For older drivers, one of the more important criteria that are looked at to determine the price you pay for insurance is where you live in San Antonio. Regions with larger populations or more claims are more likely to have higher rates, whereas less populated areas profit from lower rates.
The illustration below lists the highest-priced areas in Texas for drivers over age 70 to buy auto insurance in. San Antonio is ranked #11 with an annual cost of $1,739 for the average insurance policy, which is approximately $145 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | McAllen | $1,996 |
| 2 | Brownsville | $1,927 |
| 3 | Dallas | $1,893 |
| 4 | Houston | $1,891 |
| 5 | Laredo | $1,851 |
| 6 | Garland | $1,832 |
| 7 | Pasadena | $1,794 |
| 8 | Grand Prairie | $1,793 |
| 9 | Amarillo | $1,786 |
| 10 | Mesquite | $1,771 |
| 11 | San Antonio | $1,739 |
| 12 | Irving | $1,736 |
| 13 | Beaumont | $1,720 |
| 14 | Arlington | $1,709 |
| 15 | Lubbock | $1,682 |
| 16 | Austin | $1,676 |
| 17 | Fort Worth | $1,670 |
| 18 | Carrollton | $1,647 |
| 19 | Plano | $1,608 |
| 20 | Corpus Christi | $1,588 |
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Table data uses approximated as specific San Antonio zip code can modify premium rates substantially.
Figuring out which companies quote the cheapest auto insurance rates for drivers over age 70 will take more time in order to find a policy that fits your budget. Each insurance company uses their own calculation for determining rates, so we need to take a look at the auto insurance companies that tend to have lower prices in San Antonio, TX.
It’s important that you understand San Antonio auto insurance rates are calculated based on many things that can increase the price you pay. Simply improving your credit, buying a home instead of renting, or getting a reckless driving citation may cause policy rate changes that can now make some companies much cheaper than others.
Cheap Insurance Rates for Age 70+
Travelers offers some of the lowest car insurance rates in San Antonio at around $1,021 annually. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also be considered some of the best San Antonio, TX insurance companies.
In this example, if you are a customer of USAA and switched to Travelers, you may realize savings of around $74. Texas drivers with Texas Farm Bureau could save as much as $214 a year, and Germania Mutual policyholders might see rate reductions of $223 a year.
Be aware that those premium estimates are averages for all types of insureds and vehicles and do not factor in an exact vehicle garaging location for drivers over age 70. So the car insurance company that fits your situation best may not even be in the top 23 companies shown above. That helps illustrate why you need to get auto insurance quotes using your own individual information.
Does full coverage make sense?
Finding the cheapest auto insurance is probably important to most people, and one of the easiest ways to pay less for insurance for drivers over age 70 is to only buy liability coverage. The example below compares auto insurance costs with liability coverage only compared to full coverage. The premiums are based on no claims, a clean driving record, $100 deductibles, single marital status, and no discounts are factored in.
Averaged for all ages 20 through 70, physical damage insurance costs an extra $2,181 per year more than carrying just liability coverage. At some point, every insured wonders if buying full coverage is worth the money. There is no written rule of when to phase out full coverage, but there is a general guideline. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
Picking the best insurance company is hard considering how many companies sell insurance in Texas. The information shown below could help you select which car insurance companies to look at when buying insurance for drivers over age 70.
These ratings are only made up of insurance companies that insure vehicles in the majority of U.S. states, so smaller companies will not be included in this list. To view rates from the most competitive companies in Texas, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Here’s why you should compare rates often
Texas auto insurance rates are calculated based on many things which can substantially decrease or increase the price you have to pay. Simply having another birthday, having a teenage driver, or getting a ticket for running a stop sign may prompt premium changes resulting in some companies being cheaper than competitors. And not only may your rating factors change, but auto insurance companies change prices without warning to adjust for unexpected claims or profits. Heavy losses may result in higher rates, while better underwriting may result in lower-priced San Antonio car insurance rates.
As an example, the data below analyzes the cheapest car insurance in San Antonio, TX for a 45-year-old male driver with no accidents, a clean driving record, and a good credit rating. If we estimate rates based on his current risk profile, Travelers might quote the lowest car insurance rates in San Antonio at $1,137 each year. This is $767 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance round out the rest of the cheapest San Antonio, TX auto insurance companies.
In this next rate comparison, we will give the driver from the first example a couple of claims, a little lower credit rating, and a traffic ticket or two. Due to the fact that every auto insurer has their own process for determining prices, analyzing rates most likely will result in a different set of the cheapest companies as shown below.
Mercury now has the cheapest price in San Antonio with State Farm, Safe Auto, Nationwide, and USAA completing the list. This example shows why it is important to compare as many rates as possible when trying to find the lowest auto insurance quotes for drivers over age 70.
Auto insurance prices are impacted by many things and change frequently, so the best price six months ago may now be one of the more expensive options.