Comparing quotes for reasonably-priced insurance is challenging, and finding out which insurers offer the cheapest insurance rates for drivers over age 50 takes even more diligence. Each company has a different process for determining prices, so let’s begin by examining the most competitive insurance companies in San Antonio, TX.
It’s a good idea to be aware that Texas insurance rates are calculated based on many things that can increase the cost of a policy. This price variability is why consumers need to take the time to spend some time comparing rates when trying to find the most affordable insurance quotes for drivers over age 50. Rates can be altered by many factors and change frequently, so the most economical option the last time you shopped around may now not even be in the top five.
Cheapest Insurance Rates for Age 50+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,021 |
| 2 | USAA | $1,128 |
| 3 | Texas Farm Bureau | $1,247 |
| 4 | Germania Mutual | $1,294 |
| 5 | Esurance | $1,379 |
| 6 | California Casualty | $1,396 |
| 7 | Mercury | $1,461 |
| 8 | State Farm | $1,465 |
| 9 | Nationwide | $1,585 |
| 10 | Safe Auto | $1,597 |
| 11 | Allstate | $1,650 |
| 12 | Progressive | $1,664 |
| 13 | Amica | $1,705 |
| 14 | GEICO | $2,072 |
| 15 | Home State | $2,092 |
| 16 | MetLife | $2,183 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,264 |
| 19 | 21st Century | $2,421 |
| 20 | Titan | $2,568 |
| Compare Rates Now Go | ||
Travelers may have some of the cheapest car insurance rates in San Antonio at around $1,021 per year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the cheaper San Antonio, TX auto insurance companies.
As the example above demonstrates, if you currently have a policy with Texas Farm Bureau and switched to Travelers, you could realize a yearly price reduction of upwards of $226. Policyholders with Germania Mutual may save as much as $273 a year, and Esurance customers might reduce rates by $358 a year.
Understand that those prices are averages across all types of drivers and the different vehicles they drive and and are not calculated with an exact vehicle garaging location for drivers over age 50. So the car insurance company that can offer you the best rate may not even be in the list above. That helps illustrate why you need to get rate quotes using your own driver data and vehicle information.
One of the more important components that help determine the amount you pay each year for auto insurance is where you choose to live in San Antonio. Regions with more people or even just more weather-related claims will most likely pay more, whereas less populated areas get the luxury of paying less.
The next table shows the highest-priced areas in Texas for drivers over age 50 to purchase car insurance in. San Antonio ranks #13 with an annual cost of $1,688 on average, which is approximately $141 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Dallas | $1,911 |
| 3 | Houston | $1,891 |
| 4 | Laredo | $1,889 |
| 5 | Brownsville | $1,851 |
| 6 | Garland | $1,850 |
| 7 | Mesquite | $1,825 |
| 8 | Amarillo | $1,804 |
| 9 | Irving | $1,772 |
| 10 | Pasadena | $1,758 |
| 11 | Grand Prairie | $1,757 |
| 12 | Beaumont | $1,702 |
| 13 | San Antonio | $1,688 |
| 14 | Lubbock | $1,682 |
| 15 | Fort Worth | $1,670 |
| 16 | Carrollton | $1,664 |
| 17 | Austin | $1,659 |
| 18 | Arlington | $1,642 |
| 19 | Corpus Christi | $1,620 |
| 20 | McKinney | $1,609 |
| 21 | Waco | $1,584 |
| 22 | El Paso | $1,584 |
| 23 | Plano | $1,576 |
| 24 | Abilene | $1,515 |
| 25 | Killeen | $1,473 |
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Annual rates are approximated as specific San Antonio zip code can change price quotes considerably.
Types of discounts on San Antonio auto insurance rates
Insurance providers that offer cheap quotes for drivers over age 50 could also offer rate discounts that can reduce rates by 35% or more if you qualify for them. A list of companies and their possible discounts can be read below.
- State Farm has savings for safe vehicle, good student, Drive Safe & Save, Steer Clear safe driver discount, anti-theft, and multiple autos.
- GEICO discounts include five-year accident-free, defensive driver, federal employee, air bags, and membership and employees.
- Allstate offers premium reductions for economy car, teenSMART discount, premier discount, premier plus, new car, and auto/life discount.
- SAFECO includes discounts for homeowner, accident prevention training, multi-car, bundle discounts, and safe driver.
- Farm Bureau may have discounts that include multi-vehicle, renewal discount, youthful driver, driver training, multi-policy, good student, and safe driver.
- Progressive has discounts for good student, online quote discount, online signing, multi-vehicle, and homeowner.
- AAA offers discounts for pay-in-full, education and occupation, multi-policy, AAA membership discount, anti-theft, and good student.
The illustration below illustrates the comparison of premium costs with and without discounts applied to the rates. Data assumes a male driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with safe-driver, defensive driving course, accident-free, marriage, vehicle safety, and homeowner discounts applied. When these discounts are applied to the policy premium, the average savings per year on insurance for drivers over age 50 is 30% or $475.
Driving violations and accidents
The easiest way to find low insurance prices in Texas for older drivers is to drive safely and avoid tickets and accidents. The chart below highlights how speeding tickets and accident claims can increase car insurance rates for each different age category. The prices are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
The chart shows that the average cost of an auto insurance policy in Texas per year with no violations or accidents is $2,278. Get two speeding tickets and the average cost increases to $3,048, an increase of $771 each year. Now include two accidents along with the two speeding tickets and the 12-month cost of insurance for drivers over age 50 goes up to an average of $6,084. That’s an increase of $3,806, or $317 per month, just for not driving attentively!
How to find more affordable auto insurance for drivers over age 50
Lowering your rates is not difficult, and here are some of the recommended money-saving solutions that can help Texas drivers buy low-cost coverage.
- Discounts for being claim-free can be substantial
- Having at-fault accidents will increase rates
- Drop full coverage on older vehicles
- Do not get tickets or violations
- Increase deductibles to save money
- Compare rates regularly to ensure the best deal
That final tip is extremely valuable, as was pointed out in the prior information. Car insurance prices in San Antonio adjust frequently, so don’t be afraid to buy from a new company if a lower-cost policy is available. Having a favorite company is fine, but it’s not recommended if that loyalty results in overpaying major coinage every year. It takes less than five minutes to shop around and find cheaper insurance for drivers over age 50.
If you have questions and prefer to get some professional advice when shopping for the best coverage for older drivers, the agents below can most likely help you decide which auto insurance coverages would be the best in your situation. To locate an agency by location nearest to you, click the button at the bottom of the list.
- Luis Corral – State Farm Insurance Agent
4416 Ramsgate St #101 – San Antonio, TX 78230 – (210) 696-6324 - Raul Benavides III – State Farm Insurance Agent
6900 San Pedro Ave #135 – San Antonio, TX 78216 – (210) 824-5724 - Allan Meyer – State Farm Insurance Agent
10130 San Pedro Ave #103 – San Antonio, TX 78216 – (210) 349-1317 - A and A Insurance Agency
1317 Castroville Rd – San Antonio, TX 78237 – (210) 434-2311 - Sonia Flores – State Farm Insurance Agent
3103 SE Military Dr #102 – San Antonio, TX 78223 – (210) 333-1030