Shopping around for low-priced auto insurance is challenging, and deciding which companies have the cheapest auto insurance rates for drivers over age 50 will take even more work. Each company has their own guidelines for determining prices, so first let’s look at the rankings for the overall cheapest auto insurance companies in Riverside, CA.
It’s important to understand that Riverside, CA auto insurance rates are impacted by many factors that will increase or decrease the policy price. Simply having another birthday, having a teenage driver, or getting a driving violation can trigger changes in premium that may make certain companies cheaper in comparison to the competition.
Best Auto Insurance Prices for Age 50+
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,121 |
| 2 | Wawanesa | $1,181 |
| 3 | CSAA | $1,186 |
| 4 | Century National | $1,190 |
| 5 | Nationwide | $1,250 |
| 6 | 21st Century | $1,379 |
| 7 | Grange | $1,477 |
| 8 | Mercury | $1,488 |
| 9 | Progressive | $1,496 |
| 10 | Allstate | $1,543 |
| 11 | Allied | $1,556 |
| 12 | GEICO | $1,559 |
| 13 | The Hartford | $1,623 |
| 14 | MetLife | $1,638 |
| 15 | Unitrin | $1,699 |
| 16 | Esurance | $1,705 |
| 17 | State Farm | $1,733 |
| 18 | Bristol West | $1,795 |
| 19 | Travelers | $1,842 |
| 20 | Farmers | $2,026 |
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USAA has some of the lowest car insurance rates in Riverside at around $1,121 each year. Wawanesa, CSAA, Century National, and Nationwide also rank well as some of the most economical Riverside, CA car insurance companies.
In the above rates, if you are currently insured with Nationwide and switched to Wawanesa, you might realize an annual premium reduction of in the vicinity of $69. Policyholders with 21st Century may save as much as $198 a year, and Grange customers might reduce rates by $296 a year.
To find out how your current rates compare, click here to start your free quote or visit any of the low-priced companies below.
Be aware that those policy rates are averages for all types of insureds and vehicles and do not factor in a specific location for drivers over age 50. So the car insurance company that fits your needs best may not even be in the top 24 companies in the list above. That illustrates why you need to compare rates from multiple companies using your own personal information and vehicle type.
The vehicle needing coverage is one of the primary factors when quoting low-priced coverage for drivers over age 50. Vehicles with high performance features, poor safety ratings, or a track record of large liability claims will cost quite a bit more to insure than more economical and safe models.
The data below showcases car insurance premiums for a handful of the most economical automobiles to insure in California.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,089 |
| Honda CR-V EX 2WD | $1,094 |
| Ford Escape XLT 4WD | $1,115 |
| Hyundai Elantra SE Touring Station Wagon | $1,186 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,194 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,193 |
| Toyota Prius | $1,209 |
| Dodge Grand Caravan CV | $1,219 |
| Ford Explorer Eddie Bauer 2WD | $1,227 |
| Chevrolet Impala LS | $1,263 |
| Ford Edge Limited 2WD | $1,268 |
| Honda Odyssey EX | $1,263 |
| Ford Fusion S 4-Dr Sedan | $1,289 |
| Toyota RAV4 2WD | $1,296 |
| Nissan Altima 2.5 4-Dr Sedan | $1,289 |
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in the specific area where the vehicle is garaged which can lower or raise rates significantly.
Based upon these rates, we can expect vehicles like the Honda Accord, Honda CR-V, Ford Escape, Hyundai Elantra, and Volkswagen Jetta should be some of the most budget-friendly vehicles to insure for older drivers.
One of the many considerations that are used to help calculate the cost of insurance is your address in Riverside. Regions with more people or even just more weather-related claims tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims have the luxury of lower rates.
The illustration below ranks the most expensive places in California for drivers over age 50 to purchase auto insurance in. Riverside shows up at #13 costing $1,527 for the average insured, which is about $127 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Glendale | $2,142 |
| 2 | Los Angeles | $2,104 |
| 3 | Oakland | $1,755 |
| 4 | San Francisco | $1,745 |
| 5 | Sacramento | $1,669 |
| 6 | San Bernardino | $1,628 |
| 7 | Santa Clarita | $1,580 |
| 8 | Long Beach | $1,578 |
| 9 | Garden Grove | $1,570 |
| 10 | Moreno Valley | $1,551 |
| 11 | Stockton | $1,541 |
| 12 | Fontana | $1,535 |
| 13 | Riverside | $1,527 |
| 14 | Modesto | $1,502 |
| 15 | Santa Ana | $1,497 |
| 16 | Fresno | $1,472 |
| 17 | Anaheim | $1,430 |
| 18 | Huntington Beach | $1,402 |
| 19 | Irvine | $1,384 |
| 20 | San Jose | $1,381 |
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Rates are comparative as the specific Riverside residence address can impact insurance rates noticeably.
Safe drivers Riverside pay cheaper rates
The recommended way to receive affordable auto insurance rates for older drivers is to drive carefully and maintain a clean driving record. The diagram below highlights how speeding tickets and at-fault fender-benders can influence insurance costs for each age group. The premiums are based on a single female driver, full coverage, $500 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of car insurance in Riverside per year with no accidents and a clean driving record is $2,637. Factor in two speeding tickets and the average cost rises to $3,530, an increase of $894 each year. Now get two accidents along with the two speeding tickets and the annual cost of auto insurance for drivers over age 50 goes up to an average of $7,051. That’s an increase of $4,414, or $368 per month, just for being a less-than-perfect driver!
Selecting the right insurer can be challenging considering how many companies there are to choose from in Riverside. The company ratings shown next can help you pick which car insurance companies to look at buying from. The ratings below are only made up of companies that insure vehicles nationwide, so companies with more of a regional focus are not taken into consideration for this list.
| 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
Low rates can quickly become overpriced
Riverside, CA auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of having a policy. Simply improving your credit, having a teenage driver, or getting a couple of tickets may prompt premium changes resulting in some companies being affordable when they were higher priced. Not only may your risk profile change, but auto insurance companies file new California car insurance rates at least once a year to adjust for gains or losses. Larger than normal claims may result in more expensive premiums, while lower claims can result in cheaper Riverside car insurance rates.
To help illustrate this point, the graph below shows which company has the cheapest car insurance in Riverside, CA for a 35-year-old male driver with no prior accidents, a clean driving record, and excellent credit. If we compare prices based on his current risk profile, USAA has the cheapest car insurance rates in Riverside at $1,345 a year. This is $306 less than the average rate paid by California drivers of $1,651. Wawanesa, Century National, CSAA, and Nationwide are also included in the cheapest Riverside, CA auto insurance companies.
The next chart shows rates after we give the driver from the first set of rates a claim surcharge, poor credit, and a traffic ticket or two. Due to the fact that every auto insurer has a proprietary method to determine rates, comparing quotes may now result in a significantly different list of affordable Riverside car insurance companies as shown below.
Grange now has the cheapest insurance rate in Riverside with Progressive, GEICO, Mercury, and Allied also being competitive. This example demonstrates why it is important to perform a complete rate comparison to find affordable insurance rates for drivers over age 50.
Car insurance prices are influenced by many things and change frequently, so the best option two years ago may now be priced much higher than other options.