It’s hard to miss the commercials from auto insurance companies like State Farm, Nationwide, and The General claiming huge savings, so drivers just need to pick the company with the cutest commercial, right?
It’s not quite that easy, unfortunately, as there are a whole slew of unknown factors like if you are married or single, if you are currently insured, the likelihood of vehicle theft where you live, and any driving violations you may have, that help determine the price you have to pay. The content below covers the different ways you can keep rates low and will hopefully give you a good beginning to your search for cheaper coverage.
For senior citizens, one of the big things that are looked at to help calculate insurance cost is your address in Bakersfield. Regions with larger populations or more claims tend to pay more, whereas areas that tend to be more rural have the luxury of lower rates.
The next table sorts the highest-priced places in California for seniors in which to purchase auto insurance. Bakersfield is ranked #21 with an annual premium of $1,394 for the average insured, which is around $116 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Los Angeles | $2,168 |
| 2 | Glendale | $2,142 |
| 3 | San Francisco | $1,763 |
| 4 | Oakland | $1,738 |
| 5 | Sacramento | $1,703 |
| 6 | San Bernardino | $1,644 |
| 7 | Stockton | $1,603 |
| 8 | Long Beach | $1,578 |
| 9 | Garden Grove | $1,554 |
| 10 | Moreno Valley | $1,551 |
| 11 | Modesto | $1,547 |
| 12 | Riverside | $1,542 |
| 13 | Santa Clarita | $1,533 |
| 14 | Fontana | $1,519 |
| 15 | Santa Ana | $1,497 |
| 16 | Anaheim | $1,474 |
| 17 | Fresno | $1,457 |
| 18 | San Jose | $1,423 |
| 19 | Fremont | $1,403 |
| 20 | Huntington Beach | $1,402 |
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Prices are estimated as the specific geographic location can change rates significantly.
Finding affordable car insurance is not the easiest thing to do, and determining which company quotes the lowest-priced auto insurance rates for seniors will require a bit more work. Every insurance provider uses their own formula to set their prices, so we’ll go over the auto insurance companies that tend to have lower prices in Bakersfield, CA.
It’s important that readers know that Bakersfield auto insurance rates are influenced by many factors which can substantially change the price you have to pay for coverage. Things like having a birthday, buying a newer car, or getting a few speeding tickets can produce rate changes that can cause some rates to be much cheaper than others.
Find Cheaper Car Insurance for Mature Drivers
USAA quotes some of the cheapest car insurance rates in Bakersfield at around $1,109 each year. Wawanesa, Century National, Nationwide, and CSAA also qualify as some of the cheaper Bakersfield, CA insurance companies.
As shown above, if you are insured with Nationwide and switched to Wawanesa, you could earn a yearly price reduction of about $67. Customers with CSAA might save as much as $88 a year, and 21st Century customers might see rate reductions of $220 a year.
To get a fast rate comparison, click here to start your free quote or visit any of the companies below.
Bear in mind that those premiums are averaged for all types of insureds and vehicles and and are not calculated with a specific vehicle garaging location for seniors. So the company that fits your age and vehicle best may not even be in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own individual information.
The vehicle model you are insuring is one of the biggest factors when comparison shopping for the lowest-priced insurance for seniors. Vehicles with high performance engines, a lack of modern safety features, or a high likelihood of having liability claims will cost significantly more to insure than more economical and safe models.
The list below ranks insurance prices for some of the cheaper vehicles to buy insurance for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $756 |
| Honda CR-V EX 4WD | $773 |
| Ford Escape Limited 2WD | $783 |
| Honda Accord EX-L 4-Dr Sedan | $821 |
| Toyota Prius | $840 |
| Toyota Tacoma 4WD | $851 |
| Dodge Grand Caravan CV | $857 |
| Chevrolet Impala LS | $881 |
| Ford Edge Limited 2WD | $886 |
| Honda Odyssey EX | $881 |
| Volkswagen Jetta SE 2.5 Station Wagon | $887 |
| Toyota RAV4 Limited 4WD | $898 |
| Ford F-150 Lariat Crew Cab 2WD | $917 |
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Premium data assumes married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rates do not factor in specific zip code location which can impact auto insurance rates significantly.
Based upon these rates, cars like the Hyundai Elantra, Honda CR-V, and Ford Escape are most likely to be the cheapest vehicles to insure for senior citizens.
The chart below shows how different deductible levels can affect premium costs when researching cheap insurance for seniors. The premiums are based on a single female driver, comp and collision included, and no discounts are taken into consideration.
A 40-year-old driver could lower rates by $350 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $530 by using a $1,000 deductible. Even younger insureds, like the Age 20 category, could drop their prices as much as $888 annually by choosing larger deductibles on their policy. When using a larger deductible, it’s a good idea to have enough funds in savings to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Should you buy full coverage?
Saving money when shopping for auto insurance should be important to most vehicle owners, and one of the quickest ways to reduce the cost of insurance for seniors is to not pay for full coverage. The information below compares yearly insurance costs with full coverage compared to only the California minimum liability coverage. The data assumes a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
If all age groups are averaged, physical damage coverage costs an extra $1,849 per year over liability only. That is a large expense and it proposes the question if physical damage coverage is worth the money. There is no specific rule to stop buying comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.
There are some scenarios where only buying liability is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.
If you like to have some professional guidance when shopping for cheaper insurance for senior citizens, the insurance agencies listed below are willing to aid you in deciding which is the best policy. To find a Bakersfield insurance agency using an interactive map, click the button after the list or click here to compare price quotes.
- Nationwide Insurance – Michaud Insurance Agency Inc
3795 Niles St – Bakersfield, CA 93306 – (661) 633-9900 - James Banks – State Farm Insurance Agent
1525 Columbus St #400 – Bakersfield, CA 93305 – (661) 872-5140 - Allstate Insurance: Hero Singh
3400 Panama Ln h – Bakersfield, CA 93313 – (661) 229-4008 - California Insurance Specialist
1601 New Stine Rd # 100 – Bakersfield, CA 93309 – (661) 397-3944
More Bakersfield, CA insurance agents
How to find the cheapest auto insurance for seniors
Lowering your rates is not difficult, and here are some money-saving suggestions that can help California drivers locate low-cost auto insurance.
- Earn discounts for being claim-free
- Avoid getting tickets or violations
- Safe vehicles cost less to insure
- Prevent price hikes by avoiding at-fault accidents
- Do not waste money insuring older vehicles for full coverage
- Bundle home and auto and earn a discount
- Keep rates low by comparing prices once a year
That last piece of advice is remarkably significant, as we stressed in this write-up. Car insurance prices can change considerably in a year, so drivers shouldn’t hesitate to change to a new company if a better deal can be had. Having brand loyalty is commendable, but it’s not a great idea if it’s costing you major coinage every year. Now is a great time to shop around and find cheaper auto insurance for seniors in Bakersfield.