Who Has Cheap Car Insurance Rates for Drivers Over Age 60 in Phoenix?

The vehicle model requiring coverage is a significant factor when trying to find the most affordable car insurance for drivers over age 60. Vehicles with higher performance characteristics, poor crash test ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than safer models. The information below showcases coverage costs for a number of the most economical automobiles to insure in Arizona.

Cheapest Vehicles to Insure in Phoenix, AZ
Vehicle Insured Estimated Cost for Full Coverage
Honda Accord LX 4-Dr Sedan $1,692
Honda CR-V EX-L 2WD $1,731
Ford Escape Limited 4WD $1,836
Toyota Prius $1,872
Ford Explorer XLT 2WD $1,899
Toyota Tacoma 4WD $1,904
Ford F-150 XL Crew Cab 2WD $1,899
Dodge Grand Caravan CV $1,905
Chevrolet Impala LS $1,965
Chevrolet Equinox LT 2WD $2,004
Toyota RAV4 Limited 4WD $2,009
Chevrolet Malibu Hybrid $2,004
GMC Sierra SLE Regular Cab 2WD $2,012
Jeep Wrangler Unlimited Sport 4WD 4-Dr $2,073
Ford Edge Sport 2WD $2,112
Hyundai Elantra SE 4-Dr Sedan $2,119
Toyota Camry XLE $2,112
Toyota Corolla XLE $2,117
Honda Odyssey EX-L W/Navigation $2,112
Kia Optima LX $2,148
Volkswagen Jetta SE 4-Dr Sedan $2,158
Chevrolet Silverado LT Regular Cab 2WD $2,148
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $2,153
Find Cheaper Rates Go

Data based on single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in specific location which can decrease or increase prices noticeably.

Looking at the numbers, we can expect cars like the Honda Accord, Honda CR-V, and Ford Escape will definitely be the cheaper vehicles to insure for older drivers.

For older drivers, one of the more important criteria that aid in calculating auto insurance rates is where you normally keep your vehicle. Regions with more people or even just more weather-related claims tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates profit from lower rates.

The table below lists the most costly cities in Arizona for drivers over age 60 to buy car insurance in. Phoenix is listed at #1 with the yearly price of $1,255 for the average policy, which is around $105 each month.

How much does car insurance cost in Phoenix, AZ?
Rank City Average Per Year
1 Phoenix $1,255
2 Avondale $1,210
3 Glendale $1,178
4 San Tan Valley $1,161
5 Tempe $1,152
6 Scottsdale $1,151
7 Buckeye $1,144
8 Goodyear $1,131
9 Mesa $1,113
10 Gilbert $1,108
11 Tucson $1,094
12 Chandler $1,093
13 Peoria $1,093
14 Surprise $1,090
15 Maricopa $1,085
16 Casas Adobes $1,082
17 Casa Grande $1,079
18 Catalina Foothills $1,072
19 Oro Valley $1,031
20 Yuma $963
21 Flagstaff $960
22 Prescott $924
23 Bullhead City $905
24 Sierra Vista $890
25 Lake Havasu City $870
Start a Quote Go

Rate quotes are comparative as specific location information can revise premiums greatly.

Discount Phoenix car insurance

Insurance for older drivers in Phoenix, AZInsurance companies that offer cheap quotes for drivers over age 60 may also offer premium discounts that could reduce prices by as much as 35% if you can meet the requirements. Large insurance companies and their offered discounts are detailed below.

The diagram below illustrates the difference between insurance costs with and without discounts being applied to the rates. The costs are based on a female driver, no accidents, no driving violations, Arizona state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with multiple vehicle, safe-driver, multiple policy, vehicle safety, accident-free, and defensive driving course discounts applied. When these discounts are applied to the policy premium, theamount saved on insurance for drivers over age 60 is 29% or $640.

Difference between liability only and full coverage rates

Buying cheaper insurance should be important to most people, and one great way to lower the cost of insurance for drivers over age 60 is to only pay for liability coverage. The example below illustrates the comparison of yearly insurance costs with full coverage compared to only the Arizona minimum liability coverage. The premiums assume no accidents, no driving violations, $1,000 deductibles, single marital status, and no policy discounts are applied.

If we average the cost for all age groups, comp and collision coverage costs an additional $1,263 per year more than carrying just liability coverage. That is a significant amount which raises the question if paying for full coverage is a waste of money. There is no clear-cut rule to stop buying comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

Tips for buying budget-friendly insurance for drivers over age 60

The list below summarizes a few penny-pinching suggestions that can help drivers get low-cost auto insurance.

The last idea is incredibly crucial, as we hit on in this write-up. Prices in Phoenix change a lot, so don’t be hesitant to change insurance companies if a better deal can be had.

Brand loyalty is great, but we do not recommend it if that stubbornness costs you a small fortune. Now is a great time to compare prices to find cheaper car insurance for drivers over age 60.