 in which to purchase auto insurance. Corpus Christi shows up at #18 with the annual price of $1,636 for the average policyholder, which is approximately $136 per month.
|Rank||City||Premium Per Year|
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Information shown are estimated as specific Corpus Christi zip code can alter prices noticeably.
Cost difference between full coverage and liability
Saving on insurance is important to the majority of people, and one of the fastest ways to reduce the cost of insurance for drivers over age 60 is to only buy liability insurance. The diagram below illustrates the difference between insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are taken into consideration.
If we average all the age groups together, full coverage costs an additional $2,181 per year more than just buying liability insurance. That amount may make you wonder if you should buy full coverage at all. There is no definitive guideline of when to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
There are some cases where eliminating full coverage is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage.
How accidents and violations affect rates
The easiest way to receive affordable insurance premiums in Texas for older drivers is to be a careful driver and avoid accidents and traffic citations. The chart below shows how speeding tickets and accidents raise annual premium costs for each different age group. Data assumes a single male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of a car insurance policy per year with a clean driving record and no accidents is $2,000. Get written up for one speeding ticket and the average cost rises to $2,252, an increase of $252 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of insurance for drivers over age 60 jumps again to an average of $4,437. That’s an increase of $2,438, or $203 per month, just for being a careless driver!
Types of discounts on Corpus Christi insurance
Insurance providers that offer coverage for drivers over age 60 may additionally offer discounts that could reduce prices by 40% or more if you meet certain criteria. A few popular companies and some of the premium reductions they offer can be found below.
- Progressive includes discounts for continuous coverage, online quote discount, homeowner, good student, and multi-policy.
- Farmers Insurance offers discounts for teen driver, switch companies, early shopping, bundle discounts, mature driver, and distant student.
- Farm Bureau offers discounts including multi-vehicle, safe driver, 55 and retired, driver training, and youthful driver.
- State Farm may offer discounts for multiple policy, multiple autos, driver’s education, defensive driving training, passive restraint, safe vehicle, and student away at school.
- GEICO has discounts for driver training, federal employee, good student, multi-policy, military active duty, and emergency military deployment.
- SAFECO discounts include multi-car, teen safety rewards, accident prevention training, teen safe driver, anti-theft, and bundle discounts.
- Liberty Mutual has savings for new move discount, safety features, newly married, multi-policy, and multi-car.
The diagram below illustrates the difference between insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, no claims or driving citations, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with safe-driver, vehicle safety, anti-theft, accident-free, passive restraint, and multiple policy discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for drivers over age 60 is 29% or $486.
Can you find cheaper Corpus Christi car insurance?
Corpus Christi, TX insurance rates are influenced by many factors which can substantially change the price you have to pay. Simply turning a year older, moving to a new city, or getting a driving violation can trigger price changes that can cause some rates to be more affordable than the competition. In addition, auto insurance companies change the rates they charge in Texas every year or even multiple times each year to adjust for heavy claims or excess profits. An extended period of higher than normal claims may cause rate hikes, while lower claims can produce lower-priced Corpus Christi car insurance rates.
The bar chart below compares the cheapest car insurance in Corpus Christi, TX for a 40-year-old female driver with no violations or accidents, and good financial standing. Based on her personal profile, Travelers might offer the lowest car insurance rates in Corpus Christi at $1,059 each year. This is $845 less than the average policy premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the cheapest Corpus Christi, TX auto insurance companies.
In this next rate comparison, we will give the driver from the above example an accident claim, a lower credit score, and a couple of points charged on her driving record. Due to the fact that each insurance company has a unique formula for determining prices, analyzing rate quotes may result in a completely different list of the cheapest car insurance companies in Corpus Christi as shown below.
Mercury now has the best car insurance rate in Corpus Christi with State Farm, Nationwide, USAA, and Safe Auto also having competitive pricing. This example illustrates why it is critical to take the time to shop around when trying to get the most affordable insurance quotes for drivers over age 60. Prices can be determined by many things and can decrease or increase without notice, so the most economical company when you last compared rates may now cost much more than other companies.
If you prefer to get some help when shopping around for cheaper insurance for older drivers, the agencies below can aid you in deciding which is the best policy.
To locate a Corpus Christi insurance agent close to where you live, click the button at the bottom.
- Ed Cantu Insurance Agency
7122 S Staples St – Corpus Christi, TX 78413 – (361) 991-1493
- Moore Insurance Agency
500 N Water St #702 – Corpus Christi, TX 78401 – (361) 991-9000
- Johnnie Bickham – State Farm Insurance Agent
11014 Leopard St – Corpus Christi, TX 78410 – (361) 241-7621
- Farmers Insurance – Ruben Bonilla
2727 Morgan Ave #300 – Corpus Christi, TX 78405 – (361) 881-1033
- Tejas Auto Insurance
4701 Ayers St #104 – Corpus Christi, TX 78415 – (361) 814-0030