Who Has Cheap Riverside Auto Insurance for Drivers Over Age 60?

For older drivers, one of the largest considerations that help determine the price you pay for insurance is your zip code in Riverside. Areas with more people or even just a higher incidence of claims tend to pay more, whereas areas with less crime or weather claims benefit from having to pay less for coverage.

The illustration below sorts the highest-priced places in California for drivers over age 60 to purchase a policy in. Riverside shows up at #12 costing $1,542 for car insurance, which is approximately $129 monthly.

How much is car insurance in Riverside?
Rank City Premium Per Year
1 Glendale $2,142
2 Los Angeles $2,104
3 San Francisco $1,763
4 Sacramento $1,703
5 Oakland $1,687
6 Stockton $1,603
7 San Bernardino $1,596
8 Santa Clarita $1,595
9 Fontana $1,566
10 Long Beach $1,562
11 Garden Grove $1,554
12 Riverside $1,542
13 Modesto $1,532
14 Moreno Valley $1,506
15 Fresno $1,502
16 Santa Ana $1,483
17 Anaheim $1,474
18 San Jose $1,423
19 Fremont $1,389
20 Irvine $1,384
21 Huntington Beach $1,374
22 Oxnard $1,358
23 Bakersfield $1,340
24 San Diego $1,327
25 Chula Vista $1,298
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Premium costs are approximated as the vehicle garaging location can influence premiums substantially.

Finding reliable, cheap auto insurance is difficult, and determining which company offers the cheapest car insurance rates for drivers over age 60 will take even more perseverance.

Every auto insurer has their own process for setting prices, so we need to take a look at the car insurance companies that tend to be cheaper in Riverside, CA. It’s important to understand that Riverside car insurance rates are influenced by many factors that can increase the price of coverage. Getting older, buying higher coverage limits, or having a fender bender can produce rate changes that can make some companies more affordable than others.

Cheap Insurance Rates for Age 60+

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USAA quotes some of the cheapest car insurance rates in Riverside at around $1,143 each year. This is $508 less than the average policy premium paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also some of the more affordable Riverside, CA auto insurance companies.

As shown above, if you are insured with CSAA and switched to USAA, you could realize an annual premium reduction of around $79. Drivers with Nationwide may save as much as $107 a year, and 21st Century insureds might reduce rates by $236 a year.

Understand that those rates are averaged for all drivers and vehicles in California and do not take into consideration a specific zip code for drivers over age 60. So the company that can offer the best rates for your situation may not even be in the top 24 companies in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.

The vehicle model you are insuring is a large consideration that determines whether or not you find the lowest-priced coverage for drivers over age 60. Vehicles with average performance, good safety features, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models.

The list below ranks insurance premiums for a selection of the cheaper vehicles to insure in California.

Cheapest Vehicles to Insure in Riverside, CA
Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 4WD $949
Honda CR-V EX 4WD $969
Honda Accord EX-L 4-Dr Sedan $1,030
Toyota Prius $1,050
Dodge Grand Caravan SE $1,064
Honda Civic DX 4-Dr Sedan $1,104
Ford Edge Limited 2WD $1,113
Chevrolet Impala LT $1,124
Volkswagen Jetta LE 4-Dr Sedan $1,130
Toyota RAV4 Limited 4WD $1,124
Chevrolet Equinox LT 2WD $1,129
Chevrolet Malibu LT $1,145
Ford Explorer Limited 4WD $1,152
Ford F-150 Lariat Super Cab 4WD $1,145
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,155
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Prices above based on single female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in vehicle garaging location which can lower or raise rates substantially.

Looking at the data, we can conclude that vehicles like the Ford Escape, Honda CR-V, and Honda Accord will be some of the cheaper vehicles to insure for older drivers.

Cost comparison with and without full coverage

Finding cheaper car insurance should be important to most drivers, and a great way to lower the cost of insurance for drivers over age 60 is to buy only liability coverage. The information below illustrates the comparison of insurance premiums with liability coverage only compared to full coverage. The prices are based on no claims, a clean driving record, $250 deductibles, marital status is single, and no policy discounts are applied.

Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $2,314 per year more than insuring for liability only. Lot’s of drivers question if you should buy full coverage. There is no definitive rule of when to eliminate comp and collision coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your vehicle’s book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after you pay the deductible. If premiums are more than $500 annually for full coverage, then it may be the right time to buy liability only.

Insuring your vehicle with a good quality insurance provider can be challenging considering how many companies there are in California. The rank data shown below can help you select which providers to look at when buying insurance for drivers over age 60.

These rankings include insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure are not included in these rankings. To check rates and find the cheapest rates for drivers over age 60, follow this link.

Best Car Insurance Companies for Drivers Over Age 60 in Riverside
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
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Insure.com Best Car Insurance Companies

The importance of shopping around

Riverside, CA car insurance rates are calculated based on many things which can substantially decrease or increase the cost of your policy. Simply getting older, moving across town, or getting a DUI can trigger changes in premium that can make some companies cheaper in comparison to the competition.

Not only may your risk profile change, but car insurance companies modify pricing as often as every quarter to help ensure profitability. Unexpectedly high claims may cause additional price hikes, while long-term profits can result in lower-cost Riverside car insurance rates.

As an example, the bar chart below shows the companies that have the cheapest car insurance in Riverside, CA for a 45-year-old male driver with no accidents, a clean driving record, and a good credit history. If we look at prices based on his current risk factors, USAA quotes the best car insurance rates in Riverside at $1,286 a year. This is $365 less than the average price paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide also make the list of the cheapest Riverside, CA auto insurance companies.

Let’s now give the driver from the first example an at-fault accident, a lower credit rating, and an imperfect driving record. Since each insurance company has a proprietary method to determine rates, comparing rates may result in a different list of affordable companies as shown below.

Grange now has the best car insurance rate in Riverside with Progressive, GEICO, Allied, and Allstate also having competitive pricing. This demonstrates why it is critical to compare many different companies to find cheap auto insurance rates for drivers over age 60. Prices consist of many risk factors and change substantially, so the cheapest rate the last time you checked may now be one of the more expensive options.