How Much is Riverside Auto Insurance for Drivers Over Age 70?

Finding out which companies have the cheapest car insurance rates for drivers over age 70 may require more time in order to find the most economical policy. Each auto insurance company uses their own method to determine rates, so we will examine the lowest cost car insurance companies in California.

It’s a good idea to be aware that Riverside, CA car insurance rates are impacted by many factors which can substantially change the cost of having a policy. Improving your credit score, buying another vehicle, or having an at-fault accident can trigger changes in premium that can cause some rates to be cheaper in comparison to the competition.

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What’s the cheapest car insurance in California?
Rank Company Cost Per Year
1 USAA $1,121
2 Wawanesa $1,192
3 CSAA $1,198
4 Nationwide $1,213
5 Century National $1,214
6 21st Century $1,379
7 Grange $1,447
8 Allstate $1,497
9 Mercury $1,533
10 Allied $1,556
11 Progressive $1,558
12 GEICO $1,559
13 The Hartford $1,575
14 MetLife $1,590
15 Unitrin $1,699
16 State Farm $1,733
17 Esurance $1,756
18 Travelers $1,788
19 Bristol West $1,849
20 Farmers $2,006
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USAA generally has some of the cheapest car insurance rates in Riverside at around $1,121 each year. This is $530 less than the average policy premium paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National would also make the list of some of the best Riverside, CA auto insurance companies.

As the rates illustrate above, if you are a customer of Nationwide and switched to Wawanesa, you might achieve an annual premium reduction of around $21. California drivers with Century National could save as much as $22 a year, and 21st Century insureds might reduce rates by $187 a year.

It’s important to note that these policy prices are averaged across all types of insureds and vehicles and and are not figured with an exact vehicle garaging location for drivers over age 70. So the auto insurance company that has the cheapest price for you may not even be in the top 24 companies in the list above. That helps illustrate why you need to compare rates from multiple companies using your own specific driver information and vehicle.

The type of vehicle you are trying to insure is one of the largest considerations that determines the availability of the best cheap auto insurance for drivers over age 70. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models. The data below presents auto insurance premiums for a handful of the cheaper vehicles to buy coverage for.

Cheapest Vehicles to Insure in Riverside, CA
Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 4WD $1,249
Ford Escape XLT 4WD $1,255
Toyota Prius $1,346
Ford Focus SE 4-Dr Sedan $1,433
Chevrolet Impala LT $1,454
Chevrolet Malibu LS $1,461
Volkswagen Jetta LE 4-Dr Sedan $1,454
Toyota RAV4 Sport 2WD $1,464
Ford F-150 Lariat Crew Cab 2WD $1,473
Ford Explorer Limited 2WD $1,478
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,473
Dodge Grand Caravan SXT $1,481
Honda Odyssey EX-L $1,531
Hyundai Elantra GLS 4-Dr Sedan $1,541
Toyota Corolla LE $1,531
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Prices above based on single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Information does not factor in specific Riverside, CA garaging location which can impact coverage rates significantly.

Based upon the rates shown, makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Ford Focus, and Chevrolet Impala are most likely going to be the more affordable vehicles to insure for older drivers. Car insurance rates will tend to be more expensive just because there is more claim risk for drivers over age 70, but overall those vehicles will probably have the lowest prices that you are likely to find.

For older drivers, one of the largest considerations that are looked at to determine the amount you pay each year for auto insurance is where your residence is. Areas with more people or more claims tend to have higher rates, whereas less populated areas have the benefit of cheaper auto insurance prices.

The following table ranks the most expensive areas in California for drivers over age 70 to purchase car insurance in. Riverside shows up at #10 with an annual cost of $1,542 for the average policy, which is about $129 per month.

How much is car insurance in Riverside?
Rank City Annual Rate
1 Los Angeles $2,146
2 Glendale $2,142
3 San Francisco $1,745
4 Oakland $1,738
5 Sacramento $1,652
6 San Bernardino $1,644
7 Stockton $1,588
8 Fontana $1,581
9 Long Beach $1,578
10 Riverside $1,542
11 Santa Clarita $1,533
12 Modesto $1,532
13 Garden Grove $1,524
14 Fresno $1,517
15 Moreno Valley $1,506
16 Santa Ana $1,483
17 San Jose $1,437
18 Anaheim $1,430
19 Huntington Beach $1,416
20 Fremont $1,389
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Price information shown is estimated as the specific zip code location can lower or raise coverage rates considerably.

Rate increases following a ticket or accident

One of the best ways to earn the best car insurance premiums for older drivers is to be a good driver and avoid at-fault accidents and violations. The diagram below highlights how speeding tickets and at-fault claims impact insurance premiums for different insured age categories. The premiums assume a single male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.

In the prior example, the average cost of a car insurance policy in Riverside per year with a clean driving record and no accidents is $2,075. Get two speeding tickets and the average cost jumps to $2,743, an increase of $668 each year. Next add one accident along with the two speeding tickets and the annual cost of car insurance for drivers over age 70 increases to an average of $3,413. That’s an increase of $1,338, or $111 per month, just for not being more responsible behind the wheel!

The information below highlights how deductible selection can raise or lower insurance rates when getting quotes for cheap insurance for drivers over age 70. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

The chart above illustrates that a 50-year-old driver could cut expenses by $428 a year by increasing from a $100 deductible to a $500 deductible, or save $648 by selecting a $1,000 deductible. Youthful drivers, such as the 20-year-old example, could shave $1,434 each year just by choosing larger deductibles.

When insureds make the decision to increase the deductibles on their policy, it is important to have enough spare savings to offset the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Your cheap policy may actually be overpriced

California car insurance rates are determined by lots of factors that will increase or decrease the price of coverage. Getting older, having a teen driver, or getting into an accident may prompt premium changes that may make certain companies cheaper than others. Also, car insurance companies change their prices at least once a year as an adjustment for underwriting gains or losses. Significantly higher losses can result in increased rates, while profitable underwriting may cause cheaper Riverside car insurance rates.

For example, the data below shows the cheapest car insurance in Riverside, CA for a 35-year-old female driver with a good driving record, no prior claims, and a high credit rating. If we estimate rates based on her personal risk profile, USAA may have the cheapest car insurance rates in Riverside at $1,305 a year. This is $346 less than the average price paid by California drivers of $1,651. Century National, Wawanesa, CSAA, and Nationwide also make the list of the best Riverside, CA auto insurance companies.

Now let’s give the driver in the first chart an at-fault accident, less-than-perfect credit, and a speeding citation. Due to the fact that every auto insurer has their own unique process for establishing rates, comparing insurance quotes may now result in a different set of the cheapest car insurance companies in Riverside as shown below.

Grange now has the best insurance rate in Riverside, CA with Progressive, Mercury, Allstate, and GEICO now rounding out the top five. This example proves why it is crucial to shop around with many companies to get affordable car insurance rates for drivers over age 70.

Rates can be determined by many factors and can increase or decrease at any time, so the best option when you bought your policy may now be quite expensive.