For senior citizens, one of the big components that are looked at to help calculate the cost of insurance is where you live in San Jose. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims receive better rates.
The information below lists the most costly cities in California for seniors to purchase a policy in. San Jose ranks #18 having an annual price of $1,423 for car insurance, which is approximately $119 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Glendale | $2,142 |
| 2 | Los Angeles | $2,104 |
| 3 | Oakland | $1,755 |
| 4 | San Francisco | $1,711 |
| 5 | Sacramento | $1,652 |
| 6 | San Bernardino | $1,644 |
| 7 | Santa Clarita | $1,595 |
| 8 | Long Beach | $1,578 |
| 9 | Modesto | $1,547 |
| 10 | Stockton | $1,541 |
| 11 | Moreno Valley | $1,536 |
| 12 | Fontana | $1,535 |
| 13 | Garden Grove | $1,524 |
| 14 | Fresno | $1,502 |
| 15 | Santa Ana | $1,483 |
| 16 | Riverside | $1,482 |
| 17 | Anaheim | $1,430 |
| 18 | San Jose | $1,423 |
| 19 | Huntington Beach | $1,402 |
| 20 | Irvine | $1,371 |
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Premium costs are comparative as the specific area where the vehicle is garaged can alter premiums greatly.
Determining which company offers the lowest-priced auto insurance rates for seniors will involve a little more sweat in order to find the most economical policy. Each insurer uses their own method to establish rates, so let’s look at the rankings for the auto insurance companies with the overall best prices in San Jose, CA.
Keep in mind that California auto insurance rates are based on many factors which can substantially change the price you pay for coverage. Simply having another birthday, buying a different home, or getting a reckless driving citation may prompt premium changes resulting in some companies being cheaper than competitors.
Cheap Insurance Rates for Mature Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,155 |
| 2 | Wawanesa | $1,181 |
| 3 | Century National | $1,214 |
| 4 | CSAA | $1,234 |
| 5 | Nationwide | $1,263 |
| 6 | 21st Century | $1,366 |
| 7 | Grange | $1,433 |
| 8 | Mercury | $1,503 |
| 9 | Allstate | $1,543 |
| 10 | Allied | $1,556 |
| 11 | Progressive | $1,558 |
| 12 | GEICO | $1,559 |
| 13 | MetLife | $1,638 |
| 14 | The Hartford | $1,639 |
| 15 | State Farm | $1,682 |
| 16 | Unitrin | $1,699 |
| 17 | Esurance | $1,756 |
| 18 | Bristol West | $1,831 |
| 19 | Travelers | $1,860 |
| 20 | Farmers | $2,026 |
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USAA may have some of the lowest car insurance rates in San Jose at around $1,155 annually. Wawanesa, Century National, CSAA, and Nationwide are also some of the most economical San Jose, CA car insurance companies.
As shown above, if you are a policyholder with Nationwide and switched to Wawanesa, you may realize a yearly savings of around $82. California drivers with 21st Century may save as much as $185 a year, and Grange policyholders might cut rates by $252 a year.
To discover how much you can save, click here or click several companies below for low rates.
It’s important to note that these premium estimates are averaged across all types of insureds and vehicles and do not factor in a vehicle location for seniors. So the auto insurance company that has the cheapest rates for you may not even be in the top 24 companies in the list above. That emphasizes why you need to compare as many prices as possible using your own specific driver information and vehicle.
Get discount San Jose auto insurance rates
Insurance providers that provide policies for seniors could also offer policy discounts that could reduce prices by as much as 40% or more if you meet specific eligibility requirements. A list of auto insurance companies and some of the discounts are outlined below.
- Mercury Insurance offers discounts for good driver, type of vehicle, low natural disaster claims, annual mileage, multi-policy, and multi-car.
- Farmers Insurance may have discounts that include business and professional, good student, bundle discounts, early shopping, switch companies, distant student, and electronic funds transfer.
- Farm Bureau discounts include renewal discount, 55 and retired, multi-vehicle, safe driver, and youthful driver.
- State Farm offers premium reductions for good driver, multiple policy, Drive Safe & Save, multiple autos, anti-theft, Steer Clear safe driver discount, and passive restraint.
- Allstate policyholders can earn discounts including economy car, good student, utility vehicle, EZ pay plan discount, and passive restraint.
- GEICO includes discounts for anti-lock brakes, federal employee, seat belt use, multi-policy, and air bags.
The diagram below shows the comparison of insurance rates with and without policy discounts. Data assumes a male driver, no tickets, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with multiple vehicle, accident-free, vehicle safety, passive restraint, homeowner, and multiple policy discounts applied. When drivers take advantage of discounts, the average savings per year on auto insurance for seniors is 30% or $557.
Violations and accidents raise rates
The recommended way to enjoy affordable auto insurance rates for senior citizens is to be an attentive driver and maintain a clean driving record. The information below illustrates how speeding tickets and at-fault collisions influence insurance rates for different age groups. The price estimates are based on a single male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the chart above, the average cost of an auto insurance policy in San Jose per year with no accidents or violations is $1,849. Get two speeding tickets and the average cost increases to $2,435, an increase of $585 each year. Then add one accident along with the two speeding tickets and the annual cost of auto insurance for seniors goes up to an average of $3,029. That’s an increase of $1,180, or $98 per month, just for not maintaining a clean driving record!
Low rates can quickly become overpriced
San Jose, CA auto insurance rates are calculated based on many things which can substantially change the price of your policy. Turning one year older, moving to a new city, or getting a couple of tickets can cause premium changes that can cause some rates to be cheaper than competitors.
Also, auto insurance companies file new California auto insurance rates every year as an adjustment for underwriting gains or losses. A period of higher than normal claims can result in higher priced premiums, while lower claims may produce cheaper San Jose car insurance rates.
The graph below shows the company with the cheapest car insurance in San Jose, CA for a 40-year-old female driver with no prior claims, no tickets, and good credit. If we estimate prices based on her personal profile, USAA quotes the best car insurance rates in San Jose at $1,266 a year. This is $385 less than the average policy premium paid by California drivers of $1,651. Century National, Wawanesa, Nationwide, and CSAA are the remaining most affordable San Jose, CA auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison some claims, less-than-perfect credit, and a few traffic violations. Since each insurance company has their own formula to set premium rates, comparing prices most likely will result in a completely different list of affordable San Jose car insurance companies as shown below.
Grange now has the cheapest rate in San Jose, CA with Mercury, Allstate, GEICO, and Allied completing the list. This example proves why consumers need to take the time to compare as many rates as possible when trying to get cheap insurance quotes for seniors. Insurance prices are influenced by many risk factors and change substantially, so the lowest-price company the last time you shopped around may now be one of the higher cost companies.
The insurance agencies below can most likely help you determine which policy is best, as some drivers have questions and prefer to get some help when comparing insurance rates for seniors. It can be complicated to find coverage yourself, and insurance agents licensed in the state of California can give you comfort knowing your policy gives you decent coverage if you have a claim. To find an auto insurance agency using an interactive map, click the button following the list or click here to get price quotes now.
- Farmers Insurance – Roger Nguyen
478 E Santa Clara St #216 – San Jose, CA 95112 – (408) 293-7250 - Angela Frangieh – State Farm Insurance Agent
1270 S Winchester Blvd #134 – San Jose, CA 95128 – (408) 260-3370 - Sergio Plascencia Insurance Agency
3136 Story Rd – San Jose, CA 95127 – (408) 254-8336 - Farmers Insurance – Jeff Senigaglia
950 S Bascom Ave #2113 – San Jose, CA 95128 – (408) 297-6686