One of the many considerations that are looked at to determine the annual cost of car insurance is where you live. Larger areas tend to pay more, whereas areas with less people or fewer weather incidents receive better rates.
The illustration below ranks the most expensive places in Georgia for drivers over age 60 to buy car insurance in. Atlanta is ranked at #2 with an annual cost of $1,405 for the average insurance policy, which is approximately $117 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | East Point | $1,480 |
| 2 | Atlanta | $1,405 |
| 3 | North Atlanta | $1,349 |
| 4 | Mableton | $1,293 |
| 5 | Dunwoody | $1,281 |
| 6 | Sandy Springs | $1,280 |
| 7 | Alpharetta | $1,272 |
| 8 | Columbus | $1,256 |
| 9 | Smyrna | $1,254 |
| 10 | Marietta | $1,253 |
| 11 | Macon | $1,241 |
| 12 | Roswell | $1,222 |
| 13 | Augusta | $1,209 |
| 14 | Savannah | $1,203 |
| 15 | Gainesville | $1,184 |
| 16 | Rome | $1,182 |
| 17 | Peachtree City | $1,168 |
| 18 | Warner Robins | $1,161 |
| 19 | Athens | $1,158 |
| 20 | Martinez | $1,152 |
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Rate quotes are approximated as the vehicle garaging location can influence premiums considerably.
Deciding which insurers offer the most affordable insurance rates for drivers over age 60 will involve a bit more work in order to find the best policy. Each company has a different process to determine rates, so let’s look at the rankings for the insurance companies with the overall cheapest rates in Atlanta, GA.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Auto-Owners | $839 |
| 2 | The Hartford | $895 |
| 3 | USAA | $1,008 |
| 4 | Central Mutual | $1,157 |
| 5 | MetLife | $1,226 |
| 6 | Georgia Farm Bureau | $1,299 |
| 7 | Travelers | $1,331 |
| 8 | Mercury | $1,355 |
| 9 | Country | $1,391 |
| 10 | Safeco | $1,397 |
| 11 | State Farm | $1,404 |
| 12 | Allied | $1,452 |
| 13 | California Casualty | $1,577 |
| 14 | Encompass | $1,623 |
| 15 | Progressive | $1,738 |
| 16 | Nationwide | $1,845 |
| 17 | Liberty Mutual | $2,044 |
| 18 | Allstate | $2,180 |
| 19 | GEICO | $2,231 |
| 20 | Victoria | $2,509 |
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Auto-Owners quotes some of the best car insurance rates in Atlanta at around $839 a year. This is $690 less than the average price paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife also rank well as some of the lowest-priced Atlanta, GA auto insurance companies.
As shown in the table above, if you currently have a policy with The Hartford and switched to Auto-Owners, you may see a yearly savings of roughly $56. Insureds with USAA may save as much as $169 a year, and Central Mutual policyholders might reduce rates by $318 a year.
To find cheaper insurance rates for your vehicle, click here to begin a quote or click several companies below for low rates.
It’s important to note that these estimates are averages across all insureds and vehicles and are not factoring in a vehicle location for drivers over age 60. So the auto insurance company that has the cheapest price for you may not even be in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own individual information.
The make and model of vehicle driven is one of the largest considerations when quoting low-priced coverage for drivers over age 60. Vehicles with economical engines, good crash test ratings, or low incidents of liability claims will cost less to insure than adrenaline junky models.
The information below illustrates auto insurance costs for a handful of the cheaper automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $1,401 |
| Ford Escape XLS 4WD | $1,411 |
| Honda CR-V EX-L 2WD | $1,431 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,537 |
| Toyota Prius | $1,553 |
| Ford Explorer XLT AWD | $1,567 |
| Dodge Grand Caravan SE | $1,576 |
| Ford Edge SEL AWD | $1,629 |
| Chevrolet Silverado LS Extended Cab 4WD | $1,659 |
| Chevrolet Malibu Hybrid | $1,664 |
| Volkswagen Jetta S 4-Dr Sedan | $1,659 |
| Toyota RAV4 4WD | $1,667 |
| Chevrolet Equinox LT 2WD | $1,659 |
| Ford F-150 SVT Raptor Super Cab 4WD | $1,689 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,696 |
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Above prices assume single male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Georgia minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in vehicle garaging location which can alter premium rates substantially.
Looking at the rates, models like the Honda Accord, Ford Escape, Honda CR-V, and Jeep Wrangler will be the less-costly vehicles to insure for older drivers.
Cost comparison with and without full coverage
Reducing the cost of insurance should be important to most vehicle owners, and one common way to find cheaper insurance for drivers over age 60 is to only buy liability insurance. The illustration below visualizes the comparison of yearly insurance costs with and without full coverage. Data assumes no accidents or driving violations, $100 deductibles, single marital status, and no discounts are taken into consideration.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $3,016 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 exact rule to stop buying full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s assume your vehicle’s claim settlement value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,500 after you pay the deductible. If premium cost is more than $450 a year for physical damage coverage, then you might want to think about dropping full coverage.
There are some situations where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not drop full coverage.
Get discount Atlanta car insurance rates
Auto insurance companies that sell policies for drivers over age 60 may also provide discounts that could potentially reduce rates by as much as 40% or more if you meet the requirements. Popular insurance companies and their offered discounts are detailed below.
- GEICO offers discounts including multi-vehicle, good student, emergency military deployment, membership and employees, daytime running lights, and multi-policy.
- Travelers offers discounts for driver training, multi-policy, IntelliDrive, student away at school, multi-car, and home ownership.
- Nationwide may have discounts that include good student, multi-policy, business or organization, Farm Bureau membership, accident-free, anti-theft, and easy pay.
- Farmers Insurance discounts include bundle discounts, pay in full, multi-car, electronic funds transfer, and mature driver.
- Esurance may include discounts for paid-in-full, defensive driver, good student, multi-policy, safety device, and renters.
- State Farm has savings for anti-theft, defensive driving training, passive restraint, good driver, and good student.
- Progressive policyholders can earn discounts including multi-vehicle, continuous coverage, online signing, multi-policy, good student, homeowner, and online quote discount.
- Mercury Insurance may offer discounts for professional/association, low natural disaster claims, multi-policy, accident-free, and good student.
The chart below shows the difference between insurance rates with and without some available policy discounts. The data assumes a female driver, no driving violations, no at-fault accidents, Georgia state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with homeowner, passive restraint, claim-free, accident-free, marriage, and multiple policy discounts applied. With discounts applied, theamount saved on insurance for drivers over age 60 is 29% or $771.
Atlanta insurance companies
Choosing the best insurance company can be a challenge considering how many choices you have in Atlanta. The rank data in the lists below may help you select which insurers to look at when trying find the best insurance for drivers over age 60. These rankings only include companies with a national presence, so smaller companies are not included in the list.
Top 10 Major Auto Insurance Providers in Atlanta Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Your cheap policy may actually be overpriced
Georgia insurance rates are impacted by many things which can substantially change your annual premium. Simply getting older, marrying your spouse, or having a fender bender may generate price changes that can cause some rates to be more affordable than competitors.
Not only that, but auto insurance companies change premium rates every year in order to maintain liquidity for claims. Heavier than normal losses can result in rate increases, while a better claims history can result in more affordable Atlanta car insurance rates.
For example, the data below shows the company with the cheapest car insurance in Atlanta, GA for a 40-year-old female driver with a clean driving record, no accidents, and a good credit rating. Based on her current rating profile, Auto-Owners quotes the cheapest car insurance rates in Atlanta at $1,125 annually. This is $404 less than the average rate paid by Georgia drivers of $1,529. The Hartford, USAA, Central Mutual, and MetLife are the remainder of the top five cheapest Atlanta, GA auto insurance companies.
Let’s now give the driver from above a claim surcharge, poor credit, and a speeding citation. Since each auto insurer has a proprietary formula for setting prices, comparing quotes may result in a different ranking of companies as shown below.
The Hartford now has the cheapest price in Atlanta, GA with Travelers, Safeco, Country, and Mercury now being in the top five. This example shows why it is so important to take the time to shop around to find the most affordable car insurance rates for drivers over age 60. Prices can be determined by many factors and change frequently, so the most affordable company the last time you checked may now be wasting a lot of money.