Who Has Cheap Los Angeles Auto Insurance Rates for Drivers Over Age 60?

The car, truck, or SUV driven is probably the largest consideration when looking for cheaper coverage for drivers over age 60. Vehicles with lower acceleration and performance, modern passenger safety features, or a track record of few liability claims will cost less to insure than high performance models. The next list estimates car insurance rates for a selection of the cheapest automobiles to buy insurance for.

Cheapest Vehicles to Insure in Los Angeles, CA
Vehicle Make and Model Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $2,131
Ford Escape Limited 2WD $2,175
Honda CR-V EX-L 2WD $2,182
Hyundai Elantra SE Touring Station Wagon $2,312
Ford Edge SE 2WD $2,342
Toyota Prius $2,358
Ford F-150 XLT Regular Cab 4WD $2,385
Ford Focus SE 4-Dr Sedan $2,479
Chevrolet Malibu Hybrid $2,522
Chevrolet Impala LT $2,529
Toyota RAV4 Sport 4WD $2,522
Toyota Tacoma Double Cab TRD Sport Package 4WD $2,569
Ford Explorer Eddie Bauer AWD $2,574
Dodge Grand Caravan Crew $2,569
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $2,599
Toyota Camry SE $2,656
Honda Odyssey EX-L W/Rear Entertainment $2,661
Nissan Altima 2.5 S 4-Dr Sedan $2,656
GMC Sierra SL Crew Cab 4WD $2,702
Toyota Corolla XRS $2,709
GMC Sierra 2500HD SLE Crew Cab 4WD $2,702
Volkswagen Jetta SE 4-Dr Sedan $2,711
Jeep Grand Cherokee Limited 2WD $2,702
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Price data assumes single male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium costs do not factor in vehicle location which can increase or decrease auto insurance rates noticeably.

Based upon the rates shown, you can presume that cars like the Honda Accord, Ford Escape, Honda CR-V, Hyundai Elantra, and Ford Edge are most likely to be a few of the cheapest vehicles to insure for older drivers.

For older drivers, one of the more important components that determine the amount you pay for auto insurance is where you live. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas that tend to be more rural have the luxury of lower rates.

The table below shows the priciest cities in California for drivers over age 60 to purchase a policy in. Los Angeles comes in at #2 with an annual cost of $2,083 for the average policyholder, which is around $174 each month.

How much does car insurance cost in Los Angeles, CA?
Rank City Annual Premium
1 Glendale $2,142
2 Los Angeles $2,083
3 Oakland $1,738
4 San Francisco $1,693
5 Sacramento $1,669
6 San Bernardino $1,628
7 Stockton $1,588
8 Long Beach $1,578
9 Moreno Valley $1,551
10 Modesto $1,547
11 Riverside $1,542
12 Santa Clarita $1,533
13 Garden Grove $1,524
14 Fontana $1,519
15 Santa Ana $1,497
16 Fresno $1,457
17 Anaheim $1,444
18 San Jose $1,423
19 Fremont $1,389
20 Bakersfield $1,381
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Prices are approximated as the vehicle garaging location can affect insurance rates considerably.

Figuring out which insurers offer the lowest-priced insurance rates for drivers over age 60 will take more time in order to find coverage that fits your budget.

Each insurance company uses a different method for filing rates in each state, so let’s take a look at the insurance companies that tend to be cheaper in Los Angeles.

Find Cheaper Car Insurance for Age 60+

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Cheapest insurance companies in California
Rank Company Cost Per Year
1 Wawanesa $1,146
2 USAA $1,155
3 Century National $1,226
4 Nationwide $1,226
5 CSAA $1,234
6 21st Century $1,366
7 Grange $1,477
8 Mercury $1,488
9 Progressive $1,496
10 Allstate $1,559
11 GEICO $1,575
12 Allied $1,588
13 MetLife $1,590
14 The Hartford $1,591
15 State Farm $1,699
16 Esurance $1,705
17 Unitrin $1,733
18 Bristol West $1,795
19 Travelers $1,806
20 Farmers $2,026
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Wawanesa may offer some of the most affordable car insurance rates in Los Angeles at around $1,146 per year. This is $505 less than the average premium paid by California drivers of $1,651. USAA, Century National, Nationwide, and CSAA would also be considered some of the cheapest Los Angeles, CA insurance companies.

As shown in the rates above, if you have coverage with USAA and switched to Wawanesa, you could realize annual savings of around $9. Insureds with Century National may save as much as $80 a year, and Nationwide customers might lower prices by up to $80 a year.

To find the cheapest coverage for you, click here to get a free quote or visit any of the low-priced companies below.

Bear in mind that those estimates are averages across all types of drivers and the different vehicles they drive and are not factoring in an exact zip code location for drivers over age 60. So the car insurance company that can offer you the best rate may not even be in the list above. That point stresses why you need to quote rates from many companies using your own driver data and vehicle information.

The information below shows how choosing a deductible can impact insurance prices when quoting cheap insurance for drivers over age 60. The premiums are based on a married male driver, full coverage, and no other discounts are factored in.

The chart above illustrates that a 30-year-old driver could reduce rates by $342 a year by increasing from a $100 deductible to a $500 deductible, or save $516 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, can cut as much as $1,026 annually by choosing larger deductibles on their policy.

When increasing deductibles, it will be necessary to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Insurance companies ranked

Picking the right car insurance company is difficult considering how many choices you have in California. The ranking information in the lists below may help you decide which car insurance providers to look at purchasing coverage from. These ratings only include companies with a national presence, so companies without a large exposure are not included in the list.

Top 15 Insurance Companies for Drivers Over Age 60 in California
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
AAA of Southern California 91 94 97 92% A+ 94.1
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
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Data Source: Insure.com Best Car Insurance Companies

Does full coverage make sense?

Paying less for insurance is the goal of the majority of people, and one good way to lower the cost of insurance for drivers over age 60 is to not buy full coverage. The illustration below shows the comparison of insurance costs with and without physical damage coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no policy discounts are applied.

Averaged out for all age groups, physical damage coverage costs $1,849 per year more than just buying liability insurance. At some point, almost every driver questions if buying full coverage is a good investment. There is no exact formula for eliminating physical damage insurance, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping full coverage is not advised. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage.