The words “affordable” and “insurance” really shouldn’t be used in the same sentence, specifically when searching for the lowest insurance prices for drivers over age 50. Because it’s so expensive, let’s teach you a few of the factors that influence auto insurance rates, and find a few ways to slash the price of the next policy you buy.
Finding good, low-priced insurance is not the easiest thing to do, and finding out which company offers the cheapest insurance rates for drivers over age 50 requires even more work.
Every auto insurer has a different formula for determining prices, so let’s begin by taking a look at the most budget-friendly insurance companies in California. We do need to point out that California insurance rates are impacted by many factors that may substantially change the cost of coverage. Simply getting older, moving to a different location, or having an accident may prompt premium changes that can cause some rates to be cheaper than competitors.
Cheapest Insurance Rates for Age 50+
USAA normally has some of the cheapest car insurance rates in San Jose at around $1,121 per year. Wawanesa, CSAA, Nationwide, and Century National are also some of the more affordable San Jose, CA car insurance companies.
As the example above demonstrates, if you are insured with CSAA and switched to USAA, you may realize yearly savings of approximately $77. California drivers with Nationwide might save as much as $105 a year, and Century National policyholders might reduce prices by as much as $105 a year.
To find the cheapest rates for your vehicle, click here to start your custom quote or quote rates from the companies below.
It’s important to note that these prices are averaged across all types of insureds and vehicles and are not factoring in an exact vehicle garaging location for drivers over age 50. So the car insurance company that can offer you the best price may not even be in the top 24 companies shown above. That illustrates why you need to compare prices as often as possible using your own specific driver and vehicle information.
One of the more important factors that are used to help calculate insurance cost is where you choose to live. Regions with larger populations or more claims tend to pay slightly more, whereas less populated areas benefit from lower prices.
The information below ranks the most expensive areas in California for drivers over age 50 to buy auto insurance in. San Jose is ranked #19 having an annual price of $1,381 for coverage, which is around $115 monthly.
|Rank||City||Premium Per Year|
|Start a Quote Go|
Annual rates are comparative as the garaging address in San Jose can revise premiums substantially.
The vehicle you are trying to insure is one of the largest factors when looking for the lowest-priced car insurance for drivers over age 50. Vehicles with more horsepower, poor passenger safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models.
The next list outlines auto insurance prices for a handful of the cheaper vehicles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$911|
|Honda CR-V LX 4WD||$920|
|Honda Accord EX-L 4-Dr Sedan||$991|
|Hyundai Elantra SE Touring Station Wagon||$1,001|
|Chevrolet Impala LT||$1,079|
|Volkswagen Jetta S 4-Dr Sedan||$1,089|
|Toyota RAV4 Limited 4WD||$1,079|
|Chevrolet Malibu Hybrid||$1,085|
|Toyota Camry LE||$1,079|
|Dodge Grand Caravan Hero||$1,088|
|Ford Explorer Eddie Bauer 4WD||$1,098|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,111|
|Ford Focus SES 4-Dr Sedan||$1,116|
|Toyota Tacoma X-Runner 2WD||$1,137|
|Start Your Quote Go|
Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Prices do not factor in specific location information which can change premium rates noticeably.
Based on these rates, makes and models like the Ford Escape, Honda CR-V, Honda Accord, Hyundai Elantra, and Toyota Prius will be some of the most affordable vehicles to insure for older drivers.
The example below demonstrates how choosing different deductibles can impact insurance rates when quoting cheap insurance for drivers over age 50. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are applied.
In the chart above, a 50-year-old driver could lower their car insurance rates by $506 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $762 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old example, can cut up to $1,674 or even more by choosing a larger deductible amount. If you do make the decision to raise your deductibles, it will be important to have enough spare savings to offset the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Finding the top insurer can be rather challenging considering how many choices there are in California. The company information in the next section could help you decide which companies you want to consider purchasing from.
The rankings below include companies with a nationwide focus, so companies that only write business in California or surrounding areas will not be included in the list. To compare price quotes from these top insurers and more, follow this link.
Top 10 Large Car Insurance Companies in San Jose Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA of Southern California – 92%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
Top 10 Large Car Insurance Companies in San Jose Ranked by Value
- American Family
- The Hartford
- AAA of Southern California
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
How to find budget-friendly auto insurance for drivers over age 50
It’s not impossible to find cheaper rates, and here are a few thrifty suggestions that can help San Jose drivers quote cheaper auto insurance.
- Bundle car and home insurance and save money
- Safe vehicles cost less to insure
- Raise physical damage deductibles
- Drivers with good credit often pay less
- Pay for smaller claims out-of-pocket
- Full coverage is expensive so only insure older vehicles for liability only
- Compare rates regularly and switch companies to save money
That last idea is remarkably critical, as was stressed in this piece. Prices can be modified anytime, so don’t hesitate to buy from a new company if you find a better deal.
Being loyal to a particular company is commendable, but it isn’t a good idea if that loyalty results in overpaying hundreds of dollars year after year. In just a couple of minutes you could compare rates and find cheaper auto insurance for drivers over age 50 in San Jose.
The agents below can help you decide which coverages are best, as many people would rather have some professional guidance when trying to find lower insurance rates for older drivers. It can be challenging to find the best policy yourself, so getting professional guidance from a licensed agent can provide comfort knowing you have sufficient coverage at claim time.
To find a San Jose insurance agent nearest to you, click the link after the list.
Care Insurance Agency Inc
900 N 1st St E – San Jose, CA 95112 – (408) 292-2925
Reed Sparks – State Farm Insurance Agent
3119 Alum Rock Ave – San Jose, CA 95127 – (408) 923-2055
GEICO Insurance Agent
2195 Monterey Rd #20 – San Jose, CA 95125 – (408) 286-4342